JFrog Q4 sales beat estimates, driven by cloud revenue growth

Jfrog

12/02/2026 21:25

Overview

Software supply chain platform's Q4 revenue rose 25% yr/yr, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Q4 cloud revenue grew 42% yr/yr, representing 48% of total revenue

Outlook

Company expects Q1 2026 revenue between $146 mln and $148 mln

JFrog forecasts FY 2026 revenue between $623 mln and $628 mln

Company anticipates FY 2026 non-GAAP net income per share between $0.88 and $0.92

Result Drivers

CLOUD REVENUE GROWTH - Cloud revenue rose 42% yr/yr, making up 48% of total revenue

HIGH-VALUE CUSTOMERS - Customers with ARR over $1 mln increased by 42% to 74

ENTERPRISE+ ADOPTION - JFrog Platform Enterprise+ subscription accounted for 57% of Q4 revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$145.30 mln
$138.09 mln (19 Analysts)
Q4 Adjusted EPS
Beat
$0.22
$0.19 (20 Analysts)
Q4 Adjusted Operating Income
Beat
$25.70 mln
$21.78 mln (19 Analysts)
Q4 Adjusted Gross Margin
83.70%
Q4 Adjusted Gross Profit
$121.60 mln
Q4 Adjusted Operating Margin
17.70%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Jfrog Ltd is $71.27, about 37.1% above its February 11 closing price of $52.00

The stock recently traded at 59 times the next 12-month earnings vs. a P/E of 60 three months ago

Press Release: ID:nBwbvXTh6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)