Jfrog Ltd income statement
In fiscal 2025, Jfrog Ltd reported revenue of $532m, up 24.1% on the year before, operating income of −$91.9m (a -17.3% margin) and net income of −$71.8m, or −$0.62 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 64 | 105 | 151 | 207 | 280 | 350 | 428 | 532 | 600 |
| Cost of revenue | 11 | 20 | 28 | 42 | 62 | 77 | 98 | 123 | 133 |
| Gross profit | 53 | 85 | 122 | 165 | 218 | 273 | 330 | 408 | 467 |
| Research and development | 26 | 30 | 41 | 80 | 121 | 135 | 161 | 195 | 210 |
| Selling and marketing | 35 | 44 | 61 | 97 | 131 | 151 | 190 | 224 | 235 |
| General and administrative | 19 | 18 | 35 | 57 | 56 | 63 | 70 | 81 | 91 |
| Operating income | −27 | −7 | −14 | −68 | −90 | −76 | −91 | −92 | −69 |
| Income before tax | −26 | −4 | −12 | −68 | −85 | −55 | −66 | −66 | −41 |
| Income tax | 0 | 2 | −3 | −3 | 5 | 7 | 3 | 6 | 3 |
| Net income | −26 | −5 | −9 | −64 | −90 | −61 | −69 | −72 | −44 |
| Diluted EPS | −$0.50 | −$0.10 | −$0.10 | −$0.68 | −$0.91 | −$0.59 | −$0.63 | −$0.62 | −$0.37 |
| Diluted shares (average) | 52m | 54m | 93m | 95m | 99m | 103m | 110m | 116m | 120m |
| EBITDA | −26 | −4 | −11 | −60 | −75 | −60 | −70 | −67 | −56 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 109 | 116 | 122 | 127 | 137 | 145 | 154 | 164 |
| Cost of revenue | 27 | 29 | 30 | 30 | 31 | 32 | 34 | 36 |
| Gross profit | 82 | 88 | 92 | 97 | 106 | 113 | 120 | 128 |
| Research and development | 43 | 45 | 43 | 47 | 51 | 53 | 52 | 54 |
| Selling and marketing | 51 | 50 | 53 | 55 | 56 | 60 | 58 | 61 |
| General and administrative | 18 | 18 | 19 | 20 | 20 | 22 | 24 | 26 |
| Operating income | −30 | −25 | −23 | −26 | −22 | −21 | −13 | −13 |
| Income before tax | −24 | −20 | −17 | −20 | −15 | −14 | −6 | −6 |
| Income tax | −1 | 3 | 1 | 2 | 2 | 1 | 2 | −1 |
| Net income | −23 | −23 | −19 | −22 | −16 | −15 | −8 | −4 |
| Diluted EPS | −$0.21 | −$0.21 | −$0.16 | −$0.19 | −$0.14 | −$0.13 | −$0.07 | −$0.03 |
| EBITDA | −29 | −19 | −16 | −25 | −21 | −16 | −7 | −12 |
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