The Arena Group Holdings (AREN) Balance Sheet: Assets & Liabilities

The Arena Group Holdings (AREN) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), The Arena Group Holdings reported total assets of $112.60M and total liabilities of $117.43M. Shareholders' equity was negative at −$4.83M, meaning liabilities exceed assets. Total debt stood at $100.05M against $10.34M in cash and short-term investments, a net debt position of $89.71M.

The Arena Group Holdings Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for The Arena Group Holdings, Inc. (AREN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Current Assets
Cash and Cash Equivalents	10.34	4.36	4.36	9.28	13.87	9.35	9.03	9.47	2.41	0.62
Cash & Short-Term Investments	10.34	4.36	4.36	9.28	13.87	9.35	9.03	9.47	2.41	0.62
Accounts Receivable	22.27	31.26	31.12	31.88	34.93	22.81	17.29	16.99	6.24	0.05
Inventory	0.00	0.00	0.06	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	3.02	4.61	2.47	49.24	29.90	45.51	47.52	18.56	0.89	3.19
Total Current Assets	35.63	40.23	40.23	90.40	78.70	77.67	73.85	45.02	9.53	3.86
Non-Current Assets
Property, Plant & Equipment (Net)	2.09	2.49	2.49	0.50	1.11	1.16	19.42	10.53	0.07	2.69
Long-Term Investments	0.00	0.00	-	0.00	0.00	0.00	0.00	0.04	0.00	0.00
Goodwill	42.58	42.58	42.58	42.58	39.34	19.62	16.14	16.14	7.32	0.00
Intangible Assets	22.41	30.90	30.90	36.18	69.30	66.66	78.86	91.40	20.11	2.65
Other Non-Current Assets	9.90	0.15	0.15	19.22	15.27	8.87	25.94	33.85	0.12	0.00
Total Non-Current Assets	76.97	76.12	76.12	98.48	125.02	96.31	140.36	151.97	27.62	2.71
Total Assets	112.60	116.35	116.35	188.88	203.72	173.98	214.20	196.99	37.16	6.57
Current Liabilities
Accounts Payable	1.68	4.84	4.84	7.80	12.86	11.98	8.23	9.58	4.94	0.16
Short-Term Debt	0.40	0.64	-	131.49	115.01	18.11	8.24	2.94	1.72	0.00
Current Portion of Long-Term Debt	-	-	-	102.31	65.68	5.74	-	-	-	-
Accrued Liabilities	7.31	-	10.57	26.46	21.98	24.01	13.28	-	-	-
Deferred Revenue	3.25	6.35	6.35	16.94	58.70	54.03	61.63	32.16	0.40	0.03
Other Current Liabilities	11.67	110.42	96.19	79.79	29.15	31.52	28.41	42.06	14.78	0.22
Total Current Liabilities	17.00	122.26	122.26	236.02	216.36	116.41	107.56	87.54	21.85	0.42
Non-Current Liabilities
Long-Term Debt	99.65	123.05	121.09	0.00	1.84	65.16	82.08	114.93	7.58	0.00
Deferred Tax Liabilities	0.73	0.80	0.80	0.60	0.47	0.36	0.21	0.00	-0.45	0.00
Other Non-Current Liabilities	0.04	0.17	1.21	10.71	17.49	28.45	2.75	0.24	0.46	3.17
Total Non-Current Liabilities	100.43	124.42	124.42	11.85	39.50	109.25	108.54	146.35	8.29	3.17
Total Liabilities	117.43	246.68	246.68	247.87	255.87	225.66	216.10	233.89	29.83	3.58
Stockholders' Equity
Common Stock	0.48	0.48	0.48	0.24	0.18	0.13	0.10	0.37	0.36	0.29
Retained Earnings	-354.51	-479.36	-479.36	-378.65	-323.07	-252.21	-162.27	-73.04	-34.54	-8.47
Accumulated Other Comprehensive Income	0.00	0.00	-	0.00	0.00	0.00	0.00	0.04	0.00	0.00
Additional Paid-in Capital	349.20	348.56	348.56	319.42	270.74	186.52	141.86	35.56	23.46	11.17
Shares Outstanding	47.59	-	47.56	23.84	18.30	12.63	-	-	-	-
Total Stockholders' Equity	-4.83	-130.33	-130.33	-59.00	-52.15	-51.68	-1.90	-36.90	7.33	2.98
Total Liabilities & Equity	112.60	116.35	116.35	188.88	203.72	173.98	214.20	196.99	37.16	6.57

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About The Arena Group Holdings Balance Sheet

How much debt does The Arena Group Holdings have?

The Arena Group Holdings had total debt of $100.05M as of Dec 31, 2025, against $10.34M in cash and short-term investments. Total debt was $123.69M a year earlier.

What are The Arena Group Holdings's total assets?

The Arena Group Holdings reported total assets of $112.60M as of Dec 31, 2025, down 3.2% from $116.35M a year earlier. Total liabilities were $117.43M.

What is The Arena Group Holdings's shareholders' equity?

The Arena Group Holdings's shareholders' equity was negative at −$4.83M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition