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Side-by-side financial comparison of JFrog Ltd (FROG) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $145.3M, roughly 1.7× JFrog Ltd). ONESPAWORLD HOLDINGS Ltd runs the higher net margin — 5.0% vs -10.5%, a 15.4% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 11.5%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $14.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 7.1%).
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.
FROG vs OSW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $242.1M |
| Net Profit | $-15.2M | $12.1M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 6.8% |
| Net Margin | -10.5% | 5.0% |
| Revenue YoY | 25.2% | 11.5% |
| Net Profit YoY | 34.4% | -16.2% |
| EPS (diluted) | $-0.13 | $0.12 |
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 | $242.1M | ||
| Q3 25 | $136.9M | $258.5M | ||
| Q2 25 | $127.2M | $240.7M | ||
| Q1 25 | $122.4M | $219.6M | ||
| Q4 24 | $116.1M | $217.2M | ||
| Q3 24 | $109.1M | $241.7M | ||
| Q2 24 | $103.0M | $224.9M | ||
| Q1 24 | $100.3M | $211.2M |
| Q4 25 | $-15.2M | $12.1M | ||
| Q3 25 | $-16.4M | $24.3M | ||
| Q2 25 | $-21.7M | $19.9M | ||
| Q1 25 | $-18.5M | $15.3M | ||
| Q4 24 | $-23.2M | $14.4M | ||
| Q3 24 | $-22.9M | $21.6M | ||
| Q2 24 | $-14.3M | $15.8M | ||
| Q1 24 | $-8.8M | $21.2M |
| 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% | 6.8% | ||
| Q3 25 | -15.8% | 10.2% | ||
| Q2 25 | -20.4% | 9.2% | ||
| Q1 25 | -18.8% | 7.7% | ||
| Q4 24 | -21.9% | 7.9% | ||
| Q3 24 | -27.4% | 10.3% | ||
| Q2 24 | -18.6% | 8.4% | ||
| Q1 24 | -16.6% | 8.0% |
| Q4 25 | -10.5% | 5.0% | ||
| Q3 25 | -12.0% | 9.4% | ||
| Q2 25 | -17.0% | 8.3% | ||
| Q1 25 | -15.1% | 7.0% | ||
| Q4 24 | -20.0% | 6.6% | ||
| Q3 24 | -21.0% | 8.9% | ||
| Q2 24 | -13.9% | 7.0% | ||
| Q1 24 | -8.8% | 10.0% |
| Q4 25 | $-0.13 | $0.12 | ||
| Q3 25 | $-0.14 | $0.23 | ||
| Q2 25 | $-0.19 | $0.19 | ||
| Q1 25 | $-0.16 | $0.15 | ||
| Q4 24 | $-0.21 | $0.13 | ||
| Q3 24 | $-0.21 | $0.20 | ||
| Q2 24 | $-0.13 | $0.15 | ||
| Q1 24 | $-0.08 | $0.21 |
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 | $16.3M |
| Total DebtLower is stronger | — | $84.0M |
| Stockholders' EquityBook value | $887.4M | $542.6M |
| Total Assets | $1.3B | $707.1M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $16.3M | ||
| Q3 25 | $651.1M | $29.6M | ||
| Q2 25 | $611.7M | $35.0M | ||
| Q1 25 | $563.5M | $22.6M | ||
| Q4 24 | $522.0M | $57.4M | ||
| Q3 24 | $467.8M | $48.8M | ||
| Q2 24 | $591.3M | $62.5M | ||
| Q1 24 | $579.6M | $65.4M |
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M | ||
| Q1 24 | — | $138.6M |
| Q4 25 | $887.4M | $542.6M | ||
| Q3 25 | $859.4M | $552.8M | ||
| Q2 25 | $826.5M | $548.3M | ||
| Q1 25 | $800.0M | $530.6M | ||
| Q4 24 | $773.5M | $554.5M | ||
| Q3 24 | $756.2M | $540.1M | ||
| Q2 24 | $721.4M | $532.7M | ||
| Q1 24 | $707.8M | $515.5M |
| Q4 25 | $1.3B | $707.1M | ||
| Q3 25 | $1.3B | $732.6M | ||
| Q2 25 | $1.2B | $731.8M | ||
| Q1 25 | $1.2B | $708.7M | ||
| Q4 24 | $1.1B | $746.4M | ||
| Q3 24 | $1.1B | $734.0M | ||
| Q2 24 | $1.0B | $756.8M | ||
| Q1 24 | $997.1M | $763.6M |
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× | ||
| Q1 24 | — | 0.27× |
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 | $20.0M |
| Free Cash FlowOCF − Capex | $49.9M | $14.9M |
| FCF MarginFCF / Revenue | 34.3% | 6.2% |
| Capex IntensityCapex / Revenue | 0.6% | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $20.0M | ||
| Q3 25 | $30.2M | $33.2M | ||
| Q2 25 | $36.1M | $20.3M | ||
| Q1 25 | $28.8M | $10.1M | ||
| Q4 24 | $49.1M | $16.6M | ||
| Q3 24 | $27.6M | $28.6M | ||
| Q2 24 | $16.7M | $18.7M | ||
| Q1 24 | $17.5M | $15.0M |
| Q4 25 | $49.9M | $14.9M | ||
| Q3 25 | $28.8M | $27.6M | ||
| Q2 25 | $35.5M | $17.6M | ||
| Q1 25 | $28.1M | $8.4M | ||
| Q4 24 | $48.5M | $13.2M | ||
| Q3 24 | $26.7M | $27.5M | ||
| Q2 24 | $16.0M | $17.6M | ||
| Q1 24 | $16.6M | $13.7M |
| Q4 25 | 34.3% | 6.2% | ||
| Q3 25 | 21.0% | 10.7% | ||
| Q2 25 | 27.9% | 7.3% | ||
| Q1 25 | 23.0% | 3.8% | ||
| Q4 24 | 41.8% | 6.1% | ||
| Q3 24 | 24.5% | 11.4% | ||
| Q2 24 | 15.5% | 7.8% | ||
| Q1 24 | 16.6% | 6.5% |
| Q4 25 | 0.6% | 2.1% | ||
| Q3 25 | 1.0% | 2.2% | ||
| Q2 25 | 0.5% | 1.1% | ||
| Q1 25 | 0.5% | 0.8% | ||
| Q4 24 | 0.5% | 1.5% | ||
| Q3 24 | 0.9% | 0.5% | ||
| Q2 24 | 0.7% | 0.5% | ||
| Q1 24 | 0.8% | 0.6% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.02× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 1.33× | ||
| Q2 24 | — | 1.19× | ||
| Q1 24 | — | 0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
