SEAT PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d ⚠ clustered

SEAT ▲ +51.86% at T+60d

SHORT call ✗ call lost -51.86% · α vs SPY -41.16% · entry $5.65 → $8.58

Currently $7.76 · -37.35% from $5.65 entry (call sign-flipped)

Entry anchored
Mar 11, 03:59 PM ET
via Databento tick

T+1d

+4.42%

call -4.42% · α -5.02%

$5.90

settled 3mo ago

T+5d

+7.79%

call -7.79% · α -8.77%

$6.09

settled 3mo ago

T+20d

+7.26%

call -7.26% · α -5.28%

$6.06

settled 2mo ago

T+60d

+51.86%

call -51.86% · α -41.16%

$8.58

settled 5d ago

Price Chart

Loading chart...

Executive Summary

Vivid Seats reported sharply declining financial performance for Q4 and full-year 2025, with revenue down 37% and 26% respectively, and a massive net loss of $721.5 million driven by a $723 million impairment charge. Despite management's optimism about cost reductions and app improvements, the company's fundamentals are deteriorating rapidly. Guidance for 2026 suggests continued revenue contraction and margin pressure.

Key Financial Metrics

Revenue

$570.8M

-26.4% YoY

EPS

$-61.50

Guidance

$2.2B-$2.6B

lowered

Actionable Insight

The stock may face further downside as the business contracts and investors question the viability of the platform. The massive impairment suggests fundamental deterioration in asset values. Monitor whether the cost-cutting program can stabilize margins, but expect continued revenue pressure. Short interest could rise given deteriorating fundamentals and negative cash flow trend.

Key Facts

Q4 2025 revenue was $126.8 million, down 37% YoY from $199.8 million
Full-year 2025 revenue was $570.8 million, down 26% from $775.6 million in 2024
Net loss for 2025 was $721.5 million vs. net income of $14.3 million in 2024
Adjusted EBITDA fell 72% to $41.8 million from $151.4 million in 2024
Company took $723 million in impairment charges, primarily on goodwill and intangible assets
Guidance for 2026 calls for Marketplace GOV of $2.2B-$2.6B, down from $2.7B in 2025
Cash balance dropped to $102.7 million from $243.5 million in one year

Financial Impact

Revenue down $204.8 million YoY, $723 million in asset impairments, cash balance down $140.8 million

revenueepscashgoodwillintangible_assetsnet_income

Risk Factors

Continued decline in marketplace transaction volume and revenue
Further asset impairments if stock price and performance don't recover
Liquidity risk as cash balance falls while operating losses continue
Execution risk in turnaround strategy with shrinking top line

Market Snapshot

Exchange

Nasdaq

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3254419

4 reports for SEAT

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for SEAT — sortable, filterable
	Type				Now
May 5, 2026 5w ago	Press Release BEARISH ★ 7/10	$7.16 $9.41	▼ −31.42%	▼ −26.47%	$7.76 (−8.38%)
Apr 22, 2026 7w ago	Press Release NEUTRAL ★ 3/10	$7.24 $8.16	▲ +12.71%	▲ +9.54%	$7.76 (+7.18%)
Mar 12, 2026 13w ago	8-K BEARISH ★ 8/10	$5.65 $6.06	▼ −7.26%	▼ −5.28%	$7.76 (−37.35%)
Mar 12, 2026 13w ago	Press Release BEARISH ★ 8/10	$5.65 $6.06	▼ −7.26%	▼ −5.28%	$7.76 (−37.35%)

US Market Status

Market Closed — Opens Mon (49h 36m)

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access