NYSE : STUB
StubHub Holdings, Inc. — Financial statements
Communication Services · Internet Content & Information · United States
Last price 5.78 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 2.21B
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Financial statements
StubHub Holdings, Inc. (STUB) reported revenue of 1.94B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.94B | 1.75B | 1.77B | 1.37B | 1.04B | 672.79M |
| Cost of Revenue | 346.80M | 313.98M | 334.10M | 231.87M | 185.62M | 89.02M |
| Gross Profit | 1.59B | 1.43B | 1.44B | 1.14B | 851.10M | 583.77M |
| Selling, General & Admin | 2.87B | 2.71B | 1.20B | 853.69M | 961.90M | 709.71M |
| Operating Expenses | 2.90B | 2.74B | 1.23B | 876.45M | 1.05B | 920.30M |
| Operating Income | -1.31B | -1.31B | 210.78M | 259.40M | -195.84M | -336.53M |
| Interest Expense | -86.21M | -140.17M | -176.68M | -163.64M | -70.34M | -128.29M |
| Interest & Investment Income | 46.51M | 42.41M | 41.12M | 22.51M | 2.81M | 165.00K |
| Currency Exchange Gain (Loss) | 19.96M | -89.66M | 41.07M | -24.73M | 23.90M | 41.24M |
| Other Non Operating Income (Expenses) | 4.90M | 4.55M | 1.91M | -1.78M | 872.00K | -87.00K |
| EBT Excluding Unusual Items | -1.33B | -1.49B | 118.20M | 91.76M | -238.60M | -423.50M |
| Merger & Restructuring Charges | -250.00K | -250.00K | -2.57M | -6.17M | -21.58M | -34.91M |
| Gain (Loss) on Sale of Assets | -130.83M | |||||
| Asset Writedown | -12.50M | |||||
| Legal Settlements | -37.08M | -37.08M | -44.48M | 11.70M | ||
| Other Unusual Items | -20.37M | -18.49M | -33.89M | -8.53M | ||
| Pretax Income | -1.39B | -1.55B | 37.26M | 85.60M | -248.47M | -610.27M |
| Income Tax Expense | 381.48M | 360.59M | 40.06M | -319.61M | 12.51M | 19.68M |
| Net Income | -1.77B | -1.91B | -2.80M | 405.20M | -260.99M | -629.95M |
| Preferred Dividends & Other Adjustments | 80.81M | 86.46M | 52.31M | 53.70M | 57.22M | 82.71M |
| Net Income to Common | -1.85B | -1.99B | -55.12M | 351.50M | -318.21M | -712.66M |
| Shares Outstanding (Basic) | 350.81M | 318.57M | 304.36M | 302.07M | 300.18M | 295.61M |
| Shares Outstanding (Diluted) | 350.81M | 319.23M | 304.36M | 332.57M | 300.18M | 295.61M |
| EPS (Basic) | -5.27 | -6.25 | -0.18 | 1.16 | -1.06 | -2.41 |
| EPS (Diluted) | -5.32 | -6.27 | -0.18 | 1.14 | -1.06 | -2.41 |
| Free Cash Flow | 634.02M | 191.18M | 259.82M | 305.67M | -49.17M | -139.64M |
| Free Cash Flow Per Share | 1.81 | 0.60 | 0.85 | 0.92 | -0.16 | -0.47 |
| Gross Margin | 82.09% | 82.01% | 81.13% | 83.05% | 82.10% | 86.77% |
| Operating Margin | -67.82% | -74.87% | 11.90% | 18.97% | -18.89% | -50.02% |
| Profit Margin | -95.44% | -114.17% | -3.11% | 25.70% | -30.69% | -105.93% |
| Free Cash Flow Margin | 32.74% | 10.95% | 14.67% | 22.35% | -4.74% | -20.76% |
| EBITDA | -1.28B | -1.28B | 235.32M | 282.15M | -110.80M | -125.94M |
| EBITDA Margin | -66.24% | -73.40% | 13.29% | 20.63% | -10.69% | -18.72% |
| D&A For EBITDA | 30.56M | 25.60M | 24.53M | 22.75M | 85.05M | 210.59M |
| EBIT | -1.31B | -1.31B | 210.78M | 259.40M | -195.84M | -336.53M |
| EBIT Margin | -67.82% | -74.87% | 11.90% | 18.97% | -18.89% | -50.02% |
| Effective Tax Rate | 107.52% | |||||
| Advertising Expenses | 892.30M | 787.20M | 470.10M | 474.80M | 146.70M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.69B | 1.24B | 1.00B | 775.71M | 372.36M | 554.06M |
| Cash & Short-Term Investments | 1.72B | 1.24B | 1.00B | 775.71M | 372.36M | 554.06M |
| Accounts Receivable | 13.95M | 6.91M | 5.47M | 12.70M | 4.94M | 7.52M |
| Other Receivables | 13.76M | 3.60M | 5.57M | 4.06M | 5.61M | 23.57M |
| Receivables | 27.70M | 10.51M | 11.04M | 16.76M | 10.56M | 33.44M |
| Inventory | 4.97M | 9.23M | 16.14M | |||
| Prepaid Expenses | 17.80M | 17.37M | 7.08M | 5.66M | 7.70M | 4.99M |
| Restricted Cash | 312.00K | 29.63M | 32.36M | 24.72M | ||
| Other Current Assets | 19.48M | 16.95M | 15.81M | 20.43M | 16.34M | 24.31M |
| Total Current Assets | 1.78B | 1.30B | 1.05B | 848.18M | 439.31M | 641.52M |
| Property, Plant & Equipment | 138.38M | 94.33M | 29.04M | 17.27M | 8.64M | 7.35M |
| Long-Term Investments | 34.36M | 108.35M | 149.37M | 218.63M | 6.02M | |
| Goodwill | 2.69B | 2.69B | 2.69B | 2.69B | 2.69B | 2.66B |
| Other Intangible Assets | 891.78M | 903.04M | 924.65M | 944.85M | 964.26M | 1.04B |
| Long-Term Deferred Tax Assets | 2.21M | 2.08M | 248.48M | 300.85M | ||
| Other Long-Term Assets | 54.51M | 37.89M | 45.01M | 28.01M | 25.57M | 54.40M |
| Total Assets | 5.56B | 5.05B | 5.09B | 4.98B | 4.34B | 4.41B |
| Accounts Payable | 52.73M | 71.09M | 112.63M | 43.84M | 68.38M | 49.93M |
| Accrued Expenses | 216.66M | 184.87M | 163.80M | 112.60M | 123.02M | 101.91M |
| Current Portion of Long-Term Debt | 17.89M | 19.53M | 20.28M | 20.28M | 20.28M | |
| Current Portion of Leases | 8.94M | |||||
| Current Income Taxes Payable | 420.00K | 4.28M | 4.74M | 2.05M | 2.08M | 20.55M |
| Current Unearned Revenue | 9.50M | 10.65M | 14.46M | 15.20M | 18.24M | 18.47M |
| Other Current Liabilities | 1.43B | 953.57M | 792.88M | 746.43M | 638.62M | 505.66M |
| Total Current Liabilities | 1.71B | 1.25B | 1.11B | 940.40M | 870.62M | 716.79M |
| Long-Term Debt | 1.40B | 1.51B | 2.39B | 2.43B | 2.38B | 2.45B |
| Long-Term Leases | 17.37M | |||||
| Long-Term Deferred Tax Liabilities | 100.41M | 93.23M | 38.87M | 23.84M | ||
| Other Long-Term Liabilities | 274.91M | 243.60M | 244.69M | 241.74M | 142.82M | 80.15M |
| Total Liabilities | 3.48B | 3.11B | 3.74B | 3.61B | 3.44B | 3.27B |
| Common Stock | 380.00K | 346.00K | 303.00K | 302.00K | 61.00K | 61.00K |
| Additional Paid-In Capital | 4.93B | 4.52B | 2.26B | 2.24B | 2.24B | 2.23B |
| Retained Earnings | -3.35B | -3.41B | -1.50B | -1.50B | -1.91B | -1.61B |
| Comprehensive Income & Other | 39.14M | 71.35M | 129.43M | 155.90M | 197.78M | 42.71M |
| Total Common Equity | 1.62B | 1.18B | 880.56M | 890.22M | 526.47M | 662.65M |
| Shareholders' Equity | 2.08B | 1.94B | 1.36B | 1.37B | 907.43M | 1.14B |
| Total Liabilities & Equity | 5.56B | 5.05B | 5.09B | 4.98B | 4.34B | 4.41B |
| Total Debt | 1.40B | 1.55B | 2.40B | 2.45B | 2.40B | 2.47B |
| Net Cash (Debt) | 318.76M | -309.58M | -1.40B | -1.67B | -2.03B | -1.92B |
| Net Cash Per Share | 0.91 | -0.97 | -4.61 | -5.03 | -6.77 | -6.50 |
| Filing Date Shares Outstanding | 382.09M | 356.72M | 367.81M | 302.48M | 303.82M | 303.11M |
| Total Common Shares Outstanding | 380.02M | 346.07M | 302.95M | 302.48M | 303.82M | 303.11M |
| Working Capital | 75.87M | 44.36M | -56.69M | -92.22M | -431.31M | -75.27M |
| Book Value Per Share | 4.27 | 3.42 | 2.91 | 2.94 | 1.73 | 2.19 |
| Tangible Book Value | -1.95B | -2.41B | -2.73B | -2.74B | -3.12B | -3.04B |
| Tangible Book Value Per Share | -5.14 | -6.95 | -9.01 | -9.06 | -10.28 | -10.03 |
| Machinery | 4.96M | 4.54M | 3.38M | 2.96M | 33.37M | 38.86M |
| Leasehold Improvements | 745.00K | 791.00K | 565.00K | 1.07M | 4.52M | 4.13M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.77B | -1.91B | -2.80M | 405.20M | -260.99M | -629.95M |
| Depreciation & Amortization | 30.56M | 25.60M | 24.53M | 22.75M | 85.05M | 210.59M |
| Other Amortization | 6.20M | 8.05M | 9.36M | 13.21M | 12.42M | 24.94M |
| Loss (Gain) From Sale of Assets | 130.83M | |||||
| Stock-Based Compensation | 1.54B | 1.45B | 7.74M | 34.90M | 21.37M | 112.98M |
| Other Operating Activities | 356.39M | 470.20M | 46.34M | -285.54M | -74.87M | -23.98M |
| Change in Accounts Receivable | -5.72M | -1.15M | 6.92M | -7.57M | 3.24M | -9.20M |
| Change in Inventory | -2.56M | -6.08M | -19.84M | |||
| Change in Accounts Payable | -43.75M | -44.31M | 73.46M | -25.68M | 19.44M | 1.06M |
| Change in Other Net Operating Assets | 521.21M | 198.53M | 115.78M | 150.12M | 146.82M | 46.64M |
| Operating Cash Flow | 635.20M | 192.57M | 261.49M | 307.39M | -47.52M | -136.09M |
| Capital Expenditures | -1.18M | -1.39M | -1.67M | -1.72M | -1.65M | -3.56M |
| Sale of Property, Plant & Equipment | 1.60M | |||||
| Divestitures | -45.45M | |||||
| Sale (Purchase) of Intangibles | -36.43M | -32.99M | -4.71M | -3.71M | -658.00K | |
| Investing Cash Flow | -37.61M | -34.38M | -6.38M | -5.44M | -710.00K | -49.00M |
| Short-Term Debt Issued | 40.00M | |||||
| Long-Term Debt Issued | 443.46M | 105.68M | ||||
| Total Debt Issued | 443.46M | 40.00M | 105.68M | |||
| Short-Term Debt Repaid | -40.00M | |||||
| Long-Term Debt Repaid | -909.76M | -506.59M | -20.28M | -20.28M | -124.67M | |
| Total Debt Repaid | -1.00B | -909.76M | -506.59M | -60.28M | -20.28M | -124.67M |
| Net Debt Issued (Repaid) | -1.00B | -909.76M | -63.13M | -20.28M | -20.28M | -19.00M |
| Issuance of Common Stock | 758.25M | 758.16M | 1.12M | 504.00K | 3.22M | 100.72M |
| Repurchase of Common Stock | -122.52M | -87.27M | -1.09M | -4.97M | -1.76M | |
| Other Financing Activities | 5.21M | 5.77M | -8.73M | -20.30M | ||
| Financing Cash Flow | -134.64M | 71.79M | -46.71M | 94.13M | -134.15M | 126.13M |
| Foreign Exchange Rate Adjustments | -3.32M | 13.24M | -13.54M | 5.86M | -15.28M | -9.26M |
| Net Cash Flow | 459.63M | 243.22M | 194.86M | 401.95M | -197.66M | -68.21M |
| Free Cash Flow | 634.02M | 191.18M | 259.82M | 305.67M | -49.17M | -139.64M |
| Free Cash Flow Margin | 32.74% | 10.95% | 14.67% | 22.35% | -4.74% | -20.76% |
| Free Cash Flow Per Share | 1.81 | 0.60 | 0.85 | 0.92 | -0.16 | -0.47 |
| Levered Free Cash Flow | 1.09B | 674.94M | 247.05M | 189.54M | 124.50M | 71.56M |
| Unlevered Free Cash Flow | 1.14B | 754.50M | 348.12M | 278.60M | 156.04M | 139.30M |
| Cash Interest Paid | 148.91M | 194.09M | 234.22M | 206.76M | 125.32M | 126.39M |
| Cash Income Tax Paid | 19.33M | 19.33M | 5.33M | 9.05M | 13.59M | 7.32M |
| Change in Working Capital | 469.17M | 146.98M | 176.32M | 116.87M | 169.50M | 38.51M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.31B | 4.68B | ||||
| Enterprise Value | 1.99B | 5.69B | ||||
| Last Close Price | 5.78 | 13.53 | ||||
| Forward PE | 14.27 | 20.49 | ||||
| PS Ratio | 1.14 | 2.68 | ||||
| PB Ratio | 1.35 | 2.41 | ||||
| P/FCF Ratio | 3.48 | 24.45 | ||||
| P/OCF Ratio | 3.48 | 24.28 | ||||
| EV/Sales Ratio | 0.98 | 3.26 | ||||
| EV/FCF Ratio | 2.98 | 29.78 | ||||
| Debt / Equity Ratio | 0.67 | 0.80 | 1.77 | 1.79 | 2.65 | 2.18 |
| Debt / EBITDA Ratio | 10.22 | 8.68 | ||||
| Debt / FCF Ratio | 2.20 | 8.11 | 9.26 | 8.01 | ||
| Net Debt / Equity Ratio | -0.15 | 0.16 | 1.04 | 1.23 | 2.24 | 1.69 |
| Net Debt / EBITDA Ratio | 0.25 | -0.24 | 5.97 | 5.93 | -18.33 | -15.25 |
| Net Debt / FCF Ratio | -0.50 | 1.62 | 5.40 | 5.47 | -41.31 | -13.75 |
| Asset Turnover | 0.35 | 0.34 | 0.35 | 0.29 | 0.24 | 0.15 |
| Inventory Turnover | 48.77 | 24.75 | ||||
| Quick Ratio | 1.02 | 1.00 | 0.91 | 0.84 | 0.44 | 0.82 |
| Current Ratio | 1.04 | 1.03 | 0.95 | 0.90 | 0.51 | 0.90 |
| Return on Equity (ROE) | -102.95% | -115.61% | -0.21% | 35.66% | -25.54% | -48.19% |
| Return on Assets (ROA) | -15.03% | -16.10% | 2.62% | 3.48% | -2.80% | -4.55% |
| Return on Invested Capital (ROIC) | -70.69% | -52.15% | -0.55% | 8.68% | -6.53% | -10.49% |
| Return on Capital Employed (ROCE) | -34.10% | -34.40% | 5.30% | 6.40% | -5.60% | -9.10% |
| Earnings Yield | -87.93% | -40.77% | ||||
| FCF Yield | 28.71% | 4.09% | ||||
| Buyback Yield / Dilution | -15.20% | -4.89% | 8.48% | -10.79% | -1.55% | -6.73% |