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MARKETS / NASDAQ / SEAT
NASDAQ · SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION · MID CAP

Vivid Seats Inc. SEAT

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$450.5M
▼ 30.5% YoY
$806.1M
▲ 5903.2% YoY
$-93.8M
▼ 288.7% YoY
In brief

What this company does

The company operates its business in two segments: Marketplace and Resale. In its Marketplace segment, the company acts as an intermediary between ticket buyers, sellers and partners, earning revenue from processing ticket sales for live events and facilitating the booking of hotel rooms and packages. In its Resale segment, the company acquires tickets to resell on secondary ticket marketplaces, including its own. Vivid Seats was founded in 2001. VSI was incorporated in 2021 to complete a merger transaction with Horizon Acquisition Corporation, a publicly traded special purpose acquisition company.

Written from the business description in Vivid Seats Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth
USD 450.5M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 450.5 · Net income 806.1
400M800M-400M2019202020212022202320242025
Compound annual growth
−4.1%
+80.9%
+125.0%
−17.4%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +80.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−160 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -144.7% · Net -160.1%
-1000%-2000%-3000%2019202020212022202320242025
ROE
FY2025 · ROE 916.1%
500%2019202020212022202320242025

Each USD of equity produced 916 cents of profit this year.

Cash & shareholders
USD 18.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -93.8
80M160M-40M-80M2019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 18.3
20M20212022202320242025

USD 18.3M in buybacks — 2% of the year's profit went back to shareholders.

Total assetsUSD 636.9M
EquityUSD -85.1M
CashUSD 102.7M
Gross debtUSD 383.4M
Net debtUSD 280.7M
Current ratio0.59×

Equity was negative — liabilities exceeded assets. No ratio is shown.

The 7-year record
7 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 2025202420232022202120202019
Revenue $B0.50.60.60.50.40.00.4
Operating income $B−0.70.00.10.1−0.0−0.8−0.1
EBITDA $B−0.60.00.10.1−0.0−0.8−0.1
Income tax $B0.10.0−0.0−0.00.0··
Net income $B0.80.00.10.1−0.0−0.8−0.1
Free cash flow $B−0.10.00.10.00.2−0.00.1
EPS, diluted $·1.125.15····
Dividend / sh $·······
Payout %·······
ROE %916.17.3·····
Shares out B·····0.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures · 1 divergences in 19 reconciliationsAUDITED

Reconciled in 6 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 57 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent
ActivityServices-Miscellaneous Amusement & Recreation
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company, smaller reporting company
Data on record since2019

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