SEAT - Vivid Seats Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$8.08
DETAILS
HIGH:
$10.00
LOW:
$5.65
MEDIAN:
$7.75
CONSENSUS:
$8.08
UPSIDE:
1.25%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 570.8 | 775.6 | 712.9 | 600.3 | 443.0 | 35.1 | 468.9 |
| Cost of Revenue | 173.4 | 201.9 | 182.2 | 140.5 | 90.6 | 24.7 | 106.0 |
| Gross Profit | 397.3 | 573.7 | 530.7 | 459.8 | 352.4 | 10.4 | 362.9 |
| Operating Expenses | |||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 403.9 | 479.8 | 427.2 | 376.0 | 273.5 | 104.3 | 279.8 |
| Other Expenses | 49.9 | 51.7 | 22.1 | 5.7 | 2.3 | 622.1 | 93.1 |
| Operating Expenses | 453.8 | 531.5 | 449.4 | 381.7 | 275.9 | 726.4 | 372.9 |
| Operating Income | |||||||
| Operating Income | (56.5) | 42.2 | 81.3 | 78.1 | 76.6 | (716.0) | (9.9) |
| Interest Expense | 23.7 | 23.2 | 13.5 | 12.9 | 58.2 | 57.5 | 41.5 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | (577.5) | 91.8 | 102.4 | 91.9 | 41.7 | (668.5) | 80.7 |
| EBIT | (628.4) | 45.9 | 84.4 | 82.0 | 39.4 | (716.7) | (12.4) |
| Income Before Tax | (652.1) | 22.7 | 70.9 | 69.2 | (18.8) | (774.2) | (53.8) |
| Income Tax Expense | 69.4 | 8.4 | (42.2) | (1.6) | 0.3 | 0 | 0 |
| Net Income | (429.3) | 9.4 | 74.5 | 28.7 | (16.1) | (774.2) | (53.8) |
| Per Share Data | |||||||
| EPS (Basic) | -59.20 | 1.42 | 11.00 | 17.60 | -0.85 | -244.60 | -24.80 |
| EPS (Diluted) | -69.20 | 1.12 | 5.20 | 7.20 | -0.85 | -244.60 | -24.80 |
| Shares Outstanding | 7.3 | 6.6 | 4.6 | 4.0 | 3.9 | 3.4 | 3.8 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 102.7 | 243.5 | 125.5 | 251.5 | 489.5 | 285.3 | 81.3 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 30.7 | 48.3 | 58.5 | 36.5 | 36.1 | 35.2 | 25 |
| Inventory | 18.2 | 19.6 | 21.0 | 12.8 | 11.8 | 7.5 | 11.6 |
| Other Current Assets | 26.9 | 26.4 | 32.8 | 24.6 | 63.2 | 77.8 | 6.7 |
| Total Current Assets | 178.5 | 345.2 | 246.0 | 331.5 | 610.2 | 408.1 | 129.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 22.9 | 24.6 | 20.0 | 18.3 | 1.1 | 0 | 4.0 |
| Goodwill | 283.9 | 943.1 | 947.4 | 715.3 | 718.2 | 683.3 | 1,060.4 |
| Intangible Assets | 141.5 | 233.1 | 241.2 | 82.0 | 78.5 | 67.0 | 300.5 |
| Long-Term Investments | 5.4 | 6.9 | 2.9 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.6 | 5.2 | 7.2 | 4.4 | 0.8 | 0.7 | 2.1 |
| Total Non-Current Assets | 458.4 | 1,290.9 | 1,304.1 | 819.9 | 798.6 | 751.0 | 1,367.1 |
| Total Assets | 636.9 | 1,636.1 | 1,550.1 | 1,151.4 | 1,408.8 | 1,159.1 | 1,497.0 |
| Current Liabilities | |||||||
| Account Payables | 153.4 | 233.0 | 257.5 | 161.3 | 191.2 | 62.8 | 91.4 |
| Short-Term Debt | 3.9 | 4.0 | 3.9 | 2.8 | 0 | 6.4 | 5.9 |
| Deferred Revenue | 20.0 | 23.8 | 34.7 | 32.0 | 25.1 | 6.0 | 5.9 |
| Other Current Liabilities | 126.0 | 25.8 | 141.3 | 6.4 | 207.2 | 18.6 | 27.6 |
| Total Current Liabilities | 303.3 | 425.8 | 487.8 | 378.0 | 497.5 | 331.3 | 163.2 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 16.5 | 385.0 | 264.6 | 264.9 | 460.1 | 870.9 | 606.6 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 402.3 | 192.6 | 194.7 | 13.4 | 25.8 | 228.7 | 208.9 |
| Total Non-Current Liabilities | 418.7 | 596.3 | 475.6 | 293.3 | 486.0 | 1,099.6 | 815.5 |
| Total Liabilities | 722.0 | 1,022.1 | 963.3 | 671.3 | 983.5 | 1,430.9 | 978.8 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | (1,359.5) | (930.2) | (939.6) | (1,014.1) | (1,042.8) | (1,026.7) | (252.5) |
| Accumulated Other Comprehensive Income | 0.2 | (0.9) | 0.7 | 0 | 0 | (0.8) | (1.9) |
| Total Stockholders' Equity | (85.1) | 261.1 | 105.0 | (382.7) | (860.7) | (271.8) | 518.3 |
| Total Liabilities & Equity | 636.9 | 1,636.1 | 1,550.1 | 1,151.4 | 1,408.8 | 1,159.1 | 1,497.0 |
| Debt Metrics | |||||||
| Total Debt | 20.4 | 407.6 | 284.8 | 282.6 | 460.1 | 877.3 | 612.4 |
| Net Debt | (82.3) | 164.2 | 159.3 | 31.0 | (29.4) | 592.0 | 531.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (429.3) | 14.3 | 113.1 | 70.8 | (19.1) | (774.2) | (53.8) |
| Depreciation & Amortization | 49.4 | 45.9 | 18.0 | 9.9 | 2.3 | 48.2 | 93.1 |
| Stock-Based Compensation | 36.7 | 50.4 | 27.6 | 19.1 | 6.0 | 4.3 | 5.2 |
| Change in Working Capital | (106.0) | (53.0) | 36.2 | (80.8) | 163.8 | 93.5 | 25.8 |
| Other Non-Cash Items | 282.8 | (5.0) | (2.8) | (4.6) | 22.8 | 594.2 | 2.9 |
| Operating Cash Flow | (91.6) | 53.9 | 147.3 | 14.4 | 175.8 | (33.9) | 76.5 |
| Investing Activities | |||||||
| Capital Expenditure | (2.2) | (4.2) | (12.8) | (15.4) | (9.6) | (7.6) | (9.2) |
| Acquisitions | 0 | 0 | (206.9) | (0.0) | 0.3 | 0 | (31.1) |
| Purchases of Investments | 0 | 0 | (6) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (18.0) | (22.5) | (11.9) | (11.8) | (8.5) | (7.3) | 0.2 |
| Investing Cash Flow | (20.2) | (26.7) | (225.6) | (15.4) | (9.3) | (7.6) | (40.2) |
| Financing Activities | |||||||
| Net Debt Issuance | (3.1) | 120.2 | (3.0) | (192.8) | (413.0) | 254.1 | (47.0) |
| Stock Repurchased | (18.3) | (23.0) | (20.1) | (32.5) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | (17.7) | (0.1) | (8.1) |
| Other Financing Activities | (9.6) | (11.1) | (20.3) | (11.2) | 229.6 | (8.5) | (0.4) |
| Financing Cash Flow | (29.4) | 86.1 | (43.4) | (236.5) | 38.0 | 245.5 | (55.5) |
| Cash Position | |||||||
| Net Change in Cash | (141.3) | 112.2 | (119.9) | (237.5) | 204.5 | 204.0 | (19.1) |
| Cash at Beginning | 244.6 | 132.4 | 252.3 | 489.8 | 285.3 | 81.3 | 100.4 |
| Cash at End | 103.3 | 244.6 | 132.4 | 252.3 | 489.8 | 285.3 | 81.3 |
| Free Cash Flow | (93.8) | 49.7 | 134.5 | (1.0) | 166.1 | (41.5) | 67.3 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 570.8 | 775.6 | 712.9 | 600.3 | 443.0 | 35.1 | 468.9 |
| Gross Profit | 397.3 | 573.7 | 530.7 | 459.8 | 352.4 | 10.4 | 362.9 |
| Operating Income | (56.5) | 42.2 | 81.3 | 78.1 | 76.6 | (716.0) | (9.9) |
| Net Income | (429.3) | 9.4 | 74.5 | 28.7 | (16.1) | (774.2) | (53.8) |
| EPS (Diluted) | -69.20 | 1.12 | 5.20 | 7.20 | -0.85 | -244.60 | -24.80 |
| Balance Sheet | |||||||
| Cash & Equivalents | 102.7 | 243.5 | 125.5 | 251.5 | 489.5 | 285.3 | 81.3 |
| Total Assets | 636.9 | 1,636.1 | 1,550.1 | 1,151.4 | 1,408.8 | 1,159.1 | 1,497.0 |
| Total Debt | 20.4 | 407.6 | 284.8 | 282.6 | 460.1 | 877.3 | 612.4 |
| Stockholders' Equity | (85.1) | 261.1 | 105.0 | (382.7) | (860.7) | (271.8) | 518.3 |
| Cash Flow | |||||||
| Operating Cash Flow | (91.6) | 53.9 | 147.3 | 14.4 | 175.8 | (33.9) | 76.5 |
| Capital Expenditure | (2.2) | (4.2) | (12.8) | (15.4) | (9.6) | (7.6) | (9.2) |
| Free Cash Flow | (93.8) | 49.7 | 134.5 | (1.0) | 166.1 | (41.5) | 67.3 |