SEAT (Vivid Seats) Total Operating Expense: $425.4 Mil (TTM As of Mar. 2026)


SEAT Vivid Seats Inc SEAT
59 GF Score
Price $7.12
GF Value $4.12
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Vivid Seats Total Operating Expense?

Vivid Seats SEAT +7.18% 59 Total Operating Expense is $425.4 Mil as of Mar. 2026. GuruFocus rates SEAT with a GF Score™ of 59/100 and a GF Value™ of $4.12 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Vivid Seats's Total Operating Expense for the three months ended in Mar. 2026 was $95.4 Mil. Vivid Seats's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $425.4 Mil.

Vivid Seats Total Operating Expense Related Terms

Vivid Seats Total Operating Expense Historical Data

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The historical data trend for Vivid Seats's Total Operating Expense 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 Total Operating Expense Chart

Vivid Seats Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 275.85 383.73 450.36 531.51 453.83

Vivid Seats Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense 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 123.82 112.41 114.88 102.72 95.38
SEAT
59GF Score
Vivid Seats Inc SEAT
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Vivid Seats Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $425.4 Mil.

* 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.

What does a Total Operating Expense of $425.4 Mil mean?
Vivid Seats (SEAT) has a Total Operating Expense of $425.4 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Vivid Seats and its competitors.
Is Vivid Seats' Total Operating Expense too high?
Vivid Seats' current Total Operating Expense is $425.4 Mil. Overall, Vivid Seats has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vivid Seats' Total Operating Expense compare to MSEZ and BODI?
Vivid Seats' Total Operating Expense of $425.4 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Interactive Media company?
A good Total Operating Expense depends on the Interactive Media industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Vivid Seats and its competitors. Vivid Seats's current Total Operating Expense is $425.4 Mil. 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 $4.12, compared to a current price of $7.12 — trading 72.8% above its estimated fair value. The current Total Operating Expense is $425.4 Mil. Vivid Seats' overall GF Score™ is 59/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Vivid Seats (SEAT), the current Total Operating Expense is $425.4 Mil as of Mar. 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 $7.12 is trading 72.8% above its estimated GF Value™ of $4.12. GuruFocus considers Vivid Seats to be Significantly Overvalued.

Key valuation signals for SEAT:

  • Total Operating Expense: $425.4 Mil
  • GF Value™: $4.12 vs. price of $7.12 (72.8% above fair value)
  • GF Score™: 59/100 with 6 warning signs

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.
59GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$7.12
Price
$4.12
GF Value