PAAI on NYSE
Paradium.AI, Inc.
American cable and other pay television services company, listed on NYSE (PAAI). Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerPAAI on NYSE1
- IndustryCable & Other Pay Television Services1
- HeadquartersNew York, New York1
- Incorporated inDE2
- Business address200 Vesey Street, 24Th Floor, New York, Ny 102812
- Filer categoryAccelerated filer, Smaller reporting company2
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The Arena Group Holdings, Inc. (“Arena Group,” “we,” or “our”) is a brand, data and IP company that builds, acquires, and scales high-performing digital assets. We combine technology, storytelling, and entrepreneurship to create deep content verticals that engage passionate audiences across sports & leisure, lifestyle, and finance.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Digital Advertising brought in 64% of the revenue Paradium.AI, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Digital Advertising | $93.0M | $86.9M |
| Performance Marketing | $10.9M | $19.6M |
| Publisher Revenue | $7.9M | $19.5M |
| Digital Subscriptions | $7.8M | $5.8M |
| Product and Service, Other | $5.2M | $1.9M |
| Print Revenue | $1.1M | $1.0M |
Business segments
Sports And Leisure brought in 35% of the revenue Paradium.AI, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Sports And Leisure | $50.8M | $47.3M |
| Finance | $27.7M | $38.2M |
| Lifestyle | $31.5M | $38.0M |
| Platform And Other | $15.9M | $11.3M |
Regions
United States brought in 95% of the revenue Paradium.AI, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $118.5M | $127.8M |
| Outside the United States | $7.4M | $7.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue33¢$66.5M
- Interest6¢$11.4M
- Income tax0¢$520.0K
- Profit61¢$124.9M
Where each dollar of operating cash went, fiscal 2025
- Kept or used elsewhere100¢$39.2M
Out of $39.2M of cash from operations.4
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $134.8M | $125.9M |
| Cost of revenue | $66.5M | $70.2M |
| Gross profit | $68.3M | $55.7M |
| Selling and marketing | $7.0M | $12.5M |
| General and administrative | $17.1M | $30.4M |
| Depreciation and amortization | $3.5M | $3.7M |
| Impairment of intangible assets | $0 | $1.2M |
| Total operating expenses | $27.6M | $47.8M |
| Income from operations | $40.8M | $7.9M |
| Change in valuation of contingent consideration | $0 | -$313.0K |
| Interest expense, net | -$11.4M | -$14.7M |
| Liquidated damages | -$305.0K | -$306.0K |
| Total other expense | -$11.7M | -$15.3M |
| Income (loss) before income taxes | $29.1M | -$7.4M |
| Income tax provision | -$520.0K | -$249.0K |
| Income (loss) from continuing operations | $28.6M | -$7.7M |
| Income (loss) from discontinued operations, net of tax | $96.2M | -$93.0M |
| Net income (loss) | $124.9M | -$100.7M |
| Continuing operations (in dollars per share) | $1 | -$0 |
| Discontinued operations (in dollars per share) | $2 | -$3 |
| Basic net income (loss) per common share (in dollars per share) | $2.63 | -$2.85 |
| Continuing operations (in dollars per share) | $1 | -$0 |
| Discontinued operations (in dollars per share) | $2 | -$3 |
| Diluted net income (loss) per common share (in dollars per share) | $2.62 | -$2.85 |
| Basic (in shares) | 47.5M shares | 35.4M shares |
| Diluted (in shares) | 47.7M shares | 35.4M shares |
| Amortization cost | $5.4M | $6.0M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $10.3M | $4.4M | |
| Accounts receivable (net of allowances of $1,255 in 2025 and $1,458 in 2024) | $22.3M | $31.1M | |
| Prepayments and other current assets | $3.0M | $4.8M | |
| Total current assets | $35.6M | $40.2M | |
| Property and equipment, net | $56.0K | $148.0K | |
| Operating lease right-of-use assets | $2.0M | $2.3M | |
| Platform development, net | $9.8M | $8.1M | |
| Acquired and other intangible assets, net | $22.4M | $22.8M | |
| Other long term assets | $137.0K | $151.0K | |
| Goodwill | $42.6M | $42.6M | $42.6M |
| Total assets | $112.6M | $116.4M | |
| Accounts payable | $1.7M | $4.8M | |
| Accrued expenses and other | $7.6M | $11.0M | |
| Unearned revenue | $3.3M | $6.3M | |
| Subscription and returns reserve liability | $508.0K | $430.0K | |
| Operating lease liability, current portion | $402.0K | $254.0K | |
| Liquidated damages payable | $3.5M | $3.2M | |
| Current liabilities from discontinued operations | $0 | $96.2M | |
| Total current liabilities | $17.0M | $122.3M | |
| Unearned revenue, net of current portion | $43.0K | $403.0K | |
| Operating lease liability, net of current portion | $2.1M | $2.0M | |
| Deferred tax liabilities | $733.0K | $802.0K | |
| Simplify loan | $0 | $10.7M | |
| Term debt | $97.6M | $110.4M | |
| Total liabilities | $117.4M | $246.5M | |
| Total mezzanine equity | $0 | $168.0K | |
| Common stock | $482.0K | $475.0K | |
| Additional paid-in capital | $349.2M | $348.6M | |
| Accumulated deficit | -$354.5M | -$479.4M | |
| Total stockholders deficiency | -$4.8M | -$130.3M | -$59.0M |
| Total liabilities, mezzanine equity and stockholders deficiency | $112.6M | $116.4M | |
| Allowance for credit loss | $1.3M | $1.5M | |
| Temporary equity, par value (in dollars per share) | $0.01 | ||
| Temporary equity, shares authorized (in shares) | 1.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 1.0B shares | 1.0B shares | |
| Common stock, issued (in shares) | 47.6M shares | 47.6M shares | |
| Common stock, outstanding (in shares) | 47.6M shares | 47.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $10.3M | $4.4M | |
| Accounts receivable (net of allowances of $1,255 in 2025 and $1,458 in 2024) | $22.3M | $31.1M | |
| Prepayments and other current assets | $3.0M | $4.8M | |
| Total current assets | $35.6M | $40.2M | |
| Property and equipment, net | $56.0K | $148.0K | |
| Operating lease right-of-use assets | $2.0M | $2.3M | |
| Platform development, net | $9.8M | $8.1M | |
| Acquired and other intangible assets, net | $22.4M | $22.8M | |
| Other long term assets | $137.0K | $151.0K | |
| Goodwill | $42.6M | $42.6M | $42.6M |
| Total assets | $112.6M | $116.4M | |
| Accounts payable | $1.7M | $4.8M | |
| Accrued expenses and other | $7.6M | $11.0M | |
| Unearned revenue | $3.3M | $6.3M | |
| Subscription and returns reserve liability | $508.0K | $430.0K | |
| Operating lease liability, current portion | $402.0K | $254.0K | |
| Liquidated damages payable | $3.5M | $3.2M | |
| Current liabilities from discontinued operations | $0 | $96.2M | |
| Total current liabilities | $17.0M | $122.3M | |
| Unearned revenue, net of current portion | $43.0K | $403.0K | |
| Operating lease liability, net of current portion | $2.1M | $2.0M | |
| Deferred tax liabilities | $733.0K | $802.0K | |
| Simplify loan | $0 | $10.7M | |
| Term debt | $97.6M | $110.4M | |
| Total liabilities | $117.4M | $246.5M | |
| Total mezzanine equity | $0 | $168.0K | |
| Common stock | $482.0K | $475.0K | |
| Additional paid-in capital | $349.2M | $348.6M | |
| Accumulated deficit | -$354.5M | -$479.4M | |
| Total stockholders deficiency | -$4.8M | -$130.3M | -$59.0M |
| Total liabilities, mezzanine equity and stockholders deficiency | $112.6M | $116.4M | |
| Allowance for credit loss | $1.3M | $1.5M | |
| Temporary equity, par value (in dollars per share) | $0.01 | ||
| Temporary equity, shares authorized (in shares) | 1.0M shares | ||
| Common stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, authorized (in shares) | 1.0B shares | 1.0B shares | |
| Common stock, issued (in shares) | 47.6M shares | 47.6M shares | |
| Common stock, outstanding (in shares) | 47.6M shares | 47.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $124.9M | -$100.7M |
| Depreciation of property and equipment | $92.0K | $234.0K |
| Amortization of platform development and intangible assets | $8.8M | $11.9M |
| Amortization of debt costs | $142.0K | $658.0K |
| Loss on impairment of assets | $0 | $40.6M |
| Change in fair value of contingent consideration | $0 | $313.0K |
| Liquidated damages | $305.0K | $306.0K |
| Stock-based compensation | $485.0K | $3.0M |
| Deferred income taxes | -$69.0K | $203.0K |
| Provision for credit losses | $614.0K | $3.0M |
| Non-cash lease expense | $309.0K | $0 |
| Other, net | -$4.0K | -$19.0K |
| Accounts receivable | $8.2M | $10.5M |
| Subscription acquisition costs | $0 | $6.1M |
| Prepayments and other current assets | $1.7M | $1.8M |
| Other long-term assets | $14.0K | $852.0K |
| Accounts payable | -$5.0M | -$3.7M |
| Accrued expenses and other | -$53.1M | $29.7M |
| Unearned revenue | -$48.1M | -$18.8M |
| Subscription and returns reserve liability | -$345.0K | $404.0K |
| Operating lease liability | $255.0K | -$304.0K |
| Contingent consideration | $0 | -$1.7M |
| Other long-term liabilities | $0 | -$406.0K |
| Net cash provided by (used in) operating activities | $39.2M | -$16.1M |
| Purchases of property and equipment | $0 | -$54.0K |
| Purchases of intangible assets | -$2.5M | $0 |
| Capitalized platform development | -$7.0M | -$5.1M |
| Net cash used in investing activities | -$9.6M | -$5.2M |
| Payment of Fexy put option | $0 | -$561.0K |
| Repayments under line of credit | $0 | -$20.0M |
| Proceeds from common stock private placement | $0 | $12.0M |
| Repayment of Term Debt | -$13.0M | $0 |
| Proceeds from Simplify loan | $0 | $25.7M |
| Repayment of Simplify loan | -$10.7M | $0 |
| Payments of deferred cash payment | $0 | -$200.0K |
| Payments of taxes from common stock withheld | -$29.0K | -$534.0K |
| Net cash (used in) provided by financing activities | -$23.7M | $16.3M |
| Net change in cash and cash equivalents | $6.0M | -$4.9M |
| Cash paid for interest | $11.6M | $17.8M |
| Cash paid for income taxes | $862.0K | $85.0K |
| Reclassification of stock-based compensation to platform development | $25.0K | $259.0K |
| Purchase of intangible asset with accrued expenses and other | $450.0K | $0 |
| Repurchase of common stock for Fexy put option | $0 | $379.0K |
| Issuance of common stock upon exercise of stock options | -$4.0K | $0 |
No quarter-by-quarter statement was filed.
Leadership
Who has led Paradium.AI, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chair
Chief financial officer
Chief operating officer
- Chief executive officerPaul Taylor Edmondson Mar 7, 2025 to now14
- Chief executive officerCavitt Randall Mar 1, 2024 to Apr 30, 202415
- Chief executive officerSara Silverstein Apr 30, 2024 to Mar 7, 202516
- Chief executive officerRoss Levinsohn Dec 29, 2020 to Nov 6, 202317
- Chief executive officerChristopher A. Marlett May 16, 2008 to Feb 8, 201618
- Chief executive officerPeter B. Mills Aug 29, 2007 to Feb 5, 200819
- Chief executive officerRamesh C. Trivedi Dec 6, 2006 to Dec 6, 200620
- ChairJoshua Jacobs Jun 7, 2017 to Jun 7, 201721
- PresidentJason Frankl Feb 2, 2024 to now22
- PresidentHenry Robertson Barrett Mar 4, 2021 to Nov 6, 202323
- PresidentPaul Taylor Edmondson Dec 29, 2020 to Mar 4, 202124
- Chief financial officerDouglas Baker Smith Feb 3, 2021 to now25
- Chief financial officerMartin L. Heimbigner May 24, 2017 to May 24, 201726
- Chief financial officerGary Alan Schuman Aug 5, 2014 to Aug 5, 201427
- Chief financial officerDavid H. Adams Sep 21, 2006 to Apr 30, 200728
- Chief operating officerAndrew Q. Kraft Feb 4, 2021 to Nov 6, 202329
- Chief operating officerPaul Taylor Edmondson Sep 25, 2018 to Sep 25, 201830
- Chief operating officerWilliam Carrier Sornsin Jr. Nov 9, 2016 to Nov 9, 201631
Board members and other officers (26)
- Principal Financial OfficerGeoffrey Wait Aug 14, 2024 to now32
- PRESDIENT, MEDIAHenry Robertson Barrett Apr 28, 2023 to Apr 28, 202333
- Chief Accounting OfficerSpiridon Christoforatos May 17, 2022 to Aug 1, 202234
- Chief Marketing OfficerJill Marchisotto Feb 1, 2021 to Dec 23, 202235
- Chief Revenue OfficerAvi Zimak Feb 3, 2021 to Apr 28, 202336
- Chief Technology OfficerBenjamin Gary Joldersma Nov 9, 2016 to Nov 9, 201637
- Vice PresidentCharles J. Novak Jan 16, 2007 to Apr 16, 200738
- Vice President, EngineeringLeland Witherspoon Dec 6, 2006 to Dec 6, 200639
- Board memberLynn Marie Petersmarck May 28, 2025 to now40
- Board memberCavitt Randall Dec 7, 2023 to now41
- Board memberJoshua Jacobs Jan 27, 2021 to Jan 27, 202142
- Board memberDavid F. Bailey Feb 1, 2021 to Mar 25, 202143
- Board memberBaishali Sen Feb 2, 2021 to Feb 2, 202144
- Board memberEric Semler Mar 22, 2021 to Jul 9, 202145
- Board memberDaniel Shribman Jun 21, 2021 to Mar 31, 202346
- Board memberCarlo Zola Aug 30, 2021 to now47
- Board memberChristopher Petzel Oct 27, 2021 to now48
- Board memberHerbert Hunt Allred Oct 27, 2021 to now49
- Board memberJohn Fichthorn Mar 20, 2019 to Feb 17, 202150
- Board memberTodd D. Sims Apr 9, 2019 to Dec 5, 202351
- Board memberRoss Levinsohn Nov 21, 2016 to Nov 6, 202352
- Board memberRobert Levande May 6, 2008 to Jun 30, 201753
- Board memberChristopher A. Marlett May 16, 2008 to Dec 11, 201718
- Board memberMichael J. Tomczak Sep 25, 2006 to Aug 5, 201454
- Board memberPeter B. Mills Sep 27, 2006 to Feb 8, 202155
- Board memberRamesh C. Trivedi Dec 6, 2006 to Dec 6, 200620
Former names
Timeline
- Mar 7, 2025New chief executive Paul Taylor Edmondson becomes CEO14
- Apr 30, 2024New chief executive Sara Silverstein becomes CEO16
- Mar 1, 2024New chief executive Cavitt Randall becomes CEO15
- Dec 29, 2020New chief executive Ross Levinsohn becomes CEO17
- May 16, 2008New chief executive Christopher A. Marlett becomes CEO18
- Aug 29, 2007New chief executive Peter B. Mills becomes CEO19
- Dec 6, 2006New chief executive Ramesh C. Trivedi becomes CEO20
Filings
377 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 89 major events, 173 insider forms, 14 large holders, 78 other. The latest 20:
- Sep 18, 20268-K EDGAR
- Sep 18, 20268-K EDGAR
- Sep 10, 20268-K EDGAR
- Aug 13, 20268-K EDGAR
- Aug 10, 20268-K EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- May 11, 20268-K EDGAR
- May 11, 202610-Q EDGAR
- Apr 30, 202610-K/A EDGAR
- Mar 17, 20268-K EDGAR
- Mar 16, 202610-K EDGAR
- Mar 16, 20268-K EDGAR
- Jan 7, 20268-K EDGAR
- Dec 18, 20258-K EDGAR
- Nov 19, 2025DEF 14A EDGAR
- Nov 19, 20258-K EDGAR
- Nov 13, 202510-Q EDGAR
- Nov 13, 20258-K EDGAR
- Oct 17, 20258-K EDGAR
The 377 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
45 open-market trades by officers, directors and large owners since October 2021: 38 buys and 7 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 12, 2025 | Lee Laura AnneDirector | Sale | 55,780 | $1.40 | $78.1K | Form 4 |
| Feb 12, 2025 | Randall CavittDirector | Buy | 55,780 | $1.40 | $78.1K | Form 4 |
| Feb 3, 2025 | Petzel ChristopherDirector | Sale | 25,010 | $1.35 | $33.8K | Form 4 |
| Feb 3, 2025 | Randall CavittDirector | Buy | 25,010 | $1.35 | $33.8K | Form 4 |
| Jan 17, 2025 | Petzel ChristopherDirector | Sale | 25,000 | $1.23 | $30.8K | Form 4 |
| Jan 17, 2025 | Randall CavittDirector | Buy | 25,000 | $1.23 | $30.8K | Form 4 |
| Nov 15, 2024 | STROME MARK E | Sale | 217,574 | $1.71 | $372.1K | Form 4 |
| Aug 28, 2024 | Edmondson Paul TaylorChief Executive Officer | Sale | 84,148 | $0.85 | $71.5K | Form 4 |
| Feb 14, 2024 | Simplify Inventions, LLC10% owner | Buy | 5,555,555 | $2.16 | $12.0M | Form 4 |
| Dec 1, 2023 | Sims Todd D.Director | Sale | 52,267 | $2.90 | $151.6K | Form 4 |
| Nov 30, 2023 | RILEY BRYANT R10% owner | Sale | 7,400,017 | $2.90 | $21.5M | Form 4 |
| Jun 23, 2023 | B. Riley Financial, Inc.10% owner | Buy | 202,197 | $3.65 | $737.0K | Form 4 |
| Jun 22, 2023 | B. Riley Financial, Inc.10% owner | Buy | 29,598 | $3.50 | $103.6K | Form 4 |
| Jun 21, 2023 | B. Riley Financial, Inc.10% owner | Buy | 13,424 | $3.50 | $47.0K | Form 4 |
| Jun 20, 2023 | B. Riley Financial, Inc.10% owner | Buy | 3,976 | $3.50 | $13.9K | Form 4 |
| Jun 16, 2023 | B. Riley Financial, Inc.10% owner | Buy | 18,717 | $3.50 | $65.5K | Form 4 |
| Jun 15, 2023 | B. Riley Financial, Inc.10% owner | Buy | 1,041 | $3.50 | $3.6K | Form 4 |
| May 26, 2023 | BRF Investments, LLC10% owner | Buy | 20,210 | $3.45 | $69.7K | Form 4 |
| May 22, 2023 | BRF Investments, LLC10% owner | Buy | 2,574 | $3.45 | $8.9K | Form 4 |
| May 19, 2023 | B. Riley Financial, Inc.10% owner | Buy | 8,244 | $3.45 | $28.4K | Form 4 |
All 45 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- 180 DEGREE CAPITAL CORP. /NY/SCHEDULE 13G/A, 4 filings Jan 5, 2022 to Feb 14, 202556
- Simplify Inventions, LLCSCHEDULE 13D/A, 4 filings Dec 7, 2023 to Dec 27, 202457
- 272 Capital LPSC 13G/A, 3 filings Feb 15, 2023 to Feb 14, 202458
- James Charles Heckman Jr.SC 13D, 1 filing Jan 25, 202459
- Warlock Partners LLCSC 13G, 1 filing May 3, 202360
- TCS CAPITAL MANAGEMENT LLCSC 13D/A, 1 filing Feb 15, 202261
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 45. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 21SEC EDGARJoshua Jacobs, Chair
- 22SEC EDGARJason Frankl, President
- 23SEC EDGARHenry Robertson Barrett, President
- 24SEC EDGARPaul Taylor Edmondson, President
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- 36SEC EDGARAvi Zimak, Chief Revenue Officer
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- 38SEC EDGARCharles J. Novak, Vice President
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- 40SEC EDGARLynn Marie Petersmarck, Board member
- 41SEC EDGARCavitt Randall, Board member
- 42SEC EDGARJoshua Jacobs, Board member
- 43SEC EDGARDavid F. Bailey, Board member
- 44SEC EDGARBaishali Sen, Board member
- 45SEC EDGAREric Semler, Board member
- 46SEC EDGARDaniel Shribman, Board member
- 47SEC EDGARCarlo Zola, Board member
- 48SEC EDGARChristopher Petzel, Board member
- 49SEC EDGARHerbert Hunt Allred, Board member
- 50SEC EDGARJohn Fichthorn, Board member
- 51SEC EDGARTodd D. Sims, Board member
- 52SEC EDGARRoss Levinsohn, Board member
- 53SEC EDGARRobert Levande, Board member
- 54SEC EDGARMichael J. Tomczak, Board member
- 55SEC EDGARPeter B. Mills, Board member
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