Vivid Seats Inc. SEAT R2K
Vivid Seats Inc. operates as an online ticket marketplace in the United States, Canada, and Japan. It operates in two segments, Marketplace and Resale. The Marketplace segment acts as an intermediary between event ticket buyers and sellers through its website and mobile applications, including Vivid Seats; Vegas.com, an online ticket marketplace for shows, attractions, tours, flights, and hotels in Las Vegas; Wavedash, an online ticket marketplace in Tokyo, Japan; and Vivid Picks, a real-money daily fantasy sports mobile application with social and gamification features. This segment also 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; and sells tickets for sports, concerts, theater events, and other live events. 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.
READ MORE ›Market & Price
Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Revenue declined at -1.7% CAGR over 5 years.
- Earnings shrank at -532.6% CAGR over 5 years.
- Trading 78.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Communication Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SEAT Vivid Seats Inc. R2K | 8.67 | - | $95.26M | - | - | - | -1.67% | -532.60% |
| 2 | GOOGL Alphabet Inc. NDXSPXAI | 380.34 | 28.99 | $4.61T | 0.23% | 32.40% | 38.88% | 12.51% | 30.14% |
| 3 | META Meta Platforms, Inc. NDXSPXAI | 632.51 | 22.99 | $1.61T | 0.33% | 26.87% | 32.93% | 19.89% | 37.61% |
| 4 | NFLX Netflix, Inc. NDXSPXAI | 86.02 | 27.75 | $362.21B | - | 30.26% | 48.49% | 12.64% | 34.71% |
| 5 | APP AppLovin Corporation NDXSPXAI | 613.09 | 53.17 | $205.96B | - | 70.20% | - | 24.84% | 609.87% |
| 6 | TMUS T-Mobile US, Inc. NDXSPX | 187.53 | 19.93 | $202.95B | 2.18% | 9.27% | 18.02% | 3.53% | 61.90% |
| 7 | VZ Verizon Communications Inc. SPX | 47.81 | 11.66 | $199.63B | 5.92% | 8.59% | 17.20% | 0.33% | -6.86% |
| 8 | DIS The Walt Disney Company SPX | 101.83 | 16.29 | $176.83B | 1.47% | 8.46% | 11.01% | 4.51% | 58.00% |
| 9 | T AT&T Inc. SPX | 24.80 | 8.16 | $172.32B | 4.48% | 9.23% | 18.37% | 1.34% | 119.18% |
Quarterly Results
Figures in USD.
| Metric | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -5.83M | 21.99M | 104.65M | 120.47M | - | 110.52M | 129.91M | 130.54M | 136.58M | 139.15M | 154.39M | 160.01M | 170.05M | - | - | 164.02M | 143.57M | 136.37M | 126.81M | 125.78M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44.52M | 42.43M | 44.34M | 42.14M | 39.20M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 119.50M | 101.14M | 92.03M | 84.67M | 86.59M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 123.82M | 112.41M | 114.88M | 102.72M | 95.38M |
| Operating Income | - | -3.93M | 19.48M | 15.47M | - | 13.72M | 17.93M | 21.70M | - | - | - | - | - | - | - | -4.32M | -11.28M | -22.85M | -18.05M | -8.79M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.66M | -169.19M | -9.11M | -409.82M | 2.45M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.67M | 5.63M | 6.11M | 6.33M | 5.93M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -6.63M | -187.16M | -28.94M | -429.37M | -15.79M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.15M | 76.17M | -9.23M | -704.00K | -1.16M |
| Net Income | - | - | - | - | -5.02M | 1.26M | 9.65M | 7.66M | 12.18M | 30.71M | 6.68M | 12.87M | -437.00K | - | - | -5.94M | -139.68M | -8.53M | -275.16M | -14.63M |
| Diluted EPS | - | - | - | - | - | 0.02 | 0.12 | 0.09 | - | - | - | - | - | - | - | -0.94 | -25.40 | -1.91 | -25.57 | -1.33 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 403.64M | 23.28M | - | 600.27M | 712.88M | 775.59M | 570.78M |
| Cost of Revenue | - | - | - | 140.51M | 182.18M | 201.85M | 173.44M |
| Gross Profit | - | - | - | 459.77M | 530.70M | 573.73M | 397.34M |
| Operating Expenses | - | - | - | 383.73M | 450.36M | 531.51M | 453.83M |
| Operating Income | - | - | - | 76.04M | 80.34M | 42.23M | -56.50M |
| EBITDA | - | - | - | 91.95M | 102.44M | 91.83M | -577.46M |
| Interest Expense | - | - | - | 12.86M | 13.51M | 23.17M | 23.74M |
| Pretax Income | - | - | - | 69.19M | 70.94M | 22.72M | -652.11M |
| Tax Provision | - | - | - | -1.59M | -42.20M | 8.42M | 69.39M |
| Net Income | - | - | - | 28.66M | 74.54M | 9.43M | -429.30M |
| Diluted EPS | - | - | - | 7.34 | 10.22 | 1.42 | -69.20 |
Compounded Sales Growth
| 5 Years: | -1.67% |
| 1 Year: | -23.30% |
Compounded Profit Growth
| 5 Years: | -532.60% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -72.21% |
| 6 Months: | +17.00% |
| 3 Months: | +45.47% |
| 1 Month: | +38.94% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total Assets | - | - | - | 1.15B | 1.55B | 1.64B | 636.87M |
| Current Assets | - | - | - | 331.52M | 245.99M | 345.17M | 178.47M |
| Cash & Equivalents | - | - | - | 251.54M | 125.48M | 243.48M | 102.70M |
| Inventory | - | - | - | 12.78M | 21.02M | 19.60M | 18.17M |
| Receivables | - | - | - | 36.53M | 58.48M | 48.31M | 30.66M |
| Total Liabilities | - | - | - | 671.27M | 963.34M | 1.02B | 722.00M |
| Current Liabilities | - | - | - | 378.01M | 487.76M | 425.79M | 303.28M |
| Long Term Debt | - | 870.90M | - | 264.90M | 264.63M | 384.96M | 383.43M |
| Total Debt | - | - | - | 282.56M | 284.78M | 407.64M | 403.81M |
| Total Equity | 518.28M | - | - | -382.70M | 105.02M | 261.11M | -85.13M |
| Shares Outstanding | - | - | - | 4.12M | 7.06M | 7.19M | 11.71M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 76.48M | -33.89M | - | 14.38M | 147.32M | 53.92M | -91.60M |
| Investing Cash Flow | -40.16M | -7.61M | - | -15.41M | -225.64M | -26.74M | -20.17M |
| Financing Cash Flow | -55.46M | 245.54M | - | -236.48M | -43.43M | 86.08M | -29.37M |
| Capital Expenditure | -1.26M | -341.00K | - | -15.41M | -12.78M | -24.39M | -19.25M |
| Free Cash Flow | 75.22M | -34.23M | - | -1.03M | 134.54M | 29.53M | -110.85M |
| Net Change in Cash | - | - | - | -237.52M | -121.75M | 113.26M | -141.14M |
| Share Buybacks | - | - | 0 | 32.49M | 20.09M | 22.98M | 18.30M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 76.6% | 74.4% | 74.0% | 69.6% |
| Operating Margin % | - | - | - | 12.7% | 11.3% | 5.4% | -9.9% |
| Net Margin % | - | - | - | 4.8% | 10.5% | 1.2% | -75.2% |
| ROE % | - | - | - | -7.5% | 71.0% | 3.6% | 504.3% |
| ROCE % | - | - | - | 9.8% | 7.6% | 3.5% | -16.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | GTCR, LLC | 34.30% | 3.77M | $32.67M |
| 2 | SECURITY BENEFIT LIFE INSURANCE CO | 19.95% | 2.19M | $19.01M |
| 3 | Emeth Value Capital, LLC | 6.79% | 746.54K | $6.47M |
| 4 | Blackbarn Capital Partners LP | 4.55% | 500.00K | $4.33M |
| 5 | Sun Life Financial Inc. | 3.78% | 415.53K | $3.60M |
| 6 | Blackrock Inc. | 2.81% | 308.43K | $2.67M |
| 7 | Vanguard Capital Management LLC | 2.10% | 230.32K | $2.00M |
| 8 | Geode Capital Management, LLC | 1.51% | 166.20K | $1.44M |
| 9 | Quantinno Capital Management, LP | 1.17% | 128.40K | $1.11M |
| 10 | Bank of America Corporation | 0.86% | 94.49K | $819.22K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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