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Red Flags Detected

  • Material Weakness (worsened) — Material weaknesses in internal controls broadened from staffing/segregation to include IT controls, financial close process, and complex accounting areas; remediation target Dec 2026.
  • Related Party (new) — Sale-leaseback of Ford Amphitheater land completed June 6, 2026 involved a related party, followed by $10M stock repurchase from same related party.
NYSE: VENU Venu Holding Corp 10-Q

Venu Q2 2026: Net loss widens 57% to -$17.9M as operating loss grows 49% on construction costs

Filed August 13, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 14, 2025 · ~2 min read

Key Changes

  • high

    Net loss available to common shareholders widened 57.8% to $18.0M (-$0.30/share) in Q2 2026 vs Q2 2025, driven by a 49% increase in operating loss to $15.3M as construction and expansion costs outpaced revenue growth.

    MD&A: Operating Results verify on EDGAR →
  • high

    Material weaknesses in internal controls persist and broadened from staffing/segregation issues to include IT controls, financial close processes, and complex accounting; remediation target Dec 2026 with four new hires since Feb 2025.

    Controls & Procedures verify on EDGAR →
  • high

    Ford Amphitheater revenue fell 37% to $370K in Q2 2026 on fewer shows (6 vs 11 in Q2 2025); new lawsuit seeks permanent injunction for alleged noise-law violations, motion to dismiss denied, case proceeding.

    MD&A: Amphitheater Operations / Legal Proceedings verify on EDGAR →

1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 24, 2026 · How we verify