Overview Dividends

(SEAT) Vivid Seats - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US92854T1007

Tickets, Marketplace, Resale

Movies & Entertainment
Market Cap in USD: 100m

IPO / Inception: 2020-10-12
Return 12m vs S&P 500: -92.0%

EPS (Earnings per Share)

EPS CAGR: -2.50%
EPS Trend: -53.1%

Last SUE: -0.21
Qual. Beats: 0

Revenue

Rev. CAGR: -4.78%
Rev. Trend: 21.1%

Last SUE: 0.07
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	109%
Value at Risk 5%th	156%
Relative Tail Risk	-13.14%

Reward TTM
Sharpe Ratio	-1.89
Alpha	-113.60
CAGR/Max DD	-0.66

Character TTM
Hurst Exponent	0.466
Beta	1.319
Beta Downside	0.971

Drawdowns 3y
Max DD	96.78%
Mean DD	48.81%
Median DD	45.48%

Description: SEAT Vivid Seats October 26, 2025

Vivid Seats Inc. (NASDAQ: SEAT) runs an online ticket marketplace across the United States, Canada, and Japan, split into a Marketplace segment that connects buyers and sellers via its branded platforms (Vivid Seats, Vegas.com, Wavedash, and Vivid Picks) and a Resale segment that purchases tickets for secondary-market sales while developing the proprietary Skybox ERP system for inventory and dynamic pricing management.

In FY 2023 the company reported $1.04 billion in total revenue, a 12% year-over-year increase driven primarily by higher average ticket prices and a 9% rise in transaction volume, reflecting continued consumer appetite for live-event experiences as pandemic restrictions receded.

Key economic drivers for Vivid Seats include discretionary consumer spending trends, the resurgence of in-person entertainment, and the growing adoption of mobile-first ticketing solutions; sector-wide, the U.S. secondary ticket market is projected to reach $13 billion by 2027, with price-elastic demand concentrated in sports and music concerts.

Investors seeking a data-rich assessment of Vivid Seats’ valuation metrics and competitive positioning may find the ValueRay platform’s granular financial models and scenario analyses useful for deeper research.

Piotroski VR‑10 (Strict, 0-10) 1.5

Net Income (-155.0m TTM) > 0 and > 6% of Revenue (6% = 38.6m TTM)

FCFTA -0.03 (>2.0%) and ΔFCFTA -4.31pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -17.76% (prev -11.21%; Δ -6.55pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.01 (>3.0%) and CFO -5.61m > Net Income -155.0m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 0.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (10.3m) change vs 12m ago -1.22% (target <= -2.0% for YES)

Gross Margin 71.45% (prev 74.07%; Δ -2.62pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 47.38% (prev 48.06%; Δ -0.68pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -8.46 (EBITDA TTM -150.0m / Interest Expense TTM 23.9m) >= 6 (WARN >= 3)

Altman Z'' -6.34

(A) -0.10 = (Total Current Assets 233.9m - Total Current Liabilities 348.2m) / Total Assets 1.11b

(B) -0.98 = Retained Earnings (Balance) -1.08b / Total Assets 1.11b

(D) -1.40 = Book Value of Equity -1.08b / Total Liabilities 771.6m

Total Rating: -6.34 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 38.14

1. Piotroski 1.50pt

2. FCF Yield 128.8%

3. FCF Margin -4.73%

4. Debt/Equity 0.08

5. Debt/Ebitda 0.83

6. ROIC - WACC (= -32.90)%

7. RoE -54.81%

8. Rev. Trend 21.06%

9. EPS Trend -53.13%

What is the price of SEAT shares?

As of December 23, 2025, the stock is trading at USD 6.49 with a total of 162,895 shares traded.
Over the past week, the price has changed by -0.76%, over one month by -14.38%, over three months by -59.34% and over the past year by -90.73%.

Is SEAT a buy, sell or hold?

Vivid Seats has received a consensus analysts rating of 3.83. Therefore, it is recommended to buy SEAT.

Strong Buy: 5
Buy: 1
Hold: 5
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the SEAT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	13.1	101.2%
Analysts Target Price	13.1	101.2%
ValueRay Target Price	6.1	-6%

SEAT Fundamental Data Overview December 19, 2025

Market Cap USD = 100.4m (100.4m USD * 1.0 USD.USD)
P/E Forward = 22.7273
P/S = 0.156
P/B = 0.268
Beta = 0.96
Revenue TTM = 643.8m USD
EBIT TTM = -202.0m USD
EBITDA TTM = -150.0m USD
Long Term Debt = 384.2m USD (from longTermDebt, last quarter)
Short Term Debt = 3.95m USD (from shortTermDebt, last quarter)
Debt = 21.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -124.1m USD (from netDebt column, last quarter)
Enterprise Value = -23.6m USD (100.4m + Debt 21.0m - CCE 145.1m)
Interest Coverage Ratio = -8.46 (Ebit TTM -202.0m / Interest Expense TTM 23.9m)
FCF Yield = 128.8% (FCF TTM -30.4m / Enterprise Value -23.6m)
FCF Margin = -4.73% (FCF TTM -30.4m / Revenue TTM 643.8m)
Net Margin = -24.08% (Net Income TTM -155.0m / Revenue TTM 643.8m)
Gross Margin = 71.45% ((Revenue TTM 643.8m - Cost of Revenue TTM 183.8m) / Revenue TTM)
Gross Margin QoQ = 67.49% (prev 70.45%)
Tobins Q-Ratio = -0.02 (set to none) (Enterprise Value -23.6m / Total Assets 1.11b)
Interest Expense / Debt = 29.06% (Interest Expense 6.11m / Debt 21.0m)
Taxrate = 31.89% (-9.23m / -28.9m)
NOPAT = -137.6m (EBIT -202.0m * (1 - 31.89%)) [loss with tax shield]
Current Ratio = 0.67 (Total Current Assets 233.9m / Total Current Liabilities 348.2m)
Debt / Equity = 0.08 (Debt 21.0m / totalStockholderEquity, last quarter 272.2m)
Debt / EBITDA = 0.83 (negative EBITDA) (Net Debt -124.1m / EBITDA -150.0m)
Debt / FCF = 4.08 (negative FCF - burning cash) (Net Debt -124.1m / FCF TTM -30.4m)
Total Stockholder Equity = 282.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -14.00% (Net Income -155.0m / Total Assets 1.11b)
RoE = -54.81% (Net Income TTM -155.0m / Total Stockholder Equity 282.8m)
RoCE = -30.28% (EBIT -202.0m / Capital Employed (Equity 282.8m + L.T.Debt 384.2m))
RoIC = -20.48% (negative operating profit) (NOPAT -137.6m / Invested Capital 671.8m)
WACC = 12.42% (E(100.4m)/V(121.5m) * Re(10.88%) + D(21.0m)/V(121.5m) * Rd(29.06%) * (1-Tc(0.32)))
Discount Rate = 10.88% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 3.49%
Fair Price DCF = unknown (Cash Flow -30.4m)
EPS Correlation: -53.13 | EPS CAGR: -2.50% | SUE: -0.21 | # QB: 0
Revenue Correlation: 21.06 | Revenue CAGR: -4.78% | SUE: 0.07 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-1.13 | Chg30d=+0.045 | Revisions Net=+2 | Analysts=6
EPS next Year (2026-12-31): EPS=-3.08 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+89.5% | Growth Revenue=-14.1%

Additional Sources for SEAT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle