Vivid Seats (SEAT) Cost of Revenue (2020 - 2025)

Vivid Seats' quarterly Cost of Revenue came in at $133.1 million in Q4 2025, up 279.06% year-on-year from $35.1 million in Q4 2024, and up 382.91% quarter-over-quarter from $27.6 million in Q3 2025.

Vivid Seats (SEAT) Cost of Revenue (2020 - 2025) Analysis & Trends

Vivid Seats has reported Cost of Revenue for 6 years, with the latest figure at $133.1 million in Q4 2025.

  • For the quarter ending Q4 2025, Cost of Revenue rose 279.06% year-over-year to $133.1 million; the trailing twelve-month figure through Mar 2026 stood at $160.7 million (up 25.85% YoY), and the FY2025 full-year result was $208.5 million, changed N/A from the prior year.
  • Cost of Revenue for Q4 2025 stood at $133.1 million, up from $27.6 million in the prior quarter.
  • The five-year high for Cost of Revenue was $133.1 million in Q4 2025, with the low at -$101.4 million in Q4 2022.
  • Average Cost of Revenue over 5 years is $25.4 million, with a median of $27.6 million recorded in 2025.
  • Year-over-year, Cost of Revenue surged 7940.9% in 2021 and slumped 3678.06% in 2022.
  • Tracing SEAT's Cost of Revenue over 5 years: stood at -$2.7 million in 2021, then tumbled by 3678.06% to -$101.4 million in 2022, then soared by 57.39% to -$43.2 million in 2023, then sank by 72.08% to -$74.4 million in 2024, then soared by 279.06% to $133.1 million in 2025.
  • The last three Cost of Revenue figures came in at $133.1 million (Q4 2025), $27.6 million (Q3 2025), and $64.1 million (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Alphabet 4,516.07 Bn 4,300.46 Bn 102.29 Bn 7.61 Bn
2 Meta Platforms 1,527.96 Bn 1,446.78 Bn 46.09 Bn 10.22 Bn
3 Spotify Technology 122.61 Bn 112.37 Bn 1.75 Bn 3.56 Bn
4 Reddit 33.97 Bn 31.20 Bn 511.94 Mn 151.47 Mn
5 Nebius 22.38 Bn 22.38 Bn 295.20 Mn 103.80 Mn
6 Pinterest 13.66 Bn 12.37 Bn 768.96 Mn 238.55 Mn
7 Kanzhun 13.03 Bn 10.93 Bn 255.62 Bn 43.23 Bn
8 Snap 9.94 Bn 7.12 Bn 1.29 Bn 239.01 Mn
9 Match 8.60 Bn 7.57 Bn 653.28 Mn 210.66 Mn
10 Vivid Seats 100.59 Mn -43.57 Mn 97.53 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 133.14 Mn
Dec 31, 2025 133.14 Mn
Sep 30, 2025 27.57 Mn
Sep 30, 2025 27.57 Mn
Mar 31, 2025 64.11 Mn
Mar 31, 2025 64.11 Mn
Dec 31, 2024 -74.36 Mn
Dec 31, 2024 -74.36 Mn
Sep 30, 2024 67.84 Mn
Sep 30, 2024 67.84 Mn
Jun 30, 2024 70.11 Mn
Jun 30, 2024 70.11 Mn
Mar 31, 2024 61.90 Mn
Mar 31, 2024 61.90 Mn
Dec 31, 2023 -43.21 Mn
Dec 31, 2023 -43.21 Mn
Sep 30, 2023 50.46 Mn
Sep 30, 2023 50.46 Mn
Jun 30, 2023 65.19 Mn
Jun 30, 2023 65.19 Mn