Venu Holding Corporation
05/15/2026 | Press release | Distributed by Public on 05/15/2026 06:31
Venu Holding Corporation Reports First Quarter (Form 8-K)
Venu Holding Corporation Reports First Quarter
Fiscal 2026 Financial Results
Total Assets Increased to $461.3 Million, Up 25% from Year-End 2025
COLORADO SPRINGS, CO - May 15, 2026 - (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
"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
| ● | Total assets increased to $461.3 million as of March 31, 2026, up $90.8 million or 25% from $370.5 million at December 31, 2025. |
| ○ | It is worth noting that our municipality contributed real estate sit at zero cost basis on our balance sheet rather than mark to market value as they are contributed assets. An as-completed basis appraisal of $1.24 billion reflects a more complete picture of what this portfolio will be worth once completed(1). |
| ● | Property and equipment increased to $381.6 million as of March 31, 2026, up $75.7 million or 25% from $305.9 million at December 31, 2025. |
| ● | The Company completed a capital raise of its common stock together with warrants during the three months ended March 31, 2026, which resulted in gross proceeds of $86.25 million, which generated net proceeds to the Company of $80.1 million. |
| ● | Luxe FireSuite and Aikman Club sales reached more than $260 million in sales since launching the program. Demand for the product, and for our newly launched NNN model prompted the recent launch of a $300+ million NNN portfolio available to both venue patrons and real estate investors across the nation, with Troy Aikman as the Company's spokesperson. Luxe FireSuite sales through the Company's NNN model accounted for approximately 47% of total Luxe FireSuite sales for the quarter ended March 31, 2026. |
| ● | Total revenue was $3.9 million for the three months ended March 31, 2026, compared to $3.5 million for the three months ended March 31, 2025, an increase of 11%. |
Operational and Strategic Highlights for the First Quarter Fiscal 2026:
Venue Development
| ● | The 134,000 square foot canopy roof at Sunset Amphitheater Broken Arrow, OK reached full installation in February 2026, a significant construction milestone for the 12,500-capacity venue as it advances toward its targeted fall 2026 opening. |
| ● | Construction continues as planned at Sunset Amphitheater McKinney, TX, where the team recently broke ground on the canopy roof structure of the 20,000-seat venue, which remains on track to open in Q1 2027. |
| ● | Took ownership of a property in Centennial, Colorado in February 2026, where VENU plans to develop a premium indoor concert hall and restaurant. The project will introduce VENU's first ever indoor Luxe FireSuite model to the portfolio. |
Team & Leadership
| ● | Strengthened the executive team with the addition of Sarah Rothschild, as Senior Vice President of Strategic Finance and Investor Relations, bringing experience from two of the most iconic names in premium live entertainment, MSG Entertainment and Sphere. |
Market Recognition & Brand
| ● | Presented the Billboard Disruptor Award at Billboard's Power 100 to PlaqueBoy Max, one of the most influential creator voices in music today, continuing VENU's role at the center of the live entertainment conversation. |
| ● | Aramark Sports + Entertainment deepened its commitment to VENU in early 2026, expanding its partnership to cover five premium venues and making an additional equity investment, reinforcing its long-term alignment with the Company's growth trajectory. |
| ● | J.W. Roth represented VENU on NYSE TV and Schwab Network, sharing the Company's $6 billion growth vision and the investor's conviction driving its $86.25 million capital raise. |
Subsequent Events: April 1, 2026, through May 15, 2026
| ● | Launched a landmark nationwide Luxe FireSuite campaign across several national broadcast networks, and major digital and social platforms, opening $300+ million in triple net real estate inventory to investors across the country, with longtime VENU shareholder, FireSuite owner, and partner Troy Aikman serving as national spokesperson. |
| ● | Announced active discussions with several Northern Colorado municipalities for a potential $350 million multi-seasonal, omni-content entertainment destination with a capacity of 12,500, designed to set a new standard for live entertainment in the American West. |
| ● | Launched the FireSuite Income Offering, a fractional ownership offering delivering an 11% preferred annual return backed by real estate assets, with a minimum investment of $20,000, bringing Luxe FireSuite ownership to a broader range of accredited investors nationwide. |
| ● | Announced planned expansion into Tennessee with a projected $300 million landmark amphitheater at the Bend in Chattanooga, developed in partnership with Urban Story Ventures, featuring approximately 12,500 seats and a canopied multi seasonal design that will make it one of the largest live entertainment venues in the state. |
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.
Venu Holding Corporation published this content on May 15, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on May 15, 2026 at 12:32 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]