Venu Holding Corporation Reports First Quarter Fiscal 2026 Financial Results

COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--May 15, 2026--

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

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“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

Operational and Strategic Highlights for the First Quarter Fiscal 2026:

Venue Development

Team & Leadership

Market Recognition & Brand

Subsequent Events: April 1, 2026, through May 15, 2026

Conference Call Details

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.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While Venu believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. Venu expressly disclaims any obligation to update or alter statements whether because of new information, future events or otherwise, except as required by law.

(1) Appraisal Disclosures

These appraisals used the cost basis, income, and comparable sales approaches to valuation and, after reconciliation, came to the appraised values of the properties. These approaches to valuation are commonly used approaches to value for appraisal of commercial properties, as opposed to assigning a valuation on the properties based solely on the cost basis of the properties. The total appraisal for the Colorado Springs campus includes a 5.5-acre parking lot that was later sold through a sale-leaseback transaction in November 2025 for $14 million. At the time of the original appraisal, that parcel was valued at $9.2 million. It is important to understand that the appraisal of VENU’s properties takes into account, among other factors, the valuation of the Company’s real estate and developments at a specific point in time, and the appraised value is subject to (and likely to) change at any time, whether it increases or decreases, and such changes could be caused by macro and micro factors over which we have no control. The appraisal of the property portfolio is only an estimate of its value as to the date of the appraisal and based only on the specific appraisal methodologies and should not be relied upon as a measure of its realized value or the value at which any property could be sold to a third party. Other appraisal methodologies may yield materially different appraised value. Furthermore, the appraised value of the properties differs from the values assigned to it under generally accepted accounting principles in the United Stated (“GAAP”), which require the values of the properties to be valued at their cost basis for financial presentation purposes, and therefore the appraised values represent an unaudited measure that may not represent fair value, as defined under GAAP, and such values and appraisals are not, and will not be, subject to audit or other review procedures by our outside independent accountants.

The opinions expressed in the appraisal are based on estimates and forecasts that are prospective in nature and subject to certain risks and uncertainties. Events may occur that could cause the performance of the properties to materially differ from the estimates utilized by the appraiser, such as changes in the economy, interest rates, capitalization rates, the financial strength of the live-music and entertainment industries, and the behavior of event attendees, investors, lenders, and municipalities. The Company reviews each appraisal of its properties to confirm that the information provided to the appraiser is accurately reflected in the appraisal, but it does not validate the methodologies, inputs, and professional judgment utilized by the certified appraiser.

 

VENU Reports First Quarter Fiscal 2026 Financial Results

AUSTIN, Texas (AP) — The Texas Supreme Court on Friday refused to declare that Democratic lawmakers who briefly fled the state in 2025 to block a vote on new congressional voting maps pushed by President Donald Trump had vacated their office.

The all-Republican court dealt a blow to Gov. Greg Abbott and state Republicans in their efforts to severely punish the more than 50 Democrats who bolted for New York, Illinois and Massachusetts in a bid to stop a vote on the maps during a special session. State Republicans had sought their arrest and threatened fines to bring them back to the state Capitol.

Abbott had argued in a lawsuit filed directly to the state’s highest civil court that state Rep. Gene Wu, the leader of the House Democratic caucus, and others had effectively abandoned their office.

Wu had argued that he was not abandoning his office in the quorum break, but was exercising a right to dissent.

In denying Abbott’s request, the court opinion written by Justice James Blacklock noted that the Republican-majority Legislature had adequately resolved the problem itself through measures such as fines against the missing lawmakers, and that they eventually returned on their own within a few weeks.

“In the end, a quorum was restored in two weeks’ time, without judicial intervention, by the interplay of political and practical forces,” Blacklock wrote.

“Courts have uniformly recognized that it is not their role to resolve disputes between the other two branches that those branches can resolve for themselves,” the opinion said.

If the issue rises again and the Legislature cannot effectively compel lawmakers to return, the court may someday consider whether the courts should step in, the opinion said.

“When Greg Abbott threatened to arrest and expel us for denying him a quorum, we told him he should ‘come and take it.’ He tried!” Wu said in a statement Friday. “Abbott was wrong, weak, and after all his bluster, he couldn’t come and take a damn thing.”

Wu and the other lawmakers eventually returned to Texas, and the new map was passed and signed into law by Abbott.

Wu had argued that because he had returned to the Capitol and the map was eventually signed into law, there was no longer any reason for the court to weigh in.

“Their return is robust proof that they never intended to abandon their offices,” Wu argued in legal briefs. “Despite the overheated rhetoric, this quorum break was always understood to be temporary.”

The Texas walkout intensified into a high-stakes national drama as Trump urged Texas and other GOP-controlled states to redraw their congressional districts to help Republicans maintain control of the U.S. House. The Texas map effort set off a wave of similar efforts across several states as governors from both parties pledged to redraw maps with the goal of giving their political candidates a leg up in the 2026 midterm elections.

The state constitution requires that at least 100 of the 150 House members be present to conduct business, and the quorum break effectively shut down a special legislative session Abbott had called to address redistricting and other issues, including aid to communities hit by the devastating July Fourth floods that killed more than 100 people.

In 2021, the court ruled that the Texas Constitution enables the possibility of a quorum break but also allows for consequences to bring members back.

Last year's Democratic walkout was the third since 2003, when lawmakers bolted to stop a vote on a redistricting bill. They did it again in 2021 over an elections bill. In both cases, they were temporary victories as Democrats eventually returned and the Republican majority in the Legislature ultimately passed both measures into law.

FILE - Texas state Rep. Gene Wu speaks to the crowd before California Gov. Gavin Newsom during a rally with Harris County Democrats at the IBEW local 716 union hall on Nov. 8, 2025, in Houston. (AP Photo/Karen Warren, File)

FILE - Texas Gov. Greg Abbott speaks at the Conservative Political Action Conference (CPAC) in Dallas, March 27, 2026. (AP Photo/Gabriela Passos, File)