JFrog Ltd. (FROG) SEC Filings & Earnings Calls

Geopolitical Risk (Israel-based operations)

“The filing details multiple military conflicts involving Israel, Iran, and Hezbollah, and notes that while no material impact has occurred to date, the situation remains volatile.”

Revenue Growth Deceleration Risk

“The filing states that revenue growth rate may decline in future periods due to market penetration, competition, or macroeconomic conditions.”

History of losses and rapid growth may strain operations.

“risks associated with managing our rapid growth; our history of losses” · word for word

Security breach or product vulnerability could impact trust.

“risk of a security breach incident or product vulnerability” · word for word

Geopolitical risk (Israel operations)

“Although we are domiciled in Israel, we are a global, cloud-based company with operations spanning numerous countries” · word for word

History of losses

“We incurred a net loss of $71.8 million and $69.2 million in the years ended December 31, 2025 and 2024, respectively” · word for word

Competition and market maturity

“The markets for our products are maturing and may evolve more slowly or differently than we expect” · word for word

Geopolitical risk (Israel-based operations)

“Our robust business continuity planning ensured that we had zero disruptions in operations during difficult geopolitical days” · word for word

Competitive pressure in DevOps/DevSecOps market

“our ability to compete in the markets in which we participate” · word for word

No obligation to repurchase any specific amount; program may be suspended or terminated.

“The Company is not obligated to purchase any dollar amount or particular number of shares. The repurchases may be suspended, terminated or modified at any time.” · word for word

Sustained losses and accumulated deficit

“We incurred a net loss of $71.8 million, $69.2 million and $61.3 million in the years ended December 31, 2025, 2024 and 2023, respectively. As a result, we had an accumulated deficit of $431.5 million as of December 31, 2025.” · word for word

Revenue growth deceleration risk

“Our recent results may not be indicative of our future performance, and we may not be able to sustain our revenue growth rate in the future.” · word for word

Competition from larger players

“Many of our competitors have greater financial, technical, and other resources, greater brand recognition, larger sales forces and marketing budgets, broader distribution networks, diverse product and services offerings, and larger and more mature intellectual property portfolios.” · word for word

Geopolitical risk from Middle East conflict

“While certain of our employees and consultants have been called into military service, there has been no major interruption or material adverse impact on our operating results as of the date of this Quarterly Report on Form 10-Q.” · word for word

Revenue growth deceleration

“Even if our revenue continues to increase, we expect our revenue growth rate to decline in future periods.” · word for word

GAAP operating loss persists despite strong non-GAAP profitability

“GAAP Operating Loss was ($21.6) million; GAAP Operating Margin was (15.8%).” · word for word