What does grants — R&D mean?

The amount of R&D funding received from external sources that the company is contractually obligated to repay.

How do you interpret grants — R&D?

An increase indicates higher reliance on repayable external R&D financing, which may impact future cash flow, while a decrease suggests a shift toward self-funded or non-repayable R&D.

How does grants — R&D compare across companies?

Comparable to repayable government loans or conditional R&D grants reported by software and technology companies.

JFrog Ltd. FROG Grants — R&D

Discontinued — last reported Q4 '15

Similar metrics at other companies

CYTKResearch And Development Milestone Grant And Other Revenues Net — Accounts Receivable Net Current

$0-100%

MRNAGrant revenue — Total Revenue

$0-100%

CYTKResearch And Development Milestone Grant And Other Revenues Net — Revenue

$0—

RPRXTotal Funding, TEV-408 — Research and development commitment

$500M—

CYTKResearch And Development Grant And Other Revenues Net — Revenue

$6.59M+477%

EXELGlobal — Researchand Development Arrangement Performedfor Others Reimbursementfor Costs Incurred Percent

5%0.0pp

Other financials

Income statement

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Revenue$154.0M+25.8%

Gross profit$120.4M+30.5%

Operating income-$12.9M+43.7%

Net income-$8.3M+55.3%

EPS (diluted)-$0.07+56.3%

Balance sheet

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Cash & equivalents$61.0M+37.5%

Total debt$16.4M+35.2%

Total equity$924.0M+15.5%

Total assets$1.4B+18.8%

Cash flow

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Operating cash flow$38.4M+33.2%

CapEx$1.1M+65.4%

Free cash flow$37.3M+32.5%

Valuation

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Market cap$10.02B+55.4%

Enterprise value$9.97B+55.6%

P/S17.8×+3.5×

Profitability

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Gross margin77.5%+1.4pp

Operating margin-14.5%-3.6pp

Net margin-10.9%-3.0pp

FCF margin26.9%+0.4pp

Returns & leverage

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Return on equity-7.1%-1.7pp

Debt / equity0×0.0×

Current ratio2.3×+0.1×

Where this comes from

Reported directly by JFrog Ltd. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: JFrog Ltd.’s 10-K, filed February 12, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does grants — R&D mean?: The amount of R&D funding received from external sources that the company is contractually obligated to repay.
How do you interpret grants — R&D?: An increase indicates higher reliance on repayable external R&D financing, which may impact future cash flow, while a decrease suggests a shift toward self-funded or non-repayable R&D.
How does grants — R&D compare across companies?: Comparable to repayable government loans or conditional R&D grants reported by software and technology companies.