STUB on NYSE
StubHub Holdings, Inc.
We believe we operate the largest global secondary ticketing marketplace for live events.5 From its latest annual report
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Last updated Oct 19, 2026.
Overview
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- TickerSTUB on NYSE2
- IndustryServices-Miscellaneous Amusement & Recreation2
- HeadquartersSan Francisco, United States2
- Incorporated inDE4
- Business address175 Greenwich Street, 59Th Floor, New York, Ny 100074
- Filer categoryNon-accelerated filer4
- Legal formCorporation2
- LEI549300EBFYFLLCNBKE852
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 31981822
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We believe we operate the largest global secondary ticketing marketplace for live events. We connect fans around the world with sellers who use our marketplace to reach passionate fans and price tickets efficiently. Our mission is to be the global destination for consumers to access live events and experiences. We envision a future where all live event tickets are widely available to be conveniently purchased and every seat at every venue is filled.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-77.0%Operating margin3
-109.2%Net margin3
-1.4%Revenue growth, 20253
-161.0%Return on equity3
1.27×Debt to equity3
$191.2MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Transaction Fees brought in 98% of the revenue StubHub Holdings, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Transaction Fees | $1.4B | $1.7B | $1.7B |
| Product and Service, Other | $3.3M | $89.8M | $31.1M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs79¢$1.4B
- Income tax21¢$360.6M
Out of $1.7B in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$1.4M
- Share buybacks1¢$1.0M
- Kept or used elsewhere99¢$190.2M
Out of $192.6M of cash from operations.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 |
|---|---|---|---|
| Revenue | $1.7B | $1.8B | $1.4B |
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | $314.0M | $334.1M | $231.9M |
| Operations and support | $63.2M | $59.5M | $66.6M |
| Sales and marketing | $971.7M | $828.0M | $517.8M |
| General and administrative | $1.7B | $386.5M | $275.5M |
| Depreciation and amortization | $25.6M | $24.5M | $22.8M |
| Total costs and expenses | $3.1B | $1.6B | $1.1B |
| (Loss) income from operations | -$1.3B | $138.1M | $253.2M |
| Interest income | $42.4M | $41.1M | $22.5M |
| Interest expense | -$140.0M | -$179.8M | -$155.9M |
| Other income (expense), net | $4.6M | $1.9M | -$1.8M |
| Foreign currency (losses) gains | -$89.7M | $41.1M | -$24.7M |
| Loss on extinguishment of debt | -$18.5M | -$8.2M | $0 |
| (Losses) gains on derivatives | -$139.0K | $3.1M | -$7.7M |
| Total other expense, net | -$201.4M | -$100.8M | -$167.6M |
| (Loss) income before income taxes | -$1.5B | $37.3M | $85.6M |
| (Provision) benefit for income taxes | -$360.6M | -$40.1M | $319.6M |
| Net (loss) income | -$1.9B | -$2.8M | $405.2M |
| Net (loss) income used in basic computation | -$2.0B | -$55.1M | $351.5M |
| Net (loss) income attributable to common stockholders | -$2.0B | -$55.1M | $351.5M |
| Basic (in dollars per share) | -$6.25 | -$0.18 | $1.16 |
| Diluted (in dollars per share) | -$6.27 | -$0.18 | $1.14 |
| Basic (in shares) | 318.6M shares | 304.4M shares | 302.1M shares |
| Diluted ( in shares) | 319.2M shares | 304.4M shares | 307.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.2B | $1.0B | $775.7M | |
| Accounts receivable | $6.9M | $5.5M | ||
| Inventory | $9.2M | $16.1M | ||
| Prepaid expenses and other current assets | $37.9M | $28.8M | ||
| Total current assets | $1.3B | $1.1B | ||
| Property and equipment, net | $73.3M | $6.5M | ||
| Trademarks and trade names | $864.8M | $864.8M | ||
| Other intangible assets, net | $38.2M | $59.9M | ||
| Goodwill | $2.7B | $2.7B | ||
| Restricted cash | $17.5M | $14.6M | $15.7M | |
| Deferred tax assets | $2.1M | $248.5M | ||
| Other non-current assets | $75.8M | $161.2M | ||
| Total assets | $5.1B | $5.1B | ||
| Accounts payable | $71.1M | $112.6M | ||
| Payments due to buyers and sellers | $845.9M | $706.8M | ||
| Accrued expenses and other current liabilities (including $17,894 and $0 under the fair value option, respectively) | $334.3M | $269.1M | ||
| Long-term debt obligations, current | $0 | $19.5M | ||
| Total current liabilities | $1.3B | $1.1B | ||
| Long-term debt obligations, non-current | $1.5B | $2.3B | ||
| Deferred tax liabilities | $93.2M | $0 | ||
| Other non-current liabilities (including $0 and $70,397 under the fair value option, respectively) | $261.0M | $295.8M | ||
| Total liabilities | $3.1B | $3.7B | ||
| Additional paid-in capital | $4.5B | $2.3B | ||
| Accumulated other comprehensive income | $71.3M | $129.4M | ||
| Accumulated deficit | -$3.4B | -$1.5B | ||
| Total stockholders equity | $1.2B | $880.6M | $890.2M | $526.5M |
| Total liabilities, redeemable preferred stock, redeemable common stock, and stockholders equity | $5.1B | $5.1B | ||
| Accrued expenses and other current liabilities under fair value option | $17.9M | $0 | ||
| Other non-current liabilities under fair value option | $0 | -$70.4M | ||
| Common stock, par value (in dollars per share) | $0.00 |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.2B | $1.0B | $775.7M | |
| Accounts receivable | $6.9M | $5.5M | ||
| Inventory | $9.2M | $16.1M | ||
| Prepaid expenses and other current assets | $37.9M | $28.8M | ||
| Total current assets | $1.3B | $1.1B | ||
| Property and equipment, net | $73.3M | $6.5M | ||
| Trademarks and trade names | $864.8M | $864.8M | ||
| Other intangible assets, net | $38.2M | $59.9M | ||
| Goodwill | $2.7B | $2.7B | ||
| Restricted cash | $17.5M | $14.6M | $15.7M | |
| Deferred tax assets | $2.1M | $248.5M | ||
| Other non-current assets | $75.8M | $161.2M | ||
| Total assets | $5.1B | $5.1B | ||
| Accounts payable | $71.1M | $112.6M | ||
| Payments due to buyers and sellers | $845.9M | $706.8M | ||
| Accrued expenses and other current liabilities (including $17,894 and $0 under the fair value option, respectively) | $334.3M | $269.1M | ||
| Long-term debt obligations, current | $0 | $19.5M | ||
| Total current liabilities | $1.3B | $1.1B | ||
| Long-term debt obligations, non-current | $1.5B | $2.3B | ||
| Deferred tax liabilities | $93.2M | $0 | ||
| Other non-current liabilities (including $0 and $70,397 under the fair value option, respectively) | $261.0M | $295.8M | ||
| Total liabilities | $3.1B | $3.7B | ||
| Additional paid-in capital | $4.5B | $2.3B | ||
| Accumulated other comprehensive income | $71.3M | $129.4M | ||
| Accumulated deficit | -$3.4B | -$1.5B | ||
| Total stockholders equity | $1.2B | $880.6M | $890.2M | $526.5M |
| Total liabilities, redeemable preferred stock, redeemable common stock, and stockholders equity | $5.1B | $5.1B | ||
| Accrued expenses and other current liabilities under fair value option | $17.9M | $0 | ||
| Other non-current liabilities under fair value option | $0 | -$70.4M | ||
| Common stock, par value (in dollars per share) | $0.00 |
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 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$1.9B | -$2.8M | $405.2M |
| Depreciation | $2.5M | $2.2M | $1.6M |
| Amortization of intangible assets | $23.1M | $22.3M | $21.1M |
| Stock-based compensation | $1.4B | $7.7M | $34.9M |
| Amortization of debt issuance costs | $8.0M | $9.4M | $13.2M |
| Losses on derivatives | $12.0M | $14.2M | $22.6M |
| Amortization of unrealized losses on cash flow hedge | -$31.4M | -$7.4M | -$7.4M |
| Unrealized foreign exchange losses (gains) | $91.4M | -$40.5M | $21.8M |
| Loss on extinguishment of debt | $18.5M | $8.2M | $0 |
| Deferred income taxes | $356.8M | $57.7M | -$326.0M |
| Fair value change for preferred stocks and preferred stock bifurcated derivatives | $11.4M | $9.2M | $5.6M |
| Other | $11.5M | $4.9M | -$2.2M |
| Accounts receivable | -$1.2M | $6.9M | -$7.6M |
| Inventory | -$6.1M | -$19.8M | $0 |
| Prepaid expenses and other current assets | -$9.9M | $4.1M | -$1.3M |
| Other non-current assets | -$2.0M | -$30.0M | -$14.7M |
| Operating lease right-of-use assets | $4.6M | $4.8M | $3.3M |
| Accounts payable | -$44.3M | $73.5M | -$25.7M |
| Payments due to buyers and sellers | $106.5M | $30.2M | $131.3M |
| Accrued expenses and other current liabilities | $37.7M | $91.4M | -$13.9M |
| Other non-current liabilities | $65.1M | $19.7M | $51.0M |
| Operating lease liabilities | -$3.4M | -$4.5M | -$5.5M |
| Net cash provided by operating activities | $192.6M | $261.5M | $307.4M |
| Capitalized software development costs | -$31.5M | -$2.6M | -$2.0M |
| Purchases of property and equipment | -$1.4M | -$1.7M | -$1.7M |
| Purchases of intangible assets | -$1.5M | -$2.1M | -$1.7M |
| Net cash used in investing activities | -$34.4M | -$6.4M | -$5.4M |
| Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions | $758.0M | $0 | $0 |
| Proceeds from issuance of Class A common stock upon exercise of stock options and warrants | $159.0K | $1.1M | $504.0K |
| Proceeds from issuance of debt | $0 | $443.5M | $0 |
| Proceeds from partial interest rate swap termination | $17.8M | $0 | $0 |
| Proceeds from revolving credit facility | $0 | $0 | $40.0M |
| Repayment of revolving credit facility | $0 | $0 | -$40.0M |
| Repurchase and retirement of Class A and Class C common stock | -$1.0M | $0 | -$1.1M |
| Repayment of long-term debt obligations | -$909.8M | -$506.6M | -$20.3M |
| Payment of tax withholding obligations on vested equity awards | -$86.3M | $0 | $0 |
| Payments of deferred offering costs | -$12.0M | -$6.0M | $0 |
| Payment of debt issuance costs | $0 | -$2.8M | $0 |
| Net cash provided by (used in) financing activities | $71.8M | -$46.7M | $94.1M |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $13.2M | -$13.5M | $5.9M |
| Net increase in cash, cash equivalents, and restricted cash | $243.2M | $194.9M | $401.9M |
| Interest | $194.1M | $234.2M | $206.8M |
| Income tax | $19.3M | $5.3M | $9.0M |
| Liability-classified awards settled with Class A common stock | $0 | $0 | $841.0K |
| Stock-based compensation capitalized in development of capitalized software | $35.4M | $0 | $0 |
| Deferred offering costs accrued, unpaid | $2.4M | $3.9M | $2.1M |
No quarter-by-quarter statement was filed.
Leadership
Who has led StubHub Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerConstance P. James Sep 16, 2025 to now9
Board members and other officers (8)
- Chief Technology OfficerArtem Yegorov Sep 16, 2025 to now10
- OfficerMark Streams Sep 16, 2025 to now11
- OfficerNayaab Islam Sep 16, 2025 to now12
- Board memberJeffrey M. Blackburn Sep 16, 2025 to now13
- Board memberJeremy S. Levine Sep 16, 2025 to now14
- Board memberMark Streams Sep 16, 2025 to now11
- Board memberRajini Sundar Kodialam Sep 16, 2025 to now15
- Board memberSameer Bhargava Sep 16, 2025 to now16
Former names
- Pugnacious Endeavors IncAug 25, 2005 to Sep 27, 20114
Timeline
- Mar 21, 2000Founded StubHub Holdings, Inc. is founded2
Filings
204 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 8 major events, 117 insider forms, 11 large holders, 64 other. The latest 20:
- Oct 14, 20268-K EDGAR
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Sep 4, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 27, 20264 EDGAR
- Aug 25, 2026144 EDGAR
- Aug 25, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 20, 20264 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 18, 2026144 EDGAR
- Aug 17, 2026144 EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
The 204 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
30 open-market trades by officers, directors and large owners since October 2021: 0 buys and 30 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Islam NayaabSee Remarks | Sale | 14,306 | $6.20 | $88.7K | Form 4 |
| Sep 4, 2026 | Islam NayaabSee Remarks | Sale | 24,554 | $6.69 | $164.3K | Form 4 |
| Sep 3, 2026 | Islam NayaabSee Remarks | Sale | 110,409 | $6.66 | $735.3K | Form 4 |
| Sep 3, 2026 | Streams MarkSee Remarks | Sale | 135,589 | $6.39 | $866.4K | Form 4 |
| Sep 2, 2026 | Streams MarkSee Remarks | Sale | 29,951 | $6.23 | $186.6K | Form 4 |
| Aug 26, 2026 | Streams MarkSee Remarks | Sale | 2,530 | $6.88 | $17.4K | Form 4 |
| Aug 26, 2026 | Islam NayaabSee Remarks | Sale | 85,973 | $6.86 | $589.8K | Form 4 |
| Aug 25, 2026 | Islam NayaabSee Remarks | Sale | 219,736 | $6.78 | $1.5M | Form 4 |
| Aug 25, 2026 | Streams MarkSee Remarks | Sale | 10,176 | $6.84 | $69.6K | Form 4 |
| Aug 24, 2026 | Streams MarkSee Remarks | Sale | 150,000 | $6.76 | $1.0M | Form 4 |
| Aug 21, 2026 | Streams MarkSee Remarks | Sale | 6,500 | $6.93 | $45.0K | Form 4 |
| Aug 19, 2026 | Fitzgerald Scott MichaelPrincipal Accounting Officer | Sale | 84,970 | $7.08 | $601.6K | Form 4 |
| Aug 18, 2026 | James Constance P.Chief Financial Officer | Sale | 116,644 | $7.06 | $823.5K | Form 4 |
| Jul 7, 2026 | Islam NayaabSee Remarks | Sale | 2,800 | $14.01 | $39.2K | Form 4 |
| Jul 7, 2026 | Streams MarkSee Remarks | Sale | 400 | $14.01 | $5.6K | Form 4 |
| Jul 6, 2026 | Streams MarkSee Remarks | Sale | 28,531 | $13.02 | $371.5K | Form 4 |
| Jul 6, 2026 | Islam NayaabSee Remarks | Sale | 54,801 | $13.03 | $714.1K | Form 4 |
| Jul 1, 2026 | Streams MarkSee Remarks | Sale | 3,002 | $13.00 | $39.0K | Form 4 |
| Jul 1, 2026 | Islam NayaabSee Remarks | Sale | 2,099 | $13.00 | $27.3K | Form 4 |
| Jun 30, 2026 | Streams MarkSee Remarks | Sale | 18,167 | $13.03 | $236.7K | Form 4 |
All 30 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- PointState Capital LPSCHEDULE 13G/A, 4 filings Oct 10, 2025 to Aug 14, 202617
- Bessemer Venture Partners VIII L.P.SCHEDULE 13G/A, 2 filings Nov 14, 2025 to Apr 29, 202618
- WestCap Management, LLCSCHEDULE 13G/A, 3 filings Nov 12, 2025 to Apr 8, 202619
- Eric Howard BakerSCHEDULE 13G, 1 filing Nov 14, 202520
- Madrone SHV Partners, LLCSCHEDULE 13G, 1 filing Nov 14, 202521
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Madrone Advisors, LLC | 75,780,055 | $975.3M | 69.9% | No change |
| Deer Management Co. LLC | 22,038,489 | $283.6M | 34.9% | No change |
| BlackRock, Inc. | 14,027,218 | $180.5M | 0.0% | +12,290,655 |
| WestCap Management, LLC | 13,926,558 | $179.2M | 91.9% | −15,065,025 |
| PointState Capital LP | 9,963,172 | $128.2M | 2.3% | −10,163,529 |
| Jpmorgan Chase & Co | 8,801,095 | $113.7M | 0.0% | +638,472 |
| Capital World Investors | 8,295,321 | $106.8M | 0.0% | −706,820 |
| Vanguard Portfolio Management LLC | 8,156,794 | $105.0M | 0.0% | New |
| StepStone Group LP | 7,562,225 | $97.3M | 4.5% | No change |
| Neuberger Berman Group LLC | 7,371,373 | $94.9M | 0.1% | +2,606 |
| Citadel Advisors LLC | 6,544,021 | $84.2M | 0.0% | +2,789,174 |
| Klingenstein Fields & Co LP | 6,229,560 | $80.2M | 2.8% | +59,520 |
| Vanguard Capital Management LLC | 5,920,201 | $76.2M | 0.0% | +5,562,645 |
| Rubric Capital Management LP | 5,000,000 | $64.3M | 0.6% | New |
| Entrust Global Partners L L C | 4,534,971 | $58.4M | 11.4% | −315,666 |
| DME Capital Management, LP | 4,233,200 | $54.5M | 1.4% | No change |
| Capital International Investors | 4,200,570 | $54.1M | 0.0% | +118,177 |
| State Street Corp | 3,846,295 | $49.5M | 0.0% | +3,699,095 |
| Index Venture Associates III Ltd | 3,790,962 | $48.8M | 100.0% | −2,505,588 |
| Geode Capital Management, LLC | 3,653,633 | $47.0M | 0.0% | +3,278,688 |
| Insight Holdings Group, LLC | 3,437,380 | $44.2M | 3.4% | No change |
| Abu Dhabi Investment Council Co P.J.S.C | 3,437,372 | $44.2M | 6.2% | No change |
| Nomura Asset Management International Inc. | 3,427,496 | $44.1M | 0.1% | New |
| Longaeva Partners L.P. | 3,352,993 | $43.2M | 1.2% | New |
| Nuveen, LLC | 2,447,044 | $31.5M | 0.0% | New |
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.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11SEC EDGARMark Streams, Officer
- 12SEC EDGARNayaab Islam, Officer
- 13SEC EDGARJeffrey M. Blackburn, Board member
- 14SEC EDGARJeremy S. Levine, Board member
- 15SEC EDGARRajini Sundar Kodialam, Board member
- 16SEC EDGARSameer Bhargava, Board member
- 17
- 18
- 19
- 20
- 21