FROG JFrog Ltd

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 7, 2024

 

 

JFrog Ltd.

(Exact name of Registrant as Specified in Its Charter)

 

 

Israel			001-39492	98-0680649
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
270 E. Caribbean Drive
Sunnyvale, California				94089
(Address of Principal Executive Offices)				(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (408) 329-1540

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Ordinary Shares, NIS 0.01 par value		FROG		Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

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Item 2.02 Results of Operations and Financial Condition.

On November 7, 2024, JFrog Ltd. issued a press release and will hold a conference call announcing its financial results for its third quarter ended September 30, 2024. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information contained herein and in the accompanying exhibit are “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number		Exhibit Description
99.1		Press release of JFrog Ltd. dated November 7, 2024.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

			JFrog Ltd.
Date:	November 7, 2024	By:	/s/ Eduard Grabscheid
			Eduard Grabscheid Chief Financial Officer

 

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Exhibit 99.1

 

JFrog Announces Third Quarter 2024 Results

Sunnyvale, Calif., November 7, 2024 – JFrog Ltd. (“JFrog”) (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced financial results for its third quarter ended September 30, 2024.

“Our third quarter results reflect strong execution in a tight budgetary environment, with some of the largest enterprise wins in JFrog's history,” said Shlomi Ben Haim, Co-founder and CEO of JFrog. “The continued expansion of the JFrog Platform - with Artifactory at its core as the single source of truth for DevOps, DevSecOps, and MLOps - laid the foundation for future success, while remaining aligned with our DNA of driving efficient growth,” Ben Haim added.

Third Quarter 2024 Financial Highlights

 

Recent Business & Product Highlights

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Fourth Quarter and Fiscal Year 2024 Outlook

The section titled "Non-GAAP Financial Information" below describes our usage of non-GAAP financial measures. Reconciliations between historical GAAP and non-GAAP information are contained at the end of this press release following the accompanying financial data.

Conference Call Details

A live webcast of the conference call will be accessible from the investor relations website at https://investors.jfrog.com/events-and-presentations.

About JFrog

JFrog Ltd. (Nasdaq: FROG), is on a mission to create a world of software delivered without friction from developer to device. Driven by a “Liquid Software” vision, the JFrog Software Supply Chain Platform is a single system of record that powers organizations to build, manage, and distribute software quickly and securely, ensuring it is available, traceable, and tamper-proof. The integrated security features also help identify, protect, and remediate against threats and vulnerabilities. JFrog’s hybrid, universal, multi-cloud platform is available as both self-hosted and SaaS services across major cloud service providers. Millions of users and 7K+ customers worldwide, including a majority of the Fortune 100, depend on JFrog solutions to securely embrace digital transformation. Learn more at www.jfrog.com or follow us on X @JFrog.

Forward-Looking Statements:

This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the U.S. federal securities laws, including but not limited to statements regarding JFrog’s future financial performance, including our outlook for the fourth quarter and for the full year of 2024, expectations regarding the market and revenue potential for the JFrog Platform, including JFrog Artifactory, JFrog Xray, JFrog Curation, JFrog Advanced Security, JFrog ML and JFrog Runtime Security, and including the efficacy and benefit

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of integrating of any of the foregoing with other products and platform, our expectations regarding the mission-critical nature of the “JFrog Platform” to our customers’ infrastructure and its growth potential, the growth potential of our cloud business, including hybrid and multi-cloud, our expectations regarding potential for growth in binary management within MLOps/MLSecOps, our ability to provide effective tools and solutions to detect and remediate security vulnerabilities, our expectations regarding our strategic integrations and collaborations, the ability of our strategic sales team to grow the business across top-tier accounts, our ability to expand usage of our platform in the government and commercial sectors, our ability to contribute data to global security standards bodies, our ability to innovate and meet market demands and the software supply chain needs of our customers and our expectations regarding the integration of Qwak AI’s business into ours, including our ability to successfully integrate into our business operations, including our software supply chain-focused platform, and realize anticipated benefits and synergies from the acquisition. These forward-looking statements are based on JFrog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause JFrog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.

There are a significant number of factors that could cause actual results to differ materially from statements made in this press release and our earnings call, including but not limited to: risks associated with managing our rapid growth; our history of losses; our limited operating history; our ability to retain and upgrade existing customers our ability to attract new customers; our ability to effectively develop and expand our sales and marketing capabilities; our ability to integrate and realize anticipated synergies from acquisitions of complementary businesses and our strategic collaborations; risk of a security breach incident or product vulnerability; risk of interruptions or performance problems associated with our products and platform capabilities; our ability to adapt and respond to rapidly changing technology or customer needs; our ability to compete in the markets in which we participate; our ability to successfully integrate technology from acquisitions into our offerings; our ability to provide continuity to our respective customers and realize innovation following our acquisitions; and general market, political, economic, and business conditions. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in our filings with the Securities and Exchange Commission, including in our annual report on Form 10-K for the year ended December 31, 2023, our quarterly report on Form 10-Q for the quarter ended March 31 and June 30, 2024, and other filings and reports that we may file from time to time with the Securities and Exchange Commission. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. We disclaim any obligation to update forward-looking statements.

About Non-GAAP Financial Measures:

JFrog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP operating income (loss), non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. JFrog uses each of these non-GAAP financial measures internally to understand and compare operating results across accounting periods, for internal budgeting and forecasting purposes, for short- and long-term operating plans, and to evaluate JFrog’s financial performance. JFrog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. JFrog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on JFrog’s reported financial results.

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Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.

A reconciliation of the historical non-GAAP financial measures to their most directly comparable GAAP measures has been provided in the financial statement tables included below in this press release. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty regarding, and the potential variability of, reconciling items that may be incurred in the future such as share-based compensation, the effect of which may be significant.

JFrog defines non-GAAP gross profit, non-GAAP operating expenses (research and development, sales and marketing, general and administrative), non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss) and non-GAAP net income (loss) as the respective GAAP balances, adjusted for, as applicable: (1) share-based compensation expense; (2) the amortization of acquired intangibles; (3) acquisition-related costs; and (4) income tax effects. JFrog defines free cash flow as Net cash provided by (used in) operating activities, minus capital expenditures. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures.

Management believes these non-GAAP financial measures are useful to investors and others in assessing JFrog’s operating performance due to the following factors:

Share-based compensation. JFrog utilizes share-based compensation to attract and retain employees. It is principally aimed at aligning their interests with those of its shareholders and at long-term retention, rather than to address operational performance for any particular period. As a result, share-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period.

Amortization of acquired intangibles. JFrog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. While these intangible assets are evaluated for impairment regularly, amortization of the cost of acquired intangibles is an expense that is not typically affected by operations during any particular period.

Acquisition-related costs. Acquisition-related costs include expenses related to acquisitions of other companies. JFrog views acquisition-related costs as expenses that are not necessarily reflective of operational performance during a period.

Income tax effects. JFrog’s non-GAAP financial results are adjusted for income tax effects related to these non-GAAP adjustments and changes in our assessment regarding the realizability of our deferred tax assets, if any. Excluding income tax effects of non-GAAP adjustments provides a more accurate view of JFrog’s operating results.

Non-GAAP weighted average share count. Diluted GAAP and non-GAAP weighted-average shares are the same, except in periods that there is a GAAP loss and a non-GAAP income. The non-GAAP weighted-average shares used to compute the non-GAAP net income per share - diluted are adjusted to reflect dilution equal to the dilutive impact had there been GAAP income.

Additionally, JFrog’s management believes that the non-GAAP financial measure, free cash flow, is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures due to the fact that these expenditures are considered to be a necessary component of ongoing operations.

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Operating Metrics

JFrog’s number of customers with annual recurring revenue (“ARR”) of $100,000 or more is based on the ARR of each customer, as of the last month of the quarter. JFrog’s number of customers with ARR of $1 million or more is based on the ARR of each customer, as of the last month of the quarter. JFrog defines ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last month of the quarter. The ARR includes monthly subscription customers, so long as JFrog generates revenue from these customers. JFrog annualizes its monthly subscriptions by taking the revenue it would contractually expect to receive from such customers in a given month and multiplying it by 12.

JFrog’s net dollar retention rate compares its ARR from the same set of customers across comparable periods. JFrog calculates net dollar retention rate by first identifying customers (the “Base Customers”), which were customers in the last month of a particular quarter (the “Base Quarter”). JFrog then calculates the contracted ARR from these Base Customers in the last month of the same quarter of the subsequent year (the “Comparison Quarter”). This calculation captures upsells, contraction, and attrition since the Base Quarter. JFrog then divides total Comparison Quarter ARR by total Base Quarter ARR for Base Customers. JFrog’s net dollar retention rate in a particular quarter is obtained by averaging the result from that particular quarter with the corresponding results from each of the prior three quarters.

Investor Contact:

Jeff Schreiner

jeffs@jfrog.com

 

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JFROG LTD.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data; unaudited)

 

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Revenue:
Subscription—self-managed and SaaS		$	103,487			$	84,131			$	297,297			$	238,141
License—self-managed			5,569				4,505				15,113				14,485
Total subscription revenue			109,056				88,636				312,410				252,626
Cost of revenue:
Subscription—self-managed and SaaS(1)(2)(3)			27,156				19,532				69,363				55,966
License—self-managed(3)			135				218				425				654
Total cost of revenue—subscription			27,291				19,750				69,788				56,620
Gross profit			81,765				68,886				242,622				196,006
Operating expenses:
Research and development(1)(2)			42,996				33,358				115,945				101,788
Sales and marketing(1)(2)(3)			50,956				37,915				140,423				109,753
General and administrative(1)(2)			17,733				15,663				51,937				44,635
Total operating expenses			111,685				86,936				308,305				256,176
Operating loss			(29,920	)			(18,050	)			(65,683	)			(60,170	)
Interest and other income, net			5,705				5,733				19,690				14,621
Loss before income taxes			(24,215	)			(12,317	)			(45,993	)			(45,549	)
Income tax expense (benefit)			(1,270	)			1,430				45				4,474
Net loss		$	(22,945	)		$	(13,747	)		$	(46,038	)		$	(50,023	)
Net loss per share, basic and diluted		$	(0.21	)		$	(0.13	)		$	(0.42	)		$	(0.49	)
Weighted-average shares used in computing net loss per share, basic and diluted			110,772				104,135				108,921				102,646
(1) Includes share-based compensation expense as follows:
Cost of revenue: subscription—self-managed and SaaS		$	3,864			$	2,650			$	10,203			$	6,865
Research and development			13,611				8,596				33,453				23,566
Sales and marketing			13,506				8,248				33,759				21,461
General and administrative			5,414				6,192				14,922				15,028
Total share-based compensation expense		$	36,395			$	25,686			$	92,337			$	66,920
(2) Includes acquisition-related costs as follows:
Cost of revenue: subscription–self-managed and SaaS		$	1			$	6			$	9			$	16
Research and development			1,628				1,251				2,605				6,931
Sales and marketing			546				19				610				89
General and administrative			180				18				856				158
Total acquisition-related costs		$	2,355			$	1,294			$	4,080			$	7,194
(3) Includes amortization of acquired intangibles as follows:
Cost of revenue: subscription–self-managed and SaaS		$	4,493			$	2,386			$	9,265			$	7,160
Cost of revenue: license—self-managed			135				218				425				654
Sales and marketing			1,259				357				1,975				1,073
Total amortization expense of acquired intangible assets		$	5,887			$	2,961			$	11,665			$	8,887

 

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JFROG LTD.

CONDENSED Consolidated Balance Sheets

(in thousands; unaudited)

 

		September 30, 2024				December 31, 2023
Assets
Current assets:
Cash and cash equivalents		$	62,246			$	84,765
Short-term investments			405,540				460,245
Accounts receivable, net			92,892				76,437
Deferred contract acquisition costs			14,929				11,378
Prepaid expenses and other current assets			17,769				12,976
Total current assets			593,376				645,801
Property and equipment, net			6,051				6,663
Deferred contract acquisition costs, noncurrent			22,631				18,032
Operating lease right-of-use assets			16,268				22,427
Intangible assets, net			66,739				25,768
Goodwill			371,377				247,955
Other assets, noncurrent			4,447				5,910
Total assets		$	1,080,889			$	972,556
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable		$	16,282			$	16,970
Accrued expenses and other current liabilities			43,803				35,815
Operating lease liabilities			8,150				8,272
Deferred revenue			223,985				201,118
Total current liabilities			292,220				262,175
Deferred revenue, noncurrent			20,257				12,987
Operating lease liabilities, noncurrent			7,693				13,954
Other liabilities, noncurrent			4,513				4,317
Total liabilities			324,683				293,433
Shareholders’ equity:
Share capital			312				297
Additional paid-in capital			1,091,910				968,245
Accumulated other comprehensive income			454				1,013
Accumulated deficit			(336,470	)			(290,432	)
Total shareholders’ equity			756,206				679,123
Total liabilities and shareholders’ equity		$	1,080,889			$	972,556

 

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JFROG LTD.

CONDENSED Consolidated StatementS of Cash Flows

(in thousands; unaudited)

 

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Cash flows from operating activities:
Net loss		$	(22,945	)		$	(13,747	)		$	(46,038	)		$	(50,023	)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization			6,980				3,837				14,605				11,512
Share-based compensation expense			36,395				25,686				92,337				66,920
Non-cash operating lease expense			2,104				2,149				6,323				6,294
Net amortization of premium or discount on investments			(1,388	)			(1,718	)			(5,134	)			(4,588	)
Losses (gains) on foreign exchange			6				(278	)			360				(869	)
Changes in operating assets and liabilities, net of effect of acquisition:
Accounts receivable			(10,227	)			1,558				(15,782	)			1,337
Prepaid expenses and other assets			(1,905	)			2,491				(6,923	)			530
Deferred contract acquisition costs			(6,582	)			(3,175	)			(8,150	)			(4,769	)
Accounts payable			(732	)			1,794				(1,669	)			(119	)
Accrued expenses and other liabilities			5,066				1,905				7,958				4,935
Operating lease liabilities			(2,040	)			(2,048	)			(6,207	)			(5,818	)
Deferred revenue			22,908				7,527				30,126				16,220
Net cash provided by operating activities			27,640				25,981				61,806				41,562
Cash flows from investing activities:
Purchases of short-term investments			(123,603	)			(98,738	)			(379,546	)			(303,310	)
Maturities and sales of short-term investments			93,284				83,676				439,067				266,847
Purchases of property and equipment			(936	)			(591	)			(2,509	)			(1,364	)
Acquisition of business, net of cash acquired			(156,714	)			—				(156,714	)			—
Net cash provided by used in investing activities			(187,969	)			(15,653	)			(99,702	)			(37,827	)
Cash flows from financing activities:
Proceeds from exercise of share options			1,097				2,066				8,804				5,433
Proceeds from employee share purchase plan			4,250				3,166				8,744				6,665
Payments to tax authorities from employee equity transactions, net			(445	)			(1,149	)			(724	)			(332	)
Net cash provided by financing activities			4,902				4,083				16,824				11,766
Effect of exchange rate changes on cash, cash equivalents and restricted cash			117				(121	)			(700	)			(112	)
Net increase (decrease) in cash, cash equivalents, and restricted cash			(155,310	)			14,290				(21,772	)			15,389
Cash, cash equivalents, and restricted cash—beginning of period			218,315				46,706				84,777				45,607
Cash, cash equivalents, and restricted cash—end of period		$	63,005			$	60,996			$	63,005			$	60,996
Reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the amounts shown in the Condensed Consolidated Statements of Cash Flows above:
Cash and cash equivalents		$	62,246			$	60,984			$	62,246			$	60,984
Restricted cash included in prepaid expenses and other current assets			759				12				759				12
Total cash, cash equivalents, and restricted cash		$	63,005			$	60,996			$	63,005			$	60,996

 

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JFROG LTD.

reconciliation of GAAP to non-GAAP results

(in thousands except per share data; unaudited)

 

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Reconciliation of gross profit and gross margin
GAAP gross profit		$	81,765			$	68,886			$	242,622			$	196,006
Plus: Share-based compensation expense			3,864				2,650				10,203				6,865
Plus: Acquisition-related costs			1				6				9				16
Plus: Amortization of acquired intangibles			4,628				2,604				9,690				7,814
Non-GAAP gross profit		$	90,258			$	74,146			$	262,524			$	210,701
GAAP gross margin			75.0	%			77.7	%			77.7	%			77.6	%
Non-GAAP gross margin			82.8	%			83.7	%			84.0	%			83.4	%
Reconciliation of operating expenses
GAAP research and development		$	42,996			$	33,358			$	115,945			$	101,788
Less: Share-based compensation expense			(13,611	)			(8,596	)			(33,453	)			(23,566	)
Less: Acquisition-related costs			(1,628	)			(1,251	)			(2,605	)			(6,931	)
Non-GAAP research and development		$	27,757			$	23,511			$	79,887			$	71,291
GAAP sales and marketing		$	50,956			$	37,915			$	140,423			$	109,753
Less: Share-based compensation expense			(13,506	)			(8,248	)			(33,759	)			(21,461	)
Less: Acquisition-related costs			(546	)			(19	)			(610	)			(89	)
Less: Amortization of acquired intangibles			(1,259	)			(357	)			(1,975	)			(1,073	)
Non-GAAP sales and marketing		$	35,645			$	29,291			$	104,079			$	87,130
GAAP general and administrative		$	17,733			$	15,663			$	51,937			$	44,635
Less: Share-based compensation expense			(5,414	)			(6,192	)			(14,922	)			(15,028	)
Less: Acquisition-related costs			(180	)			(18	)			(856	)			(158	)
Non-GAAP general and administrative		$	12,139			$	9,453			$	36,159			$	29,449
Reconciliation of operating income (loss) and operating margin
GAAP operating loss		$	(29,920	)		$	(18,050	)		$	(65,683	)		$	(60,170	)
Plus: Share-based compensation expense			36,395				25,686				92,337				66,920
Plus: Acquisition-related costs			2,355				1,294				4,080				7,194
Plus: Amortization of acquired intangibles			5,887				2,961				11,665				8,887
Non-GAAP operating income		$	14,717			$	11,891			$	42,399			$	22,831
GAAP operating margin			(27.4	)%			(20.4	)%			(21.0	)%			(23.8	)%
Non-GAAP operating margin			13.5	%			13.4	%			13.6	%			9.0	%
Reconciliation of net income (loss)
GAAP net loss		$	(22,945	)		$	(13,747	)		$	(46,038	)		$	(50,023	)
Plus: Share-based compensation expense			36,395				25,686				92,337				66,920
Plus: Acquisition-related costs			2,355				1,294				4,080				7,194
Plus: Amortization of acquired intangibles			5,887				2,961				11,665				8,887
Less: Income tax effects			(4,277	)			420				(9,195	)			1,658
Non-GAAP net income		$	17,415			$	16,614			$	52,849			$	34,636
Net income per share - basic		$	0.16			$	0.16			$	0.49			$	0.34
Net income per share - diluted		$	0.15			$	0.15			$	0.46			$	0.32
Shares used in non-GAAP net income per share calculations:
GAAP weighted-average shares used to compute net loss per share - basic and diluted			110,772				104,135				108,921				102,646
Add: Dilutive ordinary share equivalents			4,486				6,056				6,099				5,747
Non-GAAP weighted-average shares used to compute net income per share - diluted			115,258				110,191				115,020				108,393

 

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JFROG LTD.

reconciliation of gaap cash flow from operating activities to free cash flow

(in thousands; unaudited)

 

		Three Months Ended September 30,								Nine Months Ended September 30,
		2024				2023				2024				2023
Net cash provided by operating activities		$	27,640			$	25,981			$	61,806			$	41,562
Less: purchases of property and equipment			(936	)			(591	)			(2,509	)			(1,364	)
Free cash flow		$	26,704			$	25,390			$	59,297			$	40,198

 

 

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v3.24.3

Document and Entity Information	Nov. 07, 2024
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Nov. 07, 2024
Entity Registrant Name	JFrog Ltd.
Entity Central Index Key	0001800667
Entity Emerging Growth Company	false
Securities Act File Number	001-39492
Entity Incorporation, State or Country Code	L3
Entity Tax Identification Number	98-0680649
Entity Address, Address Line One	270 E. Caribbean Drive
Entity Address, City or Town	Sunnyvale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94089
City Area Code	408
Local Phone Number	329-1540
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Ordinary Shares, NIS 0.01 par value
Trading Symbol	FROG
Security Exchange Name	NASDAQ

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