Arena Group Holdings, Inc. (AREN) Financial Statements
Industry: Cable & Other Pay Television Services
In fiscal 2025, Arena reported revenue of $134.8M, up 698.2% from $16.9M the year before. Net income was $124.9M (a 92.6% net margin), or $2.62 per diluted share. Gross margin was 50.7% and operating margin was 30.3%. Operating activities generated $39.2M of cash. At fiscal year end, Arena held $112.6M in total assets against $117.4M in total liabilities, including $10.3M of cash and equivalents.
Open the full interactive Arena financials → Quarterly statements, key ratios, valuation history and price charts.
Arena Key Stats
| Share Price | $0.98 |
|---|---|
| Market Cap | $46.5M |
| P/E Ratio | 0.4 |
| Revenue YoY Growth | +698.2% |
| 52-Week Range | $0.81 – $5.78 |
| Shares Outstanding | 47.5 million (basic, 2026 Q2) |
Arena Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $128.0M | $189.1M | $13.3M | $244.2M | $16.9M | $134.8M |
| Gross Profit | $25.0M | $78.2M | $88.0M | $102.0M | $55.7M | $68.3M |
| Operating Income | -$70.9M | -$84.3M | -$55.9M | -$35.8M | $7.9M | $40.8M |
| Pre-Tax Income | -$89.0M | -$91.6M | -$68.5M | -$55.4M | -$7.4M | $29.1M |
| Income Tax | $210,832 | -$1.7M | -$1.1M | $222,000 | $249,000 | $520,000 |
| Net Income | -$89.2M | -$89.9M | -$70.9M | -$55.6M | -$100.7M | $124.9M |
| Diluted EPS | -$50.16 | -$7.87 | — | -$2.49 | -$2.85 | $2.62 |
Arena Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $29.8M | $28.2M | $20.4M | $22.2M |
| Net Income | $6.9M | $5.3M | -$2.7M | -$176,000 |
| Diluted EPS | $0.14 | $0.11 | -$0.06 | — |
Arena Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $9.0M | $9.3M | $13.9M | $9.3M | $4.4M | $10.3M |
| Current Assets | $73.8M | $77.7M | $78.7M | $90.4M | $40.2M | $35.6M |
| Total Assets | $214.2M | $174.0M | $203.7M | $188.9M | $116.4M | $112.6M |
| Current Liabilities | $107.6M | $116.4M | $216.4M | $236.0M | $122.3M | $17.0M |
| Total Long-Term Debt | $62.2M | $70.1M | $131.4M | $204.6M | $110.4M | $97.6M |
| Total Liabilities | $216.1M | $211.8M | $242.7M | $247.7M | $246.5M | $117.4M |
| Shareholders' Equity | -$20.3M | -$51.7M | -$52.1M | -$59.0M | -$130.3M | -$4.8M |
Arena Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | -$32.3M | -$14.7M | -$11.3M | -$24.8M | -$16.1M | $39.2M |
| Cash From Investing | -$4.9M | -$13.1M | -$38.6M | -$3.2M | -$5.2M | -$9.6M |
| Cash From Financing | $37.3M | $28.2M | $54.4M | $22.9M | $16.3M | -$23.7M |
| Free Cash Flow | -$33.5M | -$15.1M | -$11.8M | -$25.3M | -$16.1M | $39.2M |
Figures from Arena's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Arena financials page for every line item.
Arena Company Profile
| Ticker | AREN |
|---|---|
| Exchange | NYSE |
| Industry | Cable & Other Pay Television Services |
| Headquarters | New York, New York |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer, smaller reporting company |
| SEC CIK | 0000894871 |
Frequently Asked Questions
What was Arena's revenue in fiscal 2025?
Arena (AREN) reported revenue of $134.8M for fiscal 2025.
What is Arena's annual revenue history?
Arena's annual revenue by fiscal year: 2020: $128.0M; 2021: $189.1M; 2022: $13.3M; 2023: $244.2M; 2024: $16.9M; 2025: $134.8M.
What was Arena's net income in fiscal 2025?
Arena reported net income of $124.9M for fiscal 2025.
What was Arena's earnings per share (EPS) in fiscal 2025?
Arena's diluted EPS was $2.62 for fiscal 2025 (adjusted for any later stock splits).
What was Arena's revenue last quarter?
In its most recent reported quarter (2026 Q2), Arena reported revenue of $22.2M.
How much debt does Arena have?
Arena reported $97.6M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Arena are outstanding?
Arena reported a weighted average of 47.5 million basic shares outstanding in 2026 Q2.
What is Arena's market cap?
Based on its latest closing price, Arena (AREN) has a market capitalization of about $46.5M.
When does Arena's fiscal year end?
Arena's fiscal year end, as registered with the SEC, is December 31.
Where is Arena headquartered?
Arena lists its business address in New York, New York in its SEC filings.