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Side-by-side financial comparison of JFrog Ltd (FROG) and Iridium Communications Inc. (IRDM). Click either name above to swap in a different company.
Iridium Communications Inc. is the larger business by last-quarter revenue ($219.1M vs $145.3M, roughly 1.5× JFrog Ltd). Iridium Communications Inc. runs the higher net margin — 9.9% vs -10.5%, a 20.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 1.9%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 4.4%).
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.
Iridium Communications Inc. is a publicly traded American company headquartered in McLean, Virginia, United States. Iridium operates the Iridium satellite constellation, a system of 80 satellites: 66 are active satellites and the remaining fourteen function as in-orbit spares. Iridium Satellites are used for worldwide voice and data communication from handheld satellite phones, satellite messenger communication devices and integrated transceivers, as well as for two-way satellite messaging se...
FROG vs IRDM — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $219.1M |
| Net Profit | $-15.2M | $21.6M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 23.2% |
| Net Margin | -10.5% | 9.9% |
| Revenue YoY | 25.2% | 1.9% |
| Net Profit YoY | 34.4% | — |
| EPS (diluted) | $-0.13 | — |
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.
| Q1 26 | — | $219.1M | ||
| Q4 25 | $145.3M | $212.9M | ||
| Q3 25 | $136.9M | $226.9M | ||
| Q2 25 | $127.2M | $216.9M | ||
| Q1 25 | $122.4M | $214.9M | ||
| Q4 24 | $116.1M | $213.0M | ||
| Q3 24 | $109.1M | $212.8M | ||
| Q2 24 | $103.0M | $201.1M |
| Q1 26 | — | $21.6M | ||
| Q4 25 | $-15.2M | $24.9M | ||
| Q3 25 | $-16.4M | $37.1M | ||
| Q2 25 | $-21.7M | $22.0M | ||
| Q1 25 | $-18.5M | $30.4M | ||
| Q4 24 | $-23.2M | $36.3M | ||
| Q3 24 | $-22.9M | $24.4M | ||
| Q2 24 | $-14.3M | $32.3M |
| Q1 26 | — | — | ||
| 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 26 | — | 23.2% | ||
| Q4 25 | -14.7% | 25.9% | ||
| Q3 25 | -15.8% | 30.9% | ||
| Q2 25 | -20.4% | 23.2% | ||
| Q1 25 | -18.8% | 28.1% | ||
| Q4 24 | -21.9% | 24.5% | ||
| Q3 24 | -27.4% | 25.8% | ||
| Q2 24 | -18.6% | 21.7% |
| Q1 26 | — | 9.9% | ||
| Q4 25 | -10.5% | 11.7% | ||
| Q3 25 | -12.0% | 16.4% | ||
| Q2 25 | -17.0% | 10.1% | ||
| Q1 25 | -15.1% | 14.2% | ||
| Q4 24 | -20.0% | 17.1% | ||
| Q3 24 | -21.0% | 11.5% | ||
| Q2 24 | -13.9% | 16.1% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.13 | $0.24 | ||
| Q3 25 | $-0.14 | $0.35 | ||
| Q2 25 | $-0.19 | $0.20 | ||
| Q1 25 | $-0.16 | $0.27 | ||
| Q4 24 | $-0.21 | $0.30 | ||
| Q3 24 | $-0.21 | $0.21 | ||
| Q2 24 | $-0.13 | $0.27 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | — |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $704.4M | $96.5M | ||
| Q3 25 | $651.1M | $88.5M | ||
| Q2 25 | $611.7M | $79.3M | ||
| Q1 25 | $563.5M | $50.9M | ||
| Q4 24 | $522.0M | $93.5M | ||
| Q3 24 | $467.8M | $159.6M | ||
| Q2 24 | $591.3M | $63.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.8B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $1.8B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $887.4M | $462.6M | ||
| Q3 25 | $859.4M | $450.5M | ||
| Q2 25 | $826.5M | $473.6M | ||
| Q1 25 | $800.0M | $518.4M | ||
| Q4 24 | $773.5M | $576.6M | ||
| Q3 24 | $756.2M | $663.8M | ||
| Q2 24 | $721.4M | $786.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $2.5B | ||
| Q3 25 | $1.3B | $2.6B | ||
| Q2 25 | $1.2B | $2.6B | ||
| Q1 25 | $1.2B | $2.6B | ||
| Q4 24 | $1.1B | $2.7B | ||
| Q3 24 | $1.1B | $2.8B | ||
| Q2 24 | $1.0B | $2.7B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.80× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.05× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| Free Cash FlowOCF − Capex | $49.9M | — |
| FCF MarginFCF / Revenue | 34.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | 13.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $50.7M | $108.6M | ||
| Q3 25 | $30.2M | $100.8M | ||
| Q2 25 | $36.1M | $129.6M | ||
| Q1 25 | $28.8M | $61.1M | ||
| Q4 24 | $49.1M | $104.8M | ||
| Q3 24 | $27.6M | $118.6M | ||
| Q2 24 | $16.7M | $81.1M |
| Q1 26 | — | — | ||
| Q4 25 | $49.9M | $75.1M | ||
| Q3 25 | $28.8M | $79.2M | ||
| Q2 25 | $35.5M | $108.9M | ||
| Q1 25 | $28.1M | $36.5M | ||
| Q4 24 | $48.5M | $80.5M | ||
| Q3 24 | $26.7M | $100.0M | ||
| Q2 24 | $16.0M | $68.7M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | 35.3% | ||
| Q3 25 | 21.0% | 34.9% | ||
| Q2 25 | 27.9% | 50.2% | ||
| Q1 25 | 23.0% | 17.0% | ||
| Q4 24 | 41.8% | 37.8% | ||
| Q3 24 | 24.5% | 47.0% | ||
| Q2 24 | 15.5% | 34.2% |
| Q1 26 | — | 13.7% | ||
| Q4 25 | 0.6% | 15.7% | ||
| Q3 25 | 1.0% | 9.5% | ||
| Q2 25 | 0.5% | 9.5% | ||
| Q1 25 | 0.5% | 11.4% | ||
| Q4 24 | 0.5% | 11.4% | ||
| Q3 24 | 0.9% | 8.7% | ||
| Q2 24 | 0.7% | 6.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.37× | ||
| Q3 25 | — | 2.71× | ||
| Q2 25 | — | 5.90× | ||
| Q1 25 | — | 2.01× | ||
| Q4 24 | — | 2.88× | ||
| Q3 24 | — | 4.85× | ||
| Q2 24 | — | 2.51× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
IRDM
| Voice and data | $57.4M | 26% |
| IoT data (2) | $46.0M | 21% |
| Government | $39.5M | 18% |
| Government service revenue (5) | $27.6M | 13% |
| Subscriber equipment | $20.2M | 9% |
| Hosted payload and other data service (4) | $14.8M | 7% |
| Broadband (3) | $12.2M | 6% |
| Commercial | $1.3M | 1% |
