StubHub Holdings, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Less: Net Income (Loss) from Discontinued Operations ($4.7m) ($444k) $16.2m
Net Income ($261.0m) $405.2m ($2.8m) ($1.9b)
Net Income From Continuing Operations ($261.0m) $405.2m ($2.8m) ($1.9b)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $84.9m $53.0m $158.5m $304.7m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest ($55.5m) $111.9m ($183.9m) ($13.7m) $16.9m $335.8m
Cash Reclassed to Discontinued Operations ($3k) $0
Cash, Cash Equivalents and Restricted Cash from discontinued operations, Beginning of Year $5.5m $48.7m $152.6m $0 $0
Cash, Cash Equivalents and Restricted Cash from discontinued operations, End of Year $48.7m $152.6m $0
Depreciation $6.5m $1.6m $2.2m $2.5m
Amortization of intangible assets $21.1m $22.3m $23.1m
Amortization of debt issuance costs $294k $275k $982k $721k $792k $664k $13.2m $9.4m $8.0m
Amortization of unrealized losses on cash flow hedge ($7.4m) ($7.4m) ($31.4m)
Depreciation and amortization $9.6m $2.2m $4.0m $7.0m $8.1m $7.7m $15.6m $17.1m $17.2m
Amortization Cash Flow $78.5m $21.1m $22.3m $23.1m
Amortization Of Intangibles $78.5m $21.1m $22.3m $23.1m
Amortization Of Securities ($7.4m) ($7.4m) ($7.4m) ($31.4m)
Depreciation Amortization Depletion $85.0m $22.8m $24.5m $25.6m
Deferred income taxes $6.9m $38.2m $5.7m $5.1m $11.7m ($31k) ($326.0m) $57.7m $356.8m
Deferred taxes, net $5.5m $1.8m $2.3m $1.2m $358k ($4.6m) ($3.2m) ($1.7m)
Deferred Income Tax Expense $17.4m ($256.5m) ($80.3m) ($44.1m) $68.2m ($6.1m) $112k $113k $4.6m
Deferred Income Tax $12.4m ($326.0m) $57.7m $356.8m
Deferred Tax $12.4m ($326.0m) $57.7m $356.8m
Impairment loss of long-lived asset $0 $7.7m $0
Goodwill impairment expense $0 $0 $7.0m $0 $0
Asset Impairment Charges $163.7m $0 $1.7m
Impairment of goodwill $26.5m $124.9m $63.3m $0 $0 $0 $42.2m $0 $29.8m
Loss on extinguishment of debt $222.9m $31.1m $6.1m $72.9m $93.2m ($542k) $0 $8.2m $18.5m
Operating lease right-of-use assets $2.0m $3.3m $4.8m $4.6m
Operating lease liabilities ($3.3m) ($5.5m) ($4.5m) ($3.4m)
Payments to Acquire Equity Method Investments $0 $0 ($500k) ($165k) ($380k) ($44.9m)
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions $0 $0 ($14.8m)
Non-Cash Interest Expense, Net $287k $14k
Non-Cash Interest Expense $1.3m $344k
Equity method (earnings) loss, net of tax $0 $300k $37.0m $30.9m $43.9m $67.1m $300k $100k ($500k)
Insurance proceeds on property losses $0 $0 $10.0m $7.7m
Net (loss) income $13.6m $1.8m $5.3m $7.1m $10.1m $23.3m $405.2m ($2.8m) ($1.9b)
Stock-based compensation $1.7m ($136k) $2.4m $3.3m $3.5m $2.6m $34.9m $7.7m $1.4b
Losses on derivatives $22.6m $14.2m $12.0m
Unrealized foreign exchange losses (gains) $21.8m ($40.5m) $91.4m
Fair value change for preferred stocks and preferred stock bifurcated derivatives $5.6m $9.2m $11.4m
Other $6.7m $9.2m $8.7m ($3.5m) ($8.8m) $0 ($2.2m) $4.9m $11.5m
Accounts receivable ($7.6m) $1.6m $617k ($5.4m) ($906k) ($7.0m) ($7.6m) $6.9m ($1.2m)
Inventory ($1.9m) ($4.0m) ($684k) ($2.8m) ($30.5m) ($27.8m) $0 ($19.8m) ($6.1m)
Prepaid expenses and other current assets $3.7m $7.2m $20.7m ($27.1m) ($68.4m) $282k ($1.3m) $4.1m ($9.9m)
Other non-current assets ($510k) $274k ($444k) $510k $703k ($3.0m) ($14.7m) ($30.0m) ($2.0m)
Accounts payable ($25.7m) $73.5m ($44.3m)
Payments due to buyers and sellers $5.9m $3.6m $6.7m $0 $22.3m ($22.3m) $131.3m $30.2m $106.5m
Accrued expenses and other current liabilities ($13.9m) $91.4m $37.7m
Other non-current liabilities $1.1m $64k ($805k) $839k $486k $131k $51.0m $19.7m $65.1m
Capitalized software development costs ($2.0m) ($2.6m) ($31.5m)
Purchases of property and equipment ($1.8m) ($1.7m) ($1.7m) ($1.4m)
Purchases of intangible assets ($1.7m) ($2.1m) ($1.5m)
Proceeds from issuance of redeemable preferred stock $115.0m $24.0m $304.9m
Proceeds from partial interest rate swap termination $0 $0 $17.8m
Proceeds from revolving credit facility $40.0m $0 $0
Repayment of revolving credit facility ($40.0m) $0 $0
Payment of tax withholding obligations on vested equity awards ($281k) $0 $0 ($86.3m)
Payments of deferred offering costs $0 $0 ($7.1m) $0 ($6.0m) ($12.0m)
Interest $800k $1.5m $2.8m $2.9m $1.5m $206.8m $234.2m $194.1m
Income tax $2.4m $2.8m $1.4m $323k $5.1m $4.0m $9.0m $5.3m $19.3m
Liability-classified awards settled with Class A common stock $25k $0 $1.5m $841k $0 $0
Stock-based compensation capitalized in development of capitalized software $0 $0 $35.4m
Deferred offering costs accrued, unpaid $2.1m $3.9m $2.4m
Other assets ($6.8m) ($162k) ($57k) ($1.6m) ($766k) $1.4m $1.8m $3.3m ($3.2m)
Accounts payable and accrued liabilities ($109.0m) $54k $5.3m $7.2m $4.1m ($5.9m) ($75k) ($4.4m) ($6.0m)
Accrued payroll $1.3m $178k $489k ($1.5m) $319k ($3.5m) ($946k) ($697k)
Purchase of equipment and improvements $4.6m ($654k) ($405k) ($152k) ($103k) ($872k) ($625k) ($836k) ($241k)
Proceeds from revolving line of credit $0 $205.3m $361.7m $253.2m
Repayment of revolving line of credit $0 ($195.7m) ($359.2m) ($257.2m)
Common stock surrendered for the exercise of stock options $0 $256k $238k $2.8m $0
Lease liability recognized to acquire a right-of-use asset $839k $4.2m
Deferred revenue ($22.3m) $0
Stock-based compensation expense $1.4m $790k $910k $1.7m $2.6m
Payment of tax obligations resulting from net exercise of stock options $0 ($281k)
Cancellation of common stock $211k $68k $0
Gain from lease modification $0 ($121k) $0
Proceeds from stock option exercise $218k $46k $39k $55k $366k $53k $22k $19k $0
Derivative warrant liability reclassified as equity ($306k) $0
Bad debt expense $296k $421k $552k $1.9m $1.2m $3.1m ($120k) $1.5m $3.4m
Loss (gain) on sale of assets $69k $15k $52k $0 $47k $69k $14.1m $1.7m $155k
Costs and estimated earnings in excess of billings $2.6m ($17.8m) $1.6m $435k ($13.5m) ($8.7m) $3.5m ($4.0m) ($8.7m)
Accounts payable and accrued expenses ($2.8m) $6.6m $22.5m $20.1m $30.6m $67.1m ($10.0m) $57.9m $86.5m
Proceeds from sale of assets $270k $108k $502k $104k $295k $219k $20.6m $3.7m $833k
Borrowings of debt $5.4m $168k $89.3m $592.8m $1.3b $1.9b $2.4b $2.9b $996.4m
Finance lease payment $0 $0 ($215k) ($648k) ($1.8m) ($3.3m) ($4.3m) ($4.4m)
Operating income (loss) $85.6m $56.0m $159.8m $300.9m $383.5m
Contingent consideration $211k $277k $277k $714k $1.1m
Earnings (loss) per share, basic $3.19 $1.45 $4.58 $10.02 $15.22
Earnings (loss) per share, diluted $3.15 $1.44 $4.54 $9.89 $15.02
Weighted Average Number of Shares Outstanding, Basic 20.8m 20.7m 20.2m 20.2m 19.9m
Weighted Average Number of Shares Outstanding, Diluted 21.1m 20.9m 20.4m 20.4m 20.2m
Gross profit $288.0m $318.9m $444.5m $696.6m $859.5m
Cost of services $1.2b $1.8b $1.9b $2.2b $2.5b
Revenues $1.5b $2.2b $2.4b $2.9b $3.4b
Provision for income taxes $16.2m $12.8m $38.8m $72.2m $96.8m
Selling, general and administrative expenses $202.3m $262.7m $298.6m $396.7m $475.0m
Fair Value of Assets Acquired $0 $0 $4.7m $0 $789k
Noncash or Part Noncash Acquisition, Other Liabilities Assumed $2.8m $0
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI $0 $0 $33.2m $62.1m
Unrealized Gain (Loss) on Investments $0 $0 ($1.8m) ($7.5m)
Payment for Contingent Consideration Liability, Financing Activities ($448k) $0 ($240k) $0 $0 $0 $0 $4.1m $1.5m
Other (income) expense, net ($286k) $37k ($1.8m) ($5.1m)
(Gain) Loss on Disposal of Assets ($13.4m) $1.6m ($19.4m)
Discount on Issuance of Warrants $0 $54k
Proceeds from Notes Receivable $375k $634k $222k
Cash from Acquisitions $0 $959k
Cash Included in Assets Disposed $0 ($438k)
Proceeds from Issuance of Notes Payable $0 $800k
Proceeds from Issuance of Preferred Stock $4.4m $2.0m $0
Accretion of Mezzanine Equity $0 $741k
Accrued Interest Converted into Principal $0 $1.9m $0
Conversion of Accounts Payable to Note Payable $0 $337k
Non-Cash Consideration for Acquisition of Coastal Pines Group, Including Liabilities Assumed $0 $24.1m
Conversion of Related Party Liabilities to Common Stock $0 $6.2m
Net Assets Transferred to Assets Held for Sale $0 ($106k) $0
Net Loss $48.3m $468.4m $126.0m $29.0m $206.7m ($188.7m) ($14.1m)
Debt Principal and Accrued Interest Converted into Common Stock $75k $0
Unrealized (gain) loss on interest rate swaps, foreign exchange contracts and warrant liabilities, net ($93.6m) ($96.7m) $293.1m $124.5m ($170.5m) ($296.2m) ($44.3m) $29.2m ($5.2m)
Gain on investment in BellRing $0 $0 ($437.1m) ($5.1m) $0
Non-cash gain on write-off of deferred underwriting commissions $0 $0 $10.7m $0 $0
Decrease (increase) in other assets ($8.7m) ($24.0m) $200k $2.4m $5.9m $28.8m ($17.0m) ($1.6m) $28.4m
Return of subsidiary investments held in trust account $0 $0 $345.0m $0 $0
Proceeds from sale of property $10.6m $200k $2.1m $2.5m $19.4m $18.0m $1.3m $600k $12.2m
Proceeds from sale of business $0 $0 $266.8m $0 $0 $50.5m $4.6m $600k
Sale of equity securities $0 $0 $34.2m $0 $0
Investments in partnerships $0 $0 ($22.1m) ($9.0m) ($1.7m)
Other, net $0 ($1.0m) ($11.7m) $10.0m $2.7m ($8.6m) $2.6m ($500k) ($1.0m)
Premium from issuance of debt $0 $0 $22.0m $0 $17.5m $0 $0
Payments of debt premiums ($219.8m) ($33.7m) $0 ($49.8m) ($74.3m) ($24.1m) $0 ($8.6m) ($4.4m)
Purchases of treasury stock ($397.1m) ($443.0m) ($387.1m) ($300.7m) ($709.0m)
Redemption of Post Holdings Partnering Corporation Series A common stock $0 $0 ($312.5m) $0 $0
Payments for share repurchase contracts $0 $0 $46.4m $0 $0 $0 $50.0m $0
Proceeds from share repurchase contracts $0 $0 $47.5m $0 $0 $50.9m $0
Distributions to BellRing Brands, Inc., net $32.1m $24.6m ($547.2m) $0 $0
Investment of subsidiary initial public offering proceeds into trust account $0 $0 ($345.0m) $0 $0
Purchases of equity securities $0 $0 ($29.2m) ($5.0m) $0
Cross-currency swap cash settlements $0 $4.8m $31.7m $52.7m $0 $0
Gain on sale of business $0 $0 ($126.6m) $0 $0
Payments to appraisal rights holders $0 $0 ($253.6m) ($3.8m) $0
(Gain) loss on foreign currency ($30.8m) $700k ($300k)
Preferred stock conversion $0 ($100k)
Beginning Cash Position $616.8m $419.1m $821.1m $1.0b
Cash Flow From Continuing Financing Activities ($134.2m) $94.1m ($46.7m) $71.8m
Cash Flow From Continuing Investing Activities ($710k) ($5.4m) ($6.4m) ($34.4m)
Change In Account Payable $19.4m ($25.7m) $73.5m ($44.3m)
Change In Accrued Expense ($20.0m) ($13.9m) $91.4m $37.7m
Change In Inventory $0 $0 ($19.8m) ($6.1m)
Change In Other Current Assets ($1.9m) ($11.5m) ($25.2m) $2.6m
Change In Other Current Liabilities $12.0m $45.6m $15.2m $61.7m
Change In Payable $175.2m $105.6m $103.6m $62.2m
Change In Payables And Accrued Expense $155.1m $91.7m $195.1m $99.8m
Change In Prepaid Assets $1.1m ($1.3m) $4.1m ($9.9m)
Change In Receivables $3.2m ($7.6m) $6.9m ($1.2m)
Change In Working Capital $169.5m $116.9m $176.3m $147.0m
Changes In Account Receivables $3.2m ($7.6m) $6.9m ($1.2m)
Changes In Cash ($182.4m) $396.1m $208.4m $230.0m
End Cash Position $419.1m $821.1m $1.0b $1.3b
Financing Cash Flow ($134.2m) $94.1m ($46.7m) $71.8m
Free Cash Flow ($49.8m) $302.0m $255.1m $158.2m
Gain Loss On Investment Securities ($49.0m) $22.6m $14.2m $12.0m
Gain Loss On Sale Of Business $130.8m $0
Investing Cash Flow ($710k) ($5.4m) ($6.4m) ($34.4m)
Issuance Of Capital Stock $3.2m $115.0m $24.0m $1.1b
Net Business Purchase And Sale ($45.4m) $0
Net Foreign Currency Exchange Gain Loss ($23.3m) $21.8m ($40.5m) $91.4m
Net Intangibles Purchase And Sale $0 ($1.7m) ($2.1m) ($1.5m)
Net PPE Purchase And Sale ($52k) ($1.7m) ($1.7m) ($1.4m)
Net Preferred Stock Issuance ($112.1m) $115.0m $24.0m $304.9m
Operating Gains Losses ($72.3m) $44.5m ($18.1m) $121.9m
Other Non Cash Items ($1.9m) $11.0m $14.2m $19.5m
Preferred Stock Issuance $0 $115.0m $24.0m $304.9m
Preferred Stock Payments ($364.3m) ($112.1m) $0 $0
Proceeds From Stock Option Exercised $37k $504k $1.1m $159k
Provisionand Write Offof Assets ($2.0m) $6.7m $0 $0
Purchase Of Business ($45.4m) $0
Purchase Of Intangibles $0 ($1.7m) ($2.1m) ($1.5m)
Purchase Of PPE ($1.6m) ($1.7m) ($1.7m) ($1.4m)
Repurchase Of Capital Stock ($117.1m) ($1.1m) $0 ($1.0m)
Sale Of PPE $0 $1.6m $0 $0
Unrealized Gain Loss On Investment Securities $5.6m $9.2m $11.4m
Net cash provided by operating activities $22.3m $14.1m $18.0m $19.5m $45.7m $1.2m $307.4m $261.5m $192.6m
Net Cash Used in Operating Activities - Continuing Operations $528.4m $362.1m ($6.4m) ($5.7m) ($2.1m) $192.6m
Net Cash Provided by Operating Activities - Discontinued Operations $97.2m $226.1m ($1.5m) $4.7m $595k $192.6m
Capital Expenditure Reported ($658k) ($2.0m) ($2.6m) ($31.5m)
Business acquisition, net of cash acquired ($20.2m) $0 ($67.1m) ($32.7m) $59k $0 ($180.6m) $0 ($52.4m)
(Gain) Loss on Sale of Investments $0 $61k ($167k)
Proceeds from Sale of Investments $0 $149k $1.3m
Net cash used in investing activities ($24.5m) ($654k) ($67.5m) ($32.8m) ($44k) ($872k) ($5.4m) ($6.4m) ($34.4m)
Net Cash Provided by Investing Activities - Continuing Operations ($216.4m) ($792.0m) ($979k) $472k $2.0m
Net Cash Used in Investing Activities - Discontinued Operations ($2.1m) ($1.6m) $20.7m $0 ($3k)
Proceeds from issuance of debt $3.4b $1.8b $2.4b $0 $443.5m $0
Payment of debt issuance costs ($59.0m) ($65k) ($3.5m) ($898k) ($43k) $0 $0 ($2.8m) $0
Proceeds from debt obligations $41.2m $0 $70.0m $33.0m $30.9m $17.0m $168.0m $0
Refund of debt issuance costs $0 $0 $7.8m $15.3m $0 $0
Proceeds from issuance of long-term debt $4.7b $1.6b $750.0m $4.3b $1.8b
Issuance Of Debt $0 $40.0m $443.5m $0
Long Term Debt Issuance $0 $40.0m $443.5m $0
Net Issuance Payments Of Debt ($20.3m) ($20.3m) ($63.1m) ($909.8m)
Net Long Term Debt Issuance ($20.3m) ($20.3m) ($63.1m) ($909.8m)
Repayment of long-term debt obligations ($20.3m) ($506.6m) ($909.8m)
Repayments of debt obligations ($2.1b) ($12.0m) ($21.7m) ($19.0m) ($54.2m) ($41.8m) ($20.2m) ($27.3m) ($19.0m)
Repayments of debt ($5.4m) ($177k) ($119.5m) ($592.8m) ($1.3b) ($1.9b) ($2.5b) ($2.9b) ($996.4m)
Long Term Debt Payments ($20.3m) ($60.3m) ($506.6m) ($909.8m)
Repayment Of Debt ($20.3m) ($60.3m) ($506.6m) ($909.8m)
Proceeds from issuance of common stock upon initial public offering, net of underwriting discounts and commissions $0 $0 $0 $305.0m $0 $0 $0 $758.0m
Proceeds from issuance of Class A common stock upon exercise of stock options and warrants $504k $1.1m $159k
Proceeds from issuance of common stock upon exercise of options and warrants $366k $837k $1.1m $261k $0
Common Stock Issuance $3.2m $0 $0 $758.0m
Net Common Stock Issuance ($1.8m) ($1.1m) $0 $757.0m
Repurchase and retirement of Class A and Class C common stock ($2.4m) ($2.1m) $0 ($211k) $0 ($18.6m) ($1.1m) $0 ($1.0m)
Common Stock Payments ($5.0m) ($1.1m) $0 ($1.0m)
Payments for Repurchase of Redeemable Noncontrolling Interest $0 ($1.2m) $0 $0 ($32.0m) ($40.0m)
Distribution to noncontrolling interests ($153k) ($349k) ($240k) ($639k) ($311k) ($7.0m) ($11.5m) ($16.2m) ($8.6m)
Distribution to noncontrolling interest $0 ($1.4m) $0 $0
Payments of preferred stock dividends ($13.5m) ($10.8m) ($4.0m) $0
Net Other Financing Charges ($20.3m) ($8.7m) ($80.5m)
Net cash provided by (used in) financing activities ($2.7m) ($12.0m) $44.9m $12.9m ($22.9m) ($24.2m) $94.1m ($46.7m) $71.8m
Net Cash Provided by Financing Activities - Continuing Operations ($219.4m) ($46.6m) ($237.2m) $539k $143k
Net Cash Used in Financing Activities - discontinued operations ($52.6m) ($120.9m) ($149.5m) $0 $0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash $5.9m ($13.5m) $13.2m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $33.3m ($2.0m) ($2.3m) $3.8m $3.7m ($9.0m) $1.8m $3.9m $1.5m
Effect Of Exchange Rate Changes ($15.3m) $5.9m ($13.5m) $13.2m
Net increase in cash, cash equivalents, and restricted cash ($2.0m) ($4.6m) ($433k) $22.7m ($23.8m) $401.9m $194.9m $243.2m
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS ($4.9m) ($2.0m) ($7.3m)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash $378.1m ($535.6m) $60.0m
Cash, cash equivalents, and restricted cash at beginning of period $33.2m $28.3m $6.4m $1.8m $1.4m $24.1m $821.1m $1.0b $1.3b
Cash and cash equivalents $4.9m $6.4m $775.7m $1.0b $1.2b
Restricted cash $15.7m $14.6m $17.5m
Net change in cash and cash equivalents $1.4m ($4.6m)
Change In Cash Supplemental As Reported ($197.7m) $401.9m $194.9m $243.2m
Cash paid for interest $1.5m $1.7m $1.7m $782k $738k $3.1m $2.1m $536k $882k
Financing portion of cash paid for rate-lock interest rate swaps $0 $0 ($43.5m) $0 $0
Cash paid during the year for income taxes $876k $543k $917k $936k $9.3m $5.6m $3.3m $2.1m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.