Vivid Seats (SEAT) Cost of Revenue (2020 - 2026)
Vivid Seats (SEAT) posted quarterly Cost of Revenue of $39.2 million for Q1 2026, up 66.6% year-over-year from $23.5 million in Q1 2025, and up 166.2% quarter-over-quarter from -$59.2 million in Q4 2025.
Analysis
Vivid Seats (SEAT) Cost of Revenue (2020 - 2026) Analysis & Trends
Vivid Seats' Cost of Revenue history runs 7 years deep, the most recent figure standing at $39.2 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 66.6% year-over-year to $39.2 million; the TTM figure through Mar 2026 stood at $42.5 million (down 57.6% YoY), while the FY2025 annual figure was $72.1 million, down 27.52% from the prior year.
- Cost of Revenue for Q1 2026 stood at $39.2 million, up from -$59.2 million in the prior quarter.
- The five-year high for Cost of Revenue was $118.1 million in Q4 2023, with the low at -$59.2 million in Q4 2025.
- The 5-year median for Cost of Revenue is $25.1 million (2023), against an average of $25.2 million.
- The sharpest annual moves came in 2022 and 2025: Cost of Revenue soared 719.46% in 2022, then sank 335.86% in 2025.
- Vivid Seats' Cost of Revenue stood at -$34.8 million in 2022, then jumped by 439.15% to $118.1 million in 2023, then plunged by 78.74% to $25.1 million in 2024, then tumbled by 335.86% to -$59.2 million in 2025, then jumped by 166.2% to $39.2 million in 2026.
- Business Quant data shows SEAT's Cost of Revenue at $39.2 million in Q1 2026, -$59.2 million in Q4 2025, and $44.3 million in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,083.83 Bn | 3,654.79 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,456.07 Bn | 1,365.81 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Spotify Technology | 111.71 Bn | 104.79 Bn | 1.86 Bn | 3.70 Bn |
| 4 | Nebius | 50.03 Bn | 40.93 Bn | 448.70 Mn | 133.60 Mn |
| 5 | 28.44 Bn | 25.65 Bn | 734.60 Mn | 70.31 Mn | |
| 6 | Bilibili | 13.59 Bn | 11.45 Bn | 433.97 Mn | 732.09 Mn |
| 7 | Tencent Music Entertainment | 12.71 Bn | 9.21 Bn | 582.00 Mn | 735.00 Mn |
| 8 | 12.21 Bn | 10.93 Bn | 922.30 Mn | 257.35 Mn | |
| 9 | Match | 9.45 Bn | 8.86 Bn | 648.84 Mn | 204.26 Mn |
| 10 | Vivid Seats | 65.08 Mn | -72.50 Mn | 91.22 Mn | 38.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.64 Mn |
| Jun 30, 2026 | 38.64 Mn |
| Mar 31, 2026 | 39.20 Mn |
| Mar 31, 2026 | 39.20 Mn |
| Dec 31, 2025 | 42.14 Mn |
| Dec 31, 2025 | 42.14 Mn |
| Sep 30, 2025 | 44.34 Mn |
| Sep 30, 2025 | 44.34 Mn |
| Jun 30, 2025 | 42.43 Mn |
| Jun 30, 2025 | 42.43 Mn |
| Mar 31, 2025 | 44.53 Mn |
| Mar 31, 2025 | 44.53 Mn |
| Dec 31, 2024 | 52.48 Mn |
| Dec 31, 2024 | 52.48 Mn |
| Sep 30, 2024 | 51.03 Mn |
| Sep 30, 2024 | 51.03 Mn |
| Jun 30, 2024 | 48.77 Mn |
| Jun 30, 2024 | 48.77 Mn |
| Mar 31, 2024 | 49.58 Mn |
| Mar 31, 2024 | 49.58 Mn |