Vivid Seats Inc.
SEATNasdaqConsumer Discretionary · Services-Miscellaneous Amusement & Recreation · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $450.5M | $647.9M | $597.4M | $511.1M | $389.7M | $23.3M |
| Operating income | — | — | — | — | — | — |
| Net income | $806.1M | $13.4M | $69.4M | $70.8M | −$5.0M | −$774.2M |
| Total assets | $636.9M | $1.64B | $1.55B | $1.15B | $1.41B | — |
| Total liabilities | $722.0M | $1.02B | $963.3M | — | — | — |
| Equity | −$85.1M | $261.1M | $105.0M | −$382.7M | −$860.7M | −$271.8M |
| EPS (diluted) | — | $1.12 | $5.15 | — | — | — |
| Shares out. | — | 10.5M | 9.9M | — | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- 178.9%
- Return on equity
- −946.9%
- Return on assets
- 126.6%
- Return on capital (ROCE)
- —
- Liabilities / assets
- 113.4%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- −30.5%
- Net income growth (YoY)
- 5903.2%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Accruals / assets
- 140.9%high accruals
- Piotroski F-Score
- 3/7weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast. What these scores mean →
Signs
● 1 severe● 4 warning● 0 good- Negative shareholder equity
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- High accruals — earnings-quality risk
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Emeth Value Capital, LlcPassive (13G)Feb 4, 2026
- Gtcr Investment Xi LlcActivist (13D)Nov 7, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 996,106 | 6.7 | -10.8% |
| Apr 30, 2026 | 1.1M | 10.9 | +6.7% |
| Apr 15, 2026 | 1.0M | 11.2 | -5.6% |
| Mar 31, 2026 | 1.1M | 8.3 | +12.6% |
| Mar 13, 2026 | 983,325 | 8.1 | -1.6% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Results of operations · Regulation FD disclosureMay 5, 2026
- Results of operations · Other material eventMar 12, 2026
- Director / officer changeJan 20, 2026
- Delisting / listing-standard notice · Director / officer changeDec 30, 2025
- Entered a material agreement · Terminated a material agreement · Results of operations · Unregistered equity sale · Director / officer changeNov 6, 2025
- Entered a material agreement · Regulation FD disclosureOct 20, 2025
- Results of operationsAug 5, 2025
- Shareholder voteJul 25, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (2)
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