← Vivid Seats Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income (loss) | ($53.8m) |
($774.2m)
-1337.72%
|
($19.1m)
+97.53%
|
$28.7m
+249.84%
|
$113.1m
+294.74%
|
$14.3m
-87.36%
|
($721.5m)
-5144.68%
|
— | |
| Depreciation and amortization | $93.1m | $48.2m | $2.3m | $7.7m | $17.2m | $44.2m | $49.4m | $51.6m | |
| Amortization of leases | — | $0 | $0 | $2.2m | $818k | $1.7m | $1.5m | — | |
| Amortization of deferred financing costs | $2.9m | $3.9m | $4.5m | $1.1m | $924k | $988k | $970k | — | |
| Deferred income tax expense (benefit) | — | — | — | ($1.9m) | ($44.9m) | $1.2m | $74.7m | ($2.4m) | |
| Reduction of deferred tax assets under the repurchases of Class A common stock, net of tax impacts | — | — | — | $0 | $0 | $2.0m | $0 | — | |
| Establishment of deferred tax assets under 2023 Secondary Offerings and other equity transactions | — | — | $0 | $0 | $67.1m | $0 | $0 | — | |
| Impairment charges | $0 | $573.8m | $0 | $0 | $0 | $0 | $723.0m | — | |
| Accounts receivable - net | $225k | ($10.2m) | ($874k) | ($329k) | ($17.1m) | $9.8m | $17.5m | $3.9m | |
| Inventory - net | ($1.6m) | $4.1m | ($4.3m) | ($1.0m) | ($8.2m) | $1.4m | $1.4m | $5.7m | |
| Accounts payable | $1.8m | ($28.7m) | $128.2m | ($30.8m) | $53.8m | ($23.7m) | ($79.5m) | $27.6m | |
| Repurchase Of Common Stock Recorded In Accounts Payable | — | — | — | — | $0 | $0 | $57k | — | |
| Accrued expenses and other current liabilities | $23.3m | $195.4m | $14.2m | ($94.4m) | ($1.3m) | ($30.2m) | ($35.8m) | — | |
| Deferred revenue | $2.0m | $24k | $19.2m | $6.8m | $827k | ($10.9m) | ($3.8m) | — | |
| Prepaid expenses and other current assets | $642k | ($67.6m) | $7.6m | $42.9m | ($1.2m) | $1.2m | $5.8m | — | |
| Other assets and liabilities - net | ($468k) | $512k | ($189k) | ($4.0m) | ($6.7m) | $358k | ($9.4m) | — | |
| Tax Distribution to Redeemable Noncontrolling Interests Recorded in Prepaid Expenses and Other Current Assets | $38.7m | $34.6m | $28.6m | $14.8m | $0 | $0 | $239k | — | |
| Net cash provided by operating activities | $76.5m |
($33.9m)
-144.32%
|
$219.9m
+748.92%
|
$14.4m
-93.46%
|
$147.3m
+924.83%
|
$53.9m
-63.40%
|
($91.6m)
-269.87%
|
$7.5m
+108.21%
|
|
| Purchases of property and equipment | ($1.3m) | ($341k) | ($1.1m) | ($3.6m) | ($895k) | ($4.2m) | ($2.2m) | ($14.6m) | |
| Property and equipment acquired through tenant improvement allowance | ($1.3m) | $0 | $0 | $6.5m | $0 | $651k | $0 | — | |
| Investments in developed technology | ($7.9m) | ($7.3m) | ($8.4m) | ($11.7m) | ($11.3m) | ($19.0m) | ($16.1m) | — | |
| Transfer of cash consideration during 2023 Acquisitions, net of cash acquired | — | — | $301k | ($8k) | ($206.9m) | $0 | $0 | $0 | |
| Net cash used in investing activities | ($40.2m) | ($7.6m) | ($9.3m) | ($15.4m) | ($225.6m) | ($26.7m) | ($20.2m) | ($15.4m) | |
| Loss on extinguishment of debt | $2.4m | $685k | $35.8m | $4.3m | $0 | $0 | $801k | — | |
| Payments of deferred financing costs and other debt-related expenses | ($400k) | ($8.5m) | $0 | ($4.9m) | $0 | ($315k) | ($162k) | — | |
| Repurchases of Class A common stock | — | — | $0 | ($32.5m) | ($20.1m) | ($23.0m) | ($18.3m) | — | |
| Mergers and exchange of Class B common stock for Class A common stock in connection with Corporate Simplification | $0 | $0 | $277.7m | $0 | $0 | $0 | $1.6m | — | |
| Issuance of Class A common stock to terminate TRA | — | — | — | — | $0 | $0 | $5.0m | — | |
| Net cash provided by (used in) financing activities | ($55.5m) |
$245.5m
+542.73%
|
($6.1m)
-102.49%
|
($236.5m)
-3768.48%
|
($43.4m)
+81.63%
|
$86.1m
+298.20%
|
($29.4m)
-134.12%
|
($7.6m)
+74.20%
|
|
| Net increase (decrease) in cash and cash equivalents and restricted cash | ($19.1m) | $204.0m | $204.5m | ($237.5m) | ($119.9m) | $112.2m | ($141.3m) | — | |
| Cash, cash equivalents, and restricted cash - beginning of period | $81.3m | $285.3m | $489.8m | $252.3m | $132.4m | $244.6m | $103.3m | — | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | — | — | $0 | $0 | $1.9m | ($1.0m) | ($200k) | ($909k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Equity-based compensation | $5.2m | $4.3m | $6.0m | $19.1m | $27.6m | $50.4m | $36.7m | — | |
| Change in fair value of warrants | $0 | $0 | $1.4m | ($8.2m) | ($971k) | ($4.0m) | ($5.9m) | — | |
| Loss on asset disposals | $960k | $169k | $0 | $369k | $685k | $277k | $555k | — | |
| Change in fair value of derivative asset | — | — | $0 | $0 | ($536k) | $800k | $2.2m | — | |
| Non-cash interest income - net | — | — | $0 | $0 | ($261k) | ($890k) | $651k | — | |
| Unrealized foreign currency loss (gain) | — | — | $0 | $0 | ($2.2m) | $4.1m | ($126k) | — | |
| Adjustment of liabilities under TRA | — | — | $0 | $0 | $574k | ($6.2m) | ($150.7m) | — | |
| Write-off of Sponsorship Loan | — | — | — | — | $0 | $0 | $2.0m | — | |
| Change in fair value of contingent consideration | — | $0 | $0 | ($2.1m) | ($998k) | $0 | $0 | — | |
| Long-term Lease Liabilities | — | — | — | $0 | $0 | ($994k) | ($2.3m) | — | |
| Purchases of personal seat licenses | $0 | $0 | ($76k) | ($165k) | ($542k) | ($737k) | ($983k) | — | |
| Purchases of seat images | — | — | — | $0 | $0 | ($347k) | ($919k) | — | |
| Disbursement of Sponsorship Loan | — | — | — | $0 | $0 | ($2.0m) | $0 | — | |
| Payments toward Acquired Domain Name Obligation | — | — | — | — | $0 | ($417k) | $0 | — | |
| Investment in Note and Warrant | — | — | $0 | $0 | ($6.0m) | $0 | $0 | — | |
| Payments of Loan | — | $0 | $0 | ($2.1m) | ($2.8m) | ($2.7m) | ($79.9m) | — | |
| Proceeds of Loan | — | — | — | $275.0m | $0 | $0 | $0 | — | |
| Payments of Shoko Chukin Bank Loan | — | — | — | $0 | ($279k) | ($2.7m) | $0 | — | |
| Payments of Acquired Domain Name Obligation | — | — | — | $0 | $0 | ($417k) | ($2.0m) | — | |
| Proceeds from 2024 First Lien Loan | — | — | $0 | $275.0m | $0 | $125.5m | $77.0m | — | |
| Tax distributions to redeemable noncontrolling interests | — | — | — | ($5.2m) | ($14.3m) | ($10.0m) | ($1.7m) | — | |
| Payments of taxes related to net settlement of equity incentive awards | — | — | — | $0 | $0 | ($714k) | ($1.9m) | — | |
| Payment of liabilities under TRA | — | — | — | $0 | $0 | ($77k) | ($4.0m) | — | |
| Repurchase and retirement of fractional shares resulting from Reverse Stock Split value | — | — | — | — | $0 | $0 | ($5k) | — | |
| Cash paid for milestone payments | — | — | $0 | ($1.1m) | ($6.0m) | $0 | $0 | — | |
| Cash paid for interest | $38.7m | $34.6m | $28.6m | $14.8m | $19.3m | $19.5m | $27.7m | — | |
| Cash paid for income tax | — | — | $0 | $0 | $4.0m | $5.5m | $6.4m | — | |
| Cash paid for operating lease liabilities | $76.5m | ($33.9m) | $0 | $3.1m | $1.2m | $3.4m | $3.4m | $7.5m | |
| Equity-based compensation expense related to capitalized development costs | — | $0 | $0 | $79k | $428k | $766k | $650k | — | |
| Right-of-use assets obtained in exchange for operating lease liabilities | — | $0 | $0 | $3.4m | $0 | $4.7m | $0 | — | |
| Reclassification of Intermediate Warrants from liability instruments to equity instruments | — | — | — | — | $0 | $0 | $312k | — | |
| Domain obtained through Acquired Domain Name Obligation | — | — | — | $0 | $0 | $17.3m | $0 | — | |
| Transfer of non-cash consideration during Vegas.com Acquisition | — | $0 | $21.3m | $0 | $95.5m | $0 | $0 | — | |
| Establishment of liabilities under TRA | — | — | $0 | $0 | $165.2m | $0 | $0 | — |