JFrog shares rise 5.76% to $109.51 as quarterly revenue grows 31%

Key Facts

JFrog shares closed at $109.51 in the November 11, 2026 session, up 5.76%, after the company reported third-quarter results on November 5 and raised its annual outlook. The company posted revenue of $179.2 million, up 31% year over year, compared with $136.9 million in the same period a year earlier. Results showed GAAP net income of $6.553 million, versus a net loss of $16.431 million a year earlier. Diluted non-GAAP earnings per share were about $0.32, and adjusted gross margin was 83.6%.

Cloud business growth was among the standout elements of performance, with cloud revenue reaching $101.5 million in the third quarter, up 60% year over year. Cloud's share rose to 57% of total revenue, from 46% in the same period a year earlier. CEO Shlomi Ben Haim said quarterly performance reflected "this momentum," pointing to enterprises adopting the company's platform as a system of record for the software supply chain. The larger cloud share signals a shift in the revenue mix toward that business, alongside growth in overall revenue. The company also said growth in retention and recurring revenue was tied to demand for software supply chain security solutions and cloud consumption.

Net dollar retention, calculated on a rolling four-quarter basis, was 124% in the third quarter, compared with 118% in the same period a year earlier. The number of customers with annual recurring revenue above $1 million rose to 112, from 71 a year earlier. Remaining performance obligations stood at $812.4 million on September 30, up 60% year over year. These metrics offer a picture of the expansion of the large-customer base and contracted revenue not yet recognized. They reflect the broader commercial activity as well as the increased weight of cloud revenue in the company's results.

The return to GAAP net income does not mean the company posted operating profit under the same standard; results showed GAAP net income only, while the company provided adjusted operating guidance on a non-GAAP basis. JFrog expects fourth-quarter revenue of between $183 million and $185 million, and non-GAAP operating income of between $36.2 million and $38.2 million. It also expects non-GAAP diluted net income per share of between $0.28 and $0.30. These estimates provide the near-term framework the market will track after third-quarter performance, as the company continues to present GAAP and non-GAAP metrics separately.

JFrog raised its fiscal 2026 revenue outlook to $680–682 million, compared with its previous range of $648–652 million. The revision follows third-quarter revenue of $179.2 million and year-over-year growth of 31%. The company has thus set a higher estimate for annual revenue, alongside its fourth-quarter outlook, which calls for revenue of between $183 million and $185 million. Shares rose 5.76% in the November 11 session to $109.51, while the third-quarter results were announced on November 5; the session's move therefore came six days after the announcement and is not attributed directly to its timing.