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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Rumble Inc. (RUM). 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 $27.1M, roughly 1.0× Rumble Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -120.8%, a 139.7% gap on every dollar of revenue. On growth, Rumble Inc. posted the faster year-over-year revenue change (-10.5% vs -22.0%). Over the past eight quarters, Rumble Inc.'s revenue compounded faster (15.2% 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.
Rumble is a Canadian-American online video platform, web hosting, and cloud services business headquartered in Toronto, Canada, with its U.S. headquarters in Longboat Key, Florida. It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. Rumble's cloud services business hosts Truth Social, and the video platform is popular among American conservative and far-right users. Rumble has been described as "alt-tech".
AREN vs RUM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $27.1M |
| Net Profit | $5.3M | $-32.7M |
| Gross Margin | 43.6% | 5.5% |
| Operating Margin | 26.6% | -131.1% |
| Net Margin | 18.9% | -120.8% |
| Revenue YoY | -22.0% | -10.5% |
| Net Profit YoY | -22.5% | 86.2% |
| EPS (diluted) | $0.12 | $-0.13 |
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 | $27.1M | ||
| Q3 25 | $29.8M | $24.8M | ||
| Q2 25 | $45.0M | — | ||
| Q1 25 | $31.8M | $23.7M | ||
| Q4 24 | $36.2M | $30.2M | ||
| Q3 24 | $33.6M | $25.1M | ||
| Q2 24 | $27.2M | $22.5M | ||
| Q1 24 | $28.9M | $17.7M |
| Q4 25 | $5.3M | $-32.7M | ||
| Q3 25 | $6.9M | $-16.3M | ||
| Q2 25 | $108.6M | — | ||
| Q1 25 | $4.0M | $-2.7M | ||
| Q4 24 | $6.9M | $-236.8M | ||
| Q3 24 | $4.0M | $-31.5M | ||
| Q2 24 | $-8.2M | $-26.8M | ||
| Q1 24 | $-103.4M | $-43.3M |
| Q4 25 | 43.6% | 5.5% | ||
| Q3 25 | 50.2% | -1.8% | ||
| Q2 25 | 56.5% | — | ||
| Q1 25 | 49.3% | -26.7% | ||
| Q4 24 | 52.6% | -14.2% | ||
| Q3 24 | 50.6% | -45.4% | ||
| Q2 24 | 39.4% | -58.8% | ||
| Q1 24 | 30.9% | -79.5% |
| Q4 25 | 26.6% | -131.1% | ||
| Q3 25 | 31.9% | -113.6% | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 23.1% | -153.5% | ||
| Q4 24 | 28.6% | -80.1% | ||
| Q3 24 | 24.0% | -131.0% | ||
| Q2 24 | -9.5% | -172.7% | ||
| Q1 24 | -27.5% | -197.4% |
| Q4 25 | 18.9% | -120.8% | ||
| Q3 25 | 23.1% | -65.7% | ||
| Q2 25 | 241.4% | — | ||
| Q1 25 | 12.6% | -11.2% | ||
| Q4 24 | 19.0% | -783.2% | ||
| Q3 24 | 11.8% | -125.9% | ||
| Q2 24 | -30.1% | -119.2% | ||
| Q1 24 | -357.1% | -244.1% |
| Q4 25 | $0.12 | $-0.13 | ||
| Q3 25 | $0.14 | $-0.06 | ||
| Q2 25 | $2.28 | — | ||
| Q1 25 | $0.08 | $-0.01 | ||
| Q4 24 | $1.23 | $-1.17 | ||
| Q3 24 | $0.11 | $-0.15 | ||
| Q2 24 | $-0.28 | $-0.13 | ||
| Q1 24 | $-3.91 | $-0.21 |
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 | $237.9M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $274.8M |
| Total Assets | $112.6M | $336.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $237.9M | ||
| Q3 25 | $12.5M | $269.8M | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $2.9M | $301.3M | ||
| Q4 24 | $4.4M | $114.0M | ||
| Q3 24 | $5.8M | $132.0M | ||
| Q2 24 | $6.1M | $154.2M | ||
| Q1 24 | $4.0M | $183.8M |
| 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 | $274.8M | ||
| Q3 25 | $-10.4M | $302.2M | ||
| Q2 25 | $-17.3M | — | ||
| Q1 25 | $-126.1M | $339.6M | ||
| Q4 24 | $-130.3M | $-63.1M | ||
| Q3 24 | $-137.5M | $166.1M | ||
| Q2 24 | $-157.2M | $192.7M | ||
| Q1 24 | $-149.6M | $210.7M |
| Q4 25 | $112.6M | $336.8M | ||
| Q3 25 | $121.4M | $367.2M | ||
| Q2 25 | $127.8M | — | ||
| Q1 25 | $114.6M | $391.1M | ||
| Q4 24 | $116.4M | $195.3M | ||
| Q3 24 | $114.2M | $217.2M | ||
| Q2 24 | $113.4M | $243.2M | ||
| Q1 24 | $120.3M | $263.0M |
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 | $-29.4M |
| Free Cash FlowOCF − Capex | — | $-31.7M |
| FCF MarginFCF / Revenue | — | -117.2% |
| Capex IntensityCapex / Revenue | — | 8.5% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-70.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-29.4M | ||
| Q3 25 | $12.2M | $-10.6M | ||
| Q2 25 | $10.3M | — | ||
| Q1 25 | $3.7M | $-14.5M | ||
| Q4 24 | $-8.6M | $-12.4M | ||
| Q3 24 | $-2.3M | $-19.1M | ||
| Q2 24 | $-3.2M | $-21.7M | ||
| Q1 24 | $-2.0M | $-33.9M |
| Q4 25 | — | $-31.7M | ||
| Q3 25 | — | $-12.0M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-14.6M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | $-2.4M | $-19.9M | ||
| Q2 24 | — | $-23.1M | ||
| Q1 24 | — | $-34.3M |
| Q4 25 | — | -117.2% | ||
| Q3 25 | — | -48.6% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -61.7% | ||
| Q4 24 | — | -40.9% | ||
| Q3 24 | -7.1% | -79.5% | ||
| Q2 24 | — | -102.8% | ||
| Q1 24 | — | -193.3% |
| Q4 25 | — | 8.5% | ||
| Q3 25 | 0.0% | 5.7% | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | — | 0.1% | ||
| Q3 24 | 0.1% | 3.4% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 2.4% |
| 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.
Revenue Breakdown by Segment
AREN
Segment breakdown not available.
RUM
| Audience Monetization | $23.8M | 88% |
| Other Initiatives | $3.3M | 12% |
