$FROG · JFrog Ltd
JFrog's Q3 FY2026 10-Q shows total subscription revenue of $179.2M, up 30.9% YoY from $136.9M. Gross margin was 79.6%, and the company swung to GAAP net income of $6.6M ($0.05 diluted EPS) versus a $16.4M loss a year earlier. Operating loss narrowed to $1.8M from $21.6M, though nine-month operating loss remains $28.0M. Deferred revenue grew to $422.6M total (current $387.9M plus noncurrent $34.7M) from $342.0M at year-end.
- Revenue rose 30.9% YoY to $179.2M in Q3 FY2026.
- GAAP net income was $6.6M ($0.05/share) versus a $16.4M loss a year ago.
- Gross margin was 79.6%; operating margin was -1.0%.
- Nine-month operating loss narrowed to $28.0M from $70.5M.
- Deferred revenue reached $422.6M, up from $342.0M at year-end 2025.
Shares closed up 35.33% to $100.98, with extended-hours trading at $101.35 (+0.37% vs close), reflecting a strongly positive reaction to the swing to profitability and accelerating growth.
JFrog delivered its first meaningful GAAP profitability quarter alongside 30%+ growth, a combination that drove a 35% single-day share surge.
JFrog's 30.9% growth and return to GAAP profitability positions it favorably among DevOps/software supply-chain peers, where investors reward efficient growth at scale.
The filing flags geopolitical risk from the war involving Israel, the U.S., Iran, and Hezbollah, plus macroeconomic headwinds and competition that could pressure growth and profitability.