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Raw Therapee is a free RAW converter and digital photo processing software.

Main features :

* Selectable high performance demosaicing algorithms (EAHD and HPHD and VNG-4).
Compare them on this comparison page.
* Using DCRaw 8.82/1.398 for decoding RAW images
* Image post processing in 16 bit / channel mode
o Exposure control in RGB space
+ Auto exposure with adjustable clipping point / Exposure compensation / Shadow and highight compression / Contrast adjustment, curve editor
o White balance adjustment in RGB space
+ With in-camera, automatic and spot white balance options / Temperature/Green tint fine tuning
o Highlight Recovery
o Shadows/Highlights control in RGB space
o Basic Luminance curve tool to modify the luminance channel in CIELab color space
+ Brightness / Contrast adjustment, curve editor
o USM sharpening applied on the CIELab luminance channel
+ Classical USM parameters (Radius, Amount, Threshold) / Option to avoid noise amplification / Sharpening halo control
o Optional RL Deconvolution based sharpening for even better sharpening results
o Color shift control in CIELab color space
+ Allows color shift by shifting the CIELab "a" and "b" channels
o Color booster applied on the CIELab "a" and "b" channels
+ Amplifies color channels "a" and "b" together or separately / Avoids color overamplification in high chrominance areas / Option to avoid clipping caused by too high color boosting
o Luminance denoising algorithm applied on the CIELab luminance channel
+ Edge sensitive method to preserve as much details as possible
o Color denoising tool applied on the CIELab "a" and "b" channels
+ Classical gaussian blur or edge sensitive bluring of the color channels
o Fast switching between different postprocessing profiles
o Image flipping horizontally or vertically, rotation by 90 degrees clockwise or counter clockwise
o Arbitrary image rotation (straightening tool)
+ with fill function or automatic crop
o Simple lens distortion correction
o Crop tool
o Chromatic Aberration correction tool
o Channel Mixer for Red, Green and Blue channels
o C/A Correction
o Vignetting Correction
* ICC based color management
* Change History with bookmarks to support before/after checking
* Output options:
o Supported file formats:
+ JPEG (8 bit), PNG (8 or 16 bit), TIFF (8 or 16 bit)
o Image ouput size could be set
o EXIF data is preserved in JPEG output (except crw files)
o Output directory and automatic file naming highly customizable
* File browsing with thumbnails