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Side-by-side financial comparison of ACRES Commercial Realty Corp. (ACR) and Arena Group Holdings, Inc. (AREN). Click either name above to swap in a different company.

Arena Group Holdings, Inc. is the larger business by last-quarter revenue ($28.2M vs $20.0M, roughly 1.4× ACRES Commercial Realty Corp.). ACRES Commercial Realty Corp. runs the higher net margin — 31.6% vs 18.9%, a 12.7% gap on every dollar of revenue. On growth, ACRES Commercial Realty Corp. posted the faster year-over-year revenue change (-6.5% vs -22.0%). Over the past eight quarters, ACRES Commercial Realty Corp.'s revenue compounded faster (3.3% CAGR vs -1.2%).

Piramal Realty is an Indian real estate company, founded in 2012 and headquartered in Mumbai, India. It is a part of the Piramal Group. The company focuses on the development of residential and commercial properties, with projects under development covering an estimated 15 million square feet. Among its notable projects include Piramal Aranya, Piramal Mahalaxmi, Piramal Revanta, Piramal Vaikunth and Piramal Agastya.

Arena Racing Company, also called ARC Racing and Leisure Group is a UK private company, created in 2012 by the merger of Arena Leisure and Northern Racing. It owns and operates 16 racecourses in Great Britain, accounting for 39% of British racing fixtures. It also operates hotels at Wolverhampton Racecourse, Lingfield Park Racecourse and Doncaster Racecourse and golf courses at Lingfield, Southwell and Newcastle.

ACR vs AREN — Head-to-Head

Bigger by revenue
AREN
AREN
1.4× larger
AREN
$28.2M
$20.0M
ACR
Growing faster (revenue YoY)
ACR
ACR
+15.5% gap
ACR
-6.5%
-22.0%
AREN
Higher net margin
ACR
ACR
12.7% more per $
ACR
31.6%
18.9%
AREN
Faster 2-yr revenue CAGR
ACR
ACR
Annualised
ACR
3.3%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ACR
ACR
AREN
AREN
Revenue
$20.0M
$28.2M
Net Profit
$6.3M
$5.3M
Gross Margin
43.6%
Operating Margin
30.8%
26.6%
Net Margin
31.6%
18.9%
Revenue YoY
-6.5%
-22.0%
Net Profit YoY
-32.0%
-22.5%
EPS (diluted)
$-0.41
$0.12

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
ACR
ACR
AREN
AREN
Q4 25
$20.0M
$28.2M
Q3 25
$21.0M
$29.8M
Q2 25
$21.9M
$45.0M
Q1 25
$17.0M
$31.8M
Q4 24
$21.4M
$36.2M
Q3 24
$22.4M
$33.6M
Q2 24
$20.9M
$27.2M
Q1 24
$18.8M
$28.9M
Net Profit
ACR
ACR
AREN
AREN
Q4 25
$6.3M
$5.3M
Q3 25
$18.0M
$6.9M
Q2 25
$4.3M
$108.6M
Q1 25
$-730.0K
$4.0M
Q4 24
$9.3M
$6.9M
Q3 24
$8.1M
$4.0M
Q2 24
$6.4M
$-8.2M
Q1 24
$4.9M
$-103.4M
Gross Margin
ACR
ACR
AREN
AREN
Q4 25
43.6%
Q3 25
50.2%
Q2 25
56.5%
Q1 25
49.3%
Q4 24
52.6%
Q3 24
50.6%
Q2 24
39.4%
Q1 24
30.9%
Operating Margin
ACR
ACR
AREN
AREN
Q4 25
30.8%
26.6%
Q3 25
85.8%
31.9%
Q2 25
19.8%
36.5%
Q1 25
-3.8%
23.1%
Q4 24
43.4%
28.6%
Q3 24
36.4%
24.0%
Q2 24
30.8%
-9.5%
Q1 24
26.2%
-27.5%
Net Margin
ACR
ACR
AREN
AREN
Q4 25
31.6%
18.9%
Q3 25
85.8%
23.1%
Q2 25
19.8%
241.4%
Q1 25
-4.3%
12.6%
Q4 24
43.5%
19.0%
Q3 24
36.0%
11.8%
Q2 24
30.6%
-30.1%
Q1 24
26.2%
-357.1%
EPS (diluted)
ACR
ACR
AREN
AREN
Q4 25
$-0.41
$0.12
Q3 25
$1.34
$0.14
Q2 25
$-0.10
$2.28
Q1 25
$-0.80
$0.08
Q4 24
$0.51
$1.23
Q3 24
$0.36
$0.11
Q2 24
$0.21
$-0.28
Q1 24
$0.07
$-3.91

Balance Sheet & Financial Strength

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

Metric
ACR
ACR
AREN
AREN
Cash + ST InvestmentsLiquidity on hand
$83.8M
$10.3M
Total DebtLower is stronger
$1.6B
$97.6M
Stockholders' EquityBook value
$420.8M
$-4.8M
Total Assets
$2.2B
$112.6M
Debt / EquityLower = less leverage
3.68×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACR
ACR
AREN
AREN
Q4 25
$83.8M
$10.3M
Q3 25
$40.9M
$12.5M
Q2 25
$42.7M
$6.8M
Q1 25
$66.0M
$2.9M
Q4 24
$56.7M
$4.4M
Q3 24
$70.1M
$5.8M
Q2 24
$89.6M
$6.1M
Q1 24
$84.6M
$4.0M
Total Debt
ACR
ACR
AREN
AREN
Q4 25
$1.6B
$97.6M
Q3 25
$1.2B
$110.5M
Q2 25
$1.3B
$110.5M
Q1 25
$1.3B
$110.5M
Q4 24
$1.4B
$110.4M
Q3 24
$1.5B
$102.4M
Q2 24
$1.6B
$102.4M
Q1 24
$1.6B
$102.3M
Stockholders' Equity
ACR
ACR
AREN
AREN
Q4 25
$420.8M
$-4.8M
Q3 25
$432.9M
$-10.4M
Q2 25
$425.3M
$-17.3M
Q1 25
$430.1M
$-126.1M
Q4 24
$439.1M
$-130.3M
Q3 24
$436.3M
$-137.5M
Q2 24
$434.0M
$-157.2M
Q1 24
$432.8M
$-149.6M
Total Assets
ACR
ACR
AREN
AREN
Q4 25
$2.2B
$112.6M
Q3 25
$1.7B
$121.4M
Q2 25
$1.8B
$127.8M
Q1 25
$1.8B
$114.6M
Q4 24
$1.9B
$116.4M
Q3 24
$2.0B
$114.2M
Q2 24
$2.1B
$113.4M
Q1 24
$2.1B
$120.3M
Debt / Equity
ACR
ACR
AREN
AREN
Q4 25
3.68×
Q3 25
2.76×
Q2 25
3.10×
Q1 25
2.97×
Q4 24
3.12×
Q3 24
3.43×
Q2 24
3.67×
Q1 24
3.79×

Cash Flow & Capital Efficiency

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

Metric
ACR
ACR
AREN
AREN
Operating Cash FlowLast quarter
$4.1M
$13.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.65×
2.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACR
ACR
AREN
AREN
Q4 25
$4.1M
$13.1M
Q3 25
$-9.4M
$12.2M
Q2 25
$11.8M
$10.3M
Q1 25
$-4.6M
$3.7M
Q4 24
$19.4M
$-8.6M
Q3 24
$8.4M
$-2.3M
Q2 24
$6.9M
$-3.2M
Q1 24
$3.3M
$-2.0M
Free Cash Flow
ACR
ACR
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
ACR
ACR
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
ACR
ACR
AREN
AREN
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
ACR
ACR
AREN
AREN
Q4 25
0.65×
2.46×
Q3 25
-0.52×
1.77×
Q2 25
2.72×
0.09×
Q1 25
0.91×
Q4 24
2.08×
-1.25×
Q3 24
1.05×
-0.59×
Q2 24
1.07×
Q1 24
0.68×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACR
ACR

Other$10.8M54%
Pacmulti JVLLC$5.2M26%
Mccallum Jv Llc$2.5M12%
Office Complex$1.5M7%

AREN
AREN

Segment breakdown not available.

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