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JFrog (FROG) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · JFrog (FROG) Q3 2026 earnings results →
Q3 2026 Revenue up 31% year over year to $179M · 4¢ of every $1 of revenue kept as net profit · operating margin -1.0%
JFrog made $179M in Q3 2026 (+31% Y/Y): Subscription Self-Managed and Saa S $172M, License $7.6M. Operating margin -1.0%, net earnings $6.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $179.2M in Q3 2026, up 31% year over year and up 9% from the previous quarter. Saas was the largest line at 57% of revenue. Saas added $38.1M year over year (up 60%), 90% of the total change. License declined 6%.
Gross margin was 79.6%, up 2.2 points from Q3 2025. Operating costs exceeded revenue by $1.8M, an operating margin of -1.0%. Operating expenses grew 13% against revenue growth of 31%. The fastest-growing cost line was General & admin (+25%). Net earnings were $6.6M. The effective tax rate was -5.0%. Non-operating items added $8.1M, 130% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $69.3M (up 130% year over year), 1058% of net earnings. Non-cash charges added back $4.0M of depreciation and amortization and $41.8M of share-based compensation. Working capital and other items added $16.9M. After purchases of property and equipment ($2.8M), free cash flow as the company reports it was $66.5M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $179M | +31% | -1.0% | $6.6M | $69.3M |
| Q2 2026 | 10-Q | Aug 7, 2026 | $164M | +29% | -8.1% | −$4.2M | $57.1M |
| Q1 2026 | 10-Q | May 8, 2026 | $154M | +26% | -8.4% | −$8.3M | $38.4M |
| Q4 2025 | 10-K | Feb 13, 2026 | $145M | +25% | -14.7% | −$15.2M | $50.7M |
| Q3 2025 | 10-Q | Nov 7, 2025 | $137M | +26% | -15.8% | −$16.4M | $30.2M |
| Q2 2025 | 10-Q | Aug 8, 2025 | $127M | +24% | -20.4% | −$21.7M | $36.1M |
| Q1 2025 | 10-Q | May 9, 2025 | $122M | +22% | -18.8% | −$18.5M | $28.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About JFrog
JFrog’s goal is to provide a system of record for the software supply chain in the Artificial Intelligence (“AI”) era. As a foundational platform that provides governance, security and trust to enterprise software organizations, JFrog’s unified platform (“JFrog Platform”) allows companies to successfully unify development speed, volume, security, governance and delivery of software applications across hybrid teams of developers, security professionals, Artificial Intelligence/Machine Learning (“AI/ML”) engineers and AI agents. We envision a world where innovative, secure, compliant and trusted software is consumed, built and continuously delivered from any user to any destination; a reality we refer to as “Liquid Software.”
In its own words, from its 10-K, filed Feb 13, 2026.
JFrog against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +31% against the peers' median +19%. Operating margin: -1.0% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FROG JFrog | Q3 2026 | $179M | +31% | -1.0% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: JFrog 10-Q on SEC EDGAR · CIK 1800667 · Services-Prepackaged Software
Guidance and outlook
More on FROG
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results