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Side-by-side financial comparison of JFrog Ltd (FROG) and Wheels Up Experience Inc. (UP). Click either name above to swap in a different company.
Wheels Up Experience Inc. is the larger business by last-quarter revenue ($183.8M vs $145.3M, roughly 1.3× JFrog Ltd). JFrog Ltd runs the higher net margin — -10.5% vs -15.7%, a 5.2% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -10.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-58.3M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -3.4%).
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.
Wheels Up is a provider of "on demand" private aviation in the United States and one of the largest private aviation companies in the world. It was founded in 2013 by Kenny Dichter, using a membership/on-demand business model. Wheels Up members can book private aircraft from the company fleet and third-party operators using a mobile application.
FROG vs UP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $183.8M |
| Net Profit | $-15.2M | $-28.9M |
| Gross Margin | 77.9% | 14.3% |
| Operating Margin | -14.7% | -0.9% |
| Net Margin | -10.5% | -15.7% |
| Revenue YoY | 25.2% | -10.2% |
| Net Profit YoY | 34.4% | 67.0% |
| EPS (diluted) | $-0.13 | $-0.04 |
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 | $183.8M | ||
| Q3 25 | $136.9M | $185.5M | ||
| Q2 25 | $127.2M | $189.6M | ||
| Q1 25 | $122.4M | $177.5M | ||
| Q4 24 | $116.1M | $204.8M | ||
| Q3 24 | $109.1M | $193.9M | ||
| Q2 24 | $103.0M | $196.3M | ||
| Q1 24 | $100.3M | $197.1M |
| Q4 25 | $-15.2M | $-28.9M | ||
| Q3 25 | $-16.4M | $-83.7M | ||
| Q2 25 | $-21.7M | $-82.3M | ||
| Q1 25 | $-18.5M | $-99.3M | ||
| Q4 24 | $-23.2M | $-87.5M | ||
| Q3 24 | $-22.9M | $-57.7M | ||
| Q2 24 | $-14.3M | $-97.0M | ||
| Q1 24 | $-8.8M | $-97.4M |
| Q4 25 | 77.9% | 14.3% | ||
| Q3 25 | 77.4% | 6.8% | ||
| Q2 25 | 76.3% | 8.3% | ||
| Q1 25 | 75.3% | 10.8% | ||
| Q4 24 | 75.4% | 13.9% | ||
| Q3 24 | 75.0% | 13.9% | ||
| Q2 24 | 78.8% | 2.3% | ||
| Q1 24 | 79.5% | -0.6% |
| Q4 25 | -14.7% | -0.9% | ||
| Q3 25 | -15.8% | -33.1% | ||
| Q2 25 | -20.4% | -31.4% | ||
| Q1 25 | -18.8% | -45.5% | ||
| Q4 24 | -21.9% | -26.0% | ||
| Q3 24 | -27.4% | -21.6% | ||
| Q2 24 | -18.6% | -40.3% | ||
| Q1 24 | -16.6% | -42.9% |
| Q4 25 | -10.5% | -15.7% | ||
| Q3 25 | -12.0% | -45.1% | ||
| Q2 25 | -17.0% | -43.4% | ||
| Q1 25 | -15.1% | -55.9% | ||
| Q4 24 | -20.0% | -42.7% | ||
| Q3 24 | -21.0% | -29.8% | ||
| Q2 24 | -13.9% | -49.4% | ||
| Q1 24 | -8.8% | -49.4% |
| Q4 25 | $-0.13 | $-0.04 | ||
| Q3 25 | $-0.14 | $-0.12 | ||
| Q2 25 | $-0.19 | $-0.12 | ||
| Q1 25 | $-0.16 | $-0.14 | ||
| Q4 24 | $-0.21 | $-0.13 | ||
| Q3 24 | $-0.21 | $-0.08 | ||
| Q2 24 | $-0.13 | $-0.14 | ||
| Q1 24 | $-0.08 | $-0.14 |
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 | $133.9M |
| Total DebtLower is stronger | — | $671.3M |
| Stockholders' EquityBook value | $887.4M | $-392.1M |
| Total Assets | $1.3B | $968.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $133.9M | ||
| Q3 25 | $651.1M | $125.3M | ||
| Q2 25 | $611.7M | $107.0M | ||
| Q1 25 | $563.5M | $171.8M | ||
| Q4 24 | $522.0M | $216.4M | ||
| Q3 24 | $467.8M | $115.9M | ||
| Q2 24 | $591.3M | $141.5M | ||
| Q1 24 | $579.6M | $180.9M |
| Q4 25 | — | $671.3M | ||
| Q3 25 | — | $766.5M | ||
| Q2 25 | — | $770.5M | ||
| Q1 25 | — | $765.8M | ||
| Q4 24 | — | $761.3M | ||
| Q3 24 | — | $596.9M | ||
| Q2 24 | — | $597.4M | ||
| Q1 24 | — | $603.2M |
| Q4 25 | $887.4M | $-392.1M | ||
| Q3 25 | $859.4M | $-374.5M | ||
| Q2 25 | $826.5M | $-347.8M | ||
| Q1 25 | $800.0M | $-288.1M | ||
| Q4 24 | $773.5M | $-202.1M | ||
| Q3 24 | $756.2M | $-117.7M | ||
| Q2 24 | $721.4M | $-72.2M | ||
| Q1 24 | $707.8M | $936.0K |
| Q4 25 | $1.3B | $968.8M | ||
| Q3 25 | $1.3B | $973.0M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.2B | $1.1B | ||
| Q4 24 | $1.1B | $1.2B | ||
| Q3 24 | $1.1B | $1.0B | ||
| Q2 24 | $1.0B | $1.1B | ||
| Q1 24 | $997.1M | $1.2B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 644.43× |
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 | $-18.4M |
| Free Cash FlowOCF − Capex | $49.9M | $-58.3M |
| FCF MarginFCF / Revenue | 34.3% | -31.7% |
| Capex IntensityCapex / Revenue | 0.6% | 21.7% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-259.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $-18.4M | ||
| Q3 25 | $30.2M | $-37.1M | ||
| Q2 25 | $36.1M | $-62.9M | ||
| Q1 25 | $28.8M | $-47.9M | ||
| Q4 24 | $49.1M | $37.9M | ||
| Q3 24 | $27.6M | $-16.9M | ||
| Q2 24 | $16.7M | $-25.2M | ||
| Q1 24 | $17.5M | $-73.8M |
| Q4 25 | $49.9M | $-58.3M | ||
| Q3 25 | $28.8M | $-60.4M | ||
| Q2 25 | $35.5M | $-78.6M | ||
| Q1 25 | $28.1M | $-62.6M | ||
| Q4 24 | $48.5M | $-70.2M | ||
| Q3 24 | $26.7M | $-21.9M | ||
| Q2 24 | $16.0M | $-30.8M | ||
| Q1 24 | $16.6M | $-77.8M |
| Q4 25 | 34.3% | -31.7% | ||
| Q3 25 | 21.0% | -32.6% | ||
| Q2 25 | 27.9% | -41.5% | ||
| Q1 25 | 23.0% | -35.3% | ||
| Q4 24 | 41.8% | -34.3% | ||
| Q3 24 | 24.5% | -11.3% | ||
| Q2 24 | 15.5% | -15.7% | ||
| Q1 24 | 16.6% | -39.5% |
| Q4 25 | 0.6% | 21.7% | ||
| Q3 25 | 1.0% | 12.5% | ||
| Q2 25 | 0.5% | 8.3% | ||
| Q1 25 | 0.5% | 8.3% | ||
| Q4 24 | 0.5% | 52.8% | ||
| Q3 24 | 0.9% | 2.6% | ||
| Q2 24 | 0.7% | 2.9% | ||
| Q1 24 | 0.8% | 2.0% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
