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Financials · SEAT

Vivid Seats Inc. (SEAT) financials

For the twelve months ended Jun 30, 2026, Vivid Seats Inc. reported $403.76M of revenue and $1.12B of net income.

Revenue, TTM
$403.76M
Revenue growth, YoY
-28.7%
Net income, TTM
$1.12B
Net margin
278.1%
Free cash flow, TTM
$7.37M
Cash
$136.68M
Total debt
$15.26M
P/E
0.02
P/S
0.06
Market cap
$24.5M
Annual revenue$450.51M
FY2019FY2025
Annual net income$806.05M
FY2019FY2025
Annual free cash flow-$93.76M
FY2019FY2025

SEAT revenue and earnings growth

SEAT revenueQ2 2026$103.95M

Quarter YoY
-9.2%
QoQ
+6.6%
FY YoY
-30.5%
5Y CAGR
+80.9%

SEAT revenue was $103.95M in fiscal Q2 2026 (ended Jun 30, 2026), down 9.2% from a year earlier and up 6.6% from the prior quarter. For the full fiscal 2025 it was $450.51M, down 30.5% from fiscal 2024. Compound annual growth was +80.9% over 5 years. It rose in 4 of the last 6 fiscal years.

SEAT net incomeQ2 2026-$14.32M

FY YoY
60x

SEAT net income was -$14.32M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$335.41M a year earlier. For the full fiscal 2025 it was $806.05M, up about 60-fold from fiscal 2024. It rose in 1 of the last 3 fiscal years. Fiscal 2025 is the highest of the 7 fiscal years on file.

SEAT EPSQ1 2026-$1.35

FY YoY
-78.3%

SEAT diluted EPS was -$1.35 in fiscal Q1 2026 (ended Mar 31, 2026), compared with -$0.94 a year earlier. For the full fiscal 2024 it was $1.12, down 78.3% from fiscal 2023.

SEAT free cash flowQ2 2026-$799.0K

SEAT free cash flow was -$799.0K in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$28.83M a year earlier. For the full fiscal 2025 it was -$93.76M, compared with $49.70M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue$450.51M$647.89M$597.39M$511.09M$389.67M$23.28M$403.64M
Pre-tax income-$652.11M$22.72M$70.94M$69.19M-$18.82M-$774.18M-$53.85M
Income tax$69.39M$8.42M-$42.20M-$1.59M$304.0K--
Net income$806.05M$13.43M$69.42M$70.79M-$5.02M-$774.18M-$53.85M
EPS, basic--$16.08----
EPS, diluted-$1.12$5.15----
Diluted shares-10.5M9.9M----

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Cash and equivalents$102.70M$244.65M$132.43M$252.29M$489.81M$285.34M$81.29M
Receivables$30.66M$48.31M$58.48M$36.53M$36.12M--
Inventory$18.17M$19.60M$21.02M$12.78M$11.77M--
Current assets$178.47M$345.17M$245.99M$331.52M$610.21M--
Goodwill$283.92M$943.12M$947.36M$715.26M$718.20M--
Total assets$636.87M$1.64B$1.55B$1.15B$1.41B--
Current liabilities$303.28M$425.79M$487.76M$378.01M$497.50M--
Long-term debt$16.45M$18.73M$16.21M$14.91M$0--
Total debt$16.45M$18.73M$16.21M$14.91M$0$870.90M-
Total liabilities$722.00M$1.02B$963.34M$1.53B$2.27B--
Shareholders' equity-$85.13M$261.11M$105.02M-$382.70M-$860.68M-$271.78M$518.28M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Operating cash flow-$91.60M$53.92M$147.32M$14.38M$175.79M-$33.89M$76.48M
Capital expenditures$2.16M$4.23M$895.0K$3.56M$1.13M$341.0K$1.26M
Free cash flow-$93.76M$49.70M$146.43M$10.82M$174.66M-$34.23M$75.22M
Investing cash flow-$20.17M-$26.74M-$225.64M-$15.41M-$9.35M-$7.61M-$40.16M
Financing cash flow-$29.37M$86.08M-$43.43M-$236.48M$38.03M$245.54M-$55.46M
Share repurchases$18.30M$22.98M$20.09M$32.49M$0--
Stock-based compensation$36.73M$50.43M$27.61M$19.05M$6.05M$4.29M$5.17M
Depreciation and amortization$49.39M$44.24M$17.18M$7.73M$2.32M$48.25M$93.08M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
Revenue growth, YoY-30.5%8.5%16.9%31.2%1573.8%-94.2%-
Net income growth, YoY5903.2%-80.7%-1.9%----
EPS growth, YoY--78.3%-----
Net margin178.9%2.1%11.6%13.9%-1.3%-3325.4%-13.3%
Free cash flow margin-20.8%7.7%24.5%2.1%44.8%-147.0%18.6%
Return on equity-5.1%66.1%----10.4%
Return on assets126.6%0.8%4.5%6.1%-0.4%--
Current ratio0.590.810.500.881.23--
Debt to equity-0.070.15----

Source: XBRL data Vivid Seats Inc. files with the SEC, latest filing dated Aug 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

SEAT peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
SEAT$403.76M-28.7%$1.12B278.1%$24.5M
DIS$98.86B+4.6%$8.60B8.7%$201.59B
LYV$27.88B+13.5%$151.08M0.5%$41.29B
TKO$5.54B+19.8%$287.24M5.2%$36.02B
WMG$7.30B+12.9%$672.00M9.2%$16.37B
LLYVK$451.16M+28.3%-$50.39M-11.2%$9.78B
LLYVA$451.16M+28.3%-$50.39M-11.2%$9.40B
MSGS$1.16B+13.1%-$14.58M-1.3%$9.36B
DKNG$6.41B+17.4%-$378.83M-5.9%$9.19B

SEAT FAQ

7 questions
  • What is SEAT revenue?
    Vivid Seats Inc. (SEAT) reported $403.76M of revenue for the twelve months ended Jun 30, 2026. That is down 28.7% from the year before. Revenue for fiscal 2025 was $450.51M.
  • Is SEAT profitable?
    Yes. Vivid Seats Inc. earned $1.12B in net income for the twelve months ended Jun 30, 2026, a net margin of 278.1%.
  • How much cash and debt does SEAT have?
    Vivid Seats Inc. reported $136.68M in cash and cash equivalents and $15.26M of debt on its most recent balance sheet in SEC filings.
  • How fast is SEAT revenue growing?
    Vivid Seats Inc.'s revenue changed -30.5% in fiscal 2025, to $450.51M. Its compound annual growth rate was +80.9% over 5 years.
  • What is SEAT free cash flow?
    Vivid Seats Inc. generated $7.37M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of $7.52M less capital expenditures.
  • When did SEAT last report financial results?
    The latest statements here come from Vivid Seats Inc.'s 10-Q filed on Aug 4, 2026, covering the period ended Jun 30, 2026.
  • Where does this SEAT financial data come from?
    Quantisnow builds these statements from the structured XBRL data Vivid Seats Inc. files with the SEC. It is provided for information only and is not investment advice.