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Side-by-side financial comparison of JFrog Ltd (FROG) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $145.3M, roughly 1.2× JFrog Ltd). QUALYS, INC. runs the higher net margin — 30.3% vs -10.5%, a 40.8% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 10.1%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $49.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 9.6%).
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.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
FROG vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $175.3M |
| Net Profit | $-15.2M | $53.1M |
| Gross Margin | 77.9% | 83.4% |
| Operating Margin | -14.7% | 33.6% |
| Net Margin | -10.5% | 30.3% |
| Revenue YoY | 25.2% | 10.1% |
| Net Profit YoY | 34.4% | 20.9% |
| EPS (diluted) | $-0.13 | $1.47 |
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 | $175.3M | ||
| Q3 25 | $136.9M | $169.9M | ||
| Q2 25 | $127.2M | $164.1M | ||
| Q1 25 | $122.4M | $159.9M | ||
| Q4 24 | $116.1M | $159.2M | ||
| Q3 24 | $109.1M | $153.9M | ||
| Q2 24 | $103.0M | $148.7M | ||
| Q1 24 | $100.3M | $145.8M |
| Q4 25 | $-15.2M | $53.1M | ||
| Q3 25 | $-16.4M | $50.3M | ||
| Q2 25 | $-21.7M | $47.3M | ||
| Q1 25 | $-18.5M | $47.5M | ||
| Q4 24 | $-23.2M | $44.0M | ||
| Q3 24 | $-22.9M | $46.2M | ||
| Q2 24 | $-14.3M | $43.8M | ||
| Q1 24 | $-8.8M | $39.7M |
| Q4 25 | 77.9% | 83.4% | ||
| Q3 25 | 77.4% | 83.6% | ||
| Q2 25 | 76.3% | 82.4% | ||
| Q1 25 | 75.3% | 81.9% | ||
| Q4 24 | 75.4% | 81.8% | ||
| Q3 24 | 75.0% | 81.3% | ||
| Q2 24 | 78.8% | 82.2% | ||
| Q1 24 | 79.5% | 81.3% |
| Q4 25 | -14.7% | 33.6% | ||
| Q3 25 | -15.8% | 35.3% | ||
| Q2 25 | -20.4% | 31.3% | ||
| Q1 25 | -18.8% | 32.4% | ||
| Q4 24 | -21.9% | 31.0% | ||
| Q3 24 | -27.4% | 29.2% | ||
| Q2 24 | -18.6% | 32.3% | ||
| Q1 24 | -16.6% | 30.7% |
| Q4 25 | -10.5% | 30.3% | ||
| Q3 25 | -12.0% | 29.6% | ||
| Q2 25 | -17.0% | 28.8% | ||
| Q1 25 | -15.1% | 29.7% | ||
| Q4 24 | -20.0% | 27.6% | ||
| Q3 24 | -21.0% | 30.0% | ||
| Q2 24 | -13.9% | 29.4% | ||
| Q1 24 | -8.8% | 27.2% |
| Q4 25 | $-0.13 | $1.47 | ||
| Q3 25 | $-0.14 | $1.39 | ||
| Q2 25 | $-0.19 | $1.29 | ||
| Q1 25 | $-0.16 | $1.29 | ||
| Q4 24 | $-0.21 | $1.19 | ||
| Q3 24 | $-0.21 | $1.24 | ||
| Q2 24 | $-0.13 | $1.17 | ||
| Q1 24 | $-0.08 | $1.05 |
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 | $250.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $561.2M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $250.3M | ||
| Q3 25 | $651.1M | $225.3M | ||
| Q2 25 | $611.7M | $194.0M | ||
| Q1 25 | $563.5M | $290.7M | ||
| Q4 24 | $522.0M | $232.2M | ||
| Q3 24 | $467.8M | $235.4M | ||
| Q2 24 | $591.3M | $281.2M | ||
| Q1 24 | $579.6M | $273.8M |
| Q4 25 | $887.4M | $561.2M | ||
| Q3 25 | $859.4M | $529.4M | ||
| Q2 25 | $826.5M | $508.2M | ||
| Q1 25 | $800.0M | $498.0M | ||
| Q4 24 | $773.5M | $477.1M | ||
| Q3 24 | $756.2M | $449.6M | ||
| Q2 24 | $721.4M | $427.8M | ||
| Q1 24 | $707.8M | $404.2M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.2B | $999.5M | ||
| Q1 25 | $1.2B | $996.5M | ||
| Q4 24 | $1.1B | $973.5M | ||
| Q3 24 | $1.1B | $908.3M | ||
| Q2 24 | $1.0B | $876.6M | ||
| Q1 24 | $997.1M | $861.8M |
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 | $75.7M |
| Free Cash FlowOCF − Capex | $49.9M | $74.9M |
| FCF MarginFCF / Revenue | 34.3% | 42.8% |
| Capex IntensityCapex / Revenue | 0.6% | 0.4% |
| Cash ConversionOCF / Net Profit | — | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $75.7M | ||
| Q3 25 | $30.2M | $90.4M | ||
| Q2 25 | $36.1M | $33.8M | ||
| Q1 25 | $28.8M | $109.6M | ||
| Q4 24 | $49.1M | $47.7M | ||
| Q3 24 | $27.6M | $61.0M | ||
| Q2 24 | $16.7M | $49.8M | ||
| Q1 24 | $17.5M | $85.5M |
| Q4 25 | $49.9M | $74.9M | ||
| Q3 25 | $28.8M | $89.5M | ||
| Q2 25 | $35.5M | $32.4M | ||
| Q1 25 | $28.1M | $107.5M | ||
| Q4 24 | $48.5M | $41.9M | ||
| Q3 24 | $26.7M | $57.6M | ||
| Q2 24 | $16.0M | $48.8M | ||
| Q1 24 | $16.6M | $83.5M |
| Q4 25 | 34.3% | 42.8% | ||
| Q3 25 | 21.0% | 52.7% | ||
| Q2 25 | 27.9% | 19.8% | ||
| Q1 25 | 23.0% | 67.3% | ||
| Q4 24 | 41.8% | 26.3% | ||
| Q3 24 | 24.5% | 37.4% | ||
| Q2 24 | 15.5% | 32.8% | ||
| Q1 24 | 16.6% | 57.2% |
| Q4 25 | 0.6% | 0.4% | ||
| Q3 25 | 1.0% | 0.5% | ||
| Q2 25 | 0.5% | 0.8% | ||
| Q1 25 | 0.5% | 1.3% | ||
| Q4 24 | 0.5% | 3.7% | ||
| Q3 24 | 0.9% | 2.2% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 0.8% | 1.4% |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 2.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
