Vivid Seats Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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.
Mar 31, 2026 · Filed May 5, 2026
SEAT$1.49-1.3%Stored close · as of Nov 10, 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 Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(14,631) | $(9,788) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | ||
| Depreciation and amortization | 12,308 | 11,625 |
| Amortization of leases | 356 | 324 |
| Amortization of deferred financing costs | 235 | 241 |
| Equity-based compensation | 4,414 | 10,751 |
| Loss on asset disposals | 59 | 47 |
| Change in fair value of derivative asset | 196 | 350 |
| Deferred income tax benefit | (1,206) | (1,464) |
| Non-cash interest expense – net | 142 | 173 |
| Foreign currency loss (gain) – net | 806 | (2,041) |
| Change in fair value of Intermediate Warrants | — | (3,115) |
| Loss on extinguishment of debt | — | 801 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable – net | (5,833) | (8,367) |
| Inventory – net | (10,713) | (8,049) |
| Prepaid expenses and other current assets | (7,558) | (1,964) |
| Accounts payable | 71,479 | (6,943) |
| Accrued expenses and other current liabilities | (2,680) | (6,748) |
| Deferred revenue | (828) | (691) |
| Long-term lease liabilities | (586) | (560) |
| Other assets and liabilities – net | 47 | 130 |
| Net cash provided by (used in) operating activities | 46,007 | (25,288) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (23) | (1,836) |
| Purchases of personal seat licenses | (384) | (563) |
| Investments in developed technology | (2,677) | (4,526) |
| Purchases of seat images | (20) | (146) |
| Payments toward Acquired Domain Name Obligation | — | (500) |
| Net cash used in investing activities | (3,104) | (7,571) |
| Cash flows from financing activities | ||
| Payments of taxes related to net settlement of equity incentive awards | (338) | (1,411) |
| Payment of 2025 First Lien Loan | (983) | — |
| Payments toward Acquired Domain Name Obligation | (500) | — |
| Repurchases of Class A common stock | — | (5,992) |
| Payment of liabilities under TRA | — | (4,005) |
| Payments of 2024 First Lien Loan | — | (76,986) |
| Proceeds from 2025 First Lien Loan | — | 76,986 |
| Payment of deferred financing costs and other debt-related expenses | — | (162) |
| Net cash used in financing activities | (1,821) | (11,570) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (229) | 474 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 40,853 | (43,955) |
| Cash, cash equivalents, and restricted cash – beginning of period | 103,306 | 244,648 |
| Cash, cash equivalents, and restricted cash – end of period | $144,159 | $200,693 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $6,153 | $7,749 |
| Cash paid for income taxes | $55 | $1,286 |
| Cash paid for operating lease liabilities | $916 | $897 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Equity-based compensation expense related to capitalized development costs | $118 | $184 |
| Repurchases of Class A common stock recorded in Accrued expenses and other current liabilities | $— | $925 |
| Tax distribution to redeemable noncontrolling interests recorded in Accrued expenses and other current liabilities | $— | $1,689 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.