Vivid Seats Inc. logo SEAT - Vivid Seats Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 6
SELL 1
STRONG
SELL
0
| PRICE TARGET: $8.08 DETAILS
HIGH: $10.00
LOW: $5.65
MEDIAN: $7.75
CONSENSUS: $8.08
UPSIDE: 1.25%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 125.8 126.8 136.4 143.6 164.0 199.8 186.6 198.3 190.9 198.3 188.1 165.4 161.1 165.0 156.8 147.7 130.8 163.9 139.5 115.5 24.1 1.4 (7.1) (28.9) 69.7
Cost of Revenue 51.5 42.1 44.3 42.4 44.5 52.5 51.0 48.8 49.6 51.3 50.5 42.6 37.8 38.3 37.6 32.4 32.2 36.2 30.5 20.0 3.9 2.4 0.4 1.3 19.9
Gross Profit 74.3 84.7 92.0 101.1 119.5 147.3 135.6 149.6 141.3 147.0 137.7 122.8 123.3 126.7 119.2 115.3 98.6 127.7 109.1 95.5 20.2 (1.0) (7.5) (30.2) 49.8
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 83.1 90.8 100.4 99.1 113.6 128.3 113.4 125.6 112.5 123.8 113.8 103.0 86.7 99.8 96.4 93.2 82.3 106.8 70.8 64.4 21.5 14.0 13.8 20.2 49.6
Other Expenses (1.1) 11.9 14.5 333.8 10.2 16.1 11.4 16.0 8.1 13.1 3.8 2.1 3.1 2.1 1.1 4.2 2.6 (24.7) 22.8 11.6 2.7 2.0 0.6 597.5 29.4
Operating Expenses 82.0 102.7 114.9 432.9 123.8 144.4 124.8 141.7 120.6 136.9 117.6 105.2 89.8 101.9 97.5 97.3 84.9 82.1 93.6 76.0 24.1 16.0 14.4 617.7 79.0
Operating Income
Operating Income (7.7) (18.1) (22.8) (331.7) (4.3) 2.9 10.8 7.9 20.7 10.1 20.1 17.6 33.5 24.8 21.7 17.9 13.7 45.5 15.5 19.5 (3.9) (17.0) (21.9) (648.0) (29.2)
Interest Expense 5.9 6.3 6.1 5.6 5.7 6.5 6.3 5.3 5.1 4.9 2.5 2.8 3.3 3.3 2.9 2.7 3.9 7.7 17.3 16.8 16.3 16.4 18.3 13.5 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9.3
Profitability
EBITDA 5.0 (409.8) (9.1) (169.2) 10.7 17.6 30.5 15.2 28.6 22.2 24.5 19.3 36.4 31.0 23.9 28.5 8.5 9.1 16.2 20.0 (3.6) (16.8) (21.8) (624.6) (5.0)
EBIT (7.7) (423.0) (22.8) (181.5) (1.0) 3.3 19.8 4.7 18.1 12.8 21.2 16.6 33.8 26.4 21.8 26.8 7.2 8.3 15.5 19.5 (3.9) (17.0) (21.9) (648.6) (28.9)
Income Before Tax (15.8) (429.4) (28.9) (187.2) (6.6) (3.1) 13.5 (0.6) 13.0 7.9 18.6 13.8 30.6 23.1 18.9 24.1 3.2 0.3 (1.8) 2.6 (20.3) (33.4) (40.2) (662.1) (38.5)
Income Tax Expense (1.2) (0.7) (9.2) 76.2 3.2 1.3 4.3 0.6 2.3 (20.6) 2.6 (24.5) 0.3 (1.8) 0.1 0 0.1 0 0 0 0 0 0 0 0
Net Income (14.6) (275.2) (8.5) (139.7) (5.9) (0.9) 5.3 (1.1) 6.1 25.0 6.7 30.7 12.2 10.1 7.7 9.7 1.3 3.3 (1.8) 2.6 (20.3) (33.4) (40.2) (662.1) (38.5)
Per Share Data
EPS (Basic) -1.35 -35.68 -3.04 -21.40 -0.89 -0.13 0.81 -0.17 0.91 3.40 3.40 7.20 7.80 6.20 4.60 5.40 0.79 0.84 -0.48 0.69 -5.20 -8.60 -10.40 -172.00 -10.00
EPS (Diluted) -1.35 -40.95 -1.91 -25.40 -0.94 -0.08 0.51 -0.18 0.88 1.96 1.65 4.00 3.00 2.40 4.60 5.40 0.79 0.84 -0.48 0.69 -5.20 -8.60 -10.40 -172.00 -10.00
Shares Outstanding 10.8 7.7 6.5 6.5 6.6 6.6 6.6 6.6 6.7 5.4 4.8 4.3 3.9 4.0 4.1 4.0 4.0 4.0 3.8 3.8 3.8 3.8 3.8 3.8 3.8
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3
Current Assets
Cash & Cash Equivalents 143.6 102.7 145.1 153.0 199.5 243.5 202.3 234.3 160.9 125.5 268.7 306.2 303.3 251.5 273.9 287.8 314.1 489.5 488.5 460.9 312.8 285.3 1.0
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 36.4 30.7 38.5 49.5 56.9 48.3 65.3 68.6 69.6 58.5 64.8 46.3 46.5 36.5 40.5 44.4 54.0 36.1 54.0 52.2 37.1 35.2 0
Inventory 28.9 18.2 23.6 32.6 27.7 19.6 22.3 30.2 29.5 21.0 21.5 28.0 24.2 12.8 14.1 21.2 17.9 11.8 17.1 21.7 8.9 7.5 0
Other Current Assets 34.4 17.1 26.8 21.5 27.6 26.4 36.1 29.6 25.0 32.8 43.9 42.2 28.2 24.6 25.4 50.5 67.6 63.2 91.3 111.8 75.5 77.8 0
Total Current Assets 243.3 178.5 233.9 264.9 319.8 345.2 325.9 370.8 296.9 246.0 405.5 427.8 408.0 331.5 364.0 412.9 461.9 610.2 656.4 653.0 440.2 408.1 1.4
Non-Current Assets
Property, Plant & Equipment 22.0 22.9 23.7 24.8 25.6 24.6 18.9 19.4 19.1 20.0 19.5 17.9 18.0 18.3 17.1 12.1 11.2 1.1 0.7 0.2 0 0 0
Goodwill 283.7 283.9 648.6 649.4 945.3 943.1 946.9 941.5 944.1 947.4 760.0 715.3 715.3 715.3 715.3 715.3 718.2 718.2 683.3 683.3 683.3 683.3 0
Intangible Assets 132.4 141.5 189.2 198.2 228.1 233.1 225.1 227.1 233.7 241.2 113.9 82.0 81.8 82.0 81.6 80.1 79.9 78.5 72.1 70.1 68.5 67.0 0
Long-Term Investments 5.4 4.2 6.6 6.7 3.7 6.9 7.2 7.2 7.2 2.9 6.0 0 0 0 0 0 0 0 0 0 0 0 544.0
Other Non-Current Assets 3.8 4.7 3.9 4.0 8.8 5.2 5.4 3.6 3.5 7.2 2.8 2.4 4.4 4.4 2.5 2.7 2.9 0.8 0.6 0.4 0.3 0.7 0
Total Non-Current Assets 448.5 458.4 873.2 884.3 1,285.7 1,290.9 1,284.7 1,283.9 1,292.4 1,304.1 979.6 896.9 819.5 819.9 816.5 810.1 812.3 798.6 756.7 754.1 752.1 751.0 544.0
Total Assets 691.7 636.9 1,107.1 1,149.3 1,605.5 1,636.1 1,610.6 1,654.7 1,589.2 1,550.1 1,385.1 1,324.7 1,227.5 1,151.4 1,180.5 1,223.1 1,274.2 1,408.8 1,413.1 1,407.1 1,192.3 1,159.1 545.4
Current Liabilities
Account Payables 224.8 153.4 199.2 204.2 226.4 233.0 224.3 266.5 307.4 257.5 219.1 204.2 218.1 161.3 165.4 191.5 236.3 191.2 206.2 237.7 100.6 62.8 0.0
Short-Term Debt 3.9 3.9 4.0 4.0 4.0 4.0 4.0 4.0 3.6 3.9 3.3 2.8 2.8 2.8 2.8 2.8 2.8 0 6.4 6.4 6.4 6.4 0
Deferred Revenue 19.1 20.0 18.1 20.0 23.1 23.8 24.6 30.2 33.0 34.7 34.4 30.1 25.9 32.0 33.6 32.7 28.2 25.1 20.5 16.6 0 6.0 0
Other Current Liabilities 123.3 14.4 127.0 21.2 26.6 25.8 159.8 16.9 143.3 16.9 28.2 136.4 27.3 6.4 172.2 33.8 28.8 207.2 30.2 22.2 260.3 18.6 0.1
Total Current Liabilities 371.1 303.3 348.2 367.1 416.3 425.8 412.7 469.6 525.2 487.8 454.1 429.1 430.6 378.0 405.3 473.0 540.0 497.5 573.3 575.6 373.3 331.3 0.1
Non-Current Liabilities
Long-Term Debt 15.9 383.4 17.1 385.0 385.8 385.0 385.7 386.5 264.0 264.6 265.9 263.9 264.4 264.9 265.4 265.9 266.4 460.1 897.9 889.4 881.0 870.9 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 400.2 18.8 406.3 33.4 178.9 192.6 184.9 188.4 188.3 194.7 128.7 119.8 13.1 13.4 16.1 17.4 27.4 25.8 245.0 242.4 0.5 228.7 0
Total Non-Current Liabilities 416.0 418.7 423.4 436.0 582.9 596.3 586.4 591.0 467.9 475.6 410.5 398.5 292.4 293.3 295.3 292.7 302.2 486.0 1,142.9 1,131.7 881.5 1,099.6 13.6
Total Liabilities 787.1 722.0 771.6 803.1 999.2 1,022.1 999.1 1,060.6 993.1 963.3 864.6 827.6 722.9 671.3 700.6 765.7 842.1 983.5 1,716.2 1,707.4 1,254.8 1,430.9 13.8
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 526.6
Retained Earnings (1,374.1) (1,359.5) (1,084.3) (1,075.8) (936.1) (930.2) (929.3) (934.6) (933.5) (939.6) (964.6) (971.2) (1,002.0) (1,014.1) (1,024.2) (1,031.9) (1,041.5) (1,042.8) (1,046.1) (1,044.3) (1,046.9) (1,026.7) (0.1)
Accumulated Other Comprehensive Income 0.3 0.2 0.2 0.4 (0.1) (0.9) 0.8 (1.2) (0.4) 0.7 (0.2) 0 0 0 0 0 0 0 0 (0.3) (0.6) (0.8) 0
Total Stockholders' Equity (95.4) (85.1) 272.2 217.3 380.7 261.1 329.4 155.8 139.6 105.0 (120.3) (293.3) (397.3) (382.7) (425.5) (425.6) (875.2) (860.7) (303.1) (300.2) (62.5) (271.8) 531.6
Total Liabilities & Equity 691.7 636.9 1,107.1 1,149.3 1,605.5 1,636.1 1,610.6 1,654.7 1,589.2 1,550.1 1,385.1 1,324.7 1,227.5 1,151.4 1,180.5 1,223.1 1,274.2 1,408.8 1,413.1 1,407.1 1,192.3 1,159.1 545.4
Debt Metrics
Total Debt 19.8 403.8 21.0 406.6 408.0 407.6 405.5 406.6 283.2 284.8 285.1 281.4 282.0 282.6 281.9 278.0 277.5 460.1 904.3 895.8 887.4 877.3 0
Net Debt (123.8) 301.1 (124.1) 253.6 208.5 164.2 203.2 172.3 122.4 159.3 16.4 (24.8) (21.3) 31.0 8.0 (9.8) (36.5) (29.4) 415.8 434.9 574.7 592.0 (1.0)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (14.6) (428.7) (19.7) (263.3) (9.8) (4.4) 9.2 (1.2) 10.7 28.5 16.0 38.3 30.3 24.8 18.7 24.1 3.1 (3.3) (1.8) 2.6 (20.3) (33.4) (40.2) (662.1) (38.5)
Depreciation & Amortization 12.7 11.7 13.7 12.3 11.6 14.3 10.7 10.5 10.5 9.4 3.3 2.7 2.6 4.6 2.2 1.7 1.4 0.8 0.7 0.5 0.3 0.2 0.1 24.1 23.9
Stock-Based Compensation 0 2.8 11.5 11.7 10.8 12.1 10.7 19.1 8.5 7.1 7.6 7.4 5.5 5.1 5.1 5.3 3.6 0 1.2 1.2 1.1 0.8 0 1.2 1.2
Change in Working Capital 43.3 (28.0) (6.1) (38.7) (33.2) 29.8 38.1 (43.5) 5.4 12.5 3.6 (6.6) 26.6 (18.0) (25.4) (45.3) 8.0 (36.7) 21.8 141.0 37.7 20.3 73.2 22.8 28.9
Other Non-Cash Items 5.9 405.9 1.0 171.2 (3.2) (1.9) (91.1) 2.1 3.2 (3.1) (0.7) (0.7) 0.1 (3.5) (0.6) (7.9) 7.4 43.8 10.4 6.9 12.0 9.2 (64.1) 589.8 (4.4)
Operating Cash Flow 46.0 (38.2) 0.5 (28.6) (25.3) 47.8 (19.2) (13.8) 39.2 32.9 31.7 17.6 65.1 13.0 (0.0) (22.1) 23.5 4.7 32.3 152.2 30.8 (2.9) (31.0) (24.2) 11.1
Investing Activities
Capital Expenditure (0.0) (5.7) (4.6) (4.2) (7.4) (8.6) 0.3 (5.3) (5.3) (3.7) (3.5) (3.0) (2.6) (3.5) (5.0) (3.5) (3.4) (0.4) (3.1) (2.5) (1.7) (1.2) (0.3) (0.0) (0.3)
Acquisitions 0 0 0 0 0 0 0 0 0 (150.9) (55.9) 0 0 0 (4.9) (0.0) 0 0.3 0 0 0 0 0 0 0
Purchases of Investments (2.7) 0 0 0 0 0 9.4 0 0 0 0 (2.5) (2.0) 0 (3.6) (2.6) 0 6.6 0 0 0 0 (6.0) 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12.1 2.7 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (3.8) (4.6) (3.9) (5.7) (5.4) (17.1) (5.0) (5.2) (3.6) (9.3) 2.5 2.0 (2.7) (3.6) (0.0) (2.7) 0 (2.7) (2.2) 0 0 0 (1.9) (2.8)
Investing Cash Flow (3.1) (3.9) (4.6) (4.1) (7.6) (8.9) (7.3) (5.3) (5.3) (154.6) (65.4) (3.0) (2.6) (3.5) (5.0) (3.5) (3.4) (2.0) (3.1) (2.5) (1.7) (1.2) (6.4) (1.9) (3.1)
Financing Activities
Net Debt Issuance (1.0) (1.0) (1.0) (78.0) 77.0 (1.0) (1.0) 123.1 (1.0) (1.0) (0.7) (0.7) (0.7) (0.7) (0.7) (0.7) (190.7) (480.3) (1.6) (1.6) (1.6) (1.6) 255.7 0 0
Stock Repurchased 0 (0.0) (2.4) (9.9) (6.0) 0.0 (2.9) (17.0) (3.1) (12.5) 0 0 (7.6) (29.4) (3.0) 0 0 (236.0) 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (17.7) 0 0 0 0 (0.1) (0.1) 0
Other Financing Activities (0.8) (0.5) (0.6) 74.0 (82.6) (0.8) (2.9) (6.8) (0.5) (3.3) (3.5) (11.0) (2.5) (1.4) (4.9) 0 (4.9) 257.6 0 0 0 0 (8.5) 198.8 49.0
Financing Cash Flow (1.8) 0.1 (4.0) (13.9) (11.6) (1.8) (6.8) 99.3 (4.6) (16.7) (4.2) (11.7) (10.8) (31.6) (8.7) (0.7) (195.6) (1.3) (1.6) (1.6) (1.6) (1.6) 247.1 198.7 49.0
Cash Position
Net Change in Cash 40.9 (42.4) (8.3) (46.7) (44.0) 36.2 (32.0) 79.5 28.4 (137.3) (37.1) 2.9 51.7 (22.1) (13.6) (26.3) (175.5) 1.3 27.6 148.1 27.4 (5.7) 1.0 172.6 57.0
Cash at Beginning 103.3 145.7 154.0 200.7 244.6 208.5 240.4 160.9 132.4 269.7 306.9 304.0 252.3 274.4 288.0 314.3 489.8 488.5 460.9 312.8 285.3 291.1 0 138.3 81.3
Cash at End 144.2 103.3 145.7 154.0 200.7 244.6 208.5 240.4 160.9 132.4 269.7 306.9 304.0 252.3 274.4 288.0 314.3 489.8 488.5 460.9 312.8 285.3 1.0 310.9 138.3
Free Cash Flow 46.0 (43.9) (4.1) (32.9) (32.7) 39.2 (18.9) (19.1) 33.9 29.3 28.2 14.6 62.5 9.5 (5.0) (25.6) 20.1 4.2 29.2 149.7 29.0 (4.1) (31.3) (24.2) 10.8
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 125.8 126.8 136.4 143.6 164.0 199.8 186.6 198.3 190.9 198.3 188.1 165.4 161.1 165.0 156.8 147.7 130.8 163.9 139.5 115.5 24.1 1.4 (7.1) (28.9) 69.7
Gross Profit 74.3 84.7 92.0 101.1 119.5 147.3 135.6 149.6 141.3 147.0 137.7 122.8 123.3 126.7 119.2 115.3 98.6 127.7 109.1 95.5 20.2 (1.0) (7.5) (30.2) 49.8
Operating Income (7.7) (18.1) (22.8) (331.7) (4.3) 2.9 10.8 7.9 20.7 10.1 20.1 17.6 33.5 24.8 21.7 17.9 13.7 45.5 15.5 19.5 (3.9) (17.0) (21.9) (648.0) (29.2)
Net Income (14.6) (275.2) (8.5) (139.7) (5.9) (0.9) 5.3 (1.1) 6.1 25.0 6.7 30.7 12.2 10.1 7.7 9.7 1.3 3.3 (1.8) 2.6 (20.3) (33.4) (40.2) (662.1) (38.5)
EPS (Diluted) -1.35 -40.95 -1.91 -25.40 -0.94 -0.08 0.51 -0.18 0.88 1.96 1.65 4.00 3.00 2.40 4.60 5.40 0.79 0.84 -0.48 0.69 -5.20 -8.60 -10.40 -172.00 -10.00
Balance Sheet
Cash & Equivalents 143.6 102.7 145.1 153.0 199.5 243.5 202.3 234.3 160.9 125.5 268.7 306.2 303.3 251.5 273.9 287.8 314.1 489.5 488.5 460.9 312.8 285.3 1.0
Total Assets 691.7 636.9 1,107.1 1,149.3 1,605.5 1,636.1 1,610.6 1,654.7 1,589.2 1,550.1 1,385.1 1,324.7 1,227.5 1,151.4 1,180.5 1,223.1 1,274.2 1,408.8 1,413.1 1,407.1 1,192.3 1,159.1 545.4
Total Debt 19.8 403.8 21.0 406.6 408.0 407.6 405.5 406.6 283.2 284.8 285.1 281.4 282.0 282.6 281.9 278.0 277.5 460.1 904.3 895.8 887.4 877.3 0
Stockholders' Equity (95.4) (85.1) 272.2 217.3 380.7 261.1 329.4 155.8 139.6 105.0 (120.3) (293.3) (397.3) (382.7) (425.5) (425.6) (875.2) (860.7) (303.1) (300.2) (62.5) (271.8) 531.6
Cash Flow
Operating Cash Flow 46.0 (38.2) 0.5 (28.6) (25.3) 47.8 (19.2) (13.8) 39.2 32.9 31.7 17.6 65.1 13.0 (0.0) (22.1) 23.5 4.7 32.3 152.2 30.8 (2.9) (31.0) (24.2) 11.1
Capital Expenditure (0.0) (5.7) (4.6) (4.2) (7.4) (8.6) 0.3 (5.3) (5.3) (3.7) (3.5) (3.0) (2.6) (3.5) (5.0) (3.5) (3.4) (0.4) (3.1) (2.5) (1.7) (1.2) (0.3) (0.0) (0.3)
Free Cash Flow 46.0 (43.9) (4.1) (32.9) (32.7) 39.2 (18.9) (19.1) 33.9 29.3 28.2 14.6 62.5 9.5 (5.0) (25.6) 20.1 4.2 29.2 149.7 29.0 (4.1) (31.3) (24.2) 10.8