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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and FIVE STAR BANCORP (FSBC). Click either name above to swap in a different company.

FIVE STAR BANCORP is the larger business by last-quarter revenue ($45.1M vs $28.2M, roughly 1.6× Arena Group Holdings, Inc.). FIVE STAR BANCORP runs the higher net margin — 41.3% vs 18.9%, a 22.4% gap on every dollar of revenue. Over the past eight quarters, FIVE STAR BANCORP's revenue compounded faster (21.3% 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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

AREN vs FSBC — Head-to-Head

Bigger by revenue
FSBC
FSBC
1.6× larger
FSBC
$45.1M
$28.2M
AREN
Higher net margin
FSBC
FSBC
22.4% more per $
FSBC
41.3%
18.9%
AREN
Faster 2-yr revenue CAGR
FSBC
FSBC
Annualised
FSBC
21.3%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
AREN
AREN
FSBC
FSBC
Revenue
$28.2M
$45.1M
Net Profit
$5.3M
$18.6M
Gross Margin
43.6%
Operating Margin
26.6%
Net Margin
18.9%
41.3%
Revenue YoY
-22.0%
Net Profit YoY
-22.5%
42.0%
EPS (diluted)
$0.12
$0.87

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
FSBC
FSBC
Q1 26
$45.1M
Q4 25
$28.2M
$43.5M
Q3 25
$29.8M
$41.3M
Q2 25
$45.0M
$38.3M
Q1 25
$31.8M
$35.3M
Q4 24
$36.2M
$35.2M
Q3 24
$33.6M
$31.8M
Q2 24
$27.2M
$30.7M
Net Profit
AREN
AREN
FSBC
FSBC
Q1 26
$18.6M
Q4 25
$5.3M
$17.6M
Q3 25
$6.9M
$16.3M
Q2 25
$108.6M
$14.5M
Q1 25
$4.0M
$13.1M
Q4 24
$6.9M
$13.3M
Q3 24
$4.0M
$10.9M
Q2 24
$-8.2M
$10.8M
Gross Margin
AREN
AREN
FSBC
FSBC
Q1 26
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%
Operating Margin
AREN
AREN
FSBC
FSBC
Q1 26
Q4 25
26.6%
52.9%
Q3 25
31.9%
53.8%
Q2 25
36.5%
52.4%
Q1 25
23.1%
52.0%
Q4 24
28.6%
55.1%
Q3 24
24.0%
48.0%
Q2 24
-9.5%
49.4%
Net Margin
AREN
AREN
FSBC
FSBC
Q1 26
41.3%
Q4 25
18.9%
40.6%
Q3 25
23.1%
39.6%
Q2 25
241.4%
37.9%
Q1 25
12.6%
37.1%
Q4 24
19.0%
37.9%
Q3 24
11.8%
34.4%
Q2 24
-30.1%
35.2%
EPS (diluted)
AREN
AREN
FSBC
FSBC
Q1 26
$0.87
Q4 25
$0.12
$0.83
Q3 25
$0.14
$0.77
Q2 25
$2.28
$0.68
Q1 25
$0.08
$0.62
Q4 24
$1.23
$0.61
Q3 24
$0.11
$0.52
Q2 24
$-0.28
$0.51

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
FSBC
FSBC
Cash + ST InvestmentsLiquidity on hand
$10.3M
$644.4M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$458.5M
Total Assets
$112.6M
$5.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
FSBC
FSBC
Q1 26
$644.4M
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
Total Debt
AREN
AREN
FSBC
FSBC
Q1 26
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
Stockholders' Equity
AREN
AREN
FSBC
FSBC
Q1 26
$458.5M
Q4 25
$-4.8M
$445.8M
Q3 25
$-10.4M
$431.3M
Q2 25
$-17.3M
$416.7M
Q1 25
$-126.1M
$406.5M
Q4 24
$-130.3M
$396.6M
Q3 24
$-137.5M
$389.9M
Q2 24
$-157.2M
$380.5M
Total Assets
AREN
AREN
FSBC
FSBC
Q1 26
$5.0B
Q4 25
$112.6M
$4.8B
Q3 25
$121.4M
$4.6B
Q2 25
$127.8M
$4.4B
Q1 25
$114.6M
$4.2B
Q4 24
$116.4M
$4.1B
Q3 24
$114.2M
$3.9B
Q2 24
$113.4M
$3.6B

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
FSBC
FSBC
Operating Cash FlowLast quarter
$13.1M
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
FSBC
FSBC
Q1 26
Q4 25
$13.1M
$72.6M
Q3 25
$12.2M
$18.8M
Q2 25
$10.3M
$17.8M
Q1 25
$3.7M
$15.5M
Q4 24
$-8.6M
$51.8M
Q3 24
$-2.3M
$17.5M
Q2 24
$-3.2M
$16.0M
Free Cash Flow
AREN
AREN
FSBC
FSBC
Q1 26
Q4 25
$71.4M
Q3 25
$18.6M
Q2 25
$17.5M
Q1 25
$15.4M
Q4 24
$51.2M
Q3 24
$-2.4M
$17.3M
Q2 24
$15.8M
FCF Margin
AREN
AREN
FSBC
FSBC
Q1 26
Q4 25
164.3%
Q3 25
45.0%
Q2 25
45.8%
Q1 25
43.5%
Q4 24
145.5%
Q3 24
-7.1%
54.5%
Q2 24
51.6%
Capex Intensity
AREN
AREN
FSBC
FSBC
Q1 26
Q4 25
2.8%
Q3 25
0.0%
0.5%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
1.8%
Q3 24
0.1%
0.7%
Q2 24
0.7%
Cash Conversion
AREN
AREN
FSBC
FSBC
Q1 26
Q4 25
2.46×
4.12×
Q3 25
1.77×
1.15×
Q2 25
0.09×
1.23×
Q1 25
0.91×
1.18×
Q4 24
-1.25×
3.89×
Q3 24
-0.59×
1.60×
Q2 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AREN
AREN

Segment breakdown not available.

FSBC
FSBC

Net Interest Income$43.5M96%
Noninterest Income$1.6M4%

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