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Vivid Seats Inc. SEAT Reclassification Of Intermediate Warrants From Liability Instruments To Equity Instruments

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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-65.7%
Enterprise value$310.71M-29.6%
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

Reported directly by Vivid Seats Inc. in its filing.

Tagged under the XBRL concept seat:ReclassificationOfIntermediateWarrantsFromLiabilityInstrumentsToEquityInstruments.

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 reclassification of intermediate warrants from liability instruments to equity instruments?
Vivid Seats Inc. (SEAT) reported reclassification of intermediate warrants from liability instruments to equity instruments of $78K in Q4 2025.
What does reclassification of intermediate warrants from liability instruments to equity instruments mean?
This measures the non-cash adjustment resulting from moving warrant instruments from liability classification to equity classification on the balance sheet. Such reclassifications often occur due to changes in contract terms or accounting standards regarding the underlying shares. It is a non-operating item that impacts the equity section and capital structure transparency.