What is the 13F Pro Quality Score for AREN?

13F Pro ranks Arena Group Holdings, Inc. (AREN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View AREN's current score at https://13fpro.ai/research/AREN (free sign-up required for the full ranking).

Which hedge funds own the most AREN stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of AREN include VANGUARD CAPITAL MANAGEMENT, BlackRock,, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/AREN as soon as new 13F filings post.

Where does 13F Pro source AREN data?

All Arena Group Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Arena Group Holdings, Inc. files with the SEC under CIK 894871. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is AREN in?

Arena Group Holdings, Inc. (AREN) is classified in the Communication Services sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/communication-services.

How often is AREN research updated on 13F Pro?

AREN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Arena Group Holdings, Inc.(AREN)Stock Analysis

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Communication Services →NYSE

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SEC EDGAR: CIK 894871 AREN stock profile & AI dashboard →

13F Pro Quality Score

60.3/100

Rank #867 of 2,879 stocksTOP 50%

View Communication Services peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

30.3/100

Profitability

96.4/100

Balance Sheet

99.9/100

Earnings Quality

30.0/100

Free Cash Flow

80.2/100

Institutional Flow

34.5/100

Revenue Scale

19.9/100

Dilution Risk

34.6/100

AREN Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Arena Group Holdings, Inc. (AREN), a Communication Services sector company. 13F Pro's AI-powered ranking engine scores AREN at 60.3/100 on a 32-signal composite quality model, placing it at rank #867 of 2,879 stocks — the top half of the AI-ranked universe. AREN scores in the top quartile across balance sheet strength (99.9), profitability (96.4), free cash flow (80.2). Areas of concern include revenue scale (19.9) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 34.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Arena Group Holdings, Inc. reports quarterly revenue of $20.4M, net income of $-2.7M, free cash flow of $2.0M. Top institutional holders of AREN by reported 13-F value include VANGUARD CAPITAL MANAGEMENT, BlackRock,, STATE STREET, based on the most recent SEC filings. AREN trades on the NYSE exchange and files with the SEC under CIK 894871. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AREN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Arena Group Holdings, Inc. directly from SEC EDGAR. Arena Group Holdings, Inc.'s 13F Pro composite quality score has ranged between 11 and 70 since 2024, currently 60.3 — an improving long-term trajectory across 15 quarterly and live scoring snapshots.

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Fun facts about Arena Group Holdings, Inc.

Quirks, history, and lore behind AREN — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. digital media company · listed on NYSE American · operates a portfolio of sports and entertainment content brands · small-cap.
2
The Numbers
Annual revenue in the range of roughly $200 million, yet the company has wrestled with net losses — growth-mode digital media is rarely a profit machine out of the gate.
3
The History
The company grew aggressively through acquisitions, snapping up legacy sports and pop-culture media brands and attempting to fuse print heritage with digital-first monetization.
4
The Secret
Its business model leans heavily on programmatic advertising and licensing deals, stitching together a patchwork of enthusiast audiences rather than building one flagship destination.
5
The Lore
It became the publisher behind iconic titles like The Sporting News and Men's Journal, giving a second life to storied print brands that bigger players had abandoned.
6
The Giveaway
Ticker AREN, home of Sports Illustrated (at least for a while) — a media holding company that tried to build a digital sports empire one dusty magazine masthead at a time.

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Revenue

Q1 2026

$20.4M

Net Income

Q1 2026

$-2.7M

Free Cash Flow

Q1 2026

$2.0M

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+27.5% YoY

$16.9MFY 2024

FY20 $128.0MFY21 $189.1MFY22 $13.3MFY24 $16.9M

Net Income

-42.1% YoY

$-100.7MFY 2024

FY20 $-89.2MFY21 $-89.9MFY22 $-70.9MFY24 $-100.7M

Operating Income

+114.1% YoY

$7.9MFY 2024

FY20 $-71.2MFY21 $-84.3MFY22 $-55.9MFY24 $7.9M

EPS (Diluted)

+29.1% YoY

$-2.85FY 2024

FY20 —FY21 —FY22 $-4.02FY24 $-2.85

Total Assets

-42.9% YoY

$116.4MFY 2024

FY20 $214.2MFY21 $174.0MFY22 $203.7MFY24 $116.4M

Total Debt

-15.9% YoY

$110.4MFY 2024

FY20 $56.5MFY21 $70.1MFY22 $131.4MFY24 $110.4M

Op. Cash Flow

-42.2% YoY

$-16.1MFY 2024

FY20 $-32.3MFY21 $-14.7MFY22 $-11.3MFY24 $-16.1M

Metric	FY 2024	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$16.9M +27.5%	$13.3M -93.0%	$189.1M +47.7%	$128.0M +140.0%	$53.3M +835.8%	$5.7M
Net Income	$-100.7M -42.1%	$-70.9M +21.2%	$-89.9M -0.8%	$-89.2M -131.8%	$-38.5M -47.7%	$-26.1M
Operating Income	$7.9M +114.1%	$-55.9M +33.7%	$-84.3M -18.4%	$-71.2M -74.4%	$-40.8M -191.2%	$-14.0M
EPS (Diluted)	$-2.85 +29.1%	$-4.02	—	—	—	—
Total Assets	$116.4M -42.9%	$203.7M +17.1%	$174.0M -18.8%	$214.2M +8.7%	$197.0M +430.1%	$37.2M
Total Debt	$110.4M -15.9%	$131.4M +87.4%	$70.1M +24.1%	$56.5M -25.8%	$76.2M +11638.6%	$648.9K
Operating Cash Flow	$-16.1M -42.2%	$-11.3M +23.3%	$-14.7M +54.4%	$-32.3M +43.3%	$-57.0M -667.8%	$-7.4M

AI Insight: AREN Financial Trends

Debt cut from $307M to $98M over six quarters, but Q1 2026 revenue collapsed to $20M — the weakest in the dataset — raising questions about demand.

• Total debt fell sharply from $307M in Q2 2024 to $98M in Q4 2025, a 68% reduction, meaningfully de-risking the balance sheet.

• Operating cash flow turned consistently positive from Q1 2025 onward, reaching $13M in Q4 2025 versus -$3M in Q2 2024.

• Revenue dropped to $20M in Q1 2026, the lowest quarter recorded, down from $32M in Q1 2025 — a 37% year-over-year decline.

• Equity deficit narrowed from -$157M in Q2 2024 to -$5M in Q4 2025, though Q1 2026 showed a slight reversal to -$7M.

⚠ Q1 2026 operating income turned near-zero (-$0M) after four consecutive quarters of positive results — monitor whether this is seasonal or structural.

⚠ Operating cash flow dropped to $2M in Q1 2026 from $13M in Q4 2025; sustaining positive FCF is critical given the still-negative equity.

⚠ Q2 2025 net income of $109M appears driven by a one-time item; underlying earnings power is closer to $5–$9M per quarter.

AI Insight: AREN Ratio Trends

AREN's Q1 2026 operating margin collapsed to -1.5%, reversing four consecutive profitable quarters and signaling sharp seasonal or structural deterioration.

• Operating margin swung from 26.6% in Q4 2025 to -1.5% in Q1 2026, the steepest single-quarter reversal in the dataset.

• ROA turned negative at -9.8% in Q1 2026, down from 18.9% in Q4 2025, erasing recent capital efficiency gains.

• ROIC swung from 32.4% in Q4 2025 to -1.4% in Q1 2026, matching the trough seen in Q2 2024.

• TTM net profit margin stands at 95.8%, likely inflated by a one-off gain; quarterly NPM peaked at 23.1% in Q3 2025.

⚠ Q1 2026 losses mirror Q2 2024's trough — confirm whether this is seasonal or a recurring structural weakness each first half.

⚠ TTM NPM of 95.8% vastly exceeds any single quarterly NPM — identify the non-recurring item driving the distortion.

⚠ Absence of D/E data across all periods leaves leverage risk entirely unquantified — a key blind spot for credit assessment.

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Available Research

13F Pro tracks comprehensive data for Arena Group Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of AREN

VANGUARD CAPITAL MANAGEMENT LLC
$2.5M1,151,951 sh
BlackRock, Inc.
$1.6M746,392 sh
STATE STREET CORP
$621.3K286,295 sh
GEODE CAPITAL MANAGEMENT, LLC
$612.3K282,119 sh
LPL Financial LLC
$567.5K261,505 sh
NORTHERN TRUST CORP
$233.1K107,397 sh
VANGUARD FIDUCIARY TRUST CO
$231.5K106,694 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$169.7K78,207 sh
GOLDMAN SACHS GROUP INC
$156.1K71,946 sh
BRIDGEWAY CAPITAL MANAGEMENT, LLC
$146.7K67,600 sh

Fund	Value	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$2.5M	1,151,951
BlackRock, Inc.	$1.6M	746,392
STATE STREET CORP	$621.3K	286,295
GEODE CAPITAL MANAGEMENT, LLC	$612.3K	282,119
LPL Financial LLC	$567.5K	261,505
NORTHERN TRUST CORP	$233.1K	107,397
VANGUARD FIDUCIARY TRUST CO	$231.5K	106,694
VANGUARD PORTFOLIO MANAGEMENT LLC	$169.7K	78,207
GOLDMAN SACHS GROUP INC	$156.1K	71,946
BRIDGEWAY CAPITAL MANAGEMENT, LLC	$146.7K	67,600

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Is AREN a good stock to buy?

13F Pro's AI-powered analysis of Arena Group Holdings, Inc. (AREN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Communication Services sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for AREN are available on the AREN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own AREN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling AREN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Arena Group Holdings, Inc.'s investment landscape.