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JFrog Ltd（FROG）与Repay Holdings Corp（RPAY）财务数据对比。点击上方公司名可切换其他公司
JFrog Ltd的季度营收约是Repay Holdings Corp的1.8倍（$145.3M vs $78.6M），JFrog Ltd净利率更高（-10.5% vs -178.3%，领先167.8%），JFrog Ltd同比增速更快（25.2% vs 0.4%），JFrog Ltd自由现金流更多（$49.9M vs $23.2M），过去两年JFrog Ltd的营收复合增速更高（20.4% vs -1.3%）
JFrog Ltd是全球知名的DevOps技术服务商，面向科技、金融、零售、制造等多个行业客户，提供全链路软件发布、制品管理与安全解决方案，助力企业简化云、本地及混合部署环境下的应用开发与交付流程。
Repay Holdings Corp是一家聚焦北美市场的支付技术服务商，为零售、医疗、汽车服务、电商等领域的企业提供整合支付处理方案，涵盖银行卡收单、ACH转账、POS系统集成等数字化支付工具，助力客户简化交易流程、提升运营效率。
FROG vs RPAY — 直观对比
营收规模更大
FROG
是对方的1.8倍
$78.6M
营收增速更快
FROG
高出24.8%
0.4%
净利率更高
FROG
高出167.8%
-178.3%
自由现金流更多
FROG
多$26.6M
$23.2M
两年增速更快
FROG
近两年复合增速
-1.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $145.3M | $78.6M |
| 净利润 | $-15.2M | $-140.1M |
| 毛利率 | 77.9% | 74.2% |
| 营业利润率 | -14.7% | -182.2% |
| 净利率 | -10.5% | -178.3% |
| 营收同比 | 25.2% | 0.4% |
| 净利润同比 | 34.4% | -3304.1% |
| 每股收益（稀释后） | $-0.13 | $-1.68 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FROGRPAY
| Q4 25 | $145.3M | $78.6M | ||
| Q3 25 | $136.9M | $77.7M | ||
| Q2 25 | $127.2M | $75.6M | ||
| Q1 25 | $122.4M | $77.3M | ||
| Q4 24 | $116.1M | $78.3M | ||
| Q3 24 | $109.1M | $79.1M | ||
| Q2 24 | $103.0M | $74.9M | ||
| Q1 24 | $100.3M | $80.7M |
净利润FROGRPAY
| Q4 25 | $-15.2M | $-140.1M | ||
| Q3 25 | $-16.4M | $-6.4M | ||
| Q2 25 | $-21.7M | $-102.3M | ||
| Q1 25 | $-18.5M | $-7.9M | ||
| Q4 24 | $-23.2M | $-4.1M | ||
| Q3 24 | $-22.9M | $3.2M | ||
| Q2 24 | $-14.3M | $-4.1M | ||
| Q1 24 | $-8.8M | $-5.2M |
毛利率FROGRPAY
| Q4 25 | 77.9% | 74.2% | ||
| Q3 25 | 77.4% | 74.4% | ||
| Q2 25 | 76.3% | 75.7% | ||
| Q1 25 | 75.3% | 75.9% | ||
| Q4 24 | 75.4% | 76.3% | ||
| Q3 24 | 75.0% | 77.8% | ||
| Q2 24 | 78.8% | 78.2% | ||
| Q1 24 | 79.5% | 76.2% |
营业利润率FROGRPAY
| Q4 25 | -14.7% | -182.2% | ||
| Q3 25 | -15.8% | -3.9% | ||
| Q2 25 | -20.4% | -138.7% | ||
| Q1 25 | -18.8% | -4.7% | ||
| Q4 24 | -21.9% | -1.5% | ||
| Q3 24 | -27.4% | -0.9% | ||
| Q2 24 | -18.6% | -4.6% | ||
| Q1 24 | -16.6% | -3.1% |
净利率FROGRPAY
| Q4 25 | -10.5% | -178.3% | ||
| Q3 25 | -12.0% | -8.3% | ||
| Q2 25 | -17.0% | -135.2% | ||
| Q1 25 | -15.1% | -10.3% | ||
| Q4 24 | -20.0% | -5.3% | ||
| Q3 24 | -21.0% | 4.1% | ||
| Q2 24 | -13.9% | -5.4% | ||
| Q1 24 | -8.8% | -6.5% |
每股收益（稀释后）FROGRPAY
| Q4 25 | $-0.13 | $-1.68 | ||
| Q3 25 | $-0.14 | $-0.08 | ||
| Q2 25 | $-0.19 | $-1.15 | ||
| Q1 25 | $-0.16 | $-0.09 | ||
| Q4 24 | $-0.21 | $-0.04 | ||
| Q3 24 | $-0.21 | $0.03 | ||
| Q2 24 | $-0.13 | $-0.04 | ||
| Q1 24 | $-0.08 | $-0.06 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $704.4M | $115.7M |
| 总债务越低越好 | — | $280.1M |
| 股东权益账面价值 | $887.4M | $484.4M |
| 总资产 | $1.3B | $1.2B |
| 负债/权益比越低杠杆越低 | — | 0.58× |
8季度趋势，按日历期对齐
现金及短期投资FROGRPAY
| Q4 25 | $704.4M | $115.7M | ||
| Q3 25 | $651.1M | $95.7M | ||
| Q2 25 | $611.7M | $162.6M | ||
| Q1 25 | $563.5M | $165.5M | ||
| Q4 24 | $522.0M | $189.5M | ||
| Q3 24 | $467.8M | $168.7M | ||
| Q2 24 | $591.3M | $147.1M | ||
| Q1 24 | $579.6M | $128.3M |
总债务FROGRPAY
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
股东权益FROGRPAY
| Q4 25 | $887.4M | $484.4M | ||
| Q3 25 | $859.4M | $616.9M | ||
| Q2 25 | $826.5M | $633.7M | ||
| Q1 25 | $800.0M | $755.7M | ||
| Q4 24 | $773.5M | $761.3M | ||
| Q3 24 | $756.2M | $754.7M | ||
| Q2 24 | $721.4M | $815.4M | ||
| Q1 24 | $707.8M | $813.8M |
总资产FROGRPAY
| Q4 25 | $1.3B | $1.2B | ||
| Q3 25 | $1.3B | $1.3B | ||
| Q2 25 | $1.2B | $1.4B | ||
| Q1 25 | $1.2B | $1.5B | ||
| Q4 24 | $1.1B | $1.6B | ||
| Q3 24 | $1.1B | $1.6B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $997.1M | $1.5B |
负债/权益比FROGRPAY
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $50.7M | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $49.9M | $23.2M |
| 自由现金流率自由现金流/营收 | 34.3% | 29.6% |
| 资本支出强度资本支出/营收 | 0.6% | 0.1% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $142.3M | $90.7M |
8季度趋势，按日历期对齐
经营现金流FROGRPAY
| Q4 25 | $50.7M | $23.3M | ||
| Q3 25 | $30.2M | $32.2M | ||
| Q2 25 | $36.1M | $33.1M | ||
| Q1 25 | $28.8M | $2.5M | ||
| Q4 24 | $49.1M | $34.3M | ||
| Q3 24 | $27.6M | $60.1M | ||
| Q2 24 | $16.7M | $31.0M | ||
| Q1 24 | $17.5M | $24.8M |
自由现金流FROGRPAY
| Q4 25 | $49.9M | $23.2M | ||
| Q3 25 | $28.8M | $32.1M | ||
| Q2 25 | $35.5M | $33.0M | ||
| Q1 25 | $28.1M | $2.4M | ||
| Q4 24 | $48.5M | $34.0M | ||
| Q3 24 | $26.7M | $59.8M | ||
| Q2 24 | $16.0M | $30.5M | ||
| Q1 24 | $16.6M | $24.7M |
自由现金流率FROGRPAY
| Q4 25 | 34.3% | 29.6% | ||
| Q3 25 | 21.0% | 41.3% | ||
| Q2 25 | 27.9% | 43.6% | ||
| Q1 25 | 23.0% | 3.0% | ||
| Q4 24 | 41.8% | 43.5% | ||
| Q3 24 | 24.5% | 75.6% | ||
| Q2 24 | 15.5% | 40.7% | ||
| Q1 24 | 16.6% | 30.6% |
资本支出强度FROGRPAY
| Q4 25 | 0.6% | 0.1% | ||
| Q3 25 | 1.0% | 0.2% | ||
| Q2 25 | 0.5% | 0.1% | ||
| Q1 25 | 0.5% | 0.2% | ||
| Q4 24 | 0.5% | 0.3% | ||
| Q3 24 | 0.9% | 0.3% | ||
| Q2 24 | 0.7% | 0.6% | ||
| Q1 24 | 0.8% | 0.1% |
现金转化率FROGRPAY
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FROG
暂无分部数据
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
