NASDAQ · FROG
JFrog Ltd.
Technology · Software - Application
$97.59▲ 0.57% ($0.55)at close
Pre-market$97.77▲ 0.18%6:00 AM ET
Valuation
Revenue & margin DCF
Verdict: expensive. Price above all scenarios.
The price needs 48.1% revenue growth a year for 10 years. Our scenarios assume 12.2–21.1%.
That's 1.8× its past 4-year pace.
Value per share
Base case
$14.90
Price used $97.59 is 6.5× this
USD · TTM ending Jun 30, 2026 · Price Oct 1, 8:00 PM UTC
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
Revenue each value needs
Revenue today $600M. The price needs $30.6B by 2036. Base case: $2.9B. At its recent pace: $6.4B. Bear to Bull: $1.9B to $4.1B.
Revenue today $600M. The price needs $30.6B by 2036. Base case: $2.9B. At its recent pace: $6.4B. Bear to Bull: $1.9B to $4.1B.
Revenue in 2036
today $600M
+$27.7Bmore than the Base case · 10.7×
Value per share · Base case
$14.90
Price $97.59
6.5× this
- 10-yr revenue CAGR
- 16.9%
- Ending operating margin
- 0.0%
- Discount rate
- 12.3%
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
USD · TTM ending Jun 30, 2026 · Price Oct 1, 8:00 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
What changed
The stock rose 107.64% over the last year. Revenue grew 26.37% over the trailing twelve months. Operating margin moved from -21.86% to -11.2%. Free cash flow grew 22.27% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/FCF range (60th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at -11.2% — continued expansion would be needed to justify the premium. Revenue growth of 26.37% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Return analysis
Company profile
JFrog Ltd. delivers a comprehensive DevOps platform to businesses throughout the United States, providing a suite of tools designed to streamline software development and delivery.
Market multiples
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
21
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 5, 2026
Q3 FY26 · EPS est $0.23 · Revenue est $165.77M
View
Institutional Sentiment
JFrog Ltd. · FROG
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.