NASDAQ · SEAT
Vivid Seats Inc.
Communication Services · Internet Content & Information
$3.94▲ 6.49% ($0.24)today
As of 2:16 PM ET
Market cap
$44.29M
Valuation
Revenue & margin DCF
Verdict: cheap. Price below all scenarios.
The price holds with revenue shrinking 4.9% a year for 10 years. Our scenarios assume 0.9–4.4%.
That's below its past 4-year pace of 6.5%.
Value per share
Base case
$37.10
Price used $3.94 is 89% below this
USD · TTM ending Jun 30, 2026 · Price Sep 28, 6:16 PM UTC
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
2 more notes
The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.
This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.
Revenue each value needs
Revenue today $519M. The price needs $312M by 2036. Base case: $587M. At its recent pace: $977M. Bear to Bull: $567M to $798M.
Revenue today $519M. The price needs $312M by 2036. Base case: $587M. At its recent pace: $977M. Bear to Bull: $567M to $798M.
Revenue in 2036
today $519M
−$274Mless than the Base case
Value per share · Base case
$37.10
Price $3.94
89% below this
- 10-yr revenue CAGR
- 1.2%
- Ending operating margin
- 5.1%
- Discount rate
- 5.7%
Starting margins use a cash-flow proxy. Review the reconciliation to reported operating earnings.
2 more notes
The discount rate uses the model's minimum bound. Limited beta or capital-structure data may affect this estimate.
This estimate is at least 3× the price used. Review the growth, margin and investment assumptions behind the gap.
USD · TTM ending Jun 30, 2026 · Price Sep 28, 6:16 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 76.21% over the last year. Revenue declined 25.24% over the trailing twelve months. Operating margin moved from -46.45% to -10.61%. Free cash flow grew 85.15% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at -10.61%. A decisive move in revenue — currently down 25.24% — would be the clearest signal to resolve the ambiguity.
Return analysis
Company profile
Vivid Seats Inc. operates an online platform for the secondary market of tickets, serving customers throughout the United States and Canada.
Market multiples
Stock splits
Every 20 shares became 1
Profitability & growth
Analyst consensus
6
Buy
6
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Nov 5, 2026
Q4 FY26 · EPS est -$1.11 · Revenue est $127.31M
View
Institutional Sentiment
Vivid Seats Inc. · SEAT
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.