Arena Group Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 16, 2026.
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FY2025 · Filed Mar 16, 2026
PAAI$0.74-17.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
CONSOLIDATED BALANCE SHEETS
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ($ in thousands, except share data) | ||
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $10,338 | $4,362 |
| Accounts receivable (net of allowances of $1,255 in 2025 and $1,458 in 2024) | 22,270 | 31,115 |
| Prepayments and other current assets | 3,022 | 4,757 |
| Total current assets | 35,630 | 40,234 |
| Property and equipment, net | 56 | 148 |
| Operating lease right-of-use assets | 2,031 | 2,340 |
| Platform development, net | 9,762 | 8,115 |
| Acquired and other intangible assets, net | 22,412 | 22,789 |
| Other long term assets | 137 | 151 |
| Goodwill | 42,575 | 42,575 |
| Total assets | $112,603 | $116,352 |
| Liabilities, mezzanine equity and stockholders’ deficiency | ||
| Current liabilities: | ||
| Accounts payable | $1,676 | $4,844 |
| Accrued expenses and other | 7,631 | 10,990 |
| Unearned revenue | 3,251 | 6,349 |
| Subscription and returns reserve liability | 508 | 430 |
| Operating lease liability, current portion | 402 | 254 |
| Liquidated damages payable | 3,535 | 3,230 |
| Current liabilities from discontinued operations | – | 96,159 |
| Total current liabilities | 17,003 | 122,256 |
| Unearned revenue, net of current portion | 43 | 403 |
| Operating lease liability, net of current portion | 2,071 | 1,964 |
| Deferred tax liabilities | 733 | 802 |
| Simplify loan | – | 10,651 |
| Term debt | 97,578 | 110,436 |
| Total liabilities | 117,428 | 246,512 |
| Commitments and contingencies (Note 24) | ||
| Mezzanine equity: | ||
| Series G redeemable and convertible preferred stock, $0.01 par value,$1,000 per share liquidation value and 1,800 shares designated; aggregate liquidation value: $– and $168; Series G shares issued and outstanding: – and 168 ; common shares issuable upon conversion: – and 8,582 at December 31, 2025 and December 31, 2024 | – | 168 |
| Total mezzanine equity | – | 168 |
| Stockholders' deficiency: | ||
| Common stock, $0.01 par value, authorized 1,000,000,000 shares; issued and outstanding: 47,594,930 and 47,556,267 shares at December 31, 2025 and December 31, 2024, respectively | 482 | 475 |
| Additional paid-in capital | 349,198 | 348,560 |
| Accumulated deficit | (354,505) | (479,363) |
| Total stockholders’ deficiency | (4,825) | (130,328) |
| Total liabilities, mezzanine equity and stockholders’ deficiency | $112,603 | $116,352 |
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