SEAT (Vivid Seats) Debt-to-EBITDA : 20.33 (As of Jun. 2026) — 562% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SEAT Vivid Seats Inc SEAT
49 GF Score
Price $9.54
GF Value $4.09
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Vivid Seats Debt-to-EBITDA?

Vivid Seats SEAT +20.00% 49 Debt-to-EBITDA is 20.33 as of Jun. 2026, which is 562% above its 10-year median of 3.07. GuruFocus rates SEAT with a GF Score™ of 49/100 and a GF Value™ of $4.09 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 304 Interactive Media companies, Vivid Seats ranks worse than 328947.04% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vivid Seats's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $3.9 Mil. Vivid Seats's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $397.1 Mil. Vivid Seats's annualized EBITDA for the quarter that ended in Jun. 2026 was $19.7 Mil. Vivid Seats's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 20.33.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Vivid Seats's Debt-to-EBITDA or its related term are showing as below:

SEAT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.31   Med: 3.07   Max: 11.04
Current: -0.69

During the past 7 years, the highest Debt-to-EBITDA Ratio of Vivid Seats was 11.04. The lowest was -1.31. And the median was 3.07.

SEAT's Debt-to-EBITDA is ranked worse than
100% of 304 companies
in the Interactive Media industry
Industry Median: 0.665 vs SEAT: -0.69

Vivid Seats  (NAS:SEAT) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Vivid Seats Debt-to-EBITDA Related Terms


Vivid Seats Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Vivid Seats's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Vivid Seats Debt-to-EBITDA Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 11.04 3.07 2.78 4.44 -0.70

Vivid Seats Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.60 -11.12 -0.25 41.06 20.33

SEAT vs TEAD, GIBO, BODI: Debt-to-EBITDA Comparison

For the Internet Content & Information subindustry, Vivid Seats's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Vivid Seats Debt-to-EBITDA vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Vivid Seats's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Vivid Seats's Debt-to-EBITDA falls into.


SEAT
49GF Score
Vivid Seats Inc SEAT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vivid Seats Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Vivid Seats's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.93 + 399.883) / -577.458
=-0.70

Vivid Seats's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.93 + 397.096) / 19.728
=20.33

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 20.33 mean?
Vivid Seats (SEAT) has a Debt-to-EBITDA of 20.33 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vivid Seats. This is 562% above median its historical median of 3.07. According to the industry distribution chart, Vivid Seats ranks #999999 out of 304 companies in the Interactive Media industry.
Is Vivid Seats' Debt-to-EBITDA too high?
Vivid Seats' current Debt-to-EBITDA of 20.33 is 562% above median its 10-year median of 3.07. The Interactive Media industry median Debt-to-EBITDA is 0.67. Vivid Seats' value of 20.33 is 2957.1% above this industry median. Based on the distribution chart, Vivid Seats ranks #999999 out of 304 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Vivid Seats has a GF Score™ of 49/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vivid Seats' Debt-to-EBITDA compare to TEAD and GIBO?
According to the Interactive Media industry distribution chart, Vivid Seats ranks #999999 out of 304 companies for Debt-to-EBITDA. This places Vivid Seats in the lower half of its industry. The industry median Debt-to-EBITDA is 0.67. Vivid Seats' value of 20.33 is 2957.1% above this benchmark. While the company's 10-year median is 3.07 vs. the industry median of 0.67, Vivid Seats has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for an Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.67, based on 304 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Vivid Seats's current Debt-to-EBITDA of 20.33 is 2957.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Vivid Seats. For the Interactive Media industry, the median Debt-to-EBITDA is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vivid Seats's current Debt-to-EBITDA is 20.33, which is 562% above median its own 10-year median of 3.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vivid Seats stock overvalued right now?
Based on GuruFocus' analysis, Vivid Seats (SEAT) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.09, compared to a current price of $9.54 — trading 133.3% above its estimated fair value. The current Debt-to-EBITDA is 20.33, which is 562% above median its 10-year median of 3.07 and 2957.1% above the Interactive Media industry median of 0.67. Vivid Seats' overall GF Score™ is 49/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Vivid Seats (SEAT), the current Debt-to-EBITDA is 20.33 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Vivid Seats (SEAT) Overvalued in 2026?

Based on GuruFocus' analysis, Vivid Seats stock appears to be overvalued. The current stock price of $9.54 is trading 133.3% above its estimated GF Value™ of $4.09. GuruFocus considers Vivid Seats to be Significantly Overvalued.

Key valuation signals for SEAT:

  • Debt-to-EBITDA: 20.33 (562% above median its 10-year median of 3.07)
  • GF Value™: $4.09 vs. price of $9.54 (133.3% above fair value)
  • GF Score™: 49/100 with 6 warning signs
  • Industry Position: 2957.1% above the Interactive Media median (#999999 of 304)

No single metric tells the full story. See the SEAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Vivid Seats Business Description

Address 24 E. Washington Street, Suite 900, Chicago, IL, USA, 60602
Vivid Seats Inc is an online ticket marketplace for connecting fans to live events and artists. It is the official ticketing partner of brands in the entertainment industry, providing tickets for sports, concerts, theatres, and comedy events in the United States, Canada, and Japan. It operates in two segments: Marketplace, which generates maximum revenue, and Resale. The Marketplace segment acts as an intermediary between ticket buyers, sellers, and partners, earning revenue from processing ticket sales for live events and facilitating the booking of hotel rooms and packages on websites and mobile applications. The Resale segment acquires tickets to resell on secondary ticket marketplaces, including its own, and offers internal research and development support for Skybox.
49GF Score

Get the complete analysis for SEAT

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.54
Price
$4.09
GF Value