Arena Group Holdings, Inc.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

About this filing

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

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Contents

Condensed Consolidated Statements of Stockholders’ Deficiency (Unaudited) - Ended and

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIENCY(Unaudited)

Three and Nine Months Ended September 30, 2025

Common Stock · Common To Be Issued
	Shares	Par Value	Shares	Par value	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Deficiency
Balance at July 1 , 2025	47,564,607	$475	2,701	$—	$348,901	$(366,704)	$(17,328)
Issuance of common stock for restricted stock units	13,695	—	—	—	—	—	—
Common stock withheld for taxes	(2,026)	—	—	—	(12)	—	(12)
Issuance of common stock upon exercise of stock options	2,209	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	85	—	85
Net income (loss)	—	—	—	—	—	6,865	6,865
Balance at September 30 , 2025	47,578,485	$475	2,701	$—	$348,974	$(359,839)	$(10,390)

Common Stock · Common To Be Issued
	Shares	Par Value	Shares	Par value	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Deficiency
Balance at January 1 , 2025	47,556,267	$475	2,701	$—	$348,560	$(479,363)	$(130,328)
Issuance of common stock for restricted stock units	26,193	—	—	—	—	—	—
Common stock withheld for taxes	(6,901)	—	—	—	(28)	—	(28)
Issuance of common stock upon exercise of stock options	2,926	—	—	—	—	—	—
Stock-based compensation	—	—	—	—	442	—	442
Net income (loss)	—	—	—	—	—	119,524	119,524
Balance at September 30 , 2025	47,578,485	$475	2,701	$—	$348,974	$(359,839)	$(10,390)

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIENCY(Unaudited)

Three and Nine Months Ended September 30, 2024

Common Stock · Common To Be Issued
	Shares	Par Value	Shares	Par value	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Deficiency
Balance at July 1, 2024	29,573,932	$295	2,701	$—	$332,702	$(490,198)	$(157,201)
Issuance of common stock in connection with exchange of debt	17,797,817	178	—	—	14,822	—	15,000
Issuance of common stock for restricted stock units	89,119	1	—	—	(1)	—	—
Common stock withheld for taxes	(12,821)	—	—	—	(11)	—	(11)
Stock-based compensation	—	—	—	—	777	—	777
Net income (loss)	—	—	—	—	—	3,956	3,956
Balance at September 30, 2024	47,448,047	$474	2,701	$—	$348,289	$(486,242)	$(137,479)

Common Stock · Common To Be Issued
	Shares	Par Value	Shares	Par value	Additional Paid-in Capital	Accumulated Deficit	Total Stockholders' Deficiency
Balance at January 1 , 2024	23,836,706	$237	2,701	$—	$319,421	$(378,653)	$(58,995)
Issuance of common stock in connection with exchange of debt	17,797,817	178	—	—	14,822	—	15,000
Issuance of common stock in connection with private placement	5,555,555	56	—	—	11,944	—	12,000
Issuance of common stock for restricted stock units	836,259	9	—	—	(9)	—	—
Common stock withheld for taxes	(303,598)	(3)	—	—	(494)	—	(497)
Repurchase of common stock for Fexy put option	(274,692)	(3)	—	—	(376)	—	(379)
Stock-based compensation	—	—	—	—	2,981	—	2,981
Net income (loss)	—	—	—	—	—	(107,589)	(107,589)
Balance at September 30, 2024	47,448,047	$474	2,701	$—	$348,289	$(486,242)	$(137,479)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.