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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Creative Media & Community Trust Corp (CMCT). Click either name above to swap in a different company.

Creative Media & Community Trust Corp is the larger business by last-quarter revenue ($28.5M vs $28.2M, roughly 1.0× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -125.8%, a 144.6% gap on every dollar of revenue. On growth, Creative Media & Community Trust Corp posted the faster year-over-year revenue change (3.6% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -8.5%).

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.

Creative Media & Community Trust Corp is a U.S.-headquartered real estate investment trust operating two core segments: it owns, manages and develops creative media facilities including professional film and TV production studios, plus community-focused assets such as affordable housing, neighborhood healthcare centers and local commercial spaces, serving media operators and local communities nationwide.

AREN vs CMCT — Head-to-Head

Bigger by revenue
CMCT
CMCT
1.0× larger
CMCT
$28.5M
$28.2M
AREN
Growing faster (revenue YoY)
CMCT
CMCT
+25.7% gap
CMCT
3.6%
-22.0%
AREN
Higher net margin
AREN
AREN
144.6% more per $
AREN
18.9%
-125.8%
CMCT
Faster 2-yr revenue CAGR
AREN
AREN
Annualised
AREN
-1.2%
-8.5%
CMCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
CMCT
CMCT
Revenue
$28.2M
$28.5M
Net Profit
$5.3M
$-11.4M
Gross Margin
43.6%
Operating Margin
26.6%
-125.6%
Net Margin
18.9%
-125.8%
Revenue YoY
-22.0%
3.6%
Net Profit YoY
-22.5%
-11.4%
EPS (diluted)
$0.12
$-3.89

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
CMCT
CMCT
Q4 25
$28.2M
$28.5M
Q3 25
$29.8M
$26.2M
Q2 25
$45.0M
$29.7M
Q1 25
$31.8M
$32.3M
Q4 24
$36.2M
$27.5M
Q3 24
$33.6M
$28.6M
Q2 24
$27.2M
$34.4M
Q1 24
$28.9M
$34.0M
Net Profit
AREN
AREN
CMCT
CMCT
Q4 25
$5.3M
$-11.4M
Q3 25
$6.9M
$-12.5M
Q2 25
$108.6M
$-9.0M
Q1 25
$4.0M
$-6.1M
Q4 24
$6.9M
$-10.3M
Q3 24
$4.0M
$-10.4M
Q2 24
$-8.2M
$-796.0K
Q1 24
$-103.4M
$-3.7M
Gross Margin
AREN
AREN
CMCT
CMCT
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
CMCT
CMCT
Q4 25
26.6%
-125.6%
Q3 25
31.9%
-47.7%
Q2 25
36.5%
-30.3%
Q1 25
23.1%
-19.0%
Q4 24
28.6%
-128.8%
Q3 24
24.0%
-36.9%
Q2 24
-9.5%
-1.6%
Q1 24
-27.5%
-10.7%
Net Margin
AREN
AREN
CMCT
CMCT
Q4 25
18.9%
-125.8%
Q3 25
23.1%
-47.5%
Q2 25
241.4%
-30.3%
Q1 25
12.6%
-18.9%
Q4 24
19.0%
-129.8%
Q3 24
11.8%
-36.3%
Q2 24
-30.1%
-2.3%
Q1 24
-357.1%
-11.0%
EPS (diluted)
AREN
AREN
CMCT
CMCT
Q4 25
$0.12
$-3.89
Q3 25
$0.14
$-23.52
Q2 25
$2.28
$-18.94
Q1 25
$0.08
$-20.73
Q4 24
$1.23
$97.71
Q3 24
$0.11
$-305.04
Q2 24
$-0.28
$-98.64
Q1 24
$-3.91
$-125.46

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
CMCT
CMCT
Cash + ST InvestmentsLiquidity on hand
$10.3M
$15.4M
Total DebtLower is stronger
$97.6M
$509.8M
Stockholders' EquityBook value
$-4.8M
$265.4M
Total Assets
$112.6M
$859.2M
Debt / EquityLower = less leverage
1.92×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
CMCT
CMCT
Q4 25
$10.3M
$15.4M
Q3 25
$12.5M
$17.3M
Q2 25
$6.8M
$27.8M
Q1 25
$2.9M
$19.8M
Q4 24
$4.4M
$20.3M
Q3 24
$5.8M
$18.5M
Q2 24
$6.1M
$29.3M
Q1 24
$4.0M
$21.3M
Total Debt
AREN
AREN
CMCT
CMCT
Q4 25
$97.6M
$509.8M
Q3 25
$110.5M
$527.8M
Q2 25
$110.5M
$535.6M
Q1 25
$110.5M
$512.7M
Q4 24
$110.4M
$505.7M
Q3 24
$102.4M
$478.3M
Q2 24
$102.4M
$485.1M
Q1 24
$102.3M
$472.8M
Stockholders' Equity
AREN
AREN
CMCT
CMCT
Q4 25
$-4.8M
$265.4M
Q3 25
$-10.4M
$281.9M
Q2 25
$-17.3M
$287.1M
Q1 25
$-126.1M
$293.0M
Q4 24
$-130.3M
$304.5M
Q3 24
$-137.5M
$321.0M
Q2 24
$-157.2M
$351.1M
Q1 24
$-149.6M
$369.9M
Total Assets
AREN
AREN
CMCT
CMCT
Q4 25
$112.6M
$859.2M
Q3 25
$121.4M
$871.8M
Q2 25
$127.8M
$885.0M
Q1 25
$114.6M
$882.3M
Q4 24
$116.4M
$889.6M
Q3 24
$114.2M
$868.0M
Q2 24
$113.4M
$891.2M
Q1 24
$120.3M
$887.5M
Debt / Equity
AREN
AREN
CMCT
CMCT
Q4 25
1.92×
Q3 25
1.87×
Q2 25
1.87×
Q1 25
1.75×
Q4 24
1.66×
Q3 24
1.49×
Q2 24
1.38×
Q1 24
1.28×

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
CMCT
CMCT
Operating Cash FlowLast quarter
$13.1M
$5.8M
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
AREN
AREN
CMCT
CMCT
Q4 25
$13.1M
$5.8M
Q3 25
$12.2M
$3.7M
Q2 25
$10.3M
$-2.5M
Q1 25
$3.7M
$1.2M
Q4 24
$-8.6M
$17.0M
Q3 24
$-2.3M
$10.3M
Q2 24
$-3.2M
$3.9M
Q1 24
$-2.0M
$1.6M
Free Cash Flow
AREN
AREN
CMCT
CMCT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
AREN
AREN
CMCT
CMCT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
AREN
AREN
CMCT
CMCT
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
AREN
AREN
CMCT
CMCT
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.

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