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Side-by-side financial comparison of DULUTH HOLDINGS INC. (DLTH) 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 $114.9M, roughly 1.3× DULUTH HOLDINGS INC.). DULUTH HOLDINGS INC. runs the higher net margin — -8.8% vs -10.5%, a 1.7% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -9.6%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-8.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -31.6%).
Duluth Holdings Inc., which primarily sells goods through its Duluth Trading Company brand, is an American workwear and accessories company.
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.
DLTH vs FROG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $114.9M | $145.3M |
| Net Profit | $-10.1M | $-15.2M |
| Gross Margin | 53.8% | 77.9% |
| Operating Margin | -7.7% | -14.7% |
| Net Margin | -8.8% | -10.5% |
| Revenue YoY | -9.6% | 25.2% |
| Net Profit YoY | 64.6% | 34.4% |
| EPS (diluted) | $-0.29 | $-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 | $114.9M | $145.3M | ||
| Q3 25 | $131.7M | $136.9M | ||
| Q2 25 | $102.7M | $127.2M | ||
| Q1 25 | $241.3M | $122.4M | ||
| Q4 24 | $127.1M | $116.1M | ||
| Q3 24 | $141.6M | $109.1M | ||
| Q2 24 | $116.7M | $103.0M | ||
| Q1 24 | $245.6M | $100.3M |
| Q4 25 | $-10.1M | $-15.2M | ||
| Q3 25 | $1.3M | $-16.4M | ||
| Q2 25 | $-15.3M | $-21.7M | ||
| Q1 25 | $-5.6M | $-18.5M | ||
| Q4 24 | $-28.2M | $-23.2M | ||
| Q3 24 | $-2.0M | $-22.9M | ||
| Q2 24 | $-7.9M | $-14.3M | ||
| Q1 24 | $6.4M | $-8.8M |
| Q4 25 | 53.8% | 77.9% | ||
| Q3 25 | 54.7% | 77.4% | ||
| Q2 25 | 52.0% | 76.3% | ||
| Q1 25 | 44.1% | 75.3% | ||
| Q4 24 | 52.3% | 75.4% | ||
| Q3 24 | 52.3% | 75.0% | ||
| Q2 24 | 52.8% | 78.8% | ||
| Q1 24 | 48.2% | 79.5% |
| Q4 25 | -7.7% | -14.7% | ||
| Q3 25 | 1.8% | -15.8% | ||
| Q2 25 | -12.0% | -20.4% | ||
| Q1 25 | -1.8% | -18.8% | ||
| Q4 24 | -17.4% | -21.9% | ||
| Q3 24 | -1.1% | -27.4% | ||
| Q2 24 | -7.7% | -18.6% | ||
| Q1 24 | 3.6% | -16.6% |
| Q4 25 | -8.8% | -10.5% | ||
| Q3 25 | 1.0% | -12.0% | ||
| Q2 25 | -14.9% | -17.0% | ||
| Q1 25 | -2.3% | -15.1% | ||
| Q4 24 | -22.2% | -20.0% | ||
| Q3 24 | -1.4% | -21.0% | ||
| Q2 24 | -6.7% | -13.9% | ||
| Q1 24 | 2.6% | -8.8% |
| Q4 25 | $-0.29 | $-0.13 | ||
| Q3 25 | $0.04 | $-0.14 | ||
| Q2 25 | $-0.45 | $-0.19 | ||
| Q1 25 | $-0.17 | $-0.16 | ||
| Q4 24 | $-0.84 | $-0.21 | ||
| Q3 24 | $-0.06 | $-0.21 | ||
| Q2 24 | $-0.24 | $-0.13 | ||
| Q1 24 | $0.20 | $-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 | $8.2M | $704.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $160.6M | $887.4M |
| Total Assets | $468.0M | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $704.4M | ||
| Q3 25 | $5.7M | $651.1M | ||
| Q2 25 | $8.6M | $611.7M | ||
| Q1 25 | $3.3M | $563.5M | ||
| Q4 24 | $9.3M | $522.0M | ||
| Q3 24 | $9.8M | $467.8M | ||
| Q2 24 | $6.8M | $591.3M | ||
| Q1 24 | $32.2M | $579.6M |
| Q4 25 | $160.6M | $887.4M | ||
| Q3 25 | $170.0M | $859.4M | ||
| Q2 25 | $167.9M | $826.5M | ||
| Q1 25 | $182.7M | $800.0M | ||
| Q4 24 | $188.1M | $773.5M | ||
| Q3 24 | $215.7M | $756.2M | ||
| Q2 24 | $218.4M | $721.4M | ||
| Q1 24 | $222.8M | $707.8M |
| Q4 25 | $468.0M | $1.3B | ||
| Q3 25 | $433.8M | $1.3B | ||
| Q2 25 | $463.7M | $1.2B | ||
| Q1 25 | $452.4M | $1.2B | ||
| Q4 24 | $533.1M | $1.1B | ||
| Q3 24 | $488.6M | $1.1B | ||
| Q2 24 | $471.4M | $1.0B | ||
| Q1 24 | $491.2M | $997.1M |
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 | $-6.7M | $50.7M |
| Free Cash FlowOCF − Capex | $-8.9M | $49.9M |
| FCF MarginFCF / Revenue | -7.8% | 34.3% |
| Capex IntensityCapex / Revenue | 2.0% | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.7M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-6.7M | $50.7M | ||
| Q3 25 | $32.0M | $30.2M | ||
| Q2 25 | $-56.5M | $36.1M | ||
| Q1 25 | $41.2M | $28.8M | ||
| Q4 24 | $-41.1M | $49.1M | ||
| Q3 24 | $16.6M | $27.6M | ||
| Q2 24 | $-33.7M | $16.7M | ||
| Q1 24 | $69.7M | $17.5M |
| Q4 25 | $-8.9M | $49.9M | ||
| Q3 25 | $29.8M | $28.8M | ||
| Q2 25 | $-57.8M | $35.5M | ||
| Q1 25 | $38.7M | $28.1M | ||
| Q4 24 | $-43.7M | $48.5M | ||
| Q3 24 | $15.0M | $26.7M | ||
| Q2 24 | $-35.2M | $16.0M | ||
| Q1 24 | $60.6M | $16.6M |
| Q4 25 | -7.8% | 34.3% | ||
| Q3 25 | 22.6% | 21.0% | ||
| Q2 25 | -56.3% | 27.9% | ||
| Q1 25 | 16.0% | 23.0% | ||
| Q4 24 | -34.4% | 41.8% | ||
| Q3 24 | 10.6% | 24.5% | ||
| Q2 24 | -30.2% | 15.5% | ||
| Q1 24 | 24.7% | 16.6% |
| Q4 25 | 2.0% | 0.6% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 1.3% | 0.5% | ||
| Q1 25 | 1.0% | 0.5% | ||
| Q4 24 | 2.1% | 0.5% | ||
| Q3 24 | 1.2% | 0.9% | ||
| Q2 24 | 1.3% | 0.7% | ||
| Q1 24 | 3.7% | 0.8% |
| Q4 25 | — | — | ||
| Q3 25 | 25.40× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 10.86× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTH
| Sales Channel Directly To Consumer | $67.4M | 59% |
| Sales Channel Through Intermediary | $47.4M | 41% |
FROG
Segment breakdown not available.
