NASDAQ · Financial Statements

James River Group Holdings, Inc. (JRVR) Financial Statements

$3.97 NASDAQ: JRVR Market Cap $183.61M

James River Group Holdings, Inc. most recently reported annual revenue of $688.0M, net profit of $47.0M. Revenue grew at an average annual rate of 0.6% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

James River Group Holdings, Inc.: Revenue rose from $586.0M in 2016 to $688.0M in 2025, a change of +17.4% over 9 years; net profit was positive in 7 of 10 reported years; operating margin moved from 13.5% to 7.3%, a shift of -6.2 percentage points; the most recent year shows net profit of $47.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$586.0M$818.0M$886.0M$907.0M$669.0M$609.0M$662.0M$812.0M$708.0M$688.0M
Operating Expenses$507.0M$762.0M$815.0M$855.0M$657.0M$717.0M$608.0M$725.0M$779.0M$637.0M
Operating Profit$79.0M$55.0M$71.0M$52.0M$12.0M$-108.0M$53.0M$87.0M$-71.0M$51.0M
Operating Margin13.5%6.7%8.0%5.7%1.8%-17.8%8.1%10.7%-10.1%7.3%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$8.0M$9.0M$12.0M$11.0M$10.0M$9.0M$14.0M$25.0M$25.0M$24.0M
Depreciation$2.0M$2.0M$4.0M$4.0M$5.0M$5.0M$1.0M$0$-1.0M$1.0M
Profit Before Tax$79.0M$55.0M$71.0M$52.0M$12.0M$-108.0M$53.0M$87.0M$-71.0M$51.0M
Tax$6.1M$21.0M$9.9M$26.1M$59.6M$21.5M$34.6M$29.6M$10.7M$1.4M
Net Profit$74.0M$44.0M$64.0M$38.0M$5.0M$-173.0M$31.0M$-108.0M$-81.0M$47.0M
EPS$2.49$1.44$2.11$1.25$0.16$-4.94$0.59$-3.13$-3.06$0.79
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$210.0M$117.0M$201.0M$188.0M$191.0M$127.0M$172.0M$175.0M$173.0M$168.0M$151.0M$161.0M
Operating Expenses$180.0M$88.0M$168.0M$168.0M$230.0M$199.0M$156.0M$168.0M$170.0M$143.0M$162.0M$147.0M
Operating Profit$31.0M$29.0M$33.0M$20.0M$-38.0M$-72.0M$16.0M$7.0M$3.0M$25.0M$-11.0M$14.0M
Operating Margin14.6%24.7%16.4%10.7%-19.9%-57.0%9.3%4.2%1.5%14.6%-7.0%8.7%
Interest$7.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M$6.0M
Profit Before Tax$31.0M$29.0M$33.0M$20.0M$-52.0M$-72.0M$16.0M$7.0M$3.0M$25.0M$-11.0M$8.0M
Tax$22.8M$35.2M$28.7M$28.3M$26.8M$12.3M$31.4M$30.1M$39.9M$-30.8M$17.5M$21.8M
Net Profit$20.0M$-150.0M$15.0M$8.0M$-39.0M$-65.0M$10.0M$5.0M$1.0M$32.0M$-9.0M$6.0M
EPS$0.45$-4.06$0.29$0.13$-1.10$-2.25$0.13$0.06$-0.02$0.50$-0.23$0.10

Over the 10 years reported for James River Group Holdings, Inc., borrowings increased from $192.0M in 2016 to $330.0M in 2025, cash stood at $261.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.91 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$2.3B$2.8B$3.1B$5.0B$5.1B$4.9B$5.1B$5.3B$5.0B$4.9B
Current Assets$3.0M$3.0M$2.2B$0$0$0$4.0B$0$0$3.4B
Cash$110.0M$163.0M$172.0M$207.0M$162.0M$190.0M$173.0M$274.0M$362.0M$261.0M
Inventory$-2.1B$-2.5B$-626.0M$0$0$0$0$0$0$0
Receivables$0$0$0$1.1B$1.2B$1.8B$1.6B$1.8B$2.4B$2.3B
Fixed Assets$25.0M$25.0M$23.0M$2.0M$1.0M$1.0M$9.0M$17.0M$20.0M$22.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$2.1B$2.2B$2.6B$3.3B$3.9B$3.7B$3.9B$2.9B$2.0B$1.7B
Other Assets$182.0M$182.0M$182.0M$182.0M$182.0M$182.0M$182.0M$182.0M$182.0M$182.0M
Total Liabilities$1.7B$2.1B$2.4B$4.2B$4.3B$4.2B$4.4B$4.6B$4.4B$4.2B
Current Liabilities$40.0M$56.0M$62.0M$0$0$0$124.0M$0$0$3.8B
Borrowings$192.0M$202.0M$222.0M$262.0M$366.0M$366.0M$326.0M$326.0M$305.0M$330.0M
Other Liabilities$1.5B$1.9B$2.2B$4.0B$3.9B$3.9B$4.1B$4.3B$4.1B$3.9B
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$693.0M$695.0M$709.0M$779.0M$796.0M$725.0M$699.0M$680.0M$594.0M$671.0M

For James River Group Holdings, Inc., operating cash flow was positive in 6 of 10 reported years; free cash flow in the latest year was negative at $24.0M; free cash flow was positive in 6 of 10 years; financing activities used $2.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$151.0M$208.0M$290.0M$1.5B$-274.0M$-914.0M$223.0M$88.0M$-247.0M$-19.0M
Investing Cash Flow$-81.0M$-105.0M$-267.0M$-264.0M$-177.0M$30.0M$-336.0M$10.0M$302.0M$-121.0M
Financing Cash Flow$-3.0M$-9.0M$2.0M$5.0M$-1.0M$-1.0M$-1.0M$-3.0M$-1.0M$-2.0M
Net Cash Flow$3.0M$54.0M$9.0M$1.2B$-384.0M$-730.0M$-16.0M$84.0M$31.0M$-122.0M
Free Cash Flow$151.0M$208.0M$290.0M$1.5B$-274.0M$-920.0M$215.0M$82.0M$-252.0M$-24.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.07
EV / EBITDA5.88
FCF Yield-1.43%
Quick Ratio0.91
Interest Coverage1.31
Return 1Y-22.16%
Return 3Y-75.09%
Return 5Y-87.05%

James River Group Holdings, Inc. (JRVR) financials — frequently asked questions

What is James River Group Holdings, Inc.'s annual revenue?

James River Group Holdings, Inc. (JRVR) reported annual revenue of $688.0M in its most recent fiscal year.

What is James River Group Holdings, Inc.'s net profit?

James River Group Holdings, Inc. (JRVR) reported net profit of $47.0M in its most recent fiscal year.

What is JRVR EV/EBITDA?

James River Group Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 5.88.

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