vs
Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and i-80 Gold Corp. (IAUX). 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 $21.3M, roughly 1.3× i-80 Gold Corp.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -401.9%, a 420.8% 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.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
AREN vs IAUX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $21.3M |
| Net Profit | $5.3M | $-85.6M |
| Gross Margin | 43.6% | 22.0% |
| Operating Margin | 26.6% | -291.6% |
| Net Margin | 18.9% | -401.9% |
| Revenue YoY | -22.0% | — |
| Net Profit YoY | -22.5% | — |
| EPS (diluted) | $0.12 | $-0.10 |
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 | $21.3M | ||
| Q3 25 | $29.8M | $32.0M | ||
| Q2 25 | $45.0M | $27.8M | ||
| Q1 25 | $31.8M | $14.0M | ||
| Q4 24 | $36.2M | — | ||
| Q3 24 | $33.6M | $11.5M | ||
| Q2 24 | $27.2M | $7.2M | ||
| Q1 24 | $28.9M | — |
| Q4 25 | $5.3M | $-85.6M | ||
| Q3 25 | $6.9M | $-41.9M | ||
| Q2 25 | $108.6M | $-30.2M | ||
| Q1 25 | $4.0M | $-41.2M | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $4.0M | $-43.1M | ||
| Q2 24 | $-8.2M | $-41.0M | ||
| Q1 24 | $-103.4M | — |
| Q4 25 | 43.6% | 22.0% | ||
| Q3 25 | 50.2% | 9.7% | ||
| Q2 25 | 56.5% | 2.9% | ||
| Q1 25 | 49.3% | 20.7% | ||
| Q4 24 | 52.6% | — | ||
| Q3 24 | 50.6% | -42.7% | ||
| Q2 24 | 39.4% | -171.4% | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 26.6% | -291.6% | ||
| Q3 25 | 31.9% | -86.7% | ||
| Q2 25 | 36.5% | -67.4% | ||
| Q1 25 | 23.1% | -112.3% | ||
| Q4 24 | 28.6% | — | ||
| Q3 24 | 24.0% | -210.0% | ||
| Q2 24 | -9.5% | -435.2% | ||
| Q1 24 | -27.5% | — |
| Q4 25 | 18.9% | -401.9% | ||
| Q3 25 | 23.1% | -130.8% | ||
| Q2 25 | 241.4% | -108.5% | ||
| Q1 25 | 12.6% | -293.3% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 11.8% | -374.5% | ||
| Q2 24 | -30.1% | -570.8% | ||
| Q1 24 | -357.1% | — |
| Q4 25 | $0.12 | $-0.10 | ||
| Q3 25 | $0.14 | $-0.05 | ||
| Q2 25 | $2.28 | $-0.05 | ||
| Q1 25 | $0.08 | $-0.10 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.11 | $-0.11 | ||
| Q2 24 | $-0.28 | $-0.11 | ||
| Q1 24 | $-3.91 | — |
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 | $63.2M |
| Total DebtLower is stronger | $97.6M | $174.7M |
| Stockholders' EquityBook value | $-4.8M | $346.8M |
| Total Assets | $112.6M | $703.4M |
| Debt / EquityLower = less leverage | — | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $63.2M | ||
| Q3 25 | $12.5M | $102.9M | ||
| Q2 25 | $6.8M | $133.7M | ||
| Q1 25 | $2.9M | $13.5M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $5.8M | $21.8M | ||
| Q2 24 | $6.1M | $47.8M | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $97.6M | $174.7M | ||
| Q3 25 | $110.5M | $175.9M | ||
| Q2 25 | $110.5M | $175.8M | ||
| Q1 25 | $110.5M | $197.5M | ||
| Q4 24 | $110.4M | — | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $102.4M | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | $346.8M | ||
| Q3 25 | $-10.4M | $423.0M | ||
| Q2 25 | $-17.3M | $463.5M | ||
| Q1 25 | $-126.1M | $318.0M | ||
| Q4 24 | $-130.3M | — | ||
| Q3 24 | $-137.5M | $346.9M | ||
| Q2 24 | $-157.2M | $377.2M | ||
| Q1 24 | $-149.6M | — |
| Q4 25 | $112.6M | $703.4M | ||
| Q3 25 | $121.4M | $756.2M | ||
| Q2 25 | $127.8M | $782.9M | ||
| Q1 25 | $114.6M | $659.0M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $114.2M | — | ||
| Q2 24 | $113.4M | — | ||
| Q1 24 | $120.3M | — |
| Q4 25 | — | 0.50× | ||
| Q3 25 | — | 0.42× | ||
| Q2 25 | — | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $13.1M | $-34.3M |
| Free Cash FlowOCF − Capex | — | $-39.2M |
| FCF MarginFCF / Revenue | — | -184.3% |
| Capex IntensityCapex / Revenue | — | 23.1% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-34.3M | ||
| Q3 25 | $12.2M | $-15.2M | ||
| Q2 25 | $10.3M | $-11.3M | ||
| Q1 25 | $3.7M | $-22.7M | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-2.3M | $-23.5M | ||
| Q2 24 | $-3.2M | $-24.6M | ||
| Q1 24 | $-2.0M | — |
| Q4 25 | — | $-39.2M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $-23.1M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.4M | $-23.8M | ||
| Q2 24 | — | $-25.1M | ||
| Q1 24 | — | — |
| Q4 25 | — | -184.3% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | — | -44.7% | ||
| Q1 25 | — | -164.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | -7.1% | -206.7% | ||
| Q2 24 | — | -349.1% | ||
| Q1 24 | — | — |
| Q4 25 | — | 23.1% | ||
| Q3 25 | 0.0% | 10.2% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.1% | 2.5% | ||
| Q2 24 | — | 7.3% | ||
| Q1 24 | — | — |
| 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.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
