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Side-by-side financial comparison of JFrog Ltd (FROG) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $84.2M, roughly 1.7× iQSTEL Inc). iQSTEL Inc runs the higher net margin — -3.2% vs -10.5%, a 7.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -14.9%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
FROG vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $84.2M |
| Net Profit | $-15.2M | $-2.7M |
| Gross Margin | 77.9% | 3.5% |
| Operating Margin | -14.7% | -2.9% |
| Net Margin | -10.5% | -3.2% |
| Revenue YoY | 25.2% | -14.9% |
| Net Profit YoY | 34.4% | -44.5% |
| EPS (diluted) | $-0.13 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $136.9M | $102.9M | ||
| Q2 25 | $127.2M | $72.2M | ||
| Q1 25 | $122.4M | $57.6M | ||
| Q4 24 | $116.1M | $98.9M | ||
| Q3 24 | $109.1M | $54.2M | ||
| Q2 24 | $103.0M | $78.6M | ||
| Q1 24 | $100.3M | $51.4M |
| Q4 25 | $-15.2M | $-2.7M | ||
| Q3 25 | $-16.4M | $-2.3M | ||
| Q2 25 | $-21.7M | $-2.3M | ||
| Q1 25 | $-18.5M | $-1.1M | ||
| Q4 24 | $-23.2M | $-1.9M | ||
| Q3 24 | $-22.9M | $-773.0K | ||
| Q2 24 | $-14.3M | $-2.0M | ||
| Q1 24 | $-8.8M | $-580.2K |
| Q4 25 | 77.9% | 3.5% | ||
| Q3 25 | 77.4% | 2.7% | ||
| Q2 25 | 76.3% | 2.6% | ||
| Q1 25 | 75.3% | 3.4% | ||
| Q4 24 | 75.4% | 2.7% | ||
| Q3 24 | 75.0% | 3.7% | ||
| Q2 24 | 78.8% | 2.8% | ||
| Q1 24 | 79.5% | 2.7% |
| Q4 25 | -14.7% | -2.9% | ||
| Q3 25 | -15.8% | -0.5% | ||
| Q2 25 | -20.4% | -0.9% | ||
| Q1 25 | -18.8% | -1.0% | ||
| Q4 24 | -21.9% | -0.3% | ||
| Q3 24 | -27.4% | -0.1% | ||
| Q2 24 | -18.6% | -0.4% | ||
| Q1 24 | -16.6% | -0.4% |
| Q4 25 | -10.5% | -3.2% | ||
| Q3 25 | -12.0% | -2.3% | ||
| Q2 25 | -17.0% | -3.3% | ||
| Q1 25 | -15.1% | -2.0% | ||
| Q4 24 | -20.0% | -1.9% | ||
| Q3 24 | -21.0% | -1.4% | ||
| Q2 24 | -13.9% | -2.5% | ||
| Q1 24 | -8.8% | -1.1% |
| Q4 25 | $-0.13 | $-0.92 | ||
| Q3 25 | $-0.14 | $-0.68 | ||
| Q2 25 | $-0.19 | $-0.82 | ||
| Q1 25 | $-0.16 | $-0.44 | ||
| Q4 24 | $-0.21 | $-1.19 | ||
| Q3 24 | $-0.21 | $-0.40 | ||
| Q2 24 | $-0.13 | $-0.90 | ||
| Q1 24 | $-0.08 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $887.4M | $16.3M |
| Total Assets | $1.3B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $2.2M | ||
| Q3 25 | $651.1M | $2.3M | ||
| Q2 25 | $611.7M | $2.0M | ||
| Q1 25 | $563.5M | $1.1M | ||
| Q4 24 | $522.0M | $2.5M | ||
| Q3 24 | $467.8M | $2.1M | ||
| Q2 24 | $591.3M | $797.2K | ||
| Q1 24 | $579.6M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $887.4M | $16.3M | ||
| Q3 25 | $859.4M | $17.9M | ||
| Q2 25 | $826.5M | $14.3M | ||
| Q1 25 | $800.0M | $11.6M | ||
| Q4 24 | $773.5M | $11.9M | ||
| Q3 24 | $756.2M | $8.1M | ||
| Q2 24 | $721.4M | $7.6M | ||
| Q1 24 | $707.8M | $8.4M |
| Q4 25 | $1.3B | $51.1M | ||
| Q3 25 | $1.3B | $46.9M | ||
| Q2 25 | $1.2B | $51.4M | ||
| Q1 25 | $1.2B | $42.0M | ||
| Q4 24 | $1.1B | $79.0M | ||
| Q3 24 | $1.1B | $32.4M | ||
| Q2 24 | $1.0B | $30.0M | ||
| Q1 24 | $997.1M | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $49.9M | $-1.2M |
| FCF MarginFCF / Revenue | 34.3% | -1.5% |
| Capex IntensityCapex / Revenue | 0.6% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $-1.2M | ||
| Q3 25 | $30.2M | $-953.0K | ||
| Q2 25 | $36.1M | $257.7K | ||
| Q1 25 | $28.8M | $-1.9M | ||
| Q4 24 | $49.1M | $-403.7K | ||
| Q3 24 | $27.6M | $625.0K | ||
| Q2 24 | $16.7M | $-2.6M | ||
| Q1 24 | $17.5M | $-536.9K |
| Q4 25 | $49.9M | $-1.2M | ||
| Q3 25 | $28.8M | $-969.2K | ||
| Q2 25 | $35.5M | $211.7K | ||
| Q1 25 | $28.1M | $-2.0M | ||
| Q4 24 | $48.5M | $-421.3K | ||
| Q3 24 | $26.7M | $594.5K | ||
| Q2 24 | $16.0M | $-2.6M | ||
| Q1 24 | $16.6M | $-608.5K |
| Q4 25 | 34.3% | -1.5% | ||
| Q3 25 | 21.0% | -0.9% | ||
| Q2 25 | 27.9% | 0.3% | ||
| Q1 25 | 23.0% | -3.4% | ||
| Q4 24 | 41.8% | -0.4% | ||
| Q3 24 | 24.5% | 1.1% | ||
| Q2 24 | 15.5% | -3.4% | ||
| Q1 24 | 16.6% | -1.2% |
| Q4 25 | 0.6% | 0.0% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | 0.5% | 0.0% | ||
| Q3 24 | 0.9% | 0.1% | ||
| Q2 24 | 0.7% | 0.0% | ||
| Q1 24 | 0.8% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
