vs
Side-by-side financial comparison of JFrog Ltd (FROG) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $145.3M, roughly 1.2× JFrog Ltd). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -10.5%, a 29.6% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 25.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-23.6M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -8.7%).
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.
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
FROG vs JRVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $167.7M |
| Net Profit | $-15.2M | $32.1M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 14.6% |
| Net Margin | -10.5% | 19.1% |
| Revenue YoY | 25.2% | 32.4% |
| Net Profit YoY | 34.4% | 149.5% |
| EPS (diluted) | $-0.13 | $0.59 |
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 | $167.7M | ||
| Q3 25 | $136.9M | $172.7M | ||
| Q2 25 | $127.2M | $174.8M | ||
| Q1 25 | $122.4M | $172.3M | ||
| Q4 24 | $116.1M | $126.7M | ||
| Q3 24 | $109.1M | $191.5M | ||
| Q2 24 | $103.0M | $188.3M | ||
| Q1 24 | $100.3M | $201.1M |
| Q4 25 | $-15.2M | $32.1M | ||
| Q3 25 | $-16.4M | $1.0M | ||
| Q2 25 | $-21.7M | $4.8M | ||
| Q1 25 | $-18.5M | $9.6M | ||
| Q4 24 | $-23.2M | $-64.8M | ||
| Q3 24 | $-22.9M | $-39.4M | ||
| Q2 24 | $-14.3M | $7.6M | ||
| Q1 24 | $-8.8M | $15.4M |
| 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% | 14.6% | ||
| Q3 25 | -15.8% | 1.5% | ||
| Q2 25 | -20.4% | 4.2% | ||
| Q1 25 | -18.8% | 9.3% | ||
| Q4 24 | -21.9% | -57.0% | ||
| Q3 24 | -27.4% | -27.1% | ||
| Q2 24 | -18.6% | 10.7% | ||
| Q1 24 | -16.6% | 16.4% |
| Q4 25 | -10.5% | 19.1% | ||
| Q3 25 | -12.0% | 0.6% | ||
| Q2 25 | -17.0% | 2.7% | ||
| Q1 25 | -15.1% | 5.6% | ||
| Q4 24 | -20.0% | -51.1% | ||
| Q3 24 | -21.0% | -20.6% | ||
| Q2 24 | -13.9% | 4.0% | ||
| Q1 24 | -8.8% | 7.7% |
| Q4 25 | $-0.13 | $0.59 | ||
| Q3 25 | $-0.14 | $-0.02 | ||
| Q2 25 | $-0.19 | $0.06 | ||
| Q1 25 | $-0.16 | $0.16 | ||
| Q4 24 | $-0.21 | $-2.44 | ||
| Q3 24 | $-0.21 | $-1.10 | ||
| Q2 24 | $-0.13 | $0.13 | ||
| Q1 24 | $-0.08 | $0.35 |
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 | $260.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $538.2M |
| Total Assets | $1.3B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $260.9M | ||
| Q3 25 | $651.1M | $238.8M | ||
| Q2 25 | $611.7M | $220.0M | ||
| Q1 25 | $563.5M | $279.4M | ||
| Q4 24 | $522.0M | $362.3M | ||
| Q3 24 | $467.8M | $359.8M | ||
| Q2 24 | $591.3M | $672.5M | ||
| Q1 24 | $579.6M | $305.5M |
| Q4 25 | $887.4M | $538.2M | ||
| Q3 25 | $859.4M | $503.6M | ||
| Q2 25 | $826.5M | $492.6M | ||
| Q1 25 | $800.0M | $484.5M | ||
| Q4 24 | $773.5M | $460.9M | ||
| Q3 24 | $756.2M | $530.3M | ||
| Q2 24 | $721.4M | $541.8M | ||
| Q1 24 | $707.8M | $539.5M |
| Q4 25 | $1.3B | $4.9B | ||
| Q3 25 | $1.3B | $5.0B | ||
| Q2 25 | $1.2B | $5.0B | ||
| Q1 25 | $1.2B | $4.9B | ||
| Q4 24 | $1.1B | $5.0B | ||
| Q3 24 | $1.1B | $5.0B | ||
| Q2 24 | $1.0B | $4.7B | ||
| Q1 24 | $997.1M | $5.3B |
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 | $-18.8M |
| Free Cash FlowOCF − Capex | $49.9M | $-23.6M |
| FCF MarginFCF / Revenue | 34.3% | -14.1% |
| Capex IntensityCapex / Revenue | 0.6% | 2.9% |
| Cash ConversionOCF / Net Profit | — | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-17.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $-18.8M | ||
| Q3 25 | $30.2M | $34.3M | ||
| Q2 25 | $36.1M | $25.2M | ||
| Q1 25 | $28.8M | $-51.5M | ||
| Q4 24 | $49.1M | $-247.1M | ||
| Q3 24 | $27.6M | $-269.9M | ||
| Q2 24 | $16.7M | $-8.7M | ||
| Q1 24 | $17.5M | $24.1M |
| Q4 25 | $49.9M | $-23.6M | ||
| Q3 25 | $28.8M | $33.7M | ||
| Q2 25 | $35.5M | $24.7M | ||
| Q1 25 | $28.1M | $-52.7M | ||
| Q4 24 | $48.5M | $-252.0M | ||
| Q3 24 | $26.7M | $-270.8M | ||
| Q2 24 | $16.0M | $-9.3M | ||
| Q1 24 | $16.6M | $23.3M |
| Q4 25 | 34.3% | -14.1% | ||
| Q3 25 | 21.0% | 19.5% | ||
| Q2 25 | 27.9% | 14.1% | ||
| Q1 25 | 23.0% | -30.6% | ||
| Q4 24 | 41.8% | -198.9% | ||
| Q3 24 | 24.5% | -141.4% | ||
| Q2 24 | 15.5% | -4.9% | ||
| Q1 24 | 16.6% | 11.6% |
| Q4 25 | 0.6% | 2.9% | ||
| Q3 25 | 1.0% | 0.4% | ||
| Q2 25 | 0.5% | 0.3% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 0.5% | 3.9% | ||
| Q3 24 | 0.9% | 0.4% | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 0.8% | 0.4% |
| Q4 25 | — | -0.59× | ||
| Q3 25 | — | 33.61× | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | -5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.14× | ||
| Q1 24 | — | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
