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Side-by-side financial comparison of JFrog Ltd (FROG) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $91.6M, roughly 1.6× SHENANDOAH TELECOMMUNICATIONS CO). SHENANDOAH TELECOMMUNICATIONS CO runs the higher net margin — -5.9% vs -10.5%, a 4.6% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 7.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-78.6M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 15.0%).
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.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
FROG vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $91.6M |
| Net Profit | $-15.2M | $-5.4M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | -1.0% |
| Net Margin | -10.5% | -5.9% |
| Revenue YoY | 25.2% | 7.2% |
| Net Profit YoY | 34.4% | -95.8% |
| EPS (diluted) | $-0.13 | $-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.
| Q4 25 | $145.3M | $91.6M | ||
| Q3 25 | $136.9M | $89.8M | ||
| Q2 25 | $127.2M | $88.6M | ||
| Q1 25 | $122.4M | $87.9M | ||
| Q4 24 | $116.1M | $85.4M | ||
| Q3 24 | $109.1M | $87.6M | ||
| Q2 24 | $103.0M | $85.8M | ||
| Q1 24 | $100.3M | $69.2M |
| Q4 25 | $-15.2M | $-5.4M | ||
| Q3 25 | $-16.4M | $-9.4M | ||
| Q2 25 | $-21.7M | $-9.0M | ||
| Q1 25 | $-18.5M | $-9.1M | ||
| Q4 24 | $-23.2M | $-2.7M | ||
| Q3 24 | $-22.9M | $-5.3M | ||
| Q2 24 | $-14.3M | $-12.9M | ||
| Q1 24 | $-8.8M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | -15.8% | -8.0% | ||
| Q2 25 | -20.4% | -10.3% | ||
| Q1 25 | -18.8% | -6.9% | ||
| Q4 24 | -21.9% | -6.7% | ||
| Q3 24 | -27.4% | -4.8% | ||
| Q2 24 | -18.6% | -18.5% | ||
| Q1 24 | -16.6% | -4.0% |
| Q4 25 | -10.5% | -5.9% | ||
| Q3 25 | -12.0% | -10.5% | ||
| Q2 25 | -17.0% | -10.2% | ||
| Q1 25 | -15.1% | -10.4% | ||
| Q4 24 | -20.0% | -3.2% | ||
| Q3 24 | -21.0% | -6.0% | ||
| Q2 24 | -13.9% | -15.0% | ||
| Q1 24 | -8.8% | 310.0% |
| Q4 25 | $-0.13 | $-0.13 | ||
| Q3 25 | $-0.14 | $-0.20 | ||
| Q2 25 | $-0.19 | $-0.19 | ||
| Q1 25 | $-0.16 | $-0.19 | ||
| Q4 24 | $-0.21 | $-0.34 | ||
| Q3 24 | $-0.21 | $-0.13 | ||
| Q2 24 | $-0.13 | $-0.24 | ||
| Q1 24 | $-0.08 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $887.4M | $880.8M |
| Total Assets | $1.3B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $27.3M | ||
| Q3 25 | $651.1M | $22.6M | ||
| Q2 25 | $611.7M | $29.1M | ||
| Q1 25 | $563.5M | $87.5M | ||
| Q4 24 | $522.0M | $46.3M | ||
| Q3 24 | $467.8M | $43.1M | ||
| Q2 24 | $591.3M | $43.8M | ||
| Q1 24 | $579.6M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $887.4M | $880.8M | ||
| Q3 25 | $859.4M | $892.7M | ||
| Q2 25 | $826.5M | $902.0M | ||
| Q1 25 | $800.0M | $910.5M | ||
| Q4 24 | $773.5M | $918.6M | ||
| Q3 24 | $756.2M | $925.4M | ||
| Q2 24 | $721.4M | $933.1M | ||
| Q1 24 | $707.8M | $871.6M |
| Q4 25 | $1.3B | $1.9B | ||
| Q3 25 | $1.3B | $1.9B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.8B | ||
| Q4 24 | $1.1B | $1.7B | ||
| Q3 24 | $1.1B | $1.7B | ||
| Q2 24 | $1.0B | $1.7B | ||
| Q1 24 | $997.1M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $49.9M | $-78.6M |
| FCF MarginFCF / Revenue | 34.3% | -85.8% |
| Capex IntensityCapex / Revenue | 0.6% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $28.8M | ||
| Q3 25 | $30.2M | $30.7M | ||
| Q2 25 | $36.1M | $20.9M | ||
| Q1 25 | $28.8M | $20.5M | ||
| Q4 24 | $49.1M | $20.6M | ||
| Q3 24 | $27.6M | $24.3M | ||
| Q2 24 | $16.7M | $2.5M | ||
| Q1 24 | $17.5M | $15.2M |
| Q4 25 | $49.9M | $-78.6M | ||
| Q3 25 | $28.8M | $-51.4M | ||
| Q2 25 | $35.5M | $-65.3M | ||
| Q1 25 | $28.1M | $-62.7M | ||
| Q4 24 | $48.5M | $-72.0M | ||
| Q3 24 | $26.7M | $-51.3M | ||
| Q2 24 | $16.0M | $-78.3M | ||
| Q1 24 | $16.6M | $-54.9M |
| Q4 25 | 34.3% | -85.8% | ||
| Q3 25 | 21.0% | -57.2% | ||
| Q2 25 | 27.9% | -73.7% | ||
| Q1 25 | 23.0% | -71.3% | ||
| Q4 24 | 41.8% | -84.3% | ||
| Q3 24 | 24.5% | -58.5% | ||
| Q2 24 | 15.5% | -91.3% | ||
| Q1 24 | 16.6% | -79.3% |
| Q4 25 | 0.6% | 117.2% | ||
| Q3 25 | 1.0% | 91.4% | ||
| Q2 25 | 0.5% | 97.3% | ||
| Q1 25 | 0.5% | 94.7% | ||
| Q4 24 | 0.5% | 108.4% | ||
| Q3 24 | 0.9% | 86.2% | ||
| Q2 24 | 0.7% | 94.2% | ||
| Q1 24 | 0.8% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
