Arena Group Holdings, Inc.
ARENNYSECommunication Services · Cable & Other Pay Television Services · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $134.8M | $125.9M | $143.6M | $220.9M | $189.1M | $128.0M |
| Operating income | $40.8M | $7.9M | −$17.5M | −$55.9M | −$84.3M | −$71.2M |
| Net income | $124.9M | −$100.7M | −$55.6M | −$70.9M | −$89.9M | −$89.2M |
| Total assets | $112.6M | $116.4M | $188.9M | $203.7M | $174.0M | $214.2M |
| Total liabilities | $117.4M | $246.5M | $247.7M | $242.7M | $211.8M | $216.1M |
| Equity | −$4.8M | −$130.3M | −$59.0M | −$52.1M | −$51.7M | −$20.3M |
| EPS (diluted) | $2.62 | $-2.85 | $-2.49 | $-4.02 | $-7.87 | — |
| Shares out. | 47.6M | 29.8M | 18.8M | 17.4M | 263.4M | 175.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- 30.3%
- Net margin
- 92.6%
- Return on equity
- −2587.7%
- Return on assets
- 110.9%
- Return on capital (ROCE)
- 42.7%
- Liabilities / assets
- 104.3%
- Debt / equity
- —
- Book value / share
- $-0.10
- Revenue growth (YoY)
- 7.1%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -6.79distress
- Accruals / assets
- 76.0%high accruals
- Beneish M-Score
- 1.03elevated
- Piotroski F-Score
- 7/9strong
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 3 severe● 3 warning● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- High leverage (liabilities > 70% of assets)
- High accruals — earnings-quality risk
- Beneish M-Score elevated — earnings-manipulation screen flag
- Operating margin is positive
- Revenue is growing year-over-year
- Positive operating cash flow
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 31, 2025
- NT 10-Qmissed a reporting deadline ↗Aug 14, 2024
- NT 10-Qmissed a reporting deadline ↗May 15, 2024
- NT 10-Qmissed a reporting deadline ↗Nov 8, 2023
- NT 10-Qmissed a reporting deadline ↗Aug 8, 2023
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2023
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- 180 Degree Capital Corp. /Ny/Passive (13G)Feb 14, 2025
- Simplify Inventions, LlcActivist (13D)Dec 27, 2024
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 665,604 | 6.7 | +4.6% |
| Apr 30, 2026 | 636,217 | 7.7 | -6.4% |
| Apr 15, 2026 | 679,530 | 6.5 | +6.3% |
| Mar 31, 2026 | 639,072 | 6.9 | +6.2% |
| Mar 13, 2026 | 601,713 | 15.8 | +0.3% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operationsMay 11, 2026
- Results of operationsMar 17, 2026
- Results of operationsMar 16, 2026
- Entered a material agreement · New financial obligation · Other material eventJan 7, 2026
- Shareholder voteDec 18, 2025
- Results of operationsNov 19, 2025
- Results of operationsNov 13, 2025
- Regulation FD disclosureOct 17, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.