vs
Side-by-side financial comparison of JFrog Ltd (FROG) and Fastly, Inc. (FSLY). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $145.3M, roughly 1.2× JFrog Ltd). Fastly, Inc. runs the higher net margin — -9.0% vs -10.5%, a 1.5% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 22.8%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $12.2M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 13.7%).
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.
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
FROG vs FSLY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $172.6M |
| Net Profit | $-15.2M | $-15.5M |
| Gross Margin | 77.9% | 61.4% |
| Operating Margin | -14.7% | -8.7% |
| Net Margin | -10.5% | -9.0% |
| Revenue YoY | 25.2% | 22.8% |
| Net Profit YoY | 34.4% | 52.9% |
| EPS (diluted) | $-0.13 | $-0.10 |
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 | $172.6M | ||
| Q3 25 | $136.9M | $158.2M | ||
| Q2 25 | $127.2M | $148.7M | ||
| Q1 25 | $122.4M | $144.5M | ||
| Q4 24 | $116.1M | $140.6M | ||
| Q3 24 | $109.1M | $137.2M | ||
| Q2 24 | $103.0M | $132.4M | ||
| Q1 24 | $100.3M | $133.5M |
| Q4 25 | $-15.2M | $-15.5M | ||
| Q3 25 | $-16.4M | $-29.5M | ||
| Q2 25 | $-21.7M | $-37.5M | ||
| Q1 25 | $-18.5M | $-39.1M | ||
| Q4 24 | $-23.2M | $-32.9M | ||
| Q3 24 | $-22.9M | $-38.0M | ||
| Q2 24 | $-14.3M | $-43.7M | ||
| Q1 24 | $-8.8M | $-43.4M |
| Q4 25 | 77.9% | 61.4% | ||
| Q3 25 | 77.4% | 58.4% | ||
| Q2 25 | 76.3% | 54.5% | ||
| Q1 25 | 75.3% | 53.2% | ||
| Q4 24 | 75.4% | 53.4% | ||
| Q3 24 | 75.0% | 54.5% | ||
| Q2 24 | 78.8% | 55.1% | ||
| Q1 24 | 79.5% | 54.8% |
| Q4 25 | -14.7% | -8.7% | ||
| Q3 25 | -15.8% | -18.2% | ||
| Q2 25 | -20.4% | -24.8% | ||
| Q1 25 | -18.8% | -26.4% | ||
| Q4 24 | -21.9% | -24.4% | ||
| Q3 24 | -27.4% | -29.6% | ||
| Q2 24 | -18.6% | -35.3% | ||
| Q1 24 | -16.6% | -34.6% |
| Q4 25 | -10.5% | -9.0% | ||
| Q3 25 | -12.0% | -18.6% | ||
| Q2 25 | -17.0% | -25.2% | ||
| Q1 25 | -15.1% | -27.1% | ||
| Q4 24 | -20.0% | -23.4% | ||
| Q3 24 | -21.0% | -27.7% | ||
| Q2 24 | -13.9% | -33.0% | ||
| Q1 24 | -8.8% | -32.5% |
| Q4 25 | $-0.13 | $-0.10 | ||
| Q3 25 | $-0.14 | $-0.20 | ||
| Q2 25 | $-0.19 | $-0.26 | ||
| Q1 25 | $-0.16 | $-0.27 | ||
| Q4 24 | $-0.21 | $-0.23 | ||
| Q3 24 | $-0.21 | $-0.27 | ||
| Q2 24 | $-0.13 | $-0.32 | ||
| Q1 24 | $-0.08 | $-0.32 |
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 | $361.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $929.6M |
| Total Assets | $1.3B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $361.8M | ||
| Q3 25 | $651.1M | $342.9M | ||
| Q2 25 | $611.7M | $321.2M | ||
| Q1 25 | $563.5M | $307.3M | ||
| Q4 24 | $522.0M | $295.9M | ||
| Q3 24 | $467.8M | $308.2M | ||
| Q2 24 | $591.3M | $311.8M | ||
| Q1 24 | $579.6M | $329.5M |
| Q4 25 | $887.4M | $929.6M | ||
| Q3 25 | $859.4M | $937.0M | ||
| Q2 25 | $826.5M | $942.6M | ||
| Q1 25 | $800.0M | $957.0M | ||
| Q4 24 | $773.5M | $965.3M | ||
| Q3 24 | $756.2M | $969.5M | ||
| Q2 24 | $721.4M | $981.2M | ||
| Q1 24 | $707.8M | $991.8M |
| Q4 25 | $1.3B | $1.5B | ||
| Q3 25 | $1.3B | $1.5B | ||
| Q2 25 | $1.2B | $1.5B | ||
| Q1 25 | $1.2B | $1.4B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.1B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $997.1M | $1.5B |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $49.9M | $12.2M |
| FCF MarginFCF / Revenue | 34.3% | 7.1% |
| Capex IntensityCapex / Revenue | 0.6% | 5.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $65.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $22.4M | ||
| Q3 25 | $30.2M | $28.9M | ||
| Q2 25 | $36.1M | $25.8M | ||
| Q1 25 | $28.8M | $17.3M | ||
| Q4 24 | $49.1M | $5.2M | ||
| Q3 24 | $27.6M | $5.0M | ||
| Q2 24 | $16.7M | $-4.9M | ||
| Q1 24 | $17.5M | $11.1M |
| Q4 25 | $49.9M | $12.2M | ||
| Q3 25 | $28.8M | $22.9M | ||
| Q2 25 | $35.5M | $15.9M | ||
| Q1 25 | $28.1M | $14.7M | ||
| Q4 24 | $48.5M | $251.0K | ||
| Q3 24 | $26.7M | $3.0M | ||
| Q2 24 | $16.0M | $-6.7M | ||
| Q1 24 | $16.6M | $9.5M |
| Q4 25 | 34.3% | 7.1% | ||
| Q3 25 | 21.0% | 14.5% | ||
| Q2 25 | 27.9% | 10.7% | ||
| Q1 25 | 23.0% | 10.2% | ||
| Q4 24 | 41.8% | 0.2% | ||
| Q3 24 | 24.5% | 2.2% | ||
| Q2 24 | 15.5% | -5.1% | ||
| Q1 24 | 16.6% | 7.1% |
| Q4 25 | 0.6% | 5.9% | ||
| Q3 25 | 1.0% | 3.8% | ||
| Q2 25 | 0.5% | 6.6% | ||
| Q1 25 | 0.5% | 1.8% | ||
| Q4 24 | 0.5% | 3.5% | ||
| Q3 24 | 0.9% | 1.5% | ||
| Q2 24 | 0.7% | 1.3% | ||
| Q1 24 | 0.8% | 1.2% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
