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.
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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,214.79 Bn | 3,785.76 Bn | 73.85 Bn | 45.94 Bn |
| 2 | Meta Platforms | 1,535.12 Bn | 1,444.86 Bn | 49.47 Bn | 11.33 Bn |
| 3 | Taboola.com | 1,135.20 Bn | 1,135.07 Bn | 139.48 Mn | 337.35 Mn |
| 4 | Baidu | 289.13 Bn | 284.64 Bn | 1.88 Mn | 2.84 Bn |
| 5 | Spotify Technology | 102.98 Bn | 92.74 Bn | 1.75 Bn | 3.56 Bn |
| 6 | Joyy | 77.83 Bn | 76.94 Bn | 205.64 Mn | 376.28 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 131,586.00 |
| 8 | Nebius | 49.19 Bn | 39.56 Bn | 295.20 Mn | 103.80 Mn |
| 9 | 30.41 Bn | 27.63 Bn | 734.60 Mn | 70.31 Mn | |
| 10 | Vivid Seats | 82.98 Mn | -54.60 Mn | 91.22 Mn | 38.64 Mn |
Historic Data
Download 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 | -59.21 Mn |
| Dec 31, 2025 | -59.21 Mn |
| Sep 30, 2025 | 44.34 Mn |
| Sep 30, 2025 | 44.34 Mn |
| Jun 30, 2025 | 18.16 Mn |
| Jun 30, 2025 | 18.16 Mn |
| Mar 31, 2025 | 23.53 Mn |
| Mar 31, 2025 | 23.53 Mn |
| Dec 31, 2024 | 25.10 Mn |
| Dec 31, 2024 | 25.10 Mn |
| Sep 30, 2024 | 27.98 Mn |
| Sep 30, 2024 | 27.98 Mn |
| Jun 30, 2024 | 23.60 Mn |
| Jun 30, 2024 | 23.60 Mn |
| Mar 31, 2024 | 26.14 Mn |
| Mar 31, 2024 | 26.14 Mn |