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Venu Holding (VENU) Q1 2025 earnings results (first quarter 2025)

10-Q filed May 15, 2025

Venu Holding (VENU) reported revenue of $3.5M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -18% from the quarter before. Operating margin was -529.9%, net loss $19.4M (555.4% of revenue).

Revenue$3.5M
Year over year-11%
Quarter over quarter-18%
Operating margin-529.9%
Net earnings−$19.4M

Venu Holding, Q1 2025: revenue $3.5M (-11% year over year), operating margin -529.9%, net loss $19.4M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.

Q1 2025AmountQ/QY/Y
Revenue$3.5M-18%-11%
Operating profit−$18.5M——
Net earnings−$19.4M——
Operating cash flow−$9.0M——

What changed

Revenue was $3.5M in Q1 2025, down 11% year over year and down 18% from the previous quarter. Food and Beverage was the largest line at 58% of revenue. Food and Beverage lost $535K year over year (down 21%), 121% of the total change.

Operating costs exceeded revenue by $18.5M, an operating margin of -529.9%. Total costs grew 30% against a revenue fall of 11%. The fastest-growing cost line was General & admin (+61%). The quarter ended with a net loss of $19.4M, wider than the previous quarter's $7.3M loss. Minority interests bore $1.4M of it: to shareholders the quarter was a loss of $18.1M.

Operating cash flow was −$9.0M. Non-cash charges added back $1.4M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items used $2.3M. Capital expenditures of $22.0M exceeded it, leaving free cash flow of −$31.1M.

Questions

What was Venu Holding's revenue in the first quarter 2025?

Venu Holding (VENU) reported revenue of $3.5M for the first quarter 2025 (Q1 2025), -11% from a year earlier and -18% from the quarter before.

Was Venu Holding profitable in the first quarter 2025?

Operating loss was $18.5M (-529.9% of revenue) and net loss $19.4M.

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Source: Venu Holding 10-Q on SEC EDGAR.