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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

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

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
300M600M-300M-600M
201920222025
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 the five years to FY2025.

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%
201920222025
ROE

No chart to show — the reason differs by year; see each year in the table below.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Cash & shareholders

USD 18.3M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -93.8
100M200M-40M-80M
201920222025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 18.3
15M30M
20212022202320242025

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 zero or negative — liabilities equaled or 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—not applicable◌not available in our data
SEAT, 7-year financial record
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 % — not applicable: no dividend———————
ROE %—7.3————◌
Shares out B◌◌◌◌◌0.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergence in 19 reconciliationsAUDITED

Reconciled in 6 of the 7 fiscal years we could check. 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. 28 checks were skipped: the balance sheet is not tagged before 2021. 16 checks were skipped: the share count is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 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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