FROGJFrog Ltd
Services-Prepackaged Software
- Revenue
- $532M
- 24% YoY
- Operating margin
- -17.3%
- 19% YoY
- EBITDA
- −$67M
- 3.3% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired29% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear25% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $207M | $280M | $350M | $428M | $532M | 24% |
| Operating income | −$68M | −$90M | −$76M | −$91M | −$92M | 0.8% |
| Net income | −$64M | −$90M | −$61M | −$69M | −$72M | 3.7% |
| Operating cash flow | $28M | $21M | $74M | $111M | $146M | 31% |
| Capex | $4M | $4M | $2M | $3M | $3M | 10% |
| Stock-based comp | $57M | $69M | $95M | $131M | $157M | 19% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $32M · 36
- Net
- −$32M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $17M | $39M | 99 | 248 |
| FY2024 | $10M | $9M | 47 | 201 |
| FY2023 | $7M | $15M | 55 | 148 |
| FY2022 | $4M | $4M | 34 | 95 |
| FY2021 | $3M | −$11M | 47 | 133 |