One-glance verdict
Overvalued
$44.03 our estimate vs market $99.61
Wall Street consensus: $112.68 (155.9% higher than our fair-value estimate)
126% above our estimate, beyond the bull case
Fundamentals snapshot
JFrog Ltd.
FROG · NMS · Technology · Software - Application
Current price
$99.61
52-week range
$34.05 - $105.76
Market cap
$12.28B
Balance sheet
Healthy
-3.48x Concerning
Net cash $809.92M. Interest coverage shows how many times profit covers the interest bill.
What stands out
2 Rewards
1 Risk
2 rewards · 1 risks
- Reward Revenue grew 12.8% last year.
- Reward Free cash flow was positive in 8/10 years.
- Risk Return on equity was -4.9% last year — the company lost money on shareholders' equity.
What this company does
JFrog Ltd.
JFrog Ltd. helps companies manage all the pieces that go into making their software, making sure it's secure and delivered smoothly. Their money mainly comes from subscriptions for these software management tools, which is important because consistent subscription income often means a more predictable business.
Overview
I am sorry, but I cannot fulfill this request. The provided search results do not contain enough information to create a comprehensive company explainer that meets all the specified requirements, particularly regarding the breakdown of distinct business lines and their relative sizes.
Price history
How the share price has moved
—
Loading price history…
Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2024 Q3
$26.70M
FY2024 Q4
$48.48M
FY2025 Q1
$28.14M
FY2025 Q2
$35.46M
FY2025 Q3
$28.81M
FY2025 Q4
$49.85M
FY2026 Q1
$37.29M
FY2026 Q2
$53.75M
Revenue
$163.77M
Net income
$-4.17M
Diluted EPS
-0.03
Operating cash flow
$57.06M
Free cash flow
$53.75M
Fetching…
Sources
Revenue
$153.98M
Net income
$-8.27M
Diluted EPS
-0.07
Operating cash flow
$38.36M
Free cash flow
$37.29M
Fetching…
Sources
Revenue
$145.31M
Net income
$-15.21M
Diluted EPS
-0.13
Operating cash flow
$50.70M
Free cash flow
$49.85M
Fetching…
Sources
Revenue
$136.91M
Net income
$-16.43M
Diluted EPS
-0.14
Operating cash flow
$30.16M
Free cash flow
$28.81M
Fetching…
Sources
Revenue
$127.22M
Net income
$-21.68M
Diluted EPS
-0.19
Operating cash flow
$36.09M
Free cash flow
$35.46M
Fetching…
Sources
Revenue
$122.41M
Net income
$-18.50M
Diluted EPS
-0.16
Operating cash flow
$28.79M
Free cash flow
$28.14M
Fetching…
Sources
Revenue
$116.08M
Net income
$-23.20M
Diluted EPS
-0.21
Operating cash flow
$49.12M
Free cash flow
$48.48M
Fetching…
Sources
Revenue
$109.06M
Net income
$-22.95M
Diluted EPS
-0.21
Operating cash flow
$27.64M
Free cash flow
$26.70M
Fetching…
Sources
Is it cheap or expensive?
Fair value $44.03 vs current price $99.61
Wall Street consensus is the average analyst price target: $112.68 (155.9% higher than our fair-value estimate).
Our most-likely fair value is $44.03 a share — about 55.8% below today's price of $99.61, so the stock currently looks expensive (overvalued).
Is it drowning in debt?
Healthy
Net cash $809.9M - more cash than debt. Interest coverage -3.5x.
Net debt
$-809.92M
Interest coverage
-3.48x
JFrog Ltd.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
FROG
BASELINE
JFrog Ltd.
Total debt $14.57M Interest coverage -3.48x This is the baseline the peer rows are being compared against.
Total debt $0.00 Interest coverage -1.54x Neither company has much profit cushion over interest right now.
Total debt $128.81B Interest coverage 50.88x This peer still has a real interest-payment cushion, while FROG does not.
Total debt $1.23B Interest coverage 0.21x This peer still has a real interest-payment cushion, while FROG does not.
Total debt $1.28B Interest coverage -4.01x Neither company has much profit cushion over interest right now.
What you should know
The case for and against FROG
2 Rewards
1 Risk
Rewards
-
Revenue grew 12.8% last year.
-
Free cash flow was positive in 8/10 years.
Risks
-
Return on equity was -4.9% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
86.94x
P/B
12.76x
P/S
20.47x
EV/EBITDA
-282.83x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
77.9%
Operating margin
-7.1%
Net margin
-7.3%
ROE
-4.9%
ROA
-2.9%
Health
Liquidity and balance-sheet strength
Debt / equity
0.02x
Current ratio
2.13x
Quick ratio
2.02x
Total debt
$14.57M
Total cash
$824.49M
Growth
How the business has been compounding
Revenue TTM
$599.96M
Revenue 5Y CAGR
26.7%
EPS TTM
-0.36
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$176.26M
Free CF TTM
$142.27M
FCF margin
23.7%
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
—