Seaport Entertainment Group Inc. (SEG)
Seaport Entertainment Group Inc. owns, develops, and operates a portfolio of entertainment and real estate assets primarily in New York City and Las Vegas. The company operates through three segments: Hospitality; Entertainment; and Landlord Operations. The Hospitality segment operates fine dining and casual dining restaurants, cocktail bars, and nightlife and entertainment venues under The Fulton, Mister Dips, Carne Mare, Malibu Farm, Gitano, and The Lawn Club brands. The Entertainment segment includes the Las Vegas Aviators Triple-A Minor League Baseball team, the Las Vegas Ballpark, the Fashion Show Mall Air Rights, events, and concerts, as well as various sponsorship agreements across the Seaport and the Las Vegas Ballpark. The Landlord Operations segment engages in the holding of ownership interests in and operation of physical real estate assets, such as restaurant, retail, office, and entertainment properties, as well as residential units. Seaport Entertainment Group Inc. was incorporated in 2024 and is headquartered in New York, New York.
Sector: Services-Miscellaneous Amusement & Recreation
Industry: Real Estate - Services
Seaport Entertainment Group Inc.
NYSE:SEGReal Estate · Real Estate - Services
+0.93%$22.68
AH Close$22.68+0.00%vs close
AH Close$22.68+0.00%vs close
Mkt Cap$290.52M
Float7.62M
O/S12.81M
Inst Own86.7%
SI8.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$130.41M
Net Income-$116.74M
Total Assets$650.12M
Free Cash Flow-$68.42M
Debt & Equity
Debt 25%
Equity 75%
Total Debt$156.18M
Total Equity$456.51M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in SEG's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$650.12M
Liabilities$183.72M
Accounts Receivable$7.15M
Accounts Payable$7.95M
Inventory$2.34M
PP&E (Net)$45.1M
Goodwill$0
Intangible Assets$14.22M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Revenue | $130.41M | $111.14M | $115.68M | $119.05M | $82.62M |
| YoY Growth | 17.3% | -3.9% | -2.8% | 44.1% | - |
| Cost of Revenue | $128.36M | $74.76M | $78.9M | $76.8M | $56.9M |
| Gross Profit | $2.05M | $36.38M | $36.78M | $42.24M | $25.72M |
| Gross Margin | 1.6% | 32.7% | 31.8% | 35.5% | 31.1% |
| Research and Development | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $42.78M | $63.27M | $30.54M | $16.98M | $17.21M |
| Other | $66.38M | $74.85M | $762.65M | $91.94M | $84.42M |
| Total Operating Expenses | $109.16M | $138.12M | $793.19M | $108.92M | $101.64M |
| Operating Income (EBIT) | -$107.11M | -$101.74M | -$756.41M | -$66.67M | -$75.92M |
| Operating Margin | -82.1% | -91.5% | -653.9% | -56.0% | -91.9% |
| Interest Expense | $0 | $6.75M | $3.17M | $4.01M | $6.53M |
| Interest Income | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$8.23M | -$50.88M | -$83.85M | -$41.14M | -$8.52M |
| Income Before Tax (EBT) | -$115.34M | -$152.63M | -$840.25M | -$107.81M | -$84.44M |
| Income Tax Expense | $0 | $0 | -$2.19M | $3.47M | -$3.58M |
| Net Income | -$116.74M | -$153.21M | -$838.07M | -$111.28M | -$80.87M |
| Net Income Margin | -89.5% | -137.9% | -724.5% | -93.5% | -97.9% |
| Supplementary Data | |||||
| EPS | -9.18 | -16.82 | -58.82 | -8.84 | -6.43 |
| Diluted EPS | -9.18 | -16.82 | -58.82 | -8.84 | -6.43 |
| Weighted Average OS | 12.72M | 9.11M | 14.61M | 12.58M | 12.58M |
| EBITDA | -$83.15M | -$111.09M | -$788.65M | -$56.44M | -$36.3M |
| EBITDA Margin | -63.8% | -100.0% | -681.8% | -47.4% | -43.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Assets | ||||
| Current Assets | ||||
| Cash and Cash Equivalents | $77.81M | $165.67M | $1.83M | $16.45M |
| Short-Term Investments | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $77.81M | $165.67M | $1.83M | $16.45M |
| Accounts Receivable | $7.15M | $5.25M | $13.67M | $8.2M |
| Inventory | $2.34M | $1.88M | $2.72M | $2.46M |
| Other Current Assets | $147.03M | $2.18M | $42.01M | $50.27M |
| Total Current Assets | $249.19M | $190.94M | $75.95M | $81.68M |
| Long-Term Assets | ||||
| Property, Plant & Equipment Net | $45.1M | $38.68M | $40.88M | $41.5M |
| Goodwill | $0 | $0 | $0 | $0 |
| Intangible Assets | $14.22M | $17.38M | $20.53M | $23.69M |
| Long-Term Investments | $16.68M | $28.33M | $37.46M | $69.81M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $324.93M | $468.23M | $441.99M | $1.1B |
| Total Long-Term Assets | $400.93M | $552.61M | $540.86M | $1.23B |
| Other Assets | $0 | $0 | $0 | $0 |
| Total Assets | $650.12M | $743.56M | $616.81M | $1.31B |
| Liabilities | ||||
| Current Liabilities | ||||
| Accounts Payable | $7.95M | $11M | $4.29M | $3.34M |
| Short-Term Debt | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $13.37M | $4.63M | $4.58M | $5.52M |
| Other Current Liabilities | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $27.31M | $21.74M | $27.23M | $23.29M |
| Long-Term Liabilities | ||||
| Long-Term Debt | $99.65M | $101.59M | $155.63M | $144.18M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $2.19M |
| Other Long-Term Liabilities | $226K | $1.37M | $908K | $2.32M |
| Total Long-Term Liabilities | $156.4M | $150.43M | $204.69M | $195.04M |
| Other Liabilities | $0 | $0 | $0 | $0 |
| Total Liabilities | $183.72M | $172.17M | $231.92M | $218.33M |
| Stockholders' Equity | ||||
| Preferred Stock | $0 | $0 | $0 | $0 |
| Common Stock | $128K | $127K | $0 | $0 |
| Retained Earnings | -$168.4M | -$51.66M | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $624.78M | $613.01M | $384.89M | $1.1B |
| Total Equity | $456.51M | $561.48M | $384.89M | $1.1B |
| Minority Interest | $9.9M | $9.9M | $0 | $0 |
| Total Liabilities and Equity | $640.22M | $733.66M | $616.81M | $1.31B |
| Supplementary Data | ||||
| Total Debt | $156.18M | $149.06M | $203.78M | $190.53M |
| Net Debt | $78.37M | -$16.6M | $201.95M | $174.08M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Operating Activities | |||||
| Net Income | -$115.34M | -$152.63M | -$838.07M | -$111.28M | -$80.87M |
| Depreciation & Amortization | $32.19M | $34.78M | $48.43M | $47.36M | $41.61M |
| Deferred Income Tax | $0 | $0 | -$2.19M | $3.47M | -$3.58M |
| Stock-Based Compensation | $15.08M | $3.34M | $1.5M | $869K | $483K |
| Changes in Working Capital: | |||||
| Accounts Receivable | $479K | $5.2M | -$5.29M | $671K | -$2.64M |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $2.83M | $8.84M | $1.6M | -$6.19M | $7.21M |
| Other Working Capital | $2.15M | -$364K | -$12.43M | -$754K | -$2.15M |
| Total Working Capital Change | $5.46M | $13.68M | -$16.11M | -$6.27M | $2.42M |
| Other Non-Cash Items | $19.21M | $48.13M | $755.66M | $36.3M | $4.11M |
| Net Cash from Operating | -$43.4M | -$52.7M | -$50.78M | -$29.55M | -$35.81M |
| Investing Activities | |||||
| Capital Expenditures | -$25.02M | -$6.72M | -$18.75M | -$12.21M | -$9.21M |
| Acquisitions | $685K | -$34.12M | -$45.53M | -$100.11M | -$1.16M |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$5.75M | -$62.04M | -$44.03M | -$85.71M | -$92.76M |
| Net Cash from Investing | -$30.08M | -$102.88M | -$108.3M | -$198.03M | -$103.14M |
| Financing Activities | |||||
| Debt Repaid | $2M | $55.6M | -$13.19M | $1.91M | $1.75M |
| Common Stock Issuance | -$206K | $166.79M | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$4.77M | $168.4M | $123.03M | $239.32M | $185.92M |
| Net Cash from Financing | -$6.97M | $279.58M | $136.21M | $237.41M | $184.18M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$80.45M | $124M | -$22.87M | $9.83M | $45.23M |
| Supplementary Data | |||||
| Operating Cash Flow | -$43.4M | -$52.7M | -$50.78M | -$29.55M | -$35.81M |
| Capital Expenditure | -$25.02M | -$6.72M | -$18.75M | -$12.21M | -$9.21M |
| Free Cash Flow | -$68.42M | -$59.42M | -$69.53M | -$41.76M | -$45.03M |
| Cash at Beginning | $167.84M | $43.84M | $66.71M | $56.88M | $11.66M |
| Cash at End | $87.39M | $167.84M | $43.84M | $66.71M | $56.88M |