What is Stubhub Holdings's earnings per share (EPS)?

Stubhub Holdings (STUB) reported diluted earnings per share of $-6.27 for fiscal year 2025. This represents a -3383.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Stubhub Holdings Financials

STUB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Stubhub Holdings (STUB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 35/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Stubhub Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Stubhub Holdings has an operating margin of -77.0%, meaning the company retains $-77 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 7.8% the prior year.

Growth

Stubhub Holdings's revenue declined 1.4% year-over-year, from $1.8B to $1.7B. This contraction results in a growth score of 55/100.

Leverage

Stubhub Holdings carries a low D/E ratio of 1.27, meaning only $1.27 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 76/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Stubhub Holdings's current ratio of 1.04 is below the typical benchmark, resulting in a score of 16/100. However, the company holds substantial cash reserves (99% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Cash Flow

Stubhub Holdings has a free cash flow margin of 10.9%, earning a moderate score of 61/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Stubhub Holdings generates a -161.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -0.3% the prior year.

Piotroski F-Score Neutral

5/9

Stubhub Holdings passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.10x

For every $1 of reported earnings, Stubhub Holdings generates $-0.10 in operating cash flow ($192.6M OCF vs -$1.9B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-9.6x

Stubhub Holdings earns $-9.6 in operating income for every $1 of interest expense (-$1.3B vs $140.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.7B

YoY-1.4%

Stubhub Holdings generated $1.7B in revenue in fiscal year 2025. This represents a decrease of 1.4% from the prior year.

EBITDA

-$1.3B

YoY-910.9%

Stubhub Holdings's EBITDA was -$1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 910.9% from the prior year.

Net Income

-$1.9B

YoY-67969.1%

Stubhub Holdings reported -$1.9B in net income in fiscal year 2025. This represents a decrease of 67969.1% from the prior year.

EPS (Diluted)

$-6.27

YoY-3383.3%

Stubhub Holdings earned $-6.27 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 3383.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$191.2M

YoY-26.4%

Stubhub Holdings generated $191.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 26.4% from the prior year.

Cash & Debt

$1.2B

YoY+24.0%

Stubhub Holdings held $1.2B in cash against $1.5B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

82.0%

YoY+0.9pp

Stubhub Holdings's gross margin was 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the prior year.

Operating Margin

-77.0%

YoY-84.8pp

Stubhub Holdings's operating margin was -77.0% in fiscal year 2025, reflecting core business profitability. This is down 84.8 percentage points from the prior year.

Net Margin

-109.2%

YoY-109.0pp

Stubhub Holdings's net profit margin was -109.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 109.0 percentage points from the prior year.

Return on Equity

-161.0%

YoY-160.7pp

Stubhub Holdings's ROE was -161.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 160.7 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.0M

Stubhub Holdings spent $1.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$1.4M

YoY-16.4%

Stubhub Holdings invested $1.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 16.4% from the prior year.

STUB Income Statement

Metric	FY25	FY24	FY23
Revenue	$1.7B-1.4%	$1.8B+29.5%	$1.4B
Cost of Revenue	$314.0M-6.0%	$334.1M+44.1%	$231.9M
Gross Profit	$1.4B-0.4%	$1.4B+26.5%	$1.1B
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$1.7B+343.6%	$386.5M+40.3%	$275.5M
Operating Income	-$1.3B-1073.5%	$138.1M-45.5%	$253.2M
Interest Expense	$140.0M-22.1%	$179.8M+15.3%	$155.9M
Income Tax	$360.6M+800.2%	$40.1M+112.5%	-$319.6M
Net Income	-$1.9B-67969.1%	-$2.8M-100.7%	$405.2M
EPS (Diluted)	$-6.27-3383.3%	$-0.18-115.8%	$1.14

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	N/A	$468.1M	N/A	N/A	N/A	$433.8M	N/A	N/A
Cost of Revenue	N/A	$100.5M	N/A	N/A	N/A	$79.6M	N/A	N/A
Gross Profit	N/A	$367.6M	N/A	N/A	N/A	$354.2M	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	$1.4B	N/A	N/A	N/A	$99.4M	N/A	N/A
Operating Income	N/A	-$1.4B	N/A	N/A	N/A	$12.1M	N/A	N/A
Interest Expense	N/A	$35.4M	N/A	N/A	N/A	$47.5M	N/A	N/A
Income Tax	N/A	-$106.2M	N/A	N/A	N/A	-$16.8M	N/A	N/A
Net Income	N/A	-$1.3B-2305.0%	-$53.8M-142.7%	-$22.2M	N/A	-$33.0M-316.8%	-$7.9M+50.7%	-$16.1M
EPS (Diluted)	N/A	$-4.27	N/A	N/A	N/A	$-0.15	N/A	N/A

STUB Balance Sheet

Metric	FY25	FY24	FY23
Total Assets	$5.1B-0.8%	$5.1B	N/A
Current Assets	$1.3B+23.2%	$1.1B	N/A
Cash & Equivalents	$1.2B+24.0%	$1.0B+29.0%	$775.7M
Inventory	$9.2M-42.8%	$16.1M	N/A
Accounts Receivable	$6.9M+26.2%	$5.5M	N/A
Goodwill	$2.7B0.0%	$2.7B	N/A
Total Liabilities	$3.1B-16.2%	$3.7B	N/A
Current Liabilities	$1.3B+12.9%	$1.1B	N/A
Long-Term Debt	$1.5B-34.8%	$2.3B	N/A
Total Equity	$1.2B+34.4%	$880.6M-1.1%	$890.2M
Retained Earnings	-$3.4B-126.7%	-$1.5B	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$5.1B-9.8%	$5.6B	N/A	N/A	$5.1B	N/A	N/A	N/A
Current Assets	$1.3B-10.0%	$1.4B	N/A	N/A	$1.1B	N/A	N/A	N/A
Cash & Equivalents	$1.2B-10.8%	$1.4B	N/A	N/A	$1.0B-12.4%	$1.1B	N/A	N/A
Inventory	$9.2M+360.5%	$2.0M	N/A	N/A	$16.1M	N/A	N/A	N/A
Accounts Receivable	$6.9M+11.3%	$6.2M	N/A	N/A	$5.5M	N/A	N/A	N/A
Goodwill	$2.7B0.0%	$2.7B	N/A	N/A	$2.7B	N/A	N/A	N/A
Total Liabilities	$3.1B-1.2%	$3.1B	N/A	N/A	$3.7B	N/A	N/A	N/A
Current Liabilities	$1.3B-1.2%	$1.3B	N/A	N/A	$1.1B	N/A	N/A	N/A
Long-Term Debt	$1.5B-8.8%	$1.7B	N/A	N/A	$2.3B	N/A	N/A	N/A
Total Equity	$1.2B-30.1%	$1.7B+111.6%	$800.1M-7.3%	$863.2M-2.0%	$880.6M+7.9%	$815.9M-8.3%	$889.4M-1.3%	$901.3M
Retained Earnings	-$3.4B-18.6%	-$2.9B	N/A	N/A	-$1.5B	N/A	N/A	N/A

STUB Cash Flow Statement

Metric	FY25	FY24	FY23
Operating Cash Flow	$192.6M-26.4%	$261.5M-14.9%	$307.4M
Capital Expenditures	$1.4M-16.4%	$1.7M-3.3%	$1.7M
Free Cash Flow	$191.2M-26.4%	$259.8M-15.0%	$305.7M
Investing Cash Flow	-$34.4M-439.1%	-$6.4M-17.3%	-$5.4M
Financing Cash Flow	$71.8M+253.7%	-$46.7M-149.6%	$94.1M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$1.0M	$0-100.0%	$1.1M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$11.1M	N/A	N/A	N/A	-$149.4M	N/A	N/A	N/A
Capital Expenditures	$223K	N/A	N/A	N/A	$340K	N/A	N/A	N/A
Free Cash Flow	$10.9M	N/A	N/A	N/A	-$149.8M	N/A	N/A	N/A
Investing Cash Flow	-$9.2M	N/A	N/A	N/A	-$1.2M	N/A	N/A	N/A
Financing Cash Flow	-$152.8M	N/A	N/A	N/A	-$8.2M	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$5K	N/A	N/A	N/A	$0	N/A	N/A	N/A

STUB Financial Ratios

Metric	FY25	FY24	FY23
Gross Margin	82.0%+0.9pp	81.1%-1.9pp	83.0%
Operating Margin	-77.0%-84.8pp	7.8%-10.7pp	18.5%
Net Margin	-109.2%-109.0pp	-0.2%-29.8pp	29.6%
Return on Equity	-161.0%-160.7pp	-0.3%-45.8pp	45.5%
Return on Assets	-37.7%-37.7pp	-0.1%	N/A
Current Ratio	1.04+0.1	0.95	N/A
Debt-to-Equity	1.27-1.4	2.63	N/A
FCF Margin	10.9%-3.7pp	14.7%-7.7pp	22.4%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	78.5%	N/A	N/A	N/A	81.7%	N/A	N/A
Operating Margin	N/A	-292.3%	N/A	N/A	N/A	2.8%	N/A	N/A
Net Margin	N/A	-276.6%	N/A	N/A	N/A	-7.6%	N/A	N/A
Return on Equity	N/A	-76.5%-69.7pp	-6.7%-4.2pp	-2.6%	N/A	-4.0%-3.2pp	-0.9%+0.9pp	-1.8%
Return on Assets	N/A	-23.1%	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	1.04-0.1	1.14	N/A	N/A	0.95	N/A	N/A	N/A
Debt-to-Equity	1.27+0.3	0.98	N/A	N/A	2.63	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Stubhub Holdings's annual revenue?

Stubhub Holdings (STUB) reported $1.7B in total revenue for fiscal year 2025. This represents a -1.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Stubhub Holdings's revenue growing?

Stubhub Holdings (STUB) revenue declined by 1.4% year-over-year, from $1.8B to $1.7B in fiscal year 2025.

Is Stubhub Holdings profitable?

No, Stubhub Holdings (STUB) reported a net income of -$1.9B in fiscal year 2025, with a net profit margin of -109.2%.

What is Stubhub Holdings's EBITDA?

Stubhub Holdings (STUB) had EBITDA of -$1.3B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Stubhub Holdings have?

As of fiscal year 2025, Stubhub Holdings (STUB) had $1.2B in cash and equivalents against $1.5B in long-term debt.

What is Stubhub Holdings's gross margin?

Stubhub Holdings (STUB) had a gross margin of 82.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Stubhub Holdings's operating margin?

Stubhub Holdings (STUB) had an operating margin of -77.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Stubhub Holdings's net profit margin?

Stubhub Holdings (STUB) had a net profit margin of -109.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Stubhub Holdings's return on equity (ROE)?

Stubhub Holdings (STUB) has a return on equity of -161.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Stubhub Holdings's free cash flow?

Stubhub Holdings (STUB) generated $191.2M in free cash flow during fiscal year 2025. This represents a -26.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Stubhub Holdings's operating cash flow?

Stubhub Holdings (STUB) generated $192.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Stubhub Holdings's total assets?

Stubhub Holdings (STUB) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Stubhub Holdings's capital expenditures?

Stubhub Holdings (STUB) invested $1.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Stubhub Holdings buy back shares?

Yes, Stubhub Holdings (STUB) spent $1.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Stubhub Holdings's current ratio?

Stubhub Holdings (STUB) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is Stubhub Holdings's debt-to-equity ratio?

Stubhub Holdings (STUB) had a debt-to-equity ratio of 1.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Stubhub Holdings's return on assets (ROA)?

Stubhub Holdings (STUB) had a return on assets of -37.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Stubhub Holdings's Piotroski F-Score?

Stubhub Holdings (STUB) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Stubhub Holdings's earnings high quality?

Stubhub Holdings (STUB) has an earnings quality ratio of -0.10x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Stubhub Holdings cover its interest payments?

Stubhub Holdings (STUB) has an interest coverage ratio of -9.6x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Stubhub Holdings?

Stubhub Holdings (STUB) scores 35 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.