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Other financials

Income statement

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Revenue$97.5M-27.1%
Gross profit$119.2M+9.3%
Operating income$21.7M+40.3%
Net income-$14.6M-38.6%
EPS (diluted)-$1.35-43.6%

Balance sheet

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Cash & equivalents$143.6M-28.0%
Total debt$382.6M-0.8%
Total equity-$95.4M-125%
Total assets$691.7M-56.9%

Cash flow

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Operating cash flow$46.0M+282%
CapEx$23.0K-98.7%
Free cash flow$46.0M+270%

Valuation

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Market cap$71.64M-63.1%
Enterprise value$310.71M-28.3%
P/E0.1×
P/S0.2×-0.2×

Profitability

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Net margin193.6%
FCF margin-5.1%

Returns & leverage

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Return on equity562.2%
Debt / equity1.4×+0.2×
Current ratio0.7×-0.1×

Where this comes from

Calculated from Vivid Seats Inc.’s reported figures.

$163.0Mebit+
$11.7MDepreciation Depletion & Amortization
=-$151.32M

The official record: Vivid Seats Inc.’s 10-K, filed March 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vivid Seats Inc.'s EBITDA?
Vivid Seats Inc. (SEAT) reported EBITDA of -$151.32M in Q4 2025.
How has Vivid Seats Inc.'s EBITDA changed year-over-year?
Vivid Seats Inc.'s EBITDA decreased by 928.5% year-over-year, from $18.26M to -$151.32M.
What is the long-term trend for Vivid Seats Inc.'s EBITDA?
Over 4 years (2021 to 2025), Vivid Seats Inc.'s EBITDA has grown at a 106.2% compound annual growth rate (CAGR), from $33.35M to -$602.71M.
What does EBITDA mean?
Earnings before interest, taxes, depreciation, and amortization — EBIT plus the D&A add-back from the cash-flow statement (EBITDA = EBIT + D&A). A proxy for cash earnings that strips out financing, tax, and non-cash charges.