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Side-by-side financial comparison of James River Group Holdings, Inc. (JRVR) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
James River Group Holdings, Inc. is the larger business by last-quarter revenue ($167.7M vs $140.7M, roughly 1.2× Purple Innovation, Inc.). James River Group Holdings, Inc. runs the higher net margin — 19.1% vs -2.3%, a 21.4% gap on every dollar of revenue. On growth, James River Group Holdings, Inc. posted the faster year-over-year revenue change (32.4% vs 9.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-23.6M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -8.7%).
James River Corporation was an American pulp and paper company based in Richmond, Virginia, once the largest paper manufacturer in the world.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
JRVR vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $167.7M | $140.7M |
| Net Profit | $32.1M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 14.6% | -1.6% |
| Net Margin | 19.1% | -2.3% |
| Revenue YoY | 32.4% | 9.1% |
| Net Profit YoY | 149.5% | 62.1% |
| EPS (diluted) | $0.59 | $0.03 |
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 | $167.7M | $140.7M | ||
| Q3 25 | $172.7M | $118.8M | ||
| Q2 25 | $174.8M | $105.1M | ||
| Q1 25 | $172.3M | $104.2M | ||
| Q4 24 | $126.7M | $129.0M | ||
| Q3 24 | $191.5M | $118.6M | ||
| Q2 24 | $188.3M | $120.3M | ||
| Q1 24 | $201.1M | $120.0M |
| Q4 25 | $32.1M | $-3.2M | ||
| Q3 25 | $1.0M | $-11.7M | ||
| Q2 25 | $4.8M | $-17.3M | ||
| Q1 25 | $9.6M | $-19.1M | ||
| Q4 24 | $-64.8M | $-8.5M | ||
| Q3 24 | $-39.4M | $-39.2M | ||
| Q2 24 | $7.6M | $27.0K | ||
| Q1 24 | $15.4M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 14.6% | -1.6% | ||
| Q3 25 | 1.5% | -10.2% | ||
| Q2 25 | 4.2% | -13.5% | ||
| Q1 25 | 9.3% | -13.9% | ||
| Q4 24 | -57.0% | -6.0% | ||
| Q3 24 | -27.1% | -39.5% | ||
| Q2 24 | 10.7% | -12.1% | ||
| Q1 24 | 16.4% | -19.3% |
| Q4 25 | 19.1% | -2.3% | ||
| Q3 25 | 0.6% | -9.9% | ||
| Q2 25 | 2.7% | -16.5% | ||
| Q1 25 | 5.6% | -18.4% | ||
| Q4 24 | -51.1% | -6.6% | ||
| Q3 24 | -20.6% | -33.1% | ||
| Q2 24 | 4.0% | 0.0% | ||
| Q1 24 | 7.7% | -41.8% |
| Q4 25 | $0.59 | $0.03 | ||
| Q3 25 | $-0.02 | $0.11 | ||
| Q2 25 | $0.06 | $0.16 | ||
| Q1 25 | $0.16 | $0.18 | ||
| Q4 24 | $-2.44 | $0.08 | ||
| Q3 24 | $-1.10 | $0.36 | ||
| Q2 24 | $0.13 | $0.00 | ||
| Q1 24 | $0.35 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $260.9M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $538.2M | $-29.7M |
| Total Assets | $4.9B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $260.9M | $24.3M | ||
| Q3 25 | $238.8M | $32.4M | ||
| Q2 25 | $220.0M | $34.2M | ||
| Q1 25 | $279.4M | $21.6M | ||
| Q4 24 | $362.3M | $29.0M | ||
| Q3 24 | $359.8M | $23.4M | ||
| Q2 24 | $672.5M | $23.4M | ||
| Q1 24 | $305.5M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $538.2M | $-29.7M | ||
| Q3 25 | $503.6M | $-26.9M | ||
| Q2 25 | $492.6M | $-15.6M | ||
| Q1 25 | $484.5M | $1.3M | ||
| Q4 24 | $460.9M | $20.2M | ||
| Q3 24 | $530.3M | $28.0M | ||
| Q2 24 | $541.8M | $66.4M | ||
| Q1 24 | $539.5M | $65.5M |
| Q4 25 | $4.9B | $296.3M | ||
| Q3 25 | $5.0B | $302.1M | ||
| Q2 25 | $5.0B | $303.8M | ||
| Q1 25 | $4.9B | $293.8M | ||
| Q4 24 | $5.0B | $307.8M | ||
| Q3 24 | $5.0B | $309.3M | ||
| Q2 24 | $4.7B | $362.1M | ||
| Q1 24 | $5.3B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-18.8M | $-5.8M |
| Free Cash FlowOCF − Capex | $-23.6M | $-7.8M |
| FCF MarginFCF / Revenue | -14.1% | -5.5% |
| Capex IntensityCapex / Revenue | 2.9% | 1.4% |
| Cash ConversionOCF / Net Profit | -0.59× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-17.9M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-18.8M | $-5.8M | ||
| Q3 25 | $34.3M | $-968.0K | ||
| Q2 25 | $25.2M | $-4.0M | ||
| Q1 25 | $-51.5M | $-23.1M | ||
| Q4 24 | $-247.1M | $6.8M | ||
| Q3 24 | $-269.9M | $1.1M | ||
| Q2 24 | $-8.7M | $-8.9M | ||
| Q1 24 | $24.1M | $-16.8M |
| Q4 25 | $-23.6M | $-7.8M | ||
| Q3 25 | $33.7M | $-1.8M | ||
| Q2 25 | $24.7M | $-7.0M | ||
| Q1 25 | $-52.7M | $-25.3M | ||
| Q4 24 | $-252.0M | $5.7M | ||
| Q3 24 | $-270.8M | $101.0K | ||
| Q2 24 | $-9.3M | $-11.0M | ||
| Q1 24 | $23.3M | $-19.9M |
| Q4 25 | -14.1% | -5.5% | ||
| Q3 25 | 19.5% | -1.5% | ||
| Q2 25 | 14.1% | -6.6% | ||
| Q1 25 | -30.6% | -24.3% | ||
| Q4 24 | -198.9% | 4.4% | ||
| Q3 24 | -141.4% | 0.1% | ||
| Q2 24 | -4.9% | -9.2% | ||
| Q1 24 | 11.6% | -16.5% |
| Q4 25 | 2.9% | 1.4% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.3% | 2.8% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 3.9% | 0.8% | ||
| Q3 24 | 0.4% | 0.9% | ||
| Q2 24 | 0.3% | 1.7% | ||
| Q1 24 | 0.4% | 2.5% |
| Q4 25 | -0.59× | — | ||
| Q3 25 | 33.61× | — | ||
| Q2 25 | 5.29× | — | ||
| Q1 25 | -5.38× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -1.14× | -330.22× | ||
| Q1 24 | 1.56× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
JRVR
| Excess And Surplus Lines | $156.7M | 93% |
| Specialty Admitted Insurance | $10.9M | 7% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
