vs
Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $28.2M, roughly 1.2× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -28.1%, a 47.0% gap on every dollar of revenue. On growth, RxSight, Inc. posted the faster year-over-year revenue change (-18.9% vs -22.0%). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% 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.
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
AREN vs RXST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $32.6M |
| Net Profit | $5.3M | $-9.2M |
| Gross Margin | 43.6% | 77.5% |
| Operating Margin | 26.6% | -34.8% |
| Net Margin | 18.9% | -28.1% |
| Revenue YoY | -22.0% | -18.9% |
| Net Profit YoY | -22.5% | -54.1% |
| EPS (diluted) | $0.12 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $29.8M | $30.3M | ||
| Q2 25 | $45.0M | $33.6M | ||
| Q1 25 | $31.8M | $37.9M | ||
| Q4 24 | $36.2M | $40.2M | ||
| Q3 24 | $33.6M | $35.3M | ||
| Q2 24 | $27.2M | $34.9M | ||
| Q1 24 | $28.9M | $29.5M |
| Q4 25 | $5.3M | $-9.2M | ||
| Q3 25 | $6.9M | $-9.8M | ||
| Q2 25 | $108.6M | $-11.8M | ||
| Q1 25 | $4.0M | $-8.2M | ||
| Q4 24 | $6.9M | $-5.9M | ||
| Q3 24 | $4.0M | $-6.3M | ||
| Q2 24 | $-8.2M | $-6.1M | ||
| Q1 24 | $-103.4M | $-9.1M |
| Q4 25 | 43.6% | 77.5% | ||
| Q3 25 | 50.2% | 79.9% | ||
| Q2 25 | 56.5% | 74.9% | ||
| Q1 25 | 49.3% | 74.8% | ||
| Q4 24 | 52.6% | 71.6% | ||
| Q3 24 | 50.6% | 71.4% | ||
| Q2 24 | 39.4% | 69.5% | ||
| Q1 24 | 30.9% | 70.1% |
| Q4 25 | 26.6% | -34.8% | ||
| Q3 25 | 31.9% | -40.1% | ||
| Q2 25 | 36.5% | -41.6% | ||
| Q1 25 | 23.1% | -28.2% | ||
| Q4 24 | 28.6% | -21.5% | ||
| Q3 24 | 24.0% | -26.1% | ||
| Q2 24 | -9.5% | -23.9% | ||
| Q1 24 | -27.5% | -36.2% |
| Q4 25 | 18.9% | -28.1% | ||
| Q3 25 | 23.1% | -32.4% | ||
| Q2 25 | 241.4% | -35.0% | ||
| Q1 25 | 12.6% | -21.6% | ||
| Q4 24 | 19.0% | -14.8% | ||
| Q3 24 | 11.8% | -17.9% | ||
| Q2 24 | -30.1% | -17.4% | ||
| Q1 24 | -357.1% | -30.8% |
| Q4 25 | $0.12 | $-0.22 | ||
| Q3 25 | $0.14 | $-0.24 | ||
| Q2 25 | $2.28 | $-0.29 | ||
| Q1 25 | $0.08 | $-0.20 | ||
| Q4 24 | $1.23 | $-0.14 | ||
| Q3 24 | $0.11 | $-0.16 | ||
| Q2 24 | $-0.28 | $-0.16 | ||
| Q1 24 | $-3.91 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $275.7M |
| Total Assets | $112.6M | $311.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $228.1M | ||
| Q3 25 | $12.5M | $227.5M | ||
| Q2 25 | $6.8M | $227.5M | ||
| Q1 25 | $2.9M | $229.3M | ||
| Q4 24 | $4.4M | $237.2M | ||
| Q3 24 | $5.8M | $237.1M | ||
| Q2 24 | $6.1M | $233.3M | ||
| Q1 24 | $4.0M | $125.4M |
| 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 | — | ||
| Q1 24 | $102.3M | — |
| Q4 25 | $-4.8M | $275.7M | ||
| Q3 25 | $-10.4M | $276.0M | ||
| Q2 25 | $-17.3M | $278.0M | ||
| Q1 25 | $-126.1M | $279.3M | ||
| Q4 24 | $-130.3M | $281.2M | ||
| Q3 24 | $-137.5M | $277.3M | ||
| Q2 24 | $-157.2M | $275.2M | ||
| Q1 24 | $-149.6M | $163.9M |
| Q4 25 | $112.6M | $311.8M | ||
| Q3 25 | $121.4M | $308.5M | ||
| Q2 25 | $127.8M | $309.0M | ||
| Q1 25 | $114.6M | $313.0M | ||
| Q4 24 | $116.4M | $318.6M | ||
| Q3 24 | $114.2M | $310.5M | ||
| Q2 24 | $113.4M | $305.5M | ||
| Q1 24 | $120.3M | $183.2M |
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 | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-2.3M |
| FCF MarginFCF / Revenue | — | -6.9% |
| Capex IntensityCapex / Revenue | — | 3.5% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-1.1M | ||
| Q3 25 | $12.2M | $-1.2M | ||
| Q2 25 | $10.3M | $-4.4M | ||
| Q1 25 | $3.7M | $-8.8M | ||
| Q4 24 | $-8.6M | $-4.3M | ||
| Q3 24 | $-2.3M | $650.0K | ||
| Q2 24 | $-3.2M | $-4.0M | ||
| Q1 24 | $-2.0M | $-9.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-5.9M | ||
| Q1 25 | — | $-9.4M | ||
| Q4 24 | — | $-5.1M | ||
| Q3 24 | $-2.4M | $-453.0K | ||
| Q2 24 | — | $-5.5M | ||
| Q1 24 | — | $-11.3M |
| Q4 25 | — | -6.9% | ||
| Q3 25 | — | -5.8% | ||
| Q2 25 | — | -17.6% | ||
| Q1 25 | — | -24.8% | ||
| Q4 24 | — | -12.7% | ||
| Q3 24 | -7.1% | -1.3% | ||
| Q2 24 | — | -15.9% | ||
| Q1 24 | — | -38.2% |
| Q4 25 | — | 3.5% | ||
| Q3 25 | 0.0% | 1.9% | ||
| Q2 25 | — | 4.6% | ||
| Q1 25 | — | 1.5% | ||
| Q4 24 | — | 2.1% | ||
| Q3 24 | 0.1% | 3.1% | ||
| Q2 24 | — | 4.4% | ||
| Q1 24 | — | 6.7% |
| 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.
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
