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Side-by-side financial comparison of JFrog Ltd (FROG) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $78.6M, roughly 1.8× Repay Holdings Corp). JFrog Ltd runs the higher net margin — -10.5% vs -178.3%, a 167.8% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 0.4%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $23.2M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -1.3%).
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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
FROG vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $78.6M |
| Net Profit | $-15.2M | $-140.1M |
| Gross Margin | 77.9% | 74.2% |
| Operating Margin | -14.7% | -182.2% |
| Net Margin | -10.5% | -178.3% |
| Revenue YoY | 25.2% | 0.4% |
| Net Profit YoY | 34.4% | -3304.1% |
| EPS (diluted) | $-0.13 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $136.9M | $77.7M | ||
| Q2 25 | $127.2M | $75.6M | ||
| Q1 25 | $122.4M | $77.3M | ||
| Q4 24 | $116.1M | $78.3M | ||
| Q3 24 | $109.1M | $79.1M | ||
| Q2 24 | $103.0M | $74.9M | ||
| Q1 24 | $100.3M | $80.7M |
| Q4 25 | $-15.2M | $-140.1M | ||
| Q3 25 | $-16.4M | $-6.4M | ||
| Q2 25 | $-21.7M | $-102.3M | ||
| Q1 25 | $-18.5M | $-7.9M | ||
| Q4 24 | $-23.2M | $-4.1M | ||
| Q3 24 | $-22.9M | $3.2M | ||
| Q2 24 | $-14.3M | $-4.1M | ||
| Q1 24 | $-8.8M | $-5.2M |
| Q4 25 | 77.9% | 74.2% | ||
| Q3 25 | 77.4% | 74.4% | ||
| Q2 25 | 76.3% | 75.7% | ||
| Q1 25 | 75.3% | 75.9% | ||
| Q4 24 | 75.4% | 76.3% | ||
| Q3 24 | 75.0% | 77.8% | ||
| Q2 24 | 78.8% | 78.2% | ||
| Q1 24 | 79.5% | 76.2% |
| Q4 25 | -14.7% | -182.2% | ||
| Q3 25 | -15.8% | -3.9% | ||
| Q2 25 | -20.4% | -138.7% | ||
| Q1 25 | -18.8% | -4.7% | ||
| Q4 24 | -21.9% | -1.5% | ||
| Q3 24 | -27.4% | -0.9% | ||
| Q2 24 | -18.6% | -4.6% | ||
| Q1 24 | -16.6% | -3.1% |
| Q4 25 | -10.5% | -178.3% | ||
| Q3 25 | -12.0% | -8.3% | ||
| Q2 25 | -17.0% | -135.2% | ||
| Q1 25 | -15.1% | -10.3% | ||
| Q4 24 | -20.0% | -5.3% | ||
| Q3 24 | -21.0% | 4.1% | ||
| Q2 24 | -13.9% | -5.4% | ||
| Q1 24 | -8.8% | -6.5% |
| Q4 25 | $-0.13 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.19 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $-0.21 | $-0.04 | ||
| Q3 24 | $-0.21 | $0.03 | ||
| Q2 24 | $-0.13 | $-0.04 | ||
| Q1 24 | $-0.08 | $-0.06 |
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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $887.4M | $484.4M |
| Total Assets | $1.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $115.7M | ||
| Q3 25 | $651.1M | $95.7M | ||
| Q2 25 | $611.7M | $162.6M | ||
| Q1 25 | $563.5M | $165.5M | ||
| Q4 24 | $522.0M | $189.5M | ||
| Q3 24 | $467.8M | $168.7M | ||
| Q2 24 | $591.3M | $147.1M | ||
| Q1 24 | $579.6M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $887.4M | $484.4M | ||
| Q3 25 | $859.4M | $616.9M | ||
| Q2 25 | $826.5M | $633.7M | ||
| Q1 25 | $800.0M | $755.7M | ||
| Q4 24 | $773.5M | $761.3M | ||
| Q3 24 | $756.2M | $754.7M | ||
| Q2 24 | $721.4M | $815.4M | ||
| Q1 24 | $707.8M | $813.8M |
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $997.1M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $49.9M | $23.2M |
| FCF MarginFCF / Revenue | 34.3% | 29.6% |
| Capex IntensityCapex / Revenue | 0.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $23.3M | ||
| Q3 25 | $30.2M | $32.2M | ||
| Q2 25 | $36.1M | $33.1M | ||
| Q1 25 | $28.8M | $2.5M | ||
| Q4 24 | $49.1M | $34.3M | ||
| Q3 24 | $27.6M | $60.1M | ||
| Q2 24 | $16.7M | $31.0M | ||
| Q1 24 | $17.5M | $24.8M |
| Q4 25 | $49.9M | $23.2M | ||
| Q3 25 | $28.8M | $32.1M | ||
| Q2 25 | $35.5M | $33.0M | ||
| Q1 25 | $28.1M | $2.4M | ||
| Q4 24 | $48.5M | $34.0M | ||
| Q3 24 | $26.7M | $59.8M | ||
| Q2 24 | $16.0M | $30.5M | ||
| Q1 24 | $16.6M | $24.7M |
| Q4 25 | 34.3% | 29.6% | ||
| Q3 25 | 21.0% | 41.3% | ||
| Q2 25 | 27.9% | 43.6% | ||
| Q1 25 | 23.0% | 3.0% | ||
| Q4 24 | 41.8% | 43.5% | ||
| Q3 24 | 24.5% | 75.6% | ||
| Q2 24 | 15.5% | 40.7% | ||
| Q1 24 | 16.6% | 30.6% |
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 0.8% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
