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Side-by-side financial comparison of BRC Inc. (BRCC) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
James River Group Holdings, Inc. is the larger business by last-quarter revenue ($151.4M vs $112.7M, roughly 1.3× BRC Inc.). On growth, BRC Inc. posted the faster year-over-year revenue change (6.5% vs -12.1%). Over the past eight quarters, BRC Inc.'s revenue compounded faster (7.0% CAGR vs -10.3%).
BRC Inc., operating under the Black Rifle Coffee brand, is a U.S.-headquartered premium coffee and lifestyle brand. It sells roasted coffee beans, ready-to-drink coffee products, branded apparel, and outdoor gear, targeting primarily veteran, first responder, and outdoor enthusiast consumer segments across North America, via both e-commerce and physical retail channels.
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
BRCC vs JRVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $112.7M | $151.4M |
| Net Profit | $-3.2M | — |
| Gross Margin | 32.1% | — |
| Operating Margin | -6.3% | — |
| Net Margin | -2.8% | — |
| Revenue YoY | 6.5% | -12.1% |
| Net Profit YoY | -29.3% | — |
| EPS (diluted) | $-0.02 | — |
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.
| Q1 26 | — | $151.4M | ||
| Q4 25 | $112.7M | $167.7M | ||
| Q3 25 | $100.7M | $172.7M | ||
| Q2 25 | $94.8M | $174.8M | ||
| Q1 25 | $90.0M | $172.3M | ||
| Q4 24 | $105.9M | $126.7M | ||
| Q3 24 | $98.2M | $191.5M | ||
| Q2 24 | $89.0M | $188.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.2M | $32.1M | ||
| Q3 25 | $-486.0K | $1.0M | ||
| Q2 25 | $-5.3M | $4.8M | ||
| Q1 25 | $-2.9M | $9.6M | ||
| Q4 24 | $-2.5M | $-64.8M | ||
| Q3 24 | $-535.0K | $-39.4M | ||
| Q2 24 | $-482.0K | $7.6M |
| Q1 26 | — | — | ||
| Q4 25 | 32.1% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 33.9% | — | ||
| Q1 25 | 36.1% | — | ||
| Q4 24 | 38.1% | — | ||
| Q3 24 | 42.1% | — | ||
| Q2 24 | 41.9% | — |
| Q1 26 | — | — | ||
| Q4 25 | -6.3% | 14.6% | ||
| Q3 25 | 0.5% | 1.5% | ||
| Q2 25 | -13.3% | 4.2% | ||
| Q1 25 | -6.0% | 9.3% | ||
| Q4 24 | -2.1% | -57.0% | ||
| Q3 24 | 1.1% | -27.1% | ||
| Q2 24 | 1.1% | 10.7% |
| Q1 26 | — | — | ||
| Q4 25 | -2.8% | 19.1% | ||
| Q3 25 | -0.5% | 0.6% | ||
| Q2 25 | -5.6% | 2.7% | ||
| Q1 25 | -3.2% | 5.6% | ||
| Q4 24 | -2.3% | -51.1% | ||
| Q3 24 | -0.5% | -20.6% | ||
| Q2 24 | -0.5% | 4.0% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.02 | $0.59 | ||
| Q3 25 | $0.00 | $-0.02 | ||
| Q2 25 | $-0.07 | $0.06 | ||
| Q1 25 | $-0.04 | $0.16 | ||
| Q4 24 | $-0.03 | $-2.44 | ||
| Q3 24 | $-0.01 | $-1.10 | ||
| Q2 24 | $-0.01 | $0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.3M | $228.2M |
| Total DebtLower is stronger | $34.7M | — |
| Stockholders' EquityBook value | $45.7M | $518.4M |
| Total Assets | $209.2M | $4.8B |
| Debt / EquityLower = less leverage | 0.76× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $228.2M | ||
| Q4 25 | $4.3M | $260.9M | ||
| Q3 25 | $9.5M | $238.8M | ||
| Q2 25 | $4.3M | $220.0M | ||
| Q1 25 | $3.9M | $279.4M | ||
| Q4 24 | $6.8M | $362.3M | ||
| Q3 24 | $7.3M | $359.8M | ||
| Q2 24 | $9.6M | $672.5M |
| Q1 26 | — | — | ||
| Q4 25 | $34.7M | — | ||
| Q3 25 | $35.0M | — | ||
| Q2 25 | $72.7M | — | ||
| Q1 25 | $68.8M | — | ||
| Q4 24 | $65.1M | — | ||
| Q3 24 | $64.9M | — | ||
| Q2 24 | $66.5M | — |
| Q1 26 | — | $518.4M | ||
| Q4 25 | $45.7M | $538.2M | ||
| Q3 25 | $48.0M | $503.6M | ||
| Q2 25 | $10.1M | $492.6M | ||
| Q1 25 | $11.2M | $484.5M | ||
| Q4 24 | $13.2M | $460.9M | ||
| Q3 24 | $14.5M | $530.3M | ||
| Q2 24 | $14.9M | $541.8M |
| Q1 26 | — | $4.8B | ||
| Q4 25 | $209.2M | $4.9B | ||
| Q3 25 | $222.4M | $5.0B | ||
| Q2 25 | $225.3M | $5.0B | ||
| Q1 25 | $222.9M | $4.9B | ||
| Q4 24 | $227.4M | $5.0B | ||
| Q3 24 | $233.7M | $5.0B | ||
| Q2 24 | $229.9M | $4.7B |
| Q1 26 | — | — | ||
| Q4 25 | 0.76× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 7.19× | — | ||
| Q1 25 | 6.15× | — | ||
| Q4 24 | 4.94× | — | ||
| Q3 24 | 4.47× | — | ||
| Q2 24 | 4.46× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-8.7M | — |
| Free Cash FlowOCF − Capex | $-9.4M | — |
| FCF MarginFCF / Revenue | -8.3% | — |
| Capex IntensityCapex / Revenue | 0.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-13.5M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-8.7M | $-18.8M | ||
| Q3 25 | $6.4M | $34.3M | ||
| Q2 25 | $-3.3M | $25.2M | ||
| Q1 25 | $-4.1M | $-51.5M | ||
| Q4 24 | $2.2M | $-247.1M | ||
| Q3 24 | $1.9M | $-269.9M | ||
| Q2 24 | $2.3M | $-8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-9.4M | $-23.6M | ||
| Q3 25 | $5.6M | $33.7M | ||
| Q2 25 | $-4.3M | $24.7M | ||
| Q1 25 | $-5.3M | $-52.7M | ||
| Q4 24 | $504.0K | $-252.0M | ||
| Q3 24 | $-205.0K | $-270.8M | ||
| Q2 24 | $147.0K | $-9.3M |
| Q1 26 | — | — | ||
| Q4 25 | -8.3% | -14.1% | ||
| Q3 25 | 5.5% | 19.5% | ||
| Q2 25 | -4.5% | 14.1% | ||
| Q1 25 | -5.9% | -30.6% | ||
| Q4 24 | 0.5% | -198.9% | ||
| Q3 24 | -0.2% | -141.4% | ||
| Q2 24 | 0.2% | -4.9% |
| Q1 26 | — | — | ||
| Q4 25 | 0.6% | 2.9% | ||
| Q3 25 | 0.8% | 0.4% | ||
| Q2 25 | 1.0% | 0.3% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.6% | 3.9% | ||
| Q3 24 | 2.2% | 0.4% | ||
| Q2 24 | 2.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | -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
BRCC
| Sales Channel Through Intermediary | $72.9M | 65% |
| Sales Channel Directly To Consumer | $34.4M | 31% |
| Outpost | $5.4M | 5% |
JRVR
Segment breakdown not available.
