vs

Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and FrontView REIT, Inc. (FVR). 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 $16.5M, roughly 1.7× FrontView REIT, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -24.9%, a 43.8% gap on every dollar of revenue.

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.

AREN vs FVR — Head-to-Head

Bigger by revenue
AREN
AREN
1.7× larger
AREN
$28.2M
$16.5M
FVR
Higher net margin
AREN
AREN
43.8% more per $
AREN
18.9%
-24.9%
FVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
FVR
FVR
Revenue
$28.2M
$16.5M
Net Profit
$5.3M
$-4.1M
Gross Margin
43.6%
Operating Margin
26.6%
Net Margin
18.9%
-24.9%
Revenue YoY
-22.0%
Net Profit YoY
-22.5%
EPS (diluted)
$0.12
$-0.19

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
FVR
FVR
Q4 25
$28.2M
$16.5M
Q3 25
$29.8M
$16.8M
Q2 25
$45.0M
$17.6M
Q1 25
$31.8M
$16.2M
Q4 24
$36.2M
Q3 24
$33.6M
$14.5M
Q2 24
$27.2M
Q1 24
$28.9M
Net Profit
AREN
AREN
FVR
FVR
Q4 25
$5.3M
$-4.1M
Q3 25
$6.9M
$4.0M
Q2 25
$108.6M
$-2.9M
Q1 25
$4.0M
$-833.0K
Q4 24
$6.9M
Q3 24
$4.0M
$-2.4M
Q2 24
$-8.2M
Q1 24
$-103.4M
Gross Margin
AREN
AREN
FVR
FVR
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
FVR
FVR
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%
Net Margin
AREN
AREN
FVR
FVR
Q4 25
18.9%
-24.9%
Q3 25
23.1%
23.9%
Q2 25
241.4%
-16.5%
Q1 25
12.6%
-5.1%
Q4 24
19.0%
Q3 24
11.8%
-16.7%
Q2 24
-30.1%
Q1 24
-357.1%
EPS (diluted)
AREN
AREN
FVR
FVR
Q4 25
$0.12
$-0.19
Q3 25
$0.14
$0.19
Q2 25
$2.28
$-0.16
Q1 25
$0.08
$-0.06
Q4 24
$1.23
Q3 24
$0.11
Q2 24
$-0.28
Q1 24
$-3.91

Balance Sheet & Financial Strength

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

Metric
AREN
AREN
FVR
FVR
Cash + ST InvestmentsLiquidity on hand
$10.3M
$13.5M
Total DebtLower is stronger
$97.6M
$314.3M
Stockholders' EquityBook value
$-4.8M
$391.2M
Total Assets
$112.6M
$854.4M
Debt / EquityLower = less leverage
0.80×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
FVR
FVR
Q4 25
$10.3M
$13.5M
Q3 25
$12.5M
$19.6M
Q2 25
$6.8M
$8.4M
Q1 25
$2.9M
$3.3M
Q4 24
$4.4M
Q3 24
$5.8M
Q2 24
$6.1M
Q1 24
$4.0M
Total Debt
AREN
AREN
FVR
FVR
Q4 25
$97.6M
$314.3M
Q3 25
$110.5M
$307.1M
Q2 25
$110.5M
$316.9M
Q1 25
$110.5M
$310.2M
Q4 24
$110.4M
Q3 24
$102.4M
Q2 24
$102.4M
Q1 24
$102.3M
Stockholders' Equity
AREN
AREN
FVR
FVR
Q4 25
$-4.8M
$391.2M
Q3 25
$-10.4M
$385.2M
Q2 25
$-17.3M
$369.9M
Q1 25
$-126.1M
$324.7M
Q4 24
$-130.3M
Q3 24
$-137.5M
$1.0K
Q2 24
$-157.2M
Q1 24
$-149.6M
Total Assets
AREN
AREN
FVR
FVR
Q4 25
$112.6M
$854.4M
Q3 25
$121.4M
$846.8M
Q2 25
$127.8M
$856.5M
Q1 25
$114.6M
$860.8M
Q4 24
$116.4M
Q3 24
$114.2M
$1.0K
Q2 24
$113.4M
Q1 24
$120.3M
Debt / Equity
AREN
AREN
FVR
FVR
Q4 25
0.80×
Q3 25
0.80×
Q2 25
0.86×
Q1 25
0.96×
Q4 24
Q3 24
Q2 24
Q1 24

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
FVR
FVR
Operating Cash FlowLast quarter
$13.1M
$42.1M
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
FVR
FVR
Q4 25
$13.1M
$42.1M
Q3 25
$12.2M
$8.3M
Q2 25
$10.3M
$9.3M
Q1 25
$3.7M
$8.1M
Q4 24
$-8.6M
Q3 24
$-2.3M
Q2 24
$-3.2M
Q1 24
$-2.0M
Free Cash Flow
AREN
AREN
FVR
FVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-2.4M
Q2 24
Q1 24
FCF Margin
AREN
AREN
FVR
FVR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-7.1%
Q2 24
Q1 24
Capex Intensity
AREN
AREN
FVR
FVR
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
Q3 24
0.1%
Q2 24
Q1 24
Cash Conversion
AREN
AREN
FVR
FVR
Q4 25
2.46×
Q3 25
1.77×
2.06×
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.

Related Comparisons