JFrog (NASDAQ:FROG) Issues Quarterly Earnings Results, Beats Estimates By $0.09 EPS

08 Nov 2026, 03:27 by Danessa Lincoln · The Markets Daily

JFrog (NASDAQ:FROG – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.09, FiscalAI reports. The business had revenue of $179.17 million for the quarter, compared to analysts’ expectations of $165.92 million. JFrog had a negative return on equity of 1.58% and a negative net margin of 3.29%. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.22 earnings per share.

Here are the key takeaways from JFrog’s conference call:

Q3 revenue rose 31% year over year to $179.2 million, exceeding the high end of guidance. Cloud revenue grew 60% to $101.5 million, while total revenue from Enterprise Plus subscriptions increased 42%.
AI-driven usage and broader adoption of security and governance helped drive larger customer commitments, including a $76 million multi-year SaaS agreement with a major telecommunications company. JFrog said no single customer accounts for more than 3% of revenue.
Expansion metrics strengthened: trailing four-quarter net dollar retention was 124%, gross retention was 97%, and remaining performance obligations grew 60% year over year to $812 million. Customers with more than $1 million in ARR increased 58% to 112.
Profitability and cash generation improved, with a 22.7% operating margin and $66.5 million in free cash flow. JFrog raised full-year 2026 revenue guidance to $680 million–$682 million and baseline cloud growth guidance to 52%–54%; Q4 revenue is forecast at $183 million–$185 million.

JFrog Stock Performance

FROG traded up $26.36 during midday trading on Friday, reaching $100.98. 7,028,737 shares of the company were exchanged, compared to its average volume of 2,064,903. JFrog has a one year low of $34.05 and a one year high of $105.76. The stock has a market capitalization of $12.45 billion, a P/E ratio of -561.00 and a beta of 1.31. The stock’s 50-day simple moving average is $93.42 and its 200 day simple moving average is $72.58.

Key Headlines Impacting JFrog

Here are the key news stories impacting JFrog this week:

Positive Sentiment: JFrog reported third-quarter adjusted EPS of $0.32, above the $0.23 consensus, while revenue of $179.2 million beat expectations of $165.9 million and grew 31% year over year. JFrog Shares Rally on Outlook Boost, 3Q Beat
Positive Sentiment: AI-driven coding activity is boosting demand for JFrog’s software tools. Reports highlight cloud revenue growth of about 60%, reinforcing the view that the company is benefiting from wider adoption of AI coding agents. JFrog Cloud Revenue Surges 60% Amid AI-Driven Software Growth
Positive Sentiment: The company raised its 2026 revenue outlook to $680–$682 million and projected cloud baseline growth of 52%–54%, signaling continued momentum beyond the quarterly beat. JFrog Projects 2026 Revenue and Cloud Growth
Positive Sentiment: Several firms raised price targets and kept bullish ratings: RBC to $121, Truist to $120, KeyCorp to $118 and Canaccord to $110. These revisions reflect stronger analyst expectations after the results. Truist Raises JFrog Price Target
Negative Sentiment: Piper Sandler raised its target from $90 to $95 but maintained a neutral rating; the target remains below the stock’s recent trading level, suggesting some analysts see limited near-term upside after the rally.

Analyst Ratings Changes

Several brokerages have recently issued reports on FROG. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Needham & Company LLC reissued a “buy” rating and set a $115.00 price target on shares of JFrog in a research note on Thursday, September 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Thursday, October 15th. Morgan Stanley set a $100.00 price objective on shares of JFrog in a report on Friday, August 7th. Finally, Piper Sandler raised their price objective on shares of JFrog from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $112.19.

Check Out Our Latest Stock Analysis on JFrog

Insider Buying and Selling

In other news, CRO Tali Notman sold 19,157 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $90.51, for a total value of $1,733,900.07. Following the completion of the sale, the executive directly owned 687,472 shares of the company’s stock, valued at $62,223,090.72. This represents a 2.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Yoav Landman sold 249,300 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $100.72, for a total transaction of $25,109,496.00. Following the completion of the sale, the chief technology officer owned 5,199,038 shares in the company, valued at $523,647,107.36. This represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 900,453 shares of company stock valued at $85,299,266 over the last 90 days. 11.80% of the stock is owned by corporate insiders.

JFrog Company Profile

(Get Free Report)

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.