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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and DYNEX CAPITAL INC (DX). Click either name above to swap in a different company.
DYNEX CAPITAL INC is the larger business by last-quarter revenue ($43.5M vs $28.2M, roughly 1.5× Arena Group Holdings, Inc.). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs -22.0%). Over the past eight quarters, DYNEX CAPITAL INC's revenue compounded faster (75.8% 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.
Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.
AREN vs DX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $43.5M |
| Net Profit | $5.3M | — |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | — |
| Net Margin | 18.9% | — |
| Revenue YoY | -22.0% | 531.3% |
| Net Profit YoY | -22.5% | — |
| EPS (diluted) | $0.12 | $1.59 |
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 | $43.5M | ||
| Q3 25 | $29.8M | $30.6M | ||
| Q2 25 | $45.0M | $23.1M | ||
| Q1 25 | $31.8M | $17.1M | ||
| Q4 24 | $36.2M | — | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $27.2M | — | ||
| Q1 24 | $28.9M | $-3.2M |
| Q4 25 | $5.3M | — | ||
| Q3 25 | $6.9M | $150.4M | ||
| Q2 25 | $108.6M | $-13.6M | ||
| Q1 25 | $4.0M | $-3.1M | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $-8.2M | — | ||
| Q1 24 | $-103.4M | $40.1M |
| 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% | — |
| 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% | — |
| Q4 25 | 18.9% | — | ||
| Q3 25 | 23.1% | 491.3% | ||
| Q2 25 | 241.4% | -58.8% | ||
| Q1 25 | 12.6% | -18.0% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | -30.1% | — | ||
| Q1 24 | -357.1% | -1256.8% |
| Q4 25 | $0.12 | $1.59 | ||
| Q3 25 | $0.14 | $1.08 | ||
| Q2 25 | $2.28 | $-0.14 | ||
| Q1 25 | $0.08 | $-0.06 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 24 | $-3.91 | $0.64 |
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 | $531.0M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $2.5B |
| Total Assets | $112.6M | $17.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $531.0M | ||
| Q3 25 | $12.5M | $491.0M | ||
| Q2 25 | $6.8M | $387.5M | ||
| Q1 25 | $2.9M | $327.4M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | $6.1M | — | ||
| Q1 24 | $4.0M | $295.7M |
| 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 | $2.5B | ||
| Q3 25 | $-10.4M | $2.0B | ||
| Q2 25 | $-17.3M | $1.6B | ||
| Q1 25 | $-126.1M | $1.4B | ||
| Q4 24 | $-130.3M | — | ||
| Q3 24 | $-137.5M | — | ||
| Q2 24 | $-157.2M | — | ||
| Q1 24 | $-149.6M | $958.5M |
| Q4 25 | $112.6M | $17.3B | ||
| Q3 25 | $121.4M | $14.2B | ||
| Q2 25 | $127.8M | $11.3B | ||
| Q1 25 | $114.6M | $9.0B | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $114.2M | — | ||
| Q2 24 | $113.4M | — | ||
| Q1 24 | $120.3M | $6.3B |
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 | $120.8M |
| 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.
| Q4 25 | $13.1M | $120.8M | ||
| Q3 25 | $12.2M | $68.3M | ||
| Q2 25 | $10.3M | $31.9M | ||
| Q1 25 | $3.7M | $6.4M | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-2.3M | — | ||
| Q2 24 | $-3.2M | — | ||
| Q1 24 | $-2.0M | $-17.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -7.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | 0.45× | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -0.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
