The Arena Group Holdings Financials
The Arena Group Holdings (AREN) reported $134.8M in revenue for fiscal year 2025, up 7.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
FY2025 was driven by a balance-sheet reset and a much leaner cost structure after several years of strain, not by a dramatic revenue surge.
The most telling gap is between headline earnings and core cash economics: FY2025 net income of$124.9M was far above operating income of$40.8M , so the profit spike depended on non-operating items, not just the underlying business. Even so, operating cash flow also turned positive at$39.2M while total liabilities fell by$129.1M from FY2024, showing that the improvement was not just an accounting-only effect because cash generation and liabilities improved together.
Liquidity improved because obligations shrank, not because cash piled up: the current ratio moved from 0.3x to 2.1x. The key driver was current liabilities falling to
Margin expansion came from efficiency more than scale: revenue was only
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of The Arena Group Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for The Arena Group Holdings, and counted as zero in the overall score.
The Arena Group Holdings scores -1.58, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($45.3M) relative to total liabilities ($117.4M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
The Arena Group Holdings passes 7 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, The Arena Group Holdings generates $0.31 in operating cash flow ($39.2M OCF vs $124.9M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
The Arena Group Holdings earns $3.59 in operating income for every $1 of interest expense ($40.8M vs $11.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
Key Financial Metrics
Earnings & Revenue
The Arena Group Holdings generated $134.8M in revenue in fiscal year 2025. This represents an increase of 7.1% from the prior year.
The Arena Group Holdings's EBITDA was $44.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 282.4% from the prior year.
The Arena Group Holdings reported $124.9M in net income in fiscal year 2025. This represents an increase of 224.0% from the prior year.
The Arena Group Holdings earned $2.62 per diluted share (EPS) in fiscal year 2025. This represents an increase of 191.9% from the prior year.
Cash & Balance Sheet
The Arena Group Holdings generated $39.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 343.3% from the prior year.
The Arena Group Holdings held $10.3M in cash against $97.6M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
The Arena Group Holdings's gross margin was 50.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 6.4 percentage points from the prior year.
The Arena Group Holdings's operating margin was 30.3% in fiscal year 2025, reflecting core business profitability. This is up 24.0 percentage points from the prior year.
The Arena Group Holdings's net profit margin was 92.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 172.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
The Arena Group Holdings reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
AREN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $100.6M | $134.8M+7.1% | $125.9M-12.3% | $143.6M-35.0% | $220.9M+16.8% | $189.1M+47.7% | $128.0M+140.0% | $53.3M+835.8% | $5.7M+7303.3% | $77K | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $57.6M | $66.5M-5.3% | $70.2M-20.6% | $88.4M-33.5% | $132.9M+20.3% | $110.5M+7.2% | $103.1M+117.9% | $47.3M+519.0% | $7.6M+380.4% | $1.6M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | $43.0M | $68.3M+22.7% | $55.7M+0.8% | $55.3M-37.2% | $88.0M+12.0% | $78.6M+214.8% | $25.0M+313.2% | $6.0M+411.2% | -$1.9M-28.3% | -$1.5M | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.2M+927.2% | $115K | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $13.9M | $17.1M-43.9% | $30.4M-30.6% | $43.8M-18.2% | $53.5M-3.8% | $55.6M+54.4% | $36.0M+22.0% | $29.5M+186.9% | $10.3M+117.9% | $4.7M | N/A | $226K-11.3% | $254K-2.5% | $261K+4.1% | $251K+0.4% | $250K |
| Operating Income | $19.0M | $40.8M+418.4% | $7.9M+145.1% | -$17.5M+68.8% | -$55.9M+33.7% | -$84.3M-18.4% | -$71.2M-74.4% | -$40.8M-191.2% | -$14.0M-120.7% | -$6.3M | N/A | -$226K+11.3% | -$254K+2.5% | -$261K-204.1% | $251K+200.4% | -$250K |
| Interest Expense | $10.3M | $11.4M-22.6% | $14.7M-18.4% | $18.0M+57.2% | $11.4M+9.4% | $10.4M-36.7% | $16.5M+57.7% | $10.5M+317.1% | $2.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$957K | $520K+108.8% | $249K+26.4% | $197K+118.5% | -$1.1M+36.5% | -$1.7M-894.0% | $211K0.0% | $211K+330.1% | -$92K | $0 | N/A | $8000.0% | $8000.0% | $800-46.0% | $1K+85.3% | $800 |
| Net Income | $9.4M | $124.9M+224.0% | -$100.7M-81.2% | -$55.6M+21.6% | -$70.9M+21.2% | -$89.9M-0.8% | -$89.2M-131.8% | -$38.5M-47.7% | -$26.1M-314.8% | -$6.3M | N/A | -$197K+16.4% | -$236K-33.0% | -$177K-131.2% | $568K+316.3% | -$263K |
| EPS (Diluted) | — | $2.62+191.9% | -$2.85 | -$2.49+38.1% | -$4.02 | N/A | N/A | N/A | N/A | N/A | N/A | -$0.02+33.3% | -$0.03-50.0% | -$0.02-133.3% | $0.06+300.0% | -$0.03 |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AREN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $112.6M-3.2% | $116.4M-38.4% | $188.9M-7.3% | $203.7M+17.1% | $174.0M-18.8% | $214.2M+8.7% | $197.0M+430.1% | $37.2M+465.7% | $6.6M+410.1% | $1.3M-45.2% | $2.4M-6.1% | $2.5M-5.8% | $2.7M-5.3% | $2.8M-28.7% | $3.9M |
| Current Assets | $35.6M-11.4% | $40.2M-55.5% | $90.4M+14.9% | $78.7M+1.3% | $77.7M+5.2% | $73.8M+53.3% | $48.2M+405.2% | $9.5M+146.9% | $3.9M+436.3% | $720K-69.4% | $2.4M-6.1% | $2.5M-5.8% | $2.7M-5.3% | $2.8M-4.4% | $2.9M |
| Cash & Equivalents | $10.3M+137.0% | $4.4M-53.0% | $9.3M-33.1% | $13.9M+48.4% | $9.3M+3.5% | $9.0M+2.1% | $8.9M+267.8% | $2.4M+288.6% | $619K+3.5% | $598K | $0-100.0% | $542K+443.8% | $100K-12.5% | $114K-73.1% | $423K |
| Accounts Receivable | $22.3M-28.4% | $31.1M-1.8% | $31.7M-6.7% | $34.0M+56.7% | $21.7M+31.3% | $16.5M+1.6% | $16.2M+164.8% | $6.1M+11423.4% | $53K | $0 | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $42.6M0.0% | $42.6M0.0% | $42.6M+8.2% | $39.3M+100.5% | $19.6M+21.6% | $16.1M0.0% | $16.1M+120.4% | $7.3M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $117.4M-52.4% | $246.5M-0.5% | $247.7M+2.1% | $242.7M+14.6% | $211.8M-2.0% | $216.1M-7.7% | $234.1M+388.9% | $47.9M+1301.3% | $3.4M+886.5% | $346K+36.1% | $254K-1.1% | $257K-2.1% | $263K-10.5% | $294K+8.5% | $271K |
| Current Liabilities | $17.0M-86.1% | $122.3M-48.2% | $236.0M+9.1% | $216.4M+85.9% | $116.4M+8.2% | $107.6M+22.9% | $87.5M+306.5% | $21.5M+5071.4% | $416K+20.2% | $346K+302.8% | $86K-3.2% | $89K-5.8% | $94K-24.7% | $125K+22.5% | $102K |
| Long-Term Debt | $97.6M-11.6% | $110.4M+7.9% | $102.3M | N/A | $64.4M+3.5% | $62.2M+41.3% | $44.0M+17329.6% | $253K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$4.8M+96.3% | -$130.3M-120.9% | -$59.0M-13.1% | -$52.1M-0.9% | -$51.7M-154.4% | -$20.3M+45.2% | -$37.1M-245.9% | -$10.7M-459.2% | $3.0M+286.1% | $773K-63.2% | $2.1M-6.7% | $2.2M-6.2% | $2.4M-4.7% | $2.5M-31.4% | $3.7M |
| Retained Earnings | -$354.5M+26.0% | -$479.4M-26.6% | -$378.7M-17.2% | -$323.1M-28.1% | -$252.2M-55.4% | -$162.3M-122.2% | -$73.0M-111.5% | -$34.5M-307.7% | -$8.5M-287.2% | -$2.2M+96.5% | -$62.5M-0.3% | -$62.3M-0.4% | -$62.1M-0.3% | -$61.9M-2.0% | -$60.7M |
Not reported in any period shown, so not listed: Inventory.
AREN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $27.3M | $39.2M+344.1% | -$16.1M+35.1% | -$24.8M-119.1% | -$11.3M+23.3% | -$14.7M+54.4% | -$32.3M+43.3% | -$57.0M-667.8% | -$7.4M-76.8% | -$4.2M | N/A | -$153K+4.6% | -$161K-11.8% | -$144K-1.2% | -$142K-43.8% | -$99K |
| Capital Expenditures | N/A | $0-100.0% | $54K | N/A | $530K+40.6% | $377K-68.9% | $1.2M+703.9% | $151K+376.7% | $32K-46.8% | $59K | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | $39.2M+343.3% | -$16.1M | N/A | -$11.8M+21.7% | -$15.1M+54.9% | -$33.5M+41.3% | -$57.1M-666.6% | -$7.4M-75.1% | -$4.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$7.3M | -$9.6M-85.3% | -$5.2M-61.1% | -$3.2M+91.7% | -$38.6M-193.5% | -$13.1M-166.8% | -$4.9M+74.1% | -$19.0M+19.4% | -$23.6M-1056.6% | -$2.0M | N/A | N/A | N/A | $129K+177.5% | -$167K-134.7% | $481K |
| Financing Cash Flow | -$15.7M | -$23.7M-245.0% | $16.3M-28.7% | $22.9M-57.9% | $54.4M+93.0% | $28.2M-24.4% | $37.3M-55.0% | $82.9M+177.2% | $29.9M+223.2% | $9.3M | N/A | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.8M | N/A |
Not reported in any period shown, so not listed: Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AREN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 50.7%+6.4pp | 44.3%+5.8pp | 38.5%-1.4pp | 39.8%-1.7pp | 41.6%+22.1pp | 19.5%+8.2pp | 11.3%+45.4pp | -34.1% | -1965.9% | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 30.3%+24.0pp | 6.3%+18.4pp | -12.2%+13.1pp | -25.3%+19.3pp | -44.6%+11.0pp | -55.6%+20.9pp | -76.5% | -245.8% | -8246.4% | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 92.6%+172.6pp | -80.0%-41.3pp | -38.7%-6.6pp | -32.1%+15.5pp | -47.5%+22.1pp | -69.7%+2.5pp | -72.2% | -457.3% | -8162.0% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -210.6% | N/A | -9.4%+1.1pp | -10.5%-3.1pp | -7.4%-30.0pp | 22.6%+29.8pp | -7.2% |
| Return on Assets | 110.9%+197.4pp | -86.6%-57.1pp | -29.4%+5.3pp | -34.8%+16.9pp | -51.7%-10.0pp | -41.7%-22.1pp | -19.5%+50.6pp | -70.2%+25.5pp | -95.7% | N/A | -8.4%+1.0pp | -9.4%-2.7pp | -6.7%-26.9pp | 20.2%+26.9pp | -6.7% |
| Current Ratio | 2.10+1.8x | 0.33-0.1x | 0.380.0x | 0.36-0.3x | 0.670.0x | 0.69+0.1x | 0.55+0.1x | 0.44-8.8x | 9.27+7.2x | 2.08-25.3x | 27.36-0.9x | 28.210.0x | 28.21+5.8x | 22.44-6.3x | 28.74 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1.15+0.7x | 0.45+0.3x | 0.120.0x | 0.110.0x | 0.110.0x | 0.120.0x | 0.07 |
| FCF Margin | 29.1%+41.9pp | -12.8% | N/A | -5.4%+2.6pp | -8.0%+18.2pp | -26.2% | -107.0% | -130.7% | -5524.9% | N/A | N/A | N/A | N/A | N/A | N/A |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$4.8M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Where The Arena Group Holdings Ranks
Frequently Asked Questions
What is The Arena Group Holdings's annual revenue?
The Arena Group Holdings (AREN) reported $134.8M in total revenue for fiscal year 2025. This represents a 7.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is The Arena Group Holdings's revenue growing?
The Arena Group Holdings (AREN) revenue grew by 7.1% year-over-year, from $125.9M to $134.8M in fiscal year 2025.
Is The Arena Group Holdings profitable?
Yes, The Arena Group Holdings (AREN) reported a net income of $124.9M in fiscal year 2025, with a net profit margin of 92.6%.
What is The Arena Group Holdings's EBITDA?
The Arena Group Holdings (AREN) had EBITDA of $44.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does The Arena Group Holdings have?
As of fiscal year 2025, The Arena Group Holdings (AREN) had $10.3M in cash and equivalents against $97.6M in long-term debt.
What is The Arena Group Holdings's gross margin?
The Arena Group Holdings (AREN) had a gross margin of 50.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is The Arena Group Holdings's operating margin?
The Arena Group Holdings (AREN) had an operating margin of 30.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is The Arena Group Holdings's net profit margin?
The Arena Group Holdings (AREN) had a net profit margin of 92.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is The Arena Group Holdings's free cash flow?
The Arena Group Holdings (AREN) generated $39.2M in free cash flow during fiscal year 2025. This represents a 343.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is The Arena Group Holdings's operating cash flow?
The Arena Group Holdings (AREN) generated $39.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are The Arena Group Holdings's total assets?
The Arena Group Holdings (AREN) had $112.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are The Arena Group Holdings's capital expenditures?
The Arena Group Holdings (AREN) reported no capital expenditure during fiscal year 2025.
What is The Arena Group Holdings's current ratio?
The Arena Group Holdings (AREN) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.
What is The Arena Group Holdings's return on assets (ROA)?
The Arena Group Holdings (AREN) had a return on assets of 110.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is The Arena Group Holdings's debt-to-equity ratio negative or not reported?
The Arena Group Holdings (AREN) has negative shareholder equity of -$4.8M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is The Arena Group Holdings's Altman Z-Score?
The Arena Group Holdings (AREN) has an Altman Z-Score of -1.58, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is The Arena Group Holdings's Piotroski F-Score?
The Arena Group Holdings (AREN) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are The Arena Group Holdings's earnings high quality?
The Arena Group Holdings (AREN) has an earnings quality ratio of 0.31x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can The Arena Group Holdings cover its interest payments?
The Arena Group Holdings (AREN) has an interest coverage ratio of 3.59x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is The Arena Group Holdings?
The Arena Group Holdings (AREN) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.