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Side-by-side financial comparison of Ambiq Micro, Inc. (AMBQ) 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 $18.2M, roughly 1.6× Ambiq Micro, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -49.6%, a 68.4% gap on every dollar of revenue.

Ambiq Micro, Inc. is an American semiconductor company specializing in low-power microcontrollers and systems-on-chip, including products for devices smartwatches, medical devices, and sensors. Founded in 2010 by University of Michigan researchers Scott Hanson, David Blaauw, and Dennis Sylvester, the company is headquartered in Austin, Texas. Its products employ Subthreshold Power Optimized Technology (SPOT) to reduce energy consumption and enable on-device edge AI. In 2025, Ambiq went public...

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.

AMBQ vs AREN — Head-to-Head

Bigger by revenue
AREN
AREN
1.6× larger
AREN
$28.2M
$18.2M
AMBQ
Higher net margin
AREN
AREN
68.4% more per $
AREN
18.9%
-49.6%
AMBQ

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
AMBQ
AMBQ
AREN
AREN
Revenue
$18.2M
$28.2M
Net Profit
$-9.0M
$5.3M
Gross Margin
42.3%
43.6%
Operating Margin
-55.3%
26.6%
Net Margin
-49.6%
18.9%
Revenue YoY
-22.0%
Net Profit YoY
-22.5%
EPS (diluted)
$-0.72
$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
AMBQ
AMBQ
AREN
AREN
Q4 25
$28.2M
Q3 25
$18.2M
$29.8M
Q2 25
$17.9M
$45.0M
Q1 25
$31.8M
Q4 24
$36.2M
Q3 24
$33.6M
Q2 24
$27.2M
Q1 24
$28.9M
Net Profit
AMBQ
AMBQ
AREN
AREN
Q4 25
$5.3M
Q3 25
$-9.0M
$6.9M
Q2 25
$-8.5M
$108.6M
Q1 25
$4.0M
Q4 24
$6.9M
Q3 24
$4.0M
Q2 24
$-8.2M
Q1 24
$-103.4M
Gross Margin
AMBQ
AMBQ
AREN
AREN
Q4 25
43.6%
Q3 25
42.3%
50.2%
Q2 25
40.1%
56.5%
Q1 25
49.3%
Q4 24
52.6%
Q3 24
50.6%
Q2 24
39.4%
Q1 24
30.9%
Operating Margin
AMBQ
AMBQ
AREN
AREN
Q4 25
26.6%
Q3 25
-55.3%
31.9%
Q2 25
-49.2%
36.5%
Q1 25
23.1%
Q4 24
28.6%
Q3 24
24.0%
Q2 24
-9.5%
Q1 24
-27.5%
Net Margin
AMBQ
AMBQ
AREN
AREN
Q4 25
18.9%
Q3 25
-49.6%
23.1%
Q2 25
-47.5%
241.4%
Q1 25
12.6%
Q4 24
19.0%
Q3 24
11.8%
Q2 24
-30.1%
Q1 24
-357.1%
EPS (diluted)
AMBQ
AMBQ
AREN
AREN
Q4 25
$0.12
Q3 25
$-0.72
$0.14
Q2 25
$-18.89
$2.28
Q1 25
$0.08
Q4 24
$1.23
Q3 24
$0.11
Q2 24
$-0.28
Q1 24
$-3.91

Balance Sheet & Financial Strength

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

Metric
AMBQ
AMBQ
AREN
AREN
Cash + ST InvestmentsLiquidity on hand
$146.5M
$10.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$169.8M
$-4.8M
Total Assets
$186.7M
$112.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMBQ
AMBQ
AREN
AREN
Q4 25
$10.3M
Q3 25
$146.5M
$12.5M
Q2 25
$47.5M
$6.8M
Q1 25
$2.9M
Q4 24
$4.4M
Q3 24
$5.8M
Q2 24
$6.1M
Q1 24
$4.0M
Total Debt
AMBQ
AMBQ
AREN
AREN
Q4 25
$97.6M
Q3 25
$110.5M
Q2 25
$110.5M
Q1 25
$110.5M
Q4 24
$110.4M
Q3 24
$102.4M
Q2 24
$102.4M
Q1 24
$102.3M
Stockholders' Equity
AMBQ
AMBQ
AREN
AREN
Q4 25
$-4.8M
Q3 25
$169.8M
$-10.4M
Q2 25
$-307.3M
$-17.3M
Q1 25
$-126.1M
Q4 24
$-130.3M
Q3 24
$-137.5M
Q2 24
$-157.2M
Q1 24
$-149.6M
Total Assets
AMBQ
AMBQ
AREN
AREN
Q4 25
$112.6M
Q3 25
$186.7M
$121.4M
Q2 25
$89.2M
$127.8M
Q1 25
$114.6M
Q4 24
$116.4M
Q3 24
$114.2M
Q2 24
$113.4M
Q1 24
$120.3M

Cash Flow & Capital Efficiency

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

Metric
AMBQ
AMBQ
AREN
AREN
Operating Cash FlowLast quarter
$-5.0M
$13.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMBQ
AMBQ
AREN
AREN
Q4 25
$13.1M
Q3 25
$-5.0M
$12.2M
Q2 25
$-10.5M
$10.3M
Q1 25
$3.7M
Q4 24
$-8.6M
Q3 24
$-2.3M
Q2 24
$-3.2M
Q1 24
$-2.0M
Free Cash Flow
AMBQ
AMBQ
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
AMBQ
AMBQ
AREN
AREN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
AMBQ
AMBQ
AREN
AREN
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
AMBQ
AMBQ
AREN
AREN
Q4 25
2.46×
Q3 25
1.77×
Q2 25
0.09×
Q1 25
0.91×
Q4 24
-1.25×
Q3 24
-0.59×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMBQ
AMBQ

Customer Concentration Risk$16.2M89%
Other$2.0M11%

AREN
AREN

Segment breakdown not available.

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