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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Owlet, Inc. (OWLT). 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 $26.6M, roughly 1.1× Owlet, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -34.6%, a 53.5% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs -22.0%). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% 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.
Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.
AREN vs OWLT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $26.6M |
| Net Profit | $5.3M | $-9.2M |
| Gross Margin | 43.6% | 47.6% |
| Operating Margin | 26.6% | -18.4% |
| Net Margin | 18.9% | -34.6% |
| Revenue YoY | -22.0% | 29.6% |
| Net Profit YoY | -22.5% | -1.5% |
| EPS (diluted) | $0.12 | — |
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 | $26.6M | ||
| Q3 25 | $29.8M | $32.0M | ||
| Q2 25 | $45.0M | $26.1M | ||
| Q1 25 | $31.8M | $21.1M | ||
| Q4 24 | $36.2M | $20.5M | ||
| Q3 24 | $33.6M | $22.1M | ||
| Q2 24 | $27.2M | $20.7M | ||
| Q1 24 | $28.9M | $14.8M |
| Q4 25 | $5.3M | $-9.2M | ||
| Q3 25 | $6.9M | $4.1M | ||
| Q2 25 | $108.6M | $-37.6M | ||
| Q1 25 | $4.0M | $3.0M | ||
| Q4 24 | $6.9M | $-9.1M | ||
| Q3 24 | $4.0M | $-5.6M | ||
| Q2 24 | $-8.2M | $-1.1M | ||
| Q1 24 | $-103.4M | $3.3M |
| Q4 25 | 43.6% | 47.6% | ||
| Q3 25 | 50.2% | 50.6% | ||
| Q2 25 | 56.5% | 51.3% | ||
| Q1 25 | 49.3% | 53.7% | ||
| Q4 24 | 52.6% | 53.5% | ||
| Q3 24 | 50.6% | 52.2% | ||
| Q2 24 | 39.4% | 49.5% | ||
| Q1 24 | 30.9% | 44.4% |
| Q4 25 | 26.6% | -18.4% | ||
| Q3 25 | 31.9% | 3.8% | ||
| Q2 25 | 36.5% | -7.4% | ||
| Q1 25 | 23.1% | -12.7% | ||
| Q4 24 | 28.6% | -36.2% | ||
| Q3 24 | 24.0% | -21.8% | ||
| Q2 24 | -9.5% | -10.8% | ||
| Q1 24 | -27.5% | -39.0% |
| Q4 25 | 18.9% | -34.6% | ||
| Q3 25 | 23.1% | 12.9% | ||
| Q2 25 | 241.4% | -144.4% | ||
| Q1 25 | 12.6% | 14.3% | ||
| Q4 24 | 19.0% | -44.2% | ||
| Q3 24 | 11.8% | -25.4% | ||
| Q2 24 | -30.1% | -5.5% | ||
| Q1 24 | -357.1% | 22.2% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | $-0.06 | ||
| Q2 25 | $2.28 | $-2.37 | ||
| Q1 25 | $0.08 | $0.11 | ||
| Q4 24 | $1.23 | $-0.15 | ||
| Q3 24 | $0.11 | $-0.61 | ||
| Q2 24 | $-0.28 | $-0.30 | ||
| Q1 24 | $-3.91 | $-0.51 |
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 | $35.5M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $19.0M |
| Total Assets | $112.6M | $85.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $35.5M | ||
| Q3 25 | $12.5M | $23.8M | ||
| Q2 25 | $6.8M | $21.8M | ||
| Q1 25 | $2.9M | $16.3M | ||
| Q4 24 | $4.4M | $20.2M | ||
| Q3 24 | $5.8M | $21.6M | ||
| Q2 24 | $6.1M | $15.4M | ||
| Q1 24 | $4.0M | $18.4M |
| 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 | $2.1M | ||
| Q1 24 | $102.3M | $4.0M |
| Q4 25 | $-4.8M | $19.0M | ||
| Q3 25 | $-10.4M | $-54.1M | ||
| Q2 25 | $-17.3M | $-59.2M | ||
| Q1 25 | $-126.1M | $-25.8M | ||
| Q4 24 | $-130.3M | $-29.8M | ||
| Q3 24 | $-137.5M | $-21.5M | ||
| Q2 24 | $-157.2M | $-33.4M | ||
| Q1 24 | $-149.6M | $-32.9M |
| Q4 25 | $112.6M | $85.6M | ||
| Q3 25 | $121.4M | $74.9M | ||
| Q2 25 | $127.8M | $63.5M | ||
| Q1 25 | $114.6M | $51.4M | ||
| Q4 24 | $116.4M | $49.5M | ||
| Q3 24 | $114.2M | $56.1M | ||
| Q2 24 | $113.4M | $45.9M | ||
| Q1 24 | $120.3M | $43.8M |
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 | $-452.0K |
| Free Cash FlowOCF − Capex | — | $-651.0K |
| FCF MarginFCF / Revenue | — | -2.5% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-11.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-452.0K | ||
| Q3 25 | $12.2M | $-2.2M | ||
| Q2 25 | $10.3M | $-2.2M | ||
| Q1 25 | $3.7M | $-5.9M | ||
| Q4 24 | $-8.6M | $3.0M | ||
| Q3 24 | $-2.3M | $-7.5M | ||
| Q2 24 | $-3.2M | $-3.4M | ||
| Q1 24 | $-2.0M | $-3.4M |
| Q4 25 | — | $-651.0K | ||
| Q3 25 | — | $-2.2M | ||
| Q2 25 | — | $-2.3M | ||
| Q1 25 | — | $-5.9M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | $-2.4M | $-7.5M | ||
| Q2 24 | — | $-3.4M | ||
| Q1 24 | — | — |
| Q4 25 | — | -2.5% | ||
| Q3 25 | — | -6.8% | ||
| Q2 25 | — | -8.8% | ||
| Q1 25 | — | -28.1% | ||
| Q4 24 | — | 14.5% | ||
| Q3 24 | -7.1% | -33.9% | ||
| Q2 24 | — | -16.3% | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | 0.0% | 0.0% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 0.1% | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | -0.52× | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | -1.96× | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
OWLT
| US | $22.7M | 85% |
| Non Us | $3.2M | 12% |
| Other | $651.0K | 2% |
