Vivid Seats Inc. filed its quarterly report on Form 10-Q with the SEC on November 9, 2026, covering the three-month period ended September 30, 2026, and disclosing a decline in total assets, a wider accumulated deficit, and the delisting of its warrants from Nasdaq.

Key Highlights

  • Total assets: According to the filing, total assets stood at $570,672 thousand as of September 30, 2026, down from $636,866 thousand at December 31, 2025.
  • Accumulated deficit widened: The registrant reported an accumulated deficit of $1,405,808 thousand at September 30, 2026, compared with $1,359,472 thousand at December 31, 2025.
  • Cash and cash equivalents: Cash and cash equivalents declined to $44,764 thousand from $102,702 thousand at the prior year-end, according to the filing.
  • Shareholders' deficit: Total shareholders' deficit was $(118,434) thousand at September 30, 2026, versus $(8) thousand at December 31, 2025, the filing disclosed.
  • Shares outstanding: As of October 31, 2026, the registrant reported 11,458,476 shares of Class A common stock outstanding, net of treasury shares.
  • Warrant delisting: The filing states that on October 16, 2026, Nasdaq filed to delist the company's warrants, with delisting becoming effective on October 26, 2026.

Vivid Seats Balance Sheet and Capital Position as of September 30, 2026

Vivid Seats Inc., a Delaware-incorporated online ticket marketplace headquartered in Chicago, Illinois, operates a platform connecting buyers and sellers of tickets to live events including sports, concerts, and theater. The company disclosed its condensed consolidated balance sheet as of September 30, 2026, reflecting material changes in several key line items compared with the December 31, 2025 year-end. Total current assets fell to $129,961 thousand from $178,472 thousand, driven in large part by the reduction in cash and cash equivalents from $102,702 thousand to $44,764 thousand. Intangible assets, net, declined to $115,282 thousand from $141,528 thousand, while goodwill, net, was reported at $283,882 thousand, down from $283,915 thousand.

On the liabilities side, total liabilities decreased to $689,106 thousand from $721,995 thousand at year-end 2025. Long-term debt, net, was $381,046 thousand, with current maturities of long-term debt reported at $3,930 thousand, unchanged from December 31, 2025. Total shareholders' deficit deepened sharply to $(118,434) thousand from $(8) thousand at year-end, primarily reflecting the increase in accumulated deficit. The company's Class A common stock is listed on NASDAQ:SEAT, while the accompanying warrants (SEATW) were delisted from the Nasdaq Global Select Market effective October 26, 2026, following a filing by Nasdaq on October 16, 2026. The deregistration of those warrants under Section 12(b) of the Exchange Act is set to become effective 90 days after that filing, or such shorter period as the SEC may determine, according to the quarterly report.

The filing also noted that the company qualifies as an accelerated filer, a smaller reporting company, and an emerging growth company as defined under SEC rules. Treasury stock was reported at $(93,920) thousand, covering 949,665 shares, unchanged from year-end 2025. The company's forward-looking statements in the report are subject to the cautionary language included in its Risk Factors and Management's Discussion and Analysis sections, as the registrant itself noted.

What Was Disclosed

Vivid Seats Inc. filed its 10-Q for the quarter ended September 30, 2026, disclosing a decrease in total assets to $570,672 thousand, a wider accumulated deficit of $1,405,808 thousand, reduced cash balances, and the completed delisting of its warrants from Nasdaq.