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Side-by-side financial comparison of JFrog Ltd (FROG) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $145.3M, roughly 1.3× JFrog Ltd). Xometry, Inc. runs the higher net margin — -4.5% vs -10.5%, a 6.0% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 25.2%). JFrog Ltd produced more free cash flow last quarter ($49.9M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% CAGR vs 20.4%).
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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
FROG vs XMTR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $145.3M | $192.4M |
| Net Profit | $-15.2M | $-8.6M |
| Gross Margin | 77.9% | 39.1% |
| Operating Margin | -14.7% | -4.6% |
| Net Margin | -10.5% | -4.5% |
| Revenue YoY | 25.2% | 29.5% |
| Net Profit YoY | 34.4% | 12.7% |
| 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.
| Q4 25 | $145.3M | $192.4M | ||
| Q3 25 | $136.9M | $180.7M | ||
| Q2 25 | $127.2M | $162.5M | ||
| Q1 25 | $122.4M | $151.0M | ||
| Q4 24 | $116.1M | $148.5M | ||
| Q3 24 | $109.1M | $141.7M | ||
| Q2 24 | $103.0M | $132.6M | ||
| Q1 24 | $100.3M | $122.7M |
| Q4 25 | $-15.2M | $-8.6M | ||
| Q3 25 | $-16.4M | $-11.6M | ||
| Q2 25 | $-21.7M | $-26.4M | ||
| Q1 25 | $-18.5M | $-15.1M | ||
| Q4 24 | $-23.2M | $-9.9M | ||
| Q3 24 | $-22.9M | $-10.2M | ||
| Q2 24 | $-14.3M | $-13.7M | ||
| Q1 24 | $-8.8M | $-16.6M |
| Q4 25 | 77.9% | 39.1% | ||
| Q3 25 | 77.4% | 39.9% | ||
| Q2 25 | 76.3% | 40.1% | ||
| Q1 25 | 75.3% | 37.3% | ||
| Q4 24 | 75.4% | 39.7% | ||
| Q3 24 | 75.0% | 39.4% | ||
| Q2 24 | 78.8% | 39.9% | ||
| Q1 24 | 79.5% | 39.0% |
| Q4 25 | -14.7% | -4.6% | ||
| Q3 25 | -15.8% | -6.1% | ||
| Q2 25 | -20.4% | -6.3% | ||
| Q1 25 | -18.8% | -10.2% | ||
| Q4 24 | -21.9% | -7.8% | ||
| Q3 24 | -27.4% | -8.1% | ||
| Q2 24 | -18.6% | -11.5% | ||
| Q1 24 | -16.6% | -14.6% |
| Q4 25 | -10.5% | -4.5% | ||
| Q3 25 | -12.0% | -6.4% | ||
| Q2 25 | -17.0% | -16.3% | ||
| Q1 25 | -15.1% | -10.0% | ||
| Q4 24 | -20.0% | -6.7% | ||
| Q3 24 | -21.0% | -7.2% | ||
| Q2 24 | -13.9% | -10.3% | ||
| Q1 24 | -8.8% | -13.5% |
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $704.4M | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $887.4M | $275.6M |
| Total Assets | $1.3B | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $704.4M | $219.1M | ||
| Q3 25 | $651.1M | $224.5M | ||
| Q2 25 | $611.7M | $225.8M | ||
| Q1 25 | $563.5M | $231.4M | ||
| Q4 24 | $522.0M | $239.8M | ||
| Q3 24 | $467.8M | $234.0M | ||
| Q2 24 | $591.3M | $240.9M | ||
| Q1 24 | $579.6M | $253.8M |
| Q4 25 | $887.4M | $275.6M | ||
| Q3 25 | $859.4M | $272.0M | ||
| Q2 25 | $826.5M | $270.4M | ||
| Q1 25 | $800.0M | $309.9M | ||
| Q4 24 | $773.5M | $314.5M | ||
| Q3 24 | $756.2M | $315.2M | ||
| Q2 24 | $721.4M | $315.8M | ||
| Q1 24 | $707.8M | $320.4M |
| Q4 25 | $1.3B | $703.7M | ||
| Q3 25 | $1.3B | $698.9M | ||
| Q2 25 | $1.2B | $687.0M | ||
| Q1 25 | $1.2B | $690.1M | ||
| Q4 24 | $1.1B | $680.1M | ||
| Q3 24 | $1.1B | $678.2M | ||
| Q2 24 | $1.0B | $678.6M | ||
| Q1 24 | $997.1M | $692.5M |
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 | $4.4M |
| Free Cash FlowOCF − Capex | $49.9M | $-5.9M |
| FCF MarginFCF / Revenue | 34.3% | -3.0% |
| Capex IntensityCapex / Revenue | 0.6% | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $142.3M | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $50.7M | $4.4M | ||
| Q3 25 | $30.2M | $5.8M | ||
| Q2 25 | $36.1M | $-427.0K | ||
| Q1 25 | $28.8M | $-3.7M | ||
| Q4 24 | $49.1M | $9.1M | ||
| Q3 24 | $27.6M | $-3.6M | ||
| Q2 24 | $16.7M | $-9.1M | ||
| Q1 24 | $17.5M | $-11.7M |
| Q4 25 | $49.9M | $-5.9M | ||
| Q3 25 | $28.8M | $-1.7M | ||
| Q2 25 | $35.5M | $-7.4M | ||
| Q1 25 | $28.1M | $-9.2M | ||
| Q4 24 | $48.5M | $4.5M | ||
| Q3 24 | $26.7M | $-8.4M | ||
| Q2 24 | $16.0M | $-13.5M | ||
| Q1 24 | $16.6M | $-16.1M |
| Q4 25 | 34.3% | -3.0% | ||
| Q3 25 | 21.0% | -0.9% | ||
| Q2 25 | 27.9% | -4.5% | ||
| Q1 25 | 23.0% | -6.1% | ||
| Q4 24 | 41.8% | 3.1% | ||
| Q3 24 | 24.5% | -6.0% | ||
| Q2 24 | 15.5% | -10.2% | ||
| Q1 24 | 16.6% | -13.1% |
| Q4 25 | 0.6% | 5.3% | ||
| Q3 25 | 1.0% | 4.1% | ||
| Q2 25 | 0.5% | 4.3% | ||
| Q1 25 | 0.5% | 3.6% | ||
| Q4 24 | 0.5% | 3.1% | ||
| Q3 24 | 0.9% | 3.4% | ||
| Q2 24 | 0.7% | 3.3% | ||
| Q1 24 | 0.8% | 3.5% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FROG
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
