Seaport Entertainment Group Inc. SEG
Seaport Entertainment Group Inc. ("Seaport Entertainment," the "Company," "we," "our" and "us") is a Delaware corporation and was incorporated in 2024 in connection with, and anticipation of, Howard Hughes Holdings Inc.'s ("HHH") spin-off of its entertainment-related assets in New York City and Las Vegas (the "Spin-Off"). The separation of Seaport Entertainment from HHH, which was effected through HHH's pro rata distribution of 100% of the outstanding shares of common stock of Seaport Entertainment to holders of HHH common stock, was completed on July 31, 2024. Following the completion of the separation, Seaport Entertainment became an independent, publicly traded company. On August 1, 2024, the Company's common stock began trading on the NYSE American LLC (the "NYSE American") under the symbol "SEG". On June 30, 2025, the Company transferred the listing of the Company's common stock from the NYSE American LLC to the New York Stock Exchange, continuing to trade under the symbol "SEG."
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $130.4M | $110.2M | $114.9M | $119.0M | — |
| SG&A | $42.8M | $63.3M | $30.5M | $17.0M | — |
| Total operating expenses | $234.7M | $219.1M | $199.1M | $186.7M | — |
| Operating income | -$118.2M | -$102.2M | -$756.7M | -$66.7M | — |
| Pre-tax income | -$115.3M | -$152.6M | -$840.3M | -$107.8M | — |
| Income tax | $0 | $0 | $2.2M | $3.5M | — |
| Net income | -$116.7M | -$153.2M | -$838.1M | -$111.3M | — |
| EPS, basic | -9.18 | -16.82 | -151.77 | -20.15 | — |
| EPS, diluted | -9.18 | -16.82 | -151.77 | -20.15 | — |
| Shares, diluted (wtd. avg.) | 12.7M | 9.1M | 5.5M | 5.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and equivalents | $77.8M | $165.7M | $1.8M | $66.7M | $56.9M |
| Inventory | $2.3M | $1.9M | $2.7M | — | — |
| Total assets | $650.1M | $743.6M | $616.8M | — | — |
| Long-term debt | $38.3M | $101.6M | $155.6M | — | — |
| Total liabilities | $183.7M | $172.2M | $231.9M | — | — |
| Retained earnings | -$168.4M | -$51.7M | — | — | — |
| Total equity | $456.5M | $561.5M | $384.9M | $1.10B | $967.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating cash flow | -$49.7M | -$52.7M | -$50.8M | -$29.6M | — |
| Depreciation and amortisation | $32.2M | $34.8M | $48.4M | $47.4M | — |
| Investing cash flow | -$23.8M | -$102.9M | -$108.3M | -$198.0M | — |
| Financing cash flow | -$7.0M | $279.6M | $136.2M | $237.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-023561.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | — | $119.0M | $114.9M | $110.2M | $130.4M |
| Gross profit | — | — | — | — | — |
| Net income | — | -$111.3M | -$838.1M | -$153.2M | -$116.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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