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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and JFrog Ltd (FROG). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $139.2M, roughly 1.0× ADMA BIOLOGICS, INC.). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs -10.5%, a 46.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 18.4%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $34.6M). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 20.4%).
ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.
JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.
ADMA vs FROG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $139.2M | $145.3M |
| Net Profit | $49.4M | $-15.2M |
| Gross Margin | 63.8% | 77.9% |
| Operating Margin | 45.1% | -14.7% |
| Net Margin | 35.5% | -10.5% |
| Revenue YoY | 18.4% | 25.2% |
| Net Profit YoY | -55.9% | 34.4% |
| EPS (diluted) | $0.20 | $-0.13 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $139.2M | $145.3M | ||
| Q3 25 | $134.2M | $136.9M | ||
| Q2 25 | $122.0M | $127.2M | ||
| Q1 25 | $114.8M | $122.4M | ||
| Q4 24 | $117.5M | $116.1M | ||
| Q3 24 | $119.8M | $109.1M | ||
| Q2 24 | $107.2M | $103.0M | ||
| Q1 24 | $81.9M | $100.3M |
| Q4 25 | $49.4M | $-15.2M | ||
| Q3 25 | $36.4M | $-16.4M | ||
| Q2 25 | $34.2M | $-21.7M | ||
| Q1 25 | $26.9M | $-18.5M | ||
| Q4 24 | $111.9M | $-23.2M | ||
| Q3 24 | $35.9M | $-22.9M | ||
| Q2 24 | $32.1M | $-14.3M | ||
| Q1 24 | $17.8M | $-8.8M |
| Q4 25 | 63.8% | 77.9% | ||
| Q3 25 | 56.3% | 77.4% | ||
| Q2 25 | 55.1% | 76.3% | ||
| Q1 25 | 53.2% | 75.3% | ||
| Q4 24 | 53.9% | 75.4% | ||
| Q3 24 | 49.8% | 75.0% | ||
| Q2 24 | 53.6% | 78.8% | ||
| Q1 24 | 47.8% | 79.5% |
| Q4 25 | 45.1% | -14.7% | ||
| Q3 25 | 38.0% | -15.8% | ||
| Q2 25 | 35.1% | -20.4% | ||
| Q1 25 | 30.4% | -18.8% | ||
| Q4 24 | 32.6% | -21.9% | ||
| Q3 24 | 33.1% | -27.4% | ||
| Q2 24 | 36.6% | -18.6% | ||
| Q1 24 | 26.7% | -16.6% |
| Q4 25 | 35.5% | -10.5% | ||
| Q3 25 | 27.1% | -12.0% | ||
| Q2 25 | 28.1% | -17.0% | ||
| Q1 25 | 23.4% | -15.1% | ||
| Q4 24 | 95.2% | -20.0% | ||
| Q3 24 | 30.0% | -21.0% | ||
| Q2 24 | 29.9% | -13.9% | ||
| Q1 24 | 21.7% | -8.8% |
| Q4 25 | $0.20 | $-0.13 | ||
| Q3 25 | $0.15 | $-0.14 | ||
| Q2 25 | $0.14 | $-0.19 | ||
| Q1 25 | $0.11 | $-0.16 | ||
| Q4 24 | $0.45 | $-0.21 | ||
| Q3 24 | $0.15 | $-0.21 | ||
| Q2 24 | $0.13 | $-0.13 | ||
| Q1 24 | $0.08 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $87.6M | $704.4M |
| Total DebtLower is stronger | $72.1M | — |
| Stockholders' EquityBook value | $477.3M | $887.4M |
| Total Assets | $624.2M | $1.3B |
| Debt / EquityLower = less leverage | 0.15× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $87.6M | $704.4M | ||
| Q3 25 | $61.4M | $651.1M | ||
| Q2 25 | $90.3M | $611.7M | ||
| Q1 25 | $71.6M | $563.5M | ||
| Q4 24 | $103.1M | $522.0M | ||
| Q3 24 | $86.7M | $467.8M | ||
| Q2 24 | $88.2M | $591.3M | ||
| Q1 24 | $45.3M | $579.6M |
| Q4 25 | $72.1M | — | ||
| Q3 25 | $72.4M | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $72.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $477.3M | $887.4M | ||
| Q3 25 | $431.2M | $859.4M | ||
| Q2 25 | $398.3M | $826.5M | ||
| Q1 25 | $373.4M | $800.0M | ||
| Q4 24 | $349.0M | $773.5M | ||
| Q3 24 | $231.9M | $756.2M | ||
| Q2 24 | $188.3M | $721.4M | ||
| Q1 24 | $153.7M | $707.8M |
| Q4 25 | $624.2M | $1.3B | ||
| Q3 25 | $568.7M | $1.3B | ||
| Q2 25 | $558.4M | $1.2B | ||
| Q1 25 | $510.6M | $1.2B | ||
| Q4 24 | $488.7M | $1.1B | ||
| Q3 24 | $390.6M | $1.1B | ||
| Q2 24 | $376.4M | $1.0B | ||
| Q1 24 | $350.9M | $997.1M |
| Q4 25 | 0.15× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.21× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.6M | $50.7M |
| Free Cash FlowOCF − Capex | $34.6M | $49.9M |
| FCF MarginFCF / Revenue | 24.8% | 34.3% |
| Capex IntensityCapex / Revenue | 0.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 0.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $27.8M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.6M | $50.7M | ||
| Q3 25 | $13.3M | $30.2M | ||
| Q2 25 | $21.1M | $36.1M | ||
| Q1 25 | $-19.7M | $28.8M | ||
| Q4 24 | $50.2M | $49.1M | ||
| Q3 24 | $25.0M | $27.6M | ||
| Q2 24 | $45.6M | $16.7M | ||
| Q1 24 | $-2.2M | $17.5M |
| Q4 25 | $34.6M | $49.9M | ||
| Q3 25 | $-1.1M | $28.8M | ||
| Q2 25 | $18.7M | $35.5M | ||
| Q1 25 | $-24.4M | $28.1M | ||
| Q4 24 | $47.5M | $48.5M | ||
| Q3 24 | $24.0M | $26.7M | ||
| Q2 24 | $43.6M | $16.0M | ||
| Q1 24 | $-4.6M | $16.6M |
| Q4 25 | 24.8% | 34.3% | ||
| Q3 25 | -0.8% | 21.0% | ||
| Q2 25 | 15.3% | 27.9% | ||
| Q1 25 | -21.2% | 23.0% | ||
| Q4 24 | 40.4% | 41.8% | ||
| Q3 24 | 20.0% | 24.5% | ||
| Q2 24 | 40.7% | 15.5% | ||
| Q1 24 | -5.6% | 16.6% |
| Q4 25 | 0.8% | 0.6% | ||
| Q3 25 | 10.7% | 1.0% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 4.1% | 0.5% | ||
| Q4 24 | 2.3% | 0.5% | ||
| Q3 24 | 0.9% | 0.9% | ||
| Q2 24 | 1.9% | 0.7% | ||
| Q1 24 | 2.9% | 0.8% |
| Q4 25 | 0.72× | — | ||
| Q3 25 | 0.36× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | -0.73× | — | ||
| Q4 24 | 0.45× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 1.42× | — | ||
| Q1 24 | -0.12× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADMA
| ADMA Bio Manufacturing Segment | $123.1M | 88% |
| Other | $16.0M | 12% |
FROG
Segment breakdown not available.
