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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Hyperscale Data, Inc. (GPUS). 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 $26.9M, roughly 1.0× Hyperscale Data, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -112.0%, a 130.9% gap on every dollar of revenue. On growth, Hyperscale Data, Inc. posted the faster year-over-year revenue change (38.4% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -16.3%).
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.
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
AREN vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $26.9M |
| Net Profit | $5.3M | $-30.1M |
| Gross Margin | 43.6% | 14.5% |
| Operating Margin | 26.6% | -117.8% |
| Net Margin | 18.9% | -112.0% |
| Revenue YoY | -22.0% | 38.4% |
| Net Profit YoY | -22.5% | -6670.3% |
| EPS (diluted) | $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 | $26.9M | ||
| Q3 25 | $29.8M | $24.3M | ||
| Q2 25 | $45.0M | $25.9M | ||
| Q1 25 | $31.8M | $25.0M | ||
| Q4 24 | $36.2M | $19.4M | ||
| Q3 24 | $33.6M | $31.1M | ||
| Q2 24 | $27.2M | $17.8M | ||
| Q1 24 | $28.9M | $38.4M |
| Q4 25 | $5.3M | $-30.1M | ||
| Q3 25 | $6.9M | $-13.0M | ||
| Q2 25 | $108.6M | $-19.1M | ||
| Q1 25 | $4.0M | $-4.2M | ||
| Q4 24 | $6.9M | $-445.0K | ||
| Q3 24 | $4.0M | $-25.5M | ||
| Q2 24 | $-8.2M | $-33.9M | ||
| Q1 24 | $-103.4M | $3.7M |
| Q4 25 | 43.6% | 14.5% | ||
| Q3 25 | 50.2% | 25.8% | ||
| Q2 25 | 56.5% | 23.7% | ||
| Q1 25 | 49.3% | 21.1% | ||
| Q4 24 | 52.6% | 6.5% | ||
| Q3 24 | 50.6% | 27.5% | ||
| Q2 24 | 39.4% | -21.3% | ||
| Q1 24 | 30.9% | 47.4% |
| Q4 25 | 26.6% | -117.8% | ||
| Q3 25 | 31.9% | -57.8% | ||
| Q2 25 | 36.5% | -39.2% | ||
| Q1 25 | 23.1% | -25.5% | ||
| Q4 24 | 28.6% | -46.8% | ||
| Q3 24 | 24.0% | -79.2% | ||
| Q2 24 | -9.5% | -151.4% | ||
| Q1 24 | -27.5% | 9.5% |
| Q4 25 | 18.9% | -112.0% | ||
| Q3 25 | 23.1% | -53.5% | ||
| Q2 25 | 241.4% | -73.7% | ||
| Q1 25 | 12.6% | -16.8% | ||
| Q4 24 | 19.0% | -2.3% | ||
| Q3 24 | 11.8% | -82.3% | ||
| Q2 24 | -30.1% | -190.7% | ||
| Q1 24 | -357.1% | 9.7% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | $-0.39 | ||
| Q2 25 | $2.28 | $-2.66 | ||
| Q1 25 | $0.08 | — | ||
| Q4 24 | $1.23 | $-8.78 | ||
| Q3 24 | $0.11 | $-24.82 | ||
| Q2 24 | $-0.28 | $-37.81 | ||
| Q1 24 | $-3.91 | $3.32 |
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 | $13.1M |
| Total DebtLower is stronger | $97.6M | $83.1M |
| Stockholders' EquityBook value | $-4.8M | $119.8M |
| Total Assets | $112.6M | $313.7M |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $13.1M | ||
| Q3 25 | $12.5M | $24.8M | ||
| Q2 25 | $6.8M | $5.9M | ||
| Q1 25 | $2.9M | $4.2M | ||
| Q4 24 | $4.4M | $4.5M | ||
| Q3 24 | $5.8M | $7.9M | ||
| Q2 24 | $6.1M | $9.6M | ||
| Q1 24 | $4.0M | $18.9M |
| Q4 25 | $97.6M | $83.1M | ||
| Q3 25 | $110.5M | $80.0M | ||
| Q2 25 | $110.5M | $88.5M | ||
| Q1 25 | $110.5M | $92.8M | ||
| Q4 24 | $110.4M | $96.7M | ||
| Q3 24 | $102.4M | $104.8M | ||
| Q2 24 | $102.4M | $106.8M | ||
| Q1 24 | $102.3M | $30.0M |
| Q4 25 | $-4.8M | $119.8M | ||
| Q3 25 | $-10.4M | $55.9M | ||
| Q2 25 | $-17.3M | $5.5M | ||
| Q1 25 | $-126.1M | $6.3M | ||
| Q4 24 | $-130.3M | $8.6M | ||
| Q3 24 | $-137.5M | $2.7M | ||
| Q2 24 | $-157.2M | $26.7M | ||
| Q1 24 | $-149.6M | $59.0M |
| Q4 25 | $112.6M | $313.7M | ||
| Q3 25 | $121.4M | $242.4M | ||
| Q2 25 | $127.8M | $213.5M | ||
| Q1 25 | $114.6M | $218.5M | ||
| Q4 24 | $116.4M | $220.8M | ||
| Q3 24 | $114.2M | $231.5M | ||
| Q2 24 | $113.4M | $270.8M | ||
| Q1 24 | $120.3M | $299.8M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 1.43× | ||
| Q2 25 | — | 16.06× | ||
| Q1 25 | — | 14.71× | ||
| Q4 24 | — | 11.19× | ||
| Q3 24 | — | 38.41× | ||
| Q2 24 | — | 4.00× | ||
| Q1 24 | — | 0.51× |
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 | $-37.7M |
| Free Cash FlowOCF − Capex | — | $-56.2M |
| FCF MarginFCF / Revenue | — | -208.7% |
| Capex IntensityCapex / Revenue | — | 68.6% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-37.7M | ||
| Q3 25 | $12.2M | $-17.8M | ||
| Q2 25 | $10.3M | $-3.1M | ||
| Q1 25 | $3.7M | $-4.0M | ||
| Q4 24 | $-8.6M | $-9.2M | ||
| Q3 24 | $-2.3M | $3.7M | ||
| Q2 24 | $-3.2M | $-3.7M | ||
| Q1 24 | $-2.0M | $-10.2M |
| Q4 25 | — | $-56.2M | ||
| Q3 25 | — | $-20.6M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | — | $-9.3M | ||
| Q3 24 | $-2.4M | $2.6M | ||
| Q2 24 | — | $-5.9M | ||
| Q1 24 | — | $-11.6M |
| Q4 25 | — | -208.7% | ||
| Q3 25 | — | -84.5% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -27.3% | ||
| Q4 24 | — | -47.6% | ||
| Q3 24 | -7.1% | 8.4% | ||
| Q2 24 | — | -33.4% | ||
| Q1 24 | — | -30.3% |
| Q4 25 | — | 68.6% | ||
| Q3 25 | 0.0% | 11.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | 0.1% | 3.6% | ||
| Q2 24 | — | 12.6% | ||
| Q1 24 | — | 3.7% |
| 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 | — | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
