# JFrog Ltd. Ordinary Shares (FROG) — Stock CV

JFrog Ltd. is a $12.7B technology company. Revenue grew 26.4% over the last year, it currently loses money, and it holds more cash than debt.

> 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.

## Identity

- **Ticker**: FROG
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: SUNNYVALE, CA
- **Employees**: 1 800
- **Website**: https://www.jfrog.com
- **Market cap**: $12.7B
- **Last price**: $103.02
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $600M
- **Net income**: -$44.1M
- **Free cash flow**: $170M
- **Net cash**: $692M
- **Revenue growth (YoY)**: 26.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 25 |
| Growth | 25 |
| Profitability | 0 |
| Health | 100 |
| Quality | 52 |
| Moat | 50 |

## Qualifications (beginner checklist) — 5 of 9 passed

- [x] Revenue growing — +26.4% YoY
- [ ] Profitable — -$44.1M TTM
- [ ] Profit growing — -3.7% YoY
- [x] Generates cash — $170M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $12.7B market cap
- [ ] Not printing shares — +19.4% shares over ~5y
- [ ] Proven track record — 0/6 profitable years
- [x] Financially stable — Altman Z 14.3 — safe

## Experience (career milestones)

- **FY2020** — Positive free cash flow every year since: 6-year streak
- **2015** — The company's UK legal entity was incorporated in July 2015 under the name Termscloud Limited, before rebranding to…

## Strengths

- High gross margin (77.9%)
- Revenue growing 26.4% year over year
- Strong cash conversion — FCF is 28.3% of revenue
- Net cash position after subtracting debt from cash
- Altman Z-Score 14.32 — low bankruptcy-risk zone

## Watch-outs

- Not profitable — 7.3% net margin
- Loss-making in 6 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $207M | -$64.2M | $23.7M |
| FY2022 | $280M | -$90.2M | $17.1M |
| FY2023 | $350M | -$61.3M | $72.2M |
| FY2024 | $428M | -$69.2M | $108M |
| FY2025 | $532M | -$71.8M | $142M |

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Source: https://stockcv.com/FROG — derived from company filings; may be delayed or incomplete. Information, not investment advice.