The Arena Group Holdings Inc
AREN—
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The Arena Group Holdings Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative equity (-10.4M) with 113M debt creates 93% debt/assets ratio - technically insolvent balance sheet[Common Stockholders Equity]
- Net margin 88.5% TTM vs industry median -1.3% driven by one-time items - normalized EBITDA only 11.9M[Net Margin TTM]
- Goodwill of 42.6M represents 35% of total assets on negative equity - impairment would deepen insolvency[Goodwill]
Watch Triggers
- Total Debt: Any refinancing announcement or covenant breach disclosure — 112M debt on negative equity makes capital structure unsustainable
- Total Revenue TTM: Quarterly revenue stabilization above 35M/quarter — 3Y revenue decline of -19.6% must reverse to service debt
- Free Cash Flow TTM: FCF exceeding 15M annually — Current 7.9M FCF insufficient vs 11.7M interest expense
Bull Case
Operating margin 30.5% TTM vs industry median -2.4% shows underlying business profitability if debt restructured
Operating Margin TTMEBITDA TTM
P/E of 5.3x vs industry median 16x offers deep value if net income normalizes above one-time gains
P/E RatioEPS TTM
Bear Case
Revenue declining -19.6% 3Y CAGR while carrying 113M debt on negative equity - structural distress signals
Total Revenue 3Y GrowthTotal DebtTotal Equity
Net income 126M vs normalized EBITDA 11.9M implies ~114M one-time gains - earnings quality extremely poor
Net Income TTMNormalized EBITDA As Reported
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Debt refinancing or equity raise required within 12-18 months given negative equity and 112M debt load
3-12mhigh
- Interest expense 11.7M TTM vs normalized EBITDA 11.9M
- FCF of 7.9M insufficient to service debt
- Negative tangible book value of -84.8M
Debt/EBITDA ~9.5x on normalized basisInterest coverage <1.1x on normalized EBITDACash only 12.5M vs 113M total debt
Valuation Context
Caveats
AREN Fundamentals
Information → Publishing Industries
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$126.06M | — | ||
$215.77M | — | ||
1.0 | — | ||
$134.83M | +7.1% | — | |
$2.62 | — | ||
30.3% | +23.1% | — | |
92.6% | +172.6% | — | |
$29.66M | — | ||
0% | — | ||
Beta 5Y (Monthly) | unknown | — |
AREN Dividend History
1 dividend
2019
$3.350008/06/19$3.3500
AREN Stock Splits
2 stock splits
02/09/2222:1 split
06/28/0710:1 split
AREN SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
03/16/26 | 12/31/25 | Unknown | |
11/13/25 | 09/30/25 | 10-Q | |
08/14/25 | 06/30/25 | 10-Q | |
05/15/25 | 03/31/25 | 10-Q | |
04/15/25 | 12/31/24 | Unknown | |
11/14/24 | 09/30/24 | 10-Q | |
08/19/24 | 06/30/24 | 10-Q | |
05/17/24 | 03/31/24 | 10-Q | |
04/01/24 | 12/31/23 | 10-K | |
11/14/23 | 09/30/23 | 10-Q | |
08/14/23 | 06/30/23 | 10-Q | |
05/10/23 | 03/31/23 | 10-Q | |
03/31/23 | 12/31/22 | 10-K | |
11/09/22 | 09/30/22 | 10-Q | |
08/09/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
04/01/22 | 12/31/21 | 10-K | |
11/15/21 | 09/30/21 | 10-Q | |
08/16/21 | 06/30/21 | 10-Q | |
08/16/21 | 03/31/21 | 10-Q | |
08/16/21 | 12/31/20 | 10-K | |
05/18/21 | 09/30/20 | 10-Q | |
05/12/21 | 06/30/20 | 10-Q | |
05/07/21 | 03/31/20 | 10-Q | |
04/09/21 | 12/31/19 | 10-K | |
05/18/21 | 09/30/19 | 10-Q | |
05/12/21 | 06/30/19 | 10-Q | |
05/07/21 | 03/31/19 | 10-Q | |
01/08/21 | 12/31/18 | 10-K | |
05/18/20 | 09/30/18 | 10-Q | |
09/28/18 | 06/30/18 | 10-Q | |
08/16/19 | 06/30/18 | 10-Q/A | |
06/27/18 | 03/31/18 | 10-Q | |
05/15/18 | 12/31/17 | 10-K | |
11/14/17 | 09/30/17 | 10-Q | |
08/16/19 | 06/30/17 | 10-Q/A | |
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03/31/10 | 12/31/09 | 10-K | |
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03/30/09 | 12/31/08 | 10-K | |
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04/07/08 | 12/31/07 | 10KSB | |
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05/21/04 | 12/31/03 | 10KSB | |
11/14/03 | 09/30/03 | 10QSB | |
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03/31/03 | 12/31/02 | 10KSB | |
11/13/02 | 09/30/02 | 10QSB | |
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03/28/02 | 12/31/01 | 10KSB | |
11/09/01 | 09/30/01 | 10QSB | |
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07/27/01 | 03/31/01 | 10QSB | |
06/27/01 | 12/31/00 | 10KSB | |
11/14/00 | 09/30/00 | 10-Q | |
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05/15/00 | 03/31/00 | 10QSB |