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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and KAMADA LTD (KMDA). Click either name above to swap in a different company.
KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $28.2M, roughly 1.7× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs 11.3%, a 7.6% gap on every dollar of revenue. On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs -22.0%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% CAGR vs -1.2%).
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.
Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.
AREN vs KMDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $47.0M |
| Net Profit | $5.3M | $5.3M |
| Gross Margin | 43.6% | 42.0% |
| Operating Margin | 26.6% | 16.6% |
| Net Margin | 18.9% | 11.3% |
| Revenue YoY | -22.0% | 12.6% |
| Net Profit YoY | -22.5% | 37.1% |
| EPS (diluted) | $0.12 | $0.09 |
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 | — | ||
| Q3 25 | $29.8M | $47.0M | ||
| Q2 25 | $45.0M | $44.8M | ||
| Q1 25 | $31.8M | $44.0M | ||
| Q4 24 | $36.2M | — | ||
| Q3 24 | $33.6M | $41.7M | ||
| Q2 24 | $27.2M | $42.5M | ||
| Q1 24 | $28.9M | $37.7M |
| Q4 25 | $5.3M | — | ||
| Q3 25 | $6.9M | $5.3M | ||
| Q2 25 | $108.6M | $7.4M | ||
| Q1 25 | $4.0M | $4.0M | ||
| Q4 24 | $6.9M | — | ||
| Q3 24 | $4.0M | $3.9M | ||
| Q2 24 | $-8.2M | $4.4M | ||
| Q1 24 | $-103.4M | $2.4M |
| Q4 25 | 43.6% | — | ||
| Q3 25 | 50.2% | 42.0% | ||
| Q2 25 | 56.5% | 42.3% | ||
| Q1 25 | 49.3% | 47.1% | ||
| Q4 24 | 52.6% | — | ||
| Q3 24 | 50.6% | 41.3% | ||
| Q2 24 | 39.4% | 44.6% | ||
| Q1 24 | 30.9% | 44.4% |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 31.9% | 16.6% | ||
| Q2 25 | 36.5% | 15.8% | ||
| Q1 25 | 23.1% | 17.7% | ||
| Q4 24 | 28.6% | — | ||
| Q3 24 | 24.0% | 12.7% | ||
| Q2 24 | -9.5% | 13.3% | ||
| Q1 24 | -27.5% | 10.7% |
| Q4 25 | 18.9% | — | ||
| Q3 25 | 23.1% | 11.3% | ||
| Q2 25 | 241.4% | 16.5% | ||
| Q1 25 | 12.6% | 9.0% | ||
| Q4 24 | 19.0% | — | ||
| Q3 24 | 11.8% | 9.3% | ||
| Q2 24 | -30.1% | 10.4% | ||
| Q1 24 | -357.1% | 6.3% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | $0.09 | ||
| Q2 25 | $2.28 | $0.13 | ||
| Q1 25 | $0.08 | $0.07 | ||
| Q4 24 | $1.23 | — | ||
| Q3 24 | $0.11 | $0.07 | ||
| Q2 24 | $-0.28 | $0.08 | ||
| Q1 24 | $-3.91 | $0.04 |
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 | $72.0M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $265.2M |
| Total Assets | $112.6M | $377.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | — | ||
| Q3 25 | $12.5M | $72.0M | ||
| Q2 25 | $6.8M | $66.0M | ||
| Q1 25 | $2.9M | $76.3M | ||
| Q4 24 | $4.4M | — | ||
| Q3 24 | $5.8M | $72.0M | ||
| Q2 24 | $6.1M | $56.5M | ||
| Q1 24 | $4.0M | $48.2M |
| 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 | — | ||
| Q3 25 | $-10.4M | $265.2M | ||
| Q2 25 | $-17.3M | $260.0M | ||
| Q1 25 | $-126.1M | $252.0M | ||
| Q4 24 | $-130.3M | — | ||
| Q3 24 | $-137.5M | $255.3M | ||
| Q2 24 | $-157.2M | $251.2M | ||
| Q1 24 | $-149.6M | $251.2M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $121.4M | $377.2M | ||
| Q2 25 | $127.8M | $368.2M | ||
| Q1 25 | $114.6M | $375.1M | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $114.2M | $351.2M | ||
| Q2 24 | $113.4M | $351.0M | ||
| Q1 24 | $120.3M | $343.2M |
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 | $10.4M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.46× | 1.97× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | — | ||
| Q3 25 | $12.2M | $10.4M | ||
| Q2 25 | $10.3M | $8.0M | ||
| Q1 25 | $3.7M | $-513.0K | ||
| Q4 24 | $-8.6M | — | ||
| Q3 24 | $-2.3M | $22.2M | ||
| Q2 24 | $-3.2M | $14.0M | ||
| Q1 24 | $-2.0M | $1.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-2.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -7.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | 1.97× | ||
| Q2 25 | 0.09× | 1.09× | ||
| Q1 25 | 0.91× | -0.13× | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | 5.75× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | — | 0.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
