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JFrog Ltd. FROG Operating margin

Operating margin at other companies

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46.8%+1.6pp
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7%-13.9pp
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16.4%+1.9pp
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ZscalerZS
-4.7%-0.1pp

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
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×
Current ratio2.3×+0.1×

Where this comes from

Calculated from JFrog Ltd.’s reported figures.

Based on trailing twelve months.

The official record: JFrog Ltd.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is JFrog Ltd.'s operating margin?
JFrog Ltd. (FROG) reported operating margin of -14.5% in Q1 2026.
How has JFrog Ltd.'s operating margin changed year-over-year?
JFrog Ltd.'s operating margin increased by 32.8% year-over-year, from -21.6% to -14.5%.
What is the long-term trend for JFrog Ltd.'s operating margin?
Over 5 years (2020 to 2025), JFrog Ltd.'s operating margin has grown at a 12.9% compound annual growth rate (CAGR), from -9.4% to -17.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.