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Venu Holding Corporation (VENU)
XASE:VENU
US Market

Venu Holding Corporation (VENU) AI Stock Analysis

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VENU

Venu Holding Corporation

(NYSE MKT:VENU)

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Neutral 44 (OpenAI - 5.2)
Rating:44Neutral
Price Target:
$5.50
▼(-41.98% Downside)
The score is held down primarily by weak financial performance (declining revenue, losses, and negative operating/free cash flow) and a clearly bearish technical trend (price far below key moving averages with negative MACD). Valuation offers limited support due to negative earnings and no dividend yield provided, while recent corporate events are a modest positive but are tempered by dilution/leverage risk from capital raising.
Positive Factors
Strategic partnership and capital from Aramark
Aramark's equity infusion and expanded exclusive services agreement create a long-term operational and financial alignment. This reduces execution risk for venue operations, secures a major services provider for multiple sites, and provides durable capital support for buildout and operations.
Live Nation operating agreement
A multi-year exclusive booking relationship with Live Nation secures event programming and ticketing expertise, likely improving venue utilization and accelerating higher-margin ticketing and sponsorship revenues. This creates structural demand and lowers commercialization risk for new amphitheaters.
Rapid asset growth and development monetization
Substantial asset growth and realized development profit demonstrate successful scaling of the destination entertainment model and the ability to monetize real estate. Larger asset base supports diversified revenue (ticketing, naming rights, hospitality) and long-term revenue leverage if operations stabilize.
Negative Factors
Declining revenue and negative profitability
Persistent top-line decline and negative margins indicate structural issues in core operations and pricing or cost control. Without sustained revenue growth and margin recovery, the company will struggle to convert scale into profit, limiting durable improvements to return on equity and investor returns.
Negative operating and free cash flow
Ongoing negative operating and free cash flows weaken liquidity and force dependence on external financing for capex and expansion. Even modest FCF improvement is insufficient to fund rapid venue rollouts, increasing long-term financing risk and constraining reinvestment capacity.
Financing strain after terminated $75M offering
Cancelling a planned $75M equity raise suggests constrained market access or unfavorable terms, reducing near-term balance sheet flexibility. Coupled with rapid asset expansion and reported rising debt, this materially increases the risk of higher-cost financing, future dilution, or slowed development execution.

Venu Holding Corporation (VENU) vs. SPDR S&P 500 ETF (SPY)

Venu Holding Corporation Business Overview & Revenue Model

Company DescriptionVenu 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 MoneyVenu Holding Corporation generates revenue through multiple streams, primarily from its software licensing and subscription services in the technology sector, which provide ongoing income as businesses adopt their platforms. Additionally, the company earns income from real estate developments, including rental income and property sales. Investments in renewable energy projects also contribute to its revenue, particularly through government incentives and long-term power purchase agreements. Significant partnerships with technology firms and energy providers enhance VENU's market reach and operational capabilities, further driving financial growth.

Venu Holding Corporation Financial Statement Overview

Summary
Weak fundamentals: revenue is declining (-17.98% TTM) and profitability is negative (net margin -2.91% with negative EBIT/EBITDA margins). Balance sheet leverage is relatively manageable (debt-to-equity 0.54 TTM), but negative ROE and negative operating/free cash flow keep overall financial quality low.
Income Statement
25
Negative
Venu Holding Corporation's income statement shows significant challenges. The company has experienced a sharp decline in revenue with a negative growth rate of -17.98% TTM. Profitability metrics are concerning, with a negative net profit margin of -2.91% and a declining gross profit margin. The EBIT and EBITDA margins are also negative, indicating operational inefficiencies.
Balance Sheet
40
Negative
The balance sheet reflects a mixed picture. While the debt-to-equity ratio is relatively low at 0.54 TTM, suggesting manageable leverage, the return on equity is negative, indicating that the company is not generating profits from its equity base. The equity ratio is not provided, but the overall financial stability appears weak due to ongoing losses.
Cash Flow
30
Negative
Cash flow analysis reveals significant issues. The company has a negative operating cash flow and free cash flow, although there is a slight improvement in free cash flow growth TTM. The free cash flow to net income ratio is positive, suggesting some efficiency in converting net income to cash, but overall cash flow health is poor.
BreakdownTTMDec 2024Dec 2023Dec 2022
Income Statement
Total Revenue14.52M17.83M12.60M8.66M
Gross Profit3.07M7.13M4.83M3.30M
EBITDA-36.72M-28.30M-9.18M-6.44M
Net Income-42.23M-30.34M-10.52M-6.92M
Balance Sheet
Total Assets314.81M178.42M83.22M52.90M
Cash, Cash Equivalents and Short-Term Investments58.18M37.97M20.20M23.47M
Total Debt70.83M27.02M15.38M11.42M
Total Liabilities108.36M47.60M21.24M14.14M
Stockholders Equity131.28M95.72M30.75M15.97M
Cash Flow
Free Cash Flow-102.06M-68.73M-36.04M-8.82M
Operating Cash Flow-14.77M3.76M-4.88M-700.75K
Investing Cash Flow-77.40M-72.41M-31.17M-4.43M
Financing Cash Flow114.55M86.42M32.77M24.40M

Venu Holding Corporation Technical Analysis

Technical Analysis Sentiment
Negative
Last Price9.48
Price Trends
50DMA
8.83
Negative
100DMA
10.76
Negative
200DMA
11.17
Negative
Market Momentum
MACD
-0.70
Positive
RSI
31.67
Neutral
STOCH
7.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VENU, the sentiment is Negative. The current price of 9.48 is above the 20-day moving average (MA) of 8.26, above the 50-day MA of 8.83, and below the 200-day MA of 11.17, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 31.67 is Neutral, neither overbought nor oversold. The STOCH value of 7.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VENU.

Venu Holding Corporation Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
$414.03M18.202.09%7.81%4.58%
68
Neutral
$303.44M11.499.63%2.09%12.10%
68
Neutral
$425.87M15.625.82%2.40%-14.90%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
58
Neutral
$496.03M15.385.10%6.47%-62.84%
49
Neutral
$400.59M-4.929.34%-6.75%-118.94%
44
Neutral
$237.32M-5.05-40.00%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
VENU
Venu Holding Corporation
5.49
-4.27
-43.75%
DIN
Dine Brands Global
34.39
6.11
21.61%
JACK
Jack In The Box
20.97
-18.46
-46.82%
NATH
Nathan's Famous
101.12
22.62
28.82%
LOCO
El Pollo LoCo
10.13
-1.92
-15.93%
PTLO
Portillo's
5.65
-8.08
-58.85%

Venu Holding Corporation Corporate Events

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Venu Holding Announces Preliminary 2025 Results, Public Offering
Positive
Jan 27, 2026

On January 27, 2026, Venu Holding Corporation announced preliminary financial results for the fourth quarter and full year ended December 31, 2025, alongside the launch of a registered underwritten public offering of its common stock. The company reported modest growth in total quarterly revenue to an estimated $4.4 million–$4.8 million and full-year revenue of $17.8 million–$18.7 million, while highlighting a strategic shift toward higher-margin ticketing revenue and an 8.6% increase in restaurant revenue following the mid‑November 2025 opening of Roth’s Sea & Steak in Colorado Springs. Venu’s asset base nearly doubled year over year to more than $352.8 million–$355.4 million, supported by a sharp rise in property and equipment and strong Luxe FireSuite and Aikman Club sales, which climbed to an estimated $125.3 million–$126.8 million for 2025, up from $77.7 million in 2024. The company also generated its first development profit of $6.2 million from a sale‑leaseback of parking assets at its Colorado Springs campus and increased net revenue from its amphitheater partnership and naming rights agreements, as it ramps up a growing pipeline of new entertainment complexes in Broken Arrow, McKinney, El Paso and Houston. Preliminary figures, which remain unaudited and subject to change, underscore Venu’s aggressive growth and balance-sheet expansion but also a significant rise in debt, positioning the company for continued scale-up of its destination entertainment model while leaving investors to weigh leverage against the anticipated path to operational profitability.

The most recent analyst rating on (VENU) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Venu Holding Names New COO to Drive Operational Growth
Positive
Jan 15, 2026

Effective January 12, 2026, Venu Holding Corporation appointed Vic Sutter, previously Executive Vice President of Operations, as Chief Operating Officer to lead operational alignment across its expanding portfolio, while President Will Hodgson relinquishes COO duties to concentrate on enterprise-level strategy and long-term growth; Sutter’s appointment, backed by extensive experience at Live Nation and a new stock option grant, is intended to reinforce execution, efficiency, and premium guest experiences as the company scales. Separately, the company amended its purchase and sale agreement for land in Centennial, Colorado, on December 15, 2025, electing to extend the closing date by up to 45 days into January or February 2026 in exchange for extension fees, securing an approximate $390,000 price reduction while waiving inspection rights and contingencies and releasing all earnest money to the seller, a move that underscores Venu’s commitment to expanding its physical footprint despite tighter deal terms.

The most recent analyst rating on (VENU) stock is a Sell with a $8.00 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Venu Holding Expands Aramark Partnership and Raises Capital
Positive
Jan 9, 2026

On January 5, 2026, Venu Holding Corporation amended its existing letter of intent with Aramark Sports and Entertainment Services, expanding Aramark’s role as exclusive provider of food, beverage, catering, concession, retail, custodial, grounds, and facility maintenance services to cover two additional amphitheaters the company plans to build in El Paso and the greater Houston area, on the same terms as its Ford Amphitheater in Colorado Springs and Sunset Amphitheaters in McKinney and Tulsa, and extending Aramark’s right of first refusal on services at future venues as long as it retains its preferred or converted common stock holdings. In tandem with this operational expansion, Aramark committed an additional $10.005 million equity investment via 667 new shares of Series B 4% Cumulative Convertible Preferred Stock to be issued in two tranches in 2026, prompting Venu to file on January 6, 2026 an amendment to increase the authorized Series B Preferred Stock from 675 to 1,342 shares without changing its rights or preferences, and to confirm that Aramark’s registration rights for underlying common stock also apply to these new shares, strengthening Venu’s capital base and deepening its strategic alliance with a major venue services provider.

The most recent analyst rating on (VENU) stock is a Hold with a $8.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Business Operations and Strategy
Venu Holding Signs Agreement with Live Nation
Positive
Dec 12, 2025

On December 10, 2025, Venu Holding Corporation entered into an Operator Agreement with Live Nation Worldwide, Inc. for the development of The Sunset McKinney amphitheater in McKinney, Texas. The agreement, which spans five years with options for extension, designates Live Nation as the exclusive booking agent and tenant, while Venu Holding retains sponsorship and naming rights. The agreement outlines a revenue-sharing model, exclusive-use requirements, and conditions precedent that include due diligence and operational standards. This partnership positions the amphitheater as a multifunctional venue for various events, potentially impacting the local entertainment landscape and offering new opportunities for stakeholders.

The most recent analyst rating on (VENU) stock is a Hold with a $10.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Stock Buyback
Venu Holding Approves $10M Share Repurchase Program
Positive
Nov 21, 2025

On November 18, 2025, Venu Holding Corporation‘s Board of Directors approved a Share Repurchase Program, authorizing the buyback of up to $10 million of its common stock until December 31, 2026. This program allows for repurchases through open-market or privately negotiated transactions, with flexibility in timing and volume based on market conditions and other factors, potentially impacting the company’s stock market presence and shareholder value.

The most recent analyst rating on (VENU) stock is a Sell with a $8.00 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Business Operations and StrategyM&A Transactions
Venu Holding Completes Sale-Leaseback of Key Property
Neutral
Nov 10, 2025

On November 4, 2025, Venu Holding Corporation‘s subsidiary, Notes Live Real Estate, LLC, completed a sale-leaseback transaction involving a 5.5-acre property used as the primary parking structure for the Ford Amphitheater. The property was sold to Belmont Manor Apartments, LLC, a company owned by a significant shareholder of Venu Holding Corporation, for $14,000,000, consisting of $7,600,000 in cash and $6,400,000 in company stock, which will be retired into treasury. The transaction, which closed on November 5, 2025, allows Notes Live Real Estate to lease the property back for continued use, with an annual base rent of $1,050,000. The agreement includes a repurchase option for the seller within three years, along with other customary terms and conditions.

The most recent analyst rating on (VENU) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
Venu Holding Extends Property Acquisition Deadline
Neutral
Nov 3, 2025

Venu Holding Corporation announced that its Sunset Amphitheater at Broken Arrow is projected to open in summer 2026, featuring a flexible ‘open room’ model allowing various events without an exclusive operator. The company has a non-exclusive agreement with Live Nation for event promotion, with incentives based on ticket sales. Additionally, Venu Holding Corporation extended the closing date for acquiring property in Centennial, Colorado, for a new venue development, with the closing now set for December 15, 2025.

The most recent analyst rating on (VENU) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Executive/Board ChangesShareholder Meetings
Venu Holding Corporation Shareholder Meeting Approves Key Proposals
Neutral
Oct 30, 2025

On October 28, 2025, Venu Holding Corporation held its Annual Meeting of Shareholders in Colorado Springs, Colorado, where shareholders voted on three key proposals. The proposals included the election of seven directors, an amendment to the company’s Omnibus Incentive Compensation Plan to increase the number of shares reserved for issuance, and the ratification of Grassi & Co., CPAs, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025. All proposals were approved, impacting the company’s governance and incentive structures.

The most recent analyst rating on (VENU) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Venu Holding Corporation stock, see the VENU Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jan 30, 2026