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Side-by-side financial comparison of Fastly, Inc. (FSLY) and James River Group Holdings, Inc. (JRVR). Click either name above to swap in a different company.
Fastly, Inc. is the larger business by last-quarter revenue ($172.6M vs $167.7M, roughly 1.0× James River Group Holdings, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -9.0%, a 28.1% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 22.8%). Fastly, Inc. produced more free cash flow last quarter ($12.2M vs $-23.6M). Over the past eight quarters, Fastly, Inc.'s revenue compounded faster (13.7% CAGR vs -8.7%).
Fastly, Inc. is an American company based in San Francisco, which describes itself as a cloud computing company. Fastly provides content delivery network services, image optimization, and load balancing services. Fastly's cloud security services include denial-of-service attack protection, bot mitigation, and a web application firewall.
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
FSLY vs JRVR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $172.6M | $167.7M |
| Net Profit | $-15.5M | $32.1M |
| Gross Margin | 61.4% | — |
| Operating Margin | -8.7% | 14.6% |
| Net Margin | -9.0% | 19.1% |
| Revenue YoY | 22.8% | 32.4% |
| Net Profit YoY | 52.9% | 149.5% |
| EPS (diluted) | $-0.10 | $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.
| Q4 25 | $172.6M | $167.7M | ||
| Q3 25 | $158.2M | $172.7M | ||
| Q2 25 | $148.7M | $174.8M | ||
| Q1 25 | $144.5M | $172.3M | ||
| Q4 24 | $140.6M | $126.7M | ||
| Q3 24 | $137.2M | $191.5M | ||
| Q2 24 | $132.4M | $188.3M | ||
| Q1 24 | $133.5M | $201.1M |
| Q4 25 | $-15.5M | $32.1M | ||
| Q3 25 | $-29.5M | $1.0M | ||
| Q2 25 | $-37.5M | $4.8M | ||
| Q1 25 | $-39.1M | $9.6M | ||
| Q4 24 | $-32.9M | $-64.8M | ||
| Q3 24 | $-38.0M | $-39.4M | ||
| Q2 24 | $-43.7M | $7.6M | ||
| Q1 24 | $-43.4M | $15.4M |
| Q4 25 | 61.4% | — | ||
| Q3 25 | 58.4% | — | ||
| Q2 25 | 54.5% | — | ||
| Q1 25 | 53.2% | — | ||
| Q4 24 | 53.4% | — | ||
| Q3 24 | 54.5% | — | ||
| Q2 24 | 55.1% | — | ||
| Q1 24 | 54.8% | — |
| Q4 25 | -8.7% | 14.6% | ||
| Q3 25 | -18.2% | 1.5% | ||
| Q2 25 | -24.8% | 4.2% | ||
| Q1 25 | -26.4% | 9.3% | ||
| Q4 24 | -24.4% | -57.0% | ||
| Q3 24 | -29.6% | -27.1% | ||
| Q2 24 | -35.3% | 10.7% | ||
| Q1 24 | -34.6% | 16.4% |
| Q4 25 | -9.0% | 19.1% | ||
| Q3 25 | -18.6% | 0.6% | ||
| Q2 25 | -25.2% | 2.7% | ||
| Q1 25 | -27.1% | 5.6% | ||
| Q4 24 | -23.4% | -51.1% | ||
| Q3 24 | -27.7% | -20.6% | ||
| Q2 24 | -33.0% | 4.0% | ||
| Q1 24 | -32.5% | 7.7% |
| Q4 25 | $-0.10 | $0.59 | ||
| Q3 25 | $-0.20 | $-0.02 | ||
| Q2 25 | $-0.26 | $0.06 | ||
| Q1 25 | $-0.27 | $0.16 | ||
| Q4 24 | $-0.23 | $-2.44 | ||
| Q3 24 | $-0.27 | $-1.10 | ||
| Q2 24 | $-0.32 | $0.13 | ||
| Q1 24 | $-0.32 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $361.8M | $260.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $929.6M | $538.2M |
| Total Assets | $1.5B | $4.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $361.8M | $260.9M | ||
| Q3 25 | $342.9M | $238.8M | ||
| Q2 25 | $321.2M | $220.0M | ||
| Q1 25 | $307.3M | $279.4M | ||
| Q4 24 | $295.9M | $362.3M | ||
| Q3 24 | $308.2M | $359.8M | ||
| Q2 24 | $311.8M | $672.5M | ||
| Q1 24 | $329.5M | $305.5M |
| Q4 25 | $929.6M | $538.2M | ||
| Q3 25 | $937.0M | $503.6M | ||
| Q2 25 | $942.6M | $492.6M | ||
| Q1 25 | $957.0M | $484.5M | ||
| Q4 24 | $965.3M | $460.9M | ||
| Q3 24 | $969.5M | $530.3M | ||
| Q2 24 | $981.2M | $541.8M | ||
| Q1 24 | $991.8M | $539.5M |
| Q4 25 | $1.5B | $4.9B | ||
| Q3 25 | $1.5B | $5.0B | ||
| Q2 25 | $1.5B | $5.0B | ||
| Q1 25 | $1.4B | $4.9B | ||
| Q4 24 | $1.5B | $5.0B | ||
| Q3 24 | $1.5B | $5.0B | ||
| Q2 24 | $1.5B | $4.7B | ||
| Q1 24 | $1.5B | $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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $22.4M | $-18.8M |
| Free Cash FlowOCF − Capex | $12.2M | $-23.6M |
| FCF MarginFCF / Revenue | 7.1% | -14.1% |
| Capex IntensityCapex / Revenue | 5.9% | 2.9% |
| Cash ConversionOCF / Net Profit | — | -0.59× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | $-17.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $-18.8M | ||
| Q3 25 | $28.9M | $34.3M | ||
| Q2 25 | $25.8M | $25.2M | ||
| Q1 25 | $17.3M | $-51.5M | ||
| Q4 24 | $5.2M | $-247.1M | ||
| Q3 24 | $5.0M | $-269.9M | ||
| Q2 24 | $-4.9M | $-8.7M | ||
| Q1 24 | $11.1M | $24.1M |
| Q4 25 | $12.2M | $-23.6M | ||
| Q3 25 | $22.9M | $33.7M | ||
| Q2 25 | $15.9M | $24.7M | ||
| Q1 25 | $14.7M | $-52.7M | ||
| Q4 24 | $251.0K | $-252.0M | ||
| Q3 24 | $3.0M | $-270.8M | ||
| Q2 24 | $-6.7M | $-9.3M | ||
| Q1 24 | $9.5M | $23.3M |
| Q4 25 | 7.1% | -14.1% | ||
| Q3 25 | 14.5% | 19.5% | ||
| Q2 25 | 10.7% | 14.1% | ||
| Q1 25 | 10.2% | -30.6% | ||
| Q4 24 | 0.2% | -198.9% | ||
| Q3 24 | 2.2% | -141.4% | ||
| Q2 24 | -5.1% | -4.9% | ||
| Q1 24 | 7.1% | 11.6% |
| Q4 25 | 5.9% | 2.9% | ||
| Q3 25 | 3.8% | 0.4% | ||
| Q2 25 | 6.6% | 0.3% | ||
| Q1 25 | 1.8% | 0.7% | ||
| Q4 24 | 3.5% | 3.9% | ||
| Q3 24 | 1.5% | 0.4% | ||
| Q2 24 | 1.3% | 0.3% | ||
| Q1 24 | 1.2% | 0.4% |
| Q4 25 | — | -0.59× | ||
| Q3 25 | — | 33.61× | ||
| Q2 25 | — | 5.29× | ||
| Q1 25 | — | -5.38× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -1.14× | ||
| Q1 24 | — | 1.56× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSLY
| Network Services | $130.8M | 76% |
| Security | $35.4M | 21% |
| Other | $6.4M | 4% |
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
