VENU NYSE Services-Amusement & Recreation Services Financials FY2023βFY2025
Venu Holding Corp had $17.9M of revenue in fiscal 2025, up 0.4% on the year before.
Last close Β· Oct 23, 2026
$1.32
2.3%Hi! I read Venu Holding Corpβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+0.4%
Only a little. Sales grew 0.4% last year.
Does it make a profit?
β246.4%
No. It lost money last year.
Does profit turn into cash?
β748.8%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Venu Holding Corp had $17.9M of revenue in fiscal 2025, up 0.4% on the year before. Its operating margin was β257.8%, down 104.3Β pts: of every 100 in sales, about β258 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Venu Holding Corp lost $44.1M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$134M in fiscal 2025, β748.8% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $1.7M of shares on the open market and sold none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$1.7M
5 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 29, 2026 | Thomas M FinkeDirector | Bought | 50,000 | $1.52 | $0.1M | Form 4 |
| Sep 17, 2026 | Stephen Joseph CominskyDirector | Bought | 3,234 | $1.70 | $0.0M | Form 4 |
| Sep 11, 2026 | Thomas M FinkeDirector | Bought | 200,000 | $1.75 | $0.4M | Form 4 |
| Sep 11, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 200,000 | $1.75 | $0.4M | Form 4 |
| Sep 4, 2026 | Jay W RothCEO & Chairman, Director | Bought | 49 | $1.88 | $0.0M | Form 4 |
| Sep 2, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,400 | $1.83 | $0.0M | Form 4 |
| Aug 31, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 2,100 | $1.90 | $0.0M | Form 4 |
| Aug 27, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,000 | $2.02 | $0.0M | Form 4 |
| Aug 25, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,000 | $1.90 | $0.0M | Form 4 |
| Aug 25, 2026 | Thomas M FinkeDirector | Bought | 54,644 | $1.95 | $0.1M | Form 4 |
| Aug 21, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,000 | $1.92 | $0.0M | Form 4 |
| Aug 21, 2026 | Thomas M FinkeDirector | Bought | 30,000 | $1.92 | $0.1M | Form 4 |
| Aug 19, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,000 | $1.89 | $0.0M | Form 4 |
| Aug 17, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,000 | $1.84 | $0.0M | Form 4 |
| Aug 14, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 4,750 | $1.97 | $0.0M | Form 4 |
| Jul 9, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 7,850 | $2.54 | $0.0M | Form 4 |
| Jul 2, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 1,620 | $2.10 | $0.0M | Form 4 |
| May 26, 2026 | Thomas M FinkeDirector | Bought | 15,000 | $3.74 | $0.1M | Form 4 |
| Mar 10, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 62,500 | $4.00 | $0.3M | Form 4 |
| Feb 20, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 4,000 | $5.23 | $0.0M | Form 4 |
| Jan 30, 2026 | Jay W RothCEO & Chairman, Director, 10% owner | Bought | 5,000 | $5.55 | $0.0M | Form 4 |
| Dec 31, 2025 | Matthew CraddockDirector | Bought | 285 | $8.15 | $0.0M | Form 4 |
| Dec 30, 2025 | Thomas M FinkeDirector | Bought | 4,361 | $7.80 | $0.0M | Form 4 |
| Dec 26, 2025 | Thomas M FinkeDirector | Bought | 600 | $8.15 | $0.0M | Form 4 |
| Nov 18, 2025 | Kevin Wayne O'Neil10% owner | Bought plan | 39,800 | $8.41 | $0.3M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Venu Holding Corp owes $17.6M more than it holds in cash.
Cash, debt and the ratios that show how comfortably Venu Holding Corp can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY23 | FY24 | FY25 |
|---|---|---|---|
| Cash and short-term investments | $20.2M | $38.0M | $41.3M |
| Debt incl. finance leases | $11.5M | $25.6M | $58.9M |
| Debt / equity | 0.4x | 0.3x | 0.6x |
| Interest coverage | β33.6x | β8.6x | β10.1x |
| Current ratio | 4.2x | 1.6x | 0.8x |
| Quick ratio | 4.2x | 1.6x | 0.8x |
| Total assets | $83.2M | $178M | $371M |
| Total liabilities | $21.2M | $47.6M | $172M |
| Shareholders' equity | $30.8M | $95.7M | $102M |
| Net debt (β = net cash) | β$8.7M | β$12.3M | $17.6M |
KIRA Β· Its return on capital was β30.5%: every 100 invested in the business earned about β31 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Venu Holding Corp passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY23 | FY24 | FY25 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | β / 3 | 2 / 7 | 3 / 8 |
| Accruals ratio | β6.8% | β26.1% | β18.9% |
| Altman Z'' | 1.19 | 0.75 | β1.25 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY23 | FY24 | FY25 |
|---|---|---|---|
| Income statement | |||
| Revenue | $12.6M | $17.8M | $17.9M |
| Net interest income | β | $0.7M | $0.2M |
| Operating income | β$11.1M | β$27.4M | β$46.1M |
| Interest expense | $0.3M | $3.2M | $4.6M |
| Pretax income | β$11.4M | β$32.8M | β$50.8M |
| Net income | β$10.5M | β$30.3M | β$44.1M |
| Diluted EPS | β | β$0.86 | β$1.10 |
| Diluted shares | β | 0.01B | 0.04B |
| Cash flow | |||
| Cash from operations | β$4.9M | $3.8M | $7.6M |
| Capital expenditure | $31.2M | $72.5M | $142M |
| Free cash flow | β$36.0M | β$68.7M | β$134M |
| Depreciation and amortization | $1.8M | $3.6M | $6.1M |
| Stock-based compensation | $1.6M | $12.0M | $15.1M |
| Balance sheet | |||
| Cash and short-term investments | $20.2M | $38.0M | $41.3M |
| Total debt | $11.5M | $25.6M | $58.9M |
| Current assets | $20.6M | $39.0M | $44.3M |
| Current liabilities | $4.9M | $24.5M | $57.4M |
| Inventory | $0.2M | $0.2M | $0.5M |
| Property and equipment, net | $57.7M | $137M | $306M |
| Intangible assets | $0.3M | $0.2M | $0.1M |
| Total assets | $83.2M | $178M | $371M |
| Total liabilities | $21.2M | $47.6M | $172M |
| Shareholders' equity | $30.8M | $95.7M | $102M |
| Margins | |||
| Operating margin | β88.4% | β153.5% | β257.8% |
| EBITDA margin | β74.0% | β133.4% | β223.6% |
| Net margin | β83.5% | β170.1% | β246.4% |
| FCF margin | β286.1% | β385.4% | β748.8% |
| Net interest share of revenue | β | 4.0% | 1.1% |
| Returns | |||
| Return on capital | β39.9% | β25.9% | β30.5% |
| Return on capital employed | β14.2% | β17.8% | β14.7% |
| Return on equity | β34.2% | β48.0% | β44.6% |
| Return on assets | β12.6% | β23.2% | β16.1% |
| Return on tangible equity | β34.5% | β31.8% | β43.3% |
| Growth | |||
| Revenue growth | β | 41.6% | 0.4% |
| Share count change | β | β | 243.4% |
| Financial health | |||
| Debt / equity | 0.4x | 0.3x | 0.6x |
| Interest coverage | β33.6x | β8.6x | β10.1x |
| Current ratio | 4.2x | 1.6x | 0.8x |
| Quick ratio | 4.2x | 1.6x | 0.8x |
| Capital allocation | |||
| Capex / revenue | 247.4% | 406.4% | 791.5% |
| Stock comp / revenue | 12.8% | 67.4% | 84.2% |
| Quality scores | |||
| Piotroski F-score | β | 2.0 | 3.0 |
| Altman Z'' | 1.2 | 0.7 | β1.2 |
| Accruals ratio | β6.8% | β26.1% | β18.9% |
Source: SEC EDGAR XBRL filings (CIK 0001770501). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
