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Side-by-side financial comparison of JFrog Ltd (FROG) and Gogo Inc. (GOGO). Click either name above to swap in a different company.
Gogo Inc. is the larger business by last-quarter revenue ($230.6M vs $145.3M, roughly 1.6× JFrog Ltd). Gogo Inc. runs the higher net margin — -4.3% vs -10.5%, a 6.1% gap on every dollar of revenue. On growth, Gogo Inc. posted the faster year-over-year revenue change (67.3% vs 25.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-25.4M). Over the past eight quarters, Gogo Inc.'s revenue compounded faster (48.7% 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.
Gogo Inc. is an American provider of in-flight broadband Internet service and other connectivity services for business aircraft, headquartered in Broomfield, Colorado. Through its Gogo LLC subsidiary, Gogo previously provided in-flight WiFi to 17 airlines until the Commercial Air business was sold to Intelsat for $400 million in December 2020. According to Gogo, over 2,500 commercial aircraft and 6,600 business aircraft have been equipped with its onboard Wi-Fi services. The company is the de...
FROG vs GOGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $230.6M |
| Net Profit | $-15.2M | $-10.0M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 6.2% |
| Net Margin | -10.5% | -4.3% |
| Revenue YoY | 25.2% | 67.3% |
| Net Profit YoY | 34.4% | 64.6% |
| EPS (diluted) | $-0.13 | $-0.08 |
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 | $230.6M | ||
| Q3 25 | $136.9M | $223.6M | ||
| Q2 25 | $127.2M | $226.0M | ||
| Q1 25 | $122.4M | $230.3M | ||
| Q4 24 | $116.1M | $137.8M | ||
| Q3 24 | $109.1M | $100.5M | ||
| Q2 24 | $103.0M | $102.1M | ||
| Q1 24 | $100.3M | $104.3M |
| Q4 25 | $-15.2M | $-10.0M | ||
| Q3 25 | $-16.4M | $-1.9M | ||
| Q2 25 | $-21.7M | $12.8M | ||
| Q1 25 | $-18.5M | $12.0M | ||
| Q4 24 | $-23.2M | $-28.2M | ||
| Q3 24 | $-22.9M | $10.6M | ||
| Q2 24 | $-14.3M | $839.0K | ||
| Q1 24 | $-8.8M | $30.5M |
| Q4 25 | 77.9% | — | ||
| Q3 25 | 77.4% | — | ||
| Q2 25 | 76.3% | 87.8% | ||
| Q1 25 | 75.3% | 87.3% | ||
| Q4 24 | 75.4% | — | ||
| Q3 24 | 75.0% | — | ||
| Q2 24 | 78.8% | — | ||
| Q1 24 | 79.5% | — |
| Q4 25 | -14.7% | 6.2% | ||
| Q3 25 | -15.8% | 12.9% | ||
| Q2 25 | -20.4% | 15.9% | ||
| Q1 25 | -18.8% | 15.3% | ||
| Q4 24 | -21.9% | -17.5% | ||
| Q3 24 | -27.4% | 19.0% | ||
| Q2 24 | -18.6% | 21.2% | ||
| Q1 24 | -16.6% | 33.2% |
| Q4 25 | -10.5% | -4.3% | ||
| Q3 25 | -12.0% | -0.9% | ||
| Q2 25 | -17.0% | 5.7% | ||
| Q1 25 | -15.1% | 5.2% | ||
| Q4 24 | -20.0% | -20.5% | ||
| Q3 24 | -21.0% | 10.6% | ||
| Q2 24 | -13.9% | 0.8% | ||
| Q1 24 | -8.8% | 29.2% |
| Q4 25 | $-0.13 | $-0.08 | ||
| Q3 25 | $-0.14 | $-0.01 | ||
| Q2 25 | $-0.19 | $0.09 | ||
| Q1 25 | $-0.16 | $0.09 | ||
| Q4 24 | $-0.21 | $-0.22 | ||
| Q3 24 | $-0.21 | $0.08 | ||
| Q2 24 | $-0.13 | $0.01 | ||
| Q1 24 | $-0.08 | $0.23 |
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 | $125.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $101.1M |
| Total Assets | $1.3B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $125.2M | ||
| Q3 25 | $651.1M | $133.6M | ||
| Q2 25 | $611.7M | $102.1M | ||
| Q1 25 | $563.5M | $70.3M | ||
| Q4 24 | $522.0M | $41.8M | ||
| Q3 24 | $467.8M | $176.7M | ||
| Q2 24 | $591.3M | $161.6M | ||
| Q1 24 | $579.6M | $152.8M |
| Q4 25 | $887.4M | $101.1M | ||
| Q3 25 | $859.4M | $107.0M | ||
| Q2 25 | $826.5M | $102.8M | ||
| Q1 25 | $800.0M | $82.9M | ||
| Q4 24 | $773.5M | $69.3M | ||
| Q3 24 | $756.2M | $52.7M | ||
| Q2 24 | $721.4M | $52.0M | ||
| Q1 24 | $707.8M | $62.4M |
| Q4 25 | $1.3B | $1.3B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.2B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $810.7M | ||
| Q2 24 | $1.0B | $802.7M | ||
| Q1 24 | $997.1M | $809.0M |
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 | $8.5M |
| Free Cash FlowOCF − Capex | $49.9M | $-25.4M |
| FCF MarginFCF / Revenue | 34.3% | -11.0% |
| Capex IntensityCapex / Revenue | 0.6% | 14.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $65.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $8.5M | ||
| Q3 25 | $30.2M | $46.8M | ||
| Q2 25 | $36.1M | $36.7M | ||
| Q1 25 | $28.8M | $32.5M | ||
| Q4 24 | $49.1M | $-38.3M | ||
| Q3 24 | $27.6M | $25.1M | ||
| Q2 24 | $16.7M | $24.9M | ||
| Q1 24 | $17.5M | $29.7M |
| Q4 25 | $49.9M | $-25.4M | ||
| Q3 25 | $28.8M | $27.3M | ||
| Q2 25 | $35.5M | $33.5M | ||
| Q1 25 | $28.1M | $29.7M | ||
| Q4 24 | $48.5M | $-42.6M | ||
| Q3 24 | $26.7M | $20.7M | ||
| Q2 24 | $16.0M | $21.6M | ||
| Q1 24 | $16.6M | $28.2M |
| Q4 25 | 34.3% | -11.0% | ||
| Q3 25 | 21.0% | 12.2% | ||
| Q2 25 | 27.9% | 14.8% | ||
| Q1 25 | 23.0% | 12.9% | ||
| Q4 24 | 41.8% | -30.9% | ||
| Q3 24 | 24.5% | 20.6% | ||
| Q2 24 | 15.5% | 21.1% | ||
| Q1 24 | 16.6% | 27.0% |
| Q4 25 | 0.6% | 14.7% | ||
| Q3 25 | 1.0% | 8.7% | ||
| Q2 25 | 0.5% | 1.4% | ||
| Q1 25 | 0.5% | 1.2% | ||
| Q4 24 | 0.5% | 3.1% | ||
| Q3 24 | 0.9% | 4.4% | ||
| Q2 24 | 0.7% | 3.3% | ||
| Q1 24 | 0.8% | 1.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.87× | ||
| Q1 25 | — | 2.70× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 2.36× | ||
| Q2 24 | — | 29.74× | ||
| Q1 24 | — | 0.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
GOGO
| Services | $191.9M | 83% |
| Products | $38.7M | 17% |
| Fcc Reimbursement Program | $2.0M | 1% |
