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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and SS Innovations International, Inc. (SSII). 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 $14.5M, roughly 1.9× SS Innovations International, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -17.0%, a 35.9% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs -22.0%). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.
SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.
AREN vs SSII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $14.5M |
| Net Profit | $5.3M | $-2.5M |
| Gross Margin | 43.6% | 43.9% |
| Operating Margin | 26.6% | -3.7% |
| Net Margin | 18.9% | -17.0% |
| Revenue YoY | -22.0% | 79.1% |
| Net Profit YoY | -22.5% | -28.5% |
| EPS (diluted) | $0.12 | $-0.01 |
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 | $14.5M | ||
| Q3 25 | $29.8M | $12.8M | ||
| Q2 25 | $45.0M | $10.0M | ||
| Q1 25 | $31.8M | $5.1M | ||
| Q4 24 | $36.2M | $8.1M | ||
| Q3 24 | $33.6M | $4.4M | ||
| Q2 24 | $27.2M | $4.5M | ||
| Q1 24 | $28.9M | $3.6M |
| Q4 25 | $5.3M | $-2.5M | ||
| Q3 25 | $6.9M | $-3.7M | ||
| Q2 25 | $108.6M | $-256.7K | ||
| Q1 25 | $4.0M | $-5.7M | ||
| Q4 24 | $6.9M | $-1.9M | ||
| Q3 24 | $4.0M | $-3.2M | ||
| Q2 24 | $-8.2M | $-4.1M | ||
| Q1 24 | $-103.4M | $-9.8M |
| Q4 25 | 43.6% | 43.9% | ||
| Q3 25 | 50.2% | 48.1% | ||
| Q2 25 | 56.5% | 59.1% | ||
| Q1 25 | 49.3% | 21.2% | ||
| Q4 24 | 52.6% | 48.9% | ||
| Q3 24 | 50.6% | 52.8% | ||
| Q2 24 | 39.4% | 31.9% | ||
| Q1 24 | 30.9% | 20.0% |
| Q4 25 | 26.6% | -3.7% | ||
| Q3 25 | 31.9% | -14.3% | ||
| Q2 25 | 36.5% | 1.0% | ||
| Q1 25 | 23.1% | -115.6% | ||
| Q4 24 | 28.6% | -22.7% | ||
| Q3 24 | 24.0% | -73.1% | ||
| Q2 24 | -9.5% | -90.9% | ||
| Q1 24 | -27.5% | -270.3% |
| Q4 25 | 18.9% | -17.0% | ||
| Q3 25 | 23.1% | -29.0% | ||
| Q2 25 | 241.4% | -2.6% | ||
| Q1 25 | 12.6% | -111.0% | ||
| Q4 24 | 19.0% | -23.7% | ||
| Q3 24 | 11.8% | -74.0% | ||
| Q2 24 | -30.1% | -91.8% | ||
| Q1 24 | -357.1% | -270.5% |
| Q4 25 | $0.12 | $-0.01 | ||
| Q3 25 | $0.14 | $-0.02 | ||
| Q2 25 | $2.28 | $0.00 | ||
| Q1 25 | $0.08 | $-0.03 | ||
| Q4 24 | $1.23 | $-0.01 | ||
| Q3 24 | $0.11 | $-0.02 | ||
| Q2 24 | $-0.28 | $-0.02 | ||
| Q1 24 | $-3.91 | $-0.06 |
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 | $3.2M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $38.2M |
| Total Assets | $112.6M | $74.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | $3.2M | ||
| Q3 25 | $12.5M | $5.7M | ||
| Q2 25 | $6.8M | $11.4M | ||
| Q1 25 | $2.9M | $15.9M | ||
| Q4 24 | $4.4M | $466.5K | ||
| Q3 24 | $5.8M | $220.4K | ||
| Q2 24 | $6.1M | $608.2K | ||
| Q1 24 | $4.0M | $948.1K |
| 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 | $38.2M | ||
| Q3 25 | $-10.4M | $39.6M | ||
| Q2 25 | $-17.3M | $42.0M | ||
| Q1 25 | $-126.1M | $40.6M | ||
| Q4 24 | $-130.3M | $13.5M | ||
| Q3 24 | $-137.5M | $13.7M | ||
| Q2 24 | $-157.2M | $14.8M | ||
| Q1 24 | $-149.6M | $16.7M |
| Q4 25 | $112.6M | $74.2M | ||
| Q3 25 | $121.4M | $69.6M | ||
| Q2 25 | $127.8M | $70.0M | ||
| Q1 25 | $114.6M | $63.5M | ||
| Q4 24 | $116.4M | $42.4M | ||
| Q3 24 | $114.2M | $39.0M | ||
| Q2 24 | $113.4M | $35.7M | ||
| Q1 24 | $120.3M | $35.2M |
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 | $-1.5M |
| Free Cash FlowOCF − Capex | — | $-3.2M |
| FCF MarginFCF / Revenue | — | -22.3% |
| Capex IntensityCapex / Revenue | — | 11.8% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-22.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | $-1.5M | ||
| Q3 25 | $12.2M | $-7.5M | ||
| Q2 25 | $10.3M | $-3.5M | ||
| Q1 25 | $3.7M | $-6.1M | ||
| Q4 24 | $-8.6M | $-3.3M | ||
| Q3 24 | $-2.3M | $-2.5M | ||
| Q2 24 | $-3.2M | $-1.0M | ||
| Q1 24 | $-2.0M | $-2.7M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | — | $-8.2M | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-7.0M | ||
| Q4 24 | — | $-3.4M | ||
| Q3 24 | $-2.4M | $-4.2M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $-2.8M |
| Q4 25 | — | -22.3% | ||
| Q3 25 | — | -64.1% | ||
| Q2 25 | — | -37.7% | ||
| Q1 25 | — | -136.2% | ||
| Q4 24 | — | -41.7% | ||
| Q3 24 | -7.1% | -96.9% | ||
| Q2 24 | — | -69.5% | ||
| Q1 24 | — | -76.9% |
| Q4 25 | — | 11.8% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 17.0% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | 0.1% | 38.8% | ||
| Q2 24 | — | 46.8% | ||
| Q1 24 | — | 3.5% |
| 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.
SSII
| System Sales | $13.4M | 92% |
| Other | $1.2M | 8% |
