Vivid Seats Inc.
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
SEAT$1.51-27.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Equity
| Class A common stock · Class B common stock · Treasury stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Shares | Amount | Shares | Amount | Additional paid-in capital | Shares | Amount | Accumulated deficit | Accumulated other comprehensive income (loss) | Total shareholders' equity | |
| Balances at January 1, 2024 | $481,742 | 141,167,311 | $14 | 76,225,000 | $8 | $1,096,430 | (7,291,497) | $(52,586) | $(939,596) | $747 | $105,017 |
| Net income | 4,665 | — | — | — | — | — | — | — | 6,077 | — | 6,077 |
| Issuances of Class A common stock | — | 961,573 | — | — | — | — | — | — | — | — | — |
| Net settlement of equity incentive awards | — | (79,905) | — | — | — | (462) | — | — | — | — | (462) |
| Deemed contributions from former parent | 75 | — | — | — | — | 133 | — | — | — | — | 133 |
| Equity-based compensation | — | — | — | — | — | 8,439 | — | — | — | — | 8,439 |
| Repurchases of Class A common stock | — | — | — | — | — | — | (715,000) | (4,120) | — | — | (4,120) |
| Tax distributions to redeemable noncontrolling interests | (3,654) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive loss | (643) | — | — | — | — | — | — | — | — | (1,130) | (1,130) |
| Subsequent remeasurement of redeemable noncontrolling interests | (25,597) | — | — | — | — | 25,597 | — | — | — | — | 25,597 |
| Balances at March 31, 2024 | 456,588 | 142,048,979 | 14 | 76,225,000 | 8 | 1,130,137 | (8,006,497) | (56,706) | (933,519) | (383) | 139,551 |
| Net loss | (160) | — | — | — | — | — | — | — | (1,061) | — | (1,061) |
| Issuances of Class A common stock | — | 524,906 | — | — | — | — | — | — | — | — | — |
| Net settlement of equity incentive awards | — | (19,182) | — | — | — | (104) | — | — | — | — | (104) |
| Deemed contributions from former parent | 2,959 | — | — | — | — | 5,113 | — | — | — | — | 5,113 |
| Equity-based compensation | — | — | — | — | — | 11,237 | — | — | — | — | 11,237 |
| Repurchases of Class A common stock | — | — | — | — | — | — | (2,743,656) | (15,949) | — | — | (15,949) |
| Tax distributions to redeemable noncontrolling interests | (2,760) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive loss | (476) | — | — | — | — | — | — | — | — | (833) | (833) |
| Subsequent remeasurement of redeemable noncontrolling interests | (17,857) | — | — | — | — | 17,857 | — | — | — | — | 17,857 |
| Balances at June 30, 2024 | $438,294 | 142,554,703 | $14 | 76,225,000 | $8 | $1,164,240 | (10,750,153) | $(72,655) | $(934,580) | $(1,216) | $155,811 |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
(in thousands, except share data) (Unaudited)
| Class A common stock · Class B common stock · Treasury stock | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Redeemable noncontrolling interests | Shares | Amount | Shares | Amount | Additional paid-in capital | Shares | Amount | Accumulated deficit | Accumulated other comprehensive income (loss) | Total shareholders' equity | |
| Balances at January 1, 2025 | $352,922 | 143,819,497 | $14 | 76,225,000 | $8 | $1,267,710 | (11,433,749) | $(75,568) | $(930,171) | $(880) | $261,113 |
| Net loss | (3,846) | — | — | — | — | — | — | — | (5,942) | — | (5,942) |
| Issuances of Class A common stock | — | 2,729,928 | — | — | — | — | — | — | — | — | — |
| Equity-based compensation | — | — | — | — | — | 10,935 | — | — | — | — | 10,935 |
| Repurchases of Class A common stock | — | — | — | — | — | — | (2,378,514) | (6,917) | — | — | (6,917) |
| Tax distributions to redeemable noncontrolling interests | (1,689) | — | — | — | — | — | — | — | — | — | — |
| Other comprehensive income | 429 | — | — | — | — | — | — | — | — | 747 | 747 |
| Net settlement of equity incentive awards | — | (318,445) | — | — | — | (1,411) | — | — | — | — | (1,411) |
| Subsequent remeasurement of redeemable noncontrolling interests | (122,189) | — | — | — | — | 122,189 | — | — | — | — | 122,189 |
| Balances at March 31, 2025 | 225,627 | 146,230,980 | 14 | 76,225,000 | 8 | 1,399,423 | (13,812,263) | (82,485) | (936,113) | (133) | 380,714 |
| Net loss | (123,652) | — | — | — | — | — | — | — | (139,675) | — | (139,675) |
| Issuances of Class A common stock | — | 2,008,200 | — | — | — | — | — | — | — | — | — |
| Equity-based compensation | — | — | — | — | — | 11,838 | — | — | — | — | 11,838 |
| Repurchases of Class A common stock | — | — | — | — | — | — | (3,903,318) | (9,220) | — | — | (9,220) |
| Other comprehensive income | 316 | — | — | — | — | — | — | — | — | 542 | 542 |
| Net settlement of equity incentive awards | — | (178,315) | — | — | — | (331) | — | — | — | — | (331) |
| Subsequent remeasurement of redeemable noncontrolling interests | 26,531 | — | — | — | — | (26,531) | — | — | — | — | (26,531) |
| Balances at June 30, 2025 | $128,822 | 148,060,865 | $14 | 76,225,000 | $8 | $1,384,399 | (17,715,581) | $(91,705) | $(1,075,788) | $409 | $217,337 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands) (Unaudited)
| Six Months Ended June 30, | |
| 2025 | 2024 |
| Cash flows from operating activities | |
|---|---|
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.