Vivid Seats Inc.

SEATW

SEATWVivid Seats Inc. US flag

NASDAQ Global Market

0.06

USD

- -

68.10MMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	469	35	443	600	713	776	571
+ Sales & Services Revenue	469	35	443	600	713	776	571
- Cost of Revenue	106	25	91	141	182	202	173
+ Cost of Goods & Services	106	25	91	141	182	202	173
Gross Profit	363	10	352	460	531	574	397
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	373	153	276	384	450	532	454
+ Selling, General & Admin	280	104	274	376	433	480	404
+ Research & Development	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	93	48	2	8	17	52	50
Operating Income (Loss)	-10	-142	77	76	80	42	-56
- Non-Operating (Income) Loss	44	632	95	7	9	20	596
+ Interest Expense, Net	41	57	58	13	14	23	24
+ Interest Expense	41	57	58	13	14	23	24
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	2	575	37	-6	-4	-4	572
Pretax Income	-54	-774	-19	69	71	23	-652
- Income Tax Expense (Benefit)	- -	- -	- -	-2	-42	8	69
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-54	-774	-19	71	113	14	-721
- Net Extraordinary Losses (Gains)	- -	- -	-6	84	77	10	-584
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	-6	84	77	10	-584
Income (Loss) Incl. MI	-54	-774	-13	-13	36	5	-137
- Minority Interest	- -	- -	3	-42	-39	-5	292
Net Income, GAAP	-54	-774	-16	29	75	9	-429
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-54	-774	-16	29	75	9	-429
EBIT	-10	-142	77	76	80	42	-56
EBITDA	83	-94	79	86	98	88	-6
EBITDA Margin (%)	17.73	-267.79	17.81	14.32	13.79	11.37	-0.98
EBITA	-10	-142	77	76	80	42	-56
Gross Margin (%)	77.39	29.61	79.55	76.59	74.44	73.97	69.61
Operating Margin (%)	-2.12	-405.34	17.28	12.67	11.27	5.44	-9.9
Profit Margin (%)	-11.48	-2,207.1	-3.64	4.77	10.46	1.22	-75.21
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	93	48	2	10	18	46	51
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	130	408	610	332	246	345	178
+ Cash, Cash Equivalents & STI	81	285	490	252	125	243	103
+ Cash & Cash Equivalents	81	285	490	252	125	243	103
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	25	35	36	37	58	48	31
+ Accounts Receivable, Net	25	35	36	37	58	48	31
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Inventories	12	7	12	13	21	20	18
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	12	7	12	13	21	20	18
+ Other ST Assets	12	80	73	31	41	34	27
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	1,367	751	799	820	1,304	1,291	458
+ Property, Plant & Equip, Net	- -	- -	1	18	20	25	23
+ Property, Plant & Equip	- -	- -	1	19	22	28	28
- Accumulated Depreciation	- -	- -	- -	1	2	3	5
+ LT Investments & Receivables	- -	- -	- -	- -	3	4	4
+ LT Investments	- -	- -	- -	- -	3	4	4
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	1,367	751	798	802	1,281	1,263	431
+ Total Intangible Assets	1,361	750	797	797	1,189	1,176	425
+ Goodwill	1,060	683	718	715	947	943	284
+ Other Intangible Assets	301	67	79	82	241	233	142
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	6	1	1	4	93	87	6
Total Assets	1,497	1,159	1,409	1,151	1,550	1,636	637
+ Payables & Accruals	124	300	443	337	432	372	265
+ Accounts Payable	91	63	191	161	258	233	153
+ Accrued Taxes	10	17	9	1	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	22	221	243	175	175	139	112
+ ST Debt	6	6	- -	3	4	4	4
+ ST Borrowings	6	6	- -	3	4	4	4
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	34	25	54	38	52	50	34
+ Deferred Revenue	6	6	25	32	35	24	20
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	28	19	29	6	17	26	14
Total Current Liabilities	163	331	497	378	488	426	303
+ LT Debt	607	871	460	280	281	404	400
+ LT Borrowings	607	871	460	265	265	385	383
+ LT Finance Leases	- -	- -	- -	15	16	19	16
+ Other LT Liabilities	209	229	26	13	195	193	19
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	209	229	26	13	195	193	19
Total Noncurrent Liabilities	816	1,100	486	293	476	596	419
Total Liabilities	979	1,431	983	671	963	1,022	722
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	773	756	182	664	1,096	1,268	1,368
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	773	756	182	664	1,096	1,268	1,368
- Treasury Stock	- -	- -	- -	32	53	76	94
+ Retained Earnings	-252	-1,027	-1,043	-1,014	-940	-930	-1,359
+ Other Equity	-2	-1	- -	- -	1	-1	- -
Equity Before Minority Interest	518	-272	-861	-383	105	261	-85
+ Minority/Non Controlling Interest	- -	- -	1,286	863	482	353	- -
Total Equity	518	-272	425	480	587	614	-85
Total Liabilities & Equity	1,497	1,159	1,409	1,151	1,550	1,636	637
Shares Outstanding	4	4	4	4	7	7	11
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	15	16	19	16
Net Debt	531	592	-29	16	143	145	285
Net Debt to Equity	102.49	-217.81	-6.91	3.35	24.38	23.68	-334.39
Tangible Common Equity Ratio	-619.27	-250.05	-60.68	-89.52	-166.42	-122.25	-241.49
Current Ratio	0.8	1.23	1.23	0.88	0.5	0.81	0.59
Cash Conversion Cycle	- -	-912.42	-420.12	-400.61	-343.23	-384.75	-344.99

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-54	-774	-19	71	113	14	-721
+ Depreciation & Amortization	93	48	2	10	18	46	51
+ Non-Cash Items	11	599	29	14	-20	47	685
+ Stock-Based Compensation	5	4	6	19	28	50	37
+ Deferred Income Taxes	- -	- -	- -	- -	-45	1	75
+ Asset Impairment Charge	- -	574	- -	- -	- -	- -	725
+ Other Non-Cash Adj	6	20	23	-5	-3	-5	-152
+ Chg in Non-Cash Work Cap	26	94	164	-81	36	-53	-106
+ (Inc) Dec in Accts Receiv	- -	-10	-1	- -	-17	10	18
+ (Inc) Dec in Inventories	-2	4	-4	-1	-8	1	1
+ (Inc) Dec in Prepaid Assets	1	-68	8	43	-1	1	6
+ Inc (Dec) in Accts Payable	25	167	142	-125	55	-54	-115
+ Inc (Dec) in Other	2	1	19	3	8	-12	-16
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	76	-34	176	14	147	54	-92
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-9	-8	-10	-15	-13	-24	-19
+ Acq of Fixed Prod Assets	-1	- -	-1	-4	-1	-4	-2
+ Acq of Intangible Assets	-8	-7	-9	-12	-12	-20	-17
+ Cash (Repurchase) of Equity	- -	- -	475	-32	-20	-23	-18
+ Increase in Capital Stock	- -	- -	475	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	-32	-20	-23	-18
+ Net Change in LT Investment	- -	- -	- -	- -	-6	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	-6	- -	- -
+ Net Cash From Acq & Div	-31	- -	- -	- -	-207	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-31	- -	- -	- -	-207	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-2	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-40	-8	-9	-15	-226	-27	-20
+ Dividends Paid	-8	- -	-18	- -	- -	- -	- -
+ Net Cash From Debt	-47	254	-413	-193	-3	120	-3
+ Cash From Debt	- -	310	- -	275	- -	126	77
+ Repayments of Debt	-47	-56	-413	-468	-3	-5	-80
+ Other Financing Activities	- -	-8	-6	-11	-20	-11	-8
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-55	246	38	-236	-43	86	-29
Effect of Foreign Exchange Rates	- -	- -	- -	- -	2	-1	- -
Net Changes in Cash	-19	204	204	-238	-122	113	-141
EBITDA	83	-94	79	86	98	88	-6
EBITDA Margin (%)	17.73	-267.79	17.81	14.32	13.79	11.37	-0.98
Free Cash Flow	67	-41	166	-1	135	30	-111
Net Cash Paid for Acquisitions	31	- -	- -	- -	207	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	44	- -
Free Cash Flow to Equity	- -	220	-238	-182	143	170	-97
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	-1.42	0.04	-10.91	0.5	1.98	5.72	0.21
Capital Expenditures	-9	-8	-10	-15	-13	-24	-19