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Side-by-side financial comparison of Fat Brands, Inc (FAT) 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 $140.0M, roughly 1.0× Fat Brands, Inc). JFrog Ltd runs the higher net margin — -10.5% vs -41.6%, a 31.1% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -2.3%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-16.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -6.1%).
FAT Brands Inc. is an American multi-brand restaurant and sports bar franchise operator headquartered in Beverly Hills, California.
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.
FAT vs FROG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.0M | $145.3M |
| Net Profit | $-58.2M | $-15.2M |
| Gross Margin | — | 77.9% |
| Operating Margin | -12.4% | -14.7% |
| Net Margin | -41.6% | -10.5% |
| Revenue YoY | -2.3% | 25.2% |
| Net Profit YoY | -30.1% | 34.4% |
| EPS (diluted) | $-3.39 | $-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 | — | $145.3M | ||
| Q3 25 | $140.0M | $136.9M | ||
| Q2 25 | $146.8M | $127.2M | ||
| Q1 25 | $142.0M | $122.4M | ||
| Q4 24 | $145.3M | $116.1M | ||
| Q3 24 | $143.4M | $109.1M | ||
| Q2 24 | $152.0M | $103.0M | ||
| Q1 24 | $152.0M | $100.3M |
| Q4 25 | — | $-15.2M | ||
| Q3 25 | $-58.2M | $-16.4M | ||
| Q2 25 | $-54.2M | $-21.7M | ||
| Q1 25 | $-46.0M | $-18.5M | ||
| Q4 24 | $-67.4M | $-23.2M | ||
| Q3 24 | $-44.8M | $-22.9M | ||
| Q2 24 | $-39.4M | $-14.3M | ||
| Q1 24 | $-38.3M | $-8.8M |
| 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% |
| Q4 25 | — | -14.7% | ||
| Q3 25 | -12.4% | -15.8% | ||
| Q2 25 | -10.6% | -20.4% | ||
| Q1 25 | -6.0% | -18.8% | ||
| Q4 24 | -27.1% | -21.9% | ||
| Q3 24 | -6.2% | -27.4% | ||
| Q2 24 | -1.8% | -18.6% | ||
| Q1 24 | -0.9% | -16.6% |
| Q4 25 | — | -10.5% | ||
| Q3 25 | -41.6% | -12.0% | ||
| Q2 25 | -36.9% | -17.0% | ||
| Q1 25 | -32.4% | -15.1% | ||
| Q4 24 | -46.4% | -20.0% | ||
| Q3 24 | -31.2% | -21.0% | ||
| Q2 24 | -25.9% | -13.9% | ||
| Q1 24 | -25.2% | -8.8% |
| Q4 25 | — | $-0.13 | ||
| Q3 25 | $-3.39 | $-0.14 | ||
| Q2 25 | $-3.17 | $-0.19 | ||
| Q1 25 | $-2.73 | $-0.16 | ||
| Q4 24 | $-4.06 | $-0.21 | ||
| Q3 24 | $-2.74 | $-0.21 | ||
| Q2 24 | $-2.43 | $-0.13 | ||
| Q1 24 | $-2.37 | $-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 | — | $704.4M |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $-585.8M | $887.4M |
| Total Assets | $1.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $704.4M | ||
| Q3 25 | — | $651.1M | ||
| Q2 25 | — | $611.7M | ||
| Q1 25 | — | $563.5M | ||
| Q4 24 | — | $522.0M | ||
| Q3 24 | — | $467.8M | ||
| Q2 24 | — | $591.3M | ||
| Q1 24 | — | $579.6M |
| Q4 25 | — | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.3B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | — | $887.4M | ||
| Q3 25 | $-585.8M | $859.4M | ||
| Q2 25 | $-536.5M | $826.5M | ||
| Q1 25 | $-493.9M | $800.0M | ||
| Q4 24 | $-455.7M | $773.5M | ||
| Q3 24 | $-386.1M | $756.2M | ||
| Q2 24 | $-338.6M | $721.4M | ||
| Q1 24 | $-296.8M | $707.8M |
| Q4 25 | — | $1.3B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $1.3B | $1.2B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.3B | $1.1B | ||
| Q2 24 | $1.4B | $1.0B | ||
| Q1 24 | $1.4B | $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 | $-14.5M | $50.7M |
| Free Cash FlowOCF − Capex | $-16.9M | $49.9M |
| FCF MarginFCF / Revenue | -12.1% | 34.3% |
| Capex IntensityCapex / Revenue | 1.7% | 0.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-75.0M | $142.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $50.7M | ||
| Q3 25 | $-14.5M | $30.2M | ||
| Q2 25 | $-26.9M | $36.1M | ||
| Q1 25 | $-13.2M | $28.8M | ||
| Q4 24 | $-10.4M | $49.1M | ||
| Q3 24 | $-3.2M | $27.6M | ||
| Q2 24 | $-14.2M | $16.7M | ||
| Q1 24 | $-28.4M | $17.5M |
| Q4 25 | — | $49.9M | ||
| Q3 25 | $-16.9M | $28.8M | ||
| Q2 25 | $-29.3M | $35.5M | ||
| Q1 25 | $-17.8M | $28.1M | ||
| Q4 24 | $-11.0M | $48.5M | ||
| Q3 24 | $-11.1M | $26.7M | ||
| Q2 24 | $-24.4M | $16.0M | ||
| Q1 24 | $-32.5M | $16.6M |
| Q4 25 | — | 34.3% | ||
| Q3 25 | -12.1% | 21.0% | ||
| Q2 25 | -20.0% | 27.9% | ||
| Q1 25 | -12.5% | 23.0% | ||
| Q4 24 | -7.6% | 41.8% | ||
| Q3 24 | -7.7% | 24.5% | ||
| Q2 24 | -16.1% | 15.5% | ||
| Q1 24 | -21.4% | 16.6% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | 1.7% | 1.0% | ||
| Q2 25 | 1.6% | 0.5% | ||
| Q1 25 | 3.2% | 0.5% | ||
| Q4 24 | 0.4% | 0.5% | ||
| Q3 24 | 5.5% | 0.9% | ||
| Q2 24 | 6.7% | 0.7% | ||
| Q1 24 | 2.7% | 0.8% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAT
| Restaurant Sales | $96.6M | 69% |
| Royalty | $21.6M | 15% |
| Factory | $9.6M | 7% |
| Advertising | $9.1M | 7% |
| Franchisor | $1.5M | 1% |
| Other | $1.5M | 1% |
FROG
Segment breakdown not available.
