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Side-by-side financial comparison of JFrog Ltd (FROG) and Telesat Corp (TSAT). Click either name above to swap in a different company.

JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $73.8M, roughly 2.0× Telesat Corp). JFrog Ltd runs the higher net margin — -10.5% vs -119.8%, a 109.3% gap on every dollar of revenue. Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -64.0%).

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.

Telesat, formerly Telesat Canada, is a Canadian satellite communications company founded on May 2, 1969. The company is headquartered in Ottawa.

FROG vs TSAT — Head-to-Head

Bigger by revenue
FROG
FROG
2.0× larger
FROG
$145.3M
$73.8M
TSAT
Higher net margin
FROG
FROG
109.3% more per $
FROG
-10.5%
-119.8%
TSAT
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
-64.0%
TSAT

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FROG
FROG
TSAT
TSAT
Revenue
$145.3M
$73.8M
Net Profit
$-15.2M
$-88.4M
Gross Margin
77.9%
95.3%
Operating Margin
-14.7%
5.9%
Net Margin
-10.5%
-119.8%
Revenue YoY
25.2%
Net Profit YoY
34.4%
EPS (diluted)
$-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.

Revenue
FROG
FROG
TSAT
TSAT
Q4 25
$145.3M
Q3 25
$136.9M
$73.8M
Q2 25
$127.2M
$77.5M
Q1 25
$122.4M
$152.2M
Q4 24
$116.1M
Q3 24
$109.1M
Q2 24
$103.0M
$363.2M
Q1 24
$100.3M
Net Profit
FROG
FROG
TSAT
TSAT
Q4 25
$-15.2M
Q3 25
$-16.4M
$-88.4M
Q2 25
$-21.7M
$55.1M
Q1 25
$-18.5M
$-52.3M
Q4 24
$-23.2M
Q3 24
$-22.9M
Q2 24
$-14.3M
$547.4M
Q1 24
$-8.8M
Gross Margin
FROG
FROG
TSAT
TSAT
Q4 25
77.9%
Q3 25
77.4%
95.3%
Q2 25
76.3%
95.9%
Q1 25
75.3%
Q4 24
75.4%
Q3 24
75.0%
Q2 24
78.8%
Q1 24
79.5%
Operating Margin
FROG
FROG
TSAT
TSAT
Q4 25
-14.7%
Q3 25
-15.8%
5.9%
Q2 25
-20.4%
16.8%
Q1 25
-18.8%
Q4 24
-21.9%
Q3 24
-27.4%
Q2 24
-18.6%
Q1 24
-16.6%
Net Margin
FROG
FROG
TSAT
TSAT
Q4 25
-10.5%
Q3 25
-12.0%
-119.8%
Q2 25
-17.0%
71.2%
Q1 25
-15.1%
-34.4%
Q4 24
-20.0%
Q3 24
-21.0%
Q2 24
-13.9%
150.7%
Q1 24
-8.8%
EPS (diluted)
FROG
FROG
TSAT
TSAT
Q4 25
$-0.13
Q3 25
$-0.14
Q2 25
$-0.19
Q1 25
$-0.16
Q4 24
$-0.21
Q3 24
$-0.21
Q2 24
$-0.13
Q1 24
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FROG
FROG
TSAT
TSAT
Cash + ST InvestmentsLiquidity on hand
$704.4M
$352.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$887.4M
$1.6B
Total Assets
$1.3B
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FROG
FROG
TSAT
TSAT
Q4 25
$704.4M
Q3 25
$651.1M
$352.3M
Q2 25
$611.7M
$399.6M
Q1 25
$563.5M
$552.1M
Q4 24
$522.0M
Q3 24
$467.8M
Q2 24
$591.3M
$1.7B
Q1 24
$579.6M
Stockholders' Equity
FROG
FROG
TSAT
TSAT
Q4 25
$887.4M
Q3 25
$859.4M
$1.6B
Q2 25
$826.5M
$1.7B
Q1 25
$800.0M
$2.5B
Q4 24
$773.5M
Q3 24
$756.2M
Q2 24
$721.4M
$2.4B
Q1 24
$707.8M
Total Assets
FROG
FROG
TSAT
TSAT
Q4 25
$1.3B
Q3 25
$1.3B
$5.1B
Q2 25
$1.2B
$4.9B
Q1 25
$1.2B
$6.9B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0B
$6.3B
Q1 24
$997.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FROG
FROG
TSAT
TSAT
Operating Cash FlowLast quarter
$50.7M
Free Cash FlowOCF − Capex
$49.9M
FCF MarginFCF / Revenue
34.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FROG
FROG
TSAT
TSAT
Q4 25
$50.7M
Q3 25
$30.2M
Q2 25
$36.1M
Q1 25
$28.8M
Q4 24
$49.1M
Q3 24
$27.6M
Q2 24
$16.7M
Q1 24
$17.5M
Free Cash Flow
FROG
FROG
TSAT
TSAT
Q4 25
$49.9M
Q3 25
$28.8M
Q2 25
$35.5M
Q1 25
$28.1M
Q4 24
$48.5M
Q3 24
$26.7M
Q2 24
$16.0M
Q1 24
$16.6M
FCF Margin
FROG
FROG
TSAT
TSAT
Q4 25
34.3%
Q3 25
21.0%
Q2 25
27.9%
Q1 25
23.0%
Q4 24
41.8%
Q3 24
24.5%
Q2 24
15.5%
Q1 24
16.6%
Capex Intensity
FROG
FROG
TSAT
TSAT
Q4 25
0.6%
Q3 25
1.0%
Q2 25
0.5%
Q1 25
0.5%
Q4 24
0.5%
Q3 24
0.9%
Q2 24
0.7%
Q1 24
0.8%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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