v3.25.3

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 78,355	$ 49,869
Short- term investments	572,703	472,138
Accounts receivable, net	104,404	90,712
Deferred contract acquisition costs	19,593	16,465
Prepaid expenses and other current assets	25,115	20,043
Total current assets	800,170	649,227
Property and equipment, net	5,692	5,668
Deferred contract acquisition costs, noncurrent	28,562	25,029
Operating lease right-of-use assets	11,148	14,202
Intangible assets, net	44,581	60,826
Goodwill	371,512	371,512
Other assets, noncurrent	3,867	3,442
Total assets	1,265,532	1,129,906
Current liabilities:
Accounts payable	17,221	10,649
Accrued expenses and other current liabilities	62,306	51,885
Operating lease liabilities	7,056	7,794
Deferred revenue	281,029	247,187
Total current liabilities	367,612	317,515
Deferred revenue, noncurrent	27,751	27,060
Operating lease liabilities, noncurrent	4,092	6,182
Other liabilities, noncurrent	6,659	5,623
Total liabilities	406,114	356,380
Commitments and contingencies (Note 10)
Shareholders' equity:
Preferred shares, NIS 0.01 par value per share; 50,000,000 shares authorized; 0 issued and outstanding as of September 30, 2025 and December 31, 2024	0	0
Ordinary shares, NIS 0.01 par value per share, 500,000,000 shares authorized; 118,304,341 and 112,754,822 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively	331	315
Additional paid-in capital	1,269,810	1,132,224
Accumulated other comprehensive income	5,554	655
Accumulated deficit	(416,277)	(359,668)
Total shareholders' equity	859,418	773,526
Total liabilities and shareholders' equity	$ 1,265,532	$ 1,129,906

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

JFrog Ltd 10-Q