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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.
Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $28.2M, roughly 1.7× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -2.1%, a 21.0% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -22.0%).
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.
Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.
AREN vs QIPT — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $49.0M |
| Net Profit | $5.3M | $-1.1M |
| Gross Margin | 43.6% | 53.5% |
| Operating Margin | 26.6% | 2.1% |
| Net Margin | 18.9% | -2.1% |
| Revenue YoY | -22.0% | 32.3% |
| Net Profit YoY | -22.5% | 2.9% |
| EPS (diluted) | $0.12 | $-0.02 |
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 | $49.0M | ||
| Q3 25 | $29.8M | $39.8M | ||
| Q2 25 | $45.0M | $35.1M | ||
| Q1 25 | $31.8M | $33.3M | ||
| Q4 24 | $36.2M | $37.1M | ||
| Q3 24 | $33.6M | — | ||
| Q2 24 | $27.2M | — | ||
| Q1 24 | $28.9M | — |
| Q4 25 | $5.3M | $-1.1M | ||
| Q3 25 | $6.9M | $-3.5M | ||
| Q2 25 | $108.6M | $-3.0M | ||
| Q1 25 | $4.0M | $-3.0M | ||
| Q4 24 | $6.9M | $-1.1M | ||
| Q3 24 | $4.0M | — | ||
| Q2 24 | $-8.2M | — | ||
| Q1 24 | $-103.4M | — |
| Q4 25 | 43.6% | 53.5% | ||
| Q3 25 | 50.2% | 48.7% | ||
| Q2 25 | 56.5% | 57.6% | ||
| Q1 25 | 49.3% | 54.6% | ||
| Q4 24 | 52.6% | 52.1% | ||
| Q3 24 | 50.6% | — | ||
| Q2 24 | 39.4% | — | ||
| Q1 24 | 30.9% | — |
| Q4 25 | 26.6% | 2.1% | ||
| Q3 25 | 31.9% | -3.6% | ||
| Q2 25 | 36.5% | -5.2% | ||
| Q1 25 | 23.1% | -3.0% | ||
| Q4 24 | 28.6% | 1.2% | ||
| Q3 24 | 24.0% | — | ||
| Q2 24 | -9.5% | — | ||
| Q1 24 | -27.5% | — |
| Q4 25 | 18.9% | -2.1% | ||
| Q3 25 | 23.1% | -8.9% | ||
| Q2 25 | 241.4% | -8.6% | ||
| Q1 25 | 12.6% | -9.1% | ||
| Q4 24 | 19.0% | -2.9% | ||
| Q3 24 | 11.8% | — | ||
| Q2 24 | -30.1% | — | ||
| Q1 24 | -357.1% | — |
| Q4 25 | $0.12 | $-0.02 | ||
| Q3 25 | $0.14 | $-0.07 | ||
| Q2 25 | $2.28 | $-0.07 | ||
| Q1 25 | $0.08 | $-0.07 | ||
| Q4 24 | $1.23 | $-0.03 | ||
| Q3 24 | $0.11 | — | ||
| Q2 24 | $-0.28 | — | ||
| Q1 24 | $-3.91 | — |
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 | $10.5M |
| Total DebtLower is stronger | $97.6M | $84.0M |
| Stockholders' EquityBook value | $-4.8M | $113.0M |
| Total Assets | $112.6M | $280.7M |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $10.5M | ||
| Q3 25 | $12.5M | $12.9M | ||
| Q2 25 | $6.8M | $11.3M | ||
| Q1 25 | $2.9M | $17.1M | ||
| Q4 24 | $4.4M | $15.5M | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | $6.1M | — | ||
| Q1 24 | $4.0M | — |
| Q4 25 | $97.6M | $84.0M | ||
| Q3 25 | $110.5M | $87.6M | ||
| Q2 25 | $110.5M | $66.0M | ||
| Q1 25 | $110.5M | $71.5M | ||
| Q4 24 | $110.4M | $70.6M | ||
| Q3 24 | $102.4M | — | ||
| Q2 24 | $102.4M | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | $113.0M | ||
| Q3 25 | $-10.4M | $112.1M | ||
| Q2 25 | $-17.3M | $102.5M | ||
| Q1 25 | $-126.1M | $103.6M | ||
| Q4 24 | $-130.3M | $106.3M | ||
| Q3 24 | $-137.5M | — | ||
| Q2 24 | $-157.2M | — | ||
| Q1 24 | $-149.6M | — |
| Q4 25 | $112.6M | $280.7M | ||
| Q3 25 | $121.4M | $283.3M | ||
| Q2 25 | $127.8M | $236.1M | ||
| Q1 25 | $114.6M | $244.6M | ||
| Q4 24 | $116.4M | $242.8M | ||
| Q3 24 | $114.2M | — | ||
| Q2 24 | $113.4M | — | ||
| Q1 24 | $120.3M | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.78× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.66× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $8.9M |
| Free Cash FlowOCF − Capex | — | $6.9M |
| FCF MarginFCF / Revenue | — | 14.0% |
| Capex IntensityCapex / Revenue | — | 4.2% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $26.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $8.9M | ||
| Q3 25 | $12.2M | $9.8M | ||
| Q2 25 | $10.3M | $9.7M | ||
| Q1 25 | $3.7M | $8.9M | ||
| Q4 24 | $-8.6M | $9.3M | ||
| Q3 24 | $-2.3M | — | ||
| Q2 24 | $-3.2M | — | ||
| Q1 24 | $-2.0M | — |
| Q4 25 | — | $6.9M | ||
| Q3 25 | — | $8.0M | ||
| Q2 25 | — | $4.4M | ||
| Q1 25 | — | $7.3M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | $-2.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 14.0% | ||
| Q3 25 | — | 20.0% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 15.2% | ||
| Q3 24 | -7.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 4.2% | ||
| Q3 25 | 0.0% | 4.6% | ||
| Q2 25 | — | 14.9% | ||
| Q1 25 | — | 4.8% | ||
| Q4 24 | — | 9.9% | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | — | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
