Filing Flows › Comparisons › FROG vs MQ
JFrog vs Marqeta: FROG and MQ compared
JFrog is the larger company: $179M of revenue in its latest quarter (Q3 2026) against $176M for Marqeta (Q3 2026). JFrog is growing faster (+31% against +8% a year earlier). Marqeta is more profitable, with an operating margin of 3.6% against -1.0%.
Where the money goes: FROG and MQ
JFrog (FROG) · Q3 2026
JFrog, Q3 2026: revenue $179M (+31% year over year), operating margin -1.0%, net earnings $6.6M, operating cash flow $69.3M. The chart follows the revenue to costs, profit and cash.
Marqeta (MQ) · Q3 2026
Marqeta, Q3 2026: revenue $176M (+8% year over year), operating margin 3.6%, net earnings $115M, operating cash flow $26.3M. The chart follows the revenue to costs, profit and cash.
| JFrog (FROG) | Marqeta (MQ) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $179M | $176M |
| Revenue growth, Y/Y | +31% | +8% |
| Gross margin | — | 69.3% |
| Operating margin | -1.0% | 3.6% |
| Net earnings | $6.6M | $115M |
| Net margin | 3.7% | 65.5% |
| Operating cash flow | $69.3M | $26.3M |
| Free cash flow | $66.5M | $26.0M |
Where the revenue comes from
JFrog
- Subscription Self-Managed and Saa S: $172M (96%)
- License: $7.6M (4%)
Marqeta
- Platform services revenue, net: $166M (94%)
- Other services revenue: $10.4M (6%)
Questions
Which is bigger, JFrog or Marqeta?
JFrog is the larger company: $179M of revenue in its latest quarter (Q3 2026) against $176M for Marqeta (Q3 2026).
Is JFrog or Marqeta growing faster?
JFrog is growing faster (+31% against +8% a year earlier).
Which is more profitable, JFrog or Marqeta?
Marqeta is more profitable, with an operating margin of 3.6% against -1.0%.
More: JFrog earnings · how JFrog makes money · Marqeta earnings · how Marqeta makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.