vs
Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and WEST BANCORPORATION INC (WTBA). 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 $26.9M, roughly 1.0× WEST BANCORPORATION INC). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 18.9%, a 20.4% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs -22.0%). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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.
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
AREN vs WTBA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $28.2M | $26.9M |
| Net Profit | $5.3M | $10.6M |
| Gross Margin | 43.6% | — |
| Operating Margin | 26.6% | 50.0% |
| Net Margin | 18.9% | 39.2% |
| Revenue YoY | -22.0% | 16.6% |
| Net Profit YoY | -22.5% | 34.8% |
| EPS (diluted) | $0.12 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $28.2M | $24.2M | ||
| Q3 25 | $29.8M | $25.0M | ||
| Q2 25 | $45.0M | $23.8M | ||
| Q1 25 | $31.8M | $23.1M | ||
| Q4 24 | $36.2M | $20.9M | ||
| Q3 24 | $33.6M | $20.3M | ||
| Q2 24 | $27.2M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $5.3M | $7.4M | ||
| Q3 25 | $6.9M | $9.3M | ||
| Q2 25 | $108.6M | $8.0M | ||
| Q1 25 | $4.0M | $7.8M | ||
| Q4 24 | $6.9M | $7.1M | ||
| Q3 24 | $4.0M | $6.0M | ||
| Q2 24 | $-8.2M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | 26.6% | 39.6% | ||
| Q3 25 | 31.9% | 45.8% | ||
| Q2 25 | 36.5% | 43.4% | ||
| Q1 25 | 23.1% | 43.4% | ||
| Q4 24 | 28.6% | 30.9% | ||
| Q3 24 | 24.0% | 36.6% | ||
| Q2 24 | -9.5% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 18.9% | 30.7% | ||
| Q3 25 | 23.1% | 37.3% | ||
| Q2 25 | 241.4% | 33.5% | ||
| Q1 25 | 12.6% | 34.0% | ||
| Q4 24 | 19.0% | 34.0% | ||
| Q3 24 | 11.8% | 29.3% | ||
| Q2 24 | -30.1% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.12 | $0.44 | ||
| Q3 25 | $0.14 | $0.55 | ||
| Q2 25 | $2.28 | $0.47 | ||
| Q1 25 | $0.08 | $0.46 | ||
| Q4 24 | $1.23 | $0.41 | ||
| Q3 24 | $0.11 | $0.35 | ||
| Q2 24 | $-0.28 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $97.6M | — |
| Stockholders' EquityBook value | $-4.8M | $270.7M |
| Total Assets | $112.6M | $4.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $10.3M | $471.1M | ||
| Q3 25 | $12.5M | $232.9M | ||
| Q2 25 | $6.8M | $345.2M | ||
| Q1 25 | $2.9M | — | ||
| Q4 24 | $4.4M | $243.5M | ||
| Q3 24 | $5.8M | — | ||
| Q2 24 | $6.1M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $-4.8M | $266.0M | ||
| Q3 25 | $-10.4M | $255.1M | ||
| Q2 25 | $-17.3M | $240.9M | ||
| Q1 25 | $-126.1M | $237.9M | ||
| Q4 24 | $-130.3M | $227.9M | ||
| Q3 24 | $-137.5M | $235.4M | ||
| Q2 24 | $-157.2M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $112.6M | $4.1B | ||
| Q3 25 | $121.4M | $4.0B | ||
| Q2 25 | $127.8M | $4.1B | ||
| Q1 25 | $114.6M | $4.0B | ||
| Q4 24 | $116.4M | $4.0B | ||
| Q3 24 | $114.2M | $4.0B | ||
| Q2 24 | $113.4M | $4.0B |
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 | $12.9M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 46.0% |
| Capex IntensityCapex / Revenue | — | 1.8% |
| Cash ConversionOCF / Net Profit | 2.46× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $13.1M | $46.5M | ||
| Q3 25 | $12.2M | $11.4M | ||
| Q2 25 | $10.3M | $13.5M | ||
| Q1 25 | $3.7M | $9.7M | ||
| Q4 24 | $-8.6M | $39.8M | ||
| Q3 24 | $-2.3M | $12.9M | ||
| Q2 24 | $-3.2M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | — | $43.2M | ||
| Q3 25 | — | $10.8M | ||
| Q2 25 | — | $12.8M | ||
| Q1 25 | — | $8.3M | ||
| Q4 24 | — | $13.7M | ||
| Q3 24 | $-2.4M | $7.0M | ||
| Q2 24 | — | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | — | 178.3% | ||
| Q3 25 | — | 43.0% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 35.7% | ||
| Q4 24 | — | 65.6% | ||
| Q3 24 | -7.1% | 34.2% | ||
| Q2 24 | — | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | — | 13.7% | ||
| Q3 25 | 0.0% | 2.6% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 6.5% | ||
| Q4 24 | — | 125.3% | ||
| Q3 24 | 0.1% | 29.4% | ||
| Q2 24 | — | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | 2.46× | 6.26× | ||
| Q3 25 | 1.77× | 1.23× | ||
| Q2 25 | 0.09× | 1.70× | ||
| Q1 25 | 0.91× | 1.24× | ||
| Q4 24 | -1.25× | 5.61× | ||
| Q3 24 | -0.59× | 2.17× | ||
| Q2 24 | — | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
