The company's financial leverage has increased significantly, with total debt rising to $120.7 million as of 2026Q1, while the current ratio has deteriorated to 0.90.
| Total Current Assets | 59.74M | 44.33M | 39.05M | 20.6M | 23.86M |
| Cash & Short-Term Investments | 56.6M | 41.31M | 37.97M | 20.2M | 23.47M |
| Cash Only | 56.6M | 41.31M | 37.97M | 20.2M | 23.47M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 270K | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 2.78 | - | - | - | - |
| Inventory | 0 | 474.47K | 225.28K | 185.75K | 87.16K |
| Days Inventory Outstanding | 4.84 | 13.91 | 7.68 | 8.72 | 5.94 |
| Other Current Assets | 2.87M | 2.55M | 850.95K | 209.22K | 297.79K |
| Total Non-Current Assets | 401.61M | 326.23M | 139.37M | 62.63M | 29.04M |
| Property, Plant & Equipment | 0 | 323.95M | 138.57M | 61.42M | 27.92M |
| Fixed Asset Turnover | 0.08x | 0.06x | 0.13x | 0.21x | 0.31x |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 127.88K | 144.56K | 211.28K | 278K | 344.71K |
| Long-Term Investments | 10.22M | 2.56M | 550K | 550K | 625.6K |
| Other Non-Current Assets | 398.93M | -421.68K | 43.02K | 375.9K | 150K |
| Total Assets | 461.35M | 370.56M | 178.42M | 83.22M | 52.9M |
| Asset Turnover | 0.04x | 0.05x | 0.10x | 0.15x | 0.16x |
| Asset Growth % | 384.04% | 107.69% | 114.38% | 57.33% | - |
| Total Current Liabilities | 66.12M | 57.35M | 24.53M | 4.92M | 3.49M |
| Accounts Payable | 43.42M | 25.13M | 7.28M | 2.57M | 1.82M |
| Days Payables Outstanding | 548.42 | 736.69 | 248.23 | 120.49 | 124.03 |
| Short-Term Debt | 9.96M | 1.43M | 11.53M | 325.25K | 338.66K |
| Deferred Revenue (Current) | 7.35M | 1.54M | 1.53M | 764.08K | 127.29K |
| Other Current Liabilities | 10.36M | 28.65M | 0 | 0 | 0 |
| Current Ratio | 0.90x | 0.77x | 1.59x | 4.19x | 6.83x |
| Quick Ratio | 0.90x | 0.76x | 1.58x | 4.15x | 6.81x |
| Cash Conversion Cycle | -540.79 | - | - | - | - |
| Total Non-Current Liabilities | 120.21M | 114.35M | 23.07M | 16.33M | 10.65M |
| Long-Term Debt | 93.98M | 88.51M | 14.1M | 11.18M | 6.99M |
| Capital Lease Obligations | 35.24M | 16.89M | 1.02M | 3.65M | 3.66M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.49M | 8.95M | 7.95M | 1.5M | 0 |
| Total Liabilities | 186.33M | 171.7M | 47.6M | 21.24M | 14.14M |
| Total Debt | 120.67M | 107.43M | 27.02M | 15.38M | 11.42M |
| Net Debt | 64.07M | 66.13M | -10.95M | -4.82M | -12.05M |
| Debt / Equity | 0.44x | 0.54x | 0.21x | 0.25x | 0.29x |
| Debt / EBITDA | -3.11x | - | - | - | - |
| Net Debt / EBITDA | -1.65x | - | - | - | - |
| Interest Coverage | -4.98x | -10.08x | -8.18x | -33.33x | -19.19x |
| Total Equity | 275.02M | 198.85M | 130.82M | 61.98M | 38.76M |
| Equity Growth % | 292.09% | 52.01% | 111.06% | 59.91% | - |
| Book Value per Share | 901.73 | 5.47 | 3.51 | 1.65 | 1.03 |
| Total Shareholders' Equity | 175.23M | 132.87M | 95.72M | 30.75M | 15.97M |
| Common Stock | 58.42K | 43.27K | 37.85K | 32.27K | 18.57K |
| Retained Earnings | -105.21M | -91.45M | -47.36M | -17.02M | -6.5M |
| Treasury Stock | -7.9M | -7.9M | -1.5M | -76 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 99.79M | 65.98M | 35.09M | 31.23M | 22.79M |
Aggressive capital expenditure burn
According to the provided quarterly financial data, VENU's total assets expanded from $83.2 million in 2023Q4 to $461.3 million by 2026Q1, yet this rapid accumulation of capital-intensive assets has failed to translate into a stable or profitable growth trajectory for the underlying business model.
The aggressive expansion of the asset base appears to be driven by heavy investment in venue infrastructure rather than organic operational success. Investors should monitor whether this rapid scaling of the balance sheet can eventually support the massive overhead currently weighing on the company's financial performance.
Based on reported financial statements, VENU's total debt has surged from $15.4 million in 2023Q4 to $120.7 million in 2026Q1, reflecting a strategic reliance on external financing to fund the development of its high-cost amphitheater and hospitality complexes in secondary markets.
The increase in the debt-to-equity ratio to 0.44 suggests that the company is increasingly reliant on leverage to sustain its capital-intensive growth strategy. This trend warrants further investigation into the company's ability to service these obligations if venue utilization rates do not improve significantly in the near term.
As indicated by the quarterly balance sheet data, VENU's net property, plant, and equipment (PPE) has grown to represent the vast majority of total assets, rising from $61.4 million in 2023Q4 to $323.9 million by 2025Q4, underscoring the company's heavy reliance on physical venue ownership.
This asset-heavy model exposes the company to significant depreciation risks and high maintenance costs that may further strain liquidity. The lack of meaningful goodwill suggests that the company is building its value through tangible real estate, which may provide some collateral value but limits operational flexibility.
According to recent balance sheet filings, VENU's current ratio has deteriorated from a peak of 5.24 in 2024Q1 to 0.90 in 2026Q1, indicating that the company's ability to cover short-term obligations is becoming increasingly constrained as cash reserves are deployed into long-term development projects.
The decline in the current ratio suggests that the company's liquidity buffer is being rapidly consumed by its aggressive expansion strategy. Investors should monitor the cash runway closely, as the current burn rate may necessitate further capital raises to maintain operations and complete ongoing venue construction.
Based on the reported figures, VENU's retained earnings have plummeted to a deficit of $105.2 million as of 2026Q1, reflecting the cumulative impact of persistent operating losses that continue to erode the company's equity base despite periodic capital injections.
The consistent decline in retained earnings highlights the fundamental challenge of achieving profitability within the current cost structure. This trend suggests that the company's equity is being primarily supported by external financing rather than internally generated value, which may pose risks to long-term shareholder interests.
Quick answers to the most common questions about buying VENU stock.
As of 2025, Venu Holding Corporation (VENU) had total assets of $370.6M including $44.3M in current assets.
Venu Holding Corporation (VENU) carries total debt of $107.4M, offset by $41.3M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Venu Holding Corporation (VENU) has total shareholders' equity (book value) of $132.9M ($5.47 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Venu Holding Corporation (VENU) reported a current ratio of 0.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.