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Side-by-side financial comparison of Armour Residential REIT, Inc. (ARR) and Inspired Entertainment, Inc. (INSE). Click either name above to swap in a different company.

Inspired Entertainment, Inc. is the larger business by last-quarter revenue ($77.2M vs $50.4M, roughly 1.5× Armour Residential REIT, Inc.). Armour Residential REIT, Inc. runs the higher net margin — 420.2% vs -9.3%, a 429.6% gap on every dollar of revenue. On growth, Armour Residential REIT, Inc. posted the faster year-over-year revenue change (297.9% vs -6.8%). Over the past eight quarters, Armour Residential REIT, Inc.'s revenue compounded faster (108.0% CAGR vs 11.3%).

Armour Residential REIT, Inc. is a U.S.-based real estate investment trust that primarily invests in agency residential mortgage-backed securities guaranteed by U.S. government-sponsored entities. It focuses on generating consistent long-term net income for shareholders via strategic asset management and active interest rate risk mitigation.

Alchemy Copyrights, LLC, doing business as Concord, is an independent American entertainment company. It develops, manages and acquires sound recordings, music publishing rights, theatrical performance rights, and narrative content for film and television. Concord is majority owned by the State of Michigan Retirement System.

ARR vs INSE — Head-to-Head

Bigger by revenue
INSE
INSE
1.5× larger
INSE
$77.2M
$50.4M
ARR
Growing faster (revenue YoY)
ARR
ARR
+304.6% gap
ARR
297.9%
-6.8%
INSE
Higher net margin
ARR
ARR
429.6% more per $
ARR
420.2%
-9.3%
INSE
Faster 2-yr revenue CAGR
ARR
ARR
Annualised
ARR
108.0%
11.3%
INSE

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARR
ARR
INSE
INSE
Revenue
$50.4M
$77.2M
Net Profit
$211.7M
$-7.2M
Gross Margin
Operating Margin
14.6%
Net Margin
420.2%
-9.3%
Revenue YoY
297.9%
-6.8%
Net Profit YoY
555.9%
-110.7%
EPS (diluted)
$2.43
$-0.24

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
ARR
ARR
INSE
INSE
Q4 25
$50.4M
$77.2M
Q3 25
$38.5M
$86.2M
Q2 25
$33.1M
$80.3M
Q1 25
$36.3M
$60.4M
Q4 24
$12.7M
$82.8M
Q3 24
$77.2M
Q2 24
$7.0M
$74.8M
Q1 24
$62.3M
Net Profit
ARR
ARR
INSE
INSE
Q4 25
$211.7M
$-7.2M
Q3 25
$159.3M
$-1.9M
Q2 25
$-75.6M
$-7.8M
Q1 25
$27.3M
$-100.0K
Q4 24
$-46.4M
$67.0M
Q3 24
$2.8M
Q2 24
$-48.4M
$1.4M
Q1 24
$-6.4M
Gross Margin
ARR
ARR
INSE
INSE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
74.5%
Operating Margin
ARR
ARR
INSE
INSE
Q4 25
14.6%
Q3 25
11.3%
Q2 25
9.8%
Q1 25
2.6%
Q4 24
15.6%
Q3 24
14.5%
Q2 24
11.6%
Q1 24
-3.4%
Net Margin
ARR
ARR
INSE
INSE
Q4 25
420.2%
-9.3%
Q3 25
413.5%
-2.2%
Q2 25
-228.4%
-9.7%
Q1 25
75.2%
-0.2%
Q4 24
-366.8%
80.9%
Q3 24
3.6%
Q2 24
-693.8%
1.9%
Q1 24
-10.3%
EPS (diluted)
ARR
ARR
INSE
INSE
Q4 25
$2.43
$-0.24
Q3 25
$1.49
$-0.07
Q2 25
$-0.94
$-0.27
Q1 25
$0.32
$0.00
Q4 24
$-0.91
$2.29
Q3 24
$0.10
Q2 24
$-1.05
$0.05
Q1 24
$-0.22

Balance Sheet & Financial Strength

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

Metric
ARR
ARR
INSE
INSE
Cash + ST InvestmentsLiquidity on hand
$63.3M
Total DebtLower is stronger
$363.2M
Stockholders' EquityBook value
$2.3B
$-16.2M
Total Assets
$21.0B
$439.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARR
ARR
INSE
INSE
Q4 25
$63.3M
Q3 25
$44.2M
Q2 25
$141.2M
Q1 25
$49.1M
Q4 24
$68.0M
Q3 24
Q2 24
$126.6M
Q1 24
Total Debt
ARR
ARR
INSE
INSE
Q4 25
$363.2M
Q3 25
Q2 25
Q1 25
Q4 24
$313.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ARR
ARR
INSE
INSE
Q4 25
$2.3B
$-16.2M
Q3 25
$2.1B
$-9.0M
Q2 25
$1.7B
$-9.5M
Q1 25
$1.7B
$-2.2M
Q4 24
$1.4B
$-3.3M
Q3 24
$-78.2M
Q2 24
$1.2B
$-77.1M
Q1 24
$-80.3M
Total Assets
ARR
ARR
INSE
INSE
Q4 25
$21.0B
$439.9M
Q3 25
$19.4B
$485.8M
Q2 25
$16.2B
$486.8M
Q1 25
$15.5B
$458.9M
Q4 24
$13.5B
$438.4M
Q3 24
$388.6M
Q2 24
$10.1B
$326.6M
Q1 24
$331.1M

Cash Flow & Capital Efficiency

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

Metric
ARR
ARR
INSE
INSE
Operating Cash FlowLast quarter
$124.2M
$1.2M
Free Cash FlowOCF − Capex
$-9.9M
FCF MarginFCF / Revenue
-12.8%
Capex IntensityCapex / Revenue
14.4%
Cash ConversionOCF / Net Profit
0.59×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARR
ARR
INSE
INSE
Q4 25
$124.2M
$1.2M
Q3 25
$-37.8M
$10.1M
Q2 25
$25.0M
$15.2M
Q1 25
$101.5M
$25.5M
Q4 24
$261.5M
$6.9M
Q3 24
$21.2M
Q2 24
$27.1M
$-2.4M
Q1 24
$6.0M
Free Cash Flow
ARR
ARR
INSE
INSE
Q4 25
$-9.9M
Q3 25
$4.3M
Q2 25
$5.6M
Q1 25
$16.3M
Q4 24
$1.6M
Q3 24
$16.8M
Q2 24
$-5.3M
Q1 24
$1.6M
FCF Margin
ARR
ARR
INSE
INSE
Q4 25
-12.8%
Q3 25
5.0%
Q2 25
7.0%
Q1 25
27.0%
Q4 24
1.9%
Q3 24
21.8%
Q2 24
-7.1%
Q1 24
2.6%
Capex Intensity
ARR
ARR
INSE
INSE
Q4 25
14.4%
Q3 25
6.7%
Q2 25
12.0%
Q1 25
15.2%
Q4 24
6.4%
Q3 24
5.7%
Q2 24
3.9%
Q1 24
7.1%
Cash Conversion
ARR
ARR
INSE
INSE
Q4 25
0.59×
Q3 25
-0.24×
Q2 25
Q1 25
3.71×
Q4 24
0.10×
Q3 24
7.57×
Q2 24
-1.71×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARR
ARR

Segment breakdown not available.

INSE
INSE

Gaming$36.3M47%
Interactive$17.8M23%
Leisure$13.7M18%
Product Sales$8.8M11%

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