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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and JOINT Corp (JYNT). 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 $15.2M, roughly 1.9× JOINT Corp). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs 6.5%, a 12.4% gap on every dollar of revenue. On growth, JOINT Corp posted the faster year-over-year revenue change (3.1% vs -22.0%). Over the past eight quarters, Arena Group Holdings, Inc.'s revenue compounded faster (-1.2% CAGR vs -28.6%).
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.
The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.
AREN vs JYNT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $15.2M |
| Net Profit | $5.3M | $991.1K |
| Gross Margin | 43.6% | 81.4% |
| Operating Margin | 26.6% | 4.9% |
| Net Margin | 18.9% | 6.5% |
| Revenue YoY | -22.0% | 3.1% |
| Net Profit YoY | -22.5% | 5510.5% |
| EPS (diluted) | $0.12 | $0.06 |
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 | $15.2M | ||
| Q3 25 | $29.8M | $13.4M | ||
| Q2 25 | $45.0M | $13.3M | ||
| Q1 25 | $31.8M | $13.1M | ||
| Q4 24 | $36.2M | $14.7M | ||
| Q3 24 | $33.6M | $30.2M | ||
| Q2 24 | $27.2M | $30.3M | ||
| Q1 24 | $28.9M | $29.7M |
| Q4 25 | $5.3M | $991.1K | ||
| Q3 25 | $6.9M | $855.0K | ||
| Q2 25 | $108.6M | $93.4K | ||
| Q1 25 | $4.0M | $967.8K | ||
| Q4 24 | $6.9M | $17.7K | ||
| Q3 24 | $4.0M | $-3.2M | ||
| Q2 24 | $-8.2M | $-3.6M | ||
| Q1 24 | $-103.4M | $947.0K |
| Q4 25 | 43.6% | 81.4% | ||
| Q3 25 | 50.2% | 80.1% | ||
| Q2 25 | 56.5% | 79.1% | ||
| Q1 25 | 49.3% | 77.3% | ||
| Q4 24 | 52.6% | 78.4% | ||
| Q3 24 | 50.6% | 90.7% | ||
| Q2 24 | 39.4% | 90.7% | ||
| Q1 24 | 30.9% | 90.9% |
| Q4 25 | 26.6% | 4.9% | ||
| Q3 25 | 31.9% | 1.2% | ||
| Q2 25 | 36.5% | -8.6% | ||
| Q1 25 | 23.1% | -5.2% | ||
| Q4 24 | 28.6% | 5.5% | ||
| Q3 24 | 24.0% | -1.6% | ||
| Q2 24 | -9.5% | -5.9% | ||
| Q1 24 | -27.5% | -1.4% |
| Q4 25 | 18.9% | 6.5% | ||
| Q3 25 | 23.1% | 6.4% | ||
| Q2 25 | 241.4% | 0.7% | ||
| Q1 25 | 12.6% | 7.4% | ||
| Q4 24 | 19.0% | 0.1% | ||
| Q3 24 | 11.8% | -10.5% | ||
| Q2 24 | -30.1% | -11.9% | ||
| Q1 24 | -357.1% | 3.2% |
| Q4 25 | $0.12 | $0.06 | ||
| Q3 25 | $0.14 | $0.06 | ||
| Q2 25 | $2.28 | $0.01 | ||
| Q1 25 | $0.08 | $0.06 | ||
| Q4 24 | $1.23 | $0.01 | ||
| Q3 24 | $0.11 | $-0.21 | ||
| Q2 24 | $-0.28 | $-0.24 | ||
| Q1 24 | $-3.91 | $0.06 |
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 | $23.6M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $15.1M |
| Total Assets | $112.6M | $61.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $23.6M | ||
| Q3 25 | $12.5M | $29.7M | ||
| Q2 25 | $6.8M | $29.8M | ||
| Q1 25 | $2.9M | $21.9M | ||
| Q4 24 | $4.4M | $25.1M | ||
| Q3 24 | $5.8M | $20.7M | ||
| Q2 24 | $6.1M | $17.5M | ||
| Q1 24 | $4.0M | $18.7M |
| 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 | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | $15.1M | ||
| Q3 25 | $-10.4M | $22.7M | ||
| Q2 25 | $-17.3M | $23.2M | ||
| Q1 25 | $-126.1M | $22.8M | ||
| Q4 24 | $-130.3M | $20.7M | ||
| Q3 24 | $-137.5M | $20.5M | ||
| Q2 24 | $-157.2M | $23.2M | ||
| Q1 24 | $-149.6M | $26.2M |
| Q4 25 | $112.6M | $61.0M | ||
| Q3 25 | $121.4M | $69.4M | ||
| Q2 25 | $127.8M | $73.2M | ||
| Q1 25 | $114.6M | $80.1M | ||
| Q4 24 | $116.4M | $83.2M | ||
| Q3 24 | $114.2M | $79.6M | ||
| Q2 24 | $113.4M | $82.4M | ||
| Q1 24 | $120.3M | $85.7M |
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 | $1.8M |
| Free Cash FlowOCF − Capex | — | $334.7K |
| FCF MarginFCF / Revenue | — | 2.2% |
| Capex IntensityCapex / Revenue | — | 9.9% |
| Cash ConversionOCF / Net Profit | 2.46× | 1.86× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-1.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $1.8M | ||
| Q3 25 | $12.2M | $1.8M | ||
| Q2 25 | $10.3M | $868.6K | ||
| Q1 25 | $3.7M | $-3.7M | ||
| Q4 24 | $-8.6M | $9.4M | ||
| Q3 24 | $-2.3M | $3.4M | ||
| Q2 24 | $-3.2M | $-973.5K | ||
| Q1 24 | $-2.0M | $2.8M |
| Q4 25 | — | $334.7K | ||
| Q3 25 | — | $1.5M | ||
| Q2 25 | — | $363.6K | ||
| Q1 25 | — | $-4.0M | ||
| Q4 24 | — | $8.2M | ||
| Q3 24 | $-2.4M | $3.2M | ||
| Q2 24 | — | $-1.2M | ||
| Q1 24 | — | $2.4M |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 10.9% | ||
| Q2 25 | — | 2.7% | ||
| Q1 25 | — | -30.8% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | -7.1% | 10.6% | ||
| Q2 24 | — | -4.1% | ||
| Q1 24 | — | 8.1% |
| Q4 25 | — | 9.9% | ||
| Q3 25 | 0.0% | 2.4% | ||
| Q2 25 | — | 3.8% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 8.1% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | — | 0.9% | ||
| Q1 24 | — | 1.3% |
| Q4 25 | 2.46× | 1.86× | ||
| Q3 25 | 1.77× | 2.07× | ||
| Q2 25 | 0.09× | 9.30× | ||
| Q1 25 | 0.91× | -3.82× | ||
| Q4 24 | -1.25× | 532.98× | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.97× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
JYNT
| Transferred At Point In Time | $12.8M | 84% |
| Transferred Over Time | $2.4M | 16% |
