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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Maison Solutions Inc. (MSS). 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 $27.6M, roughly 1.0× Maison Solutions Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -18.0%, a 36.9% gap on every dollar of revenue. On growth, Maison Solutions Inc. posted the faster year-over-year revenue change (-10.9% vs -22.0%). Over the past eight quarters, Maison Solutions Inc.'s revenue compounded faster (42.5% 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.
Maison Solutions Inc.MSSEarnings & Financial Report
Maison Solutions Inc. is a specialty home goods retail company that provides a diverse portfolio of stylish, affordably priced furniture, home decor items, and daily household products. Its primary market is the Guangdong-Hong Kong-Macao Greater Bay Area in China, serving mass consumers through both offline physical stores and online e-commerce channels.
AREN vs MSS — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $27.6M |
| Net Profit | $5.3M | $-5.0M |
| Gross Margin | 43.6% | 23.4% |
| Operating Margin | 26.6% | -4.9% |
| Net Margin | 18.9% | -18.0% |
| Revenue YoY | -22.0% | -10.9% |
| Net Profit YoY | -22.5% | -1840.5% |
| EPS (diluted) | $0.12 | $-0.23 |
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 | $27.6M | ||
| Q3 25 | $29.8M | $27.2M | ||
| Q2 25 | $45.0M | $34.4M | ||
| Q1 25 | $31.8M | $32.3M | ||
| Q4 24 | $36.2M | $29.4M | ||
| Q3 24 | $33.6M | $28.2M | ||
| Q2 24 | $27.2M | $16.9M | ||
| Q1 24 | $28.9M | $13.6M |
| Q4 25 | $5.3M | $-5.0M | ||
| Q3 25 | $6.9M | $-1.5M | ||
| Q2 25 | $108.6M | $-287.4K | ||
| Q1 25 | $4.0M | $1.0M | ||
| Q4 24 | $6.9M | $-256.0K | ||
| Q3 24 | $4.0M | $700.9K | ||
| Q2 24 | $-8.2M | $-2.8M | ||
| Q1 24 | $-103.4M | $-549.0K |
| Q4 25 | 43.6% | 23.4% | ||
| Q3 25 | 50.2% | 24.1% | ||
| Q2 25 | 56.5% | 9.5% | ||
| Q1 25 | 49.3% | 21.8% | ||
| Q4 24 | 52.6% | 26.9% | ||
| Q3 24 | 50.6% | 28.9% | ||
| Q2 24 | 39.4% | 13.0% | ||
| Q1 24 | 30.9% | 23.4% |
| Q4 25 | 26.6% | -4.9% | ||
| Q3 25 | 31.9% | 0.7% | ||
| Q2 25 | 36.5% | -15.9% | ||
| Q1 25 | 23.1% | 3.7% | ||
| Q4 24 | 28.6% | 3.2% | ||
| Q3 24 | 24.0% | 7.3% | ||
| Q2 24 | -9.5% | -14.4% | ||
| Q1 24 | -27.5% | -2.3% |
| Q4 25 | 18.9% | -18.0% | ||
| Q3 25 | 23.1% | -5.7% | ||
| Q2 25 | 241.4% | -0.8% | ||
| Q1 25 | 12.6% | 3.1% | ||
| Q4 24 | 19.0% | -0.9% | ||
| Q3 24 | 11.8% | 2.5% | ||
| Q2 24 | -30.1% | -16.4% | ||
| Q1 24 | -357.1% | -4.0% |
| Q4 25 | $0.12 | $-0.23 | ||
| Q3 25 | $0.14 | $-0.08 | ||
| Q2 25 | $2.28 | $-0.02 | ||
| Q1 25 | $0.08 | $0.06 | ||
| Q4 24 | $1.23 | $-0.01 | ||
| Q3 24 | $0.11 | $0.04 | ||
| Q2 24 | $-0.28 | $-0.16 | ||
| 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 | — |
| Total DebtLower is stronger | $97.6M | $2.6M |
| Stockholders' EquityBook value | $-4.8M | $11.6M |
| Total Assets | $112.6M | $75.4M |
| Debt / EquityLower = less leverage | — | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | — | ||
| Q3 25 | $12.5M | $1.1M | ||
| Q2 25 | $6.8M | $775.4K | ||
| Q1 25 | $2.9M | $445.4K | ||
| Q4 24 | $4.4M | $355.7K | ||
| Q3 24 | $5.8M | $588.9K | ||
| Q2 24 | $6.1M | $2.1M | ||
| Q1 24 | $4.0M | $9.4M |
| Q4 25 | $97.6M | $2.6M | ||
| Q3 25 | $110.5M | $2.6M | ||
| Q2 25 | $110.5M | $2.6M | ||
| Q1 25 | $110.5M | — | ||
| Q4 24 | $110.4M | — | ||
| Q3 24 | $102.4M | $2.5M | ||
| Q2 24 | $102.4M | $2.6M | ||
| Q1 24 | $102.3M | $2.6M |
| Q4 25 | $-4.8M | $11.6M | ||
| Q3 25 | $-10.4M | $10.1M | ||
| Q2 25 | $-17.3M | $11.7M | ||
| Q1 25 | $-126.1M | $12.0M | ||
| Q4 24 | $-130.3M | $10.9M | ||
| Q3 24 | $-137.5M | $11.2M | ||
| Q2 24 | $-157.2M | $10.5M | ||
| Q1 24 | $-149.6M | $13.3M |
| Q4 25 | $112.6M | $75.4M | ||
| Q3 25 | $121.4M | $73.3M | ||
| Q2 25 | $127.8M | $77.4M | ||
| Q1 25 | $114.6M | $82.7M | ||
| Q4 24 | $116.4M | $82.7M | ||
| Q3 24 | $114.2M | $82.1M | ||
| Q2 24 | $113.4M | $82.4M | ||
| Q1 24 | $120.3M | $44.2M |
| Q4 25 | — | 0.22× | ||
| Q3 25 | — | 0.26× | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.23× | ||
| Q2 24 | — | 0.24× | ||
| Q1 24 | — | 0.19× |
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 | $-1.7M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-1.7M | ||
| Q3 25 | $12.2M | $1.1M | ||
| Q2 25 | $10.3M | $-1.6M | ||
| Q1 25 | $3.7M | $1.7M | ||
| Q4 24 | $-8.6M | $1.1M | ||
| Q3 24 | $-2.3M | $3.6M | ||
| Q2 24 | $-3.2M | $-2.6M | ||
| Q1 24 | $-2.0M | $-1.4M |
| 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× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | 1.66× | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | 5.12× | ||
| 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.
MSS
| Perishables | $14.4M | 52% |
| Nonperishables | $13.2M | 48% |
