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JFrog Valuation Multiples
Discover revenue and EBITDA valuation multiples for JFrog and similar public comparables like Elastic, Dameng Database, GitLab, Jamf and more.
JFrog Overview
About JFrog
JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform that powers and controls the software supply chain, enabling organizations to continuously and securely deliver software updates across any system. Its product portfolio includes JFrog Artifactory; JFrog Pipelines; JFrog Xray; JFrog Distribution; JFrog Artifactory Edge; JFrog Mission Control and JFrog Insight. Geographically, it derives a majority of revenue from united states and also has its presence in Israel, India and other regions.
Founded
2008
HQ
Employees
1.8K
Website
Financials (LTM)
EV
$5B
JFrog Financials
JFrog reported last 12-month revenue of $560M and EBITDA of $101M.
In the same LTM period, JFrog generated $464M in gross profit, $101M in EBITDA, and $104M in net income.
Revenue (LTM)
JFrog P&L
In the most recent fiscal year, JFrog reported revenue of $532M and EBITDA of $95M.
JFrog expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $560M | XXX | $532M | XXX | XXX | XXX |
| Gross Profit | $464M | XXX | $408M | XXX | XXX | XXX |
| Gross Margin | 83% | XXX | 77% | XXX | XXX | XXX |
| EBITDA | $101M | XXX | $95M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 17% | XXX | 17% | XXX | XXX | XXX |
| Net Profit | $104M | XXX | $100M | XXX | XXX | XXX |
| Net Margin | 19% | XXX | 19% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
JFrog Stock Performance
JFrog has current market cap of $5B, and enterprise value of $5B.
Market Cap Evolution
JFrog's stock price is $43.62.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | 1.7% | XXX | XXX | XXX | $0.83 |
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Start Free TrialJFrog Valuation Multiples
JFrog trades at 8.2x EV/Revenue multiple, and 45.4x EV/EBITDA.
EV / Revenue (LTM)
JFrog Financial Valuation Multiples
As of April 17, 2026, JFrog has market cap of $5B and EV of $5B.
Equity research analysts estimate JFrog's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
JFrog has a P/E ratio of 50.6x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 8.2x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBITDA | 45.4x | XXX | 48.4x | XXX | XXX | XXX |
| EV/EBIT | 47.6x | XXX | 49.9x | XXX | XXX | XXX |
| EV/Gross Profit | 9.9x | XXX | 11.2x | XXX | XXX | XXX |
| P/E | 50.6x | XXX | 52.9x | XXX | XXX | XXX |
| EV/FCF | 32.4x | XXX | 32.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified JFrog Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
JFrog Margins & Growth Rates
JFrog's revenue in the last 12 month grew by 18%.
JFrog's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.3M for the same period.
JFrog's rule of 40 is 37% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
JFrog's rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
JFrog Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 23% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 37% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | 41% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 26% | XXX | 37% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 94% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
JFrog Public Comps
See public comps and valuation multiples for other Developer Tools and DevOps comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| JFrog | XXX | XXX | XXX | XXX | XXX | XXX |
| Elastic | XXX | XXX | XXX | XXX | XXX | XXX |
| Dameng Database | XXX | XXX | XXX | XXX | XXX | XXX |
| GitLab | XXX | XXX | XXX | XXX | XXX | XXX |
| Jamf | XXX | XXX | XXX | XXX | XXX | XXX |
| Justsystems | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
JFrog M&A Activity
JFrog acquired XXX companies to date.
Last acquisition by JFrog was on XXXXXXXX, XXXXX. JFrog acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by JFrog
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialJFrog Investment Activity
JFrog invested in XXX companies to date.
JFrog made its latest investment on XXXXXXXX, XXXXX. JFrog invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by JFrog
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout JFrog
| When was JFrog founded? | JFrog was founded in 2008. |
| Where is JFrog headquartered? | JFrog is headquartered in United States. |
| How many employees does JFrog have? | As of today, JFrog has over 1K employees. |
| Who is the CEO of JFrog? | JFrog's CEO is Shlomi Ben Haim. |
| Is JFrog publicly listed? | Yes, JFrog is a public company listed on Nasdaq. |
| What is the stock symbol of JFrog? | JFrog trades under FROG ticker. |
| When did JFrog go public? | JFrog went public in 2020. |
| Who are competitors of JFrog? | JFrog main competitors are Elastic, Dameng Database, GitLab, Jamf. |
| What is the current market cap of JFrog? | JFrog's current market cap is $5B. |
| What is the current revenue of JFrog? | JFrog's last 12 months revenue is $560M. |
| What is the current revenue growth of JFrog? | JFrog revenue growth (NTM/LTM) is 18%. |
| What is the current EV/Revenue multiple of JFrog? | Current revenue multiple of JFrog is 8.2x. |
| Is JFrog profitable? | Yes, JFrog is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of JFrog? | JFrog's last 12 months EBITDA is $101M. |
| What is JFrog's EBITDA margin? | JFrog's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of JFrog? | Current EBITDA multiple of JFrog is 45.4x. |
| What is the current FCF of JFrog? | JFrog's last 12 months FCF is $142M. |
| What is JFrog's FCF margin? | JFrog's last 12 months FCF margin is 25%. |
| What is the current EV/FCF multiple of JFrog? | Current FCF multiple of JFrog is 32.4x. |
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