JFrog Stock Jumps 35% as Third-Quarter Revenue Rises 31% and Cloud Sales Climb 60%

JFrog (Nasdaq: FROG) shares jumped 35.3% on Friday, closing at $100.98 from a previous close of $74.62, a day after the software company reported third-quarter 2026 results. The S&P 500 ETF (SPY) rose 0.31% in the same session, and FROG traded on about 3.8 times its normal volume.

The results were disclosed in an 8-K filed Nov. 5, with the press release attached as Exhibit 99.1. Total revenue rose 31% to $179.2 million. Cloud revenue rose 60% to $101.5 million and made up 57% of total revenue, up from 46% a year earlier.

Profit improved from a year earlier

The GAAP operating loss narrowed to $1.8 million from $21.6 million in the third quarter of 2025. Non-GAAP operating income was $40.7 million, a 22.7% margin. Non-GAAP diluted earnings per share were $0.32, while GAAP diluted earnings per share were $0.05, compared with a loss of $0.14 a year earlier.

Outlook and cash position

JFrog guided fourth-quarter revenue to $183 million to $185 million and full-year 2026 revenue to $680 million to $682 million. Full-year non-GAAP operating income is expected at $142.5 million to $144.5 million. Free cash flow was $66.5 million in the quarter, and cash and investments together totaled $880.9 million as of Sept. 30. Remaining performance obligations reached $812.4 million, up 60% year over year. Net dollar retention for the trailing four quarters was 124%, up from 118% a year earlier.

Management's view

Chief Executive Shlomi Ben Haim said the quarter reflected growing enterprise standardization on the JFrog Platform as a system of record for the software supply chain. The release does not tie the share move to any single item beyond these results.