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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and Entrada Therapeutics, Inc. (TRDA). 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 $20.6M, roughly 1.4× Entrada Therapeutics, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -84.4%, a 103.3% gap on every dollar of revenue. On growth, Arena Group Holdings, Inc. posted the faster year-over-year revenue change (-22.0% vs -65.2%). Over the past eight quarters, Entrada Therapeutics, Inc.'s revenue compounded faster (6.4% 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.
Entrada Therapeutics is a clinical-stage biotechnology firm developing transformative intracellular therapies for serious rare diseases and high-unmet-need disorders. Its pipeline covers neuromuscular, metabolic, and central nervous system segments, serving global patients via healthcare partnerships.
AREN vs TRDA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2025
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $20.6M |
| Net Profit | $5.3M | $-17.3M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | -106.0% |
| Net Margin | 18.9% | -84.4% |
| Revenue YoY | -22.0% | -65.2% |
| Net Profit YoY | -22.5% | -173.8% |
| EPS (diluted) | $0.12 | $-0.42 |
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 | — | ||
| Q3 25 | $29.8M | — | ||
| Q2 25 | $45.0M | — | ||
| Q1 25 | $31.8M | $20.6M | ||
| Q4 24 | $36.2M | $37.4M | ||
| Q3 24 | $33.6M | $19.6M | ||
| Q2 24 | $27.2M | $94.7M | ||
| Q1 24 | $28.9M | $59.1M |
| Q4 25 | $5.3M | — | ||
| Q3 25 | $6.9M | — | ||
| Q2 25 | $108.6M | — | ||
| Q1 25 | $4.0M | $-17.3M | ||
| Q4 24 | $6.9M | $1.1M | ||
| Q3 24 | $4.0M | $-14.0M | ||
| Q2 24 | $-8.2M | $55.0M | ||
| Q1 24 | $-103.4M | $23.5M |
| 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% | — |
| Q4 25 | 26.6% | — | ||
| Q3 25 | 31.9% | — | ||
| Q2 25 | 36.5% | — | ||
| Q1 25 | 23.1% | -106.0% | ||
| Q4 24 | 28.6% | -15.7% | ||
| Q3 24 | 24.0% | -110.7% | ||
| Q2 24 | -9.5% | 56.4% | ||
| Q1 24 | -27.5% | 35.7% |
| Q4 25 | 18.9% | — | ||
| Q3 25 | 23.1% | — | ||
| Q2 25 | 241.4% | — | ||
| Q1 25 | 12.6% | -84.4% | ||
| Q4 24 | 19.0% | 3.0% | ||
| Q3 24 | 11.8% | -71.7% | ||
| Q2 24 | -30.1% | 58.1% | ||
| Q1 24 | -357.1% | 39.7% |
| Q4 25 | $0.12 | — | ||
| Q3 25 | $0.14 | — | ||
| Q2 25 | $2.28 | — | ||
| Q1 25 | $0.08 | $-0.42 | ||
| Q4 24 | $1.23 | $-0.20 | ||
| Q3 24 | $0.11 | $-0.35 | ||
| Q2 24 | $-0.28 | $1.55 | ||
| Q1 24 | $-3.91 | $0.68 |
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 | $67.8M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $417.3M |
| Total Assets | $112.6M | $486.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $10.3M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $6.8M | — | ||
| Q1 25 | $2.9M | $67.8M | ||
| Q4 24 | $4.4M | $101.2M | ||
| Q3 24 | $5.8M | $78.0M | ||
| Q2 24 | $6.1M | $185.3M | ||
| Q1 24 | $4.0M | $68.4M |
| 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 | — | ||
| Q3 25 | $-10.4M | — | ||
| Q2 25 | $-17.3M | — | ||
| Q1 25 | $-126.1M | $417.3M | ||
| Q4 24 | $-130.3M | $428.7M | ||
| Q3 24 | $-137.5M | $422.4M | ||
| Q2 24 | $-157.2M | $429.9M | ||
| Q1 24 | $-149.6M | $269.4M |
| Q4 25 | $112.6M | — | ||
| Q3 25 | $121.4M | — | ||
| Q2 25 | $127.8M | — | ||
| Q1 25 | $114.6M | $486.5M | ||
| Q4 24 | $116.4M | $526.3M | ||
| Q3 24 | $114.2M | $554.6M | ||
| Q2 24 | $113.4M | $582.0M | ||
| Q1 24 | $120.3M | $510.8M |
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 | $-38.5M |
| Free Cash FlowOCF − Capex | — | $-39.7M |
| FCF MarginFCF / Revenue | — | -192.9% |
| Capex IntensityCapex / Revenue | — | 5.6% |
| Cash ConversionOCF / Net Profit | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-58.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.1M | — | ||
| Q3 25 | $12.2M | — | ||
| Q2 25 | $10.3M | — | ||
| Q1 25 | $3.7M | $-38.5M | ||
| Q4 24 | $-8.6M | $-31.6M | ||
| Q3 24 | $-2.3M | $-24.3M | ||
| Q2 24 | $-3.2M | $39.8M | ||
| Q1 24 | $-2.0M | $-25.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-39.7M | ||
| Q4 24 | — | $-32.2M | ||
| Q3 24 | $-2.4M | $-24.9M | ||
| Q2 24 | — | $38.8M | ||
| Q1 24 | — | $-26.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -192.9% | ||
| Q4 24 | — | -86.2% | ||
| Q3 24 | -7.1% | -127.3% | ||
| Q2 24 | — | 41.0% | ||
| Q1 24 | — | -44.6% |
| Q4 25 | — | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.6% | ||
| Q4 24 | — | 1.7% | ||
| Q3 24 | 0.1% | 3.3% | ||
| Q2 24 | — | 1.1% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 2.46× | — | ||
| Q3 25 | 1.77× | — | ||
| Q2 25 | 0.09× | — | ||
| Q1 25 | 0.91× | — | ||
| Q4 24 | -1.25× | -27.94× | ||
| Q3 24 | -0.59× | — | ||
| Q2 24 | — | 0.72× | ||
| Q1 24 | — | -1.09× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
