Venu Holding Corporation (VENU) AI Stock Analysis

• Market Cap: $499.69M
• Dividend Yield: N/A
• Average Volume (3M): 68.48K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 50
• Sector: Consumer Cyclical
• Sector Strength: 79
• Industry: Restaurants
• EPS (TTM): -0.30
• Shares Outstanding: 40,311,230
• 10 Day Avg. Volume: 105,077
• 30 Day Avg. Volume: 68,484
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 35.52
• Enterprise Value/Gross Profit: 96.72
• Enterprise Value/Ebitda: -19.56
• 1Y Price Target: $14.75
• Price Target Upside: 15.87% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 52 Neutral
• Price Target: $12.50 ▼(-1.81% Downside)

Venu Holding Corporation's overall stock score is primarily impacted by its strong revenue growth and positive corporate events. However, the company's profitability issues and negative valuation metrics weigh heavily on the score. The technical analysis suggests potential for a reversal, but current trends remain bearish.

Venu Holding Corporation Business Overview & Revenue Model

Company Description

Venu 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.

How the Company Makes Money

Venu Holding Corporation generates revenue through multiple streams, primarily from its diverse portfolio of subsidiaries and investments. Key revenue streams include technology solutions sales, real estate leasing and management fees, and ticket sales and sponsorships from entertainment events. The company capitalizes on strategic partnerships with technology firms and real estate developers to enhance its service offerings and expand its market reach. Additionally, Venu leverages its brand presence and expertise in event management to secure lucrative sponsorship deals, further contributing to its overall earnings.

Venu Holding Corporation Financial Statement Overview

Summary

Venu Holding Corporation exhibits strong revenue growth but faces challenges in profitability and cash flow generation. The balance sheet is stable with low leverage, yet consistent net losses and negative free cash flow indicate a need for operational improvements.

Income Statement

Venu Holding Corporation has shown significant revenue growth over the past three years, with a revenue increase from $8.66 million in 2022 to $17.83 million in 2024. However, the company is struggling with profitability, as indicated by negative net income and EBIT margins. The gross profit margin has been relatively stable, but the negative EBIT and EBITDA margins highlight operational inefficiencies.

Balance Sheet

The company's balance sheet shows a strong equity position with a debt-to-equity ratio of 0.28 in 2024, indicating low leverage. The equity ratio is healthy at 53.7%, suggesting financial stability. However, the company has been consistently operating at a net loss, which could pose risks if not addressed.

Cash Flow

Venu Holding Corporation's cash flow statement reveals challenges in generating positive free cash flow, with significant negative free cash flow reported in 2024. The operating cash flow has improved but remains low relative to net income, indicating potential issues in cash generation from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022
Income Statement
Total Revenue	15.94M	17.83M	12.60M	8.66M
Gross Profit	5.85M	7.13M	4.83M	3.30M
EBITDA	-28.94M	-28.30M	-9.18M	-6.44M
Net Income	-32.80M	-30.34M	-10.52M	-6.92M
Balance Sheet
Total Assets	212.88M	178.42M	83.22M	52.90M
Cash, Cash Equivalents and Short-Term Investments	24.66M	37.97M	20.20M	23.47M
Total Debt	55.97M	27.02M	15.38M	11.42M
Total Liabilities	73.55M	47.60M	21.24M	14.14M
Stockholders Equity	78.37M	95.72M	30.75M	15.97M
Cash Flow
Free Cash Flow	-88.15M	-68.73M	-36.04M	-8.82M
Operating Cash Flow	-2.57M	3.76M	-4.88M	-700.75K
Investing Cash Flow	-74.99M	-72.41M	-31.17M	-4.43M
Financing Cash Flow	75.94M	86.42M	32.77M	24.40M

Venu Holding Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PBPB	72 Outperform	$388.24M	36.69	19.65%	―	-1.72%	-70.31%
LOCO	69 Neutral	$317.65M	12.68	9.46%	―	1.85%	-0.99%
RICK	66 Neutral	$323.79M	19.86	6.12%	0.75%	-5.34%	256.61%
DIN	64 Neutral	$346.80M	7.53	-42.81%	8.87%	2.92%	-49.77%
Sector *	61 Neutral	$17.78B	13.97	-5.49%	3.03%	1.50%	-15.71%
DENN	60 Neutral	$239.47M	14.52	-63.40%	―	0.06%	-12.14%
VENU	52 Neutral	$499.69M	―	-48.66%	―	―	―

Venu Holding Corporation Corporate Events

Venu Holding Corporation Completes $30 Million Stock Offering

On August 26, 2025, Venu Holding Corporation announced the pricing of a $30 million public offering of 2,500,000 shares of common stock at $12.00 per share. The offering closed on August 28, 2025, with ThinkEquity acting as the sole book-running manager. The proceeds are intended to fund development costs for new venues and general corporate purposes, potentially impacting the company’s expansion and market positioning.

Venu Holding Corporation Converts Notes to Equity Shares

Between February 28, 2025, and May 6, 2025, Venu Holding Corporation issued five convertible promissory notes totaling $18 million. On June 22, 2025, the holder of three notes, totaling $15 million, converted them into 1,542,367 shares of common stock at $10 per share, instead of using the prior 10-day trading average. This conversion, completed on June 24, 2025, satisfied all obligations under the notes, impacting the company’s financial structure and shareholder equity.

Venu Holding Updates on Series A Stock Offering

Venu Holding Corporation has updated its corporate overview presentation to include details about its offering of Series A 8.0% Cumulative Redeemable Convertible Preferred Stock under Regulation A of the Securities Act of 1933. This presentation is intended for meetings with potential investors and strategic partners. The company has filed an offering statement with the SEC and plans to list its Series A Preferred Stock on the NYSE American under the symbol ‘VENU.PR A’, although listing is not a condition for proceeding with the offering. The presentation includes forward-looking statements, and the company cautions that investing in these securities involves significant risks and uncertainties.

Venu Holding Finalizes Aramark Agreement and Investment

On June 16, 2025, Venu Holding Corporation finalized agreements with Aramark Sports and Entertainment Services, making Aramark the exclusive provider of various services at Venu’s amphitheaters. Aramark also invested $10.125 million in Venu by purchasing Series B Preferred Stock. Additionally, Venu announced it would not be included in the Russell 3000® Index for June 2025 due to a free float threshold issue, despite meeting the criteria and providing supporting documentation. The company anticipates eligibility for inclusion in 2026.

Venu Holding Partners with Aramark for Exclusive Services

On June 9, 2025, Venu Holding Corporation entered into a binding letter of intent with Aramark Sports and Entertainment Services to make Aramark the exclusive provider of various services at Venu’s Ford Amphitheater in Colorado Springs and two Sunset Amphitheaters under construction in Texas and Oklahoma. This agreement includes a management fee based on gross receipts and a share of profits for Aramark, along with a $10.125 million equity investment in Venu by Aramark. Additionally, on June 3, 2025, KWO, LLC converted a $10 million loan into 1,007,292 shares of Venu’s common stock, releasing its security interest in Venu’s real property assets.