StubHub Holdings Inc. Class A Common Stock (STUB)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I start with the business: StubHub operates ticketing marketplaces under the StubHub and viagogo names. The supplied Lynch category is TURNAROUND — a loss in the latest year after earlier profits — and the figures show why. Fiscal 2025 revenue was $1.7B, but net income was -$1.9B and diluted EPS -$6.27; fiscal 2023 net income had been $405.2M. That is not a stable earnings record. The recent filings are better: fiscal Q1 2026 revenue was $446.0M and net income $48.0M, while fiscal Q2 2026 revenue was $573.1M and net income $14.6M. Trailing free cash flow is $597.6M, or a 28.0% FCF yield against a $2.1B market cap at the $5.64 close on 2026-10-26. At that close, FairStock’s P/B is 1.32 and P/E is -0.95; ROE is -102.95%, ROCE is -15.03%, D/E is 0.67, Altman Z is -0.37, and Piotroski is 5/9. The cash generation is the main attraction; the balance sheet and earnings quality are not yet reassuring. I cannot verify a durable moat from these numbers, and the huge 52-week range of $5.22 to $20.27 shows how much expectations have swung. The supplied revenue growth is 12.18% and profit growth is 316.58%, though the latter is measured off loss-making periods and is less useful. Valuation looks statistically cheap on cash flow and book value, but a negative P/E and weak Z-score mean I would want consistent positive net income before calling it a margin-of-safety bargain.

In plain English: StubHub runs an online marketplace for live-event tickets. It made money in the first two quarters of 2026 and generated strong cash, but it posted a huge loss in fiscal 2025 and has weak financial health. At $5.64, the stock looks low compared with its cash generation, but the losses and the big drop from its 52-week high mean it is not clearly cheap.

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Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer