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Side-by-side financial comparison of Arena Group Holdings, Inc. (AREN) and WIDEPOINT CORP (WYY). Click either name above to swap in a different company.

WIDEPOINT CORP is the larger business by last-quarter revenue ($42.3M vs $28.2M, roughly 1.5× Arena Group Holdings, Inc.). Arena Group Holdings, Inc. runs the higher net margin — 18.9% vs -2.0%, a 20.9% gap on every dollar of revenue. On growth, WIDEPOINT CORP posted the faster year-over-year revenue change (12.3% vs -22.0%). Over the past eight quarters, WIDEPOINT CORP's revenue compounded faster (11.2% 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.

WidePoint Corporation is an American company based in Fairfax, Virginia that provides technology-based products and services to the government sector and commercial markets in the United States. The company holds a patent for a digital parsing tool that allows users to access accounts through a secure repository gateway, established using asymmetric authentication employed as public key infrastructure (PKI). WidePoint provides smart card identity verification, wireless expense management, pen...

AREN vs WYY — Head-to-Head

Bigger by revenue
WYY
WYY
1.5× larger
WYY
$42.3M
$28.2M
AREN
Growing faster (revenue YoY)
WYY
WYY
+34.3% gap
WYY
12.3%
-22.0%
AREN
Higher net margin
AREN
AREN
20.9% more per $
AREN
18.9%
-2.0%
WYY
Faster 2-yr revenue CAGR
WYY
WYY
Annualised
WYY
11.2%
-1.2%
AREN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AREN
AREN
WYY
WYY
Revenue
$28.2M
$42.3M
Net Profit
$5.3M
$-849.4K
Gross Margin
43.6%
13.8%
Operating Margin
26.6%
-1.9%
Net Margin
18.9%
-2.0%
Revenue YoY
-22.0%
12.3%
Net Profit YoY
-22.5%
-138.3%
EPS (diluted)
$0.12
$-0.08

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.

Revenue
AREN
AREN
WYY
WYY
Q4 25
$28.2M
$42.3M
Q3 25
$29.8M
$36.1M
Q2 25
$45.0M
$37.9M
Q1 25
$31.8M
$34.2M
Q4 24
$36.2M
$37.7M
Q3 24
$33.6M
$34.6M
Q2 24
$27.2M
$36.0M
Q1 24
$28.9M
$34.2M
Net Profit
AREN
AREN
WYY
WYY
Q4 25
$5.3M
$-849.4K
Q3 25
$6.9M
$-559.2K
Q2 25
$108.6M
$-618.5K
Q1 25
$4.0M
$-724.1K
Q4 24
$6.9M
$-356.4K
Q3 24
$4.0M
$-425.2K
Q2 24
$-8.2M
$-499.6K
Q1 24
$-103.4M
$-653.1K
Gross Margin
AREN
AREN
WYY
WYY
Q4 25
43.6%
13.8%
Q3 25
50.2%
14.6%
Q2 25
56.5%
13.5%
Q1 25
49.3%
14.0%
Q4 24
52.6%
12.6%
Q3 24
50.6%
13.6%
Q2 24
39.4%
13.6%
Q1 24
30.9%
13.6%
Operating Margin
AREN
AREN
WYY
WYY
Q4 25
26.6%
-1.9%
Q3 25
31.9%
-1.3%
Q2 25
36.5%
-1.9%
Q1 25
23.1%
-2.4%
Q4 24
28.6%
-0.8%
Q3 24
24.0%
-1.3%
Q2 24
-9.5%
-1.3%
Q1 24
-27.5%
-1.9%
Net Margin
AREN
AREN
WYY
WYY
Q4 25
18.9%
-2.0%
Q3 25
23.1%
-1.5%
Q2 25
241.4%
-1.6%
Q1 25
12.6%
-2.1%
Q4 24
19.0%
-0.9%
Q3 24
11.8%
-1.2%
Q2 24
-30.1%
-1.4%
Q1 24
-357.1%
-1.9%
EPS (diluted)
AREN
AREN
WYY
WYY
Q4 25
$0.12
$-0.08
Q3 25
$0.14
$-0.06
Q2 25
$2.28
$-0.06
Q1 25
$0.08
$-0.08
Q4 24
$1.23
$-0.05
Q3 24
$0.11
$-0.04
Q2 24
$-0.28
$-0.05
Q1 24
$-3.91
$-0.07

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AREN
AREN
WYY
WYY
Cash + ST InvestmentsLiquidity on hand
$10.3M
$9.8M
Total DebtLower is stronger
$97.6M
Stockholders' EquityBook value
$-4.8M
$11.5M
Total Assets
$112.6M
$79.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AREN
AREN
WYY
WYY
Q4 25
$10.3M
$9.8M
Q3 25
$12.5M
$12.1M
Q2 25
$6.8M
$6.8M
Q1 25
$2.9M
$3.7M
Q4 24
$4.4M
$6.8M
Q3 24
$5.8M
Q2 24
$6.1M
Q1 24
$4.0M
Total Debt
AREN
AREN
WYY
WYY
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
Stockholders' Equity
AREN
AREN
WYY
WYY
Q4 25
$-4.8M
$11.5M
Q3 25
$-10.4M
$12.2M
Q2 25
$-17.3M
$12.6M
Q1 25
$-126.1M
$13.0M
Q4 24
$-130.3M
$13.6M
Q3 24
$-137.5M
$13.8M
Q2 24
$-157.2M
$14.0M
Q1 24
$-149.6M
$14.2M
Total Assets
AREN
AREN
WYY
WYY
Q4 25
$112.6M
$79.8M
Q3 25
$121.4M
$70.6M
Q2 25
$127.8M
$76.6M
Q1 25
$114.6M
$71.4M
Q4 24
$116.4M
$71.6M
Q3 24
$114.2M
$56.9M
Q2 24
$113.4M
$58.6M
Q1 24
$120.3M
$54.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AREN
AREN
WYY
WYY
Operating Cash FlowLast quarter
$13.1M
$-173.5K
Free Cash FlowOCF − Capex
$-270.0K
FCF MarginFCF / Revenue
-0.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
2.46×
TTM Free Cash FlowTrailing 4 quarters
$5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AREN
AREN
WYY
WYY
Q4 25
$13.1M
$-173.5K
Q3 25
$12.2M
$5.9M
Q2 25
$10.3M
$3.2M
Q1 25
$3.7M
$-3.2M
Q4 24
$-8.6M
$2.4M
Q3 24
$-2.3M
$1.9M
Q2 24
$-3.2M
$-1.1M
Q1 24
$-2.0M
$-1.6M
Free Cash Flow
AREN
AREN
WYY
WYY
Q4 25
$-270.0K
Q3 25
$5.9M
Q2 25
$3.1M
Q1 25
$-3.3M
Q4 24
$2.4M
Q3 24
$-2.4M
$1.8M
Q2 24
$-1.1M
Q1 24
$-1.6M
FCF Margin
AREN
AREN
WYY
WYY
Q4 25
-0.6%
Q3 25
16.4%
Q2 25
8.1%
Q1 25
-9.5%
Q4 24
6.4%
Q3 24
-7.1%
5.3%
Q2 24
-3.0%
Q1 24
-4.6%
Capex Intensity
AREN
AREN
WYY
WYY
Q4 25
0.2%
Q3 25
0.0%
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.1%
Q3 24
0.1%
0.2%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
AREN
AREN
WYY
WYY
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
AREN

Segment breakdown not available.

WYY
WYY

Carrier Services$26.8M63%
Managed Services$15.5M37%

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