Vivid Seats (SEATW) Gross Margin (2020 - 2026)

Vivid Seats (SEATW) recorded quarterly Gross Margin of 100.0% in Q1 2026, down 29.14% quarter-over-quarter from 141.13% in Q4 2025, and up 3909.0% on a YoY basis from 2.49% in Q1 2025.

Vivid Seats (SEATW) Gross Margin (2020 - 2026) Analysis & Trends

Vivid Seats' Gross Margin history runs 7 years deep, the most recent figure standing at 100.0% for Q1 2026.

  • In Q1 2026, Gross Margin rose 3909.0% year-over-year to 100.0%; the TTM figure through Mar 2026 stood at 364.73% (up 27510.0% YoY), while the FY2025 annual figure was 73.37%, down 17337.0% from the prior year.
  • Gross Margin was 100.0% for Q1 2026 at Vivid Seats, down from 141.13% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 141.13% in Q4 2025 to a low of 148.54% in Q2 2023.
  • Historically, Gross Margin has averaged 69.39% across 5 years, with a median of 79.78% in 2025.
  • The sharpest annual moves came in 2023 and 2024: Gross Margin tumbled 23598 bps in 2023, then soared 21319 bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 122.7% in 2022, then retreated by 27 bps to 89.17% in 2023, then increased by 24 bps to 110.89% in 2024, then climbed by 27 bps to 141.13% in 2025, then fell by 29 bps to 100.0% in 2026.
  • The last three Gross Margin figures came in at 100.0% (Q1 2026), 141.13% (Q4 2025), and 79.78% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Gross Margin (Qtr)
1 Nebius 2,430,078.11 Bn 2,430,078.11 Bn 295.20 Mn 73.98%
2 Alphabet 4,448.32 Bn 4,232.70 Bn 102.29 Bn 93.08%
3 Meta Platforms 1,465.06 Bn 1,383.88 Bn 46.09 Bn 81.85%
4 Spotify Technology 113.19 Bn 102.95 Bn 1.75 Bn 32.98%
5 Reddit 33.56 Bn 30.79 Bn 511.94 Mn 77.17%
6 Pinterest 12.93 Bn 11.63 Bn 768.96 Mn 76.32%
7 Kanzhun 12.77 Bn 10.67 Bn 255.62 Bn 85.23%
8 Match 8.28 Bn 7.26 Bn 653.28 Mn 75.62%
9 Snap 7.91 Bn 5.08 Bn 1.29 Bn 84.37%
10 Vivid Seats - - 97.53 Mn 100.00%

Historic Data

Download Data
DateValue
Mar 31, 2026 100.00%
Dec 31, 2025 141.13%
Sep 30, 2025 79.78%
Jun 30, 2025 100.00%
Mar 31, 2025 60.91%
Dec 31, 2024 110.89%
Sep 30, 2024 63.65%
Jun 30, 2024 64.65%
Mar 31, 2024 67.56%
Dec 31, 2023 89.17%
Sep 30, 2023 67.31%
Jun 30, 2023 -148.54%
Mar 31, 2023 59.90%
Dec 31, 2022 122.70%
Sep 30, 2022 25.15%
Jun 30, 2022 87.44%
Mar 31, 2022 87.95%
Dec 31, 2021 102.43%
Sep 30, 2021 78.16%
Jun 30, 2021 82.70%