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VENUVenu Holding Corporation
$2.33$100M
Overview & Verdict
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VENU logoVenu Holding Corporation(VENU)Earnings, Financials & Key Ratios

VENU•AMEX
$2.33
Price updated Jul 7, 2026
SectorConsumer CyclicalIndustryRestaurantsSub-IndustryUpscale and Steakhouse Dining
AboutVenu Holding Corporation, an entertainment and hospitality company, designs, develops, owns, and operates up-scale music venues, outdoor amphitheaters, and full-service restaurants and bars in the United States. It owns and operates indoor music venues under the Bourbon Brothers Presents name; outdoor music amphitheaters under The Sunset Amphitheater name; restaurants under the Bourbon Brothers Smokehouse & Tavern, Notes Eatery, Roth's Seafood & Chophouse, and Notes Hospitality Collection names; and bars under the Brohan's name. The company also hosts events; and rents event space. Venu Holding Corporation was formerly known as Notes Live, Inc. and changed its name to Venu Holding Corporation in September 2024. The company was incorporated in 2017 and is based in Colorado Springs, Colorado.Show more
  • Revenue$18M+0.4%
  • EBITDA-$47M-97.5%
  • Net Income-$44M-45.3%
  • EPS (Diluted)-1.10-35.8%
  • Gross Margin30.43%-23.8%
  • EBITDA Margin-261.8%-96.8%
  • Operating Margin-296.31%-93.0%
  • Net Margin-246.37%-44.8%
  • ROE-26.75%+15.0%

VENU Price & Volume

Venu Holding Corporation (VENU) stock price & volume — 10-year historical chart

Loading chart...

Aggressive Capital Expansion Outpaces Operational Revenue Growth

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Unsustainable capital expenditure burn

Key Thesis Takeaways

  • Venu Holding Corporation faces a precarious outlook as its strategy of rapid infrastructure development has resulted in a cumulative retained earnings deficit of $105.2 million.
  • While the company continues to scale its physical footprint, the lack of consistent top-line growth and persistent negative operating margins suggest that the current business model is not yet self-sustaining.
  • Investors should remain cautious given the significant reliance on external debt, which has surged to $120.7 million, and the ongoing cash burn that reached $74.4 million in free cash flow outflows during 2026Q1.

Verdict Logic

the company's inability to generate positive free cash flow, coupled with a current ratio of 0.90 and a massive $105.2 million deficit in retained earnings, indicates an unsustainable burn rate.

VENU Growth Metrics

Venu Holding Corporation (VENU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years-
3 Years27.39%
TTM-12.71%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-21.6%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-10.34%

Return on Capital

10 Years-18.34%
5 Years-18.34%
3 Years-21.24%
Last Year-22.71%

VENU Recent Earnings

Venu Holding Corporation (VENU) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (40%)●Beat Revenue 1/12 qtrs (20%)
Q2 2026Latest
May 15, 2026
Metric
Actual
Est
EPS
$0.29-20.8%
$0.24
Rev
$4M+4.0%
$4M
Q2 2026
Mar 31, 2026
Metric
Actual
Est
EPS
$0.19+40.6%
$0.32
Rev
$5M-1.2%
$5M
Q4 2025
Nov 14, 2025
Metric
Actual
Est
EPS
$0.15+28.6%
$0.21
Rev
$2M-50.5%
$5M
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.30-66.7%
$0.18
Rev
$4M-23.1%
$6M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 15, 2026
$0.29vs $0.24-20.8%
$4Mvs $4M+4.0%
Q2 2026Mar 31, 2026
$0.19vs $0.32+40.6%
$5Mvs $5M-1.2%
Q4 2025Nov 14, 2025
$0.15vs $0.21+28.6%
$2Mvs $5M-50.5%
Q3 2025Aug 14, 2025
$0.30vs $0.18-66.7%
$4Mvs $6M-23.1%
Based on last 12 quarters of dataView full earnings history →

Latest VENU News

Recent stock market news and headlines for Venu Holding Corporation (VENU)

Business Wire·19h ago
VENU Hosts Special Event for Ford Amphitheater Investors Featuring VENU Shareholder Dierks Bentley

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #DierksBentley--Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), an owner, operator, and developer of premium live entertainment destinations, today announced it hosted a dedicated evening for Colorado based Ford Amphitheater Luxe FireSuite® and Owners Club investors, featuring GRAMMY-nominated, multi-platinum recording artist and VENU® shareholder Dierks Bentley.The event took place Thursday, July 2nd, at Phil Long Music Hall at Bourbon Brother.

Business Wire·1 day ago
VENU Reports Strong Quarter of Triple Net Ownership Sales, Capped by $11.3 Million in June

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #LuxeFireSuites--Venu® Holding Corporation (“VENU” or the “Company”) (NYSE American: VENU), owner, operator, and developer of premium live entertainment destinations, today reported that it completed its first full quarter of its national Luxe FireSuite® and Aikman Club ownership sales campaign featuring VENU shareholder Troy Aikman, generating approximately $29.8 million in gross ownership sales and commitments across the quarter. The Company recorded gross ownership s.

Business Wire·Jun 29, 2026
VENU Joins Russell 3000 and Russell 2000 Indexes

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #NYSEAmerican--Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), an owner, operator, and developer of premium live entertainment destinations, today joined the Russell 3000® Index and the small-cap Russell 2000® Index as part of FTSE Russell's 2026 semi-annual reconstitution, effective at today's market open."This is a milestone we're genuinely proud of,” said J.W. Roth, CEO and Founder of VENU. “The Russell is the benchmark for thousands of ins.

Business Wire·Jun 26, 2026
VENU CEO J.W. Roth Featured on The Business Digest Radio Show & Podcast

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #DirkHobbs--Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), an owner, operator, and developer of premium live entertainment destinations, today announced that Founder, Chairman, and CEO J.W. Roth was featured in an in-depth interview with executive publisher and host Dirk Hobbs, CEO of Colorado Media Group, on The Business Digest Radio Show & Podcast; the radio and podcast outreach of the Southern Colorado Business Digest. In the conve.

Business Wire·Jun 18, 2026
Veteran Investor and Widely Followed Market Analyst Shah Gilani Calls VENU Stock “Significantly Undervalued”

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)---- $VENU #JWRoth--Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), an owner, operator, and developer of premium live entertainment destinations, today released a recorded investor Q&A between Founder, Chairman, and CEO J.W. Roth and veteran investor, retired hedge fund manager, and widely followed market analyst Shah Gilani, Founder and Chief Investment Strategist at ANNSR Market Analytics. You can watch the interview here. In the conversatio.

Peers Comparison

Key metrics vs top competitors for Venu Holding Corporation (VENU)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
VENU logoVENUVenu Holding CorporationCurrent
$2.33$99.62M-2.120.35%-246.37%-26.75%—
MSGE logoMSGEMadison Square Garden Entertainment Corp.
$74.98$3.55B97.38-1.72%4.81%8.89%—
EPR logoEPREPR Properties
$59.84$4.58B18.2412.07%38.81%11.68%—
LYV logoLYVLive Nation Entertainment, Inc.
$183.92$42.74B-766.338.83%0.33%4.44%—
PLAY logoPLAYDave & Buster's Entertainment, Inc.
$10.73$373.28M-7.66-1.4%-3.09%-53.05%—
GOLF logoGOLFAcushnet Holdings Corp.
$114.58$6.71B36.964.14%6.54%20.79%—

Compare VENU vs Peers

Venu Holding Corporation (VENU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSGE

Most directly comparable listed peer for VENU.

Scale Benchmark

vs SBUX

Larger-name benchmark to compare VENU against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSGE, EPR, LYV, PLAY

VENU SEC Filings & Documents

Venu Holding Corporation (VENU) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 15, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

Apr 2, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 31, 2026·SEC

FY 2025

Mar 31, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

May 15, 2026·SEC

FY 2025

Nov 14, 2025·SEC

FY 2025

Aug 14, 2025·SEC

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VENU Frequently Asked Questions

Venu Holding Corporation (VENU) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Venu Holding Corporation's revenue?

Venu Holding Corporation (VENU) reported $15.2M in revenue for fiscal year 2025. This represents a 75% increase from $8.7M in 2022.

How fast is Venu Holding Corporation growing?

Venu Holding Corporation (VENU) grew revenue by 0.4% over the past year. Growth has been modest.

Is VENU profitable?

Venu Holding Corporation (VENU) reported a net loss of $39.9M for fiscal year 2025.

Dividend & Returns
What is VENU's return on equity?

Venu Holding Corporation (VENU) has a return on equity (ROE) of -26.8%. Negative ROE indicates the company is unprofitable.

What is Venu Holding Corporation's free cash flow?

Venu Holding Corporation (VENU) had negative free cash flow of $177.3M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in VENU back in 2022?

Total return calculator · dividends reinvested · 4+ years of data

See returns →