JFrog Posts Quarterly Revenue of $179.2 Million as Cloud Grows 60%

Key Facts

JFrog reported on November 5 results for the third quarter ended September 30, 2026, with revenue of $179.2 million, up 31% year over year. The company posted GAAP diluted earnings per share of $0.05 and non-GAAP diluted earnings per share of $0.32. In a comparison published by Investing.com, adjusted earnings exceeded analysts’ average estimate of $0.23 per share, while revenue topped their estimate of $165.77 million. The results came after the stock fell 13.57% during regular trading on Thursday, November 5, before rising 23.29% after the results were announced, according to Investing.com. The stock closed at $74.62 on November 5, according to EL7 data.

Cloud activity was the standout contributor to revenue growth, with sales reaching $101.5 million in the third quarter, up 60% year over year. Its share of total revenue rose to 57%, compared with 46% in the same period a year earlier, surpassing half of the company’s sales. Cloud revenue growth also accelerated from 53% in the second quarter to 60% in the third quarter, according to Investing.com coverage. These figures reflect the cloud business’s expanding weight in the revenue mix alongside its faster growth. JFrog said cloud consumption was tied to increased demand for software supply chain security solutions, as well as a higher net revenue retention rate.

Net revenue retention for the four quarters ended in the third quarter was 124%, up from 118% in the same period a year earlier. The company attributed the improvement to increased demand for software supply chain security solutions and cloud consumption. The rate measures revenue growth from the existing customer base, accounting for the effect of customers expanding their use of services, and thus adds an indicator alongside quarterly revenue figures. Among larger customers, the number of companies with more than $1 million in annual recurring revenue rose to 112, compared with 71 in the same period a year earlier. The comparison shows an expansion in the base of customers with higher annual revenue over the year.

Enterprise+ subscriptions accounted for 61% of total third-quarter revenue, compared with 56% in the same period a year earlier. Chief Executive Shlomi Ben Haim said companies rely on the JFrog platform as a

system of record for the software supply chain,