Vivid Seats Inc.

Vivid Seats Inc. reported a net loss of $721.5 million for FY 2025, a significant decline from net income of $14.3 million in FY 2024. This loss was primarily driven by non-cash impairment charges of $723.0 million related to goodwill and indefinite-lived trademarks. The company's net cash used in operating activities was $91.6 million, compared to net cash provided of $53.9 million in the prior year. Despite the net loss, net income attributable to Class A common stockholders was $806.1 million, heavily influenced by a $429.3 million benefit from redeemable noncontrolling interests. Total assets decreased to $636.9 million from $1.64 billion, largely due to the impairment charges. The company ended the year with $102.7 million in cash and cash equivalents and total debt of $387.4 million.

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