Vivid Seats Inc.
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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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.
Sep 30, 2026 · Filed Nov 9, 2026
SEAT$1.49-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(46,336) | $(292,828) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 36,935 | 37,689 |
| Amortization of leases | 1,096 | 1,165 |
| Amortization of deferred financing costs | 1,428 | 735 |
| Equity-based compensation | 13,719 | 33,886 |
| Loss on asset disposals | 334 | 380 |
| Change in fair value of derivative asset | 473 | 841 |
| Deferred income tax expense (benefit) | (605) | 76,786 |
| Non-cash interest expense – net | 376 | 499 |
| Foreign currency loss (gain) – net | 126 | (2,363) |
| Write-off of deferred financing costs | 193 | — |
| Change in fair value of Intermediate Warrants | — | (5,713) |
| Loss on extinguishment of debt | — | 801 |
| Adjustment of liabilities under TRA | — | (149,787) |
| Impairment charges | — | 320,449 |
| Write-off of Sponsorship Loan | — | 2,024 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable – net | (6,228) | 10,027 |
| Inventory – net | 634 | (3,967) |
| Prepaid expenses and other current assets | (3,551) | 6,254 |
| Accounts payable | (14,704) | (34,242) |
| Accrued expenses and other current liabilities | (9,204) | (39,611) |
| Deferred revenue | (4,986) | (5,681) |
| Long-term lease liabilities | (1,792) | (1,731) |
| Other assets and liabilities – net | 47 | (9,009) |
| Net cash used in operating activities | (32,045) | (53,396) |
| Cash flows from investing activities | ||
| Purchases of property and equipment | (35) | (2,053) |
| Purchases of personal seat licenses | (625) | (990) |
| Investments in developed technology | (8,565) | (12,533) |
| Purchases of seat images | (287) | (686) |
| Net cash used in investing activities | (9,512) | (16,262) |
| Cash flows from financing activities | ||
| Payments of taxes related to net settlement of equity incentive awards | (905) | (1,848) |
| Payments of 2025 First Lien Loan | (2,948) | (1,964) |
| Payments toward Acquired Domain Name Obligation | (1,500) | (1,500) |
| Payments of deferred financing costs and other debt-related expenses | (10,606) | (162) |
| Tax distributions to redeemable noncontrolling interests | — | (1,689) |
| Repurchases of Class A common stock | — | (18,292) |
| Payment of liabilities under TRA | — | (4,005) |
| Payments of 2024 First Lien Loan | — | (76,986) |
| Proceeds from 2025 First Lien Loan | — | 76,986 |
| Repurchase and retirement of fractional shares resulting from Reverse Stock Split | — | (5) |
| Net cash used in financing activities | (15,959) | (29,465) |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (122) | 188 |
| Net decrease in cash, cash equivalents, and restricted cash | (57,638) | (98,935) |
| Cash, cash equivalents, and restricted cash – beginning of period | 103,306 | 244,648 |
| Cash, cash equivalents, and restricted cash – end of period | $45,668 | $145,713 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $18,140 | $20,984 |
| Cash paid for income taxes, net of income tax refunds received | $1,022 | $5,259 |
| Cash paid for operating lease liabilities | $2,739 | $2,467 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Equity-based compensation expense related to capitalized development costs | $295 | $515 |
| Deferred financing costs and other debt-related expenses recorded in Accrued expenses and other current liabilities | $1,092 | $— |
| Excise taxes related to repurchases of Class A common stock recorded in Accrued expenses and other current liabilities | $— | $29 |
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