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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) 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 $127.0M, roughly 1.1× BRANDYWINE REALTY TRUST). JFrog Ltd runs the higher net margin — -10.5% vs -38.4%, a 28.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 4.5%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.
BDN vs FROG — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $145.3M |
| Net Profit | $-48.8M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | 1.2% | -14.7% |
| Net Margin | -38.4% | -10.5% |
| Revenue YoY | 4.5% | 25.2% |
| Net Profit YoY | -80.4% | 34.4% |
| EPS (diluted) | $-0.28 | $-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.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $145.3M | ||
| Q3 25 | $121.4M | $136.9M | ||
| Q2 25 | $120.6M | $127.2M | ||
| Q1 25 | $121.5M | $122.4M | ||
| Q4 24 | $121.9M | $116.1M | ||
| Q3 24 | $131.8M | $109.1M | ||
| Q2 24 | $125.3M | $103.0M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-15.2M | ||
| Q3 25 | $-25.9M | $-16.4M | ||
| Q2 25 | $-88.7M | $-21.7M | ||
| Q1 25 | $-27.0M | $-18.5M | ||
| Q4 24 | $-44.5M | $-23.2M | ||
| Q3 24 | $-165.2M | $-22.9M | ||
| Q2 24 | $30.2M | $-14.3M |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 77.9% | ||
| Q3 25 | 62.6% | 77.4% | ||
| Q2 25 | 62.4% | 76.3% | ||
| Q1 25 | 60.8% | 75.3% | ||
| Q4 24 | 61.2% | 75.4% | ||
| Q3 24 | 64.9% | 75.0% | ||
| Q2 24 | 63.1% | 78.8% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -14.7% | ||
| Q3 25 | 20.8% | -15.8% | ||
| Q2 25 | -34.3% | -20.4% | ||
| Q1 25 | 12.5% | -18.8% | ||
| Q4 24 | 18.0% | -21.9% | ||
| Q3 24 | -7.2% | -27.4% | ||
| Q2 24 | 15.5% | -18.6% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -10.5% | ||
| Q3 25 | -21.3% | -12.0% | ||
| Q2 25 | -73.5% | -17.0% | ||
| Q1 25 | -22.2% | -15.1% | ||
| Q4 24 | -36.5% | -20.0% | ||
| Q3 24 | -125.4% | -21.0% | ||
| Q2 24 | 24.1% | -13.9% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $-0.13 | ||
| Q3 25 | $-0.15 | $-0.14 | ||
| Q2 25 | $-0.51 | $-0.19 | ||
| Q1 25 | $-0.16 | $-0.16 | ||
| Q4 24 | $-0.25 | $-0.21 | ||
| Q3 24 | $-0.96 | $-0.21 | ||
| Q2 24 | $0.17 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $704.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $887.4M |
| Total Assets | $3.6B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $704.4M | ||
| Q3 25 | $75.5M | $651.1M | ||
| Q2 25 | $122.6M | $611.7M | ||
| Q1 25 | $29.4M | $563.5M | ||
| Q4 24 | $90.2M | $522.0M | ||
| Q3 24 | $36.5M | $467.8M | ||
| Q2 24 | $30.4M | $591.3M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $887.4M | ||
| Q3 25 | $841.5M | $859.4M | ||
| Q2 25 | $879.8M | $826.5M | ||
| Q1 25 | $993.6M | $800.0M | ||
| Q4 24 | $1.0B | $773.5M | ||
| Q3 24 | $1.1B | $756.2M | ||
| Q2 24 | $1.3B | $721.4M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $1.3B | ||
| Q3 25 | $3.3B | $1.3B | ||
| Q2 25 | $3.4B | $1.2B | ||
| Q1 25 | $3.4B | $1.2B | ||
| Q4 24 | $3.5B | $1.1B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.8B | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 1.73× | — |
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 | — | $50.7M |
| Free Cash FlowOCF − Capex | — | $49.9M |
| FCF MarginFCF / Revenue | — | 34.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $50.7M | ||
| Q3 25 | $47.5M | $30.2M | ||
| Q2 25 | $34.4M | $36.1M | ||
| Q1 25 | $6.3M | $28.8M | ||
| Q4 24 | $181.1M | $49.1M | ||
| Q3 24 | $52.2M | $27.6M | ||
| Q2 24 | $48.2M | $16.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $49.9M | ||
| Q3 25 | — | $28.8M | ||
| Q2 25 | — | $35.5M | ||
| Q1 25 | — | $28.1M | ||
| Q4 24 | — | $48.5M | ||
| Q3 24 | — | $26.7M | ||
| Q2 24 | — | $16.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.3% | ||
| Q3 25 | — | 21.0% | ||
| Q2 25 | — | 27.9% | ||
| Q1 25 | — | 23.0% | ||
| Q4 24 | — | 41.8% | ||
| Q3 24 | — | 24.5% | ||
| Q2 24 | — | 15.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
FROG
Segment breakdown not available.
