      cloudedjudgement.substack.com · 2020-08-24
      · 2110d
    

JFrog: Benchmarking the S-1 Data

This article provides a comprehensive financial analysis of JFrog's S-1 IPO filing, benchmarking the company's key metrics (revenue growth, gross margin, Rule of 40, NRR, CAC payback) against 50+ public SaaS comparables. The author predicts JFrog will trade at approximately 39x NTM revenue ($7B valuation) based on top-quartile operating metrics and financial health indicators.

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Metrics in this report

JFrog LTM Revenue

128million USD

JFrog pre-IPO (Aug 2020)

JFrog LTM Revenue Growth

57percent

JFrog pre-IPO (Aug 2020)

JFrog Predicted Valuation Multiple

39x NTM Revenue

JFrog IPO valuation prediction

LTM Revenue Growth

31percent

median

Public SaaS companies at IPO (Aug 2020 cohort)

LTM Revenue Growth

45percent

top-quartile

Public SaaS companies at IPO (Aug 2020 cohort)

SaaS Valuation Multiple Range

30-43x NTM Revenue

top-10 companies

Public SaaS sector (Aug 2020)