10-Q quarterly report · filed Nov 6, 2025

Vivid Seats Inc. (SEAT) Q3 2025 10-Q Quarterly Report

Short answer

Vivid Seats Inc. (SEAT) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $105M (down 31.3% year over year) with net income of −$20M.

Q3 2025 key financials · XBRL

Revenue
$105M
−31.3% YoY · −8.4% QoQ
Net income
−$20M
−285.4% YoY · +92.5% QoQ

Source: XBRL data from the Vivid Seats Inc. (SEAT) Q3 2025 10-Q on SEC EDGAR. USD.

Vivid Seats Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • Newly added risk: Failure to realize expected benefits from Corporate Simplification triggered by dependency on laws and future taxable income
  • Most materially updated risk: Issuance of 403,022 new Class A shares dilutes existing stockholders and increases resale eligibility impacting stock price
  • Most impactful regulatory risk: Cancellation of all 3,811,250 Class B shares and exchange for Class A shares alters stock structure affecting compliance requirements
  • Operational risk: Potential adverse effects on Class A common stock market price due to possible sales of newly issued shares to TRA Parties

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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