Arena Group Holdings, Inc. (AREN) Form 8-K — Aug 10, 2026
The Arena Group reported Q2 2026 revenue of $22.2 million, down from $45.0 million a year earlier, and swung to a net loss of $0.2 million versus prior-year net income of $108.6 million that included a $96.2 million gain from discontinued operations. Adjusted EBITDA fell to $4.4 million from $18.6 million as gross margin compressed to 39.2% from 56.4%. The company extended its existing term debt facility with lender Renew Group Private Limited by three years on terms it describes as non-dilutive, eliminating near-term refinancing risk on its $97.6 million term debt balance. Arena also closed the acquisition of 100% of Fantasy Journalist, Inc.
Key figures
- Eps
- 0
- Revenue
- 22183000
- Total Debt
- 97606000
- Revenue Yoy
- -50.7% (vs. $45,012 thousand in Q2 2025)
- Total Assets
- 106115000
- Cash Position
- 11170000
- Shares Outstanding
- 47610653
- Rebrand Target
- official rebrand to Paradium.AI expected by end of August 2026
- Gross Margin Q22025
- 56.4%
- Gross Margin Q22026
- 39.2%
- Prior Year Net Income
- 108639000
- Adjusted EBITDAQ22025
- 18552000
- Adjusted EBITDAQ22026
- 4408000
- Debt Maturity Extension
- 3 years
- Operating Cash Flow Q22026
- 2100000
- Discontinued Ops Gain Q22025
- 96227000
- Adjusted EBITDAMargin Q22026
- 19.8%
AI analysis
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