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DCF valuation

What is Arena Group Holdings, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Arena Group Holdings, Inc.'s reported free cash flow gives $10.16 per share. The share price was $1.12 on August 28, 2026, 89% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$39.2M
Cash
$11.2M
balance sheet of June 30, 2026
Debt
$97.6M
balance sheet of June 30, 2026
Diluted shares, fiscal 2025
47,666,424
Revenue growth per year, last 5 years
1.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear-4.0%-1.0%2.0%10.0%$5.65+404%
Base1.0%2.0%2.5%9.0%$10.16+807%
Bull6.0%4.5%3.0%8.0%$18.58+1,559%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$13.30$14.25$15.40$16.85$18.70
8.0%$10.97$11.58$12.30$13.17$14.24
9.0%$9.26$9.68$10.16$10.72$11.39
10.0%$7.95$8.25$8.58$8.97$9.42
11.0%$6.92$7.14$7.38$7.65$7.97

Where the presets come from

Base: years 1 to 5 grow at Arena Group Holdings, Inc.'s revenue growth rate over the last 5 fiscal years (1.0% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Arena Group Holdings, Inc. company page