Global Arena Holding Swings to $288,123 Net Loss Despite 72% Revenue Jump in Q1 2025

Global Arena Holding, Inc., a Delaware-incorporated company trading as a non-accelerated filer, reported a net loss of $288,123 for the first quarter of fiscal 2025, widening from a net loss of $131,018 in the same period a year earlier. Read more earnings reports.

Revenue for the three months ending March 31, 2025 rose 72% to $399,263 from $232,123 in the prior-year quarter. But operating expenses surged 166% to $476,752 from $179,245, driving an operating loss of $77,489 compared to operating income of $52,878 a year earlier.

Labor and related expenses jumped to $161,189 from $43,967, a 267% increase that accounted for the bulk of the expense growth. Research and development spending more than doubled to $1,763 from $678.

The company burned $60,840 in cash from operations during the quarter, a reversal from positive operating cash flow of $7,067 in the first quarter of fiscal 2024. Financing activities generated $194,431 in cash inflows, compared to a $5,082 outflow in the prior-year period. Investing activities consumed $126,840.

Cash and cash equivalents stood at $20,166 as of March 31, 2025, up from $13,415 at the end of December 2024 but down from $23,577 at the end of the first quarter last year.

Total assets increased to $904,504 as of March 31, 2025 from $770,913 three months earlier. Current liabilities climbed to $11.1 million from $10.7 million, while stockholders' deficit widened to $10.2 million from $9.9 million.

The company's accumulated deficit reached $33.8 million as of March 31, 2025, compared to $33.5 million at year-end 2024. Global Arena had 1.7 billion shares outstanding at quarter-end, unchanged from December 31, 2024.

First Quarter Financial Summary