What is The Arena Group Holdings, Inc.'s earnings per share (EPS)?

The Arena Group Holdings, Inc. (AREN) reported diluted earnings per share of $2.62 for fiscal year 2025. This represents a 191.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

The Arena Group Holdings, Inc. (AREN) Financials

AREN

FY2025 annual

Revenue $134.8M +7.1% YoY

Net Income $124.9M +224.0% YoY

EPS (Diluted) $2.62 +191.9% YoY

Free Cash Flow $39.2M +343.3% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the AREN SEC filings page.

The Arena Group Holdings, Inc. (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).

Rhea AI AREN FY2025 2026-10-03

FY2025’s turnaround came from lower overhead and wider gross margins, converting a shrinking revenue base into operating profit and cash.

Operating cash flow matched free cash flow at $39.2M because reported capital expenditures were $0, showing that the year’s cash generation was not absorbed by reinvestment. Yet net income of $124.9M was far above operating income of $40.8M, so reported earnings included a substantial contribution below operating profit while cash generation tracked the core result more closely.

Gross margin climbed from 44.3% to 50.7%, indicating materially better economics despite the absence of a large top-line expansion. SG&A fell from $30.4M to $17.1M, so the operating-margin step-up is more consistent with cost discipline or mix than with volume alone.

Total liabilities fell from $246.5M to $117.4M, changing the balance-sheet posture rather than merely improving the income statement. Equity moved from -$130.3M to -$4.8M; the current ratio reached 2.1x while long-term debt remained $97.6M, meaning short-term coverage improved without eliminating leverage.

Financial Health Signals

Financial Health Score 44/100

Scored as: Emerging companies peer group

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, Inc.'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.

Cash Runway

The Arena Group Holdings, Inc. held $10.3M in cash, cash equivalents and investments at the end of fiscal year 2025, and its operations generated $39.2M of cash that year. Cash Runway ranks emerging companies on the size of that balance against the outflow behind it, and The Arena Group Holdings, Inc. scores 86/100 among other emerging companies.

Dilution

The Arena Group Holdings, Inc. had 48M shares outstanding at the end of fiscal year 2025, against 48M in fiscal year 2024. Dilution ranks emerging companies on how fast that count has grown over three years, where a slower rise is the better one, and The Arena Group Holdings, Inc. scores 28/100 among other emerging companies.

R&D Intensity

Not available for The Arena Group Holdings, Inc., and counted as zero in the overall score.

Revenue Progress

The Arena Group Holdings, Inc. reported revenue of $134.8M in fiscal year 2025, against $125.9M in fiscal year 2024. Revenue Progress ranks emerging companies on the three-year path of that line, and The Arena Group Holdings, Inc. scores 39/100 among other emerging companies.

Burn Trend

The Arena Group Holdings, Inc.'s operations generated $39.2M of cash in fiscal year 2025, against $16.1M used in fiscal year 2024. Burn Trend ranks emerging companies on which way that figure has moved over three years, and The Arena Group Holdings, Inc. scores 96/100 among other emerging companies.

Balance Sheet

The Arena Group Holdings, Inc.'s cash, cash equivalents and investments came to $10.3M at the end of fiscal year 2025, against $117.4M of total liabilities. Balance Sheet ranks emerging companies on that comparison, and The Arena Group Holdings, Inc. scores 16/100 among other emerging companies.

Altman Z-Score Distress

-1.54

The Arena Group Holdings, Inc. scores -1.54, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($53.3M) 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.

Piotroski F-Score Strong

7/9

The Arena Group Holdings, Inc. 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.

Earnings Quality Low Quality

0.31x

For every $1 of reported earnings, The Arena Group Holdings, Inc. 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.

Interest Coverage Adequate

3.59x

The Arena Group Holdings, Inc. 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

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Earnings & Revenue

Revenue

$22.2M

YoY-50.7%

QoQ+8.7%

5Y CAGR-8.6%

The Arena Group Holdings, Inc. generated $22.2M in revenue in Q2 2026. This represents a decrease of 50.7% from the same quarter a year earlier. Against the prior quarter it is up 8.7%.

EBITDA

$3.2M

YoY-81.6%

QoQ+441.3%

The Arena Group Holdings, Inc.'s EBITDA was $3.2M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 81.6% from the same quarter a year earlier. Against the prior quarter it is up 441.3%.

Net Income

-$176K

YoY-100.2%

QoQ+93.4%

The Arena Group Holdings, Inc. reported -$176K in net income in Q2 2026. This represents a decrease of 100.2% from the same quarter a year earlier. Against the prior quarter it is up 93.4%.

EPS (Diluted)

$0.00

YoY-100.0%

QoQ+100.0%

The Arena Group Holdings, Inc. earned $0.00 per diluted share (EPS) in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is up 100.0%.

Cash & Balance Sheet

Cash & Debt

$11.2M

YoY+65.0%

QoQ-0.5%

5Y CAGR+10.7%

10Y CAGR+29.2%

The Arena Group Holdings, Inc. held $11.2M in cash against $97.6M in long-term debt as of Q2 2026.

Shares Outstanding

48M

YoY+0.3%

QoQ0.0%

5Y CAGR-29.0%

The Arena Group Holdings, Inc. had 48M shares outstanding in Q2 2026. This represents an increase of 0.3% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

39.1%

YoY-17.4pp

QoQ+4.4pp

5Y change+11.9pp

The Arena Group Holdings, Inc.'s gross margin was 39.1% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 17.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.4 percentage points.

Operating Margin

10.3%

YoY-26.2pp

QoQ+11.8pp

5Y change+77.2pp

The Arena Group Holdings, Inc.'s operating margin was 10.3% in Q2 2026, reflecting core business profitability. This is down 26.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 11.8 percentage points.

Net Margin

-0.8%

QoQ+12.2pp

5Y change+58.7pp

The Arena Group Holdings, Inc.'s net profit margin was -0.8% in Q2 2026, showing the share of revenue converted to profit. Against the prior quarter it is up 12.2 percentage points. No change is given against Q2 2025: its reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.

Return on Equity

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

AREN Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AREN quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
EBITDA	N/A	$44.3M+282.4%	$11.6M+187.6%	-$13.2M+76.0%	-$55.0M+33.8%	-$83.1M-51.4%	-$54.9M-51.4%	-$36.3M-159.9%	-$13.9M-139.5%	-$5.8M	N/A	N/A	N/A	N/A	N/A	N/A
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 (Basic)	N/A	$2.63+192.3%	-$2.85-14.5%	-$2.49+38.1%	-$4.02+48.9%	-$7.87	N/A	N/A	N/A	N/A	N/A	-$0.02+33.3%	-$0.03-50.0%	-$0.02-128.6%	$0.07+333.3%	-$0.03
EPS (Diluted)	$0.19	$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
Diluted Shares (Avg)	N/A	48M+34.6%	35M	22M+26.7%	18M	N/A	N/A	N/A	N/A	23M	N/A	9M+3.6%	9M+2.0%	9M-8.3%	9M+18.8%	8M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$22.2M-50.7%	$20.4M-35.9%	$28.2M-22.0%	$29.8M-11.3%	$45.0M+65.6%	$31.8M+9.9%	$36.2M-17.9%	$33.6M-9.3%
Cost of Revenue	$13.5M-31.0%	$13.3M-17.5%	$15.9M-7.2%	$14.8M-10.4%	$19.6M+18.9%	$16.1M-19.3%	$17.2M-34.9%	$16.6M-28.1%
Gross Profit	$8.7M-65.9%	$7.1M-54.8%	$12.3M-35.4%	$14.9M-12.2%	$25.4M+137.3%	$15.7M+75.4%	$19.1M+7.3%	$17.0M+21.8%
SG&A Expenses	$3.7M-41.0%	$4.6M-12.2%	$2.4M-57.9%	$3.2M-46.7%	$6.2M-28.2%	$5.3M-47.9%	$5.6M-32.2%	$6.0M-44.9%
Operating Income	$2.3M-86.1%	-$304K-104.1%	$7.5M-27.3%	$9.5M+17.9%	$16.4M+736.6%	$7.4M+192.6%	$10.3M+237.0%	$8.1M+280.3%
EBITDA	$3.2M-81.6%	$589K-92.9%	$8.3M-25.8%	$10.4M+15.8%	$17.3M+1138.6%	$8.3M+218.5%	$11.2M+174.5%	$9.0M+362.6%
Interest Expense	$2.5M-16.8%	$2.4M-19.4%	$2.6M-11.9%	$2.8M-10.2%	$2.9M-30.7%	$3.0M-30.8%	$2.9M-38.4%	$3.2M-21.8%
Income Tax	-$70K-107.2%	-$142K-149.7%	-$441K-431.6%	-$304K-860.0%	$979K+2697.1%	$286K+597.6%	$133K+155.8%	$40K-23.1%
Net Income	-$176K-100.2%	-$2.7M-166.1%	$5.3M-22.5%	$6.9M+73.5%	$108.6M+1427.0%	$4.0M+103.9%	$6.9M+223.8%	$4.0M+135.4%
EPS (Basic)	$0.00-100.0%	-$0.06-175.0%	$0.11-81.4%	$0.14+27.3%	$2.29+917.9%	$0.08+102.0%	$0.59+468.8%	$0.11+123.4%
EPS (Diluted)	$0.00-100.0%	-$0.06-175.0%	$0.11	$0.14+27.3%	$2.28	$0.08	$0.59	$0.11
Diluted Shares (Avg)	47M-0.3%	47M+0.1%	N/A	48M+26.8%	48M	47M	N/A	38M

Not reported in any period shown, so not listed: R&D Expenses.

AREN Balance Sheet

AREN quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0-100.0%	$17K+20.6%	$14K	$0-100.0%	$1.8M-8.1%	$1.9M-23.5%	$2.5M-5.0%	$2.7M+6.7%	$2.5M
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
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
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
Non-Current Liabilities	$100.4M-19.2%	$124.3M+963.5%	$11.7M-55.6%	$26.3M-72.4%	$95.4M-12.1%	$108.5M-25.9%	$146.5M+456.3%	$26.3M+778.0%	$3.0M	$0-100.0%	$168K0.0%	$168K0.0%	$168K0.0%	$168K0.0%	$168K
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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$106.1M-17.0%	$108.3M-5.6%	$112.6M-3.2%	$121.4M+6.2%	$127.8M+12.7%	$114.6M-4.7%	$116.4M-38.4%	$114.2M-40.4%
Current Assets	$32.4M-36.9%	$32.5M-17.0%	$35.6M-11.4%	$44.6M+18.0%	$51.4M+45.4%	$39.1M-9.3%	$40.2M-55.5%	$37.8M-55.0%
Cash & Equivalents	$11.2M+65.0%	$11.2M+287.0%	$10.3M+137.0%	$12.5M+116.9%	$6.8M+11.3%	$2.9M-27.5%	$4.4M-53.0%	$5.8M-20.8%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Accounts Receivable	$18.5M-53.9%	$18.1M-42.5%	$22.3M-28.4%	$26.2M+1.3%	$40.1M+76.6%	$31.6M+19.3%	$31.1M-1.8%	$25.9M-31.9%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%	$42.6M0.0%
Total Liabilities	$113.7M-21.6%	$115.7M-51.9%	$117.4M-52.4%	$131.6M-47.7%	$144.9M-46.4%	$240.6M-10.8%	$246.5M-0.5%	$251.5M+0.3%
Current Liabilities	$13.7M-51.6%	$15.5M-87.1%	$17.0M-86.1%	$17.8M-92.8%	$28.2M-89.4%	$119.8M-55.3%	$122.3M-48.2%	$247.4M+62.3%
Non-Current Liabilities	$100.0M-14.3%	$100.2M-17.1%	$100.4M-19.2%	$113.8M+2670.9%	$116.7M+3272.7%	$120.8M+7965.8%	$124.3M+963.5%	$4.1M-95.8%
Long-Term Debt	$97.6M-11.7%	$97.6M-11.7%	$97.6M-11.6%	$110.5M+7.9%	$110.5M+7.9%	$110.5M+7.9%	$110.4M+7.9%	$102.4M+24.3%
Total Equity	-$7.5M+56.4%	-$7.4M+94.1%	-$4.8M+96.3%	-$10.4M+92.4%	-$17.3M+89.0%	-$126.1M+15.7%	-$130.3M-120.9%	-$137.5M-132.0%
Retained Earnings	-$357.3M+2.6%	-$357.2M+24.9%	-$354.5M+26.0%	-$359.8M+26.0%	-$366.7M+25.2%	-$475.3M+1.4%	-$479.4M-26.6%	-$486.2M-30.3%

Not reported in any period shown, so not listed: Inventory.

AREN Cash Flow Statement

AREN quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Depreciation & Amortization	N/A	$3.5M-6.3%	$3.7M-12.7%	$4.2M+391.1%	$864K-25.0%	$1.2M-92.9%	$16.3M+257.7%	$4.6M+6937.2%	$65K-87.7%	$525K+134443.8%	$390	N/A	N/A	N/A	N/A	N/A
Stock-Based Compensation	N/A	$485K-84.0%	$3.0M-84.1%	$19.1M-39.2%	$31.3M+2.8%	$30.5M+108.3%	$14.6M+41.3%	$10.4M+138.8%	$4.3M+167.0%	$1.6M	N/A	$50K0.0%	$50K-11.1%	$56K-10.0%	$63K-9.1%	$69K
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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$90K-99.1%	$2.0M-46.5%	$13.1M+253.1%	$12.2M+618.4%	$10.3M+422.5%	$3.7M+286.4%	-$8.6M-241.8%	-$2.3M+60.0%
Depreciation & Amortization	$908K+3.1%	$893K+0.3%	$821K-8.7%	$877K-3.1%	$881K-3.5%	$890K-9.8%	$899K-12.5%	$905K-14.2%
Stock-Based Compensation	$45K-70.2%	$64K-64.8%	N/A	$86K-88.3%	$151K-69.7%	$182K-87.5%	N/A	$732K
Capital Expenditures	N/A	N/A	$0	$0-100.0%	N/A	N/A	$0	$27K
Free Cash Flow	N/A	N/A	$13.1M+253.1%	$12.2M+612.5%	N/A	N/A	-$8.6M	-$2.4M
Investing Cash Flow	-$150K+92.2%	-$1.1M+33.9%	-$2.3M+2.4%	-$3.7M-186.6%	-$1.9M-141.2%	-$1.6M-126.9%	-$2.4M-1023.9%	-$1.3M-56.5%
Financing Cash Flow	$0+100.0%	$0+100.0%	-$13.0M-236.7%	-$2.7M-179.7%	-$4.5M-174.2%	-$3.5M-34.6%	$9.5M+124.1%	$3.3M-58.2%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

AREN Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

AREN quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
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
Asset Turnover	1.20+0.1x	1.08+0.3x	0.76-0.3x	1.080.0x	1.09+0.5x	0.60+0.3x	0.27+0.1x	0.15+0.1x	0.01	N/A	N/A	N/A	N/A	N/A	N/A
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

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	39.1%-17.4pp	34.7%-14.6pp	43.6%-9.0pp	50.2%-0.5pp	56.5%+17.1pp	49.3%+18.4pp	52.6%+12.4pp	50.6%+12.9pp
Operating Margin	10.3%-26.2pp	-1.5%-24.6pp	26.6%-1.9pp	31.9%+7.9pp	36.5%+45.9pp	23.1%+50.6pp	28.5%+21.6pp	24.0%+36.1pp
Net Margin	-0.8%	-13.0%-25.7pp	18.9%-0.1pp	23.1%+11.3pp	241.4%	12.6%	19.0%+31.6pp	11.8%+42.0pp
Return on Assets	-0.2%-85.2pp	-2.5%-6.0pp	4.7%-1.2pp	5.7%+2.2pp	85.0%+92.2pp	3.5%+89.4pp	5.9%+8.8pp	3.5%+9.3pp
Current Ratio	2.37+0.6x	2.10+1.8x	2.10+1.8x	2.51+2.4x	1.82+1.7x	0.33+0.2x	0.33-0.1x	0.15-0.4x
Asset Turnover	0.21-0.1x	0.19-0.1x	0.25-0.1x	0.250.0x	0.35+0.1x	0.280.0x	0.31+0.1x	0.29+0.1x
FCF Margin	N/A	N/A	46.4%+70.1pp	40.9%+47.9pp	N/A	N/A	-23.6%	-7.1%

Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.

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: Net 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

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
The Arena Group Holdings, Inc. AREN	FY2025	$134.8M	$124.9M	92.6%	$53.3M	44/100
Eventbrite, Inc. EB	FY2025	$291.8M	-$10.5M	-3.6%	$453.0M	38/100
DouYu International Holdings Limited DOYU	FY2025	$546.1M	-$4.2M	-0.8%	$119.8M	35/100
Cheetah Mobile Inc. CMCM	FY2025	$164.5M	-$36.9M	-22.4%	$77.0M	33/100
TrueCar, Inc. TRUE	FY2024	$175.6M	-$31.0M	-17.7%	$225.9M	64/100

Where The Arena Group Holdings, Inc. Ranks

Frequently Asked Questions

What is The Arena Group Holdings, Inc.'s annual revenue?

The Arena Group Holdings, Inc. (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, Inc.'s revenue growing?

The Arena Group Holdings, Inc. (AREN) revenue grew by 7.1% year-over-year, from $125.9M to $134.8M in fiscal year 2025.

Is The Arena Group Holdings, Inc. profitable?

Yes, The Arena Group Holdings, Inc. (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, Inc.'s EBITDA?

The Arena Group Holdings, Inc. (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, Inc. have?

As of fiscal year 2025, The Arena Group Holdings, Inc. (AREN) had $10.3M in cash and equivalents against $97.6M in long-term debt.

What is The Arena Group Holdings, Inc.'s gross margin?

The Arena Group Holdings, Inc. (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, Inc.'s operating margin?

The Arena Group Holdings, Inc. (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, Inc.'s net profit margin?

The Arena Group Holdings, Inc. (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, Inc.'s free cash flow?

The Arena Group Holdings, Inc. (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, Inc.'s operating cash flow?

The Arena Group Holdings, Inc. (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, Inc.'s total assets?

The Arena Group Holdings, Inc. (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, Inc.'s capital expenditures?

The Arena Group Holdings, Inc. (AREN) reported no capital expenditure during fiscal year 2025.

How many shares does The Arena Group Holdings, Inc. have outstanding?

The Arena Group Holdings, Inc. (AREN) had 48M shares outstanding as of fiscal year 2025.

What is The Arena Group Holdings, Inc.'s current ratio?

The Arena Group Holdings, Inc. (AREN) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.

What is The Arena Group Holdings, Inc.'s return on assets (ROA)?

The Arena Group Holdings, Inc. (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, Inc.'s debt-to-equity ratio negative or not reported?

The Arena Group Holdings, Inc. (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, Inc.'s Altman Z-Score?

The Arena Group Holdings, Inc. (AREN) has an Altman Z-Score of -1.54, 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, Inc.'s Piotroski F-Score?

The Arena Group Holdings, Inc. (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, Inc.'s earnings high quality?

The Arena Group Holdings, Inc. (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, Inc. cover its interest payments?

The Arena Group Holdings, Inc. (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, Inc.?

The Arena Group Holdings, Inc. (AREN) scores 44 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.