Venu Holding Corporation Common Stock (VENU)

FairStock Score: 37/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses with durable advantages, honest accounting, and a margin of safety. Venu Holding operates music venues, amphitheaters, and restaurants, but the numbers show a cash-hungry enterprise rather than a proven compounding machine. Revenue grew from $12.6 million in fiscal year 2023 (period ended 2023-12-31) to $17.9 million in fiscal year 2025 (period ended 2025-12-31), and fiscal Q2 2026 (quarter ended 2026-06-30) revenue was $4.8 million. Yet in fiscal Q2 2026 the company lost $17.9 million, after losing $13.8 million in fiscal Q1 2026 (quarter ended 2026-03-31) and $44.1 million in fiscal year 2025. That is not a margin problem; it is a business model still consuming far more than it produces. Trailing free cash flow was negative $227.6 million against a $69.7 million market cap, a FairStock FCF yield of negative 326.5%. FairStock's Altman Z-Score of -0.41 signals financial distress, and D/E is 0.74. The P/B of 0.45 at the 2026-10-13 close might tempt a Graham-style investor, but book value is only meaningful if assets earn a return. FairStock's ROE is -25.15% and ROCE is -8.13%, so capital is being eroded, not compounded. The lack of a Lynch category—because the company lost money in each of the last three years—fits the evidence. There may be brand appeal in upscale venues, but I see no reliable moat. Price alone is not value. Without a clear path to positive earnings and cash flow, this remains speculative.

In plain English: Venu Holding runs upscale music venues, amphitheaters, and restaurants. The business looks financially weak: it lost money in each of the last three fiscal years and lost $17.9 million in the quarter ended 2026-06-30. At $1.24 a share on 2026-10-13, the price looks low compared with its stated net asset value, but because losses and cash burn are large, it is hard to call the stock plainly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer