Venu Holding Corporation Reports First Quarter Fiscal 2026 Financial Results

Venu Holding Corporation Reports First Quarter Fiscal 2026 Financial Results COLORADO SPRINGS, Colo.--( BUSINESS WIRE)-- Venu Holding Corporation ("VENU" or the "Company") (NYSE American: VENU), owner, operator, and developer of premium live entertainment destinations, today announced results for its fiscal first quarter ended March 31, 2026

Total Assets Increased to $461.3 Million, Up 25% from Year-End 2025

“We had a busy start to fiscal 2026, with significant progress executing on our strategy to bring a new asset class to live entertainment,” said J.W. Roth, Founder, Chairman, and Chief Executive Officer of VENU ®. “Conversations with municipalities continue to gain momentum, with more than 45 municipalities currently in active discussion about bringing a VENU concept into their city limits. And subsequent to quarter end we announced a new planned development at the Bend in Chattanooga, Tennessee, which we believe represents a tremendous opportunity for the VENU brand.

As we look back on the fiscal first quarter, we are proud of the progress we have made. Our total assets increased to $461.3 million, up 25% from year-end, as we continue to get closer to completing our new state-of-the-art immersive venues. On the sponsorship front, we announced a new multi-year partnership with PepsiCo as our official beverage partner across our portfolio of Sunset Amphitheater venues, as well as an expanded partnership with Aramark Sports and Entertainment.

On the capital front we closed an $86.25 million equity capital raise in one of the most volatile market stretches in recent history. We also launched several new product offerings for our Luxe FireSuites™, to meet demand at all levels and support continued development of our venues.

Looking ahead, our model is working. The conviction has never been stronger. And the plan is being executed at every level. We are excited for what is next.”

Financial Highlights for the First Quarter Fiscal 2026 Ended March 31, 2026

Operational and Strategic Highlights for the First Quarter Fiscal 2026:

Venue Development

Team & Leadership

Market Recognition & Brand

Subsequent Events: April 1, 2026, through May 15, 2026

Conference Call Details

Friday, May 15, 2026, at 11:00 a.m. Eastern Time

North America Toll Free Dial-In Number

+1 833-461-5787

International Toll Dial-In Number

+1 585-542-9983

Conference ID

966483815

Webcast Link

https://events.q4inc.com/attendee/966483815

Conference Call Replay

https://investors.venu.live

Source: Venu Holding Corporation

About Venu Holding Corporation

Venu Holding Corporation ("VENU") (NYSE American: VENU) is a premier owner, developer, and operator of luxury, experience-driven entertainment destinations. Founded by Colorado Springs entrepreneur J.W. Roth, VENU ® has a portfolio of premium brands that includes Ford Amphitheater, Sunset Amphitheaters, Phil Long Music Hall, The Hall at Bourbon Brothers, Bourbon Brothers Smokehouse and Tavern, Aikman Owners Clubs, and Roth’s Sea & Steak. With venues operating and in development across Colorado, Georgia, Oklahoma, Tennessee, and Texas and a nationwide expansion underway, VENU is setting a new standard for live entertainment.

VENU has been recognized nationally by The Wall Street Journal, The New York Times, Billboard, VenuesNow, and Variety for its innovative and disruptive approach to live entertainment. Through strategic partnerships with industry leaders such as AEG Presents, NFL Hall of Famer and Founder of EIGHT Elite Light Beer, Troy Aikman, Aramark Sports + Entertainment, Tixr, Niall Horan, and Dierks Bentley, VENU continues to shape the future of the entertainment landscape. For more information, visit VENU’s website, Instagram, LinkedIn, or X.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Venu believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law.

(1) Appraisal Disclosures

These appraisals used the cost basis, income, and comparable sales approaches to valuation and, after reconciliation, came to the appraised values of the properties. These approaches to valuation are commonly used approaches to value for appraisal of commercial properties, as opposed to assigning a valuation on the properties based solely on the cost basis of the properties. The total appraisal for the Colorado Springs campus includes a 5.5-acre parking lot that was later sold through a sale-leaseback transaction in November 2025 for $14 million. At the time of the original appraisal, that parcel was valued at $9.2 million. It is important to understand that the appraisal of VENU’s properties takes into account, among other factors, the valuation of the Company’s real estate and developments at a specific point in time, and the appraised value is subject to (and likely to) change at any time, whether it increases or decreases, and such changes could be caused by macro and micro factors over which we have no control. The appraisal of the property portfolio is only an estimate of its value as to the date of the appraisal and based only on the specific appraisal methodologies and should not be relied upon as a measure of its realized value or the value at which any property could be sold to a third party. Other appraisal methodologies may yield materially different appraised value. Furthermore, the appraised value of the properties differs from the values assigned to it under generally accepted accounting principles in the United Stated (“GAAP”), which require the values of the properties to be valued at their cost basis for financial presentation purposes, and therefore the appraised values represent an unaudited measure that may not represent fair value, as defined under GAAP, and such values and appraisals are not, and will not be, subject to audit or other review procedures by our outside independent accountants.

The opinions expressed in the appraisal are based on estimates and forecasts that are prospective in nature and subject to certain risks and uncertainties. Events may occur that could cause the performance of the properties to materially differ from the estimates utilized by the appraiser, such as changes in the economy, interest rates, capitalization rates, the financial strength of the live-music and entertainment industries, and the behavior of event attendees, investors, lenders, and municipalities. The Company reviews each appraisal of its properties to confirm that the information provided to the appraiser is accurately reflected in the appraisal, but it does not validate the methodologies, inputs, and professional judgment utilized by the certified appraiser.

2026

2025

56,601,278

41,306,358

512,228

474,467

2,624,672

2,546,523

59,738,178

44,327,348

381,609,228

305,947,277

127,878

144,558

17,164,052

17,397,009

1,999,999

555,262

153,358

183,582

401,609,777

326,227,687

461,347,955

370,555,035

43,415,266

25,129,485

10,141,490

27,847,751

475,467

577,360

1,906,770

1,542,564

591,976

605,261

223,333

1,198,400

1,026,300

8,168,147

400,108

Total current liabilities

66,120,849

57,352,162

16,737,525

16,886,027

9,493,702

8,951,600

1,917,629

1,907,530

35,607,861

30,038,214

56,450,476

56,568,151

186,328,042

171,703,684

15,120,000

10,125,000

58,037

42,961

380

304

273,159,150

201,188,680

(105,211,275

)

(91,454,930

)

168,006,292

109,777,015

(7,900,352

)

(7,899,600

)

160,105,940

101,877,415

99,793,973

86,848,936

259,899,913

188,726,351

461,347,955

370,555,035

2026

2025

2,424,386

2,044,916

854,811

980,439

621,406

473,804

3,900,603

3,499,159

643,691

497,840

717,715

724,064

1,518,745

998,947

481,712

364,377

7,693,271

6,740,311

1,955,932

11,340,620

2,375,792

1,375,364

15,386,858

22,041,523

(11,486,255

)

(18,542,364

)

(2,978,733

)

(922,886

)

20,795

32,500

(2,957,938

)

(890,386

)

(14,444,193

)

(19,432,750

)

(687,848

)

(1,369,020

)

(13,756,345

)

(18,063,730

)

(147,870

)

(13,904,215

)

(18,063,730

)

304,990

379,990

(0.29

)

(0.48

)

47,074,491

37,488,778

(0.29

)

(0.48

)

(14,444,193

)

(19,432,750

)

55,957

218,760

1,560,099

11,240,620

312,500

100,000

400,314

641,609

428,271

92,107

2,375,792

1,375,364

(37,761

)

24,256

(78,149

)

(66,616

)

30,224

(141,756

)

18,285,781

(1,491,784

)

(17,854,131

)

(2,855,792

)

(101,893

)

24,900

364,206

476,447

(357,101

)

(92,350

)

542,102

850,000

(8,517,982

)

(9,036,985

)

(65,861,545

)

(22,048,943

)

(1,999,999

)

(65,861,545

)

(24,048,942

)

6,000,000

5,453,000

4,995,000

21,796,023

57,360,000

5,315,902

15,967,250

(166,579

)

(82,245

)

(4,500,000

)

(2,000,000

)

(578,899

)

(105,426

)

89,674,447

19,779,579

15,294,920

(13,306,348

)

41,306,358

37,969,454

56,601,278

24,663,106

241,111

139,119

12,215,475

25,000,000

147,870

526,329