--- title: "Venu | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 3.901 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286563762.md" datetime: "2026-05-15T12:18:36.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286563762.md) - [en](https://longbridge.com/en/news/286563762.md) - [zh-HK](https://longbridge.com/zh-HK/news/286563762.md) --- # Venu | 10-Q: FY2026 Q1 Revenue Beats Estimate at USD 3.901 M Revenue: As of FY2026 Q1, the actual value is USD 3.901 M, beating the estimate of USD 3.75 M. EPS: As of FY2026 Q1, the actual value is USD -0.29, missing the estimate of USD -0.24. EBIT: As of FY2026 Q1, the actual value is USD -8.508 M. #### Segment Revenue - **Total Revenues, Net**: Increased by 11% to $3,900,603 for the three months ended March 31, 2026, from $3,499,159 in the prior year. - **Restaurant including Food and Beverage Revenue, Net**: Increased by 19% to $2,424,386 for the three months ended March 31, 2026, from $2,044,916 in the prior year. - **Event Center Ticket and Fees Revenue, Net**: Decreased by -13% to $854,811 for the three months ended March 31, 2026, from $980,439 in the prior year. - **Rental and Sponsorship Revenue, Net**: Increased by 31% to $621,406 for the three months ended March 31, 2026, from $473,804 in the prior year. - **Amphitheater Operations Net Profits**: Increased by 116% to $409,119 for the three months ended March 31, 2026, from $189,333 in the prior year, driven by higher net amphitheater revenue from profit sharing and amortization of prepaid licenses. #### Operational Metrics - **Total Operating Costs**: Decreased by -30% to $15,386,858 for the three months ended March 31, 2026, from $22,041,523 in the prior year. - **Food and Beverage Costs**: Increased by $145,851 for the three months ended March 31, 2026, due to increased sales volumes and premium ingredients. - **Event Center Costs**: Remained consistent for the three months ended March 31, 2026, compared to the prior year. - **Labor Costs**: Increased by $519,798 for the three months ended March 31, 2026, primarily due to hiring for Roth’s Sea & Steak. - **Rent Costs**: Increased by $117,335 for the three months ended March 31, 2026, due to higher annual base rents, property taxes, insurance expenses, and a leased parking lot. - **General and Administrative Expenses**: Increased by $952,960 for the three months ended March 31, 2026, due to expansion efforts, marketing, and a new promotional campaign. - **Equity Compensation**: Decreased by - $9,384,688 for the three months ended March 31, 2026, primarily due to a lower weighted average exercise price of granted warrants and options and reduced volatility assumptions. - **Depreciation and Amortization Costs**: Increased by $1,000,428 for the three months ended March 31, 2026, mainly due to assets purchased for Fine Dining & Hospitality Collection venues and a corporate aircraft. - **Loss from Operations**: Decreased by -38% to - $11,486,255 for the three months ended March 31, 2026, from - $18,542,364 in the prior year. - **Net Loss**: Decreased by -26% to - $14,444,193 for the three months ended March 31, 2026, from - $19,432,750 in the prior year. - **Net Loss Attributable to Venu**: Decreased by -24% to - $13,756,345 for the three months ended March 31, 2026, from - $18,063,730 in the prior year. - **Net Loss Attributable to Common Stockholders**: Decreased by -23% to - $13,904,215 for the three months ended March 31, 2026, from - $18,063,730 in the prior year. - **Basic and Diluted Net Loss per Share of Common Stock**: - $0.29 for the three months ended March 31, 2026, compared to - $0.48 in the prior year. - **Interest Expense, Net**: Increased by $2,055,847 for the three months ended March 31, 2026, primarily due to obligations to triple net lease interest holders. - **Property and Equipment, Net**: Increased by 25% to $381,609,228 as of March 31, 2026, from $305,947,277 as of December 31, 2025. #### Cash Flow - **Net Cash Used in Operating Activities**: - $8,517,982 for the three months ended March 31, 2026, compared to - $9,036,985 in the prior year, representing an increase in cash used of $519,003. - **Net Cash Used in Investing Activities**: - $65,861,545 for the three months ended March 31, 2026, compared to - $24,048,942 in the prior year, an increase in cash used of $41,812,603, primarily due to increased purchase of property and equipment. - **Net Cash Provided by Financing Activities**: $89,674,447 for the three months ended March 31, 2026, compared to $19,779,579 in the prior year, an increase of $69,894,868, primarily due to the issuance of Common Stock, Common Warrants, and Pre-Funded Warrants through a registered offering in March 2026. - **Cash and Cash Equivalents at End of Period**: $56,601,278 as of March 31, 2026, compared to $24,663,106 in the prior year. #### Unique Metrics and Strategic Summary - **NNN Firesuite Liability**: As of March 31, 2026, the balance was $36,806,261, reflecting initial proceeds and accreted interest. - **Warrants and Stock Options**: As of March 31, 2026, 38,890,117 warrants and stock options were outstanding, with an aggregate intrinsic value of $2,529,016, and unrecognized compensation cost related to non-vested warrants totaled $13,455,808. - **Property and Equipment Growth**: Venu Holding Corporation’s property and equipment, net, grew by 25% from December 31, 2025, to March 31, 2026, reaching $381,609,228, reflecting ongoing development and construction of new venues. - **Venue Expansion**: Venu Holding Corporation continues to expand its portfolio with new venues planned or under development, including BBP Centennial (expected early to mid-2027), The Sunset BA (expected Fall 2026), The Sunset McKinney (expected Q1 2027), The Sunset El Paso (expected Fall 2027), and The Sunset Houston (expected Spring 2028). #### Future Outlook and Strategy Venu Holding Corporation anticipates improved profitability in 2026 from its operating venues and restaurants in Colorado Springs, Colorado, and Gainesville, Georgia, driven by a full season of operations for Ford Amphitheater and the contribution of Roth’s Sea & Steak. The company expects continued growth in amphitheater revenue with the opening of The Sunset BA in Fall 2026. Venu Holding Corporation plans to raise additional capital through private sales of membership interests in subsidiary entities and equity/debt financing to fund ongoing construction and future expansion into new markets, although there is no guarantee these plans will be realized. ### Related Stocks - [VENU.US](https://longbridge.com/en/quote/VENU.US.md) ## Related News & Research - [Venu Reports Expansion Plan Into Tennessee With $300 Million Amphitheater](https://longbridge.com/en/news/286123397.md) - [Venu Holding Corporation Announces Termination of Proposed Public Offering | VENU Stock News](https://longbridge.com/en/news/274075202.md) - [Venu (NYSEAMERICAN:VENU) Releases Quarterly Earnings Results, Beats Estimates By $0.13 EPS](https://longbridge.com/en/news/281293148.md) - [Venu Flat on Hall-of-Famer’s Visit](https://longbridge.com/en/news/280807451.md) - [Venu (VENU) to Release Earnings on Monday](https://longbridge.com/en/news/280506319.md)