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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Ponce Financial Group, Inc. (PDLB). Click either name above to swap in a different company.

Ponce Financial Group, Inc. is the larger business by last-quarter revenue ($31.4M vs $28.2M, roughly 1.1× Arena Group Holdings, Inc.). Ponce Financial Group, Inc. runs the higher net margin — 36.3% vs 18.9%, a 17.4% gap on every dollar of revenue. On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs -22.0%). Over the past eight quarters, Ponce Financial Group, Inc.'s revenue compounded faster (23.7% 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.

Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.

AREN vs PDLB — Head-to-Head

Bigger by revenue
PDLB
PDLB
1.1× larger
PDLB
$31.4M
$28.2M
AREN
Growing faster (revenue YoY)
PDLB
PDLB
+59.7% gap
PDLB
37.6%
-22.0%
AREN
Higher net margin
PDLB
PDLB
17.4% more per $
PDLB
36.3%
18.9%
AREN
Faster 2-yr revenue CAGR
PDLB
PDLB
Annualised
PDLB
23.7%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
PDLB
PDLB
Revenue
$28.2M
$31.4M
Net Profit
$5.3M
$10.1M
Gross Margin
43.6%
Operating Margin
26.6%
43.6%
Net Margin
18.9%
36.3%
Revenue YoY
-22.0%
37.6%
Net Profit YoY
-22.5%
245.6%
EPS (diluted)
$0.12
$0.43

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.

Revenue
AREN
AREN
PDLB
PDLB
Q4 25
$28.2M
$31.4M
Q3 25
$29.8M
$26.7M
Q2 25
$45.0M
$26.5M
Q1 25
$31.8M
$24.6M
Q4 24
$36.2M
$22.8M
Q3 24
$33.6M
$20.2M
Q2 24
$27.2M
$20.2M
Q1 24
$28.9M
$20.5M
Net Profit
AREN
AREN
PDLB
PDLB
Q4 25
$5.3M
$10.1M
Q3 25
$6.9M
$6.5M
Q2 25
$108.6M
$6.1M
Q1 25
$4.0M
$6.0M
Q4 24
$6.9M
$2.9M
Q3 24
$4.0M
$2.4M
Q2 24
$-8.2M
$3.2M
Q1 24
$-103.4M
$2.4M
Gross Margin
AREN
AREN
PDLB
PDLB
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%
Operating Margin
AREN
AREN
PDLB
PDLB
Q4 25
26.6%
43.6%
Q3 25
31.9%
32.8%
Q2 25
36.5%
30.2%
Q1 25
23.1%
32.5%
Q4 24
28.6%
19.6%
Q3 24
24.0%
15.2%
Q2 24
-9.5%
21.8%
Q1 24
-27.5%
18.3%
Net Margin
AREN
AREN
PDLB
PDLB
Q4 25
18.9%
36.3%
Q3 25
23.1%
24.3%
Q2 25
241.4%
23.0%
Q1 25
12.6%
24.2%
Q4 24
19.0%
14.1%
Q3 24
11.8%
12.1%
Q2 24
-30.1%
15.8%
Q1 24
-357.1%
11.8%
EPS (diluted)
AREN
AREN
PDLB
PDLB
Q4 25
$0.12
$0.43
Q3 25
$0.14
$0.27
Q2 25
$2.28
$0.25
Q1 25
$0.08
$0.25
Q4 24
$1.23
$0.11
Q3 24
$0.11
$0.10
Q2 24
$-0.28
$0.14
Q1 24
$-3.91
$0.11

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AREN
AREN
PDLB
PDLB
Cash + ST InvestmentsLiquidity on hand
$10.3M
$126.2M
Total DebtLower is stronger
$97.6M
$596.1M
Stockholders' EquityBook value
$-4.8M
$541.5M
Total Assets
$112.6M
$3.2B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
PDLB
PDLB
Q4 25
$10.3M
$126.2M
Q3 25
$12.5M
$146.6M
Q2 25
$6.8M
$126.6M
Q1 25
$2.9M
$129.9M
Q4 24
$4.4M
$139.8M
Q3 24
$5.8M
$155.8M
Q2 24
$6.1M
$103.2M
Q1 24
$4.0M
$134.7M
Total Debt
AREN
AREN
PDLB
PDLB
Q4 25
$97.6M
$596.1M
Q3 25
$110.5M
$521.1M
Q2 25
$110.5M
$536.1M
Q1 25
$110.5M
$521.1M
Q4 24
$110.4M
$596.1M
Q3 24
$102.4M
$580.4M
Q2 24
$102.4M
$680.4M
Q1 24
$102.3M
$680.4M
Stockholders' Equity
AREN
AREN
PDLB
PDLB
Q4 25
$-4.8M
$541.5M
Q3 25
$-10.4M
$529.8M
Q2 25
$-17.3M
$521.1M
Q1 25
$-126.1M
$513.9M
Q4 24
$-130.3M
$505.5M
Q3 24
$-137.5M
$504.6M
Q2 24
$-157.2M
$497.7M
Q1 24
$-149.6M
$493.7M
Total Assets
AREN
AREN
PDLB
PDLB
Q4 25
$112.6M
$3.2B
Q3 25
$121.4M
$3.2B
Q2 25
$127.8M
$3.2B
Q1 25
$114.6M
$3.1B
Q4 24
$116.4M
$3.0B
Q3 24
$114.2M
$3.0B
Q2 24
$113.4M
$2.8B
Q1 24
$120.3M
$2.8B
Debt / Equity
AREN
AREN
PDLB
PDLB
Q4 25
1.10×
Q3 25
0.98×
Q2 25
1.03×
Q1 25
1.01×
Q4 24
1.18×
Q3 24
1.15×
Q2 24
1.37×
Q1 24
1.38×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AREN
AREN
PDLB
PDLB
Operating Cash FlowLast quarter
$13.1M
$55.6M
Free Cash FlowOCF − Capex
$54.6M
FCF MarginFCF / Revenue
173.9%
Capex IntensityCapex / Revenue
3.1%
Cash ConversionOCF / Net Profit
2.46×
5.48×
TTM Free Cash FlowTrailing 4 quarters
$74.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
PDLB
PDLB
Q4 25
$13.1M
$55.6M
Q3 25
$12.2M
$1.4M
Q2 25
$10.3M
$6.2M
Q1 25
$3.7M
$13.1M
Q4 24
$-8.6M
$7.2M
Q3 24
$-2.3M
$-14.6M
Q2 24
$-3.2M
$-2.6M
Q1 24
$-2.0M
$1.5M
Free Cash Flow
AREN
AREN
PDLB
PDLB
Q4 25
$54.6M
Q3 25
$786.0K
Q2 25
$5.9M
Q1 25
$12.9M
Q4 24
$4.5M
Q3 24
$-2.4M
$-15.0M
Q2 24
$-2.6M
Q1 24
$-315.0K
FCF Margin
AREN
AREN
PDLB
PDLB
Q4 25
173.9%
Q3 25
2.9%
Q2 25
22.4%
Q1 25
52.6%
Q4 24
19.7%
Q3 24
-7.1%
-74.1%
Q2 24
-13.0%
Q1 24
-1.5%
Capex Intensity
AREN
AREN
PDLB
PDLB
Q4 25
3.1%
Q3 25
0.0%
2.3%
Q2 25
1.0%
Q1 25
0.6%
Q4 24
11.9%
Q3 24
0.1%
2.0%
Q2 24
0.3%
Q1 24
8.7%
Cash Conversion
AREN
AREN
PDLB
PDLB
Q4 25
2.46×
5.48×
Q3 25
1.77×
0.21×
Q2 25
0.09×
1.01×
Q1 25
0.91×
2.20×
Q4 24
-1.25×
2.46×
Q3 24
-0.59×
-5.99×
Q2 24
-0.80×
Q1 24
0.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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