vs
Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and TPG Mortgage Investment Trust, Inc. (MITT). 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 $20.4M, roughly 1.4× TPG Mortgage Investment Trust, Inc.). TPG Mortgage Investment Trust, Inc. runs the higher net margin — 65.0% vs 18.9%, a 46.1% gap on every dollar of revenue. On growth, TPG Mortgage Investment Trust, Inc. posted the faster year-over-year revenue change (17.7% vs -22.0%). Over the past eight quarters, TPG Mortgage Investment Trust, Inc.'s revenue compounded faster (9.1% 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.
TPG Mortgage Investment Trust, Inc. is a real estate investment trust managed by global alternative asset firm TPG. It primarily invests in residential and commercial mortgage-backed securities, performing and non-performing mortgage loans, and other credit-linked real estate assets, with its core market being the United States. It generates returns via net interest income from holdings and strategic asset disposition gains.
AREN vs MITT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $20.4M |
| Net Profit | $5.3M | $13.3M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | 67.1% |
| Net Margin | 18.9% | 65.0% |
| Revenue YoY | -22.0% | 17.7% |
| Net Profit YoY | -22.5% | -7.0% |
| EPS (diluted) | $0.12 | $0.27 |
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 | $20.4M | ||
| Q3 25 | $29.8M | $19.5M | ||
| Q2 25 | $45.0M | $17.8M | ||
| Q1 25 | $31.8M | $18.8M | ||
| Q4 24 | $36.2M | $17.4M | ||
| Q3 24 | $33.6M | $14.9M | ||
| Q2 24 | $27.2M | $16.4M | ||
| Q1 24 | $28.9M | $17.2M |
| Q4 25 | $5.3M | $13.3M | ||
| Q3 25 | $6.9M | $20.0M | ||
| Q2 25 | $108.6M | $3.9M | ||
| Q1 25 | $4.0M | $11.5M | ||
| Q4 24 | $6.9M | $14.3M | ||
| Q3 24 | $4.0M | $16.6M | ||
| Q2 24 | $-8.2M | $3.9M | ||
| Q1 24 | $-103.4M | $20.9M |
| 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% | 67.1% | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 36.5% | 20.9% | ||
| Q1 25 | 23.1% | 54.6% | ||
| Q4 24 | 28.6% | 76.7% | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | -9.5% | 18.4% | ||
| Q1 24 | -27.5% | — |
| Q4 25 | 18.9% | 65.0% | ||
| Q3 25 | 23.1% | 102.5% | ||
| Q2 25 | 241.4% | 22.2% | ||
| Q1 25 | 12.6% | 60.9% | ||
| Q4 24 | 19.0% | 82.2% | ||
| Q3 24 | 11.8% | 111.3% | ||
| Q2 24 | -30.1% | 24.0% | ||
| Q1 24 | -357.1% | 121.6% |
| Q4 25 | $0.12 | $0.27 | ||
| Q3 25 | $0.14 | $0.47 | ||
| Q2 25 | $2.28 | $-0.05 | ||
| Q1 25 | $0.08 | $0.21 | ||
| Q4 24 | $1.23 | $0.30 | ||
| Q3 24 | $0.11 | $0.40 | ||
| Q2 24 | $-0.28 | $-0.02 | ||
| Q1 24 | $-3.91 | $0.55 |
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 | $57.8M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $560.7M |
| Total Assets | $112.6M | $8.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $57.8M | ||
| Q3 25 | $12.5M | $59.0M | ||
| Q2 25 | $6.8M | $88.7M | ||
| Q1 25 | $2.9M | $115.5M | ||
| Q4 24 | $4.4M | $118.7M | ||
| Q3 24 | $5.8M | $102.5M | ||
| Q2 24 | $6.1M | $120.9M | ||
| Q1 24 | $4.0M | $100.3M |
| 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 | $560.7M | ||
| Q3 25 | $-10.4M | $559.8M | ||
| Q2 25 | $-17.3M | $536.4M | ||
| Q1 25 | $-126.1M | $543.9M | ||
| Q4 24 | $-130.3M | $543.4M | ||
| Q3 24 | $-137.5M | $540.1M | ||
| Q2 24 | $-157.2M | $533.5M | ||
| Q1 24 | $-149.6M | $539.6M |
| Q4 25 | $112.6M | $8.7B | ||
| Q3 25 | $121.4M | $9.0B | ||
| Q2 25 | $127.8M | $7.5B | ||
| Q1 25 | $114.6M | $7.3B | ||
| Q4 24 | $116.4M | $6.9B | ||
| Q3 24 | $114.2M | $7.0B | ||
| Q2 24 | $113.4M | $7.1B | ||
| Q1 24 | $120.3M | $6.4B |
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 | $59.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.46× | 4.48× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $59.6M | ||
| Q3 25 | $12.2M | $17.4M | ||
| Q2 25 | $10.3M | $11.5M | ||
| Q1 25 | $3.7M | $12.0M | ||
| Q4 24 | $-8.6M | $55.8M | ||
| Q3 24 | $-2.3M | $14.5M | ||
| Q2 24 | $-3.2M | $13.7M | ||
| Q1 24 | $-2.0M | $12.0M |
| 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× | 4.48× | ||
| Q3 25 | 1.77× | 0.87× | ||
| Q2 25 | 0.09× | 2.92× | ||
| Q1 25 | 0.91× | 1.05× | ||
| Q4 24 | -1.25× | 3.91× | ||
| Q3 24 | -0.59× | 0.87× | ||
| Q2 24 | — | 3.50× | ||
| Q1 24 | — | 0.57× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
