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

Freshworks Inc. is the larger business by last-quarter revenue ($228.6M vs $151.4M, roughly 1.5× James River Group Holdings, Inc.). On growth, Freshworks Inc. posted the faster year-over-year revenue change (16.5% vs -12.1%). Over the past eight quarters, Freshworks Inc.'s revenue compounded faster (14.6% CAGR vs -10.3%).

Freshworks Inc. is a cloud-based software-as-a-service company, founded in 2010 in Chennai, India. The company provides cloud-based tools for customer relationship management (CRM), IT service management (ITSM), and e-commerce marketing.

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

FRSH vs JRVR — Head-to-Head

Bigger by revenue
FRSH
FRSH
1.5× larger
FRSH
$228.6M
$151.4M
JRVR
Growing faster (revenue YoY)
FRSH
FRSH
+28.6% gap
FRSH
16.5%
-12.1%
JRVR
Faster 2-yr revenue CAGR
FRSH
FRSH
Annualised
FRSH
14.6%
-10.3%
JRVR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRSH
FRSH
JRVR
JRVR
Revenue
$228.6M
$151.4M
Net Profit
$-4.8M
Gross Margin
84.8%
Operating Margin
11.6%
Net Margin
-2.1%
Revenue YoY
16.5%
-12.1%
Net Profit YoY
-268.9%
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.

Revenue
FRSH
FRSH
JRVR
JRVR
Q1 26
$228.6M
$151.4M
Q4 25
$222.7M
$167.7M
Q3 25
$215.1M
$172.7M
Q2 25
$204.7M
$174.8M
Q1 25
$196.3M
$172.3M
Q4 24
$194.6M
$126.7M
Q3 24
$186.6M
$191.5M
Q2 24
$174.1M
$188.3M
Net Profit
FRSH
FRSH
JRVR
JRVR
Q1 26
$-4.8M
Q4 25
$191.4M
$32.1M
Q3 25
$-4.7M
$1.0M
Q2 25
$-1.7M
$4.8M
Q1 25
$-1.3M
$9.6M
Q4 24
$-21.9M
$-64.8M
Q3 24
$-30.0M
$-39.4M
Q2 24
$-20.2M
$7.6M
Gross Margin
FRSH
FRSH
JRVR
JRVR
Q1 26
84.8%
Q4 25
85.6%
Q3 25
84.7%
Q2 25
84.8%
Q1 25
84.8%
Q4 24
84.9%
Q3 24
84.0%
Q2 24
83.8%
Operating Margin
FRSH
FRSH
JRVR
JRVR
Q1 26
11.6%
Q4 25
17.8%
14.6%
Q3 25
-3.5%
1.5%
Q2 25
-4.2%
4.2%
Q1 25
-5.3%
9.3%
Q4 24
-12.2%
-57.0%
Q3 24
-20.8%
-27.1%
Q2 24
-25.1%
10.7%
Net Margin
FRSH
FRSH
JRVR
JRVR
Q1 26
-2.1%
Q4 25
86.0%
19.1%
Q3 25
-2.2%
0.6%
Q2 25
-0.8%
2.7%
Q1 25
-0.7%
5.6%
Q4 24
-11.3%
-51.1%
Q3 24
-16.1%
-20.6%
Q2 24
-11.6%
4.0%
EPS (diluted)
FRSH
FRSH
JRVR
JRVR
Q1 26
$-0.02
Q4 25
$0.66
$0.59
Q3 25
$-0.02
$-0.02
Q2 25
$-0.01
$0.06
Q1 25
$0.00
$0.16
Q4 24
$-0.07
$-2.44
Q3 24
$-0.10
$-1.10
Q2 24
$-0.07
$0.13

Balance Sheet & Financial Strength

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

Metric
FRSH
FRSH
JRVR
JRVR
Cash + ST InvestmentsLiquidity on hand
$548.2M
$228.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.0B
$518.4M
Total Assets
$1.6B
$4.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRSH
FRSH
JRVR
JRVR
Q1 26
$548.2M
$228.2M
Q4 25
$781.4M
$260.9M
Q3 25
$813.2M
$238.8M
Q2 25
$926.2M
$220.0M
Q1 25
$995.3M
$279.4M
Q4 24
$1.1B
$362.3M
Q3 24
$1.1B
$359.8M
Q2 24
$1.0B
$672.5M
Stockholders' Equity
FRSH
FRSH
JRVR
JRVR
Q1 26
$1.0B
$518.4M
Q4 25
$1.0B
$538.2M
Q3 25
$851.5M
$503.6M
Q2 25
$984.6M
$492.6M
Q1 25
$1.1B
$484.5M
Q4 24
$1.1B
$460.9M
Q3 24
$1.1B
$530.3M
Q2 24
$1.1B
$541.8M
Total Assets
FRSH
FRSH
JRVR
JRVR
Q1 26
$1.6B
$4.8B
Q4 25
$1.6B
$4.9B
Q3 25
$1.4B
$5.0B
Q2 25
$1.5B
$5.0B
Q1 25
$1.5B
$4.9B
Q4 24
$1.6B
$5.0B
Q3 24
$1.6B
$5.0B
Q2 24
$1.5B
$4.7B

Cash Flow & Capital Efficiency

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

Metric
FRSH
FRSH
JRVR
JRVR
Operating Cash FlowLast quarter
$62.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRSH
FRSH
JRVR
JRVR
Q1 26
$62.4M
Q4 25
$62.3M
$-18.8M
Q3 25
$63.5M
$34.3M
Q2 25
$58.6M
$25.2M
Q1 25
$58.0M
$-51.5M
Q4 24
$41.4M
$-247.1M
Q3 24
$42.3M
$-269.9M
Q2 24
$36.3M
$-8.7M
Free Cash Flow
FRSH
FRSH
JRVR
JRVR
Q1 26
Q4 25
$60.1M
$-23.6M
Q3 25
$61.7M
$33.7M
Q2 25
$58.2M
$24.7M
Q1 25
$56.7M
$-52.7M
Q4 24
$36.3M
$-252.0M
Q3 24
$41.3M
$-270.8M
Q2 24
$34.0M
$-9.3M
FCF Margin
FRSH
FRSH
JRVR
JRVR
Q1 26
Q4 25
27.0%
-14.1%
Q3 25
28.7%
19.5%
Q2 25
28.4%
14.1%
Q1 25
28.9%
-30.6%
Q4 24
18.7%
-198.9%
Q3 24
22.1%
-141.4%
Q2 24
19.5%
-4.9%
Capex Intensity
FRSH
FRSH
JRVR
JRVR
Q1 26
Q4 25
1.0%
2.9%
Q3 25
0.8%
0.4%
Q2 25
0.2%
0.3%
Q1 25
0.7%
0.7%
Q4 24
2.6%
3.9%
Q3 24
0.6%
0.4%
Q2 24
1.3%
0.3%
Cash Conversion
FRSH
FRSH
JRVR
JRVR
Q1 26
Q4 25
0.33×
-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.

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