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Side-by-side financial comparison of JFrog Ltd (FROG) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
VIRTUS INVESTMENT PARTNERS, INC. is the larger business by last-quarter revenue ($199.5M vs $145.3M, roughly 1.4× JFrog Ltd). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -10.5%, a 14.0% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs -4.1%). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs -5.7%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
FROG vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $199.5M |
| Net Profit | $-15.2M | $7.1M |
| Gross Margin | 77.9% | — |
| Operating Margin | -14.7% | 7.7% |
| Net Margin | -10.5% | 3.6% |
| Revenue YoY | 25.2% | -4.1% |
| Net Profit YoY | 34.4% | -78.1% |
| EPS (diluted) | $-0.13 | $1.05 |
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.
| Q1 26 | — | $199.5M | ||
| Q4 25 | $145.3M | $208.0M | ||
| Q3 25 | $136.9M | $216.4M | ||
| Q2 25 | $127.2M | $210.5M | ||
| Q1 25 | $122.4M | $217.9M | ||
| Q4 24 | $116.1M | $233.5M | ||
| Q3 24 | $109.1M | $227.0M | ||
| Q2 24 | $103.0M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | $-15.2M | $33.9M | ||
| Q3 25 | $-16.4M | $31.3M | ||
| Q2 25 | $-21.7M | $42.7M | ||
| Q1 25 | $-18.5M | $28.1M | ||
| Q4 24 | $-23.2M | $39.5M | ||
| Q3 24 | $-22.9M | $49.1M | ||
| Q2 24 | $-14.3M | $26.0M |
| Q1 26 | — | — | ||
| 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 26 | — | 7.7% | ||
| Q4 25 | -14.7% | 19.1% | ||
| Q3 25 | -15.8% | 21.7% | ||
| Q2 25 | -20.4% | 21.5% | ||
| Q1 25 | -18.8% | 16.8% | ||
| Q4 24 | -21.9% | 21.7% | ||
| Q3 24 | -27.4% | 24.3% | ||
| Q2 24 | -18.6% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | -10.5% | 16.3% | ||
| Q3 25 | -12.0% | 14.5% | ||
| Q2 25 | -17.0% | 20.3% | ||
| Q1 25 | -15.1% | 12.9% | ||
| Q4 24 | -20.0% | 16.9% | ||
| Q3 24 | -21.0% | 21.6% | ||
| Q2 24 | -13.9% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | $-0.13 | $5.15 | ||
| Q3 25 | $-0.14 | $4.65 | ||
| Q2 25 | $-0.19 | $6.12 | ||
| Q1 25 | $-0.16 | $4.05 | ||
| Q4 24 | $-0.21 | $4.65 | ||
| Q3 24 | $-0.21 | $5.71 | ||
| Q2 24 | $-0.13 | $2.43 |
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 | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $93.6B |
| Total Assets | $1.3B | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | $704.4M | — | ||
| Q3 25 | $651.1M | — | ||
| Q2 25 | $611.7M | — | ||
| Q1 25 | $563.5M | — | ||
| Q4 24 | $522.0M | — | ||
| Q3 24 | $467.8M | — | ||
| Q2 24 | $591.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | $887.4M | $934.0M | ||
| Q3 25 | $859.4M | $918.7M | ||
| Q2 25 | $826.5M | $896.4M | ||
| Q1 25 | $800.0M | $893.7M | ||
| Q4 24 | $773.5M | $897.5M | ||
| Q3 24 | $756.2M | $889.0M | ||
| Q2 24 | $721.4M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | $1.3B | $4.3B | ||
| Q3 25 | $1.3B | $3.9B | ||
| Q2 25 | $1.2B | $3.7B | ||
| Q1 25 | $1.2B | $3.7B | ||
| Q4 24 | $1.1B | $4.0B | ||
| Q3 24 | $1.1B | $3.6B | ||
| Q2 24 | $1.0B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $50.7M | $-67.2M | ||
| Q3 25 | $30.2M | $108.3M | ||
| Q2 25 | $36.1M | $75.8M | ||
| Q1 25 | $28.8M | $-3.8M | ||
| Q4 24 | $49.1M | $1.8M | ||
| Q3 24 | $27.6M | $69.1M | ||
| Q2 24 | $16.7M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $49.9M | $-74.1M | ||
| Q3 25 | $28.8M | $106.9M | ||
| Q2 25 | $35.5M | $74.2M | ||
| Q1 25 | $28.1M | $-6.8M | ||
| Q4 24 | $48.5M | $-3.8M | ||
| Q3 24 | $26.7M | $68.7M | ||
| Q2 24 | $16.0M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | 34.3% | -35.6% | ||
| Q3 25 | 21.0% | 49.4% | ||
| Q2 25 | 27.9% | 35.2% | ||
| Q1 25 | 23.0% | -3.1% | ||
| Q4 24 | 41.8% | -1.6% | ||
| Q3 24 | 24.5% | 30.3% | ||
| Q2 24 | 15.5% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 3.3% | ||
| Q3 25 | 1.0% | 0.7% | ||
| Q2 25 | 0.5% | 0.7% | ||
| Q1 25 | 0.5% | 1.4% | ||
| Q4 24 | 0.5% | 2.4% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 0.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | — | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | — | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
