VENUNYSEServices-Amusement & Recreation ServicesUS GAAP · USD

Venu Holding Corp

Venu Holding Corp is a U.S.-based hospitality and live-entertainment company that develops, owns, and operates venue campuses combining music halls, outdoor amphitheaters, restaurants, and bars. Its business is organized around destination entertainment properties and related food, beverage, rental, and sponsorship activities, with operations centered in the United States.

Revenue17.9m USD
+0.4 %y/y
Operating profit (EBIT)-46.1m USD
−68.5 %y/y
EBIT margin-257.8%
−104.3 ppy/y
Net income-44.1m USD
−45.3 %y/y
Free cash flow-134m USD
−95.0 %y/y

Fiscal year 2025 · change from previous year

Development 2023–2025

-60-40-20020m USD2023: 13 m USD2023: EBIT -11 m USD20232024: 18 m USD2024: EBIT -27 m USD20242025: 18 m USD2025: EBIT -46 m USD202518-46
RevenueOperating profit (EBIT)

Business

Share of revenue
Restaurant operations58 %

Food and beverage sales from Bourbon Brothers Smokehouse & Tavern and related concepts.

Event center ticket and fees28 %

Ticketing, event fees, and related revenue from live-entertainment venues.

Rental and sponsorship14 %

Venue rentals, corporate sponsorships, and related commercial revenue streams.

Products

Reported · share of revenue
54.6%33.8%11.6%FY2025100 %
  • Food and Beverage54.6 %
  • Event Center Ticket and Fees Revenue33.8 %
  • Rental and Sponsorship Revenue11.6 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Venu serves consumers attending concerts, dining guests, and event patrons who use its venues for entertainment and hospitality experiences. It also sells to corporate sponsors, investors in suite and membership structures, and event partners that monetize access to venue capacity and brand exposure.

Concert and event attendees

Buy tickets, fees, and on-site services to attend live performances and events.

Restaurant and hospitality guests

Purchase food and beverage at Bourbon Brothers and venue-adjacent concepts.

Corporate sponsors

Buy sponsorship packages to reach audiences across the venue network.

Suite and membership investors

Acquire fractional rights tied to suites and venue-related economic interests.

Event promoters and venue partners

Use the campuses for concerts, rentals, and hosted entertainment programming.

Strategy

Venu’s strategy is to build a network of luxury entertainment campuses that combine dining, live music, and premium venue experiences in selected domestic markets. It also uses structured financing, sponsorship sales, and partnership models to help fund development and monetize suites, memberships, and venue-related real estate.

Expand the venue pipelineMedium term

More campuses increase ticketing, dining, rental, and sponsorship opportunities.

Monetize premium seating and membership structuresShort term

Fractional suite ownership helps finance projects while creating recurring venue economics.

Increase sponsorship and partnership revenueShort term

Corporate sponsorships diversify revenue beyond ticketing and food service.

Geography

Venu is headquartered in Colorado and operates primarily in the United States, with venue development and restaurant activity concentrated in selected domestic markets. Its disclosed projects include Colorado Springs, McKinney, Texas, Broken Arrow, Oklahoma, and El Paso, Texas, reflecting a strategy of building destination venues in growth markets.

Risks

Venu depends on successful venue development, permitting, and capital formation, so delays or funding shortfalls can affect project timelines and operating scale. Its business is also exposed to discretionary consumer spending, event attendance variability, construction execution risk, and dilution or complexity from non-controlling interests and structured financing arrangements.

Sorted by severity
Development and funding riskHigh

New amphitheaters and campuses require substantial upfront capital before revenue ramps.

ExposureMcKinneyBroken ArrowEl Paso projects
Consumer demand cyclicalityHigh

Ticket sales, restaurant traffic, and event spending depend on discretionary demand.

ExposureConcertsDiningVenue rentals
Construction and permitting delaysMedium

Project timelines can slip due to zoning, approvals, labor, or contractor issues.

Exposure: Amphitheater and campus buildouts

Ownership and dilution complexityMedium

Third-party interests and voting/control structures can reduce economic transparency.

ExposureSuite interestsNon-controlling interestsRelated entities

Accounting

Judgemental items
Revenue recognition across multiple streams

Restaurant sales, ticket fees, rentals, and sponsorships may be recognized at different points in time.

Impact: Affects quarterly comparability and mix of reported revenue

Fair value measurement of private securities and warrants

The company uses private financing and equity-linked instruments that require valuation estimates.

Impact: Can materially affect equity compensation and other non-cash items

Non-controlling interests and related-party structures

Third-party investors hold interests in venue entities and suite rights.

Impact: Affects attribution of earnings and balance sheet presentation

Impairment and useful-life estimates

Venue campuses and related assets require judgment on lives and recoverability.

Impact: Can change depreciation and impairment charges

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Venu Holding Corp (VENU) Revenue, Earnings & Financials 2025 – Clarifo