Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>JFrog, a company specialized in enterprise software supply chain solutions, reported second quarter 2026 revenues of $163.8 million, marking 29% year-over-year growth and surpassing the high end of guidance across all key metrics.</li><li>The company demonstrated significant momentum in its cloud business, which grew 53% year-over-year to $87.5 million and now represents over half of total revenues, an increase from 45% a year ago.</li><li>This growth was driven by higher secure binary consumption and customer adoption tied to accelerating AI-driven software development, resulting in increased volumes of binaries managed on JFrog’s platform.</li></ul>

JFrog, a company specialized in enterprise software supply chain solutions, reported second quarter 2026 revenues of $163.8 million, marking 29% year-over-year growth and surpassing the high end of guidance across all key metrics.The company demonstrated significant momentum in its cloud business, which grew 53% year-over-year to $87.5 million and now represents over half of total revenues, an increase from 45% a year ago.This growth was driven by higher secure binary consumption and customer adoption tied to accelerating AI-driven software development, resulting in increased volumes of binaries managed on JFrog’s platform.

JFrog’s Enterprise Powerhouse: Million-Dollar Customers Jump 59% As Platform Adoption Deepens!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/jfrog-ltd">JFrog</a> is a leader in the DevOps space, providing a critical platform for managing the software supply chain, with its Artifactory product being a key component for developers.</li>
  <li>The company is experiencing rapid growth in its cloud-based offerings, with cloud revenues increasing by 50% year-over-year, indicating a successful transition to a SaaS-centric model.</li>
  <li>While demonstrating strong revenue growth and positive free cash flow, <a href="https://smartkarma.com/entities/jfrog-ltd">JFrog</a> remains unprofitable on a GAAP basis and faces intense competition from larger technology players and specialized DevOps vendors.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
JFrog is a leader in the DevOps space, providing a critical platform for managing the software supply chain, with its Artifactory product being a key component for developers.
  The company is experiencing rapid growth in its cloud-based offerings, with cloud revenues increasing by 50% year-over-year, indicating a successful transition to a SaaS-centric model.
  While demonstrating strong revenue growth and positive free cash flow, JFrog remains unprofitable on a GAAP basis and faces intense competition from larger technology players and specialized DevOps vendors.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul><li>JFrog Ltd. reported strong financial and operational performance for the first quarter of 2026, demonstrating continued growth momentum driven largely by accelerated cloud adoption and increased demand for software supply chain security solutions amid rising AI integration.</li><li>The company delivered total revenue of $154 million, marking a 26% year-over-year increase.</li><li>Cloud revenues, now constituting 51% of total revenues, grew 50% year-over-year to $78.9 million, reflecting a significant shift toward JFrog’s cloud-first platform.</li></ul>

JFrog Ltd. reported strong financial and operational performance for the first quarter of 2026, demonstrating continued growth momentum driven largely by accelerated cloud adoption and increased demand for software supply chain security solutions amid rising AI integration.The company delivered total revenue of $154 million, marking a 26% year-over-year increase.Cloud revenues, now constituting 51% of total revenues, grew 50% year-over-year to $78.9 million, reflecting a significant shift toward JFrog’s cloud-first platform.

JFrog’s Silent Shift: Cloud, Security & Enterprise Plus Drive The Platform Higher!

<ul><li>JFrog, a company specializing in DevOps and software supply chain management, announced its financial results for Q4 and fiscal 2025, exhibiting strong growth in multiple areas, notably in cloud revenue and security solutions.</li><li>For fiscal year 2025, JFrog reported total revenue of $531.8 million, representing a 24% increase year-over-year.</li><li>A significant contributor to this growth was cloud revenue, which increased by 45% year-over-year to $243.3 million.</li></ul>

JFrog, a company specializing in DevOps and software supply chain management, announced its financial results for Q4 and fiscal 2025, exhibiting strong growth in multiple areas, notably in cloud revenue and security solutions.For fiscal year 2025, JFrog reported total revenue of $531.8 million, representing a 24% increase year-over-year.A significant contributor to this growth was cloud revenue, which increased by 45% year-over-year to $243.3 million.

JFrog’s Platform Strategy Is Maturing—The Key Question Is How Large the Enterprise Opportunity Is!

<ul><li>JFrog's third-quarter 2025 financial results indicate a promising landscape with robust revenue growth, but also highlight some challenges and uncertainties.</li><li>The company reported total revenue of $136.9 million, representing a 26% increase compared to the same period last year.</li><li>This growth is supported by a significant rise in cloud revenue, which climbed 50% year-over-year to $63.4 million.</li></ul>

JFrog's third-quarter 2025 financial results indicate a promising landscape with robust revenue growth, but also highlight some challenges and uncertainties.The company reported total revenue of $136.9 million, representing a 26% increase compared to the same period last year.This growth is supported by a significant rise in cloud revenue, which climbed 50% year-over-year to $63.4 million.

Jfrog: How Its Cloud Strategy Is Quietly Becoming a Revenue Machine!

United States

JFrog Ltd operates as a software development company. The Company provides technologies and tools for the everyday use and to increase the effectiveness. JFrog serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

JFrog (FROG US)

JFrog’s Enterprise Powerhouse: Million-Dollar Customers Jump 59% As Platform Adoption Deepens!

JFrog, a company specialized in enterprise software supply chain solutions, reported second quarter 2026 revenues of $163.8 million, marking 29%...

Baptista Research

Primer: JFrog (FROG US) - Aug 2026

JFrog is a leader in the DevOps space, providing a critical platform for managing the software supply chain, with its Artifactory product being...

αSK Primers

JFrog’s Silent Shift: Cloud, Security & Enterprise Plus Drive The Platform Higher!

JFrog Ltd. reported strong financial and operational performance for the first quarter of 2026, demonstrating continued growth momentum driven...

Baptista Research

JFrog’s Platform Strategy Is Maturing—The Key Question Is How Large the Enterprise Opportunity Is!

JFrog, a company specializing in DevOps and software supply chain management, announced its financial results for Q4 and fiscal 2025, exhibiting...

Baptista Research

Jfrog: How Its Cloud Strategy Is Quietly Becoming a Revenue Machine!

JFrog's third-quarter 2025 financial results indicate a promising landscape with robust revenue growth, but also highlight some challenges and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)