VENU Venu Holding Corp

Overview and Growth

In fiscal 2025, Venu Holding Corp recorded $17.90M of revenue, net loss of $44.09M, and an operating cash inflow of $7.65M. The $17.90M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 0.4% above fiscal 2024 revenue of $17.83M, marking a year-over-year increase. The company reported diluted EPS of -$1.10, adding a shareholder-level measure to the absolute income figures considered below. A diluted share base of 39.98M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. The diluted share count was 243.4% higher than fiscal 2024, when diluted shares averaged 11.64M, adding context to the EPS comparison. The company employed $370.56M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.05x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The reported operating result was an operating loss of $46.13M, reflecting costs that exceeded gross profit. An operating margin of -257.8% reflected costs exceeding revenue-level gross profit by 257.8% of sales. The company ended the period with a net loss of $44.09M, extending the operating result through all remaining items. Measured against revenue, the bottom-line deficit represented 246.4% after all recognized items. Negative EBITDA totaled $39.96M, confirming that the earnings deficit remained before depreciation and amortization. The company reported a pretax loss of $50.78M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 283.7%. The loss-to-equity relationship was 23.4%, placing the bottom-line deficit against shareholder capital. Relative to total assets, the net loss represented 11.9%. Compared with a $30.34M net loss in fiscal 2024, the current loss increased to $44.09M.

Liquidity and Capital Structure

The company held $370.56M of assets against $171.70M of liabilities and $188.73M of equity, revealing how the asset base was financed. The near-term balance sheet paired $44.33M of current assets with $57.35M of current liabilities at the reporting date. The current ratio was 0.77x; current liabilities exceeded current assets, leaving a short-term liquidity deficit. The company carried $56.57M of total debt at period end, which frames its leverage and debt-service burden. Debt equaled 0.3x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 15.3%, showing how much of the asset base was matched by borrowing. Equity equaled 50.9% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 46.3% of total assets, quantifying the liability-funded share of the company’s resource base. Compared with $178.42M in fiscal 2024, the current asset base moved 107.7% and finished higher. Reported equity changed 44.3% from $130.82M in fiscal 2024, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $7.65M, a reported cash inflow that can be compared directly with net income and capital spending. Capital spending was $141.66M, absorbing part of the cash generated from operations before free cash flow. The company recorded a $134.01M cash deficit after capital spending for the period. The free-cash-flow deficit equaled 748.8% of revenue, showing the post-investment cash shortfall relative to sales. The free-cash-flow deficit equaled 36.2% of total assets, placing the cash shortfall against the company’s resource base. Operating cash flow of $7.65M finished above fiscal 2024 operating cash flow of $3.76M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.