JFrog (NASDAQ:FROG) Announces Earnings Results, Beats Estimates By $0.03 EPS

JFrog (NASDAQ:FROG) released its quarterly earnings results on Thursday. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03, Briefing.com reports. The firm had revenue of $145.31 million for the quarter, compared to analysts’ expectations of $138.09 million. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.84%. The business’s revenue was up 25.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 EPS. JFrog updated its FY 2026 guidance to 0.880-0.920 EPS and its Q1 2026 guidance to 0.200-0.220 EPS.

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

• JFrog reported FY2025 total revenue of $531.8M (+24% YoY) and Q4 revenue of $145.3M (+25% YoY), with cloud revenue growing 45% YoY to $243.3M and representing ~48% of Q4 sales.
• Security is a clear growth engine — JFrog Advanced Security and Curation now comprise over 10% of ARR, security represented 16% of ending RPO (up from 12%), and attach/expansion are driving multi‑year commitments and a 119% net dollar retention.
• Management guided FY2026 revenue to $623M–$628M (~17.5% YoY at midpoint), signaling deceleration vs. 2025, and called out a FX headwind to operating expenses with expected gross margins of ~82%–83% in 2026.
• Leadership warned of a “tsunami of binaries” from AI and coding agents that creates volatile usage spikes; the company will keep a conservative guidance posture and focus on converting usage overages into annual commitments.
• Strong financial position with $704M in cash and short‑term investments and $142.2M of free cash flow for FY2025 (27% margin), enabling continued investment in cloud, security, and AI roadmap.

JFrog Stock Down 3.0%

FROG stock opened at $51.68 on Friday. JFrog has a 52 week low of $27.00 and a 52 week high of $70.43. The business has a 50-day simple moving average of $59.88 and a 200 day simple moving average of $53.60. The company has a market cap of $6.11 billion, a PE ratio of -83.35 and a beta of 1.13.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 70,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $69.22, for a total value of $4,845,400.00. Following the completion of the transaction, the chief technology officer directly owned 5,958,641 shares in the company, valued at approximately $412,457,130.02. The trade was a 1.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Yvonne Wassenaar sold 1,957 shares of the stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $58.70, for a total transaction of $114,875.90. Following the sale, the director owned 20,495 shares in the company, valued at $1,203,056.50. This represents a 8.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 407,814 shares of company stock worth $24,969,260. Corporate insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Wilmington Savings Fund Society FSB lifted its position in shares of JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after buying an additional 1,152 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in JFrog by 52.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,789 shares of the company’s stock worth $112,000 after acquiring an additional 615 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after acquiring an additional 2,946 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of JFrog in the 4th quarter valued at approximately $219,000. Finally, Ridge Creek Global Inc acquired a new stake in shares of JFrog in the 4th quarter valued at approximately $227,000. Institutional investors own 85.02% of the company’s stock.

Key JFrog News

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q4 beat and strong forward outlook — JFrog reported Q4 revenue of $145.3M (up 25% YoY) and non‑GAAP EPS that topped consensus; management issued FY‑2026 and Q1 guidance well above Street expectations, which supports growth and margin improvement narratives. JFrog Announces Fourth Quarter and Fiscal 2025 Results
• Positive Sentiment: AI and security tailwinds — Coverage highlights that JFrog’s software‑supply‑chain, security and AI positioning could drive higher product monetization and multiple expansion if execution continues. This is the strategic thesis supporting longer‑term upside. FROG Q4 Deep Dive: Security and AI Tailwinds Propel JFrog’s Software Supply Chain Platform
• Neutral Sentiment: Analyst views mixed but generally constructive — BTIG cut its price target from $83 to $70 but left a Buy rating (still implying upside vs current levels); the analyst community median target is near $70, so consensus remains positive even after trims. Benzinga
• Neutral Sentiment: Full materials and call available — Earnings transcript, slide deck and deep dives are out for investors who want detail on customer metrics and margin cadence; these can influence near‑term revisions. JFrog (FROG) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Sell‑the‑news reaction — Despite the beat and strong guidance, shares dropped sharply on heavy volume as investors booked gains and re‑rated near‑term expectations, creating immediate downside pressure. JFrog shares tumble despite earnings beat and strong guidance
• Negative Sentiment: Large insider selling and notable volume — Public filings and reporting show sizable insider sales over recent months; combined with above‑average intraday volume, that amplifies downside risk in the near term. JFrog Ltd. (FROG) Stock Falls on Q4 2025 Earnings
• Negative Sentiment: Potential volatility drivers — Some sources flagged increased short‑interest and conflicting short‑interest data; even if figures are noisy, perception of rising bearish positioning can magnify moves. JFrog reports bullish Q4 but stock drops

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on FROG shares. KeyCorp increased their target price on JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. upped their price objective on JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a report on Thursday, January 22nd. Barclays boosted their target price on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Piper Sandler decreased their price target on shares of JFrog from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Friday. Fifteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.94.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.