Venu Holding Corporation (VENU)
XASE:VENU
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Venu Holding Corporation
(NYSE MKT:VENU)
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Rating:49Neutral
Price Target:
$2.50
▼(-73.63% Downside)
Action:Reiterated
Date:06/16/26
The score is held back primarily by weak fundamentals—steep losses, margin compression, higher leverage, and deeply negative free cash flow—despite improving operating cash flow. Technicals also remain bearish with the stock trading below key moving averages. Offsetting these risks, the latest earnings call and recent financing/strategic actions point to strong pipeline momentum, capital access, and partnership traction, but near-term monetization and execution remain key uncertainties.
Positive Factors
Financing flexibility and capital access
Recent successful equity raise ($86.25M gross, $80.1M net) plus an at-the-market program (up to $250M) and active sale-leaseback use a provide durable financing toolkit. This reduces execution risk on capital-intensive builds by broadening funding sources and preserving optionality for future development financing and strategic deployments.
Negative Factors
Deeply negative free cash flow
TTM free cash flow remains deeply negative (~-$177M) despite operating cash flow turning positive. Persistent heavy cash burn from development capex and buildouts means ongoing reliance on external financing; this raises execution and refinancing risk if capital markets tighten or asset monetization lags.
Read all positive and negative factors
Positive Factors
Negative Factors
Financing flexibility and capital access
Recent successful equity raise ($86.25M gross, $80.1M net) plus an at-the-market program (up to $250M) and active sale-leaseback use a provide durable financing toolkit. This reduces execution risk on capital-intensive builds by broadening funding sources and preserving optionality for future development financing and strategic deployments.
Read all positive factors
Venu Holding Corporation (VENU) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$169.69M
Dividend YieldN/A
Average Volume (3M)143.67K
Price to Earnings (P/E)―
Beta (1Y)1.24
Revenue Growth5.20%
EPS Growth-6.01%
CountryUS
Employees50
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-1.13
Shares Outstanding59,443,880
10 Day Avg. Volume166,232
30 Day Avg. Volume143,667
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)2.30
Price to Sales (P/S)17.10
P/FCF Ratio-2.28
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue11.74
Enterprise Value/Gross Profit-183.63
Enterprise Value/Ebitda-6.26
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-1.01
Revenue Forecast (FY)$18.90M
Venu Holding Corporation Business Overview & Revenue Model
Company Description
Venu Holding Corporation operates as an enterprise within the entertainment and hospitality sectors. The company specializes in the conceptualization, development, ownership, and management of premium music venues, outdoor concert amphitheatres, a...
How the Company Makes Money
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Venu Holding Corporation Earnings Call Summary
Earnings Call Date:May 15, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 13, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and commercial momentum: notable asset and property growth (+25%), successful capital raise (~$86.3M gross; $80.1M net), >$260M in pre-sales for premium hospitality products, a large municipal pipeline (>45 cities), and early partnership wins (PepsiCo, Aramark) with >$100M in negotiated/contractual partnership revenue. At the same time, the business remains capital-intensive and early-stage with modest absolute revenue ($3.9M this quarter), some hospitality unit headwinds (Bourbon Brothers locations), and GAAP accounting nuances around municipal contributions that may obscure underlying asset value. Overall, positives (growth, capital, partnerships, and product demand) materially outweigh the near-term operational and execution risks.Positive Updates
Strong Asset Growth and Appraisal
Total assets increased to $461 million as of March 31, 2026, up $91 million or 25% from $370 million at December 31, 2025. Management cited an independent as-completed appraisal valuing the real estate portfolio at $1.24 billion and noted that assets have roughly doubled over the past 24 months (≈100% increase).
Negative Updates
Hospitality and Restaurant Headwinds
Bourbon Brothers Smokehouse & Tavern locations faced soft traffic in Colorado Springs and full/partial closures at Gainesville due to early winter storms in Q1, creating near-term revenue headwinds in those hospitality units.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Asset Growth and Appraisal
Total assets increased to $461 million as of March 31, 2026, up $91 million or 25% from $370 million at December 31, 2025. Management cited an independent as-completed appraisal valuing the real estate portfolio at $1.24 billion and noted that assets have roughly doubled over the past 24 months (≈100% increase).
Read all positive updates
Company Guidance
The company reiterated qualitative guidance to continue building out its venue pipeline and expects Ford’s 2026 season to track like prior seasons while new venues are designed to be multi‑seasonal and multi‑configurational (targeting a minimum of ~80 events/year and up to ~100 vs. a typical amphitheater’s ~30–35), with a capital stack roughly 40% municipal contributions, 40% pre‑sale fractional ownership and 20% sale‑leaseback; key metrics cited include total assets of $461 million as of March 31, 2026 (up $91 million or 25% from $370 million at 12/31/25), property & equipment of $382 million (up $76 million or 25% from $306 million), an as‑completed appraisal of $1.24 billion, gross capital raise proceeds of $86.25 million (net $80.1 million), total revenue of $3.9 million for Q1 FY2026 (versus $3.5 million prior year, +11%), Luxe FireSuite and Aikman Club sales of over $260 million since launch (with ~47% of quarterly FireSuite sales via the triple‑net model), a newly launched $300 million triple‑net inventory, secured partnership revenue in excess of $100 million to date, and an active pipeline in discussions with more than 45 municipalities.Venu Holding Corporation Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
30
Negative
Cash Flow
22
Negative
| Breakdown | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 17.90M | 17.83M | 12.60M | 8.66M |
| Gross Profit | 5.45M | 7.13M | 4.83M | 3.30M |
| EBITDA | -39.96M | -28.30M | -9.18M | -6.44M |
| Net Income | -44.09M | -30.34M | -10.52M | -6.92M |
Balance Sheet | ||||
| Total Assets | 370.56M | 178.42M | 83.22M | 52.90M |
| Cash, Cash Equivalents and Short-Term Investments | 41.31M | 37.97M | 20.20M | 23.47M |
| Total Debt | 107.43M | 27.02M | 15.38M | 11.42M |
| Total Liabilities | 171.70M | 47.60M | 21.24M | 14.14M |
| Stockholders Equity | 132.87M | 95.72M | 30.75M | 15.97M |
Cash Flow | ||||
| Free Cash Flow | -134.01M | -68.73M | -36.04M | -8.82M |
| Operating Cash Flow | 7.65M | 3.76M | -4.88M | -700.75K |
| Investing Cash Flow | -133.43M | -72.41M | -31.17M | -4.43M |
| Financing Cash Flow | 129.12M | 86.42M | 32.77M | 24.40M |
Venu Holding Corporation Technical Analysis
Negative
9.48
Price Trends
3.71
Negative
4.19
Negative
7.61
Negative
Market Momentum
-0.23
Positive
31.85
Neutral
12.22
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 3.45, above the 50-day MA of 3.71, and above the 200-day MA of 7.61, indicating a bearish trend. The MACD of -0.23 indicates Positive momentum. The RSI at 31.85 is Neutral, neither overbought nor oversold. The STOCH value of 12.22 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VENU.
Venu Holding Corporation Risk Analysis
Venu Holding Corporation disclosed 67 risk factors in its most recent earnings report. Venu Holding Corporation reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Venu Holding Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $478.76M | 15.92 | 10.14% | ― | 4.42% | 16.38% | |
62 Neutral | $416.65M | 20.77 | -179.01% | 2.09% | 9.37% | -16.75% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $416.20M | 25.24 | -6.47% | 5.10% | 8.39% | -70.93% | |
52 Neutral | $240.90M | 6.68 | -3.80% | 9.34% | -17.16% | ― | |
52 Neutral | $328.24M | 19.46 | 3.37% | ― | 2.37% | -49.32% | |
49 Neutral | $169.69M | -2.04 | -29.57% | ― | 5.20% | -6.01% |
* Consumer Cyclical Sector Average
VENU
Venu Holding Corporation
2.67
-10.77
-80.13%
DIN
Dine Brands Global
33.46
8.04
31.61%
JACK
Jack In The Box
12.40
-4.66
-27.32%
NATH
Nathan's Famous
101.57
-3.30
-3.15%
LOCO
El Pollo LoCo
15.79
5.50
53.45%
PTLO
Portillo's
4.22
-7.25
-63.21%
Venu Holding Corporation Corporate Events
Private Placements and FinancingRegulatory Filings and Compliance
Venu Holding Announces New At-the-Market Equity Program
Neutral
Jun 12, 2026
On June 12, 2026, Venu Holding Corporation entered into an at-the-market equity offering program through a sales agreement with ThinkEquity LLC, which will act as sole sales agent for up to $250 million of the company’s common stock. Shares ...
Business Operations and StrategyStock BuybackPrivate Placements and FinancingRegulatory Filings and Compliance
Venu Holding Executes Ford Amphitheater Sale-Leaseback Transaction
Positive
Jun 11, 2026
On June 5, 2026, a Venu Holding subsidiary sold approximately 9.5 acres of land underlying the Ford Amphitheater in Colorado Springs, plus an adjacent 1.1-acre parcel, to related-party entity O’Neil Roth Ford for $49.7 million and a nominal ...
Business Operations and StrategyPrivate Placements and Financing
Venu Holding Plans Chattanooga Amphitheater and Entertainment Complex
Positive
May 13, 2026
On May 8, 2026, Venu Holding Corporation’s subsidiary Sunset at Chattanooga, LLC agreed to acquire a roughly 15-acre parcel in Chattanooga, Tennessee, for $20 million to develop and operate a multi-seasonal amphitheater and entertainment com...
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.