Filing Flows › James River Group Holdings (JRVR) › Q4 2025
James River Group Holdings (JRVR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 3, 2026
James River Group Holdings (JRVR) reported revenue of $168M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and -3% from the quarter before. Operating margin was 14.6%, net earnings $32.1M (19.1% of revenue).
James River Group Holdings, Q4 2025: revenue $168M (+32% year over year), operating margin 14.6%, net earnings $32.1M, operating cash flow −$26.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $168M | -3% | +32% |
| Operating profit | $24.6M | +826% | — |
| Net earnings | $32.1M | 31× | — |
| Operating cash flow | −$26.8M | -178% | -459% |
What changed
Revenue was $167.7M in Q4 2025, up 32% year over year and down 3% from the previous quarter.
Operating profit was $24.6M, a 14.6% margin (up 71.7 points year over year). Total costs fell 28% while revenue rose 32%. Net earnings were $32.1M. The effective tax rate was -30.8%.
Operating cash flow was −$26.8M. Non-cash charges added back $704K of share-based compensation. Working capital and other items used $59.6M. Capital expenditures of $2.5M exceeded it, leaving free cash flow of −$29.3M.
Questions
What was James River Group Holdings' revenue in the fourth quarter 2025?
James River Group Holdings (JRVR) reported revenue of $168M for the fourth quarter 2025 (Q4 2025), +32% from a year earlier and -3% from the quarter before.
Was James River Group Holdings profitable in the fourth quarter 2025?
Operating profit was $24.6M (14.6% of revenue) and net earnings $32.1M.