Financial Data and Key Metrics Changes - In fiscal year 2025, total revenue was $531.8 million, up 24% year-over-year [7][18] - Q4 total revenues reached $145.3 million, a 25% increase year-over-year [18] - Cloud revenue for 2025 was $243.3 million, representing 45% year-over-year growth [7][19] - Q4 cloud revenues grew to $70.2 million, up 42% year-over-year, accounting for 48% of total revenues [18][19] - Gross profit in Q4 was $121.6 million, with a gross margin of 83.7% [22] - Non-GAAP earnings per share for 2025 was $0.82, a 26% increase year-over-year [23] Business Line Data and Key Metrics Changes - Greater than $1 million customers grew to 74%, a 42% year-over-year increase [7] - Customers spending more than $100,000 annually increased to 1,168, a 15% year-over-year growth [7] - Security Core products represented 16% of ending remaining performance obligation (RPO), up from 12% the previous year [11][21] - Security Core revenue was 7% of total revenues for 2025, with significant growth in customer adoption [20] Market Data and Key Metrics Changes - JFrog's customer count in fiscal year 2025 was approximately 6,600 [21] - The company reported a net dollar retention rate of 119%, indicating strong customer commitment [21] - The company ended 2025 with $704 million in cash and short-term investments, compared to $522 million at the end of 2024 [24] Company Strategy and Development Direction - JFrog aims to be the foundational infrastructure for software delivery in an AI-driven world, focusing on security and governance of software supply chains [8][10] - The company is expanding its product portfolio and building partnerships with leading companies to enhance value for enterprise customers [6][7] - JFrog is committed to transitioning customers from on-premises solutions to cloud-based offerings, aligning with market trends [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the pipeline and a stabilized purchasing environment as they enter 2026 [25] - The company anticipates full-year 2026 baseline cloud growth to be in the range of 30%-32% [26] - Management highlighted the increasing threat environment as a driver for sustained customer adoption of security solutions [12][40] Other Important Information - JFrog's cash flow from operations for the full year 2025 was $145.7 million, with a free cash flow margin of 27% [24] - The company is focused on disciplined spending while investing in innovation across its platform [26] Q&A Session Summary Question: Customer count transition and focus on larger customers - Management confirmed a strategy focused on larger enterprise customers, resulting in a decrease in lower ASP customers while increasing spending from larger clients [36][37] Question: Structural growth drivers from security incidents - Management acknowledged the increasing frequency of security incidents as a structural growth driver, emphasizing the need for robust security solutions [40][42] Question: Revenue parallels from security incidents - Management indicated that potential revenue growth correlates with the number of enterprise customers adopting JFrog Security, highlighting multiple avenues for growth [45] Question: Consumption trends from AI-driven deployments - Management noted a significant increase in software artifacts and binaries due to AI-driven development, indicating a growing need for JFrog's solutions [49][50] Question: Governance and regulatory pressure in AI adoption - Management confirmed that JFrog's AppTrust is designed to address governance challenges arising from AI and automated code generation [54][55] Question: Partnerships with NVIDIA and Hugging Face - Management highlighted that partnerships with NVIDIA and Hugging Face validate JFrog's position as a secure model registry and are expected to drive new customer acquisitions [71][72]

Financial Data and Key Metrics Changes - In fiscal year 2025, total revenue was $531.8 million, up 24% year-over-year [6][19] - Q4 total revenues reached $145.3 million, a 25% increase year-over-year [19] - Cloud revenue for 2025 was $243.3 million, representing 45% year-over-year growth [6][20] - Q4 cloud revenues grew to $70.2 million, up 42% year-over-year, accounting for 48% of total revenues [19][20] - Gross profit in Q4 was $121.6 million, with a gross margin of 83.7% [24] - Non-GAAP earnings per share for 2025 was $0.82, a 26% increase year-over-year [25] Business Line Data and Key Metrics Changes - Customers spending more than $100,000 annually grew to 1,168, a 15% increase year-over-year [6] - Enterprise Plus subscriptions contributed 57% of total revenues in Q4, up from 54% in the prior year [21] - Security Core products represented 16% of remaining performance obligation (RPO) as of December 31, 2025, compared to 12% in the prior year [23] Market Data and Key Metrics Changes - JFrog's customer count in fiscal year 2025 was approximately 6,600 [23] - Net Dollar Retention for the four trailing quarters was 119%, indicating strong customer adoption [23] Company Strategy and Development Direction - JFrog aims to be the system of record for managing and securing software supply chains, particularly in the context of AI [10][18] - The company is focusing on expanding its security offerings and enhancing partnerships with major cloud providers [14][18] - JFrog is committed to quality growth and responsible investments while addressing emerging needs in the software supply chain [33] Management's Comments on Operating Environment and Future Outlook - Management noted a growing threat environment in software supply chains, which is driving demand for JFrog's security solutions [12][44] - The company anticipates continued durable growth in cloud revenue, estimating a baseline growth of 30%-32% for 2026 [28] - Management expressed confidence in the strength of the pipeline and a stabilized purchasing environment as they enter 2026 [27] Other Important Information - JFrog's cash and short-term investments totaled $704 million at the end of 2025, up from $522 million at the end of 2024 [26] - The company is focused on maintaining disciplined spending while investing in innovation across its platform [29] Q&A Session Summary Question: Customer count transition and focus on larger customers - Management confirmed a strategy focused on larger enterprise customers, resulting in a decrease in lower ASP customers while increasing spending from larger clients [39][40] Question: Structural growth drivers from security incidents - Management acknowledged the increasing frequency of security incidents as a structural growth driver, emphasizing the need for robust security solutions [43][44] Question: Revenue parallels from security incidents - Management indicated that potential revenue growth should be assessed based on the number of enterprise customers yet to adopt JFrog Security, highlighting multiple avenues for growth [48] Question: Consumption trends from AI-driven deployments - Management noted a significant increase in binaries created due to AI agents, indicating a growing need for JFrog's solutions to manage this surge [52] Question: Governance and regulatory pressure with AI adoption - Management confirmed that JFrog's AppTrust is designed to address governance challenges arising from AI and generative tools [56] Question: Partnerships with AI companies and new logos - Management highlighted that partnerships with NVIDIA and Hugging Face are driving new customer acquisitions and enhancing JFrog's position in the market [72][73] Question: Risks associated with AI - Management identified the risk of becoming distracted by trends rather than focusing on delivering value to enterprise customers as a key concern [80]

© JFrog, 2025. All Rights Reserved. Disclaimer This presentation contains forward-looking statements that reflect our current views with respect to, among other things, the operations and financial performance of JFrog Ltd. and its subsidiaries (collectively, "JFrog," "we," "us," or "our"). All statements other than statements of historical facts contained in this presentation, including statements regarding matters such as our industry, business strategy, goals, and expectations concerning our products and ...

Exhibit 99.1 JFrog Announces Fourth Quarter and Fiscal 2025 Results Sunnyvale, Calif., February 12, 2026 – JFrog Ltd. ("JFrog") (Nasdaq: FROG), the Liquid Software company and creators of the JFrog Software Supply Chain Platform, today announced financial results for its fourth quarter and fiscal year 2025 ended December 31, 2025. "Developers and AI coding agents are now building and releasing software together at unprecedented speed. Automation, security, and governance must be embedded from the get-go," s ...

Core Insights - JFrog reported total revenues of $531.8 million for fiscal year 2025, indicating a strong financial performance [1] Financial Performance - The total revenue for fiscal 2025 reached $531.8 million, showcasing growth compared to previous fiscal periods [1]

经济观察网捷蛙科技(FROG.US)近期财务数据显示，公司最近财报营业收入为1.37亿美元，净利润 为-1643万美元，每股收益-0.14美元，市盈率(TTM)为-88.73倍。在机构评级方面，参与评级的22家机构 中，86%给予"买入"建议，14%给予"持有"建议，无"卖出"建议。 公司基本面 捷蛙科技是一家提供端到端混合通用DevOps平台的公司，产品组合包括Artifactory、Pipelines、Xray 等。其大部分收入来自以色列，同时在美国、印度等其他地区开展业务。 行业政策与环境 公司所处的软件服务行业波动较大，同业公司股价表现分化明显，这可能对个股走势产生影响。 以上内容基于公开资料整理，不构成投资建议。 ...

Baron Funds, an investment management company, released its “Baron Discovery Fund” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The Fund focuses on long-term, competitively positioned companies that are well-managed and have significant potential in untapped markets. The letter also addressed the advancements in AI and how humans define themselves in the changing landscape. In Q4, the fund generated a return of 0.19% (Institutional Shares), underperforming the Russell 2 ...

Group 1 - JFrog's platform aids companies in building, managing, and delivering software securely, emphasizing that companies do not ship raw code but rather finished digital components [1] - The company has a beneficial long position in its shares, indicating confidence in its future performance [1] Group 2 - The article does not provide any financial predictions or projections, focusing instead on the operational aspects of JFrog's platform [2] - There is no investment advice or recommendations given, highlighting the independent nature of the analysis [3]

Group 1 - Short interest has more than doubled over the past month, sitting near one-year range highs, indicating potential buying opportunities in the subsequent months [1][3] - Options are currently affordable, with the Schaeffer's Volatility Index (SVI) reading at 66%, ranking in the 29th annual percentile, suggesting favorable conditions for bullish positions [1][3] - The recommended March call has a leverage ratio of 5.3, which will double on a 22.3% rise in the underlying equity, highlighting the potential for significant gains [1] Group 2 - JFrog Ltd (NASDAQ:FROG) experienced a 27% post-earnings increase on November 7, which has provided support during its recent pullback [2] - The shares are trading at their 100-day moving average, a trendline that has shown favorable results recently [2] - Put support is identified between the 55 and 60 strikes, while peak call open interest at the 60-strike has dissipated, indicating potential movement towards higher strikes if the stock breaks above $62.50 [2]

The Value of a Unified Platform vs. Disparate Tools for the Enterprise The JFrog Software Supply Chain Platform standardizes processes across DevOps, DevSecOps, and AI/MLOps teams, providing organizations with a single system of record for all software artifacts, build information, and release workflows. By consolidating these capabilities into one platform, organizations simplify their technology stack with fewer tools, fewer licenses, and reduced overhead. As a single source of truth, JFrog eliminates int ...