Vivid Seats (SEAT) Operating Expenses (2020 - 2026)
Vivid Seats (SEAT) posted quarterly Operating Expenses of $134.6 million for Q1 2026, down 20.06% year-over-year from $168.3 million in Q1 2025, and down 75.42% quarter-over-quarter from $547.4 million in Q4 2025.
Vivid Seats (SEAT) Operating Expenses (2020 - 2026) Analysis & Trends
Vivid Seats' Operating Expenses history runs 7 years deep, the most recent figure standing at $134.6 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 20.06% year-over-year to $134.6 million; the TTM figure through Mar 2026 stood at $1.3 billion (up 79.97% YoY), while the FY2025 annual figure was $1.4 billion, up 84.12% from the prior year.
- Operating Expenses for Q1 2026 stood at $134.6 million, down from $547.4 million in the prior quarter.
- The five-year high for Operating Expenses was $547.4 million in Q4 2025, with the low at -$145.8 million in Q4 2023.
- The 5-year median for Operating Expenses is $134.6 million (2026), against an average of $152.8 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 1539.77% in 2022, then slumped 289.84% in 2023.
- Vivid Seats' Operating Expenses stood at $76.8 million in 2022, then plunged by 289.84% to -$145.8 million in 2023, then jumped by 235.05% to $196.9 million in 2024, then surged by 178.02% to $547.4 million in 2025, then plunged by 75.42% to $134.6 million in 2026.
- Business Quant data shows SEAT's Operating Expenses at $134.6 million in Q1 2026, $547.4 million in Q4 2025, and $159.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,165.61 Bn | 3,736.57 Bn | 73.85 Bn | 79.03 Bn |
| 2 | Meta Platforms | 1,523.46 Bn | 1,433.20 Bn | 49.47 Bn | 42.03 Bn |
| 3 | Taboola.com | 1,141.85 Bn | 1,141.71 Bn | 139.48 Mn | 132.22 Mn |
| 4 | Baidu | 288.34 Bn | 283.85 Bn | 1.88 Mn | 4.19 Bn |
| 5 | Spotify Technology | 103.44 Bn | 93.20 Bn | 1.75 Bn | 512.79 Mn |
| 6 | Joyy | 77.39 Bn | 76.50 Bn | 205.64 Mn | -187.82 Mn |
| 7 | BILI Social International | 60.58 Bn | 60.58 Bn | 405,933.00 | 303,858.00 |
| 8 | Nebius | 50.20 Bn | 40.57 Bn | 295.20 Mn | 527.00 Mn |
| 9 | 30.00 Bn | 27.22 Bn | 734.60 Mn | 573.19 Mn | |
| 10 | Vivid Seats | 82.65 Mn | -54.93 Mn | 91.22 Mn | 136.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 136.30 Mn |
| Mar 31, 2026 | 134.57 Mn |
| Dec 31, 2025 | 547.44 Mn |
| Sep 30, 2025 | 159.22 Mn |
| Jun 30, 2025 | 475.29 Mn |
| Mar 31, 2025 | 168.34 Mn |
| Dec 31, 2024 | 196.91 Mn |
| Sep 30, 2024 | 175.84 Mn |
| Jun 30, 2024 | 190.43 Mn |
| Mar 31, 2024 | 170.18 Mn |
| Dec 31, 2023 | -145.81 Mn |
| Sep 30, 2023 | 37.23 Mn |
| Jun 30, 2023 | 103.50 Mn |
| Mar 31, 2023 | 32.39 Mn |
| Dec 31, 2022 | 76.81 Mn |
| Sep 30, 2022 | 96.56 Mn |
| Jun 30, 2022 | 95.62 Mn |
| Mar 31, 2022 | 83.50 Mn |
| Dec 31, 2021 | 4.68 Mn |
| Sep 30, 2021 | 92.88 Mn |