StubHub Holdings, Inc.

For the period ended Jun 30, 2026. Filed Aug 13, 2026.

About 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, 2026 · Filed Aug 13, 2026

STUB$5.65-3.4%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Cash Flows

(In thousands)

	Six Months Ended June 30,
	2026	2025
Cash flows from operating activities:
Net income (loss)	$62,652	$(76,012)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	6,403	1,235
Amortization of intangible assets	11,305	11,521
Stock-based compensation	100,014	7,531
Amortization of debt issuance costs	2,403	4,255
Losses on derivatives	12,059	6,689
Amortization of unrealized losses on cash flow hedge	(16,219)	(3,659)
Unrealized foreign exchange (gains) losses	(26,625)	86,898
Loss on extinguishment of debt	1,877	—
Deferred income taxes	(7,926)	(30,670)
Fair value change for preferred stocks and preferred stock bifurcated derivatives	(8,031)	4,375
Other	2,155	7,466
Changes in operating assets and liabilities:
Accounts receivable	(7,142)	(2,573)
Inventory	4,261	743
Prepaid expenses and other current assets	(30,709)	(9,329)
Other non-current assets	16,493	(8,252)
Operating lease right-of-use assets	2,241	2,181
Accounts payable	(15,328)	(15,892)
Payments due to buyers and sellers	472,491	160,720
Accrued expenses and other current liabilities	23,954	(10,735)
Other non-current liabilities	16,607	42,701
Operating lease liabilities	(2,660)	(1,552)
Net cash provided by operating activities	620,275	177,641
Cash flows from investing activities:
Capitalized software development costs	(19,414)	(15,075)
Purchases of property and equipment	(585)	(798)
Purchases of intangible assets	(44)	(942)
Net cash used in investing activities	(20,043)	(16,815)
Cash flows from financing activities:
Proceeds from issuance of Class A common stock upon exercise of stock options and warrants	142	53
Proceeds from issuance of Series N redeemable preferred stock	—	50,000
Proceeds from issuance of Series O redeemable preferred stock	—	30,475
Repurchase and retirement of Class A common stock	—	(1,000)
Repayment of long-term debt obligations	(100,000)	(9,763)
Payments of tax withholding obligations on vested equity awards	(36,251)	—
Payments of deferred offering costs	(2,407)	(1,845)
Net cash (used in) provided by financing activities	(138,516)	67,920
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(2,273)	14,288
Net increase in cash, cash equivalents, and restricted cash	459,443	243,034
Cash, cash equivalents, and restricted cash at beginning of period	1,259,130	1,015,911
Cash, cash equivalents, and restricted cash at end of period	$1,718,573	$1,258,945

STUBHUB HOLDINGS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - continued

(In thousands)

(Unaudited)

	Six Months Ended June 30,
	2026	2025
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	$1,693,051	$1,242,010
Restricted cash in prepaid expenses and other current assets	—	352
Restricted cash	25,522	16,583
Total cash, cash equivalents, and restricted cash	$1,718,573	$1,258,945
Supplemental cash flow information
Cash paid for:
Interest	$60,872	$106,059
Non-cash investing and financing activities:
Stock-based compensation capitalized in development of capitalized software	$34,451	$183
Deferred offering costs accrued, unpaid	$—	$7,149

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.