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JFrog Valuation Multiples

Discover revenue and EBITDA valuation multiples for JFrog and similar public comparables like Suresofttech, Juhe Data, and Cirata.

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 Israel and also has its presence in United States, India and other regions.


Founded

2008

HQ

United States of America
Employees

1.6K+

Website

jfrog.com

Financials

LTM Revenue $459M

LTM EBITDA $83.3M

EV

$4.4B

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JFrog Financials

JFrog has a last 12-month revenue (LTM) of $459M and a last 12-month EBITDA of $83.3M.

In the most recent fiscal year, JFrog achieved revenue of $428M and an EBITDA of -$69.6M.

JFrog expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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JFrog P&L

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue $459M XXX $428M XXX XXX XXX
Gross Profit $383M XXX $330M XXX XXX XXX
Gross Margin 83% XXX 77% XXX XXX XXX
EBITDA $83.3M XXX -$69.6M XXX XXX XXX
EBITDA Margin 18% XXX -16% XXX XXX XXX
EBIT $68.5M XXX -$91.1M XXX XXX XXX
EBIT Margin 15% XXX -21% XXX XXX XXX
Net Profit $78.4M XXX -$69.2M XXX XXX XXX
Net Margin 17% XXX -16% XXX XXX XXX
Net Debt XXX XXX n/a XXX XXX XXX

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JFrog Stock Performance

As of May 30, 2025, JFrog's stock price is $43.

JFrog has current market cap of $4.9B, and EV of $4.4B.

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JFrog Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$4.4B $4.9B XXX XXX XXX XXX $0.67

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JFrog Valuation Multiples

As of May 30, 2025, JFrog has market cap of $4.9B and EV of $4.4B.

JFrog's trades at 10.2x EV/Revenue multiple, and -62.7x EV/EBITDA.

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 62.8x.

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JFrog Financial Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Market cap (current) $4.9B XXX $4.9B XXX XXX XXX
EV (current) $4.4B XXX $4.4B XXX XXX XXX
EV/Revenue 9.5x XXX 10.2x XXX XXX XXX
EV/EBITDA 52.4x XXX -62.7x XXX XXX XXX
EV/EBIT 63.8x XXX -48.0x XXX XXX XXX
EV/Gross Profit 11.4x XXX n/a XXX XXX XXX
P/E 62.8x XXX -71.1x XXX XXX XXX
EV/FCF 40.8x XXX 40.5x XXX XXX XXX

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JFrog Margins & Growth Rates

JFrog's last 12 month revenue growth is 16%

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 -1% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

JFrog's rule of X is 59% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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JFrog Operational Valuation Multiples

LTM NTM Last FY FY 2025 FY 2026 FY 2027
Revenue Growth 16% XXX 16% XXX XXX XXX
EBITDA Margin 18% XXX -16% XXX XXX XXX
EBITDA Growth 18% XXX n/a XXX XXX XXX
Rule of 40 -1% XXX 0% XXX XXX XXX
Bessemer Rule of X XXX XXX 59% XXX XXX XXX
Revenue per Employee XXX XXX $0.3M XXX XXX XXX
Opex per Employee XXX XXX $0.3M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 44% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 38% XXX XXX XXX
Opex to Revenue XXX XXX 98% XXX XXX XXX

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JFrog Public Comps

See public comps and valuation multiples for Developer Tools and DevOps comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Railtown AI XXX XXX XXX XXX XXX XXX
Qt Group XXX XXX XXX XXX XXX XXX
Juhe Data XXX XXX XXX XXX XXX XXX
Suresofttech XXX XXX XXX XXX XXX XXX
Cirata XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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JFrog M&A and Investment Activity

JFrog acquired  XXX companies to date.

Last acquisition by JFrog was  XXXXXXXX, XXXXX XXXXX XXXXXX . JFrog acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by JFrog

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About JFrog

When was JFrog founded? JFrog was founded in 2008.
Where is JFrog headquartered? JFrog is headquartered in United States of America.
How many employees does JFrog have? As of today, JFrog has 1.6K+ employees.
Who is the CEO of JFrog? JFrog's CEO is Mr. Shlomi Ben Haim.
Is JFrog publicy listed? Yes, JFrog is a public company listed on NAS.
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? Similar companies to JFrog include e.g. Railtown AI, Qt Group, Juhe Data, Suresofttech.
What is the current market cap of JFrog? JFrog's current market cap is $4.9B
What is the current revenue of JFrog? JFrog's last 12 months revenue is $459M.
What is the current revenue growth of JFrog? JFrog revenue growth (NTM/LTM) is 16%.
What is the current EV/Revenue multiple of JFrog? Current revenue multiple of JFrog is 9.5x.
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 $83.3M.
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 52.4x.
What is the current FCF of JFrog? JFrog's last 12 months FCF is $107M.
What is JFrog's FCF margin? JFrog's last 12 months FCF margin is 23%.
What is the current EV/FCF multiple of JFrog? Current FCF multiple of JFrog is 40.8x.

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