{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-010267","form_type":"8-K","ticker":"AREN","cik":"0000894871","company_name":"Arena Group Holdings, Inc.","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.978882+00:00","generated_at":"2026-05-15T12:15:52.766035+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Arena Group achieves first full year of positive net income in FY 2025","bullets":["FY 2025 revenue $134.8M (up from $125.9M); net income $124.9M vs loss $100.7M in 2024.","Adjusted EBITDA improved to $51.5M (38.2% margin) from $27.0M (21.4%) in 2024.","Retired $23.5M of debt, reducing leverage from 4.5x to 1.89x; cash balance grew to $10.3M.","Q4 2025 revenue $28.2M (down 22% YoY), net income $5.3M, Adjusted EBITDA $10.1M (35.8% margin).","Non-advertising revenue grew triple-digits; advertising fell to 64% of total revenue from 74%."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-010267","json":"https://secwatch.observer/filing/0001493152-26-010267.json","markdown":"https://secwatch.observer/filing/0001493152-26-010267.md","text":"https://secwatch.observer/filing/0001493152-26-010267.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010267/0001493152-26-010267-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010267/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T12:15:52.766035+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e7c060b226d5d843f181fe51f776a8b0d20b63f3","claim":"Arena Group Holdings, Inc. reported the quarter and year ended December 31, 2025 results: revenue $28.2 million, net income $5.3 million.","evidence_excerpt":"for the three months ending December 31, 2025 (“Q4 2025”) and the year ended December 31, 2025 (“FY 2025”). Financial Highlights for Q4 2025: ● Fourth quarter revenue was $28.2 million, compared to $36.2 million in Q4 2024. Despite this reduction in revenue, gross margin was a robust 43.6% in Q4 2025, compared to 52.8% in Q4 2024, demonstrating the resilience","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/894871/000149315226010267/0001493152-26-010267-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2025"},{"label":"Revenue","value":"$28.2 million"},{"label":"Net income","value":"$5.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}