Venu
Develops and operates U.S. live-entertainment campuses combining music venues, dining, and premium hospitality.
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Profile
Develops U.S. destination campuses that pair music venues with restaurants, bars, suites, and event space. Revenue comes from dining, tickets and fees, rentals, sponsorships, parking, and shared venue economics, while site development is financed through municipal incentives, premium-use programs, debt, sale-leasebacks, and equity.
Develops destination campuses in U.S. markets it considers underserved by premium live entertainment, combining music halls or amphitheaters with restaurants, bars, premium suites, and event space. Directly operates its restaurants and smaller indoor halls in Colorado Springs and Gainesville.
Current brands include Bourbon Brothers Smokehouse & Tavern, Phil Long Music Hall, Ford Amphitheater, Roth’s Sea & Steak, and Brohan’s. Operating revenue comes from food and beverage, tickets and service fees, rentals, parking, naming rights, sponsorships, and a share of Ford venue economics after costs under AEG Presents’ operator arrangement.
Selects sites around demographics, traffic, zoning, sound, parking, artist routing, and municipal partnership criteria, then develops, finances, and expands the campuses. Large amphitheaters rely on third-party operators, while development depends on municipal agreements, premium-use sales, debt, and sale-leasebacks that can carry construction and compliance requirements.
Company facts
Key statistics
Year to date −74.5% · Average volume (30d) 419.6K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 13, 2026Q2 FY26 | −$0.29 | −$0.30 | −3.4% | $4.8M | $4.8M | 0.0% | +4.59% |
| May 15, 2026Q1 FY26 | −$0.24 | −$0.29 | −20.8% | $3.8M | $3.9M | +4.0% | −3.48% |
| Mar 31, 2026Q4 FY25 | −$0.32 | −$0.19 | +40.6% | $4.6M | $4.5M | −1.2% | +2.72% |
| Nov 14, 2025Q3 FY25 | −$0.21 | −$0.15 | +28.6% | $4.6M | $2.3M | −50.5% | −21.45% |
Financial highlights
| 11 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.5M | $4.5M | $2.3M | $4.5M | $3.9M | $4.8M | |
| Gross profit | $913.9K | $1.4M | $164.9K | $760.4K | −$3.3M | $937.9K | |
| Operating income | −$18.5M | −$10.3M | −$10.0M | −$14.2M | −$11.5M | −$15.3M | |
| Net income | −$18.1M | −$11.4M | −$6.5M | −$8.3M | −$13.8M | −$17.9M | |
| Diluted EPS | −$0.48 | −$0.30 | −$0.17 | −$0.20 | −$0.46 | −$0.30 | |
| Gross margin | 26.1% | 31.5% | 7.3% | 16.8% | -84.9% | 19.6% | |
| Operating margin | -529.9% | -229.7% | -439.5% | -314.0% | -294.5% | -319.9% |
Fiscal years (4-quarter sums)FY24 $17.8M · FY25 $14.8M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $16.3M · Total debt $183.6M · Total assets $511.8M · Shareholders' equity $151.1M
Dividends
No dividends on record.
Ownership
Shares outstanding 60.04M · Float 38.61M · 64.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Jay W. Roth · director, 10 percent owner, officer: CEO & Chairman | 9.27M | 15.44% | Form 4 | Aug 26, 2026 |
| O'Neil Kevin Wayne | 6.01M | 13.90% | 13G | Oct 14, 2025 |
| Anson Funds Management LP | 5.00M | 8.40% | 13G | Aug 14, 2026 |
| Nantahala Capital Management, LLC | 4.09M | 6.59% | 13G | May 15, 2026 |
| BlackRock, Inc. | 2.89M | 5.03% | 13G | Jul 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 25, 2026 | Thomas M. Finke | director | +54,644 | $1.95 |
| Aug 25, 2026 | Jay W. Roth | director, 10 percent owner, officer: CEO & Chairman | +1,000 | $1.90 |
| Aug 21, 2026 | Thomas M. Finke | director | +30,000 | $1.92 |
| Aug 21, 2026 | Jay W. Roth | director, 10 percent owner, officer: CEO & Chairman | +1,000 | $1.92 |
| Aug 19, 2026 | Jay W. Roth | director, 10 percent owner, officer: CEO & Chairman | +1,000 | $1.89 |
Peers
- Live Nation Entertainment
Dominant rival in concerts, venues, ticketing, and sponsorship.
- Ryman Hospitality Properties
Music venues and Ole Red blend concerts, dining, and premium hospitality.
- Madison Square Garden Entertainment
Large venues compete for touring acts, premium seats, and sponsors.
- Sphere Entertainment
Immersive premium venue challenges high-spend live-event attendance.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Venu | $2.02 | −0.74% | $121.3M | — | — | 7.8 | +7.0% |
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| Ryman Hospitality Properties | $129.33 | −0.01% | $8.16B | 31.5 | 27.0 | 3.0 | +13.6% |
| Madison Square Garden Entertainment | $78.30 | −0.04% | $3.70B | 56.7 | 32.2 | 3.5 | +27.4% |
| Sphere Entertainment | $141.68 | +0.03% | $5.10B | — | — | 3.8 | +5.4% |
| Median | 44.1 | 32.2 | 3.2 | +11.5% |