SEAT on Nasdaq
Vivid Seats Inc.
American miscellaneous amusement and recreation services company.
Price unavailable
Last updated Oct 18, 2026.
Overview
Compare with Pursuit Attractions & Hospitality, Inc., Golden Entertainment or Xponential Fitness, Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Owned Properties brought in 45% of the revenue Vivid Seats Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Owned Properties | $462.3M | $533.1M | $393.5M |
| Concerts | $308.5M | $283.2M | $186.1M |
| Sports | $199.8M | $202.2M | $142.6M |
| Theater | $83.3M | $137.7M | $102.1M |
| Private Label | $135.1M | $114.8M | $57.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Income tax8¢$69.4M
- Profit92¢$806.1M
Out of $450.5M in revenue.3
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Depreciation and amortization | $49.4M | $44.2M | $17.2M |
| Impairment charges | $723.0M | $0 | $0 |
| Change in fair value of contingent consideration | $0 | $0 | -$998.0K |
| Loss on extinguishment of debt | $801.0K | $0 | $0 |
| Income (loss) before income taxes | -$652.1M | $22.7M | $70.9M |
| Income tax expense (benefit) | $69.4M | $8.4M | -$42.2M |
| Net income (loss) | -$721.5M | $14.3M | $113.1M |
| Net income (loss) attributable to redeemable noncontrolling interests | -$429.3M | $9.4M | $74.5M |
| Net income (loss) attributable to Class A common stockholders | $806.1M | $13.4M | $69.4M |
| Basic | $16.08 | ||
| Diluted | $1.12 | $5.15 | |
| Basic | 4.6M shares | ||
| Diluted | 10.5M shares | 9.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $102.7M | $243.5M | |
| Restricted cash | $604.0K | $1.2M | |
| Accounts receivable- net | $30.7M | $48.3M | |
| Inventory - net | $18.2M | $19.6M | |
| Prepaid expenses and other current assets | $26.3M | $32.6M | |
| Total current assets | $178.5M | $345.2M | |
| Property and equipment - net | $12.4M | $12.6M | |
| Right-of-use assets - net | $10.5M | $12.0M | |
| Intangible assets - net | $141.5M | $233.1M | |
| Goodwill - net | $283.9M | $943.1M | $947.4M |
| Deferred tax assets - net | $1.1M | $78.0M | |
| Investments | $5.4M | $6.9M | |
| Other assets | $3.6M | $5.2M | |
| Total Assets | $636.9M | $1.6B | |
| Accounts payable | $153.4M | $233.0M | |
| Accrued expenses and other current liabilities | $126.0M | $165.0M | |
| Deferred revenue | $20.0M | $23.8M | $34.7M |
| Current maturities of long-term debt | $3.9M | $4.0M | |
| Total current liabilities | $303.3M | $425.8M | |
| Long-term debt - net | $383.4M | $385.0M | |
| Long-term lease liabilities | $16.5M | $18.7M | |
| TRA liability | $0 | $155.7M | |
| Other liabilities | $18.8M | $36.9M | |
| Total liabilities | $722.0M | $1.0B | |
| Redeemable noncontrolling interests | $0 | $352.9M | |
| Additional paid-in capital | $1.4B | $1.3B | |
| Treasury stock, at cost, 949,665 and 571,687 shares at December 31, 2025 and 2024, respectively | -$93.9M | -$75.6M | |
| Accumulated deficit | -$1.4B | -$930.2M | |
| Accumulated other comprehensive income (loss) | $173.0K | -$880.0K | $747.0K |
| Total shareholders' equity (deficit) | -$85.1M | $261.1M | |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity (deficit) | $636.9M | $1.6B | |
| Treasury stock, shares | 949.7K shares | 571.7K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $102.7M | $243.5M | |
| Restricted cash | $604.0K | $1.2M | |
| Accounts receivable- net | $30.7M | $48.3M | |
| Inventory - net | $18.2M | $19.6M | |
| Prepaid expenses and other current assets | $26.3M | $32.6M | |
| Total current assets | $178.5M | $345.2M | |
| Property and equipment - net | $12.4M | $12.6M | |
| Right-of-use assets - net | $10.5M | $12.0M | |
| Intangible assets - net | $141.5M | $233.1M | |
| Goodwill - net | $283.9M | $943.1M | $947.4M |
| Deferred tax assets - net | $1.1M | $78.0M | |
| Investments | $5.4M | $6.9M | |
| Other assets | $3.6M | $5.2M | |
| Total Assets | $636.9M | $1.6B | |
| Accounts payable | $153.4M | $233.0M | |
| Accrued expenses and other current liabilities | $126.0M | $165.0M | |
| Deferred revenue | $20.0M | $23.8M | $34.7M |
| Current maturities of long-term debt | $3.9M | $4.0M | |
| Total current liabilities | $303.3M | $425.8M | |
| Long-term debt - net | $383.4M | $385.0M | |
| Long-term lease liabilities | $16.5M | $18.7M | |
| TRA liability | $0 | $155.7M | |
| Other liabilities | $18.8M | $36.9M | |
| Total liabilities | $722.0M | $1.0B | |
| Redeemable noncontrolling interests | $0 | $352.9M | |
| Additional paid-in capital | $1.4B | $1.3B | |
| Treasury stock, at cost, 949,665 and 571,687 shares at December 31, 2025 and 2024, respectively | -$93.9M | -$75.6M | |
| Accumulated deficit | -$1.4B | -$930.2M | |
| Accumulated other comprehensive income (loss) | $173.0K | -$880.0K | $747.0K |
| Total shareholders' equity (deficit) | -$85.1M | $261.1M | |
| Total liabilities, redeemable noncontrolling interests, and shareholders' equity (deficit) | $636.9M | $1.6B | |
| Treasury stock, shares | 949.7K shares | 571.7K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 4 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income (loss) | -$721.5M | $14.3M | $113.1M | |
| Depreciation and amortization | $49.4M | $44.2M | $17.2M | |
| Amortization of leases | $1.5M | $1.7M | $818.0K | |
| Amortization of deferred financing costs | $970.0K | $988.0K | $924.0K | |
| Equity-based compensation | $36.7M | $50.4M | $27.6M | |
| Change in fair value of warrants | -$5.9M | -$4.0M | -$971.0K | |
| Loss on asset disposals | $555.0K | $277.0K | $685.0K | |
| Change in fair value of derivative asset | $2.2M | $800.0K | -$536.0K | |
| Deferred income tax expense (benefit) | $74.7M | $1.2M | -$44.9M | |
| Non-cash interest income - net | $651.0K | -$890.0K | -$261.0K | |
| Unrealized foreign currency loss (gain) | -$126.0K | $4.1M | -$2.2M | |
| Adjustment of liabilities under TRA | -$150.7M | -$6.2M | $574.0K | |
| Loss on extinguishment of debt | $801.0K | $0 | $0 | |
| Impairment charges | $723.0M | $0 | $0 | |
| Write-off of Sponsorship Loan | $2.0M | $0 | $0 | |
| Change in fair value of contingent consideration | $0 | $0 | -$998.0K | |
| Accounts receivable - net | $17.5M | $9.8M | -$17.1M | |
| Inventory - net | $1.4M | $1.4M | -$8.2M | |
| Prepaid expenses and other current assets | $5.8M | $1.2M | -$1.2M | |
| Accounts payable | -$79.5M | -$23.7M | $53.8M | |
| Accrued expenses and other current liabilities | -$35.8M | -$30.2M | $1.3M | |
| Deferred revenue | -$3.8M | -$10.9M | $827.0K | |
| Long-term Lease Liabilities | -$2.3M | -$994.0K | $0 | |
| Other assets and liabilities - net | -$9.4M | $358.0K | $6.7M | |
| Net cash provided by operating activities | -$91.6M | $53.9M | $147.3M | |
| Purchases of property and equipment | -$2.2M | -$4.2M | -$895.0K | |
| Purchases of personal seat licenses | -$983.0K | -$737.0K | -$542.0K | |
| Investments in developed technology | -$16.1M | -$19.0M | -$11.3M | |
| Disbursement of Sponsorship Loan | $0 | -$2.0M | $0 | |
| Payments toward Acquired Domain Name Obligation | $0 | -$417.0K | $0 | |
| Transfer of cash consideration during 2023 Acquisitions, net of cash acquired | $0 | $0 | -$206.9M | |
| Investment in Note and Warrant | $0 | $0 | -$6.0M | |
| Net cash used in investing activities | -$20.2M | -$26.7M | -$225.6M | |
| Payments of Shoko Chukin Bank Loan | $0 | -$2.7M | -$279.0K | |
| Payments of Acquired Domain Name Obligation | -$2.0M | $0 | $0 | |
| Repurchases of Class A common stock | -$18.3M | -$23.0M | -$20.1M | |
| Tax distributions to redeemable noncontrolling interests | -$1.7M | -$10.0M | -$14.3M | |
| Payments of deferred financing costs and other debt-related expenses | -$162.0K | -$315.0K | $0 | |
| Payments of taxes related to net settlement of equity incentive awards | -$1.9M | -$714.0K | $0 | |
| Payment of liabilities under TRA | -$4.0M | -$77.0K | $0 | |
| Mergers and exchange of Class B common stock for Class A common stock in connection with Corporate Simplification | $1.6M | $0 | $0 | |
| Repurchase and retirement of fractional shares resulting from Reverse Stock Split value | -$5.0K | $0 | $0 | |
| Cash paid for milestone payments | $0 | $0 | -$6.0M | |
| Net cash provided by (used in) financing activities | -$29.4M | $86.1M | -$43.4M | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | -$200.0K | -$1.0M | $1.9M | |
| Net increase (decrease) in cash and cash equivalents and restricted cash | -$141.3M | $112.2M | -$119.9M | |
| Cash paid for interest | $27.7M | $19.5M | $19.3M | |
| Cash paid for income tax | $6.4M | $5.5M | $4.0M | |
| Cash paid for operating lease liabilities | $3.4M | $3.4M | $1.2M | |
| Equity-based compensation expense related to capitalized development costs | $650.0K | $766.0K | $428.0K | |
| Right-of-use assets obtained in exchange for operating lease liabilities | $0 | $4.7M | $0 | $3.4M |
| Repurchase Of Common Stock Recorded In Accounts Payable | $57.0K | $0 | $0 | |
| Property and equipment acquired through tenant improvement allowance | $0 | $651.0K | $0 | |
| Reclassification of Intermediate Warrants from liability instruments to equity instruments | $312.0K | $0 | $0 | |
| Issuance of Class A common stock to terminate TRA | $5.0M | $0 | $0 | |
| Tax Distribution to Redeemable Noncontrolling Interests Recorded in Prepaid Expenses and Other Current Assets | $239.0K | $0 | $0 | |
| Domain obtained through Acquired Domain Name Obligation | $0 | $17.3M | $0 | |
| Reduction of deferred tax assets under the repurchases of Class A common stock, net of tax impacts | $0 | $2.0M | $0 | |
| Transfer of non-cash consideration during Vegas.com Acquisition | $0 | $0 | $95.5M | |
| Establishment of liabilities under TRA | $0 | $0 | $165.2M | |
| Establishment of deferred tax assets under 2023 Secondary Offerings and other equity transactions | $0 | $0 | $67.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Vivid Seats Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
2025
- Chief executive officerLawrence Fey Nov 14, 2025 to now11
- Chief executive officerStanley Chia Oct 18, 2021 to Nov 14, 202512
- Chief financial officerEdward Pickus Dec 15, 2025 to now13
- Chief financial officerLawrence Fey Oct 18, 2021 to Dec 15, 202514
Board members and other officers (16)
- Chief Technology OfficerStefano Langenbacher Mar 20, 2024 to now15
- Chief Technology OfficerJonathan Miles Wagner Oct 18, 2021 to Mar 13, 202416
- SVP, Strategy & ProductRiva Bakal Oct 18, 2021 to now17
- Chief Accounting OfficerEdward Pickus Nov 1, 2021 to now18
- Board memberLawrence Fey Jun 15, 2026 to now19
- Board memberAdam Stewart Nov 5, 2024 to now20
- Board memberCraig A. Dixon Oct 18, 2021 to now21
- Board memberDavid Donnini Oct 18, 2021 to now22
- Board memberJane E. Deflorio Oct 18, 2021 to now23
- Board memberJulie Masino Oct 18, 2021 to now24
- Board memberMartin A. Taylor Oct 18, 2021 to Jan 25, 202225
- Board memberStanley Chia Oct 18, 2021 to now12
- Board memberTom Ehrhart Oct 18, 2021 to Oct 22, 202426
- General counselAustin Arnett Dec 1, 2025 to now27
- General counselEmily T. Epstein Oct 24, 2022 to now28
- General counselDavid E. Morris Oct 18, 2021 to Oct 21, 202229
Timeline
Filings
530 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 49 major events, 346 insider forms, 15 large holders, 1 private raises, 98 other. The latest 20:
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 14, 20264 EDGAR
- Aug 4, 202610-Q EDGAR
- Aug 4, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 11, 20264 EDGAR
- Jun 11, 20264 EDGAR
- Jun 11, 20264 EDGAR
- Jun 11, 20264 EDGAR
The 530 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 15 such filings since October 2021, the latest 10:
- Feb 4, 2026SCHEDULE 13G
- Nov 7, 2025SCHEDULE 13D
- Jul 25, 2025SCHEDULE 13G
- Nov 13, 2024SC 13G/A
- Feb 9, 2024SC 13G/A
- Feb 9, 2024SC 13G/A
- Jan 26, 2024SC 13G/A
- Feb 9, 2023SC 13G/A
- Feb 9, 2023SC 13G/A
- Feb 8, 2023SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 13, 2021Raised $22.9 million in a private offering of equity Form D: 75 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 75. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Gtcr LLC | 3,768,633 | $24.6M | 0.6% | No change |
| Security Benefit Life Insurance Co /ks/ | 2,192,103 | $14.3M | 7.9% | No change |
| BlackBarn Capital Partners LP | 500,000 | $3.3M | 0.8% | No change |
| Emeth Value Capital, LLC | 244,190 | $1.6M | 5.5% | −502,349 |
| Vanguard Capital Management LLC | 233,241 | $1.5M | 0.0% | +2,923 |
| Marshall Wace, Llp | 201,297 | $1.3M | 0.0% | New |
| Quantinno Capital Management LP | 191,192 | $1.2M | 0.0% | +62,791 |
| Aqr Capital Management LLC | 188,510 | $1.2M | 0.0% | +149,359 |
| BlackRock, Inc. | 99,940 | $651.6K | 0.0% | −208,490 |
| Bank Of America Corp /de/ | 90,291 | $588.7K | 0.0% | −4,198 |
| Geode Capital Management, LLC | 86,901 | $566.8K | 0.0% | −79,302 |
| Veradace Capital Management LLC | 70,341 | $458.6K | 0.4% | No change |
| Silver Rock Financial LP | 56,943 | $371.3K | 1.4% | No change |
| Goldman Sachs Group Inc | 53,640 | $349.7K | 0.0% | −11,892 |
| Mariner, LLC | 49,655 | $323.8K | 0.0% | +4,497 |
| Jane Street Group, LLC | 46,948 | $306.1K | 0.0% | −6,355 |
| Vanguard Fiduciary Trust Co | 41,877 | $273.0K | 0.0% | −3,813 |
| UBS Group AG | 36,224 | $236.2K | 0.0% | −9,558 |
| Morgan Stanley | 32,837 | $214.1K | 0.0% | −2,255 |
| Mercer Global Advisors Inc /adv | 29,289 | $191.0K | 0.0% | +11,140 |
| Corient Private Wealth LP | 27,739 | $180.9K | 0.0% | −984 |
| State Street Corp | 26,837 | $175.0K | 0.0% | −58,322 |
| Converium Capital Inc. | 24,245 | $158.1K | 0.1% | New |
| Jain Global LLC | 19,992 | $130.3K | 0.0% | New |
| Bridgeway Capital Management, LLC | 18,500 | $120.6K | 0.0% | +6,000 |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARRiva Bakal, SVP, Strategy & Product
- 18
- 19SEC EDGARLawrence Fey, Board member
- 20SEC EDGARAdam Stewart, Board member
- 21SEC EDGARCraig A. Dixon, Board member
- 22SEC EDGARDavid Donnini, Board member
- 23SEC EDGARJane E. Deflorio, Board member
- 24SEC EDGARJulie Masino, Board member
- 25SEC EDGARMartin A. Taylor, Board member
- 26SEC EDGARTom Ehrhart, Board member
- 27SEC EDGARAustin Arnett, General counsel
- 28SEC EDGAREmily T. Epstein, General counsel
- 29SEC EDGARDavid E. Morris, General counsel