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

DoubleVerify Holdings, Inc. is the larger business by last-quarter revenue ($205.6M vs $167.7M, roughly 1.2× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs 14.3%, a 4.9% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 7.9%). DoubleVerify Holdings, Inc. produced more free cash flow last quarter ($62.1M vs $-23.6M). Over the past eight quarters, DoubleVerify Holdings, Inc.'s revenue compounded faster (20.8% CAGR vs -8.7%).

Double Vision is a Malaysian production studio. Established in 1985, it has production hubs in Malaysia and Indonesia. Double Vision produces over 1,400 hours of television programming per year in various languages and genres for the regional market. It also houses international entertainment TV network, Channel [V], in its studios.

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

DV vs JRVR — Head-to-Head

Bigger by revenue
DV
DV
1.2× larger
DV
$205.6M
$167.7M
JRVR
Growing faster (revenue YoY)
JRVR
JRVR
+24.5% gap
JRVR
32.4%
7.9%
DV
Higher net margin
JRVR
JRVR
4.9% more per $
JRVR
19.1%
14.3%
DV
More free cash flow
DV
DV
$85.7M more FCF
DV
$62.1M
$-23.6M
JRVR
Faster 2-yr revenue CAGR
DV
DV
Annualised
DV
20.8%
-8.7%
JRVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DV
DV
JRVR
JRVR
Revenue
$205.6M
$167.7M
Net Profit
$29.3M
$32.1M
Gross Margin
82.5%
Operating Margin
18.4%
14.6%
Net Margin
14.3%
19.1%
Revenue YoY
7.9%
32.4%
Net Profit YoY
25.3%
149.5%
EPS (diluted)
$0.18
$0.59

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
DV
DV
JRVR
JRVR
Q4 25
$205.6M
$167.7M
Q3 25
$188.6M
$172.7M
Q2 25
$189.0M
$174.8M
Q1 25
$165.1M
$172.3M
Q4 24
$190.6M
$126.7M
Q3 24
$169.6M
$191.5M
Q2 24
$155.9M
$188.3M
Q1 24
$140.8M
$201.1M
Net Profit
DV
DV
JRVR
JRVR
Q4 25
$29.3M
$32.1M
Q3 25
$10.2M
$1.0M
Q2 25
$8.8M
$4.8M
Q1 25
$2.4M
$9.6M
Q4 24
$23.4M
$-64.8M
Q3 24
$18.2M
$-39.4M
Q2 24
$7.5M
$7.6M
Q1 24
$7.2M
$15.4M
Gross Margin
DV
DV
JRVR
JRVR
Q4 25
82.5%
Q3 25
82.3%
Q2 25
82.5%
Q1 25
81.2%
Q4 24
82.0%
Q3 24
82.6%
Q2 24
83.3%
Q1 24
81.1%
Operating Margin
DV
DV
JRVR
JRVR
Q4 25
18.4%
14.6%
Q3 25
11.2%
1.5%
Q2 25
7.2%
4.2%
Q1 25
4.1%
9.3%
Q4 24
20.3%
-57.0%
Q3 24
15.2%
-27.1%
Q2 24
7.1%
10.7%
Q1 24
4.9%
16.4%
Net Margin
DV
DV
JRVR
JRVR
Q4 25
14.3%
19.1%
Q3 25
5.4%
0.6%
Q2 25
4.6%
2.7%
Q1 25
1.4%
5.6%
Q4 24
12.3%
-51.1%
Q3 24
10.7%
-20.6%
Q2 24
4.8%
4.0%
Q1 24
5.1%
7.7%
EPS (diluted)
DV
DV
JRVR
JRVR
Q4 25
$0.18
$0.59
Q3 25
$0.06
$-0.02
Q2 25
$0.05
$0.06
Q1 25
$0.01
$0.16
Q4 24
$0.14
$-2.44
Q3 24
$0.10
$-1.10
Q2 24
$0.04
$0.13
Q1 24
$0.04
$0.35

Balance Sheet & Financial Strength

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

Metric
DV
DV
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$259.0M
$260.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$538.2M
Total Assets
$1.4B
$4.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DV
DV
JRVR
JRVR
Q4 25
$259.0M
$260.9M
Q3 25
$200.7M
$238.8M
Q2 25
$216.8M
$220.0M
Q1 25
$174.3M
$279.4M
Q4 24
$310.6M
$362.3M
Q3 24
$362.6M
$359.8M
Q2 24
$338.8M
$672.5M
Q1 24
$334.3M
$305.5M
Stockholders' Equity
DV
DV
JRVR
JRVR
Q4 25
$1.1B
$538.2M
Q3 25
$1.1B
$503.6M
Q2 25
$1.1B
$492.6M
Q1 25
$1.0B
$484.5M
Q4 24
$1.1B
$460.9M
Q3 24
$1.1B
$530.3M
Q2 24
$1.1B
$541.8M
Q1 24
$1.1B
$539.5M
Total Assets
DV
DV
JRVR
JRVR
Q4 25
$1.4B
$4.9B
Q3 25
$1.3B
$5.0B
Q2 25
$1.3B
$5.0B
Q1 25
$1.2B
$4.9B
Q4 24
$1.3B
$5.0B
Q3 24
$1.3B
$5.0B
Q2 24
$1.3B
$4.7B
Q1 24
$1.3B
$5.3B

Cash Flow & Capital Efficiency

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

Metric
DV
DV
JRVR
JRVR
Operating Cash FlowLast quarter
$72.7M
$-18.8M
Free Cash FlowOCF − Capex
$62.1M
$-23.6M
FCF MarginFCF / Revenue
30.2%
-14.1%
Capex IntensityCapex / Revenue
5.1%
2.9%
Cash ConversionOCF / Net Profit
2.48×
-0.59×
TTM Free Cash FlowTrailing 4 quarters
$172.7M
$-17.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DV
DV
JRVR
JRVR
Q4 25
$72.7M
$-18.8M
Q3 25
$51.2M
$34.3M
Q2 25
$49.6M
$25.2M
Q1 25
$37.7M
$-51.5M
Q4 24
$37.4M
$-247.1M
Q3 24
$54.6M
$-269.9M
Q2 24
$35.9M
$-8.7M
Q1 24
$31.8M
$24.1M
Free Cash Flow
DV
DV
JRVR
JRVR
Q4 25
$62.1M
$-23.6M
Q3 25
$39.0M
$33.7M
Q2 25
$40.1M
$24.7M
Q1 25
$31.4M
$-52.7M
Q4 24
$30.0M
$-252.0M
Q3 24
$48.4M
$-270.8M
Q2 24
$28.7M
$-9.3M
Q1 24
$25.4M
$23.3M
FCF Margin
DV
DV
JRVR
JRVR
Q4 25
30.2%
-14.1%
Q3 25
20.7%
19.5%
Q2 25
21.2%
14.1%
Q1 25
19.0%
-30.6%
Q4 24
15.8%
-198.9%
Q3 24
28.5%
-141.4%
Q2 24
18.4%
-4.9%
Q1 24
18.0%
11.6%
Capex Intensity
DV
DV
JRVR
JRVR
Q4 25
5.1%
2.9%
Q3 25
6.4%
0.4%
Q2 25
5.0%
0.3%
Q1 25
3.8%
0.7%
Q4 24
3.9%
3.9%
Q3 24
3.7%
0.4%
Q2 24
4.6%
0.3%
Q1 24
4.5%
0.4%
Cash Conversion
DV
DV
JRVR
JRVR
Q4 25
2.48×
-0.59×
Q3 25
5.02×
33.61×
Q2 25
5.66×
5.29×
Q1 25
15.95×
-5.38×
Q4 24
1.60×
Q3 24
3.00×
Q2 24
4.80×
-1.14×
Q1 24
4.44×
1.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DV
DV

Activation$116.5M57%
Measurement$69.6M34%
Supply Side$19.5M9%

JRVR
JRVR

Excess And Surplus Lines$156.7M93%
Specialty Admitted Insurance$10.9M7%

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