JFrog Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $531.8M | $428.5M | $349.9M | $280.0M | $206.7M | $150.8M | $104.7M | $63.6M |
| Subscription | — | — | $327.0M | $261.4M | $191.9M | $138.6M | $94.9M | $59.4M |
| Professional Services | — | — | $23.0M | $18.7M | $14.8M | $12.3M | $9.8M | $4.2M |
| Cost of Revenue | $123.5M | $98.3M | $77.0M | $62.3M | $41.8M | $28.5M | $20.0M | $10.7M |
| Gross Profit | $408.4M | $330.2M | $272.8M | $217.8M | $164.9M | $122.4M | $84.7M | $52.8M |
| Gross Margin | 76.8% | 77.1% | 78.0% | 77.8% | 79.7% | 81.1% | 80.9% | 83.1% |
| Operating Expenses | ||||||||
| Research & Development | $195.1M | $160.9M | $134.6M | $121.2M | $79.6M | $41.1M | $29.7M | $25.9M |
| SG&A Expense | $81.2M | $70.0M | $63.1M | $55.6M | $56.7M | $34.5M | $17.8M | $18.8M |
| Operating Income | $-91.9M | $-91.1M | $-75.5M | $-89.8M | $-68.4M | $-14.2M | $-6.9M | $-26.9M |
| Operating Margin | -17.3% | -21.3% | -21.6% | -32.1% | -33.1% | -9.4% | -6.6% | -42.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-66.0M | $-65.8M | $-54.5M | $-84.7M | $-67.6M | $-12.1M | $-3.8M | $-25.5M |
| Income Tax Expense | $5.8M | $3.4M | $6.7M | $5.4M | $-3.4M | $-2.7M | $1.6M | $470.0K |
| Net Income | $-71.8M | $-69.2M | $-61.3M | $-90.2M | $-64.2M | $-9.4M | $-5.4M | $-26.0M |
| Net Margin | -13.5% | -16.2% | -17.5% | -32.2% | -31.1% | -6.2% | -5.2% | -40.9% |
| EPS (Basic) | $-0.62 | $-0.63 | $-0.59 | $-0.91 | $-0.68 | $-0.10 | $-0.10 | $-0.50 |
| EPS (Diluted) | $-0.62 | $-0.63 | $-0.59 | $-0.91 | $-0.68 | $-0.10 | $-0.10 | $-0.50 |
| Shares Outstanding (Basic) | 116.2M | 109.7M | 103.3M | 99.2M | 94.8M | 93.0M | 55.9M | — |
| Shares Outstanding (Diluted) | 116.2M | 109.7M | 103.3M | 99.2M | 94.8M | 93.0M | 55.9M | — |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |