Filing Flows › James River Group Holdings (JRVR) › Q3 2025
James River Group Holdings (JRVR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
James River Group Holdings (JRVR) reported revenue of $173M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -1% from the quarter before. Operating margin was 1.5%, net earnings $1.0M (0.6% of revenue).
James River Group Holdings, Q3 2025: revenue $173M (-10% year over year), operating margin 1.5%, net earnings $1.0M, operating cash flow $34.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $173M | -1% | -10% |
| Operating profit | $2.7M | -64% | — |
| Net earnings | $1.0M | -79% | — |
| Operating cash flow | $34.3M | +36% | — |
| Free cash flow | $33.7M | +36% | — |
What changed
Revenue was $172.7M in Q3 2025, down 10% year over year and down 1% from the previous quarter.
Operating profit was $2.7M, a 1.5% margin (up 28.7 points year over year). Total costs fell 30% while revenue fell 10%. Net earnings were $1.0M. The effective tax rate was 50.9%.
Operating cash flow was $34.3M, 3361% of net earnings. Non-cash charges added back $847K of share-based compensation. Working capital and other items added $32.5M. Capital expenditures of $663K left free cash flow of $33.7M.
Questions
What was James River Group Holdings' revenue in the third quarter 2025?
James River Group Holdings (JRVR) reported revenue of $173M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -1% from the quarter before.
Was James River Group Holdings profitable in the third quarter 2025?
Operating profit was $2.7M (1.5% of revenue) and net earnings $1.0M.