JFrog (FROG) EBITDA Margin (2019 - 2026)
JFrog's EBITDA Margin came in at -4.71% for Q2 2026, up 10.56 percentage points from -15.26% a year earlier and up 0.08 percentage points from the prior quarter.
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Analysis
JFrog (FROG) EBITDA Margin (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, JFrog reported EBITDA Margin of -7.79%, up 8.46 percentage points year-over-year; for FY2025, it was -12.66%, up 3.59 percentage points from FY2024.
- EBITDA Margin has increased in each of the last four years, though with a five-year change of -5.68 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -16.25% in FY2024 (+0.97 pp), -17.22% in FY2023 (+9.63 pp), -26.85% in FY2022 (+2.00 pp) and -28.85% in FY2021 (-21.86 pp).
- The Q2 2026 figure represents the highest quarterly EBITDA Margin since Q2 2020.
- Year-over-year, EBITDA Margin has increased for four consecutive quarters, with an average year-over-year change of +2.95 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q4 2023 (a gain of 15.50 percentage points), and the weakest in Q3 2021 (a drop of 21.76 percentage points).
- Business Quant data shows FROG's EBITDA Margin at -4.79% (Q1 2026), -10.84% (Q4 2025) and -11.63% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 316.55 Bn | 301.63 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 269.03 Bn | 249.47 Bn | 1.10 Bn | 11.58% |
| 3 | Fortinet | 129.08 Bn | 115.01 Bn | 1.64 Bn | 40.40% |
| 4 | Snowflake | 116.42 Bn | 103.73 Bn | 1.04 Bn | -8.70% |
| 5 | Datadog | 96.40 Bn | 78.04 Bn | 881.34 Mn | 4.19% |
| 6 | Okta | 34.24 Bn | 24.34 Bn | 641.00 Mn | 20.62% |
| 7 | Axon Enterprise | 34.08 Bn | 28.61 Bn | 546.45 Mn | 8.76% |
| 8 | Zscaler | 32.34 Bn | 18.46 Bn | - | - |
| 9 | Baidu | 29.50 Bn | -44.13 Bn | 1.47 Mn | - |
| 10 | JFrog | 11.12 Bn | 8.20 Bn | 127.62 Mn | -4.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.71% |
| Mar 31, 2026 | -4.79% |
| Dec 31, 2025 | -10.84% |
| Sep 30, 2025 | -11.63% |
| Jun 30, 2025 | -15.26% |
| Mar 31, 2025 | -13.28% |
| Dec 31, 2024 | -15.99% |
| Sep 30, 2024 | -21.04% |
| Jun 30, 2024 | -14.85% |
| Mar 31, 2024 | -12.80% |
| Dec 31, 2023 | -11.91% |
| Sep 30, 2023 | -16.04% |
| Jun 30, 2023 | -17.91% |
| Mar 31, 2023 | -24.26% |
| Dec 31, 2022 | -27.42% |
| Sep 30, 2022 | -27.42% |
| Jun 30, 2022 | -27.78% |
| Mar 31, 2022 | -24.52% |
| Dec 31, 2021 | -32.08% |
| Sep 30, 2021 | -33.25% |
API Access
JFrog EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=FROG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "FROG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=FROG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();