Vivid Seats Inc.

Listed Company

SEATCIK 0001856031NasdaqEmerging GrowthServices-Miscellaneous Amusement & RecreationDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$806.05M

Total Assets

$636.87M

Equity

$-85.13M

Shares Out

10.99M

Op. Cash Flow

$-91.60M

SEAT$7.04+313.82% · past yearDBEQ Basic

Daily closing prices

Business

Vivid Seats Inc. is an online ticket marketplace connecting fans with ticket sellers for live events including concerts, sports, and theater. The company operates two segments: Marketplace, earning service and delivery fees from buyers, and Resale, acquiring and reselling tickets. Vivid Seats provides Skybox, a free cloud-based ERP for sellers, and Skybox Drive, a subscription pricing optimization service. The company owns its core marketplace platform, Vegas.com, and Wavedash, and operates private-label distribution partnerships.

Summary from 10-K filed 2026-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	49	44	17	8	2
Impairment charges	723	0	0	0	0
Change in fair value of contingent consideration	0	0	−998,000	−2	0
Loss on extinguishment of debt	801,000	0	0	4	36
Income (loss) before income taxes	−652	23	71	69	−19
Income tax expense (benefit)	69	8	−42	−2	304,000
Net income (loss)	−721	14	113	29	−19
Net income (loss) attributable to redeemable noncontrolling interests	−429	9	75	29	—
Net income (loss) attributable to Class A common stockholders	806	13	69	71	−5
Basic (per share)	—	—	16.08	—	—
Diluted (per share)	—	1.12	5.15	—	—
Basic (shares)	—	—	5	—	—
Diluted (shares)	—	10	10	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	103	243	125	252	490
Restricted cash	604,000	1	7	748,000	280,000
Accounts receivable- net	31	48	58	37	36
Inventory - net	18	20	21	13	12
Prepaid expenses and other current assets	26	33	34	30	73
Total current assets	178	345	246	332	610
Property and equipment - net	12	13	10	10	1
Right-of-use assets - net	11	12	10	8	0
Intangible assets - net	142	233	241	82	79
Goodwill - net	284	943	947	715	718
Deferred tax assets - net	1	78	86	0	—
Investments	5	7	7	0	—
Other assets	4	5	3	4	787,000
Total Assets	637	1,636	1,550	1,151	1,409
Accounts payable	153	233	258	161	191
Accrued expenses and other current liabilities	126	165	192	182	281
Deferred revenue	20	24	35	32	25
Current maturities of long-term debt	4	4	4	3	0
Total current liabilities	303	426	488	378	497
Long-term debt - net	383	385	265	265	460
Long-term lease liabilities	16	19	16	15	0
TRA liability	0	156	166	0	—
Other liabilities	19	37	29	13	26
Total liabilities	722	1,022	963	—	—
Commitments and contingencies (Note 18)	—	—	—	—	—
Redeemable noncontrolling interests	0	353	482	863	1,286
Additional paid-in capital	1,368	1,268	1,096	664	182
Treasury stock, at cost, 949,665 and 571,687 shares at December 31, 2025 and 2024, respectively	−94	−76	−53	−32	0
Accumulated deficit	−1,359	−930	−940	−1,014	−1,043
Accumulated other comprehensive income (loss)	173,000	−880,000	747,000	0	—
Total shareholders' equity (deficit)	−85	261	105	−383	—
Total liabilities, redeemable noncontrolling interests, and shareholders' equity (deficit)	637	1,636	1,550	1,151	1,409

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of leases	2	2	818,000	2	0
Amortization of deferred financing costs	970,000	988,000	924,000	1	4
Equity-based compensation	37	50	28	19	6
Change in fair value of warrants	−6	−4	−971,000	−8	1
Loss on asset disposals	555,000	277,000	685,000	369,000	0
Change in fair value of derivative asset	2	800,000	−536,000	0	0
Deferred income tax expense (benefit)	75	1	−45	−2	—
Non-cash interest income - net	651,000	−890,000	−261,000	0	0
Unrealized foreign currency loss (gain)	−126,000	4	−2	0	0
Adjustment of liabilities under TRA	−151	−6	574,000	0	0
Write-off of Sponsorship Loan	2	0	0	—	—
Accounts receivable - net	18	10	−17	−329,000	−874,000
Inventory - net	1	1	−8	−1	−4
Prepaid expenses and other current assets	6	1	−1	43	8
Accounts payable	−79	−24	54	−31	128
Accrued expenses and other current liabilities	−36	−30	1	−94	14
Deferred revenue	−4	−11	827,000	7	19
Long-term Lease Liabilities	−2	−994,000	0	0	—
Other assets and liabilities - net	−9	358,000	7	−4	−189,000
Net cash provided by operating activities	−92	54	147	14	176
Purchases of property and equipment	−2	−4	−895,000	−4	−1
Purchases of personal seat licenses	−983,000	−737,000	−542,000	−165,000	−76,000
Investments in developed technology	−16	−19	−11	−12	−8
Disbursement of Sponsorship Loan	0	−2	0	0	—
Payments toward Acquired Domain Name Obligation	0	−417,000	0	—	—
Transfer of cash consideration during 2023 Acquisitions, net of cash acquired	0	0	−207	−8,000	301,000
Investment in Note and Warrant	0	0	−6	0	0
Net cash used in investing activities	−20	−27	−226	−15	−9
Payments of Shoko Chukin Bank Loan	0	−3	−279,000	0	—
Payments of Acquired Domain Name Obligation	−2	0	0	0	—
Repurchases of Class A common stock	−18	−23	−20	—	—
Tax distributions to redeemable noncontrolling interests	−2	−10	−14	—	—
Payments of deferred financing costs and other debt-related expenses	−162,000	−315,000	0	−5	0
Payments of taxes related to net settlement of equity incentive awards	−2	−714,000	0	0	—
Payment of liabilities under TRA	−4	−77,000	0	0	—
Mergers and exchange of Class B common stock for Class A common stock in connection with Corporate Simplification	2	0	0	0	278
Cash paid for milestone payments	0	0	−6	−1	0
Net cash provided by (used in) financing activities	−29	86	−43	−236	38
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	−200,000	−1	2	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash	−141	112	−120	−238	204
Cash paid for interest	28	19	19	15	73
Cash paid for income tax	6	5	4	0	0
Cash paid for operating lease liabilities	3	3	1	3	0
Equity-based compensation expense related to capitalized development costs	650,000	766,000	428,000	79,000	0
Right-of-use assets obtained in exchange for operating lease liabilities	0	5	0	3	0
Repurchase Of Common Stock Recorded In Accounts Payable	57,000	0	0	—	—
Property and equipment acquired through tenant improvement allowance	0	651,000	0	6	0
Tax Distribution to Redeemable Noncontrolling Interests Recorded in Prepaid Expenses and Other Current Assets	239,000	0	0	—	—
Domain obtained through Acquired Domain Name Obligation	0	17	0	0	—
Reduction of deferred tax assets under the repurchases of Class A common stock, net of tax impacts	0	2	0	0	—
Transfer of non-cash consideration during Vegas.com Acquisition	0	0	95	0	21
Establishment of liabilities under TRA	0	0	165	0	0
Establishment of deferred tax assets under 2023 Secondary Offerings and other equity transactions	0	0	67	0	0

Filings

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Frequently asked questions

What is Vivid Seats Inc.'s CIK number?

Vivid Seats Inc.'s SEC CIK number is 0001856031 (1856031). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Vivid Seats Inc.'s SEC filings?

All of Vivid Seats Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Vivid Seats Inc. last report earnings?

Vivid Seats Inc. (SEAT) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-018995). This is Vivid Seats Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Vivid Seats Inc.'s most recent earnings 8-K?

Vivid Seats Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001140361-26-018995. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Vivid Seats Inc.'s latest earnings 8-K →
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