--- title: "JFrog | 10-K: FY2025 Revenue Beats Estimate at USD 531.84 M" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/275944760.md" datetime: "2026-02-13T21:14:26.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275944760.md) - [en](https://longbridge.com/en/news/275944760.md) - [zh-HK](https://longbridge.com/zh-HK/news/275944760.md) --- > 支持的语言: [English](https://longbridge.com/en/news/275944760.md) | [繁體中文](https://longbridge.com/zh-HK/news/275944760.md) # JFrog | 10-K: FY2025 Revenue Beats Estimate at USD 531.84 M Revenue: As of FY2025, the actual value is USD 531.84 M, beating the estimate of USD 524.6 M. EPS: As of FY2025, the actual value is USD -0.62, beating the estimate of USD -0.6663. EBIT: As of FY2025, the actual value is USD -118.35 M. ### Segment Revenue JFrog Ltd. reported total subscription revenue of $531.8 million for the year ended December 31, 2025, reflecting a 24% increase from $428.5 million in 2024. The 2024 revenue of $428.5 million grew by 22% from $349.9 million in 2023. Revenue growth in 2025 was primarily driven by approximately $93.9 million from existing customers . #### Revenue by Type (in thousands) - **Subscription—Self-Managed and SaaS:** $502,796 (95% of total revenue) in 2025, $406,903 (95% of total revenue) in 2024, and $330,193 (94% of total revenue) in 2023 . - **License—Self-Managed:** $29,044 (5% of total revenue) in 2025, $21,585 (5% of total revenue) in 2024, and $19,693 (6% of total revenue) in 2023 . #### Revenue by Geographic Segment (in thousands) - **United States:** $316,493 (60% of total revenue) in 2025, $258,911 (60% of total revenue) in 2024, and $215,605 (62% of total revenue) in 2023 . - **Israel:** $16,424 (3% of total revenue) in 2025, $12,275 (3% of total revenue) in 2024, and $9,332 (3% of total revenue) in 2023 . - **Rest of World:** $198,923 (37% of total revenue) in 2025, $157,302 (37% of total revenue) in 2024, and $124,949 (35% of total revenue) in 2023 .Approximately 40% of total revenue in 2025 was generated from customers outside the United States . ### Operational Metrics - **Net Loss (in thousands):** - $71,819 in 2025, - $69,236 in 2024, and - $61,256 in 2023 . - **Gross Profit (in thousands):** $408,387 in 2025, $330,188 in 2024, and $272,843 in 2023 . - **Gross Margin:** 77% in 2025, 77% in 2024, and 78% in 2023 . - **Operating Expenses (in thousands):** - **Research and Development:** $195,089 (37% of total revenue) in 2025, a 21% increase from $160,864 (38% of total revenue) in 2024, and $134,584 (39% of total revenue) in 2023 . - **Sales and Marketing:** $223,932 (42% of total revenue) in 2025, an 18% increase from $190,401 (44% of total revenue) in 2024, and $150,675 (43% of total revenue) in 2023 . - **General and Administrative:** $81,219 (15% of total revenue) in 2025, a 16% increase from $70,021 (16% of total revenue) in 2024, and $63,132 (18% of total revenue) in 2023 . - **Operating Loss (in thousands):** - $91,853 in 2025, - $91,098 in 2024, and - $75,548 in 2023 . - **Interest and Other Income, Net (in thousands):** $25,816 in 2025, $25,278 in 2024, and $21,032 in 2023 . - **Income Tax Expense (in thousands):** $5,782 in 2025, $3,416 in 2024, and $6,740 in 2023 . ### Cash Flow (in thousands) - **Net Cash Provided by Operating Activities:** $145,729 in 2025, $110,924 in 2024, and $74,155 in 2023 . - **Net Cash Used in Investing Activities:** - $152,268 in 2025, - $165,356 in 2024, and - $53,476 in 2023 . - **Net Cash Provided by Financing Activities:** $31,210 in 2025, $21,231 in 2024, and $18,371 in 2023 . - **Free Cash Flow:** $142,269 in 2025, $107,781 in 2024, and $72,173 in 2023 . ### Key Company-Specific Metrics - **Customer Base:** As of December 31, 2025, JFrog Ltd. had approximately 6,600 global organizations as customers, including about 83% of Fortune 100 organizations . - **Customers with ARR of $100,000 or More:** 1,168 customers in 2025, up from 1,018 in 2024. These customers accounted for 77% of ARR in 2025 and 72% in 2024 . - **Customers with ARR of $1.0 Million or More:** 74 customers in 2025, up from 52 in 2024 . - **Net Dollar Retention Rate:** 119% as of December 31, 2025, compared to 116% as of December 31, 2024 . - **Enterprise Plus Subscription Revenue:** Represented approximately 56% of total revenue in 2025, up from 51% in 2024 . - **Employee Headcount:** Approximately 1,800 employees as of December 31, 2025, an increase from 1,600 as of December 31, 2024 . ### Outlook / Guidance Summary JFrog Ltd. anticipates a substantial increase in operating expenses as it continues to enhance products, expand its customer base, and invest in sales, marketing, research and development, and employee growth . Free cash flow is expected to fluctuate due to these growth investments . The company believes its existing cash, cash equivalents, short-term investments, and operating cash flow will be sufficient for both short-term and long-term needs . ### 相关股票 - [JFrog (FROG.US)](https://longbridge.com/zh-CN/quote/FROG.US.md) ## 相关资讯与研究 - [JFrog Unveils Universal MCP Registry, Delivering a Secure System of Record for the AI-Driven Software Supply Chain | FROG Stock News](https://longbridge.com/zh-CN/news/279609124.md) - [JFrog Says AI Coding Agents Won’t Replace Binary Security as Xray and Cloud Usage Surge](https://longbridge.com/zh-CN/news/279337545.md) - [Expion360 GAAP EPS of -$1.13, revenue of $9.65M](https://longbridge.com/zh-CN/news/279483561.md) - [Beyond The Numbers: 17 Analysts Discuss JFrog Stock](https://longbridge.com/zh-CN/news/274852688.md) - [Blair William & Co. IL Sells 39,840 Shares of JFrog Ltd. $FROG](https://longbridge.com/zh-CN/news/278347423.md)