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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and AVINO SILVER & GOLD MINES LTD (ASM). 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 $21.0M, roughly 1.3× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 18.9%, a 17.7% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs -22.0%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs -1.2%).

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.

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

AREN vs ASM — Head-to-Head

Bigger by revenue
AREN
AREN
1.3× larger
AREN
$28.2M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+66.0% gap
ASM
44.0%
-22.0%
AREN
Higher net margin
ASM
ASM
17.7% more per $
ASM
36.6%
18.9%
AREN
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
AREN
AREN
ASM
ASM
Revenue
$28.2M
$21.0M
Net Profit
$5.3M
$7.7M
Gross Margin
43.6%
47.1%
Operating Margin
26.6%
Net Margin
18.9%
36.6%
Revenue YoY
-22.0%
44.0%
Net Profit YoY
-22.5%
558.9%
EPS (diluted)
$0.12
$0.05

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
AREN
AREN
ASM
ASM
Q4 25
$28.2M
Q3 25
$29.8M
$21.0M
Q2 25
$45.0M
$21.8M
Q1 25
$31.8M
$18.8M
Q4 24
$36.2M
Q3 24
$33.6M
$14.6M
Q2 24
$27.2M
$14.8M
Q1 24
$28.9M
$12.4M
Net Profit
AREN
AREN
ASM
ASM
Q4 25
$5.3M
Q3 25
$6.9M
$7.7M
Q2 25
$108.6M
$2.9M
Q1 25
$4.0M
$5.6M
Q4 24
$6.9M
Q3 24
$4.0M
$1.2M
Q2 24
$-8.2M
$1.2M
Q1 24
$-103.4M
$599.0K
Gross Margin
AREN
AREN
ASM
ASM
Q4 25
43.6%
Q3 25
50.2%
47.1%
Q2 25
56.5%
46.9%
Q1 25
49.3%
56.1%
Q4 24
52.6%
Q3 24
50.6%
39.1%
Q2 24
39.4%
31.8%
Q1 24
30.9%
18.9%
Operating Margin
AREN
AREN
ASM
ASM
Q4 25
26.6%
Q3 25
31.9%
Q2 25
36.5%
Q1 25
23.1%
Q4 24
28.6%
Q3 24
24.0%
Q2 24
-9.5%
Q1 24
-27.5%
Net Margin
AREN
AREN
ASM
ASM
Q4 25
18.9%
Q3 25
23.1%
36.6%
Q2 25
241.4%
13.1%
Q1 25
12.6%
29.8%
Q4 24
19.0%
Q3 24
11.8%
8.0%
Q2 24
-30.1%
8.4%
Q1 24
-357.1%
4.8%
EPS (diluted)
AREN
AREN
ASM
ASM
Q4 25
$0.12
Q3 25
$0.14
$0.05
Q2 25
$2.28
$0.02
Q1 25
$0.08
$0.04
Q4 24
$1.23
Q3 24
$0.11
$0.01
Q2 24
$-0.28
$0.01
Q1 24
$-3.91
$0.00

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
ASM
ASM
Cash + ST InvestmentsLiquidity on hand
$10.3M
$57.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$182.1M
Total Assets
$112.6M
$221.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
ASM
ASM
Q4 25
$10.3M
Q3 25
$12.5M
$57.3M
Q2 25
$6.8M
$37.3M
Q1 25
$2.9M
$26.6M
Q4 24
$4.4M
Q3 24
$5.8M
$7.8M
Q2 24
$6.1M
$5.3M
Q1 24
$4.0M
$3.5M
Total Debt
AREN
AREN
ASM
ASM
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
AREN
AREN
ASM
ASM
Q4 25
$-4.8M
Q3 25
$-10.4M
$182.1M
Q2 25
$-17.3M
$144.8M
Q1 25
$-126.1M
$132.3M
Q4 24
$-130.3M
Q3 24
$-137.5M
$114.5M
Q2 24
$-157.2M
$112.2M
Q1 24
$-149.6M
$107.8M
Total Assets
AREN
AREN
ASM
ASM
Q4 25
$112.6M
Q3 25
$121.4M
$221.9M
Q2 25
$127.8M
$174.7M
Q1 25
$114.6M
$157.7M
Q4 24
$116.4M
Q3 24
$114.2M
$135.4M
Q2 24
$113.4M
$133.7M
Q1 24
$120.3M
$128.6M

Cash Flow & Capital Efficiency

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

Metric
AREN
AREN
ASM
ASM
Operating Cash FlowLast quarter
$13.1M
$8.3M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.46×
1.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
ASM
ASM
Q4 25
$13.1M
Q3 25
$12.2M
$8.3M
Q2 25
$10.3M
$8.3M
Q1 25
$3.7M
$758.0K
Q4 24
$-8.6M
Q3 24
$-2.3M
$4.1M
Q2 24
$-3.2M
$1.1M
Q1 24
$-2.0M
$2.3M
Free Cash Flow
AREN
AREN
ASM
ASM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
AREN
AREN
ASM
ASM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
AREN
AREN
ASM
ASM
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
AREN
AREN
ASM
ASM
Q4 25
2.46×
Q3 25
1.77×
1.08×
Q2 25
0.09×
2.92×
Q1 25
0.91×
0.13×
Q4 24
-1.25×
Q3 24
-0.59×
3.55×
Q2 24
0.87×
Q1 24
3.92×

Financial Flow Comparison

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

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