Revenue growth remains highly inconsistent, characterized by a 58.4% decline in 2025Q3 and a recent gross margin collapse to -84.9% in 2026Q1.
| Sales/Revenue | 15.18M | 17.9M | 17.83M | 12.6M | 8.66M |
| Revenue Growth % | -12.71% | 0.35% | 41.57% | 45.52% | - |
| Cost of Goods Sold | 16.15M | 12.45M | 10.71M | 7.77M | 5.36M |
| COGS % of Revenue | - | 69.57% | 60.05% | 61.69% | 61.88% |
| Gross Profit | -970.54K | 5.45M | 7.13M | 4.83M | 3.3M |
| Gross Margin % | -6.39% | 30.43% | 39.95% | 38.31% | 38.12% |
| Gross Profit Growth % | - | -23.56% | 47.64% | 46.23% | - |
| Operating Expenses | 45M | 58.48M | 34.5M | 15.96M | 8.06M |
| OpEx % of Revenue | - | 326.75% | 193.47% | 126.68% | 93.16% |
| Selling, General & Admin | 40.73M | 52.3M | 30.85M | 815.23K | 676.17K |
| SG&A % of Revenue | - | 292.23% | 172.97% | 6.47% | 7.81% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 2.8M | 6.18M | 3.66M | 15.14M | 7.39M |
| Operating Income | -45.98M | -53.03M | -27.38M | -11.13M | -4.76M |
| Operating Margin % | -302.81% | -296.31% | -153.51% | -88.37% | -55.03% |
| Operating Income Growth % | - | -93.7% | -145.94% | -133.67% | - |
| EBITDA | -38.8M | -46.85M | -23.72M | -9.25M | -3.59M |
| EBITDA Margin % | -255.53% | -261.8% | -133.01% | -73.47% | -41.44% |
| EBITDA Growth % | -35.99% | -97.51% | -156.32% | -157.97% | - |
| D&A (Non-Cash Add-back) | 7.18M | 6.18M | 3.66M | 1.88M | 1.18M |
| EBIT | -35.65M | -46.2M | -31.96M | -11.06M | -7.62M |
| Net Interest Income | -7.28M | -4.58M | -3.2M | -311.52K | -384.97K |
| Interest Income | -127.49K | 0 | 705.73K | 20.15K | 12.15K |
| Interest Expense | 7.15M | 4.58M | 3.91M | 331.67K | 397.12K |
| Other Income/Expense | 3.01M | 2.25M | -5.57M | -254.63K | -3.25M |
| Pretax Income | -42.97M | -50.78M | -32.95M | -11.39M | -8.02M |
| Pretax Margin % | -282.99% | -283.74% | -184.75% | -90.39% | -92.62% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | -39.89M | -44.09M | -30.34M | -10.52M | -6.92M |
| Net Margin % | -262.73% | -246.37% | -170.12% | -83.54% | -79.98% |
| Net Income Growth % | -21.6% | -45.33% | -188.28% | -52.01% | - |
| Net Income (Continuing) | -42.97M | -50.78M | -32.95M | -11.39M | -8.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 99.79M | 65.98M | 35.09M | 31.23M | 22.79M |
| EPS (Diluted) | -130.79 | -1.10 | -0.81 | -0.28 | -0.18 |
| EPS Growth % | -10.34% | -35.8% | -189.29% | -55.56% | - |
| EPS (Basic) | - | -1.11 | -0.81 | -0.28 | -0.18 |
| Diluted Shares Outstanding | 304.99K | 36.36M | 37.31M | 37.66M | 37.66M |
| Basic Shares Outstanding | 304.99K | 36.36M | 37.31M | 37.66M | 37.66M |
| Dividend Payout Ratio | - | - | - | - | - |
Unsustainable operating burn rate
According to the provided quarterly financial data, VENU's revenue growth remains highly inconsistent, fluctuating between a 58.4% decline in 2025Q3 and an 11.5% increase in 2026Q1, suggesting that the company has yet to establish a predictable or scalable top-line trajectory for its integrated entertainment model.
The erratic revenue performance indicates that the company's reliance on event-based income and new venue openings creates significant volatility. Investors should monitor whether the recent 11.5% growth in 2026Q1 represents a sustainable shift or merely a seasonal anomaly in the concert and hospitality calendar.
As reported in the income statement history, VENU's gross margin has experienced extreme swings, collapsing to -84.9% in 2026Q1 from a peak of 52.8% in 2024Q3, which highlights the precarious nature of the company's current cost-of-goods-sold management relative to its hospitality and venue operations.
The negative gross margin in the most recent quarter suggests that the direct costs of operating the venues and restaurants are currently exceeding the revenue generated, potentially due to inefficient labor utilization or supply chain pressures. This lack of structural margin stability makes it difficult to forecast when the company might achieve a contribution-positive state.
Based on the financial figures, VENU's operating expenses have consistently dwarfed gross profit, resulting in an operating margin of -296.31% in recent periods, which indicates that the corporate structure is currently far too heavy for the company's limited revenue-generating capacity.
The massive disparity between SG&A and gross profit suggests that the company is investing heavily in corporate infrastructure and development ahead of actual operational scale. Without a significant increase in revenue, this high fixed-cost burden appears to be a primary driver of the company's ongoing net losses.
Analysis of the income statement reveals that stock-based compensation, which reached $11.3 million in 2025Q1, frequently represents a significant portion of the company's expenses, complicating the assessment of true operational performance and diluting the quality of reported net income figures.
The heavy reliance on equity-based incentives during periods of deep operating losses warrants further investigation into management's alignment with shareholder interests. Investors should adjust for these non-cash charges to better understand the underlying cash burn and the true economic cost of the company's current expansion strategy.
Quick answers to the most common questions about buying VENU stock.
For fiscal year 2025, Venu Holding Corporation (VENU) reported total revenue of $17.9M. This represents a 106.7% increase compared to $8.7M in 2022.
Venu Holding Corporation (VENU) reported a net loss of $44.1M for the fiscal year ending 2025.
Venu Holding Corporation (VENU) reported an operating income of $-53.0M, resulting in an operating profit margin of -296.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Venu Holding Corporation (VENU) generated $5.4M in gross profit for the year, representing a gross profit margin of 30.4%. This demonstrates the company's core pricing power and production efficiency.