Arena Group Holdings, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
PAAI$0.74-17.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations (Unaudited) - Ended and
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $29,760 | $33,555 | $106,587 | $89,679 |
| Cost of revenue (includes amortization of platform development and developed technology for the three months ended September 30, 2025 and 2024 of $1,444 and $1,474, respectively, and for the nine months ended September 30, 2025 and 2024 of $3,828 and $4,530, respectively) | 14,833 | 16,562 | 50,556 | 53,035 |
| Gross profit | 14,927 | 16,993 | 56,031 | 36,644 |
| Operating expenses | ||||
| Selling and marketing | 1,342 | 2,011 | 5,418 | 10,326 |
| General and administrative | 3,213 | 6,023 | 14,696 | 24,790 |
| Depreciation and amortization | 877 | 905 | 2,648 | 2,805 |
| Loss on impairment of assets | — | — | — | 1,198 |
| Total operating expenses | 5,432 | 8,939 | 22,762 | 39,119 |
| Income (loss) from operations | 9,495 | 8,054 | 33,269 | (2,475) |
| Other (expense) income | ||||
| Change in valuation of contingent consideration | — | — | — | (313) |
| Interest expense, net | (2,857) | (3,159) | (8,806) | (11,747) |
| Liquidated damages | (77) | (77) | (228) | (229) |
| Total other expense | (2,934) | (3,236) | (9,034) | (12,289) |
| Income (loss) before income taxes | 6,561 | 4,818 | 24,235 | (14,764) |
| Income tax (provision) benefit | 304 | (40) | (961) | (116) |
| Income (loss) from continuing operations | 6,865 | 4,778 | 23,274 | (14,880) |
| Income (loss) from discontinued operations, net of tax | — | (822) | 96,250 | (92,709) |
| Net income (loss) | $6,865 | $3,956 | $119,524 | $(107,589) |
| Basic net income (loss) per common share (Note 1) | ||||
| Continuing operations | $0.14 | $0.13 | $0.49 | $(0.48) |
| Discontinued operations | — | (0.02) | 2.03 | (2.96) |
| Basic net income (loss) per common share | $0.14 | $0.11 | $2.52 | $(3.44) |
| Diluted net income (loss) per common share (Note 1) | ||||
| Continuing operations | $0.14 | $0.13 | $0.49 | $(0.48) |
| Discontinued operations | — | (0.02) | 2.02 | (2.96) |
| Diluted net income (loss) per common share | $0.14 | $0.11 | $2.51 | $(3.44) |
| Weighted average number of common shares outstanding (Note 1) | ||||
| Basic | 47,392,059 | 37,610,058 | 47,387,929 | 31,291,641 |
| Diluted | 47,695,194 | 37,610,058 | 47,578,619 | 31,291,641 |
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