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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and IRONWOOD PHARMACEUTICALS INC (IRWD). Click either name above to swap in a different company.
IRONWOOD PHARMACEUTICALS INC is the larger business by last-quarter revenue ($47.7M vs $28.2M, roughly 1.7× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -4.8%, a 23.7% gap on every dollar of revenue. On growth, Arena Group Holdings, Inc. posted the faster year-over-year revenue change (-22.0% vs -47.3%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -20.2%).
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.
Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.
AREN vs IRWD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $47.7M |
| Net Profit | $5.3M | $-2.3M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | 14.3% |
| Net Margin | 18.9% | -4.8% |
| Revenue YoY | -22.0% | -47.3% |
| Net Profit YoY | -22.5% | -200.9% |
| EPS (diluted) | $0.12 | $0.01 |
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 | $47.7M | ||
| Q3 25 | $29.8M | $122.1M | ||
| Q2 25 | $45.0M | $85.2M | ||
| Q1 25 | $31.8M | $41.1M | ||
| Q4 24 | $36.2M | $90.5M | ||
| Q3 24 | $33.6M | $91.6M | ||
| Q2 24 | $27.2M | $94.4M | ||
| Q1 24 | $28.9M | $74.9M |
| Q4 25 | $5.3M | $-2.3M | ||
| Q3 25 | $6.9M | $40.1M | ||
| Q2 25 | $108.6M | $23.6M | ||
| Q1 25 | $4.0M | $-37.4M | ||
| Q4 24 | $6.9M | $2.3M | ||
| Q3 24 | $4.0M | $3.6M | ||
| Q2 24 | $-8.2M | $-860.0K | ||
| Q1 24 | $-103.4M | $-4.2M |
| 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% | 14.3% | ||
| Q3 25 | 31.9% | 61.8% | ||
| Q2 25 | 36.5% | 53.2% | ||
| Q1 25 | 23.1% | -70.7% | ||
| Q4 24 | 28.6% | 34.8% | ||
| Q3 24 | 24.0% | 28.0% | ||
| Q2 24 | -9.5% | 26.5% | ||
| Q1 24 | -27.5% | 14.7% |
| Q4 25 | 18.9% | -4.8% | ||
| Q3 25 | 23.1% | 32.8% | ||
| Q2 25 | 241.4% | 27.7% | ||
| Q1 25 | 12.6% | -90.9% | ||
| Q4 24 | 19.0% | 2.5% | ||
| Q3 24 | 11.8% | 4.0% | ||
| Q2 24 | -30.1% | -0.9% | ||
| Q1 24 | -357.1% | -5.6% |
| Q4 25 | $0.12 | $0.01 | ||
| Q3 25 | $0.14 | $0.23 | ||
| Q2 25 | $2.28 | $0.14 | ||
| Q1 25 | $0.08 | $-0.23 | ||
| Q4 24 | $1.23 | $0.03 | ||
| Q3 24 | $0.11 | $0.02 | ||
| Q2 24 | $-0.28 | $-0.01 | ||
| Q1 24 | $-3.91 | $-0.03 |
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 | $215.5M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $-261.8M |
| Total Assets | $112.6M | $396.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $215.5M | ||
| Q3 25 | $12.5M | $140.4M | ||
| Q2 25 | $6.8M | $92.9M | ||
| Q1 25 | $2.9M | $108.5M | ||
| Q4 24 | $4.4M | $88.6M | ||
| Q3 24 | $5.8M | $88.2M | ||
| Q2 24 | $6.1M | $105.5M | ||
| Q1 24 | $4.0M | $121.5M |
| Q4 25 | $97.6M | — | ||
| Q3 25 | $110.5M | $199.5M | ||
| Q2 25 | $110.5M | $199.3M | ||
| Q1 25 | $110.5M | $199.2M | ||
| Q4 24 | $110.4M | $199.0M | ||
| Q3 24 | $102.4M | $198.8M | ||
| Q2 24 | $102.4M | $198.6M | ||
| Q1 24 | $102.3M | $398.3M |
| Q4 25 | $-4.8M | $-261.8M | ||
| Q3 25 | $-10.4M | $-264.2M | ||
| Q2 25 | $-17.3M | $-308.2M | ||
| Q1 25 | $-126.1M | $-334.1M | ||
| Q4 24 | $-130.3M | $-301.3M | ||
| Q3 24 | $-137.5M | $-311.3M | ||
| Q2 24 | $-157.2M | $-321.7M | ||
| Q1 24 | $-149.6M | $-330.5M |
| Q4 25 | $112.6M | $396.9M | ||
| Q3 25 | $121.4M | $396.1M | ||
| Q2 25 | $127.8M | $342.9M | ||
| Q1 25 | $114.6M | $327.2M | ||
| Q4 24 | $116.4M | $350.9M | ||
| Q3 24 | $114.2M | $389.5M | ||
| Q2 24 | $113.4M | $395.6M | ||
| Q1 24 | $120.3M | $438.8M |
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 | $74.6M |
| Free Cash FlowOCF − Capex | — | $74.6M |
| FCF MarginFCF / Revenue | — | 156.3% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $127.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $74.6M | ||
| Q3 25 | $12.2M | $47.6M | ||
| Q2 25 | $10.3M | $-15.1M | ||
| Q1 25 | $3.7M | $20.0M | ||
| Q4 24 | $-8.6M | $15.2M | ||
| Q3 24 | $-2.3M | $9.9M | ||
| Q2 24 | $-3.2M | $33.5M | ||
| Q1 24 | $-2.0M | $45.0M |
| Q4 25 | — | $74.6M | ||
| Q3 25 | — | $47.6M | ||
| Q2 25 | — | $-15.1M | ||
| Q1 25 | — | $19.9M | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.4M | $9.9M | ||
| Q2 24 | — | $33.4M | ||
| Q1 24 | — | $44.9M |
| Q4 25 | — | 156.3% | ||
| Q3 25 | — | 39.0% | ||
| Q2 25 | — | -17.7% | ||
| Q1 25 | — | 48.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | -7.1% | 10.8% | ||
| Q2 24 | — | 35.4% | ||
| Q1 24 | — | 60.0% |
| Q4 25 | — | 0.0% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | 1.19× | ||
| Q2 25 | 0.09× | -0.64× | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | 6.74× | ||
| Q3 24 | -0.59× | 2.71× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
