Venu Holding Corporation Reports Preliminary Fourth Quarter 2025 and Year to Date 2025 Financial Results

Venu Holding Corporation ("VENU" or the "Company") (NYSE AMERICAN: VENU), owner and developer of premium live entertainment destinations, announced today preliminary results for its fourth quarter and year ended December 31, 2025.

“There are several main takeaways from our preliminary results. First, as expected, we are now seeing the shift to ticketing revenue becoming a larger percentage of our overall revenue. Second, our restaurant revenue increased 8.6% in the fourth quarter of 2025 with the successful grand opening in mid-November of Roth’s Sea & Steak, which completed our Colorado Springs entertainment complex. These results prove the strength of our business model as VENU’s upcoming entertainment complexes in Broken Arrow, McKinney, El Paso, and Houston near completion and prepare to open. Third, we continue to grow our balance sheet with total assets now over the $354 million range, a 100% annual growth rate. Our balance sheet was buttressed by our 62% increase in Luxe FireSuite and Aikman Club sales which surpassed $126 million for the year. Finally, we recognized our first development profit in the amount of $6.2 million in the fourth quarter. I believe the Company will become operationally profitable by the end of 2026,” said JW Roth, Chairman & CEO of VENU.

Presentation of Preliminary Fourth Quarter 2025 Financial Results

• Total revenues are estimated to be in the range of $4.4 million to $4.8 million for the three months ended December 31, 2025, compared to $4.3 million for the same period in 2024.
• Total assets are estimated to be in the range of $352.8 million to $355.4 million as of December 31, 2025, compared to $178.4 million as of December 31, 2024, an increase of $174.4 to $176.4 million or 98%-100% increase year over year.
• Total cash and cash equivalents are estimated to be in the range of $41.1 million to $42.3 million as of December 31, 2025, compared to $38.0 million as of December 31, 2024, an increase of $3.1 million to $4.3 million or 8%-11% increase year over year.
• The Company’s debt is estimated to be in the range of $58.2 million to $59.0 million as of December 31, 2025, compared to $25.6 million as of December 31, 2024, an increase of $32.6 million to $33.4 million or 127%-130%.
• Property and equipment are estimated to be in the range of $305.1 million to $306.7 million as of December 31, 2025, compared to $137.2 million as of December 31, 2024, an increase of $167.9 million to $169.5 or 122%-123%.
• Luxe FireSuite and Aikman Club sales are estimated to be in the range of $34.2 million to $35.9 million for the three months ended December 31, 2025, compared to $20.7 million for the same period in 2024. This includes sales of Luxe FireSuites through traditional cash sales, fractional financing, and triple-net lease interests in FireSuites.
• The Company generated net revenue (defined as profit after Venu’s split with AEG Presents Rocky Mountains (“AEG”), the operator of the Ford Amphitheater), with receipts from the Company’s naming rights agreements (which are outside of VENU’s AEG partnership agreement), estimated to be in the range of $441.7 thousand to $443.1 thousand for the three months ended December 31, 2025, compared to $203.3 thousand for the same period in 2024.
• The Company’s other income included a development profit of $6.2 million from the sale-leaseback of the parking property from its Colorado Springs’ campus completed in early November 2025.

Presentation of Preliminary YTD 2025 Financial Results