NEW YORK, December 31, 2025, 12:50 ET — Regular session
- JFrog shares slid about 3% in midday trade, extending a late-year pullback from December highs.
- Broader U.S. stocks edged lower in thin year-end trading, with tech weighing on the tape.
- Investors are watching JFrog’s next earnings update for signals on cloud growth and 2026 demand.
JFrog Ltd (FROG.O) shares fell 3.2% to $63.35 by midday in New York, after opening at $65.24 and hitting an intraday low of $62.72. The stock was trading in a $62.72 to $65.53 range.
The move came as U.S. equities drifted lower in holiday-thinned trading on the final session of 2025, with technology stocks among the heavier weights. “Describing 2025 as ‘resilient’ might be an understatement,” Adam Turnquist, chief technical strategist at LPL Financial, said. Reuters
Benchmark ETFs tracking the S&P 500 and Nasdaq were both modestly lower, underscoring a subdued risk tone into year-end positioning.
JFrog’s decline outpaced several software peers in midday trading. GitLab slipped 1.3%, while Datadog and Atlassian were little changed.
JFrog, which sells tools for managing and securing software “artifacts” — the packaged code developers ship into production — last reported results on Nov. 6. The company posted third-quarter revenue of $136.9 million, up 26% from a year earlier, and forecast full-year 2025 revenue of $523 million to $525 million. JFrog Investor Relations
At roughly $7.9 billion in market value, JFrog trades at about 15 times its own forecast 2025 revenue, a valuation that can amplify daily swings when rates and growth expectations shift.
The stock has gained about 116% over the past year and has traded between $27.00 and $70.43 over the last 52 weeks, leaving it roughly 10% below its high even after the latest pullback.
The next hard catalyst on the calendar is earnings. Nasdaq’s earnings page lists Feb. 12, 2026 as the estimated report date, a focal point for investors looking for updated commentary on budget cycles and renewal trends.
When JFrog reports, investors will be parsing cloud revenue growth and customer expansion. They will also watch annual recurring revenue (ARR) — essentially an annualized subscription run-rate — because it is a key yardstick for subscription software momentum.
Traders are also watching whether the late-year drift in tech turns into broader profit-taking into the close, or whether buyers step back in after the stock’s December run.
For JFrog, the near-term debate is straightforward: whether demand for software supply-chain security and governance tools keeps pace with the premium multiple investors have been willing to pay.
