Vivid Seats (SEAT) Cash Flow: Operating & Free Cash Flow

Vivid Seats Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Vivid Seats Inc. (SEAT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Operating Activities
Net Income	-721.49	14.30	113.14	70.78	-19.13	-774.19	-53.85
Depreciation & Amortization	51.88	45.94	18.92	10.95	6.79	48.25	93.08
Deferred Income Tax	74.75	1.25	-44.86	0.00	0.00	0.00	3.37
Stock Based Compensation	36.73	50.43	27.61	19.05	6.05	4.29	5.17
Change in Working Capital	-105.95	-53.01	36.19	-80.77	119.65	93.53	25.84
Change in Accounts Receivable	17.55	9.78	-17.13	-0.33	-0.87	-10.25	0.23
Change in Inventory	1.43	1.41	-8.18	-1.01	-4.31	4.09	-1.63
Change in Accounts Payable	-79.46	-23.69	53.82	-30.78	128.16	-28.67	1.79
Change in Other Working Capital	-5.85	-40.51	5.52	38.92	-42.71	128.33	25.45
Other Operating Activities	647.23	-4.98	-48.54	-5.64	62.43	16.36	2.86
Net Cash from Operating Activities	-91.60	53.92	147.32	14.38	175.79	-33.89	76.48
Investing Activities
Capital Expenditures	-2.16	-4.23	-0.90	-3.56	-1.13	-0.34	-9.21
Acquisitions	0.00	0.00	-206.87	-0.01	0.30	0.00	-31.12
Purchases of Investments	0.00	0.00	-6.00	0.00	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	-11.88	-11.85	-8.51	-7.26	0.00
Other Investing Activities	-18.01	-22.52	-6.00	-11.85	-8.51	-7.26	0.17
Net Cash from Investing Activities	-20.17	-26.74	-225.64	-15.42	-9.35	-7.61	-40.16
Financing Activities
Debt Repayment	79.93	120.18	3.03	467.77	413.01	-55.86	-46.97
Common Stock Issued	0.00	0.00	0.00	0.00	752.91	0.00	0.00
Common Stock Repurchased	18.30	-22.98	20.09	32.49	-236.03	0.00	0.00
Dividends Paid	0.00	0.00	0.00	0.00	-17.70	-0.12	-8.10
Other Financing Activities	-6.24	-11.12	-20.31	-11.21	229.59	-8.48	-0.40
Net Cash from Financing Activities	-29.37	86.08	-43.43	-236.48	38.03	245.55	-55.46
Summary
Effect of Forex Changes on Cash	-0.20	-1.05	1.90	0.00	0.00	0.00	0.00
Net Change in Cash	-141.34	112.21	-119.86	-237.52	204.47	204.05	-19.14
Cash at Beginning of Period	244.65	132.43	252.29	489.81	285.34	81.29	100.43
Cash at End of Period	103.31	244.65	132.43	252.29	489.81	285.34	81.29
Free Cash Flow	-93.76	49.70	146.43	10.82	174.66	-34.23	67.27
Supplemental Disclosures
Interest Paid	-	19.50	19.33	14.79	72.74	34.59	-
Income Taxes Paid	-	5.47	4.02	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Vivid Seats Cash Flow

What is Vivid Seats's free cash flow?

Vivid Seats had negative free cash flow of $93.76M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$91.60M minus $2.16M of capital expenditures.

How much does Vivid Seats spend on capital expenditures?

Vivid Seats spent $2.16M on capital expenditures in fiscal 2025, compared with $4.23M a year earlier.

Does Vivid Seats pay dividends or buy back shares?

Yes. In fiscal 2025 Vivid Seats returned $18.30M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition