JFrog Ltd
For the period ended Dec 31, 2024. Filed Feb 14, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 14, 2025
FROG$103.55-4.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net loss | $(69,236) | $(61,256) | $(90,184) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 21,460 | 15,303 | 14,655 |
| Share-based compensation expense | 131,106 | 95,171 | 68,661 |
| Non-cash operating lease expense | 8,389 | 8,457 | 7,357 |
| Net amortization of premium or discount on investments | (6,566) | (6,405) | 2,354 |
| Losses (gains) on foreign exchange | 642 | (421) | 1,799 |
| Changes in operating assets and liabilities, net of effects of business combinations: | |||
| Accounts receivable | (13,512) | (14,109) | (11,186) |
| Prepaid expenses and other assets | (7,821) | 2,162 | 9,286 |
| Deferred contract acquisition costs | (12,084) | (7,807) | (7,212) |
| Accounts payable | (7,317) | 1,705 | 4,102 |
| Accrued expenses and other liabilities | 13,839 | 10,681 | 2,242 |
| Operating lease liabilities | (8,107) | (7,716) | (9,058) |
| Deferred revenue | 60,131 | 38,390 | 28,609 |
| Net cash provided by operating activities | 110,924 | 74,155 | 21,425 |
| Cash flows from investing activities: | |||
| Purchases of short-term investments | (513,591) | (392,406) | (411,242) |
| Maturities of short-term investments | 409,914 | 336,883 | 353,079 |
| Sales of short-term investments | 98,178 | 4,029 | 9,632 |
| Purchases of property and equipment | (3,143) | (1,982) | (4,328) |
| Payments for business combinations, net of cash acquired | (156,714) | — | (179) |
| Purchases of intangible asset | — | — | (300) |
| Net cash used in investing activities | (165,356) | (53,476) | (53,338) |
| Cash flows from financing activities: | |||
| Proceeds from exercise of share options | 10,352 | 9,985 | 5,922 |
| Proceeds from employee share purchase plan | 8,744 | 6,665 | 5,176 |
| Proceeds from employee equity transactions, net of payments to tax authorities | 2,135 | 1,721 | (71) |
| Net cash provided by financing activities | 21,231 | 18,371 | 11,027 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (949) | 120 | (2,047) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (34,150) | 39,170 | (22,933) |
| Cash, cash equivalents, and restricted cash—beginning of period | 84,777 | 45,607 | 68,540 |
| Cash, cash equivalents, and restricted cash—end of period | $50,627 | $84,777 | $45,607 |
| Supplemental disclosure of cash flow information: | |||
| Income tax payments (refunds) | $4,240 | $4,998 | $(1,709) |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Purchase of property and equipment during the period included in accounts payable | $60 | $187 | $91 |
| Fair value of ordinary shares issued as consideration for business combination | $13,420 | $— | $— |
| Fair value of replacement awards in business combination | $375 | $— | $— |
| Reconciliation of cash, cash equivalents, and restricted cash within the Consolidated Balance Sheets to the amounts shown in the Consolidated Statements of Cash Flows above: | |||
| Cash and cash equivalents | $49,869 | $84,765 | $45,595 |
| Restricted cash included in prepaid expenses and other current assets | 758 | 12 | 12 |
| Total cash, cash equivalents, and restricted cash | $50,627 | $84,777 | $45,607 |
JFrog Ltd.
Notes to Consolidated Financial Statements
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.