Vivid Seats Inc.
SEAT Communication Services Internet Content & Information
In the quarter to June 2026, revenue fell 9.55%, EPS grew 93.9%, free cash flow grew 95.6% and total debt was flat, each against the same quarter a year earlier.
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Vivid Seats Inc. (SEAT) Piotroski F-score
Vivid Seats Inc.'s Piotroski F-score for fiscal 2025 is 2 out of 9: 2 of nine tests of profitability, leverage and efficiency passed, down from 4 in fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 2 | (2.00) |
| FY2024 | 4 | (2.00) |
| FY2023 | 6 | 1.00 |
| FY2022 | 5 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (37.77%) | 0.59% | Fail | 0 |
| Positive operating cash flow | (91.60m) | 53.92m | Fail | 0 |
| Rising return on assets | (37.77%) | 0.59% | Fail | 0 |
| Cash flow above net income | 337.70m | 44.50m | Pass | 1 |
| Falling long-term leverage | 0.34 | 0.24 | Fail | 0 |
| Rising current ratio | 0.59 | 0.81 | Fail | 0 |
| No new shares issued | 7,252,300 | 6,616,500 | Fail | 0 |
| Rising gross margin | 69.61% | 73.97% | Fail | 0 |
| Rising asset turnover | 0.50 | 0.49 | Pass | 1 |
| Piotroski F-score | Weak — most fundamentals deteriorated | 2 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| SOGP Sound Group Inc. - Sponsored ADR compare | 9 |
| IZEA IZEA WORLDWIDE, INC. compare | 8 |
| SJ Scienjoy Holding Corporation compare | 6 |
| BODI The Beachbody Company, Inc. compare | 5 |
| GETY Getty Images Holdings, Inc. compare | 4 |
| MNY MoneyHero Limited compare | 3 |
| TEAD Teads Holding Co. compare | 3 |
| LVO LiveOne, Inc. compare | 2 |
| SEAT Vivid Seats Inc. | 2 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover