Jfrog Ltd. · NASDAQ:FROG

Jfrog — Q2 2026 Earnings Presentation

56 slides from Jfrog's earnings presentation, Aug 6, 2026

  1. Slide 1: © JFrog, 2026. All Rights Reserved.

    © JFrog, 2026. All Rights Reserved.

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward-looking statements that reflect our current views with respect to, among other things, the operations and financial performance of JFrog Ltd. and its subsidiaries (collectively, “JFrog,” “we,” “us,” or “our”). All statements other than statements of hist

  3. Slide 3: JFrog at a Glance

    6,600 83% 1,800+ $40Bn+ Customers as of FY25 Fortune 100 Employees TAM JFROG AT A GLANCE $600MM 26% $170MM 121% 2Q’26 LTM 2Q’26 LTM 2Q’26 LTM 2Q’26 LTM Revenue YoY Revenue Growth Free Cash Flow Net Dollar Retention Rate © JFrog, 2026. All Rights Reserved.

  4. Slide 4: One Platform For Trusted Software

    One Platform For Trusted Software POWERING THE SOFTWARE THAT POWERS THE WORLD © JFrog, 2026. All Rights Reserved.

  5. Slide 5: Our Vision for Software Delivery

    Our Vision for Software Delivery Software should flow seamlessly from developer to production no matter the languages or frameworks you use. SECURE AUTOMATED GOVERNED TRUSTED © JFrog, 2026. All Rights Reserved.

  6. Slide 6: JFrog Powers Industries

    JFrog Powers Industries 10/10 10/10 9/10 8/10 8/10 Top Companies in Top Companies in Top Companies in Top Companies in Top Companies in TECHNOLOGY FINANCE TRANSPORTATION RETAIL HEALTHCARE © JFrog, 2025. 2026. All Rights Reserved.

  7. Slide 7: JFrog Software Supply Chain Platform

    JFROG SOFTWARE SUPPLY CHAIN PLATFORM © JFrog, 2026. All Rights Reserved.

  8. Slide 8: The Software Supply Chain

    DEVELOPERS Automation Compliance THE JFrog SOFTWARE Software SECURITY Supply AI & ML SUPPLY CHAIN Chain SYSTEM OF Platform RECORD Runtime Scale OPS © JFrog, 2025. 2026. All Rights Reserved.

  9. Slide 9: The JFrog Software Supply Chain Platform

    The JFrog Software Supply Chain Platform EDGE DEVGOVOPS OTA FLEET CONTINUOUS REMOTE ACCESS Third-Party Models UPDATES MANAGEMENT MONITORING CONTROL SCOPING IoT Devices APP CONTEXT MLOPS & AI Multi-Cloud RISK EXPERIMENT ML DATA SERVING & ML MODEL INTRODUCER Data Sources BUILD SYSTEM TRACKING PIPELINE

  10. Slide 10: Freedom of Choice

    Freedom of Choice Universal by design 40+ JFrog SaaS, SH & Twin Technologies Platform Hybrid e & Packages Any Cloud Edge & IoT devices Opkg 100+ integrations across customers’ ecosystem © JFrog, 2026. All Rights Reserved.

  11. Slide 11: The Total Economic Impact of the JFrog Platform

    The Total Economic Impact of the JFrog Software Supply Chain Platform 393% <6 Months 156 hrs 30% ROI Payback Saved per Less Time on Year / Developer* OSS Security ! $13.5M $6.7M $3.4M Accelerated Software Automation of Increased Productivity Delivery Time Activities on OSS A JFROG COMMISSIONED STUDY

  12. Slide 12: JFrog DevOps

    JFROG DEVOPS © JFrog, 2026. All Rights Reserved.

  13. Slide 13: Modern Methods to Streamline DevOps Workflows

    Modern Methods to Streamline DevOps Workflows Improve Developer Experience People Dev Ops Future-Proof DevOps with Flexibility & Scalability Process Consolidate Point Solutions Tools © JFrog, 2026. All Rights Reserved.

  14. Slide 14: JFrog Artifactory

    JFrog Artifactory Definitive AI and Software Artifact Management at Scale JFrog offers the most feature-rich artifact management system, supporting the broadest of technologies and artifact types. Gartner, Critical Capabilities for DevOps Platforms, 2024 Operates as a single source of truth Eliminat

  15. Slide 15: Running Your SDLC with JFrog Artifactory

    Running Your SDLC with JFrog Artifactory DEV BUILD TESTING STAGING 40+ Technologies DEPLOY RUNTIME Automation | Metadata | Evidence | Governance © JFrog, 2026. All Rights Reserved.

  16. Slide 16: JFrog Software Supply Chain Security

    JFROG SOFTWARE SUPPLY CHAIN SECURITY © JFrog, 2026. All Rights Reserved.

  17. Slide 17: The Total Economic Impact of JFrog Security

    The Total Economic Impact of JFrog Software Supply Chain Security 282% <6 Months $4M $337K ROI Payback NPV Less Time on OSS Security ! $1.2M $2.5M $1.4M Vulnerability Reduced Vulnerabilities Improved Onboarding Remediation Time Saved A JFROG COMMISSIONED STUDY BY FORRESTER CONSULTING, 2026. FULL STU

  18. Slide 18: 2026 Gartner Magic Quadrant

    2026 GARTNER® MAGIC QUADRANT Software Supply Chain Security #1 HIGHEST FOR ABILITY TO EXECUTE among all vendors evaluated KEY TAKEAWAYS ■ Named a Leader in the first-ever Magic Quadrant dedicated to software supply chain security ■ Positioned highest on Ability to Execute, ahead of every other evalu

  19. Slide 19: JFrog Security – End-to-End SSCS

    JFrog Security – End-to-End SSCS One Platform: Holistic Software Supply Chain Security Embedded With Customers’ Software System of Record Customers regain Minimizes friction control & full visibility & streamlines security Reduces noise Customizes policies & enhances accuracy & automates processes B

  20. Slide 20: JFrog Software Supply Chain Security

    JFrog Software Supply Chain Security Curation & Catalog Xray & Advanced Security Runtime GOVERNANCE Block OPERATIONAL FULL INTEGRITY MALICIOUS SCA SBOM SAST VISIBILITY VERIFICATION AT THE EDGE RISK PACKAGES LIVE PACKAGE CONTEXTUAL SECRETS MISCONFIGS IaC TRACEABILITY PRIORITIZATION ASSESSMENT CATALOG

  21. Slide 21: The Research Advantage

    The Research Advantage JFrog Security Research 2.8M+ Malicious Artifacts Discovered 1700+ CVEs Scored 200+ Zero-day Vulnerabilities Disclosed 20 OSS Security Tools Released 25000+ Leaked Secrets Discovered Visit JFrog Security Research | Follow @JFrogSecurity on X Visit JFrog Security Research | Fol

  22. Slide 22: JFrog Curation

    JFrog Curation Blocks Malicious Packages from Entering Organizations Easily applies policies on OSS packages Automate policy enforcement to block risky packages End-to-End Visibility and Governance Full audit trail of OSS package downloads Security Frictionless Developer Experience Maintains balance

  23. Slide 23: JFrog Xray

    JFrog Xray Comprehensive Software Composition Analysis (SCA) Detects and Prevents Vulnerabilities, license & compliance issues, malicious packages and operational risk Controls Scans Periodic and/or on demand via JFrog CLI Leverages Enhanced CVE Analysis Delivers clear understanding of findings and

  24. Slide 24: JFrog Advanced Security

    JFrog Advanced Security Contextualize Your SDLC Security Protects the SDLC In addition to existing SCA with Xray, leverages SAST, Secret scanning, misconfigurations, and IaC security Less noise, more accuracy Contextual, applicable findings that are relevant to customers’ specific organization Reduc

  25. Slide 25: JFrog Runtime

    JFrog Runtime Protect Applications in Runtime Complete Runtime Visibility Gain a clear and contextualized view of all running applications and workloads. Ensure Runtime integrity Accelerates Incident Response and Prioritization Full visibility to image ownership and deployment history Automates Secu

  26. Slide 26: JFrog AI & MLOps

    JFROG AI & MLOPS © JFrog, 2026. All Rights Reserved.

  27. Slide 27: JFrog MLOps in our Platform

    JFrog MLOps in our Platform End-to-End Security Open Source Repositories Block Malicious Models Model Scanning, Code and Package Scanning, Extend SSC Security at the Gate and Model License Compliance to the Runtime Community Models & Discover, Build, Deploy External APIs ML Data AI/ML Lifecycle Data

  28. Slide 28: A Single SDLC that Embeds AI/ML

    A Single SDLC that Embeds AI/ML OPS Teams Dev SDLC New version of Teams a market leading SW Product CURATE CODE MONITOR BUILD TEST RELEASE PKGS & & DevOps & & & OPERATE SEC & EXPERIMENT EVALUATE Teams TRAIN SECURE DEPLOY Teams MODELS TRACKING MODELS MLOps Embedded AI & Data Enterprise Data ML models

  29. Slide 29: JFrog ML

    JFrog ML Deliver Trusted AI Applications at Speed Unites MLOps and DevSecOps Apply the same secure lifecycle practices to AI/ML. Train, Deploy and Monitor Any Model Untangle complex toolchains for simplified AI lifecycles. Transforms Data into Useful Features Robust feature engineering pipelines acr

  30. Slide 30: Discover, Govern, Connect & Deploy Models

    The unified hub for AI & ML initiatives, allowing customers to: 01 Discover Models 02 Govern Models 03 Connect & Deploy Models © JFrog, 2026. All Rights Reserved.

  31. Slide 31: Our Partnership with Hugging Face

    Our Partnership with Hugging Face Helping secure the world’s most popular model hub 2M+ scanned models in public repositories 400+ models contained malicious behavior 60+ models contained OS- agnostic reverse shell malware © JFrog, 2026. All Rights Reserved.

  32. Slide 32: JFrog DevGovOps (Governance & Compliance)

    JFROG DEVGOVOPS (GOVERNANCE & COMPLIANCE) © JFrog, 2026. All Rights Reserved.

  33. Slide 33: JFrog AppTrust

    JFrog AppTrust Application Context ● Complete application overview ● Clear ownership ● Business context ● SBOM ● Version lifecycle management Evidence-Based Control Points ● Gates -trigger alerts as early as needed, block as late as you prefer Certify releases with “Trusted Release” badge ● Policy a

  34. Slide 34: E2E DevGovOps

    E2E DevGovOps With JFrog AppTrust Evidence-Based From Code Control Gates, Natively Unified Policy To Consumer Throughout SDLC Integrated Engine Cross-platform © JFrog, 2026. All Rights Reserved.

  35. Slide 35: How is Trust Achieved?

    How is Trust Achieved? Clear application entity and overview Evidence-based policies acting as strategic gates across the SDLC Application versions that comply with defined policies are marked “Trusted” Post-release monitoring for new CVEs to ensure continued trust Application Application Resource C

  36. Slide 36: JFrog Cloud

    JFROG CLOUD © JFrog, 2026. All Rights Reserved.

  37. Slide 37: Fit-For-Purpose Cloud Freedom

    Fit-For-Purpose Cloud Freedom SaaS | Multi-cloud | Hybrid | Self-managed PETABYTES of monthly data transfer SCALABLE MULTI-CLOUD workloads that meet flexibility and vendor THOUSANDS customer’s hybrid needs freedom for customers of concurrent requests Architected for flexibility, scale, performance a

  38. Slide 38: Strategic Partners & Collaborations

    JFROG STRATEGIC PARTNERS & COLLABORATIONS © JFrog, 2026. All Rights Reserved.

  39. Slide 39: JFrog <> NVIDIA

    JFrog <> NVIDIA Enterprise approved NVIDIA Enhanced Security and Optimized Performance NIM consumption Compliance and Flexibility • Artifactory as the single source of • Continuous security and secrets • Local hosting minimizes internet truth aligns NIM consumption with scanning across NIM models do

  40. Slide 40: JFrog <> GitHub – One Platform Experience

    JFrog <> GitHub – One Platform Experience • Simplified SSO setup, Identity & Access Management “ • Traceability of binaries to source code Risk Reduction, Tool Consolidation, • Copilot-driven Agentic Coding and JFrog’s technical chops & Remediation and strategic alignment with our product vision Imp

  41. Slide 41: JFrog Customer Wins

    JFROG CUSTOMER WINS © JFrog, 2026. All Rights Reserved.

  42. Slide 42: Customer Success

    Customer Success Challenge JFrog Solution RESULTS FORTUNE 100 ● Migrate to the cloud ● Consolidate security JFrog Cloud Enterprise+ provides an end- to-end platform to modernize and secure their Software Supply Chain 1.1M ● Achieve traceability from Artifacts successfully migrated to AUTOMOTIVE COMP

  43. Slide 43: Voice Of Customer: Why We Win

    Voice Of Customer: Why We Win EXISTING WHY CUSTOMERS JFROG’S DIFFERENTIATED OFFERINGS CHOOSE JFROG PLATFORM HOME-GROWN / ✓ Addresses enterprise-level complexity and scale IN-HOUSE APPROACH ✓ Flexible and easy to use ✓ Unique focus on software ✓ Strong ecosystem integration artifacts as system of rec

  44. Slide 44: JFrog Drives Global Industries

    JFrog Drives Global Industries JFrog Enterprise+ will provide us with an ideal JFrog Enterprise+ increases developer setup that will allow us to meet our rigorous productivity and eliminates frustration. JFrog JFROG requirements from the get go. It's advanced Distribution is basically a CDN On-Prem

  45. Slide 45: JFrog The Numbers

    JFROG THE NUMBERS © JFrog, 2026. All Rights Reserved.

  46. Slide 46: Consistent Revenue Growth

    Consistent Revenue Growth Total Revenue $MM 163.8 165.0 154.0 145.3 22% 650,000 136.9 Growth 122.4 127.2 116.1 24% 531,840 109.1 Growth 100.3 103.0 428,489 FY'24 FY'25 FY'26 (1) (1) Based on the midpoint of our total revenue guidance for FY’26 (2) Based on the midpoint of our total revenue guidance

  47. Slide 47: High Net & Gross Dollar Retention

    High NET & Gross Dollar Retention Trailing 4-Quarter Average NDRR(1) 121% 120% 119% 97% 118% 118% Gross Dollar Retention Rate(2) Q2'25 Q3'25 Q4'25 Q1'26 Q2'26 (1) Our net dollar retention rate compares our annual recurring revenue (“ARR”) from the same set of customers across comparable periods. Our

  48. Slide 48: Land & Expand in Action

    LAND & EXPAND IN ACTION Fortune 100 Automotive Company Fortune 100 Healthcare Company ARR ($ Thousands) ARR ($ Thousands) 4,203 10,250 10,261 3,429 2,494 2,667 213 247 225 229 341 303 1 16 46 48 102 64 86 94 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2016 2017 2018 2019 2020 2021 2022 2023 20

  49. Slide 49: Consistent Expansion

    CONSISTENT EXPANSION ARR 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

  50. Slide 50: Enterprise+ Platform Adoption

    ENTERPRISE+ PLATFORM ADOPTION Percent of Revenue from Enterprise Plus Subscriptions 97M 89M 59% 83M 58% 76M 57% 67M 70M 56% 62M 55% 55% 55M 54% 49M 51M 47M 50% 49% 50% 49% Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q1-25 Q2-25 Q3-25 Q4-25 Q1-26 Q2-26 © JFrog, 2026. All Rights Reserved.

  51. Slide 51: Investor Relations | LT Target Model

    Investor Relations | LT Target Model ($ in millions) FY25A FY26E FY27E Revenue $531.8 $648 - 652 $775 - 825 Gross Margin 83.3% 82.0 – 83.0% ~80.0% Operating Margin 17.3% 17.9% -18.4% 21.0-23.0% Free-Cash-Flow $ $142.3 $154 - $158 $200-240 Free-Cash-Flow Margin 26.7% 24.0% 26.0-29.0% ***Model Issued

  52. Slide 52: May the Frog Be With You!

    MAY THE FROG BE WITH YOU! © JFrog, 2026. All Rights Reserved.

  53. Slide 53: GAAP to Non-GAAP Reconciliations

    GAAP to NON-GAAP Reconciliations Gross Profit and Margin Three Months Ended Six Months Ended (In $000) June 30, June 30, 2026 2025 2026 2025 Reconciliation of gross profit and gross margin GAAP gross profit $ 127,620 $ 97,018 $ 247,997 $ 189,244 Plus: Share-based compensation expense 4,076 4,209 8,1

  54. Slide 54: GAAP to Non-GAAP Reconciliations

    GAAP to NON-GAAP Reconciliations Operating Expenses Three Months Ended Six Months Ended (In $000) June 30, June 30, 2026 2025 2026 2025 Reconciliation of operating expenses GAAP research and development $ 54,028 $ 47,424 $ 105,840 $ 90,759 Less: Share-based compensation expense (13,981) (14,186) (28

  55. Slide 55: GAAP to Non-GAAP Reconciliations

    GAAP to NON-GAAP Reconciliations Operating Income (Loss) and Margin Three Months Ended Six Months Ended (In $000) June 30, June 30, 2026 2025 2026 2025 Reconciliation of operating income (loss) and operating margin GAAP operating loss $ (13,249) $ (25,971) $ (26,180) $ (48,941) Plus: Share-based com

  56. Slide 56: GAAP to Non-GAAP Reconciliations

    GAAP to NON-GAAP Reconciliations Free Cash Flow Three Months Ended Six Months Ended (In $000) March 31, June 30, 2026 2025 2026 2025 Reconciliation of free cash flow Net cash provided by operating activities $ 57,056 $ 36,085 $ 95,412 $ 64,877 Less: purchases of property and equipment (3,307) (627)

JFrog — Q2 2026 Earnings Presentation on 6ix