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

Vivid Seats' Cost of Revenue history runs 6 years deep, the most recent figure standing at $133.1 million for Q4 2025.

• In Q4 2025, Cost of Revenue rose 279.06% year-over-year to $133.1 million; the TTM figure through Mar 2026 stood at $160.7 million (up 25.85% YoY), while the FY2025 annual figure was $208.5 million, changed N/A from the prior year.
• Cost of Revenue was $133.1 million for Q4 2025 at Vivid Seats, up from $27.6 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $133.1 million in Q4 2025 to a low of -$101.4 million in Q4 2022.
• Historically, Cost of Revenue has averaged $25.4 million across 5 years, with a median of $27.6 million in 2025.
• The sharpest annual moves came in 2021 and 2022: Cost of Revenue soared 7940.9% in 2021, then slumped 3678.06% in 2022.
• A 5-year view of Cost of Revenue shows it stood at -$2.7 million in 2021, then plunged by 3678.06% to -$101.4 million in 2022, then surged by 57.39% to -$43.2 million in 2023, then slumped by 72.08% to -$74.4 million in 2024, then surged 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.