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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and BayCom Corp (BCML). 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 $25.9M, roughly 1.1× BayCom Corp). BayCom Corp runs the higher net margin — 26.5% vs 18.9%, a 7.6% gap on every dollar of revenue. On growth, BayCom Corp posted the faster year-over-year revenue change (9.4% vs -22.0%). Over the past eight quarters, BayCom Corp's revenue compounded faster (2.9% 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.

BayCom Corp is a U.S.-headquartered bank holding company operating through its wholly owned subsidiary Bay Commercial Bank. It primarily serves small and medium-sized enterprises and retail customers across Northern California, offering commercial lending, deposit products, personal banking services, and localized wealth management solutions.

AREN vs BCML — Head-to-Head

Bigger by revenue
AREN
AREN
1.1× larger
AREN
$28.2M
$25.9M
BCML
Growing faster (revenue YoY)
BCML
BCML
+31.5% gap
BCML
9.4%
-22.0%
AREN
Higher net margin
BCML
BCML
7.6% more per $
BCML
26.5%
18.9%
AREN
Faster 2-yr revenue CAGR
BCML
BCML
Annualised
BCML
2.9%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
BCML
BCML
Revenue
$28.2M
$25.9M
Net Profit
$5.3M
$6.9M
Gross Margin
43.6%
Operating Margin
26.6%
36.6%
Net Margin
18.9%
26.5%
Revenue YoY
-22.0%
9.4%
Net Profit YoY
-22.5%
12.1%
EPS (diluted)
$0.12
$0.63

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
BCML
BCML
Q4 25
$28.2M
$25.9M
Q3 25
$29.8M
$25.7M
Q2 25
$45.0M
$24.7M
Q1 25
$31.8M
$24.3M
Q4 24
$36.2M
$23.7M
Q3 24
$33.6M
$25.6M
Q2 24
$27.2M
$23.8M
Q1 24
$28.9M
$24.5M
Net Profit
AREN
AREN
BCML
BCML
Q4 25
$5.3M
$6.9M
Q3 25
$6.9M
$5.0M
Q2 25
$108.6M
$6.4M
Q1 25
$4.0M
$5.7M
Q4 24
$6.9M
$6.1M
Q3 24
$4.0M
$6.0M
Q2 24
$-8.2M
$5.6M
Q1 24
$-103.4M
$5.9M
Gross Margin
AREN
AREN
BCML
BCML
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
AREN
AREN
BCML
BCML
Q4 25
26.6%
36.6%
Q3 25
31.9%
26.3%
Q2 25
36.5%
35.3%
Q1 25
23.1%
31.6%
Q4 24
28.6%
34.2%
Q3 24
24.0%
32.4%
Q2 24
-9.5%
31.9%
Q1 24
-27.5%
33.3%
Net Margin
AREN
AREN
BCML
BCML
Q4 25
18.9%
26.5%
Q3 25
23.1%
19.5%
Q2 25
241.4%
25.8%
Q1 25
12.6%
23.4%
Q4 24
19.0%
25.9%
Q3 24
11.8%
23.5%
Q2 24
-30.1%
23.6%
Q1 24
-357.1%
24.0%
EPS (diluted)
AREN
AREN
BCML
BCML
Q4 25
$0.12
$0.63
Q3 25
$0.14
$0.46
Q2 25
$2.28
$0.58
Q1 25
$0.08
$0.51
Q4 24
$1.23
$0.55
Q3 24
$0.11
$0.54
Q2 24
$-0.28
$0.50
Q1 24
$-3.91
$0.51

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
BCML
BCML
Cash + ST InvestmentsLiquidity on hand
$10.3M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$338.6M
Total Assets
$112.6M
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
BCML
BCML
Q4 25
$10.3M
Q3 25
$12.5M
Q2 25
$6.8M
Q1 25
$2.9M
Q4 24
$4.4M
Q3 24
$5.8M
Q2 24
$6.1M
Q1 24
$4.0M
Total Debt
AREN
AREN
BCML
BCML
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
BCML
BCML
Q4 25
$-4.8M
$338.6M
Q3 25
$-10.4M
$334.3M
Q2 25
$-17.3M
$330.6M
Q1 25
$-126.1M
$329.3M
Q4 24
$-130.3M
$324.4M
Q3 24
$-137.5M
$321.7M
Q2 24
$-157.2M
$315.3M
Q1 24
$-149.6M
$314.2M
Total Assets
AREN
AREN
BCML
BCML
Q4 25
$112.6M
$2.6B
Q3 25
$121.4M
$2.6B
Q2 25
$127.8M
$2.6B
Q1 25
$114.6M
$2.6B
Q4 24
$116.4M
$2.7B
Q3 24
$114.2M
$2.6B
Q2 24
$113.4M
$2.6B
Q1 24
$120.3M
$2.6B

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
BCML
BCML
Operating Cash FlowLast quarter
$13.1M
$31.8M
Free Cash FlowOCF − Capex
$30.1M
FCF MarginFCF / Revenue
116.2%
Capex IntensityCapex / Revenue
6.7%
Cash ConversionOCF / Net Profit
2.46×
4.64×
TTM Free Cash FlowTrailing 4 quarters
$51.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
BCML
BCML
Q4 25
$13.1M
$31.8M
Q3 25
$12.2M
$7.3M
Q2 25
$10.3M
$6.4M
Q1 25
$3.7M
$9.3M
Q4 24
$-8.6M
$30.4M
Q3 24
$-2.3M
$9.6M
Q2 24
$-3.2M
$7.7M
Q1 24
$-2.0M
$5.1M
Free Cash Flow
AREN
AREN
BCML
BCML
Q4 25
$30.1M
Q3 25
$6.2M
Q2 25
$5.6M
Q1 25
$9.1M
Q4 24
$28.7M
Q3 24
$-2.4M
$9.4M
Q2 24
$7.4M
Q1 24
$3.9M
FCF Margin
AREN
AREN
BCML
BCML
Q4 25
116.2%
Q3 25
24.3%
Q2 25
22.8%
Q1 25
37.6%
Q4 24
121.1%
Q3 24
-7.1%
36.6%
Q2 24
31.2%
Q1 24
16.1%
Capex Intensity
AREN
AREN
BCML
BCML
Q4 25
6.7%
Q3 25
0.0%
4.3%
Q2 25
3.0%
Q1 25
0.6%
Q4 24
7.2%
Q3 24
0.1%
1.0%
Q2 24
1.0%
Q1 24
4.7%
Cash Conversion
AREN
AREN
BCML
BCML
Q4 25
2.46×
4.64×
Q3 25
1.77×
1.47×
Q2 25
0.09×
1.00×
Q1 25
0.91×
1.63×
Q4 24
-1.25×
4.96×
Q3 24
-0.59×
1.60×
Q2 24
1.37×
Q1 24
0.86×

Financial Flow Comparison

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

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