Filing Flows › Vivid Seats (SEAT) › Q1 2026 › vs Q4 2025
Vivid Seats (SEAT) Q1 2026 vs Q4 2025 (quarter over quarter)
Vivid Seats's revenue rose $42K (0%) from $97.5M in Q4 2025 to $97.5M in Q1 2026. The biggest changes: Concerts +$9.2M (+27%); Sports −$4.7M (-14%); Theater −$4.3M (-18%).
Vivid Seats, Q1 2026: revenue $97.5M (-27% year over year), operating margin -15.0%, net loss $14.6M, operating cash flow $46.0M. The chart draws each line against Q4 2025, the increases inside each band.
Margins
| Q1 2026 | Q4 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 47.2% | -39.3% | +86.5 pts |
Every line
| Line | Q1 2026 | Q4 2025 | Change | % |
|---|---|---|---|---|
| Concerts | $43.6M | $34.3M | $9.2M | +27% |
| Sports | $29.5M | $34.2M | −$4.7M | -14% |
| Theater | $20.1M | $24.4M | −$4.3M | -18% |
| Other | $4.3M | $4.5M | −$207K | -5% |
| Revenue | $97.5M | $97.5M | $42K | 0% |
| Net loss | $14.6M | $429M | −$414M | -97% |
| Costs & expenses | $112M | $526M | −$414M | -79% |
| Operating costs | $112M | $526M | −$414M | -79% |
| Operating cash sources | $60.6M | $390M | −$330M | -84% |
| Depreciation & amortization | $12.3M | $11.7M | $605K | +5% |
| Share-based compensation | $4.4M | $2.8M | $1.6M | +55% |
| Working capital & other | $43.9M | $376M | −$332M | -88% |
| Net loss absorbed | $14.6M | $429M | −$414M | -97% |
| Operating cash flow | $46.0M | −$38.2M | $84.2M | — |
| Free cash flow (OCF − capex) | $46.0M | −$38.3M | $84.3M | — |
| Capital expenditures | $23K | $111K | −$88K | -79% |
Questions
How much did Vivid Seats's revenue grow quarter over quarter in Q1 2026?
Vivid Seats's revenue rose $42K (0%) from $97.5M in Q4 2025 to $97.5M in Q1 2026.
What drove Vivid Seats's revenue change in Q1 2026?
Concerts +$9.2M (+27%); Sports −$4.7M (-14%); Theater −$4.3M (-18%).