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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Nayax Ltd. (NYAX). 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 $78.1M, roughly 1.9× Nayax Ltd.). On growth, Nayax Ltd. posted the faster year-over-year revenue change (39.0% vs -12.1%).

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

Nayax Ltd. is a global fintech company that offers cashless, telemetry, management, monitoring, and business intelligence (BI) products and services for the vending, unattended, and other retail industries.

JRVR vs NYAX — Head-to-Head

Bigger by revenue
JRVR
JRVR
1.9× larger
JRVR
$151.4M
$78.1M
NYAX
Growing faster (revenue YoY)
NYAX
NYAX
+51.2% gap
NYAX
39.0%
-12.1%
JRVR

Income Statement — Q1 FY2026 vs Q2 FY2024

Metric
JRVR
JRVR
NYAX
NYAX
Revenue
$151.4M
$78.1M
Net Profit
$-3.0M
Gross Margin
44.3%
Operating Margin
1.2%
Net Margin
-3.9%
Revenue YoY
-12.1%
39.0%
Net Profit YoY
24.2%
EPS (diluted)
$-0.08

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
JRVR
JRVR
NYAX
NYAX
Q1 26
$151.4M
Q4 25
$167.7M
Q3 25
$172.7M
Q2 25
$174.8M
Q1 25
$172.3M
Q4 24
$126.7M
Q3 24
$191.5M
Q2 24
$188.3M
$78.1M
Net Profit
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
$32.1M
Q3 25
$1.0M
Q2 25
$4.8M
Q1 25
$9.6M
Q4 24
$-64.8M
Q3 24
$-39.4M
Q2 24
$7.6M
$-3.0M
Gross Margin
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
44.3%
Operating Margin
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
14.6%
Q3 25
1.5%
Q2 25
4.2%
Q1 25
9.3%
Q4 24
-57.0%
Q3 24
-27.1%
Q2 24
10.7%
1.2%
Net Margin
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
19.1%
Q3 25
0.6%
Q2 25
2.7%
Q1 25
5.6%
Q4 24
-51.1%
Q3 24
-20.6%
Q2 24
4.0%
-3.9%
EPS (diluted)
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
$0.59
Q3 25
$-0.02
Q2 25
$0.06
Q1 25
$0.16
Q4 24
$-2.44
Q3 24
$-1.10
Q2 24
$0.13
$-0.08

Balance Sheet & Financial Strength

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

Metric
JRVR
JRVR
NYAX
NYAX
Cash + ST InvestmentsLiquidity on hand
$228.2M
$61.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$518.4M
$158.7M
Total Assets
$4.8B
$434.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRVR
JRVR
NYAX
NYAX
Q1 26
$228.2M
Q4 25
$260.9M
Q3 25
$238.8M
Q2 25
$220.0M
Q1 25
$279.4M
Q4 24
$362.3M
Q3 24
$359.8M
Q2 24
$672.5M
$61.9M
Stockholders' Equity
JRVR
JRVR
NYAX
NYAX
Q1 26
$518.4M
Q4 25
$538.2M
Q3 25
$503.6M
Q2 25
$492.6M
Q1 25
$484.5M
Q4 24
$460.9M
Q3 24
$530.3M
Q2 24
$541.8M
$158.7M
Total Assets
JRVR
JRVR
NYAX
NYAX
Q1 26
$4.8B
Q4 25
$4.9B
Q3 25
$5.0B
Q2 25
$5.0B
Q1 25
$4.9B
Q4 24
$5.0B
Q3 24
$5.0B
Q2 24
$4.7B
$434.7M

Cash Flow & Capital Efficiency

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

Metric
JRVR
JRVR
NYAX
NYAX
Operating Cash FlowLast quarter
$9.2M
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
JRVR
JRVR
NYAX
NYAX
Q1 26
Q4 25
$-18.8M
Q3 25
$34.3M
Q2 25
$25.2M
Q1 25
$-51.5M
Q4 24
$-247.1M
Q3 24
$-269.9M
Q2 24
$-8.7M
$9.2M
Free Cash Flow
JRVR
JRVR
NYAX
NYAX
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
JRVR
JRVR
NYAX
NYAX
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
JRVR
JRVR
NYAX
NYAX
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
JRVR
JRVR
NYAX
NYAX
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.

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