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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.1× Emerald Holding, Inc.). JFrog Ltd runs the higher net margin — -10.5% vs -22.8%, a 12.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 24.3%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $11.7M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -0.3%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

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.

EEX vs FROG — Head-to-Head

Bigger by revenue
FROG
FROG
1.1× larger
FROG
$145.3M
$132.7M
EEX
Growing faster (revenue YoY)
FROG
FROG
+0.9% gap
FROG
25.2%
24.3%
EEX
Higher net margin
FROG
FROG
12.3% more per $
FROG
-10.5%
-22.8%
EEX
More free cash flow
FROG
FROG
$38.2M more FCF
FROG
$49.9M
$11.7M
EEX
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
-0.3%
EEX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EEX
EEX
FROG
FROG
Revenue
$132.7M
$145.3M
Net Profit
$-30.2M
$-15.2M
Gross Margin
77.9%
Operating Margin
-11.8%
-14.7%
Net Margin
-22.8%
-10.5%
Revenue YoY
24.3%
25.2%
Net Profit YoY
-692.2%
34.4%
EPS (diluted)
$-0.15
$-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.

Revenue
EEX
EEX
FROG
FROG
Q4 25
$132.7M
$145.3M
Q3 25
$77.5M
$136.9M
Q2 25
$105.5M
$127.2M
Q1 25
$147.7M
$122.4M
Q4 24
$106.8M
$116.1M
Q3 24
$72.6M
$109.1M
Q2 24
$86.0M
$103.0M
Q1 24
$133.4M
$100.3M
Net Profit
EEX
EEX
FROG
FROG
Q4 25
$-30.2M
$-15.2M
Q3 25
$-14.4M
$-16.4M
Q2 25
$-1.4M
$-21.7M
Q1 25
$15.3M
$-18.5M
Q4 24
$5.1M
$-23.2M
Q3 24
$-11.1M
$-22.9M
Q2 24
$-2.8M
$-14.3M
Q1 24
$11.0M
$-8.8M
Gross Margin
EEX
EEX
FROG
FROG
Q4 25
77.9%
Q3 25
77.4%
Q2 25
76.3%
Q1 25
75.3%
Q4 24
75.4%
Q3 24
75.0%
Q2 24
78.8%
Q1 24
79.5%
Operating Margin
EEX
EEX
FROG
FROG
Q4 25
-11.8%
-14.7%
Q3 25
-10.1%
-15.8%
Q2 25
9.7%
-20.4%
Q1 25
24.2%
-18.8%
Q4 24
19.5%
-21.9%
Q3 24
-6.5%
-27.4%
Q2 24
7.4%
-18.6%
Q1 24
18.2%
-16.6%
Net Margin
EEX
EEX
FROG
FROG
Q4 25
-22.8%
-10.5%
Q3 25
-18.6%
-12.0%
Q2 25
-1.3%
-17.0%
Q1 25
10.4%
-15.1%
Q4 24
4.8%
-20.0%
Q3 24
-15.3%
-21.0%
Q2 24
-3.3%
-13.9%
Q1 24
8.2%
-8.8%
EPS (diluted)
EEX
EEX
FROG
FROG
Q4 25
$-0.15
$-0.13
Q3 25
$-0.07
$-0.14
Q2 25
$-0.01
$-0.19
Q1 25
$0.08
$-0.16
Q4 24
$0.01
$-0.21
Q3 24
$-0.05
$-0.21
Q2 24
$-0.03
$-0.13
Q1 24
$0.00
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EEX
EEX
FROG
FROG
Cash + ST InvestmentsLiquidity on hand
$100.9M
$704.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.8M
$887.4M
Total Assets
$1.2B
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
FROG
FROG
Q4 25
$100.9M
$704.4M
Q3 25
$95.4M
$651.1M
Q2 25
$156.4M
$611.7M
Q1 25
$276.8M
$563.5M
Q4 24
$194.8M
$522.0M
Q3 24
$188.9M
$467.8M
Q2 24
$193.2M
$591.3M
Q1 24
$186.8M
$579.6M
Stockholders' Equity
EEX
EEX
FROG
FROG
Q4 25
$338.8M
$887.4M
Q3 25
$369.5M
$859.4M
Q2 25
$389.4M
$826.5M
Q1 25
$392.1M
$800.0M
Q4 24
$385.9M
$773.5M
Q3 24
$391.1M
$756.2M
Q2 24
$407.6M
$721.4M
Q1 24
$-90.7M
$707.8M
Total Assets
EEX
EEX
FROG
FROG
Q4 25
$1.2B
$1.3B
Q3 25
$1.2B
$1.3B
Q2 25
$1.2B
$1.2B
Q1 25
$1.2B
$1.2B
Q4 24
$1.0B
$1.1B
Q3 24
$1.1B
$1.1B
Q2 24
$1.1B
$1.0B
Q1 24
$1.1B
$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
EEX
EEX
FROG
FROG
Operating Cash FlowLast quarter
$12.3M
$50.7M
Free Cash FlowOCF − Capex
$11.7M
$49.9M
FCF MarginFCF / Revenue
8.8%
34.3%
Capex IntensityCapex / Revenue
0.5%
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.4M
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
FROG
FROG
Q4 25
$12.3M
$50.7M
Q3 25
$1.8M
$30.2M
Q2 25
$15.9M
$36.1M
Q1 25
$12.6M
$28.8M
Q4 24
$20.6M
$49.1M
Q3 24
$9.1M
$27.6M
Q2 24
$9.8M
$16.7M
Q1 24
$7.3M
$17.5M
Free Cash Flow
EEX
EEX
FROG
FROG
Q4 25
$11.7M
$49.9M
Q3 25
$1.5M
$28.8M
Q2 25
$15.8M
$35.5M
Q1 25
$12.4M
$28.1M
Q4 24
$19.9M
$48.5M
Q3 24
$9.0M
$26.7M
Q2 24
$9.6M
$16.0M
Q1 24
$7.0M
$16.6M
FCF Margin
EEX
EEX
FROG
FROG
Q4 25
8.8%
34.3%
Q3 25
1.9%
21.0%
Q2 25
15.0%
27.9%
Q1 25
8.4%
23.0%
Q4 24
18.6%
41.8%
Q3 24
12.4%
24.5%
Q2 24
11.2%
15.5%
Q1 24
5.2%
16.6%
Capex Intensity
EEX
EEX
FROG
FROG
Q4 25
0.5%
0.6%
Q3 25
0.4%
1.0%
Q2 25
0.1%
0.5%
Q1 25
0.1%
0.5%
Q4 24
0.7%
0.5%
Q3 24
0.1%
0.9%
Q2 24
0.2%
0.7%
Q1 24
0.2%
0.8%
Cash Conversion
EEX
EEX
FROG
FROG
Q4 25
Q3 25
Q2 25
Q1 25
0.82×
Q4 24
4.04×
Q3 24
Q2 24
Q1 24
0.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

FROG
FROG

Segment breakdown not available.

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