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Business Combinations | 12 Months Ended
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Dec. 31, 2025
Business Combination [Abstract] |
Business Combinations | 8. Business Combinations On July 9, 2024, the Company acquired all outstanding shares of Qwak AI Ltd. (“Qwak”), a privately-held company based in Israel, which offers an end-to-end platform for deploying, monitoring, and managing machine learning models at scale. The acquisition is expected to enhance the Company’s machine learning model management capabilities, enabling users to streamline the machine learning model lifecycle from development to deployment. The purchase consideration consisted of the following:
|  | Fair Value |
|  | (in thousands, except share) |
Cash |  | $ | 163,686 |
JFrog’s ordinary shares (377,181 shares) |  |  | 13,420 |
Replacement restricted share units (1) |  |  | 375 |
Total |  | $ | 177,481 |
_________________________________________ (1) The replacement restricted share units (“RSU”) had a total fair value of $8.9 million, of which $0.4 million attributable to pre-acquisition service was part of the purchase consideration. The remaining $8.5 million is recognized as share-based compensation expense over the vesting period of approximately 4 years. The acquisition also included a holdback arrangement with certain employees of Qwak, totaling $17.0 million in cash and 754,360 of the Company’s ordinary shares with a fair value of $26.8 million. The consideration will vest in three equal annual installments on the anniversary of the acquisition date. In addition, the Company agreed to pay retention bonuses of approximately $2.2 million to Qwak continuing employees over 2 years from the acquisition date. Because the vesting of holdback shares and payout of the holdback cash consideration and the retention bonuses are subject to continued employment, they are recognized as share-based compensation expense and acquisition-related expense, respectively, over the requisite service periods. The following table summarizes the fair value of assets acquired and liabilities assumed:
|  | July 9, 2024 |
|  | (in thousands) |
Cash, cash equivalents and restricted cash |  | $ | 6,972 |
Other current assets |  |  | 826 |
Intangible assets |  |  | 52,636 |
Goodwill |  |  | 123,557 |
Other noncurrent assets |  |  | 118 |
Current liabilities |  |  | (2,252 | )
Deferred tax liabilities, net |  |  | (4,376 | )
Total purchase consideration |  | $ | 177,481 |
Goodwill is primarily attributable to expected synergies arising from expanded product and service offerings. Goodwill is not deductible for income tax purposes. The following table presents components of the identified intangible assets acquired and their estimated useful lives as of the date of acquisition:
|  | Fair Value |  |  | Useful Life |
|  | (in thousands) |  |  | (in years) |
Developed technology |  | $ | 48,662 |  |  |  | 5.0 |
Customer relationships |  |  | 3,974 |  |  |  | 1.0 |
Total intangible assets acquired |  | $ | 52,636 |  |  |  |
The results of operations of Qwak have been included in the Company’s consolidated financial statements since the date of the acquisition. Pro forma results of operations are not presented because the impact of the acquisition is not material to the Company’s consolidated financial statements.

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