Venu Holding Corporation announced its first quarter 2025 results for the period ended March 31, 2025, on May 15, 2025. Total assets increased by $34,000,000 to over $212,000,000, reflecting the company's aggressive development phase.
Total revenue for Q1 2025 decreased by 11% to $3.50 million compared to $3.94 million in the prior-year period. The company reported a net loss of $19.43 million, a 23% increase from the $15.82 million loss in Q1 2024, significantly impacted by $11.34 million in equity-based compensation.
Cash and cash equivalents decreased from $37.97 million to $24.66 million over the quarter, with net cash used in operating activities increasing to $9.04 million and net cash used in investing activities jumping to $24.05 million. Despite increased losses and cash burn, the company reported its strongest quarter yet in record-setting Luxe FireSuite sales and highlighted an active development pipeline across Texas, Oklahoma, and Colorado.
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