Income statement, balance sheet and cash flow statement for the last 3 fiscal years, taken from the XBRL data Venu Holding Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2024
FY2025
Revenue
12.6
17.8
17.9
General and administrative
12.5
18.8
37
Operating expenses
23.7
45.2
70.9
Operating income
-11.1
-27.4
-46.1
Interest expense
0.33
3.2
4.58
Interest income
0.02
0.71
Other non-operating income
-0.25
-5.57
-4.65
Pre-tax income
-11.4
-32.8
-50.8
Net income to minority interests
-0.86
-2.61
-6.69
Net income
-10.5
-30.3
-44.1
EBITDA
-9.32
-23.8
-40
EPS, basic
-0.86
-1.10
EPS, diluted
-0.86
-1.10
Shares, basic (weighted)
11.6
40
Shares, diluted (weighted)
11.6
40
Balance sheet
FY2024
FY2024
FY2025
Cash and equivalents
20.2
38
41.3
Receivables
0.19
Inventory
0.19
0.23
0.47
Other current assets
0.21
0.85
2.55
Total current assets
20.6
39
44.3
Property, plant and equipment
57.7
137
306
Lease right-of-use assets
3.69
1.35
17.4
Intangible assets
0.28
0.21
0.14
Long-term investments
0.55
0.55
Total assets
83.2
178
371
Accounts payable
2.57
7.28
25.1
Accrued liabilities
0.7
3.56
27.8
Deferred revenue
0.76
1.53
1.54
Short-term debt
0.33
11.5
0.4
Total current liabilities
4.92
24.5
57.4
Long-term debt
11.2
14.1
56.6
Lease liabilities
3.65
1.02
16.9
Total liabilities
21.2
47.6
172
Total debt
11.5
25.6
58.9
Paid-in capital
47.7
145
201
Retained earnings
-17
-47.4
-91.5
Treasury stock
-0
-1.5
-7.9
Shareholders' equity
30.8
95.7
102
Minority interests
31.2
35.1
86.8
Total equity
62
131
189
Total liabilities and equity
83.2
178
371
Shares outstanding
0
37.5
42.9
Cash flow statement
FY2024
FY2024
FY2025
Net income
-11.4
-32.9
-50.8
Depreciation and amortization
1.81
3.59
6.11
Stock-based compensation
1.61
12
15.1
Change in inventory
-0.1
-0.04
-0.25
Change in payables
0.75
4.69
17.8
Cash from operations
-4.88
3.76
7.65
Capital expenditures
-31.2
-72.5
-142
Purchases of investments
-2
Cash from investing
-31.2
-72.4
-133
Debt repaid
-0.22
-0.31
-0.38
Stock issued
16.7
32
33.1
Cash from financing
32.8
86.4
129
Net change in cash
-3.27
17.8
3.34
Free cash flow
-36
-68.7
-134
Interest paid
0.31
0.41
0.62
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $1.48 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Operating margin
-237.1%
Operating income / revenue.
EBITDA margin
-193.3%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
-248.6%
Net income / revenue.
FCF margin
-1,223.0%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
52.3%
Cash from operations / revenue.
Return on equity (ROE)
-34.0%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
-9.0%
Net income / average total assets.
Return on invested capital (ROIC)
-18.7%
Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue
30.0%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
1,275.0%
Capital expenditures / revenue.
D&A / revenue
43.7%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
0.4%
Revenue vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y
103.6%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Book value growth, 1y
6.4%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
107.7%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
243.4%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.25x
Current assets / current liabilities.
Quick ratio
0.20x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.20x
(Cash + short-term investments) / current liabilities.
Debt / equity
0.49x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
12.9%
Total debt / total assets.
Liabilities / assets
51.3%
Total liabilities / total assets.
Net debt
$49.9M
Total debt - cash - short-term investments. Negative means more cash than debt.
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
-$0.78
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share
$0.31
Revenue / diluted weighted shares.
FCF per share
-$3.83
Free cash flow / diluted weighted shares.
Operating cash flow per share
$0.16
Cash from operations / diluted weighted shares.
Book value per share
$2.43
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Market cap + total debt - cash - short-term investments.
P/S
4.47x
Market cap / revenue.
P/B
0.61x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.61x
Market cap / tangible book value, when positive.
P/OCF
8.55x
Market cap / cash from operations, when positive.
EV/Sales
7.15x
Enterprise value / revenue.
FCF yield
-273.6%
Free cash flow / market cap.
Earnings yield
-55.6%
Net income / market cap (the inverse of P/E).
What was Venu Holding Corp's revenue in fiscal 2025?
Venu Holding Corp reported revenue of $17.9M for fiscal 2025, 0.4% higher than the year before.
Was Venu Holding Corp profitable in fiscal 2025?
No. It reported a net loss of $44.1M.
How much free cash flow did Venu Holding Corp generate in fiscal 2025?
Cash from operations of $7.6M minus capital expenditures of $141.7M left free cash flow of -$134.0M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.