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Vivid Seats Inc.

SEAT Clue Score36
United States Fiscal year ends December CIK 0001856031
$3.21 -3.89% Close, 9 Oct 2026
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Price $3.21 −67.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2019Revenue403.6Net income−53.8Fiscal year 2020Revenue23.3 −94.2%Net income−774.2Fiscal year 2021Revenue389.7 +1,573.8%Net income−5.0Fiscal year 2022Revenue511.1 +31.2%Net income70.8Fiscal year 2023Revenue597.4 +16.9%Net income69.4 −1.9%EPS, diluted5.15Fiscal year 2024Revenue647.9 +8.5%Net income13.4 −80.7%EPS, diluted1.12 −78.3%Fiscal year 2025Revenue450.5 −30.5%Net income806.1 +5,903.2%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 403.6 23.3 389.7 511.1 597.4 647.9 450.5
Growth −94.2% +1,573.8% +31.2% +16.9% +8.5% −30.5%
Net income −53.8 −774.2 −5.0 70.8 69.4 13.4 806.1
Growth −1.9% −80.7% +5,903.2%
EPS, diluted n/a n/a n/a n/a 5.15 1.12 n/a
Growth −78.3%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2019Net margin−13.3%Free cash flow margin18.6%Fiscal year 2020Net margin−3,325.4%Free cash flow margin−147.0%Fiscal year 2021Net margin−1.3%Free cash flow margin44.8%Fiscal year 2022Net margin13.9%Free cash flow margin2.1%Fiscal year 2023Net margin11.6%Free cash flow margin24.5%Fiscal year 2024Net margin2.1%Free cash flow margin7.7%Fiscal year 2025Net margin178.9%Free cash flow margin−20.8%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −13.3% −3,325.4% −1.3% 13.9% 11.6% 2.1% 178.9%
Free cash flow margin 18.6% −147.0% 44.8% 2.1% 24.5% 7.7% −20.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow76.5Capital expenditure−1.3Free cash flow75.2Fiscal year 2020Operating cash flow−33.9Capital expenditure−0.3Free cash flow−34.2 −145.5%Fiscal year 2021Operating cash flow175.8Capital expenditure−1.1Free cash flow174.7Buybacks0.0Fiscal year 2022Operating cash flow14.4Capital expenditure−3.6Free cash flow10.8 −93.8%Buybacks−32.5Fiscal year 2023Operating cash flow147.3Capital expenditure−0.9Free cash flow146.4 +1,253.7%Buybacks−20.1Fiscal year 2024Operating cash flow53.9Capital expenditure−4.2Free cash flow49.7 −66.1%Buybacks−23.0Fiscal year 2025Operating cash flow−91.6Capital expenditure−2.2Free cash flow−93.8 −288.7%Buybacks−18.3
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 76.5 −33.9 175.8 14.4 147.3 53.9 −91.6
Capital expenditure −1.3 −0.3 −1.1 −3.6 −0.9 −4.2 −2.2
Free cash flow 75.2 −34.2 174.7 10.8 146.4 49.7 −93.8
Growth −145.5% −93.8% +1,253.7% −66.1% −288.7%
Buybacks n/a n/a 0.0 −32.5 −20.1 −23.0 −18.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash81.3Shareholders’ equity518.3Fiscal year 2020Cash285.3Total debt870.9Net cash (debt)−585.6Shareholders’ equity−271.8Fiscal year 2021Cash489.5Total debt460.1Net cash (debt)29.4Shareholders’ equity−860.7Fiscal year 2022Cash251.5Total debt264.9Net cash (debt)−13.4Shareholders’ equity−382.7Fiscal year 2023Cash125.5Total debt264.6Net cash (debt)−139.1Shareholders’ equity105.0Debt to equity2.52Fiscal year 2024Cash243.5Total debt385.0Net cash (debt)−141.5Shareholders’ equity261.1Debt to equity1.47Fiscal year 2025Cash102.7Total debt383.4Net cash (debt)−280.7Shareholders’ equity−85.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 81.3 285.3 489.5 251.5 125.5 243.5 102.7
Total debt n/a 870.9 460.1 264.9 264.6 385.0 383.4
Net cash (debt) n/a −585.6 29.4 −13.4 −139.1 −141.5 −280.7
Shareholders’ equity 518.3 −271.8 −860.7 −382.7 105.0 261.1 −85.1
Debt to equity n/a n/a n/a n/a 2.52 1.47 n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−13.3% −3,325.4% −4.8% 13.5% 11.9% 3.5% −144.7%
−13.3% −3,325.4% −1.3% 13.9% 11.6% 2.1% 178.9%
18.6% −147.0% 44.8% 2.1% 24.5% 7.7% −20.8%
Spending
0.3% 1.5% 0.3% 0.7% 0.1% 0.7% 0.5%
n/a n/a n/a −2.3% −59.5% 37.0% n/a
Returns
−10.4% n/a n/a n/a 66.1% 5.1% n/a
n/a n/a −0.4% 6.1% 4.5% 0.8% 126.6%
Balance and payout
n/a n/a n/a n/a 2.52 1.47 n/a
n/a n/a n/a n/a 62.1% 62.5% 113.4%
n/a n/a 0.0% 300.4% 13.7% 46.2% n/a