The EPS miss and lack of guidance reinforce the pre-revenue development-stage risk. Monitor venue openings (Broken Arrow fall 2026, McKinney Q1 2027) and Luxe FireSuite sales conversion for revenue inflection. The $86.25M raise provides runway but dilutes existing holders by ~34%.
Price Chart
Executive Summary
Venu Holding Corp reported Q1 2026 revenue of $3.9M (+11% YoY) but EPS of -$0.29 missed the $-0.24 consensus by 20.8%. The net loss attributable to common stockholders was -$13.9M, widening from -$18.1M a year ago, driven by $7.7M in G&A and $2.0M in equity compensation. The company completed an $86.25M equity capital raise and highlighted $461.3M in total assets (+25% from year-end), but remains pre-revenue on its venue development pipeline with no guidance provided.
Key Financial Metrics
Key Facts
- Total revenue $3.9M vs $3.5M YoY (+11%), but EPS -$0.29 missed consensus of -$0.24 by 20.8%
- Net loss attributable to common stockholders -$13.9M vs -$18.1M YoY (improved on lower equity comp)
- Operating loss -$11.5M vs -$18.5M YoY; G&A $7.7M and equity comp $2.0M remain elevated
- Completed $86.25M equity capital raise (net $80.1M) with warrants; shares outstanding rose 34% to 57.3M
- Total assets $461.3M (+25% from $370.5M at year-end); property & equipment $381.6M
- Operating cash flow -$8.5M vs -$9.0M YoY; capex -$65.9M for venue construction
- No revenue or EPS guidance provided; forward-looking statements are aspirational only
- Luxe FireSuite sales reached >$260M cumulative; NNN model accounted for 47% of Q1 sales
Financial Impact
EPS miss of 20.8% on a -$0.24 consensus; revenue beat of ~2.6% on $3.8M consensus; net loss of -$13.9M
Risk Factors
- Pre-revenue development stage with no near-term profitability; operating cash burn continues
- Significant shareholder dilution from $86.25M equity raise (shares outstanding +34%)
- No revenue or EPS guidance provided, increasing uncertainty around timing of venue openings
- High G&A ($7.7M) and equity compensation ($2.0M) relative to $3.9M revenue
- Construction capex of $65.9M in a single quarter; total debt + NNN liabilities exceed $100M
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-023375 |
| Document: form8-k.htm | 0001493152-26-023375 |
| Document: 0001493152-26-023375-index-headers.html | 0001493152-26-023375 |
| Document: 0001493152-26-023375-index.html | 0001493152-26-023375 |
| Document: 0001493152-26-023375.txt | 0001493152-26-023375 |
| 8-K Data (Synthetic) | 0001493152-26-023375 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $1.31 | awaiting T+1 | — | $1.30 (−0.76%) |
Oct 19, 2026 7d ago | 8-K | $1.20 $1.38 | ▲ +15.00% | ▲ +14.47% | $1.30 (+8.33%) |
Oct 2, 2026 24d ago | 3 | $1.43 $1.43 | · 0.00% | ▼ −0.55% | $1.30 (−9.09%) |
Sep 24, 2026 4w ago | 8-K | $1.48 $1.43 | ▼ −3.38% | ▼ −2.63% | $1.30 (−12.16%) |
Sep 21, 2026 5w ago | Insider Cluster | $1.56 $1.47 | ▼ −5.77% | ▼ −5.05% | $1.30 (−16.67%) |
Sep 15, 2026 5w ago | Insider Cluster | $1.69 $1.62 | ▼ −4.14% | ▼ −5.28% | $1.30 (−23.08%) |
Sep 2, 2026 7w ago | Insider Cluster | $1.92 $2.00 | ▲ +4.17% | ▲ +4.55% | $1.30 (−32.29%) |
Aug 31, 2026 8w ago | Insider Cluster | $1.86 $1.80 | ▼ −3.23% | ▼ −3.67% | $1.30 (−30.11%) |
Aug 27, 2026 8w ago | Insider Cluster | $2.02 $1.92 | ▼ −4.95% | ▼ −4.65% | $1.30 (−35.64%) |
Aug 20, 2026 9w ago | 8-K | $1.92 $1.89 | ▼ −1.56% | ▼ −1.97% | $1.30 (−32.29%) |
US Market Status
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