---
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"
generated_at: "2026-05-15T12:15:52.766035+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Arena Group achieves first full year of positive net income in FY 2025

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-010267
- JSON: https://secwatch.observer/filing/0001493152-26-010267.json
- Plain text: https://secwatch.observer/filing/0001493152-26-010267.txt

## Key facts
- Earnings Releases
  Arena Group Holdings, Inc. reported the quarter and year ended December 31, 2025 results: revenue $28.2 million, net income $5.3 million.
  - Period: the quarter and year ended December 31, 2025
  - Revenue: $28.2 million
  - Net income: $5.3 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/894871/000149315226010267/0001493152-26-010267-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.