The Arena Group Holdings, Inc. (AREN) 10-Year Financial Performance & Capital Metrics

AREN •

Communication ServicesInternet ServicesDigital Media Publishers and Audio

AboutThe Arena Group Holdings, Inc., together with its subsidiaries, operates digital media platform the United States and internationally. The company offers the Platform, a proprietary online publishing platform comprising publishing tools, video platforms, social distribution channels, newsletter technology, machine learning content recommendations, notifications, and other technology. The company was formerly known as TheMaven, Inc. and changed its name to The Arena Group Holdings, Inc. in February 2022. The Arena Group Holdings, Inc. was incorporated in 1990 and is based in New York, New York.Show more

Revenue $126M -12.3%
EBITDA $18M +232.9%
Net Income -$101M -81.2%
EPS (Diluted) -2.85 -14.5%
Gross Margin 44.25% +15.0%
EBITDA Margin 13.95% +251.6%
Operating Margin 6.25% +151.4%
Net Margin -79.99% -106.7%
ROE -
ROIC 22.6% +198.4%
Debt/Equity -
Interest Coverage 0.54 +155.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.7%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 58.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y18.74%

3Y-12.69%

TTM6.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM211.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM161.59%

ROCE

10Y Avg-93.83%

5Y Avg-83.48%

3Y Avg-83.05%

Latest22.6%

Peer Comparison

Digital Media Publishers and Audio

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPOTSpotify Technology S.A.	105.99B	514.94	43.27	5.33%	12.84%	26.44%	3.09%	0.28
TMETencent Music Entertainment Group	10.34B	14.60	23.62	2.34%	34.08%	12.65%	13.03%	0.09
NAMIJinxin Technology Holding Company American Depositary Shares	508.47M	0.44	4.15	7%	4.99%	94.83%		0.03
KRKR36Kr Holdings Inc.	3.19B	3.56	-0.30	-32.08%	-26.64%	-34.61%		0.25
BZFDBuzzFeed, Inc.	1.03M	0.76	-0.84	-24.85%	0.06%	0.14%		0.59
ARENThe Arena Group Holdings, Inc.	137.44M	2.89	-1.01	-12.34%	88.51%
ONFOOnfolio Holdings, Inc.	2.51M	0.49	-1.20	50.04%	-17.18%	-51.71%		0.60
FENGPhoenix New Media Limited	552.15M	1.74	-2.68	1.69%	-6.38%	-4.56%		0.05

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	77K	5.7M	53.34M	128.03M	189.14M	220.94M	143.63M	125.91M
Revenue Growth %	-	-	-	7303.34%	835.81%	140.02%	47.73%	16.81%	-34.99%	-12.34%
Cost of Goods Sold+	0	390	1.59M	7.64M	47.3M	103.06M	110.53M	132.92M	88.36M	70.19M
COGS % of Revenue	-	-	2065.9%	134.06%	88.67%	80.5%	58.44%	60.16%	61.52%	55.75%
Gross Profit+	0	-390	-1.51M	-1.94M	6.04M	24.97M	78.61M	88.01M	55.27M	55.72M
Gross Margin %	-	-	-1965.9%	-34.06%	11.33%	19.5%	41.56%	39.84%	38.48%	44.25%
Gross Profit Growth %	-	-	-388013.08%	-28.27%	411.21%	313.25%	214.83%	11.96%	-37.2%	0.81%
Operating Expenses+	225.71K	2.18M	4.84M	12.07M	46.85M	95.88M	162.89M	143.9M	72.73M	47.85M
OpEx % of Revenue	-	-	6280.53%	211.79%	87.83%	74.88%	86.12%	65.13%	50.64%	38%
Selling, General & Admin	225.71K	1.77M	4.72M	12.01M	42.3M	79.6M	137.54M	124.54M	66.89M	42.95M
SG&A % of Revenue	-	-	6131.34%	210.65%	79.3%	62.17%	72.72%	56.37%	46.57%	34.11%
Research & Development	0	411.74K	114.87K	1.18M	6.19M	8.55M	0	9.46M	8.78M	0
R&D % of Revenue	-	-	149.2%	20.7%	11.61%	6.68%	-	4.28%	6.11%	-
Other Operating Expenses	0	0	0	-3.37M	-1.64M	7.73M	25.35M	9.9M	-2.94M	4.9M
Operating Income+	-225.71K	-2.18M	-6.35M	-14.01M	-40.81M	-70.91M	-84.28M	-55.88M	-17.46M	7.87M
Operating Margin %	-	-	-8246.43%	-245.85%	-76.5%	-55.38%	-44.56%	-25.29%	-12.16%	6.25%
Operating Income Growth %	11.29%	-867.59%	-190.73%	-120.71%	-191.21%	-73.75%	-18.86%	33.69%	68.76%	145.07%
EBITDA+	-222.76K	-2.18M	-5.82M	-11.55M	-30.07M	-46.08M	-59.1M	-34.6M	-13.22M	17.56M
EBITDA Margin %	-	-	-7564.93%	-202.7%	-56.36%	-35.99%	-31.25%	-15.66%	-9.2%	13.95%
EBITDA Growth %	10%	-880.22%	-166.75%	-98.37%	-160.22%	-53.25%	-28.28%	41.47%	61.8%	232.87%
D&A (Non-Cash Add-back)	2.95K	390	524.72K	2.46M	10.74M	24.83M	25.17M	21.29M	4.24M	9.69M
EBIT	-196.34K	-2.19M	-6.28M	-24.75M	-47.58M	-72.52M	-81.17M	-55.14M	-16.92M	7.25M
Net Interest Income+	0	0	411	-2.49M	-10.45M	-16.12M	-10.45M	-11.43M	-17.96M	-14.67M
Interest Income	32.31K	26.82K	411	22.26K	13.98K	381.03K	6.48K	0	0	0
Interest Expense	32.31K	0	0	2.51M	10.46M	16.5M	10.45M	11.43M	17.96M	14.67M
Other Income/Expense	29.37K	-3.85K	65.03K	-12.15M	-17.23M	-18.11M	-7.33M	-12.57M	-19.56M	-15.29M
Pretax Income+	-196.34K	-2.19M	-6.28M	-26.16M	-58.04M	-89.02M	-91.61M	-68.45M	-37.02M	-7.42M
Pretax Margin %	-	-	-8161.98%	-458.92%	-108.81%	-69.53%	-48.44%	-30.98%	-25.77%	-5.89%
Income Tax+	800	0	0	-91.63K	-19.54M	210.83K	-1.67M	-1.06M	197K	249K
Effective Tax Rate %	100.41%	100%	100%	99.65%	66.33%	100.24%	98.17%	103.52%	150.15%	1357.64%
Net Income+	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-70.86M	-55.58M	-100.71M
Net Margin %	-	-	-8161.98%	-457.32%	-72.18%	-69.69%	-47.55%	-32.07%	-38.7%	-79.99%
Net Income Growth %	16.38%	-1009.76%	-187.25%	-314.81%	-47.7%	-131.76%	-0.79%	21.22%	21.56%	-81.19%
Net Income (Continuing)	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-67.39M	-37.22M	-7.67M
Discontinued Operations	0	0	0	0	0	0	0	-3.47M	-18.37M	-93.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-5.08	-9.27	-21.95	-22.84	-50.18	-7.87	-4.02	-2.49	-2.85
EPS Growth %	20.34%	-980.85%	-82.48%	-136.79%	-4.05%	-119.7%	84.32%	48.92%	38.06%	-14.46%
EPS (Basic)	-0.47	-14.35	-9.27	-21.95	-22.84	-50.18	-7.87	-4.02	-2.49	-2.85
Diluted Shares Outstanding	415.87K	430.81K	678.15K	1.19M	1.69M	2.09M	11.43M	17.63M	22.32M	35.41M
Basic Shares Outstanding	415.86K	152.42K	678.15K	1.19M	1.69M	2.09M	11.43M	17.63M	22.32M	35.41M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.35M	719.88K	3.86M	9.53M	45.02M	73.85M	77.67M	78.69M	90.4M	40.23M
Cash & Short-Term Investments	2.32M	598.29K	619.25K	2.41M	9.47M	9.03M	9.35M	13.87M	9.28M	4.36M
Cash Only	545.71K	598.29K	619.25K	2.41M	9.47M	9.03M	9.35M	13.87M	9.28M	4.36M
Short-Term Investments	1.78M	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	53.2K	6.24M	16.99M	17.29M	22.81M	34.93M	31.88M	31.26M
Days Sales Outstanding	-	-	252.21	399.56	116.24	49.3	44.03	57.7	81.01	90.63
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	29.93K	0	3.01M	223.69K	15.1M	44.03M	42.04M	26.65M	46.33M	2.47M
Total Non-Current Assets+	0	567.8K	2.71M	27.62M	151.97M	140.36M	96.31M	125.02M	98.48M	76.12M
Property, Plant & Equipment	0	547.8K	2.69M	68.83K	10.53M	19.42M	1.16M	1.11M	504K	2.49M
Fixed Asset Turnover	-	-	0.03x	82.82x	5.06x	6.59x	162.49x	199.58x	284.98x	50.61x
Goodwill	0	0	0	7.32M	16.14M	16.14M	19.62M	39.34M	42.58M	42.58M
Intangible Assets	0	20K	2.65M	20.11M	91.4M	78.86M	66.66M	69.3M	36.18M	30.9M
Long-Term Investments	0	0	0	0	41.64K	0	0	0	0	0
Other Non-Current Assets	0	0	0	119.63K	33.85M	25.94M	8.87M	15.27M	19.22M	151K
Total Assets+	2.35M	1.29M	6.57M	37.16M	196.99M	214.2M	173.98M	203.72M	188.88M	116.35M
Asset Turnover	-	-	0.01x	0.15x	0.27x	0.60x	1.09x	1.08x	0.76x	1.08x
Asset Growth %	-6.09%	-45.25%	410.12%	465.68%	430.15%	8.74%	-18.78%	17.09%	-7.29%	-38.4%
Total Current Liabilities+	85.97K	346.33K	416.44K	21.85M	87.54M	107.56M	116.41M	216.36M	236.02M	122.26M
Accounts Payable	9.63K	154.36K	162.31K	4.94M	9.58M	8.23M	11.98M	12.86M	7.8M	4.84M
Days Payables Outstanding	-	144.47K	37.24	236.14	73.93	29.14	39.57	35.32	32.23	25.19
Short-Term Debt	0	0	0	1.42M	2.94M	7.18M	17.73M	114.58M	129.81M	0
Deferred Revenue (Current)	0	0	31.44K	396.41K	32.16M	61.63M	54.03M	58.7M	16.94M	6.35M
Other Current Liabilities	76.34K	137.18K	72.56K	8.75M	41.09M	5.18M	3.74M	1.97M	50.41M	96.62M
Current Ratio	27.35x	2.08x	9.27x	0.44x	0.51x	0.69x	0.67x	0.36x	0.38x	0.33x
Quick Ratio	27.35x	2.08x	9.27x	0.44x	0.51x	0.69x	0.67x	0.36x	0.38x	0.33x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	168.5K	168.5K	3.17M	8.29M	146.35M	108.54M	109.25M	39.5M	11.85M	124.42M
Long-Term Debt	0	0	0	7.58M	112.31M	62.19M	64.37M	0	0	121.09M
Capital Lease Obligations	0	0	0	0	2.62M	19.89M	785K	1.84M	0	1.96M
Deferred Tax Liabilities	0	0	0	-454.67K	0	210.83K	362K	465K	599K	802K
Other Non-Current Liabilities	168.5K	168.5K	3.17M	457.14K	242.31K	2.75M	28.45M	17.49M	10.71M	168K
Total Liabilities	254.47K	514.82K	3.58M	29.83M	233.89M	216.1M	225.66M	255.87M	247.87M	246.68M
Total Debt+	0	0	0	9M	117.87M	90.32M	83.26M	116.85M	131.49M	123.69M
Net Debt	-545.71K	-598.29K	-619.25K	6.59M	108.39M	81.28M	73.92M	102.98M	122.21M	119.33M
Debt / Equity	-	-	-	1.23x	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	7.04x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	6.80x
Interest Coverage	-6.98x	-	-	-5.59x	-3.90x	-4.30x	-8.06x	-4.89x	-0.97x	0.54x
Total Equity+	2.1M	772.86K	2.98M	7.33M	-36.9M	-1.9M	-51.68M	-52.15M	-58.99M	-130.33M
Equity Growth %	-6.66%	-63.15%	286.07%	145.58%	-603.57%	94.86%	-2623.47%	-0.91%	-13.13%	-120.91%
Book Value per Share	5.04	1.79	4.40	6.17	-21.89	-0.91	-4.52	-2.96	-2.64	-3.68
Total Shareholders' Equity	2.1M	772.86K	2.98M	7.33M	-36.9M	-1.9M	-51.68M	-52.15M	-58.99M	-130.33M
Common Stock	92.83K	220.47K	285.16K	357.69K	371.19K	104.13K	126K	182K	237K	475K
Retained Earnings	-62.53M	-2.19M	-8.47M	-34.54M	-73.04M	-162.27M	-252.21M	-323.07M	-378.65M	-479.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	5.3K	0	0	0	39.38K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-153.24K	-1.14M	-4.19M	-7.42M	-56.95M	-32.29M	-14.73M	-11.3M	-24.77M	-16.08M
Operating CF Margin %	-	-	-5447.62%	-130.13%	-106.77%	-25.22%	-7.79%	-5.12%	-17.25%	-12.77%
Operating CF Growth %	4.58%	-642.55%	-268.6%	-76.85%	-667.82%	43.3%	54.39%	23.25%	-119.14%	35.1%
Net Income	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-70.86M	-55.58M	-100.71M
Depreciation & Amortization	0	390	524.72K	2.46M	10.74M	24.83M	25.17M	27.11M	27.71M	12.09M
Stock-Based Compensation	50K	2.65M	1.63M	4.34M	10.36M	14.64M	30.49M	31.34M	19.06M	3.03M
Deferred Taxes	0	0	0	-91.63K	-19.54M	210.83K	-1.67M	-1.2M	134K	203K
Other Non-Cash Items	2.95K	1.01M	-64.61K	12.14M	14.03M	17.32M	15.45M	4.35M	8.55M	44.84M
Working Capital Changes	-9.05K	-71.33K	4.13K	-200.74K	-34.05M	-70.12K	5.77M	-2.05M	-24.64M	24.47M
Change in Receivables	0	0	-53.2K	-1.38M	-1.69M	362.46K	-3.88M	-2.04M	-11.6M	10.48M
Change in Inventory	0	0	32.09K	-546.72K	-39.88M	0	0	0	0	0
Change in Payables	-8.37K	116.17K	7.95K	1.63M	3.32M	-1.4M	3.75M	-6.54M	-2.66M	-3.73M
Cash from Investing+	156.73K	518.53K	-2.04M	-23.59M	-19.02M	-4.93M	-13.15M	-38.59M	-3.21M	-5.17M
Capital Expenditures	0	-428.82K	-2.04M	-2.19M	-2.69M	-1.21M	-377K	-530K	-3.77M	-54K
CapEx % of Revenue	-	-	2649%	38.38%	5.04%	0.95%	0.2%	0.24%	2.63%	0.04%
Acquisitions	0	0	0	-18.04M	-16.33M	-315.29K	-7.95M	-35.33M	-500K	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	2.23M	-1.98M	-3.37M	0	-3.4M	-4.82M	-5.18M	1.06M	-5.12M
Cash from Financing+	0	1.22M	9.25M	29.91M	82.92M	37.28M	28.19M	54.42M	22.89M	16.33M
Debt Issued (Net)	0	0	0	16.35M	54.28M	17.75M	9.89M	30.9M	13.52M	5.62M
Equity Issued (Net)	0	2.95K	1000K	1000K	-256.06K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	-256.06K	0	0	0	0	0
Other Financing	0	1.21M	3M	-159.21K	28.9M	-1.25M	-1.71M	-8.55M	-2.12M	-1.29M
Net Change in Cash	3.49K	598.29K	3.02M	-1.09M	6.95M	61.59K	316K	4.52M	-5.09M	-4.92M
Free Cash Flow+	-153.24K	-1.57M	-6.23M	-9.61M	-59.64M	-37.26M	-19.93M	-17.01M	-28.55M	-21.25M
FCF Margin %	-	-	-8096.62%	-168.51%	-111.81%	-29.1%	-10.53%	-7.7%	-19.87%	-16.88%
FCF Growth %	4.58%	-922.38%	-297.9%	-54.08%	-520.93%	37.53%	46.52%	14.61%	-67.78%	25.55%
FCF per Share	-0.37	-3.64	-9.19	-8.09	-35.39	-17.83	-1.74	-0.97	-1.28	-0.60
FCF Conversion (FCF/Net Income)	0.78x	0.52x	0.67x	0.28x	1.48x	0.36x	0.16x	0.16x	0.45x	0.16x
Interest Paid	0	0	0	0	0	645.68K	1.39M	9.53M	12.1M	17.84M
Taxes Paid	800	0	0	0	0	0	0	0	85K	85K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.08%	-152.45%	-334.57%	-505.62%	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-10.4%	-189.77%	-375.1%	-129.08%	-71.67%	-70.49%	-124.4%	-114.71%	-22.96%	22.6%
Gross Margin	-	-	-1965.9%	-34.06%	11.33%	19.5%	41.56%	39.84%	38.48%	44.25%
Net Margin	-	-	-8161.98%	-457.32%	-72.18%	-69.69%	-47.55%	-32.07%	-38.7%	-79.99%
Debt / Equity	-	-	-	1.23x	-	-	-	-	-	-
Interest Coverage	-6.98x	-	-	-5.59x	-3.90x	-4.30x	-8.06x	-4.89x	-0.97x	0.54x
FCF Conversion	0.78x	0.52x	0.67x	0.28x	1.48x	0.36x	0.16x	0.16x	0.45x	0.16x
Revenue Growth	-	-	-	7303.34%	835.81%	140.02%	47.73%	16.81%	-34.99%	-12.34%

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The Arena Group Holdings, Inc. (AREN) 10-Year Financial Performance & Capital Metrics

AREN •

Communication ServicesInternet ServicesDigital Media Publishers and Audio

Revenue $126M -12.3%
EBITDA $18M +232.9%
Net Income -$101M -81.2%
EPS (Diluted) -2.85 -14.5%
Gross Margin 44.25% +15.0%
EBITDA Margin 13.95% +251.6%
Operating Margin 6.25% +151.4%
Net Margin -79.99% -106.7%
ROE -
ROIC 22.6% +198.4%
Debt/Equity -
Interest Coverage 0.54 +155.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 18.7%
✓Efficient asset utilization: 1.1x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Weak momentum: RS Rating 10 (bottom 10%)
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 58.6% in last year
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y18.74%

3Y-12.69%

TTM6.72%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM211.72%

EPS CAGR

10Y-

5Y-

3Y-

TTM161.59%

ROCE

10Y Avg-93.83%

5Y Avg-83.48%

3Y Avg-83.05%

Latest22.6%

Peer Comparison

Digital Media Publishers and Audio

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SPOTSpotify Technology S.A.	105.99B	514.94	43.27	5.33%	12.84%	26.44%	3.09%	0.28
TMETencent Music Entertainment Group	10.34B	14.60	23.62	2.34%	34.08%	12.65%	13.03%	0.09
NAMIJinxin Technology Holding Company American Depositary Shares	508.47M	0.44	4.15	7%	4.99%	94.83%		0.03
KRKR36Kr Holdings Inc.	3.19B	3.56	-0.30	-32.08%	-26.64%	-34.61%		0.25
BZFDBuzzFeed, Inc.	1.03M	0.76	-0.84	-24.85%	0.06%	0.14%		0.59
ARENThe Arena Group Holdings, Inc.	137.44M	2.89	-1.01	-12.34%	88.51%
ONFOOnfolio Holdings, Inc.	2.51M	0.49	-1.20	50.04%	-17.18%	-51.71%		0.60
FENGPhoenix New Media Limited	552.15M	1.74	-2.68	1.69%	-6.38%	-4.56%		0.05

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	0	0	77K	5.7M	53.34M	128.03M	189.14M	220.94M	143.63M	125.91M
Revenue Growth %	-	-	-	7303.34%	835.81%	140.02%	47.73%	16.81%	-34.99%	-12.34%
Cost of Goods Sold+	0	390	1.59M	7.64M	47.3M	103.06M	110.53M	132.92M	88.36M	70.19M
COGS % of Revenue	-	-	2065.9%	134.06%	88.67%	80.5%	58.44%	60.16%	61.52%	55.75%
Gross Profit+	0	-390	-1.51M	-1.94M	6.04M	24.97M	78.61M	88.01M	55.27M	55.72M
Gross Margin %	-	-	-1965.9%	-34.06%	11.33%	19.5%	41.56%	39.84%	38.48%	44.25%
Gross Profit Growth %	-	-	-388013.08%	-28.27%	411.21%	313.25%	214.83%	11.96%	-37.2%	0.81%
Operating Expenses+	225.71K	2.18M	4.84M	12.07M	46.85M	95.88M	162.89M	143.9M	72.73M	47.85M
OpEx % of Revenue	-	-	6280.53%	211.79%	87.83%	74.88%	86.12%	65.13%	50.64%	38%
Selling, General & Admin	225.71K	1.77M	4.72M	12.01M	42.3M	79.6M	137.54M	124.54M	66.89M	42.95M
SG&A % of Revenue	-	-	6131.34%	210.65%	79.3%	62.17%	72.72%	56.37%	46.57%	34.11%
Research & Development	0	411.74K	114.87K	1.18M	6.19M	8.55M	0	9.46M	8.78M	0
R&D % of Revenue	-	-	149.2%	20.7%	11.61%	6.68%	-	4.28%	6.11%	-
Other Operating Expenses	0	0	0	-3.37M	-1.64M	7.73M	25.35M	9.9M	-2.94M	4.9M
Operating Income+	-225.71K	-2.18M	-6.35M	-14.01M	-40.81M	-70.91M	-84.28M	-55.88M	-17.46M	7.87M
Operating Margin %	-	-	-8246.43%	-245.85%	-76.5%	-55.38%	-44.56%	-25.29%	-12.16%	6.25%
Operating Income Growth %	11.29%	-867.59%	-190.73%	-120.71%	-191.21%	-73.75%	-18.86%	33.69%	68.76%	145.07%
EBITDA+	-222.76K	-2.18M	-5.82M	-11.55M	-30.07M	-46.08M	-59.1M	-34.6M	-13.22M	17.56M
EBITDA Margin %	-	-	-7564.93%	-202.7%	-56.36%	-35.99%	-31.25%	-15.66%	-9.2%	13.95%
EBITDA Growth %	10%	-880.22%	-166.75%	-98.37%	-160.22%	-53.25%	-28.28%	41.47%	61.8%	232.87%
D&A (Non-Cash Add-back)	2.95K	390	524.72K	2.46M	10.74M	24.83M	25.17M	21.29M	4.24M	9.69M
EBIT	-196.34K	-2.19M	-6.28M	-24.75M	-47.58M	-72.52M	-81.17M	-55.14M	-16.92M	7.25M
Net Interest Income+	0	0	411	-2.49M	-10.45M	-16.12M	-10.45M	-11.43M	-17.96M	-14.67M
Interest Income	32.31K	26.82K	411	22.26K	13.98K	381.03K	6.48K	0	0	0
Interest Expense	32.31K	0	0	2.51M	10.46M	16.5M	10.45M	11.43M	17.96M	14.67M
Other Income/Expense	29.37K	-3.85K	65.03K	-12.15M	-17.23M	-18.11M	-7.33M	-12.57M	-19.56M	-15.29M
Pretax Income+	-196.34K	-2.19M	-6.28M	-26.16M	-58.04M	-89.02M	-91.61M	-68.45M	-37.02M	-7.42M
Pretax Margin %	-	-	-8161.98%	-458.92%	-108.81%	-69.53%	-48.44%	-30.98%	-25.77%	-5.89%
Income Tax+	800	0	0	-91.63K	-19.54M	210.83K	-1.67M	-1.06M	197K	249K
Effective Tax Rate %	100.41%	100%	100%	99.65%	66.33%	100.24%	98.17%	103.52%	150.15%	1357.64%
Net Income+	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-70.86M	-55.58M	-100.71M
Net Margin %	-	-	-8161.98%	-457.32%	-72.18%	-69.69%	-47.55%	-32.07%	-38.7%	-79.99%
Net Income Growth %	16.38%	-1009.76%	-187.25%	-314.81%	-47.7%	-131.76%	-0.79%	21.22%	21.56%	-81.19%
Net Income (Continuing)	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-67.39M	-37.22M	-7.67M
Discontinued Operations	0	0	0	0	0	0	0	-3.47M	-18.37M	-93.04M
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-5.08	-9.27	-21.95	-22.84	-50.18	-7.87	-4.02	-2.49	-2.85
EPS Growth %	20.34%	-980.85%	-82.48%	-136.79%	-4.05%	-119.7%	84.32%	48.92%	38.06%	-14.46%
EPS (Basic)	-0.47	-14.35	-9.27	-21.95	-22.84	-50.18	-7.87	-4.02	-2.49	-2.85
Diluted Shares Outstanding	415.87K	430.81K	678.15K	1.19M	1.69M	2.09M	11.43M	17.63M	22.32M	35.41M
Basic Shares Outstanding	415.86K	152.42K	678.15K	1.19M	1.69M	2.09M	11.43M	17.63M	22.32M	35.41M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.35M	719.88K	3.86M	9.53M	45.02M	73.85M	77.67M	78.69M	90.4M	40.23M
Cash & Short-Term Investments	2.32M	598.29K	619.25K	2.41M	9.47M	9.03M	9.35M	13.87M	9.28M	4.36M
Cash Only	545.71K	598.29K	619.25K	2.41M	9.47M	9.03M	9.35M	13.87M	9.28M	4.36M
Short-Term Investments	1.78M	0	0	0	0	0	0	0	0	0
Accounts Receivable	0	0	53.2K	6.24M	16.99M	17.29M	22.81M	34.93M	31.88M	31.26M
Days Sales Outstanding	-	-	252.21	399.56	116.24	49.3	44.03	57.7	81.01	90.63
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	29.93K	0	3.01M	223.69K	15.1M	44.03M	42.04M	26.65M	46.33M	2.47M
Total Non-Current Assets+	0	567.8K	2.71M	27.62M	151.97M	140.36M	96.31M	125.02M	98.48M	76.12M
Property, Plant & Equipment	0	547.8K	2.69M	68.83K	10.53M	19.42M	1.16M	1.11M	504K	2.49M
Fixed Asset Turnover	-	-	0.03x	82.82x	5.06x	6.59x	162.49x	199.58x	284.98x	50.61x
Goodwill	0	0	0	7.32M	16.14M	16.14M	19.62M	39.34M	42.58M	42.58M
Intangible Assets	0	20K	2.65M	20.11M	91.4M	78.86M	66.66M	69.3M	36.18M	30.9M
Long-Term Investments	0	0	0	0	41.64K	0	0	0	0	0
Other Non-Current Assets	0	0	0	119.63K	33.85M	25.94M	8.87M	15.27M	19.22M	151K
Total Assets+	2.35M	1.29M	6.57M	37.16M	196.99M	214.2M	173.98M	203.72M	188.88M	116.35M
Asset Turnover	-	-	0.01x	0.15x	0.27x	0.60x	1.09x	1.08x	0.76x	1.08x
Asset Growth %	-6.09%	-45.25%	410.12%	465.68%	430.15%	8.74%	-18.78%	17.09%	-7.29%	-38.4%
Total Current Liabilities+	85.97K	346.33K	416.44K	21.85M	87.54M	107.56M	116.41M	216.36M	236.02M	122.26M
Accounts Payable	9.63K	154.36K	162.31K	4.94M	9.58M	8.23M	11.98M	12.86M	7.8M	4.84M
Days Payables Outstanding	-	144.47K	37.24	236.14	73.93	29.14	39.57	35.32	32.23	25.19
Short-Term Debt	0	0	0	1.42M	2.94M	7.18M	17.73M	114.58M	129.81M	0
Deferred Revenue (Current)	0	0	31.44K	396.41K	32.16M	61.63M	54.03M	58.7M	16.94M	6.35M
Other Current Liabilities	76.34K	137.18K	72.56K	8.75M	41.09M	5.18M	3.74M	1.97M	50.41M	96.62M
Current Ratio	27.35x	2.08x	9.27x	0.44x	0.51x	0.69x	0.67x	0.36x	0.38x	0.33x
Quick Ratio	27.35x	2.08x	9.27x	0.44x	0.51x	0.69x	0.67x	0.36x	0.38x	0.33x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	168.5K	168.5K	3.17M	8.29M	146.35M	108.54M	109.25M	39.5M	11.85M	124.42M
Long-Term Debt	0	0	0	7.58M	112.31M	62.19M	64.37M	0	0	121.09M
Capital Lease Obligations	0	0	0	0	2.62M	19.89M	785K	1.84M	0	1.96M
Deferred Tax Liabilities	0	0	0	-454.67K	0	210.83K	362K	465K	599K	802K
Other Non-Current Liabilities	168.5K	168.5K	3.17M	457.14K	242.31K	2.75M	28.45M	17.49M	10.71M	168K
Total Liabilities	254.47K	514.82K	3.58M	29.83M	233.89M	216.1M	225.66M	255.87M	247.87M	246.68M
Total Debt+	0	0	0	9M	117.87M	90.32M	83.26M	116.85M	131.49M	123.69M
Net Debt	-545.71K	-598.29K	-619.25K	6.59M	108.39M	81.28M	73.92M	102.98M	122.21M	119.33M
Debt / Equity	-	-	-	1.23x	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	7.04x
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	6.80x
Interest Coverage	-6.98x	-	-	-5.59x	-3.90x	-4.30x	-8.06x	-4.89x	-0.97x	0.54x
Total Equity+	2.1M	772.86K	2.98M	7.33M	-36.9M	-1.9M	-51.68M	-52.15M	-58.99M	-130.33M
Equity Growth %	-6.66%	-63.15%	286.07%	145.58%	-603.57%	94.86%	-2623.47%	-0.91%	-13.13%	-120.91%
Book Value per Share	5.04	1.79	4.40	6.17	-21.89	-0.91	-4.52	-2.96	-2.64	-3.68
Total Shareholders' Equity	2.1M	772.86K	2.98M	7.33M	-36.9M	-1.9M	-51.68M	-52.15M	-58.99M	-130.33M
Common Stock	92.83K	220.47K	285.16K	357.69K	371.19K	104.13K	126K	182K	237K	475K
Retained Earnings	-62.53M	-2.19M	-8.47M	-34.54M	-73.04M	-162.27M	-252.21M	-323.07M	-378.65M	-479.36M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	5.3K	0	0	0	39.38K	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-153.24K	-1.14M	-4.19M	-7.42M	-56.95M	-32.29M	-14.73M	-11.3M	-24.77M	-16.08M
Operating CF Margin %	-	-	-5447.62%	-130.13%	-106.77%	-25.22%	-7.79%	-5.12%	-17.25%	-12.77%
Operating CF Growth %	4.58%	-642.55%	-268.6%	-76.85%	-667.82%	43.3%	54.39%	23.25%	-119.14%	35.1%
Net Income	-197.14K	-2.19M	-6.28M	-26.07M	-38.5M	-89.23M	-89.94M	-70.86M	-55.58M	-100.71M
Depreciation & Amortization	0	390	524.72K	2.46M	10.74M	24.83M	25.17M	27.11M	27.71M	12.09M
Stock-Based Compensation	50K	2.65M	1.63M	4.34M	10.36M	14.64M	30.49M	31.34M	19.06M	3.03M
Deferred Taxes	0	0	0	-91.63K	-19.54M	210.83K	-1.67M	-1.2M	134K	203K
Other Non-Cash Items	2.95K	1.01M	-64.61K	12.14M	14.03M	17.32M	15.45M	4.35M	8.55M	44.84M
Working Capital Changes	-9.05K	-71.33K	4.13K	-200.74K	-34.05M	-70.12K	5.77M	-2.05M	-24.64M	24.47M
Change in Receivables	0	0	-53.2K	-1.38M	-1.69M	362.46K	-3.88M	-2.04M	-11.6M	10.48M
Change in Inventory	0	0	32.09K	-546.72K	-39.88M	0	0	0	0	0
Change in Payables	-8.37K	116.17K	7.95K	1.63M	3.32M	-1.4M	3.75M	-6.54M	-2.66M	-3.73M
Cash from Investing+	156.73K	518.53K	-2.04M	-23.59M	-19.02M	-4.93M	-13.15M	-38.59M	-3.21M	-5.17M
Capital Expenditures	0	-428.82K	-2.04M	-2.19M	-2.69M	-1.21M	-377K	-530K	-3.77M	-54K
CapEx % of Revenue	-	-	2649%	38.38%	5.04%	0.95%	0.2%	0.24%	2.63%	0.04%
Acquisitions	0	0	0	-18.04M	-16.33M	-315.29K	-7.95M	-35.33M	-500K	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	2.23M	-1.98M	-3.37M	0	-3.4M	-4.82M	-5.18M	1.06M	-5.12M
Cash from Financing+	0	1.22M	9.25M	29.91M	82.92M	37.28M	28.19M	54.42M	22.89M	16.33M
Debt Issued (Net)	0	0	0	16.35M	54.28M	17.75M	9.89M	30.9M	13.52M	5.62M
Equity Issued (Net)	0	2.95K	1000K	1000K	-256.06K	1000K	1000K	1000K	1000K	1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	-256.06K	0	0	0	0	0
Other Financing	0	1.21M	3M	-159.21K	28.9M	-1.25M	-1.71M	-8.55M	-2.12M	-1.29M
Net Change in Cash	3.49K	598.29K	3.02M	-1.09M	6.95M	61.59K	316K	4.52M	-5.09M	-4.92M
Free Cash Flow+	-153.24K	-1.57M	-6.23M	-9.61M	-59.64M	-37.26M	-19.93M	-17.01M	-28.55M	-21.25M
FCF Margin %	-	-	-8096.62%	-168.51%	-111.81%	-29.1%	-10.53%	-7.7%	-19.87%	-16.88%
FCF Growth %	4.58%	-922.38%	-297.9%	-54.08%	-520.93%	37.53%	46.52%	14.61%	-67.78%	25.55%
FCF per Share	-0.37	-3.64	-9.19	-8.09	-35.39	-17.83	-1.74	-0.97	-1.28	-0.60
FCF Conversion (FCF/Net Income)	0.78x	0.52x	0.67x	0.28x	1.48x	0.36x	0.16x	0.16x	0.45x	0.16x
Interest Paid	0	0	0	0	0	645.68K	1.39M	9.53M	12.1M	17.84M
Taxes Paid	800	0	0	0	0	0	0	0	85K	85K

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-9.08%	-152.45%	-334.57%	-505.62%	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-10.4%	-189.77%	-375.1%	-129.08%	-71.67%	-70.49%	-124.4%	-114.71%	-22.96%	22.6%
Gross Margin	-	-	-1965.9%	-34.06%	11.33%	19.5%	41.56%	39.84%	38.48%	44.25%
Net Margin	-	-	-8161.98%	-457.32%	-72.18%	-69.69%	-47.55%	-32.07%	-38.7%	-79.99%
Debt / Equity	-	-	-	1.23x	-	-	-	-	-	-
Interest Coverage	-6.98x	-	-	-5.59x	-3.90x	-4.30x	-8.06x	-4.89x	-0.97x	0.54x
FCF Conversion	0.78x	0.52x	0.67x	0.28x	1.48x	0.36x	0.16x	0.16x	0.45x	0.16x
Revenue Growth	-	-	-	7303.34%	835.81%	140.02%	47.73%	16.81%	-34.99%	-12.34%

The Arena Group Holdings, Inc. (AREN) 10-Year Financial Performance & Capital Metrics

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✓Strengths

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Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

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Dividend History

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Revenue History

Financial Ratios

The Arena Group Holdings, Inc. (AREN) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare AREN vs Peers

vs SPOT

vs TME

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios