# Vivid Seats Inc.: overview

SEAT · Nasdaq · CIK 1856031 · [Consumer discretionary](/sectors/consumer-discretionary.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/seat.md) · [Financials](/companies/seat/financials.md) · [Filings](/companies/seat/filings.md) · [Insiders](/companies/seat/insiders.md)

Latest reported revenue: [$103.9m](/filings/0001193125-26-331507.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-331507).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [153](/filings/0001193125-25-267993.md) | [165 d](/filings/0001193125-26-103023.md) | [134](/filings/0001193125-26-204975.md) | [114](/filings/0001193125-26-331507.md) | [105](/filings/0001193125-25-267993.md) | [97.5 d](/filings/0001193125-26-103023.md) | [97.5](/filings/0001193125-26-204975.md) | [104](/filings/0001193125-26-331507.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [7.0%](/filings/0001193125-25-267993.md) | [(5.8%) d](/filings/0001193125-26-103023.md) | [(7.9%)](/filings/0000950170-25-063944.md) | [(293.0%)](/filings/0000950170-25-102376.md) | [(28.9%)](/filings/0001193125-25-267993.md) | [1212.8% d](/filings/0001193125-26-103023.md) | [(15.0%)](/filings/0001193125-26-204975.md) | [(13.8%) d](/filings/0001193125-26-331507.md) |
| Diluted EPS | $ per share | not reported | not reported | [(0.94)](/filings/0001193125-26-204975.md) | not reported | not reported | not reported | [(1.35)](/filings/0001193125-26-204975.md) | not reported |
| Free cash flow | $m | [(19.6) d](/filings/0001193125-25-267993.md) | [44.3 d](/filings/0001193125-26-103023.md) | [(27.1)](/filings/0001193125-26-204975.md) | [(28.8) d](/filings/0001193125-26-331507.md) | [0.5 d](/filings/0001193125-25-267993.md) | [(38.3) d](/filings/0001193125-26-103023.md) | [46.0](/filings/0001193125-26-204975.md) | [(0.8) d](/filings/0001193125-26-331507.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax; Net income: us-gaap:ProfitLoss. Derived values: 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [390](/filings/0000950170-24-028243.md) | [511](/filings/0000950170-25-037612.md) | [597](/filings/0001193125-26-103023.md) | [648](/filings/0001193125-26-103023.md) | [451](/filings/0001193125-26-103023.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | [(1.3%)](/filings/0000950170-24-028243.md) | [13.9%](/filings/0000950170-25-037612.md) | [11.6%](/filings/0001193125-26-103023.md) | [2.1%](/filings/0001193125-26-103023.md) | [178.9%](/filings/0001193125-26-103023.md) |
| Diluted EPS | $ per share | not reported | not reported | [5.15](/filings/0001193125-26-103023.md) | [1.12](/filings/0001193125-26-103023.md) | not reported |
| Free cash flow | $m | [175](/filings/0000950170-24-028243.md) | [10.8](/filings/0000950170-25-037612.md) | [146](/filings/0001193125-26-103023.md) | [49.7](/filings/0001193125-26-103023.md) | [(93.8)](/filings/0001193125-26-103023.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/seat/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [GTCR LLC](/funds/1576350.md) | 2026-06-30 | $24.6m | 3,768,633 |  | Unchanged |
| [SECURITY BENEFIT LIFE INSURANCE CO /KS/](/funds/869772.md) | 2026-06-30 | $14.3m | 2,192,103 |  | Unchanged |
| [BlackBarn Capital Partners LP](/funds/2010204.md) | 2026-06-30 | $3.3m | 500,000 |  | Unchanged |
| [Emeth Value Capital, LLC](/funds/2053013.md) | 2026-06-30 | $1.6m | 244,190 |  | Reduced −502,349 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.5m | 233,241 |  | Added +2,923 |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $1.3m | 201,297 |  | New +201,297 |
| [Quantinno Capital Management LP](/funds/1759654.md) | 2026-06-30 | $1.2m | 191,192 |  | Added +62,791 |
| [AQR CAPITAL MANAGEMENT LLC](/funds/1167557.md) | 2026-06-30 | $1.2m | 188,510 |  | Added +149,359 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $651.6k | 99,940 |  | Reduced −208,490 |
| [BANK OF AMERICA CORP /DE/](/funds/70858.md) | 2026-06-30 | $588.7k | 90,291 |  | Reduced −4,198 |

## Recent filings

[All 580 filings](/companies/seat/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-23 | 16:15 ET | [8-K](/filings/0001193125-26-430446.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-430446 |
| 2026-08-04 | 10:58 ET | [10-Q](/filings/0001193125-26-331507.md) | Quarterly report, period 2026-06-30 | 0001193125-26-331507 |
| 2026-08-04 | 10:32 ET | [8-K](/filings/0001193125-26-331453.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-331453 |
| 2026-06-15 | 20:15 ET | [8-K](/filings/0001193125-26-271103.md) | 5.07 Shareholder vote results | 0001193125-26-271103 |
| 2026-05-05 | 10:42 ET | [10-Q](/filings/0001193125-26-204975.md) | Quarterly report, period 2026-03-31 | 0001193125-26-204975 |
| 2026-05-05 | 10:39 ET | [8-K](/filings/0001140361-26-018995.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001140361-26-018995 |
| 2026-04-27 | 20:15 ET | [DEF 14A](/filings/0001140361-26-017103.md) | Proxy statement, period 2026-06-09 | 0001140361-26-017103 |
| 2026-03-12 | 10:53 ET | [10-K](/filings/0001193125-26-103023.md) | Annual report, period 2025-12-31 | 0001193125-26-103023 |
| 2026-03-12 | 10:40 ET | [8-K](/filings/0001193125-26-103009.md) | 2.02 Results of operations; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-103009 |
| 2026-01-20 | 21:15 ET | [8-K](/filings/0001193125-26-016594.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-016594 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-103023.md), filed Mar 12, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/61124f70-e79e-4096-8cf0-a8eb6173c200)

## About the filer

- CIK: 1856031
- Tickers: SEAT, SEATW
- Exchange: Nasdaq
- SIC code: 7990 Services-Miscellaneous Amusement & Recreation
- State of incorporation: DE
- Filer category: Accelerated filer<br>Smaller reporting company<br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.