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Side-by-side financial comparison of Digital Turbine, Inc. (APPS) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.

Digital Turbine, Inc. is the larger business by last-quarter revenue ($151.4M vs $151.4M, roughly 1.0× James River Group Holdings, Inc.). On growth, Digital Turbine, Inc. posted the faster year-over-year revenue change (12.4% vs -12.1%). Over the past eight quarters, Digital Turbine, Inc.'s revenue compounded faster (16.2% CAGR vs -10.3%).

Digital Turbine, Inc. is a global ad technology company that provides end-to-end mobile app monetization, user acquisition, and targeted advertising solutions. It partners with mobile network operators, original equipment manufacturers, and app developers to deliver seamless, contextually relevant app experiences and ad engagements to end users across North America, Europe, and Asia-Pacific, serving core segments of telecom, mobile tech and consumer app industries.

James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.

APPS vs JRVR — Head-to-Head

Bigger by revenue
APPS
APPS
1.0× larger
APPS
$151.4M
$151.4M
JRVR
Growing faster (revenue YoY)
APPS
APPS
+24.6% gap
APPS
12.4%
-12.1%
JRVR
Faster 2-yr revenue CAGR
APPS
APPS
Annualised
APPS
16.2%
-10.3%
JRVR

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
APPS
APPS
JRVR
JRVR
Revenue
$151.4M
$151.4M
Net Profit
$5.1M
Gross Margin
57.4%
Operating Margin
14.3%
Net Margin
3.4%
Revenue YoY
12.4%
-12.1%
Net Profit YoY
122.1%
EPS (diluted)
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
APPS
APPS
JRVR
JRVR
Q1 26
$151.4M
Q4 25
$151.4M
$167.7M
Q3 25
$140.4M
$172.7M
Q2 25
$130.9M
$174.8M
Q1 25
$119.2M
$172.3M
Q4 24
$134.6M
$126.7M
Q3 24
$118.7M
$191.5M
Q2 24
$118.0M
$188.3M
Net Profit
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
$5.1M
$32.1M
Q3 25
$-21.4M
$1.0M
Q2 25
$-14.1M
$4.8M
Q1 25
$-18.8M
$9.6M
Q4 24
$-23.1M
$-64.8M
Q3 24
$-25.0M
$-39.4M
Q2 24
$-25.2M
$7.6M
Gross Margin
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
57.4%
Q3 25
55.1%
Q2 25
55.6%
Q1 25
55.4%
Q4 24
48.0%
Q3 24
52.6%
Q2 24
52.7%
Operating Margin
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
14.3%
14.6%
Q3 25
4.7%
1.5%
Q2 25
-3.6%
4.2%
Q1 25
-9.8%
9.3%
Q4 24
-9.5%
-57.0%
Q3 24
-11.4%
-27.1%
Q2 24
-13.6%
10.7%
Net Margin
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
3.4%
19.1%
Q3 25
-15.2%
0.6%
Q2 25
-10.8%
2.7%
Q1 25
-15.8%
5.6%
Q4 24
-17.2%
-51.1%
Q3 24
-21.0%
-20.6%
Q2 24
-21.3%
4.0%
EPS (diluted)
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
$0.03
$0.59
Q3 25
$-0.20
$-0.02
Q2 25
$-0.13
$0.06
Q1 25
$-0.18
$0.16
Q4 24
$-0.22
$-2.44
Q3 24
$-0.24
$-1.10
Q2 24
$-0.25
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
APPS
APPS
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$40.2M
$228.2M
Total DebtLower is stronger
$355.0M
Stockholders' EquityBook value
$194.6M
$518.4M
Total Assets
$858.2M
$4.8B
Debt / EquityLower = less leverage
1.82×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
APPS
APPS
JRVR
JRVR
Q1 26
$228.2M
Q4 25
$40.2M
$260.9M
Q3 25
$38.8M
$238.8M
Q2 25
$33.4M
$220.0M
Q1 25
$39.4M
$279.4M
Q4 24
$34.6M
$362.3M
Q3 24
$32.1M
$359.8M
Q2 24
$35.0M
$672.5M
Total Debt
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
$355.0M
Q3 25
$396.4M
Q2 25
$400.5M
Q1 25
$408.7M
Q4 24
$408.2M
Q3 24
$407.6M
Q2 24
$393.8M
Stockholders' Equity
APPS
APPS
JRVR
JRVR
Q1 26
$518.4M
Q4 25
$194.6M
$538.2M
Q3 25
$148.1M
$503.6M
Q2 25
$152.3M
$492.6M
Q1 25
$154.0M
$484.5M
Q4 24
$163.6M
$460.9M
Q3 24
$182.4M
$530.3M
Q2 24
$196.0M
$541.8M
Total Assets
APPS
APPS
JRVR
JRVR
Q1 26
$4.8B
Q4 25
$858.2M
$4.9B
Q3 25
$818.7M
$5.0B
Q2 25
$818.4M
$5.0B
Q1 25
$812.9M
$4.9B
Q4 24
$839.7M
$5.0B
Q3 24
$844.5M
$5.0B
Q2 24
$860.2M
$4.7B
Debt / Equity
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
1.82×
Q3 25
2.68×
Q2 25
2.63×
Q1 25
2.65×
Q4 24
2.50×
Q3 24
2.24×
Q2 24
2.01×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
APPS
APPS
JRVR
JRVR
Operating Cash FlowLast quarter
$14.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.78×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
$14.2M
$-18.8M
Q3 25
$14.5M
$34.3M
Q2 25
$8.8M
$25.2M
Q1 25
$11.9M
$-51.5M
Q4 24
$10.4M
$-247.1M
Q3 24
$-8.7M
$-269.9M
Q2 24
$-1.4M
$-8.7M
Free Cash Flow
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
$-23.6M
Q3 25
$33.7M
Q2 25
$24.7M
Q1 25
$-52.7M
Q4 24
$-252.0M
Q3 24
$-270.8M
Q2 24
$-9.3M
FCF Margin
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
-14.1%
Q3 25
19.5%
Q2 25
14.1%
Q1 25
-30.6%
Q4 24
-198.9%
Q3 24
-141.4%
Q2 24
-4.9%
Capex Intensity
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
2.9%
Q3 25
0.4%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
3.9%
Q3 24
0.4%
Q2 24
0.3%
Cash Conversion
APPS
APPS
JRVR
JRVR
Q1 26
Q4 25
2.78×
-0.59×
Q3 25
33.61×
Q2 25
5.29×
Q1 25
-5.38×
Q4 24
Q3 24
Q2 24
-1.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

APPS
APPS

On Device Solutions$99.6M66%
App Growth Platform$52.6M35%

JRVR
JRVR

Segment breakdown not available.

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