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Side-by-side financial comparison of JFrog Ltd (FROG) and GCM Grosvenor Inc. (GCMG). Click either name above to swap in a different company.
GCM Grosvenor Inc. is the larger business by last-quarter revenue ($177.1M vs $145.3M, roughly 1.2× JFrog Ltd). GCM Grosvenor Inc. runs the higher net margin — 32.8% vs -10.5%, a 43.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 7.2%). GCM Grosvenor Inc. produced more free cash flow last quarter ($175.0M vs $49.9M). Over the past eight quarters, GCM Grosvenor Inc.'s revenue compounded faster (27.5% CAGR vs 20.4%).
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.
GCM Grosvenor is an American alternative asset management firm, with approximately $76 billion in assets under management and approximately 530 professionals as of 2023.
FROG vs GCMG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $177.1M |
| Net Profit | $-15.2M | $58.2M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 30.9% |
| Net Margin | -10.5% | 32.8% |
| Revenue YoY | 25.2% | 7.2% |
| Net Profit YoY | 34.4% | 149.2% |
| EPS (diluted) | $-0.13 | $0.23 |
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 | $177.1M | ||
| Q3 25 | $136.9M | $135.0M | ||
| Q2 25 | $127.2M | $119.7M | ||
| Q1 25 | $122.4M | $125.8M | ||
| Q4 24 | $116.1M | $165.3M | ||
| Q3 24 | $109.1M | $122.9M | ||
| Q2 24 | $103.0M | $117.0M | ||
| Q1 24 | $100.3M | $108.9M |
| Q4 25 | $-15.2M | $58.2M | ||
| Q3 25 | $-16.4M | $10.5M | ||
| Q2 25 | $-21.7M | $15.4M | ||
| Q1 25 | $-18.5M | $463.0K | ||
| Q4 24 | $-23.2M | $7.6M | ||
| Q3 24 | $-22.9M | $4.2M | ||
| Q2 24 | $-14.3M | $4.8M | ||
| Q1 24 | $-8.8M | $2.1M |
| 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% | 30.9% | ||
| Q3 25 | -15.8% | 32.7% | ||
| Q2 25 | -20.4% | 16.1% | ||
| Q1 25 | -18.8% | 12.2% | ||
| Q4 24 | -21.9% | 26.4% | ||
| Q3 24 | -27.4% | 20.3% | ||
| Q2 24 | -18.6% | 17.8% | ||
| Q1 24 | -16.6% | -14.7% |
| Q4 25 | -10.5% | 32.8% | ||
| Q3 25 | -12.0% | 7.8% | ||
| Q2 25 | -17.0% | 12.9% | ||
| Q1 25 | -15.1% | 0.4% | ||
| Q4 24 | -20.0% | 4.6% | ||
| Q3 24 | -21.0% | 3.4% | ||
| Q2 24 | -13.9% | 4.1% | ||
| Q1 24 | -8.8% | 2.0% |
| Q4 25 | $-0.13 | $0.23 | ||
| Q3 25 | $-0.14 | $0.16 | ||
| Q2 25 | $-0.19 | $0.05 | ||
| Q1 25 | $-0.16 | $-0.02 | ||
| Q4 24 | $-0.21 | $0.09 | ||
| Q3 24 | $-0.21 | $0.03 | ||
| Q2 24 | $-0.13 | $0.04 | ||
| Q1 24 | $-0.08 | $-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 | $704.4M | $242.1M |
| Total DebtLower is stronger | — | $428.4M |
| Stockholders' EquityBook value | $887.4M | $27.0M |
| Total Assets | $1.3B | $813.8M |
| Debt / EquityLower = less leverage | — | 15.87× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $242.1M | ||
| Q3 25 | $651.1M | $182.7M | ||
| Q2 25 | $611.7M | $136.3M | ||
| Q1 25 | $563.5M | $94.5M | ||
| Q4 24 | $522.0M | $89.5M | ||
| Q3 24 | $467.8M | $98.4M | ||
| Q2 24 | $591.3M | $73.9M | ||
| Q1 24 | $579.6M | $41.9M |
| Q4 25 | — | $428.4M | ||
| Q3 25 | — | $429.3M | ||
| Q2 25 | — | $430.2M | ||
| Q1 25 | — | $431.1M | ||
| Q4 24 | — | $432.0M | ||
| Q3 24 | — | $432.9M | ||
| Q2 24 | — | $433.8M | ||
| Q1 24 | — | $384.0M |
| Q4 25 | $887.4M | $27.0M | ||
| Q3 25 | $859.4M | $-7.4M | ||
| Q2 25 | $826.5M | $-12.3M | ||
| Q1 25 | $800.0M | $-28.3M | ||
| Q4 24 | $773.5M | $-27.6M | ||
| Q3 24 | $756.2M | $-31.9M | ||
| Q2 24 | $721.4M | $-28.5M | ||
| Q1 24 | $707.8M | $-26.4M |
| Q4 25 | $1.3B | $813.8M | ||
| Q3 25 | $1.3B | $685.9M | ||
| Q2 25 | $1.2B | $636.9M | ||
| Q1 25 | $1.2B | $579.8M | ||
| Q4 24 | $1.1B | $612.7M | ||
| Q3 24 | $1.1B | $575.0M | ||
| Q2 24 | $1.0B | $543.9M | ||
| Q1 24 | $997.1M | $497.3M |
| Q4 25 | — | 15.87× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $183.5M |
| Free Cash FlowOCF − Capex | $49.9M | $175.0M |
| FCF MarginFCF / Revenue | 34.3% | 98.8% |
| Capex IntensityCapex / Revenue | 0.6% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 3.16× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $326.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $183.5M | ||
| Q3 25 | $30.2M | $79.8M | ||
| Q2 25 | $36.1M | $42.0M | ||
| Q1 25 | $28.8M | $33.3M | ||
| Q4 24 | $49.1M | $148.8M | ||
| Q3 24 | $27.6M | $69.0M | ||
| Q2 24 | $16.7M | $17.5M | ||
| Q1 24 | $17.5M | $24.2M |
| Q4 25 | $49.9M | $175.0M | ||
| Q3 25 | $28.8M | $78.3M | ||
| Q2 25 | $35.5M | $40.8M | ||
| Q1 25 | $28.1M | $32.1M | ||
| Q4 24 | $48.5M | $132.0M | ||
| Q3 24 | $26.7M | $62.2M | ||
| Q2 24 | $16.0M | $12.8M | ||
| Q1 24 | $16.6M | $20.0M |
| Q4 25 | 34.3% | 98.8% | ||
| Q3 25 | 21.0% | 58.0% | ||
| Q2 25 | 27.9% | 34.1% | ||
| Q1 25 | 23.0% | 25.5% | ||
| Q4 24 | 41.8% | 79.9% | ||
| Q3 24 | 24.5% | 50.6% | ||
| Q2 24 | 15.5% | 10.9% | ||
| Q1 24 | 16.6% | 18.4% |
| Q4 25 | 0.6% | 4.8% | ||
| Q3 25 | 1.0% | 1.1% | ||
| Q2 25 | 0.5% | 1.0% | ||
| Q1 25 | 0.5% | 0.9% | ||
| Q4 24 | 0.5% | 10.1% | ||
| Q3 24 | 0.9% | 5.5% | ||
| Q2 24 | 0.7% | 4.0% | ||
| Q1 24 | 0.8% | 3.9% |
| Q4 25 | — | 3.16× | ||
| Q3 25 | — | 7.61× | ||
| Q2 25 | — | 2.72× | ||
| Q1 25 | — | 71.84× | ||
| Q4 24 | — | 19.54× | ||
| Q3 24 | — | 16.60× | ||
| Q2 24 | — | 3.64× | ||
| Q1 24 | — | 11.40× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
GCMG
| Asset Management1 | $108.6M | 61% |
| Management Service Incentive Performance Fees | $61.7M | 35% |
| Management Service Incentive Carried Interest | $5.1M | 3% |
| Service Other | $1.8M | 1% |
