(SEAT) Vivid Seats - Overview
Stock: Tickets, Marketplace, Resale, Platform, Software
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 106% |
| Relative Tail Risk | -12.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -2.18 |
| Alpha | -110.82 |
| Character TTM | |
|---|---|
| Beta | 1.415 |
| Beta Downside | 1.200 |
| Drawdowns 3y | |
|---|---|
| Max DD | 96.78% |
| CAGR/Max DD | -0.69 |
Description: SEAT Vivid Seats December 29, 2025
Vivid Seats Inc. (NASDAQ: SEAT) runs an online ticket marketplace across the United States, Canada, and Japan, organized into two divisions: Marketplace and Resale. The Marketplace division connects buyers and sellers via its flagship Vivid Seats platform, the Vegas.com portal for Las Vegas attractions, the Tokyo-based Wavedash service, and the Vivid Picks fantasy-sports app, while also providing Skybox-an ERP system that helps sellers manage inventory, dynamic pricing, and multi-market fulfillment. The Resale division purchases tickets for secondary-market sales and supplies internal R&D for Skybox and related seller tools.
Recent data (FY 2023) shows Vivid Seats generated roughly $1.1 billion in gross ticket sales, with a net revenue run-rate of about $250 million and an adjusted EBITDA margin near 12 %. The business is sensitive to discretionary consumer spending, which has been buoyed by a post-pandemic resurgence in live-event attendance and a 4-5 % annual growth in U.S. ticket-sale volumes (source: Statista). Competitive pressure from Ticketmaster/Live Nation and emerging blockchain-based ticketing platforms remains a material risk, while the adoption of dynamic pricing tools like Skybox is a key driver of margin expansion.
For a deeper, data-driven valuation perspective, you may find ValueRay’s analyst framework useful as a next step in your research.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: -155.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA -4.31 > 1.0 |
| NWC/Revenue: -17.76% < 20% (prev -11.21%; Δ -6.55% < -1%) |
| CFO/TA -0.01 > 3% & CFO -5.61m > Net Income -155.0m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 0.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (10.3m) vs 12m ago -1.22% < -2% |
| Gross Margin: 71.45% > 18% (prev 0.74%; Δ 7071 % > 0.5%) |
| Asset Turnover: 47.38% > 50% (prev 48.06%; Δ -0.68% > 0%) |
| Interest Coverage Ratio: -8.46 > 6 (EBITDA TTM -150.0m / Interest Expense TTM 23.9m) |
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 -1.08b / Total Assets 1.11b) |
| C: -0.15 (EBIT TTM -202.0m / Avg Total Assets 1.36b) |
| D: -1.40 (Book Value of Equity -1.08b / Total Liabilities 771.6m) |
| Altman-Z'' Score: -6.34 = D |
Beneish M -3.51
| DSRI: 0.71 (Receivables 38.5m/65.3m, Revenue 643.8m/774.1m) |
| GMI: 1.04 (GM 71.45% / 74.07%) |
| AQI: 0.98 (AQ_t 0.77 / AQ_t-1 0.79) |
| SGI: 0.83 (Revenue 643.8m / 774.1m) |
| TATA: -0.13 (NI -155.0m - CFO -5.61m) / TA 1.11b) |
| Beneish M-Score: -3.51 (Cap -4..+1) = AAA |
What is the price of SEAT shares?
Over the past week, the price has changed by -10.33%, over one month by -12.97%, over three months by -45.34% and over the past year by -92.53%.
Is SEAT a buy, sell or hold?
- StrongBuy: 5
- Buy: 1
- Hold: 5
- Sell: 1
- StrongSell: 0
What are the forecasts/targets for the SEAT price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 11.4 | 74.8% |
| Analysts Target Price | 11.4 | 74.8% |
| ValueRay Target Price | 5.7 | -13.2% |
SEAT Fundamental Data Overview February 03, 2026
P/S = 0.1646
P/B = 0.2873
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 = -18.1m USD (106.0m + Debt 21.0m - CCE 145.1m)
Interest Coverage Ratio = -8.46 (Ebit TTM -202.0m / Interest Expense TTM 23.9m)
EV/FCF = 0.60x (Enterprise Value -18.1m / FCF TTM -30.4m)
FCF Yield = 168.0% (FCF TTM -30.4m / Enterprise Value -18.1m)
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 -18.1m / Total Assets 1.11b)
Interest Expense / Debt = 29.06% (Interest Expense 6.11m / Debt 21.0m)
Taxrate = 37.05% (8.42m / 22.7m)
NOPAT = -127.2m (EBIT -202.0m * (1 - 37.05%)) [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 = -11.41% (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 = -18.93% (negative operating profit) (NOPAT -127.2m / Invested Capital 671.8m)
WACC = 12.32% (E(106.0m)/V(127.0m) * Re(11.13%) + D(21.0m)/V(127.0m) * Rd(29.06%) * (1-Tc(0.37)))
Discount Rate = 11.13% (= 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=-0.98 | Chg30d=N/A | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=-4.77 | Chg30d=-1.690 | Revisions Net=-1 | Growth EPS=+84.2% | Growth Revenue=-15.6%