JFrog Ltd. reported third quarter 2026 financial results that significantly exceeded analyst expectations, driven by an acceleration in cloud-based revenue and strong adoption of its Enterprise+ platform. The company saw robust demand for its software supply chain security solutions, leading to a substantial increase in high-value enterprise contracts.
Key Highlights
- Total revenue reached $179.2 million, a 31% increase year-over-year, outperforming the consensus estimate of $159.1 million.
- Cloud revenue surged 60% year-over-year to $101.5 million, now representing 57% of total revenue compared to 46% in the prior year.
- Large customer momentum remained strong, with customers generating over $1 million in ARR growing 58% year-over-year to 112 accounts.
- Net Dollar Retention (NDR) for the trailing four quarters improved to 124%, up from 118% in the year-ago period.
- Remaining Performance Obligations (RPO) grew 60% year-over-year to $812.4 million, indicating healthy long-term commitment from enterprise clients.