Venu Holding Corporation Financials
This page shows Venu Holding Corporation (VENU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
VENU is in a capital-heavy build phase, with asset expansion and funding needs rising much faster than revenue.
By FY2025, revenue was essentially flat year over year at about$17.9M while capital spending reached$141.7M ; with total assets more than doubling, the business is still turning financing into capacity faster than it turns that capacity into sales. The less obvious part is that operating cash flow stayed positive at$7.6M despite a net loss of-$44.1M , so the biggest cash drain is expansion spending, not the core cash cycle.
The balance sheet became meaningfully tighter in FY2025: the current ratio fell from 1.6x to 0.8x as current liabilities moved above current assets. That means short-term obligations are now leaning more on continued financing access than on near-term liquid resources.
Funding shifted toward a more leveraged posture, with debt to equity rising from 0.15x to 0.46x. Financing cash inflow of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Venu Holding Corporation's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Venu Holding Corporation has an operating margin of -257.8%, meaning the company retains $-258 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -153.5% the prior year.
Venu Holding Corporation's revenue grew a modest 0.4% year-over-year to $17.9M. This slow but positive growth earns a score of 65/100.
Venu Holding Corporation carries a low D/E ratio of 0.56, meaning only $0.56 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 91/100, indicating a strong balance sheet with room for future borrowing.
Venu Holding Corporation's current ratio of 0.77 is below the typical benchmark, resulting in a score of 10/100. However, the company holds substantial cash reserves (72% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
While Venu Holding Corporation generated $7.6M in operating cash flow, capex of $141.7M consumed most of it, leaving -$134.0M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Venu Holding Corporation generates a -43.3% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -31.7% the prior year.
Venu Holding Corporation passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Venu Holding Corporation generates $-0.17 in operating cash flow ($7.6M OCF vs -$44.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Venu Holding Corporation earns $-10.1 in operating income for every $1 of interest expense (-$46.1M vs $4.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Venu Holding Corporation generated $17.9M in revenue in fiscal year 2025. This represents an increase of 0.4% from the prior year.
Venu Holding Corporation's EBITDA was -$40.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 68.2% from the prior year.
Venu Holding Corporation reported -$44.1M in net income in fiscal year 2025. This represents a decrease of 45.3% from the prior year.
Venu Holding Corporation earned $-1.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 27.9% from the prior year.
Cash & Balance Sheet
Venu Holding Corporation generated -$134.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 95.0% from the prior year.
Venu Holding Corporation held $41.3M in cash against $56.6M in long-term debt as of fiscal year 2025.
Venu Holding Corporation had 43M shares outstanding in fiscal year 2025. This represents an increase of 14.4% from the prior year.
Margins & Returns
Venu Holding Corporation's operating margin was -257.8% in fiscal year 2025, reflecting core business profitability. This is down 104.3 percentage points from the prior year.
Venu Holding Corporation's net profit margin was -246.4% in fiscal year 2025, showing the share of revenue converted to profit. This is down 76.2 percentage points from the prior year.
Venu Holding Corporation's ROE was -43.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.6 percentage points from the prior year.
Capital Allocation
Venu Holding Corporation invested $141.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 95.4% from the prior year.
VENU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.9M-13.8% | $4.5M-16.0% | $5.4M+20.0% | $4.5M+28.2% | $3.5M-18.0% | $4.3M-21.7% | $5.5M+30.6% | $4.2M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $7.7M-35.5% | $11.9M+21.6% | $9.8M+16.0% | $8.5M+25.6% | $6.7M-29.5% | $9.6M+100.0% | $4.8M+1367.9% | $325K |
| Operating Income | -$11.5M-57.1% | -$7.3M+26.7% | -$10.0M+3.2% | -$10.3M+44.4% | -$18.5M-190.5% | -$6.4M-73.6% | -$3.7M+15.5% | -$4.4M |
| Interest Expense | $128K-89.2% | $1.2M+250.3% | $338K-83.1% | $2.0M+91.2% | $1.1M-36.2% | $1.6M | $0-100.0% | $1.2M |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$13.8M-86.8% | -$7.4M-15.8% | -$6.4M+48.3% | -$12.3M+31.9% | -$18.1M-226.1% | -$5.5M-40.9% | -$3.9M+25.4% | -$5.3M |
| EPS (Diluted) | $-0.29 | N/A | $-0.15-150.0% | $0.30+162.5% | $-0.48 | N/A | $-0.13 | N/A |
VENU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $461.3M+24.5% | $370.6M+17.7% | $314.8M+30.1% | $242.0M+13.7% | $212.9M+19.3% | $178.4M+7.1% | $166.6M | N/A |
| Current Assets | $59.7M+34.8% | $44.3M-27.0% | $60.7M+56.3% | $38.9M+50.8% | $25.8M-34.0% | $39.0M+1.2% | $38.6M | N/A |
| Cash & Equivalents | $56.6M+37.0% | $41.3M-29.0% | $58.2M+55.4% | $37.4M+51.8% | $24.7M-35.0% | $38.0M+6.1% | $35.8M | N/A |
| Inventory | $512K+8.0% | $474K+151.2% | $189K-2.7% | $194K-3.4% | $201K-10.8% | $225K-0.7% | $227K | N/A |
| Accounts Receivable | N/A | $226K-83.8% | $1.4M+1669.6% | $79K-59.5% | $194K0.0% | $194K | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $301.2M+12.1% | $268.7M+38.7% | $193.7M+27.5% | $151.9M+12.9% | $134.5M+182.6% | $47.6M-45.4% | $87.2M | N/A |
| Current Liabilities | $66.1M+15.3% | $57.4M+90.9% | $30.1M+110.4% | $14.3M+50.6% | $9.5M-61.3% | $24.5M-20.0% | $30.6M | N/A |
| Long-Term Debt | $56.5M-0.2% | $56.6M-4.0% | $58.9M+31.5% | $44.8M-18.0% | $54.7M+287.7% | $14.1M+0.7% | $14.0M | N/A |
| Total Equity | $160.1M+57.2% | $101.9M-15.9% | $121.2M+34.3% | $90.2M+15.1% | $78.4M-18.1% | $95.7M+20.6% | $79.4M-26.2% | $107.6M |
| Retained Earnings | -$105.2M-15.0% | -$91.5M-9.9% | -$83.2M-8.3% | -$76.8M-17.5% | -$65.4M-38.1% | -$47.4M-15.3% | -$41.1M | N/A |
VENU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$8.5M-166.4% | $12.8M+103.8% | $6.3M+357.3% | -$2.4M+72.9% | -$9.0M+5.7% | -$9.6M-232.7% | $7.2M-18.2% | $8.8M |
| Capital Expenditures | $65.9M+1.0% | $65.2M+66.3% | $39.2M+158.6% | $15.2M-31.2% | $22.0M+102.9% | $10.9M-64.2% | $30.4M+36.1% | $22.3M |
| Free Cash Flow | -$74.4M-42.0% | -$52.4M-59.2% | -$32.9M-86.9% | -$17.6M+43.4% | -$31.1M-52.0% | -$20.4M+11.6% | -$23.1M-71.6% | -$13.5M |
| Investing Cash Flow | -$65.9M-14.3% | -$57.6M-57.5% | -$36.6M-141.2% | -$15.2M+36.9% | -$24.0M-121.3% | -$10.9M+64.2% | -$30.4M-36.5% | -$22.2M |
| Financing Cash Flow | $89.7M+221.2% | $27.9M-45.3% | $51.0M+68.0% | $30.4M+53.6% | $19.8M-12.6% | $22.6M+39.8% | $16.2M-6.8% | $17.4M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VENU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -294.5%-132.9pp | -161.6%+23.6pp | -185.2%+44.5pp | -229.7%+300.2pp | -529.9%-380.3pp | -149.6%-82.1pp | -67.4%+36.8pp | -104.2% |
| Net Margin | -352.7%-189.9pp | -162.7%-44.6pp | -118.1%+156.0pp | -274.2%+242.0pp | -516.2%-386.4pp | -129.8%-57.7pp | -72.1%+54.1pp | -126.2% |
| Return on Equity | -8.6%-1.4pp | -7.2%-2.0pp | -5.3%+8.4pp | -13.6%+9.4pp | -23.1%-17.3pp | -5.8%-0.8pp | -5.0%-0.1pp | -4.9% |
| Return on Assets | -3.0%-1.0pp | -2.0%+0.0pp | -2.0%+3.1pp | -5.1%+3.4pp | -8.5%-5.4pp | -3.1%-0.7pp | -2.4% | N/A |
| Current Ratio | 0.90+0.1 | 0.77-1.2 | 2.02-0.7 | 2.720.0 | 2.72+1.1 | 1.59+0.3 | 1.26 | N/A |
| Debt-to-Equity | 0.35-0.2 | 0.56+0.1 | 0.49-0.0 | 0.50-0.2 | 0.70+0.6 | 0.15-0.0 | 0.18 | N/A |
| FCF Margin | -1906.9%-749.3pp | -1157.6%-546.3pp | -611.3%-218.9pp | -392.4%+496.0pp | -888.4%-409.3pp | -479.1%-54.7pp | -424.4%-101.5pp | -322.9% |
Note: The current ratio is below 1.0 (0.77), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Venu Holding Corporation's annual revenue?
Venu Holding Corporation (VENU) reported $17.9M in total revenue for fiscal year 2025. This represents a 0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Venu Holding Corporation's revenue growing?
Venu Holding Corporation (VENU) revenue grew by 0.4% year-over-year, from $17.8M to $17.9M in fiscal year 2025.
Is Venu Holding Corporation profitable?
No, Venu Holding Corporation (VENU) reported a net income of -$44.1M in fiscal year 2025, with a net profit margin of -246.4%.
What is Venu Holding Corporation's EBITDA?
Venu Holding Corporation (VENU) had EBITDA of -$40.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Venu Holding Corporation have?
As of fiscal year 2025, Venu Holding Corporation (VENU) had $41.3M in cash and equivalents against $56.6M in long-term debt.
What is Venu Holding Corporation's operating margin?
Venu Holding Corporation (VENU) had an operating margin of -257.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Venu Holding Corporation's net profit margin?
Venu Holding Corporation (VENU) had a net profit margin of -246.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Venu Holding Corporation's return on equity (ROE)?
Venu Holding Corporation (VENU) has a return on equity of -43.3% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Venu Holding Corporation's free cash flow?
Venu Holding Corporation (VENU) generated -$134.0M in free cash flow during fiscal year 2025. This represents a -95.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Venu Holding Corporation's operating cash flow?
Venu Holding Corporation (VENU) generated $7.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Venu Holding Corporation's total assets?
Venu Holding Corporation (VENU) had $370.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Venu Holding Corporation's capital expenditures?
Venu Holding Corporation (VENU) invested $141.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Venu Holding Corporation's current ratio?
Venu Holding Corporation (VENU) had a current ratio of 0.77 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Venu Holding Corporation's debt-to-equity ratio?
Venu Holding Corporation (VENU) had a debt-to-equity ratio of 0.56 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Venu Holding Corporation's return on assets (ROA)?
Venu Holding Corporation (VENU) had a return on assets of -11.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Venu Holding Corporation's Piotroski F-Score?
Venu Holding Corporation (VENU) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Venu Holding Corporation's earnings high quality?
Venu Holding Corporation (VENU) has an earnings quality ratio of -0.17x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Venu Holding Corporation cover its interest payments?
Venu Holding Corporation (VENU) has an interest coverage ratio of -10.1x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Venu Holding Corporation?
Venu Holding Corporation (VENU) scores 28 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.