← Arena Group Holdings, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($70.9m) ($55.6m) ($100.7m) $124.9m
Net Income (Loss) Attributable to Parent ($2.2m) ($6.3m) ($26.1m) ($38.5m) ($89.2m) ($89.9m) ($70.9m) ($55.6m) ($100.7m) $124.9m
Net Income (Loss) Available to Common Stockholders, Basic ($2.2m) ($6.3m) ($44.1m) ($38.5m) ($104.9m) ($89.9m) ($70.9m) ($55.6m) ($100.7m) $124.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — — — $1.1m — — —
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — ($55.6m) ($7.7m) $28.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($67.4m) ($55.6m) — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — ($3.5m) — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — — — — ($93.0m) $96.2m
Depreciation, Depletion and Amortization — $525k — $4.6m $16.3m $16.3m $864k $18.9m $3.7m $3.5m
Depreciation, Depletion and Amortization, Nonproduction — $525k — $4.6m $16.3m $16.3m $864k $18.9m $3.7m $3.5m
Amortization — $512k $1.8m $2.7m $3.9m $4.5m — — — —
Amortization of Debt Issuance Costs — — — — — $2.1m $1.6m $2.4m $658k $142k
Amortization of Intangible Assets — $512k $594k $7.8m $20.3m $20.2m $20.7m $27.4m $11.9m $8.8m
Depreciation — $12k $29k $277k $639k $443k $539k $352k $234k $92k
Depreciation of property and equipment $390 $12k $29k $277k $639k $443k $539k $352k $234k $92k
Amortization of platform development and intangible assets — $512k $2.4m $10.5m $24.2m $24.7m $26.6m $27.4m $11.9m $8.8m
Amortization of debt costs — — — — — $2.1m $1.6m $2.4m $658k $142k
Amortization Cash Flow — — — — — — $26.6m $27.4m $11.9m $8.8m
Amortization Of Intangibles — — — — — — $26.6m $27.4m $11.9m $8.8m
Depreciation Amortization Depletion — — — — — — $27.1m $27.7m $12.1m $8.9m
Deferred Income Tax Expense (Benefit) — — $92k $19.5m ($211k) ($1.7m) ($1.1m) $134k $203k ($69k)
Deferred income taxes — — ($92k) ($19.5m) $211k ($1.7m) ($1.2m) $134k $203k ($69k)
Deferred Income Tax — — — — — — ($1.2m) $134k $203k ($69k)
Deferred Tax — — — — — — ($1.2m) $134k $203k ($69k)
Share-based Payment Arrangement, Noncash Expense — $1.6m $4.3m $10.4m $14.6m $30.5m $31.3m $19.1m $3.0m $485k
Goodwill, Impairment Loss — — — — — $0 $0 — — $0
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $4.5m $1.4m $534k $29k
Share-based Payment Arrangement, Expense — — — — — — — — — $510k
Gain (Loss) on Sale of Assets and Asset Impairment Charges — — — — — $1.2m ($466k) $119k $40.6m $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — — $0
Impairment of Intangible Assets, Finite-lived — — — — — — $26.6m — — —
Operating Lease, Impairment Loss — — — — — $466k — — — —
Loss on impairment of assets — — — — — $1.2m $466k $119k $40.6m $0
Asset Impairment Charge — — — — — — $1.1m $434k $43.6m $614k
Gain (Loss) on Extinguishment of Debt — — ($1.4m) — — — — — — —
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — — — — — $209k $209k — —
Gain (Loss) on Disposition of Assets — — ($95k) — — ($1.2m) ($257k) — — —
Income Tax Expense (Benefit) — $0 ($92k) ($19.5m) $211k ($1.7m) ($1.1m) $222k $249k $520k
Interest Expense Nonoperating — — — — — — — — $14.7m —
Operating Lease, Expense — — — $1.1m — — — — — —
Other Nonoperating Income (Expense) — — — $262 ($279k) — — — — —
Operating lease liability — — — — — ($2.5m) ($218k) ($231k) ($304k) $255k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $53k — $1.7m ($362k) $2.9m $2.0m $11.6m ($10.5m) ($8.2m)
Increase (Decrease) in Accounts Payable — — $1.6m $3.3m ($1.4m) $3.8m ($6.5m) ($2.7m) ($3.7m) ($5.0m)
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — — $315k $3.0m —
Proceeds from Stock Options Exercised — — — — $4k — $95k — — —
General and Administrative Expense — $4.7m $10.9m $29.5m $36.0m $54.4m $53.5m $44.2m $30.4m $17.1m
Goodwill — — $7.3m $16.1m $16.1m $19.6m $39.3m $42.6m $42.6m $42.6m
Nonoperating Income (Expense) — $65k ($12.1m) ($17.2m) ($18.1m) ($7.3m) ($12.6m) ($19.6m) ($15.3m) ($11.7m)
Operating Expenses — $4.8m $12.1m $46.9m $95.9m $162.4m $143.9m $137.8m $47.8m $27.6m
Proceeds from Contributions from Parent — $0 — — — — — — — —
Provision for Loan, Lease, and Other Losses — — — — — — — — — $614k
Unrealized Gain (Loss) on Derivatives — $65k — — — — — — — —
Change in fair value of contingent consideration — — ($964k) $1.0m ($496k) ($34k) — $1.0m $313k $0
Liquidated damages — — $2.9m $729k $1.5m $2.6m $1.1m $583k $306k $305k
Stock-based compensation $1.1m $1.6m $4.3m $10.4m $14.6m $30.5m $31.3m $19.1m $3.0m $485k
Provision for credit losses — — — — — — — — $3.0m $614k
Non-cash lease expense — — — — — — — — $0 $309k
Other, net — — — ($363k) ($245k) ($499k) $184k — ($19k) ($4k)
Accounts receivable — ($53k) — ($1.7m) $362k ($2.9m) ($2.0m) ($11.6m) $10.5m $8.2m
Subscription acquisition costs — — ($3k) ($5.0m) ($34.9m) $3.1m ($1.7m) $3.1m $6.1m $0
Prepayments and other current assets ($118k) ($53k) ($424k) ($1.7m) ($357k) $49k $2.3m ($2.2m) $1.8m $1.7m
Other long-term assets — — ($23k) ($276k) ($246k) $692k ($285k) ($77k) $852k $14k
Accounts payable $116k $8k $1.6m $3.3m ($1.4m) $3.8m ($6.5m) ($2.7m) ($3.7m) ($5.0m)
Accrued expenses and other ($70k) $85k ($130k) $12.0m ($3.4m) $7.5m ($3.0m) $3.5m $29.7m ($53.1m)
Unearned revenue — $31k $104k $9.2m $21.7m ($15.8m) $3.9m ($8.0m) ($18.8m) ($48.1m)
Subscription and returns reserve liability — — — — — — — — $404k ($345k)
Contingent consideration — — — — — — — — ($1.7m) $0
Other long-term liabilities — — — — $511k ($1.2m) ($3.4m) ($6.1m) ($406k) $0
Purchases of intangible assets ($20k) $0 — — — — — — $0 ($2.5m)
Capitalized platform development — ($2.0m) ($2.2m) ($2.5m) ($3.8m) ($4.8m) ($5.2m) ($3.8m) ($5.1m) ($7.0m)
Payment of Fexy put option — — — — — — — — ($561k) $0
Repayments under line of credit — — — ($1.0m) $7.2m $4.8m $2.1m $5.5m ($20.0m) $0
Proceeds from Simplify loan — — — — — — — — $25.7m $0
Repayment of Simplify loan — — — — — — — — $0 ($10.7m)
Payments of deferred cash payment — — — — — — ($453k) ($75k) ($200k) $0
Reclassification of stock-based compensation to platform development — — $1.9m $1.3m $1.6m $2.0m $1.9m $1.0m $259k $25k
Purchase of intangible asset with accrued expenses and other — — — — — $509k $441k $189k $0 $450k
Beginning Cash Position — — — — — — $9.9m $14.4m $9.3m $4.4m
Cash Flow From Continuing Financing Activities — — — — — — $54.4m $22.9m $16.3m ($23.7m)
Cash Flow From Continuing Investing Activities — — — — — — ($38.6m) ($3.2m) ($5.2m) ($9.6m)
Change In Account Payable — — — — — — ($6.5m) ($2.7m) ($3.7m) ($5.0m)
Change In Accrued Expense — — — — — — ($3.0m) $3.5m $29.7m ($53.1m)
Change In Other Current Assets — — — — — — ($285k) ($77k) $852k $14k
Change In Other Current Liabilities — — — — — — ($6.0m) ($6.8m) ($2.0m) ($90k)
Change In Other Working Capital — — — — — — $13.5m ($4.8m) ($12.7m) ($48.1m)
Change In Payable — — — — — — ($6.5m) ($2.7m) ($3.7m) ($5.0m)
Change In Payables And Accrued Expense — — — — — — ($9.5m) $790k $26.0m ($58.0m)
Change In Prepaid Assets — — — — — — $2.3m ($2.2m) $1.8m $1.7m
Change In Receivables — — — — — — ($2.0m) ($11.6m) $10.5m $8.2m
Change In Working Capital — — — — — — ($2.0m) ($24.6m) $24.5m ($96.3m)
Changes In Account Receivables — — — — — — ($2.0m) ($11.6m) $10.5m $8.2m
Changes In Cash — — — — — — $4.5m ($5.1m) ($4.9m) $6.0m
End Cash Position — — — — — — $14.4m $9.3m $4.4m $10.3m
Financing Cash Flow — — — — — — $54.4m $22.9m $16.3m ($23.7m)
Free Cash Flow — — — — — — ($17.0m) ($28.5m) ($21.3m) $29.7m
Investing Cash Flow — — — — — — ($38.6m) ($3.2m) ($5.2m) ($9.6m)
Issuance Of Capital Stock — — — — — — $32.1m $11.5m $12.0m $0
Net Business Purchase And Sale — — — — — ($8.0m) ($35.3m) ($500k) $0 —
Net Intangibles Purchase And Sale — — — — — $0 — — $0 ($2.5m)
Net PPE Purchase And Sale — — — — — — ($530k) $0 ($54k) $0
Operating Gains Losses — — — — — ($5.8m) — $325k — —
Other Non Cash Items — — — — — — $3.2m $7.8m $1.3m $752k
Proceeds From Stock Option Exercised — — — — — — $95k $0 ($561k) $0
Purchase Of Business — — — — — ($8.0m) ($35.3m) ($500k) $0 —
Purchase Of Intangibles — — — — — — — — $0 ($2.5m)
Purchase Of PPE — — $32k $151k $1.2m $377k ($530k) $0 ($54k) $0
Derivative, Gain (Loss) on Derivative, Net — — $964k ($1.0m) $496k $34k — ($1.0m) ($313k) $0
Net Cash Provided by (Used in) Operating Activities ($1.1m) ($4.2m) ($7.4m) ($57.0m) ($32.3m) ($14.7m) ($11.3m) ($24.8m) ($16.1m) $39.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — ($59k) $32k $151k $1.2m $377k $530k ($3.8m) $54k $0
Capital Expenditure Reported — — — — — — ($5.2m) ($3.8m) ($5.1m) ($7.0m)
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — $500k — —
Net Investment Purchase And Sale — — — — — $0 $2.5m $0 — —
Gain (Loss) on Sale of Investments — $0 — — — — — — — —
Sale Of Investment — — — — — $0 $2.5m $0 — —
Net Cash Provided by (Used in) Investing Activities $519k ($2.0m) ($23.6m) ($19.0m) ($4.9m) ($13.1m) ($38.6m) ($3.2m) ($5.2m) ($9.6m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — $71.0m $11.7m $5.1m — — — —
Issuance Of Debt — — — — — — $36.8m $13.5m $25.7m $0
Long Term Debt Issuance — — — — — $5.1m $34.7m $8.0m $0 —
Net Issuance Payments Of Debt — — — — — — $30.9m $13.5m $5.6m ($23.7m)
Net Long Term Debt Issuance — — — — — — $28.8m $8.0m $0 ($23.7m)
Net Short Term Debt Issuance — — — — — — $2.1m $5.5m $5.6m $0
Short Term Debt Issuance — — — — — — $2.1m $5.5m $25.7m $0
Repayments of Long-term Debt — — — $17.3m — — $5.9m — — —
Repayment of Term Debt — — — — — — — — $0 ($13.0m)
Long Term Debt Payments — — — — — — ($5.9m) $0 $0 ($23.7m)
Repayment Of Debt — — — — — — ($5.9m) $0 ($20.0m) ($23.7m)
Short Term Debt Payments — — — — — — — — ($20.0m) $0
Proceeds from Issuance of Common Stock — $0 $1.2m — — $20.0m — — $12.0m $0
Proceeds from common stock private placement — $6.3m $1.2m — — $20.0m — — $12.0m $0
Issuance of common stock upon exercise of stock options — — — — — — — — $0 ($4k)
Issuance of common stock upon conversion of convertible preferred stock — — — — — — $511k $13.0m $15.0m $168k
Common Stock Issuance — — — — — — $32.1m $11.5m $12.0m $0
Net Common Stock Issuance — — — — — — $32.1m $11.5m $12.0m $0
Payments of taxes from common stock withheld — — — — — ($70k) ($4.5m) ($1.4m) ($534k) ($29k)
Repurchase of common stock for Fexy put option — — — — — — — — $379k $0
Net Other Financing Charges — — — — — — ($8.6m) ($2.1m) ($734k) ($29k)
Net cash (used in) provided by financing activities $1.2m $9.3m $29.9m $82.9m $37.3m $28.2m $54.4m $22.9m $16.3m ($23.7m)
Net Cash Provided by (Used in) Financing Activities $1.2m $9.3m $29.9m $82.9m $37.3m $28.2m $54.4m $22.9m $16.3m ($23.7m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $3.0m ($1.1m) $6.9m $62k $316k $4.5m ($5.1m) ($4.9m) $6.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $3.6m $2.5m $9.5m $9.5m $9.9m $14.4m $9.3m — —
Net change in cash and cash equivalents — $3.0m ($1.1m) $6.9m $62k $316k $4.5m ($5.1m) ($4.9m) $6.0m
Cash and cash equivalents — beginning of year — $3.6m $2.5m $9.5m $9.5m $9.9m $14.4m $9.3m $4.4m $10.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $4.5m ($5.1m) ($4.9m) $6.0m
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $39k $2.9m $646k $1.4m $9.5m $12.1m $17.8m $11.6m
Income Taxes Paid, Net — — — — — — $0 $85k $85k $862k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.