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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and BGSF, INC. (BGSF). 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 $22.0M, roughly 1.3× BGSF, INC.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -5.3%, a 24.2% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -5.3%).
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.
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
AREN vs BGSF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $22.0M |
| Net Profit | $5.3M | $-1.2M |
| Gross Margin | 43.6% | 35.0% |
| Operating Margin | 26.6% | -17.6% |
| Net Margin | 18.9% | -5.3% |
| Revenue YoY | -22.0% | -9.4% |
| Net Profit YoY | -22.5% | -18.2% |
| EPS (diluted) | $0.12 | $-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.
| Q4 25 | $28.2M | $22.0M | ||
| Q3 25 | $29.8M | $26.9M | ||
| Q2 25 | $45.0M | $23.5M | ||
| Q1 25 | $31.8M | $20.9M | ||
| Q4 24 | $36.2M | $24.3M | ||
| Q3 24 | $33.6M | $29.8M | ||
| Q2 24 | $27.2M | $25.7M | ||
| Q1 24 | $28.9M | $24.5M |
| Q4 25 | $5.3M | $-1.2M | ||
| Q3 25 | $6.9M | $-5.8M | ||
| Q2 25 | $108.6M | $-3.7M | ||
| Q1 25 | $4.0M | $-722.0K | ||
| Q4 24 | $6.9M | $-981.0K | ||
| Q3 24 | $4.0M | $-804.0K | ||
| Q2 24 | $-8.2M | $-761.0K | ||
| Q1 24 | $-103.4M | $-792.0K |
| Q4 25 | 43.6% | 35.0% | ||
| Q3 25 | 50.2% | 35.9% | ||
| Q2 25 | 56.5% | 35.8% | ||
| Q1 25 | 49.3% | 36.2% | ||
| Q4 24 | 52.6% | 35.9% | ||
| Q3 24 | 50.6% | 35.9% | ||
| Q2 24 | 39.4% | 37.3% | ||
| Q1 24 | 30.9% | 38.1% |
| Q4 25 | 26.6% | -17.6% | ||
| Q3 25 | 31.9% | -3.5% | ||
| Q2 25 | 36.5% | -18.8% | ||
| Q1 25 | 23.1% | 1.6% | ||
| Q4 24 | 28.6% | -15.7% | ||
| Q3 24 | 24.0% | -3.4% | ||
| Q2 24 | -9.5% | -5.7% | ||
| Q1 24 | -27.5% | 1.7% |
| Q4 25 | 18.9% | -5.3% | ||
| Q3 25 | 23.1% | -21.6% | ||
| Q2 25 | 241.4% | -15.9% | ||
| Q1 25 | 12.6% | -3.5% | ||
| Q4 24 | 19.0% | -4.0% | ||
| Q3 24 | 11.8% | -2.7% | ||
| Q2 24 | -30.1% | -3.0% | ||
| Q1 24 | -357.1% | -3.2% |
| Q4 25 | $0.12 | $-0.12 | ||
| Q3 25 | $0.14 | $-0.52 | ||
| Q2 25 | $2.28 | $-0.34 | ||
| Q1 25 | $0.08 | $-0.06 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.11 | $-0.07 | ||
| Q2 24 | $-0.28 | $-0.07 | ||
| Q1 24 | $-3.91 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3M | — |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $48.1M |
| Total Assets | $112.6M | $57.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | — | ||
| Q3 25 | $12.5M | $41.2M | ||
| Q2 25 | $6.8M | $2.8M | ||
| Q1 25 | $2.9M | $2.0M | ||
| Q4 24 | $4.4M | $32.0K | ||
| Q3 24 | $5.8M | $262 | ||
| Q2 24 | $6.1M | $226 | ||
| Q1 24 | $4.0M | $50 |
| 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 | — |
| Q4 25 | $-4.8M | $48.1M | ||
| Q3 25 | $-10.4M | $50.7M | ||
| Q2 25 | $-17.3M | $78.3M | ||
| Q1 25 | $-126.1M | $81.8M | ||
| Q4 24 | $-130.3M | $82.3M | ||
| Q3 24 | $-137.5M | $82.9M | ||
| Q2 24 | $-157.2M | $83.2M | ||
| Q1 24 | $-149.6M | $83.6M |
| Q4 25 | $112.6M | $57.8M | ||
| Q3 25 | $121.4M | $83.6M | ||
| Q2 25 | $127.8M | $149.7M | ||
| Q1 25 | $114.6M | $152.3M | ||
| Q4 24 | $116.4M | $150.1M | ||
| Q3 24 | $114.2M | $157.3K | ||
| Q2 24 | $113.4M | $159.8K | ||
| Q1 24 | $120.3M | $170.6K |
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 | $13.1M | $1.7M |
| Free Cash FlowOCF − Capex | — | $1.7M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-16.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $1.7M | ||
| Q3 25 | $12.2M | $-4.8M | ||
| Q2 25 | $10.3M | $2.2M | ||
| Q1 25 | $3.7M | $1.1M | ||
| Q4 24 | $-8.6M | $3.2M | ||
| Q3 24 | $-2.3M | $6.5M | ||
| Q2 24 | $-3.2M | $7.3M | ||
| Q1 24 | $-2.0M | $7.4M |
| Q4 25 | — | $1.7M | ||
| Q3 25 | — | $-4.9M | ||
| Q2 25 | — | $2.1M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | $-2.4M | $6.5M | ||
| Q2 24 | — | $7.3M | ||
| Q1 24 | — | $6.9M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | -18.1% | ||
| Q2 25 | — | 9.1% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | — | 10.2% | ||
| Q3 24 | -7.1% | 21.7% | ||
| Q2 24 | — | 28.5% | ||
| Q1 24 | — | 28.1% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 0.0% | 0.4% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 2.0% |
| 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
AREN
Segment breakdown not available.
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
