Filing Flows › Venu Holding (VENU) › Q3 2025
Venu Holding (VENU) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 14, 2025
Venu Holding (VENU) reported revenue of $5.4M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +20% from the quarter before. Operating margin was -185.2%, net loss $9.3M (172.6% of revenue).
Venu Holding, Q3 2025: revenue $5.4M (-1% year over year), operating margin -185.2%, net loss $9.3M, operating cash flow $6.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.4M | +20% | -1% |
| Operating profit | −$10.0M | — | — |
| Net earnings | −$9.3M | — | — |
| Operating cash flow | $6.3M | — | -13% |
What changed
Revenue was $5.4M in Q3 2025, down 1% year over year and up 20% from the previous quarter. Event Center Ticket and Fees Revenue was the largest line at 51% of revenue. Food and Beverage lost $471K year over year (down 17%), 701% of the total change.
Operating costs exceeded revenue by $10.0M, an operating margin of -185.2%. Total costs grew 68% against a revenue fall of 1%. The fastest-growing cost line was General & admin (+105%). The quarter ended with a net loss of $9.3M, narrower than the previous quarter's $12.3M loss. Minority interests bore $2.9M of it: to shareholders the quarter was a loss of $6.4M.
Operating cash flow was $6.3M (down 13% year over year). Non-cash charges added back $1.3M of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $12.9M. Capital expenditures of $39.2M exceeded it, leaving free cash flow of −$32.9M.
Questions
What was Venu Holding's revenue in the third quarter 2025?
Venu Holding (VENU) reported revenue of $5.4M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +20% from the quarter before.
Was Venu Holding profitable in the third quarter 2025?
Operating loss was $10.0M (-185.2% of revenue) and net loss $9.3M.
Source: Venu Holding 10-Q on SEC EDGAR.