JFrog Raises Full-Year 2026 Revenue Outlook

The Tip Desk · November 5, 2026 · 3 min read

Third-quarter revenue reached $179.2 million, up 31% from a year earlier, and the company lifted fiscal 2026 revenue guidance to $680 million to $682 million.

JFrog Ltd. (FROG), the Liquid Software company behind the JFrog Software Supply Chain Platform, reported third-quarter 2026 revenue of $179.2 million, up 31% from a year earlier, and raised its full-year 2026 revenue outlook to $680 million to $682 million from $648 million to $652 million.

Year-over-year growth accelerated for a second consecutive quarter. Revenue rose 29% in the second quarter, when it was $163.8 million, and 26% in the first quarter, when it was $154.0 million.

Cloud revenue was $101.5 million, up 60% year-over-year, and accounted for 57% of total revenue. That mix followed 53% of total revenue in the second quarter and 51% in the first quarter. Cloud growth had been 53% year-over-year in the second quarter and 50% in the first quarter.

GAAP gross profit was $142.7 million, for a 79.6% margin. Non-GAAP gross profit was $149.8 million, for an 83.6% margin. GAAP operating loss narrowed to $1.8 million, or a (1.0)% margin, from a $13.2 million loss in the second quarter. Non-GAAP operating income was $40.7 million, or a 22.7% margin.

GAAP diluted earnings were $0.05 a share, after a GAAP net loss of $0.03 a share in the second quarter. Non-GAAP diluted earnings were $0.32 a share.

Trailing four-quarter net dollar retention was 124%, up from 121% in the second quarter. The company said the rate was driven by growing demand for software supply chain security solutions and cloud consumption. Customers with annual recurring revenue greater than $1 million grew to 112, up 58% from a year earlier. Customers with greater than $100,000 of ARR increased to 1,357. Enterprise+ subscription mix was 61% of total revenue.

Operating cash flow was $69.3 million and free cash flow was $66.5 million. Cash, cash equivalents and investments were $880.9 million as of September 30, 2026. Remaining performance obligations were $812.4 million, up 60% year-over-year.

Chief Executive Shlomi Ben Haim said AI agents are writing code faster than any developer can review it and that every output becomes an artifact that must be stored, secured, and governed. The company said enterprises are standardizing on the JFrog Platform as a system of record for their software supply chain.

During the quarter JFrog introduced Zero-Touch Remediation and a self-healing software supply chain security ecosystem with Broadcom, Chainguard, Echo, IBM/Red Hat, Moderne, TuxCare and Seal Security. It extended the platform with AI Asset Scanning, Agent Guard and support for Microsoft’s Agent Package Manager, and partnered with Wiz to connect code, cloud and runtime.

For the fourth quarter of 2026, JFrog expects revenue between $183 million and $185 million, non-GAAP operating income between $36.2 million and $38.2 million, and non-GAAP net income of $0.28 to $0.30 a share, assuming about 131 million weighted average diluted shares outstanding. For the full year it expects non-GAAP operating income between $142.5 million and $144.5 million and non-GAAP net income of $1.14 to $1.16 a share, assuming about 129 million weighted average diluted shares outstanding.