SEAT

MKT CAP:$50M

Vivid Seats Inc.

Market Cap

$50M

Communication Services·Internet Content & Information·🇺🇸 United States·NASDAQ

Communication·Internet·🇺🇸·NASDAQ

Stock Price

$7.24+$0.24 (+3.43%)

Apr 22, 2026

Company Details

Vivid 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 buy...

CEO

Lawrence C. Fey

IPO Date

Oct 20, 2021

Website

www.vividseats.com

Key Metrics TTM

Revenue

$281M

— YoY

Net Income

-$53M

EPS (Diluted)

-$13.59

Free Cash Flow

$204M

Revenue / Share

$72.92

Gross Margin

79.8%

Operating Margin

5.0%

Net Margin

-18.8%

FCF Margin

72.6%

P/S

0.2x

P/E

—

Earnings Reports

Q4 2021

May 5, 2026

PENDING

FY 2025

Mar 12, 2026

$571MEPS -$69.20

Q3 2021

Nov 15, 2021

$140M+2070.3%EPS -$0.48

Q2 2021

Jun 30, 2021

$115M+499.7%EPS $0.69

Q1 2021

Mar 31, 2021

$24M-65.4%EPS -$5.20

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 20	$70M	$50M	-$29M
Q2 20	-$29M	-$30M	-$648M
Q3 20	-$7M	-$7M	-$22M
Q4 20	$1M	-$985.0K	-$17M
Q1 21	$24M	$20M	-$4M
Q2 21	$115M	$96M	$19M
Q3 21	$140M	$109M	$15M

Valuation

Quarter	P/S	P/E
Q1 20	—	—
Q2 20	—	—
Q3 20	—	—
Q4 20	22.5x	—
Q1 21	—	—
Q2 21	5.7x	—
Q3 21	2.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 20	$11M	$11M
Q2 20	-$24M	-$24M
Q3 20	-$31M	-$31M
Q4 20	-$3M	-$4M
Q1 21	$31M	$29M
Q2 21	$152M	$150M
Q3 21	$32M	$29M

Capital Expenditures

Quarter	CapEx
Q1 20	$321.0K
Q2 20	$20.0K
Q3 20	$341.0K
Q4 20	$1M
Q1 21	$2M
Q2 21	$2M
Q3 21	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-65.4%	-71.6%
Q2 21	+499.7%	-84.5%
Q3 21	+2070.3%	+736.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 20	$1M	1.7%
Q2 20	$1M	—
Q3 20	$0	—
Q4 20	$812.0K	58.2%
Q1 21	$1M	4.5%
Q2 21	$1M	1.0%
Q3 21	$1M	0.9%

OpEx Breakdown

Quarter	G&A	S&M
Q1 20	$18M	$32M
Q2 20	$19M	$2M
Q3 20	$12M	$2M
Q4 20	$11M	$3M
Q1 21	$14M	$8M
Q2 21	$18M	$46M
Q3 21	$20M	$50M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$314M	$0	$314M
Q2 22	$288M	$0	$288M
Q3 22	$274M	$0	$274M
Q4 22	$252M	$0	$252M
Q1 23	$303M	$0	$303M
Q2 23	$306M	$0	$306M
Q3 23	$269M	$0	$269M
Q4 23	$125M	$0	$125M
Q1 24	$161M	$0	$161M
Q2 24	$234M	$0	$234M
Q3 24	$202M	$0	$202M
Q4 24	$243M	$0	$243M
Q1 25	$199M	$0	$199M
Q2 25	$153M	$0	$153M
Q3 25	$145M	$0	$145M
Q4 25	$103M	$0	$103M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 20	4M	—	—
Q2 20	4M	0.0%	—
Q3 20	4M	0.0%	—
Q4 20	4M	0.0%	—
Q1 21	4M	0.0%	0.0%
Q2 21	4M	0.0%	0.0%
Q3 21	4M	0.0%	0.0%

Shares Outstanding