Venu (VENU)
Develops and operates U.S. live-entertainment campuses combining music venues, dining, and premium hospitality.
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Develops U.S. destination campuses that pair music venues with restaurants, bars, suites, and event space. Revenue comes from dining, tickets and fees, rentals, sponsorships, parking, and shared venue economics, while site development is financed through municipal incentives, premium-use programs, debt, sale-leasebacks, and equity.
Develops destination campuses in U.S. markets it considers underserved by premium live entertainment, combining music halls or amphitheaters with restaurants, bars, premium suites, and event space. Directly operates its restaurants and smaller indoor halls in Colorado Springs and Gainesville.
Current brands include Bourbon Brothers Smokehouse & Tavern, Phil Long Music Hall, Ford Amphitheater, Roth’s Sea & Steak, and Brohan’s. Operating revenue comes from food and beverage, tickets and service fees, rentals, parking, naming rights, sponsorships, and a share of Ford venue economics after costs under AEG Presents’ operator arrangement.
Selects sites around demographics, traffic, zoning, sound, parking, artist routing, and municipal partnership criteria, then develops, finances, and expands the campuses. Large amphitheaters rely on third-party operators, while development depends on municipal agreements, premium-use sales, debt, and sale-leasebacks that can carry construction and compliance requirements.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $16.3M · Total debt $183.6M · Total assets $511.8M · Shareholders' equity $151.1M
- Revenue
- $4.8M
- Operating income
- −$15.3M
- Net income
- −$17.9M
No dividends on record.
| Institutions | 38.61% | 21.70M shares | |
|---|---|---|---|
| 92 holders · as of Jun 30, 2026 | |||
| Insiders | 28.40% | 15.97M shares | |
| 4 holders · as of Sep 21, 2026 | |||
| Other | 32.99% | 18.54M shares | |
| remainder | |||
56.21M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jay W. RothInsiderdirector, 10 percent owner, officer: CEO & Chairman | 16.97% | 9.54M | filed Sep 15, 2026 |
O'Neil Kevin WayneInsider | 10.69% | 6.01M | filed Oct 14, 2025 |
Anson Funds Management LPInstitution | 8.89% | 5.00M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.15% | 2.89M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 3.54% | 1.99M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | Stephen Joseph Cominsky | director | +3,234 | $1.70 |
| Sep 11, 2026 | Thomas M. Finke | director | +200,000 | $1.75 |
| Sep 11, 2026 | Jay W. Roth | director, 10 percent owner, officer: CEO & Chairman | +200,000 | $1.75 |
| Sep 4, 2026 | Jay W. Roth | director, officer: CEO & Chairman | +49 | $1.88 |
| Sep 2, 2026 | Jay W. Roth | director, 10 percent owner, officer: CEO & Chairman | +1,400 | $1.83 |
- Live Nation Entertainment
Dominant rival in concerts, venues, ticketing, and sponsorship.
- Ryman Hospitality Properties
Music venues and Ole Red blend concerts, dining, and premium hospitality.
- Madison Square Garden Entertainment
Large venues compete for touring acts, premium seats, and sponsors.
- Sphere Entertainment
Immersive premium venue challenges high-spend live-event attendance.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Venu | $1.48 | −5.13% | $93.7M | — | — | 6.0 | +7.0% |
| Live Nation Entertainment | $169.99 | +0.09% | $39.52B | — | 141.7 | 1.5 | +9.4% |
| Ryman Hospitality Properties | $121.37 | −0.15% | $7.67B | 29.6 | 25.8 | 2.8 | +13.6% |
| Madison Square Garden Entertainment | $78.56 | −2.01% | $3.79B | 58.1 | 32.3 | 3.6 | +27.4% |
| Sphere Entertainment | $139.28 | −1.85% | $5.11B | — | — | 3.8 | −20.5% |
| Median | 43.8 | 32.3 | 3.2 | +11.5% |