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JFrog Ltd USD

Update

DevOps software-supply-chain (artifact management) and distribution platform.

Sector: United States — large cap (SEC filings)

US_FROG

Price chart

80.39 USDDay 3.41%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
80.39 USD · 3.41%
Market cap
9.3 bn USD

Growth

Δ revenue y/y
25.8%
Δ EBITDA y/y

Multiples

P/E (LTM)
P/B (FY)
10.5x
P/E (ann.)
<0
EV/EBITDA (LTM)
EV/EBITDA (ann.)
<0

Cash return

Dividend yield
FCF yield (LTM)
1.9%

Value creation

fundamental value/yr, % of market cap
Value created / year

Liquidity

Daily turnover (US listing)
185.4 mln USD

Shares: yahoo_fundamentals_timeseries/FROG

🔍 Sanity check — subtotal consistency (Level-1 + Level-2) OK: 0 / Warn: 11 / Err: 2 / Autofix applied: 0
Port of PHP subtotal-total + sign-flip detection logic
PeriodIssues
2023-03-31 Q1Warn 3
2023-06-30 Q2Warn 1
2023-09-30 Q3Warn 1
2023-12-31 FYWarn 1
2024-03-31 Q1Errors 1Warn 2
2024-06-30 Q2Errors 1Warn 1
2024-09-30 Q3Warn 1
2024-12-31 FYWarn 1
2025-03-31 Q1Warn 1
2025-06-30 Q2Warn 1
2025-09-30 Q3Warn 1
2025-12-31 FYWarn 1
2026-03-31 Q1Warn 1
All checks pass · Has warnings (review) · Has errors (needs fix) · ✓* Autofix applied (see evidence)

Financial dynamics

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-03-31Q1 2026 (3M)OK154.0
y/y 25.8%
-12.9
y/y
5.6
y/y -17.2%
-7.4
y/y
-8.3
y/y
38.4-1.11373.2
y/y 18.8%
924.0
y/y 15.5%
-3.7%-736.0Link
2025-12-31Q4 2025 (3M)OK145.3
y/y 25.2%
-21.3
y/y 16.1%
5.6
y/y -18.7%
-15.8
y/y 15.1%
-15.2
y/y 34.4%
50.7-0.81341.4
y/y 18.7%
887.4
y/y 14.7%
-8.2%-698.6Link
2025-09-30Q3 2025 (3M)OK136.9
y/y 25.5%
-21.6
y/y
5.7
y/y -18.9%
-15.9
y/y
-16.4
y/y
30.2-1.31265.5
y/y 17.1%
859.4
y/y 13.6%
-2.6%-644.0Link
2025-06-30Q2 2025 (3M)OK127.2
y/y 23.5%
-26.0
y/y
6.6
y/y 71.4%
-19.4
y/y
-21.7
y/y
36.1-0.61208.2
y/y 18.3%
826.5
y/y 14.6%
-10.7%-604.2Link
2025-03-31Q1 2025 (3M)OK122.4
y/y 22.0%
-23.0
y/y
6.7
y/y 76.7%
-16.3
y/y
-18.5
y/y
28.8-0.61156.2
y/y 16.0%
800.0
y/y 13.0%
-9.4%-556.1Link
2024-12-31Q4 2024 (3M)OK116.1
y/y 19.3%
-25.4
y/y -65.3%
6.9
y/y 80.8%
-18.6
y/y -60.2%
-23.2
y/y -106.5%
49.1-157.31129.9
y/y 16.2%
773.5
y/y 13.9%
-9.1%-514.2Link
2024-09-30Q3 2024 (3M)OK109.1
y/y 23.0%
-29.9
y/y
7.0
y/y 81.9%
-22.9
y/y
-22.9
y/y
27.6-0.91080.9
y/y 17.5%
756.2
y/y 15.8%
-4.1%-459.6Link
2024-06-30Q2 2024 (3M)OK103.0
y/y 22.4%
-19.1
y/y
3.8
y/y -0.1%
-15.3
y/y
-14.3
y/y
16.7-0.71021.1
y/y 14.1%
721.4
y/y 13.5%
-8.0%-583.2Link
2024-03-31Q1 2024 (3M)OK100.3
y/y 25.7%
-16.6
y/y
3.8
y/y -1.2%
-12.8
y/y
-8.8
y/y
17.5-0.8997.1
y/y 13.5%
707.8
y/y 12.5%
-5.1%-571.5Link
2023-12-31Q4 2023 (3M)OK97.3
y/y
-15.4
y/y
3.8
y/y
-11.6
y/y
-11.2
y/y
32.6-0.6972.6
y/y
679.1
y/y
-9.2%-536.7Link
2023-09-30Q3 2023 (3M)OK88.6
y/y
-18.1
y/y
3.8
y/y
-14.2
y/y
-13.7
y/y
26.0-0.6919.6
y/y
653.1
y/y
-2.8%-494.0Link
2023-06-30Q2 2023 (3M)OK84.2
y/y
-18.9
y/y
3.8
y/y
-15.1
y/y
-15.5
y/y
16.7-0.5895.1
y/y
635.9
y/y
-9.8%-461.5Link
2023-03-31Q1 2023 (3M)OK79.8
y/y
-23.2
y/y
3.8
y/y
-19.4
y/y
-20.8
y/y
-1.1-0.3878.7
y/y
628.9
y/y
-439.7Link
Data quality No obvious scale, balance-sheet, or cash-flow sanity issues in the displayed periods.

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

-500501001502023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Year-over-year change

0%10%20%30%2023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Cash flow

FCF ($ mln)

-200-10001002002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Net debt / cash ($ mln)

-800-600-400-20002023 q42024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q1

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +24% vs +22% the year before — a +1.7 pp move. 3-year CAGR +24%.
revenue growth by year: 2023 +25% · 2024 +22% · 2025 +24%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: -1.7%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-03-31 vs 2025-03-31)
= (-7 − -16) × 4.00
36
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (9 341 + -736) ÷ -58
0.0x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (0.0 + 12) ÷ 2
6.0x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= 180 + 0 + 0 − 0
180
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 5.9% × 9 341
−553
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (36 × 6.0 + 180 − 553) ÷ 9 341
-1.7%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Reporting forms detected in loaded periods: (Balance sheet / Profit or loss (P&L) / Cash flows)