StubHub Holdings, Inc.
STUB · Services-Miscellaneous Amusement & Recreation · 307.8M shares · EDGAR filings ↗
Net buyback after stock comp: -$34M (gross $1M, SBC $35M)
Reference price $12.05 · est. market cap ~$3.7B — last insider sale, 2026-06-26 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C58Leading global secondary-ticketing marketplace whose headline loss is an IPO stock-comp artifact masking solid cash generation.
Strengths
- Market-leading StubHub/viagogo flywheel; 82% gross margin and strong FCF (margin 11%, 81.8th pct; $191M)
- $1.2B cash post-IPO and ~20% take rate with durable brand and global distribution
Risks
- GAAP net loss $1.9B (driven by ~$1.4B IPO SBC) with debt/equity 1.27; underlying revenue down 1% and GMS up only 6%
- Heavy regulatory exposure (all-in pricing, anti-scalping) and competitive pressure on growth
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-77.0%
Net margin
-109.2%
Return on equity
-161.0%
Return on assets
-37.7%
ROIC
-39.5%
Revenue growth (QoQ)
-0.7%
Debt / equity
1.3×
Current ratio
1.0×
Free cash flow
$191M
EBITDA
-$1.3B
Tangible book value
-$2.4B
Cash & investments
$1.2B
Stock comp / revenue
83.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-26 | Islam Nayaab | Sell | 25K | $12.05 |
| 2026-06-25 | Baker Eric Howard | Tax withheld | 415K | $11.52 |
| 2026-06-25 | Baker Eric Howard | Option exercise | 739K | $0.55 |
| 2026-06-15 | Islam Nayaab | Sell | 17K | $11.37 |
| 2026-06-11 | Fitzgerald Scott Michael | Sell | 867 | $10.33 |
| 2026-06-02 | Islam Nayaab | Tax withheld | 22K | $9.80 |
| 2026-06-02 | Baker Eric Howard | Tax withheld | 122K | $9.80 |
| 2026-06-02 | Fitzgerald Scott Michael | Tax withheld | 9.5K | $9.80 |
| 2026-05-27 | Fitzgerald Scott Michael | Tax withheld | 56K | $9.69 |
| 2026-05-26 | James Constance P. | Grant | 155K | — |
| 2026-05-26 | Islam Nayaab | Grant | 623K | — |
| 2026-05-26 | Islam Nayaab | Tax withheld | 86K | $9.73 |
| 2026-05-26 | James Constance P. | Tax withheld | 13K | $9.73 |
| 2026-05-26 | Yegorov Artem | Grant | 1.3M | — |
| 2026-05-26 | Yegorov Artem | Grant | 216K | — |
| 2026-05-26 | Yegorov Artem | Tax withheld | 71K | $9.73 |
| 2026-05-26 | Streams Mark | Grant | 342K | — |
| 2026-05-14 | Streams Mark | Sell | 233K | $9.04 |
| 2026-05-11 | Fitzgerald Scott Michael | Sell | 1.6K | $7.57 |
| 2026-05-11 | Fitzgerald Scott Michael | Grant | 92K | — |
| 2026-05-11 | Fitzgerald Scott Michael | Grant | 98K | — |
| 2026-05-05 | Baker Eric Howard | Tax withheld | 18K | $7.60 |
| 2026-05-05 | Fitzgerald Scott Michael | Tax withheld | 1.7K | $7.60 |
| 2026-05-05 | Islam Nayaab | Tax withheld | 22K | $7.60 |
| 2026-04-13 | Fitzgerald Scott Michael | Sell | 1.6K | $6.50 |
| 2026-04-07 | Islam Nayaab | Tax withheld | 22K | $6.45 |
| 2026-04-07 | James Constance P. | Tax withheld | 17K | $6.45 |
| 2026-04-07 | Baker Eric Howard | Tax withheld | 18K | $6.45 |
| 2026-04-07 | Fitzgerald Scott Michael | Tax withheld | 4.9K | $6.45 |
| 2026-04-07 | Yegorov Artem | Tax withheld | 20K | $6.45 |
| 2026-03-26 | Fitzgerald Scott Michael | Grant | 25K | — |
| 2026-03-24 | WestCap Management, LLC | Other | 9.0M | — |
| 2026-03-17 | Levine Jeremy S. | Conversion | 47K | — |
| 2026-03-17 | Levine Jeremy S. | Conversion | 83K | — |
| 2026-03-17 | Islam Nayaab | Conversion | 5.5K | — |
| 2026-03-17 | Bhargava Sameer | Conversion | 17K | — |
| 2026-03-17 | Baker Eric Howard | Conversion | 55K | — |
| 2026-03-17 | Kodialam Rajini Sundar | Conversion | 55K | — |
| 2026-03-17 | Kodialam Rajini Sundar | Conversion | 94K | — |
| 2026-03-17 | Blackburn Jeffrey M | Conversion | 110K | — |
| 2026-03-17 | WestCap Management, LLC | Conversion | 6.3M | $23.50 |
| 2026-03-11 | Fitzgerald Scott Michael | Sell | 28K | $7.66 |
| 2026-03-10 | Islam Nayaab | Tax withheld | 22K | $7.93 |
| 2026-03-10 | Streams Mark | Tax withheld | 2.3K | $7.93 |
| 2026-03-10 | Baker Eric Howard | Tax withheld | 122K | $7.93 |
| 2026-03-10 | Fitzgerald Scott Michael | Tax withheld | 1.9K | $7.93 |
| 2026-02-10 | Fitzgerald Scott Michael | Tax withheld | 1.9K | $10.42 |
| 2026-02-10 | Streams Mark | Tax withheld | 2.3K | $10.42 |
| 2026-02-10 | Islam Nayaab | Tax withheld | 22K | $10.42 |
| 2026-02-10 | Baker Eric Howard | Tax withheld | 18K | $10.42 |
| 2026-01-13 | Streams Mark | Tax withheld | 2.3K | $13.58 |
| 2026-01-13 | Baker Eric Howard | Tax withheld | 18K | $13.58 |
| 2026-01-13 | Fitzgerald Scott Michael | Tax withheld | 279 | $13.58 |
| 2026-01-13 | Islam Nayaab | Tax withheld | 22K | $13.58 |
| 2026-01-13 | James Constance P. | Tax withheld | 13K | $13.58 |
| 2025-12-16 | Streams Mark | Tax withheld | 2.3K | $13.27 |
| 2025-12-16 | Yegorov Artem | Tax withheld | 20K | $13.27 |
| 2025-12-16 | Baker Eric Howard | Tax withheld | 18K | $13.27 |
| 2025-12-16 | Fitzgerald Scott Michael | Tax withheld | 1.2K | $13.27 |
| 2025-12-16 | James Constance P. | Tax withheld | 4.0K | $13.27 |
| 2025-12-16 | Islam Nayaab | Tax withheld | 22K | $13.27 |
| 2025-11-18 | Streams Mark | Tax withheld | 2.3K | $12.06 |
| 2025-11-18 | Baker Eric Howard | Tax withheld | 122K | $12.06 |
| 2025-11-18 | Islam Nayaab | Tax withheld | 22K | $12.06 |
| 2025-11-18 | Fitzgerald Scott Michael | Tax withheld | 1.6K | $12.06 |
| 2025-11-03 | Baker Eric Howard | Other | 4.3M | — |
| 2025-11-03 | Baker Eric Howard | Other | 1.8M | — |
| 2025-10-21 | Streams Mark | Tax withheld | 2.3K | $19.04 |
| 2025-10-21 | Baker Eric Howard | Tax withheld | 18K | $19.04 |
| 2025-10-21 | James Constance P. | Tax withheld | 13K | $19.04 |
| 2025-10-21 | Islam Nayaab | Tax withheld | 22K | $19.04 |
| 2025-10-21 | Fitzgerald Scott Michael | Tax withheld | 731 | $19.04 |
| 2025-09-18 | WC Special Situations Fund, LLC | Other | 800K | — |
| 2025-09-16 | Bhargava Sameer | Grant | 13K | — |
| 2025-09-16 | PATTERSON THOMAS | Grant | 13K | — |
| 2025-09-16 | James Constance P. | Tax withheld | 146K | $23.50 |
| 2025-09-16 | Islam Nayaab | Tax withheld | 2.0M | $23.50 |
| 2025-09-16 | Streams Mark | Tax withheld | 267K | $23.50 |
| 2025-09-16 | Streams Mark | Grant | 43K | — |
| 2025-09-16 | Fitzgerald Scott Michael | Tax withheld | 22K | $23.50 |
| 2025-09-16 | Kodialam Rajini Sundar | Grant | 13K | — |
| 2025-09-16 | Blackburn Jeffrey M | Grant | 13K | — |
| 2025-09-16 | Baker Eric Howard | Tax withheld | 720K | $23.50 |
| 2025-09-16 | Yegorov Artem | Tax withheld | 277K | $23.50 |
| 2025-09-16 | WestCap Management, LLC | Conversion | 1.4M | $21.15 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-22 | 0001193125-26-285715 ↗ |
| 8-K | 2026-06-26 | 2026-06-23 | 0001193125-26-285713 ↗ |
| 10-Q | 2026-05-14 | 2026-03-31 | 0001628280-26-034716 ↗ |
| 8-K | 2026-05-13 | 2026-05-13 | 0001628280-26-034632 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001628280-26-014844 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001628280-26-014651 ↗ |
| 10-Q | 2025-11-14 | 2025-09-30 | 0001628280-25-052164 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001193125-25-280227 ↗ |
| 8-K | 2025-09-18 | 2025-09-18 | 0001193125-25-207371 ↗ |