Revenue growth remains in a contractionary phase, declining -3.9% year-over-year in 2025Q4 while operating margins remain negative at -12.4%.
| Sales/Revenue | 291.84M | 325.07M | 326.13M | 260.93M | 187.13M | 106.01M | 326.8M | 291.61M | 201.6M | 133.5M |
| Revenue Growth % | -10.22% | -0.33% | 24.99% | 39.43% | 76.53% | -67.56% | 12.07% | 44.65% | 51.01% | - |
| Cost of Goods Sold | 94.54M | 98.5M | 103.13M | 90.75M | 70.29M | 62.33M | 129.14M | 120.65M | 81.67M | 55.69M |
| COGS % of Revenue | 32.4% | 30.3% | 31.62% | 34.78% | 37.56% | 58.8% | 39.52% | 41.37% | 40.51% | 41.71% |
| Gross Profit | 197.3M | 226.56M | 223M | 170.18M | 116.84M | 43.68M | 197.66M | 170.96M | 119.93M | 77.81M |
| Gross Margin % | 67.6% | 69.7% | 68.38% | 65.22% | 62.44% | 41.2% | 60.48% | 58.63% | 59.49% | 58.29% |
| Gross Profit Growth % | -12.92% | 1.6% | 31.04% | 45.65% | 167.52% | -77.9% | 15.62% | 42.55% | 54.13% | - |
| Operating Expenses | 223.39M | 257.36M | 264.14M | 216.92M | 184.62M | 241.96M | 267.61M | 209.63M | 153.34M | 112.86M |
| OpEx % of Revenue | 76.55% | 79.17% | 80.99% | 83.14% | 98.66% | 228.25% | 81.89% | 71.89% | 76.06% | 84.54% |
| Selling, General & Admin | 150.82M | 162.07M | 165.84M | 130.58M | 118.31M | 187.41M | 203.41M | 163.56M | 122.73M | 90.14M |
| SG&A % of Revenue | 51.68% | 49.86% | 50.85% | 50.04% | 63.22% | 176.79% | 62.24% | 56.09% | 60.88% | 67.52% |
| Research & Development | 72.58M | 95.28M | 98.29M | 86.35M | 66.3M | 54.55M | 64.2M | 46.07M | 30.61M | 22.72M |
| R&D % of Revenue | 24.87% | 29.31% | 30.14% | 33.09% | 35.43% | 51.46% | 19.64% | 15.8% | 15.18% | 17.02% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -26.09M | -30.79M | -41.13M | -46.74M | -67.78M | -198.28M | -69.95M | -38.67M | -33.41M | -35.05M |
| Operating Margin % | -8.94% | -9.47% | -12.61% | -17.91% | -36.22% | -187.05% | -21.4% | -13.26% | -16.57% | -26.26% |
| Operating Income Growth % | 15.26% | 25.14% | 12% | 31.04% | 65.82% | -183.46% | -80.87% | -15.77% | 4.7% | - |
| EBITDA | -26.09M | -14.49M | -26.39M | -30.69M | -46.24M | -167.12M | -45.63M | 3.02M | -9.68M | -24.68M |
| EBITDA Margin % | -8.94% | -4.46% | -8.09% | -11.76% | -24.71% | -157.65% | -13.96% | 1.04% | -4.8% | -18.48% |
| EBITDA Growth % | -80.02% | 45.08% | 14.01% | 33.63% | 72.33% | -266.27% | -1611.33% | 131.2% | 60.79% | - |
| D&A (Non-Cash Add-back) | 0 | 16.3M | 14.74M | 16.05M | 21.53M | 31.16M | 24.32M | 41.69M | 23.73M | 10.38M |
| EBIT | 0 | -4.62M | -13.3M | -43.99M | -121.39M | -200.21M | -65.97M | -51.63M | -32.1M | -36.75M |
| Net Interest Income | 0 | 16.45M | 16.31M | -4.84M | -16.21M | -24.59M | -2.99M | -11.29M | -6.46M | -3.51M |
| Interest Income | 14.22M | 25.24M | 27.5M | 6.43M | 60K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | -5.51M | 8.79M | 11.19M | 11.27M | 16.27M | 24.59M | 2.99M | 11.29M | 6.46M | 3.51M |
| Other Income/Expense | 17.05M | 17.38M | 16.64M | -8.52M | -69.87M | -26.52M | 999K | -24.25M | -5.15M | -5.21M |
| Pretax Income | -9.04M | -13.41M | -24.49M | -55.26M | -137.65M | -224.8M | -68.95M | -62.93M | -38.56M | -40.26M |
| Pretax Margin % | -3.1% | -4.13% | -7.51% | -21.18% | -73.56% | -212.06% | -21.1% | -21.58% | -19.13% | -30.16% |
| Income Tax | 1.47M | 2.16M | 1.99M | 126K | 1.43M | -80K | -192K | 1.15M | -13K | 131K |
| Effective Tax Rate % | -16.25% | -16.1% | -8.13% | -0.23% | -1.04% | 0.04% | 0.28% | -1.83% | 0.03% | -0.33% |
| Net Income | -10.52M | -15.57M | -26.48M | -55.38M | -139.08M | -224.72M | -68.76M | -64.08M | -38.55M | -40.39M |
| Net Margin % | -3.6% | -4.79% | -8.12% | -21.23% | -74.32% | -211.99% | -21.04% | -21.97% | -19.12% | -30.26% |
| Net Income Growth % | 32.47% | 41.19% | 52.19% | 60.18% | 38.11% | -226.81% | -7.31% | -66.23% | 4.57% | - |
| Net Income (Continuing) | -10.52M | -15.57M | -26.48M | -55.38M | -139.08M | -224.72M | -68.76M | -64.08M | -38.55M | -40.39M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.11 | -0.17 | -0.26 | -0.56 | -1.47 | -2.52 | -0.84 | -1.71 | -1.81 | -1.90 |
| EPS Growth % | 35.29% | 34.62% | 53.57% | 61.9% | 41.67% | -200% | 50.88% | 5.52% | 4.74% | - |
| EPS (Basic) | -0.11 | -0.17 | -0.26 | -0.56 | -1.47 | -2.52 | -0.84 | -1.71 | -1.81 | -1.90 |
| Diluted Shares Outstanding | 96.58M | 93.03M | 100.3M | 98.31M | 94.3M | 89.33M | 81.98M | 37.54M | 21.29M | 21.29M |
| Basic Shares Outstanding | 96.58M | 93.03M | 100.3M | 98.31M | 94.3M | 89.33M | 81.98M | 37.54M | 21.29M | 21.29M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Persistent revenue contraction
As reported in recent financial filings, Eventbrite's quarterly revenue has consistently declined, culminating in a -3.9% year-over-year contraction by 2025Q4, which suggests that the platform is struggling to maintain its paid ticket volume amidst a shifting competitive landscape for event discovery and ticketing services.
The sustained negative growth trajectory indicates that the company's pivot toward higher-margin creator services has not yet offset the loss of core transactional volume. Investors should monitor whether this decline reflects a strategic shedding of low-value event organizers or a broader loss of market share to more specialized competitors.
Based on the provided income statement data, Eventbrite has maintained gross margins within a tight 66.9% to 71.0% range over the last ten quarters, suggesting that the underlying cost of revenue remains structurally linked to variable payment processing fees rather than significant operational efficiencies.
While these margins are relatively robust for a marketplace model, the lack of expansion despite various fee structure adjustments implies limited pricing power. The stability of these margins suggests that the company is effectively passing through processing costs, but it also highlights a lack of operating leverage in the core ticketing business.
According to the income statement, operating margins have remained consistently negative, reaching -12.4% in 2025Q4, which indicates that the company's fixed cost base, particularly in product development and overhead, is not scaling efficiently against the current, shrinking revenue base.
The inability to achieve positive operating income during periods of revenue decline suggests that the company's cost structure is relatively sticky. This lack of operating leverage warrants further investigation into whether management can successfully reduce SG&A intensity without compromising the platform's core discovery and marketplace functionality.
As evidenced by the quarterly data, stock-based compensation remains a significant non-cash expense, with $8.9M recorded in 2025Q4 alone, which frequently obscures the underlying operational performance and complicates the assessment of true GAAP profitability for the company's shareholders.
The recurring presence of stock-based compensation, often exceeding the magnitude of quarterly net income or loss, suggests that reported EPS figures may not fully reflect the cash-based economic reality of the business. Analysts should adjust for these items to better understand the company's true path toward sustainable, non-dilutive profitability.
Quick answers to the most common questions about buying EB stock.
For fiscal year 2025, Eventbrite, Inc. (EB) reported total revenue of $291.8M. This represents a 118.6% increase compared to $133.5M in 2016.
Eventbrite, Inc. (EB) reported a net loss of $10.5M for the fiscal year ending 2025.
Eventbrite, Inc. (EB) reported an operating income of $-26.1M, resulting in an operating profit margin of -8.9%. This margin reflects the operational efficiency of the business before interest and taxes.
Eventbrite, Inc. (EB) generated $197.3M in gross profit for the year, representing a gross profit margin of 67.6%. This demonstrates the company's core pricing power and production efficiency.