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Vivid Seats Inc.(SEAT)Earnings, Financials & Key Ratios
SEAT•NASDAQ
$6.75
Price updated Jul 7, 2026
SectorCommunication ServicesIndustryInternet ServicesSub-IndustryOnline Marketplaces and Classifieds
AboutVivid Seats Inc. operates as an online secondary marketplace for tickets in the United States and Canada. The company operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers; processes ticket sales on its website and mobile applications through its distribution partners; and sells tickets for live sports, concerts, and theater shows, and other live events. This segment offers Skybox, a proprietary enterprise resource planning tool that helps ticket sellers manage ticket inventories, adjust pricing, and fulfill orders across multiple ticket resale marketplaces. The Resale segment acquires tickets to resell on secondary ticket marketplaces; and provides internal research and development support for Skybox and to deliver seller software and tools. The company was founded in 2001 and is headquartered in Chicago, Illinois.Show more
- Revenue$571M-26.4%
- EBITDA$9M-89.7%
- Net Income-$429M-4654.9%
- EPS (Diluted)-69.20-6278.6%
- Gross Margin60.96%-17.6%
- EBITDA Margin1.6%-86.0%
- Operating Margin-7.32%-234.5%
- Net Margin-75.21%-6289.4%
- ROE-162.34%-10441.2%
SEAT Price & Volume
Vivid Seats Inc. (SEAT) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Challenges Structural Solvency Risks
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Mixed
Primary Risk:Negative equity and insolvency
Key Thesis Takeaways
- Vivid Seats faces a precarious outlook characterized by a 23.3% year-over-year revenue decline in 2026Q1 and a shift into negative equity of -$95.4 million.
- While the company attempts to leverage its Skybox platform, the inability to maintain positive operating margins—which reached -6.1% in the most recent quarter—suggests significant structural inefficiencies.
- Investors should remain cautious as the company struggles with liquidity constraints and the ongoing erosion of its competitive position in the secondary ticketing market.
Verdict Logic
the company's inability to sustain positive net income, combined with a negative equity position of -$95.4 million, indicates severe long-term solvency risks that outweigh current operational efforts.
SEAT Growth Metrics
Vivid Seats Inc. (SEAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years74.7%
3 Years-1.67%
TTM-28.88%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-16791.25%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-9930.26%
Return on Capital
10 Years-5.96%
5 Years5.05%
3 Years2.39%
Last Year-5.41%
SEAT Recent Earnings
Vivid Seats Inc. (SEAT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 8/12 qtrs (67%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.35-31.1%
$1.03
Rev
$126M+1.0%
$125M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$10.39-474.0%
$1.81
Rev
$127M-7.5%
$137M
Q4 2025
Nov 6, 2025Metric
Actual
Est
EPS
$1.91-13.7%
$1.68
Rev
$136M-0.6%
$137M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$5.60+800.0%
$0.80
Rev
$144M+2.7%
$140M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.35vs $1.03-31.1% | $126Mvs $125M+1.0% |
| Q2 2026 | Mar 12, 2026 | $10.39vs $1.81-474.0% | $127Mvs $137M-7.5% |
| Q4 2025 | Nov 6, 2025 | $1.91vs $1.68-13.7% | $136Mvs $137M-0.6% |
| Q3 2025 | Aug 5, 2025 | $5.60vs $0.80+800.0% | $144Mvs $140M+2.7% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Vivid Seats Inc. (SEAT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $6.75 | $55.99M | -0.10 | -26.41% | -75.21% | -162.34% | — | |
| $183.92 | $42.74B | -766.33 | 8.83% | 0.33% | 4.44% | — | |
| $4.51 | $435.58M | -41.00 | -10.22% | -3.6% | -5.85% | — | |
| $390.73 | $9.41B | -420.14 | 1.18% | -2.07% | — | — | |
| $74.98 | $3.55B | 97.38 | -1.72% | 4.81% | 8.89% | — | |
| $156.48 | $5.63B | -27.55 | — | 9.04% | 5.36% | — |
Compare SEAT vs Peers
Vivid Seats Inc. (SEAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SEAT SEC Filings & Documents
Vivid Seats Inc. (SEAT) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SEAT Frequently Asked Questions
Vivid Seats Inc. (SEAT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Vivid Seats Inc.'s revenue?
Vivid Seats Inc. (SEAT) reported $532.5M in revenue for fiscal year 2025. This represents a 14% increase from $468.9M in 2019.
How fast is Vivid Seats Inc. growing?
Vivid Seats Inc. (SEAT) saw revenue decline by 26.4% over the past year.
Is SEAT profitable?
Vivid Seats Inc. (SEAT) reported a net loss of $438.0M for fiscal year 2025.
Dividend & Returns
What is SEAT's return on equity?
Vivid Seats Inc. (SEAT) has a return on equity (ROE) of -162.3%. Negative ROE indicates the company is unprofitable.
What is Vivid Seats Inc.'s free cash flow?
Vivid Seats Inc. (SEAT) had negative free cash flow of $34.9M in fiscal year 2025, likely due to heavy capital investments.