Filing Flows › James River Group Holdings (JRVR) › Q1 2025
James River Group Holdings (JRVR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
James River Group Holdings (JRVR) reported revenue of $172M for the first quarter 2025 (Q1 2025), -14% from a year earlier and +36% from the quarter before. Operating margin was 9.3%, net earnings $9.6M (5.6% of revenue).
James River Group Holdings, Q1 2025: revenue $172M (-14% year over year), operating margin 9.3%, net earnings $9.6M, operating cash flow −$51.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $172M | +36% | -14% |
| Operating profit | $16.0M | — | -51% |
| Net earnings | $9.6M | — | -38% |
| Operating cash flow | −$51.5M | -789% | — |
What changed
Revenue was $172.3M in Q1 2025, down 14% year over year and up 36% from the previous quarter.
Operating profit was $16.0M, a 9.3% margin (down 7.1 points year over year). Total costs fell 7% while revenue fell 14%. Net earnings were $9.6M, down 38% year over year. The effective tax rate was 34.4%.
Operating cash flow was −$51.5M. Non-cash charges added back $2.7M of share-based compensation. Working capital and other items used $63.7M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$52.7M.
Questions
What was James River Group Holdings' revenue in the first quarter 2025?
James River Group Holdings (JRVR) reported revenue of $172M for the first quarter 2025 (Q1 2025), -14% from a year earlier and +36% from the quarter before.
Was James River Group Holdings profitable in the first quarter 2025?
Operating profit was $16.0M (9.3% of revenue) and net earnings $9.6M.