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Side-by-side financial comparison of JFrog Ltd (FROG) and GOLDEN ENTERTAINMENT, INC. (GDEN). Click either name above to swap in a different company.

GOLDEN ENTERTAINMENT, INC. is the larger business by last-quarter revenue ($155.6M vs $145.3M, roughly 1.1× JFrog Ltd). GOLDEN ENTERTAINMENT, INC. runs the higher net margin — -5.5% vs -10.5%, a 5.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -5.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-4.4M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -5.4%).

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.

Golden Entertainment, Inc. is an American gambling company based in Enterprise, Nevada that operates casinos and taverns. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.

FROG vs GDEN — Head-to-Head

Bigger by revenue
GDEN
GDEN
1.1× larger
GDEN
$155.6M
$145.3M
FROG
Growing faster (revenue YoY)
FROG
FROG
+30.4% gap
FROG
25.2%
-5.2%
GDEN
Higher net margin
GDEN
GDEN
5.0% more per $
GDEN
-5.5%
-10.5%
FROG
More free cash flow
FROG
FROG
$54.2M more FCF
FROG
$49.9M
$-4.4M
GDEN
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
-5.4%
GDEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FROG
FROG
GDEN
GDEN
Revenue
$145.3M
$155.6M
Net Profit
$-15.2M
$-8.5M
Gross Margin
77.9%
92.5%
Operating Margin
-14.7%
-1.5%
Net Margin
-10.5%
-5.5%
Revenue YoY
25.2%
-5.2%
Net Profit YoY
34.4%
-386.0%
EPS (diluted)
$-0.13
$-0.31

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
FROG
FROG
GDEN
GDEN
Q4 25
$145.3M
$155.6M
Q3 25
$136.9M
$154.8M
Q2 25
$127.2M
$163.6M
Q1 25
$122.4M
$160.8M
Q4 24
$116.1M
$164.2M
Q3 24
$109.1M
$161.2M
Q2 24
$103.0M
$167.3M
Q1 24
$100.3M
$174.0M
Net Profit
FROG
FROG
GDEN
GDEN
Q4 25
$-15.2M
$-8.5M
Q3 25
$-16.4M
$-4.7M
Q2 25
$-21.7M
$4.6M
Q1 25
$-18.5M
$2.5M
Q4 24
$-23.2M
$3.0M
Q3 24
$-22.9M
$5.2M
Q2 24
$-14.3M
$623.0K
Q1 24
$-8.8M
$42.0M
Gross Margin
FROG
FROG
GDEN
GDEN
Q4 25
77.9%
92.5%
Q3 25
77.4%
92.8%
Q2 25
76.3%
93.1%
Q1 25
75.3%
92.7%
Q4 24
75.4%
96.3%
Q3 24
75.0%
93.0%
Q2 24
78.8%
93.2%
Q1 24
79.5%
89.9%
Operating Margin
FROG
FROG
GDEN
GDEN
Q4 25
-14.7%
-1.5%
Q3 25
-15.8%
0.6%
Q2 25
-20.4%
7.3%
Q1 25
-18.8%
6.9%
Q4 24
-21.9%
7.1%
Q3 24
-27.4%
4.2%
Q2 24
-18.6%
8.1%
Q1 24
-16.6%
46.0%
Net Margin
FROG
FROG
GDEN
GDEN
Q4 25
-10.5%
-5.5%
Q3 25
-12.0%
-3.0%
Q2 25
-17.0%
2.8%
Q1 25
-15.1%
1.6%
Q4 24
-20.0%
1.8%
Q3 24
-21.0%
3.2%
Q2 24
-13.9%
0.4%
Q1 24
-8.8%
24.1%
EPS (diluted)
FROG
FROG
GDEN
GDEN
Q4 25
$-0.13
$-0.31
Q3 25
$-0.14
$-0.18
Q2 25
$-0.19
$0.17
Q1 25
$-0.16
$0.09
Q4 24
$-0.21
$0.14
Q3 24
$-0.21
$0.18
Q2 24
$-0.13
$0.02
Q1 24
$-0.08
$1.37

Balance Sheet & Financial Strength

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

Metric
FROG
FROG
GDEN
GDEN
Cash + ST InvestmentsLiquidity on hand
$704.4M
$55.3M
Total DebtLower is stronger
$426.6M
Stockholders' EquityBook value
$887.4M
$420.9M
Total Assets
$1.3B
$1.0B
Debt / EquityLower = less leverage
1.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FROG
FROG
GDEN
GDEN
Q4 25
$704.4M
$55.3M
Q3 25
$651.1M
$58.3M
Q2 25
$611.7M
$52.3M
Q1 25
$563.5M
$50.5M
Q4 24
$522.0M
$57.7M
Q3 24
$467.8M
$68.6M
Q2 24
$591.3M
$88.6M
Q1 24
$579.6M
$404.3M
Total Debt
FROG
FROG
GDEN
GDEN
Q4 25
$426.6M
Q3 25
$417.3M
Q2 25
$423.3M
Q1 25
$399.3M
Q4 24
$405.3M
Q3 24
$386.3M
Q2 24
$388.2M
Q1 24
$660.9M
Stockholders' Equity
FROG
FROG
GDEN
GDEN
Q4 25
$887.4M
$420.9M
Q3 25
$859.4M
$434.2M
Q2 25
$826.5M
$443.3M
Q1 25
$800.0M
$462.0M
Q4 24
$773.5M
$474.2M
Q3 24
$756.2M
$513.1M
Q2 24
$721.4M
$539.0M
Q1 24
$707.8M
$569.6M
Total Assets
FROG
FROG
GDEN
GDEN
Q4 25
$1.3B
$1.0B
Q3 25
$1.3B
$1.0B
Q2 25
$1.2B
$1.0B
Q1 25
$1.2B
$1.1B
Q4 24
$1.1B
$1.1B
Q3 24
$1.1B
$1.1B
Q2 24
$1.0B
$1.2B
Q1 24
$997.1M
$1.5B
Debt / Equity
FROG
FROG
GDEN
GDEN
Q4 25
1.01×
Q3 25
0.96×
Q2 25
0.95×
Q1 25
0.86×
Q4 24
0.85×
Q3 24
0.75×
Q2 24
0.72×
Q1 24
1.16×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FROG
FROG
GDEN
GDEN
Operating Cash FlowLast quarter
$50.7M
$10.2M
Free Cash FlowOCF − Capex
$49.9M
$-4.4M
FCF MarginFCF / Revenue
34.3%
-2.8%
Capex IntensityCapex / Revenue
0.6%
9.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$142.3M
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FROG
FROG
GDEN
GDEN
Q4 25
$50.7M
$10.2M
Q3 25
$30.2M
$26.9M
Q2 25
$36.1M
$17.4M
Q1 25
$28.8M
$28.6M
Q4 24
$49.1M
$22.5M
Q3 24
$27.6M
$22.5M
Q2 24
$16.7M
$21.5M
Q1 24
$17.5M
$25.8M
Free Cash Flow
FROG
FROG
GDEN
GDEN
Q4 25
$49.9M
$-4.4M
Q3 25
$28.8M
$19.3M
Q2 25
$35.5M
$4.0M
Q1 25
$28.1M
$16.6M
Q4 24
$48.5M
$14.3M
Q3 24
$26.7M
$14.7M
Q2 24
$16.0M
$3.9M
Q1 24
$16.6M
$9.5M
FCF Margin
FROG
FROG
GDEN
GDEN
Q4 25
34.3%
-2.8%
Q3 25
21.0%
12.5%
Q2 25
27.9%
2.4%
Q1 25
23.0%
10.4%
Q4 24
41.8%
8.7%
Q3 24
24.5%
9.1%
Q2 24
15.5%
2.3%
Q1 24
16.6%
5.5%
Capex Intensity
FROG
FROG
GDEN
GDEN
Q4 25
0.6%
9.4%
Q3 25
1.0%
4.9%
Q2 25
0.5%
8.2%
Q1 25
0.5%
7.4%
Q4 24
0.5%
5.0%
Q3 24
0.9%
4.9%
Q2 24
0.7%
10.5%
Q1 24
0.8%
9.3%
Cash Conversion
FROG
FROG
GDEN
GDEN
Q4 25
Q3 25
Q2 25
3.76×
Q1 25
11.43×
Q4 24
7.57×
Q3 24
4.36×
Q2 24
34.51×
Q1 24
0.61×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FROG
FROG

Segment breakdown not available.

GDEN
GDEN

Nevada Casino Resorts$90.2M58%
Nevada Locals Casinos$37.4M24%
Nevada Taverns$27.7M18%

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