Venu (VENU) investor relations material

Executive summary

• Multi-seasonal, multi-configurational venues are being developed to address gaps in the live entertainment market, with a focus on premium hospitality and immersive technology.

• Total assets rose to $461.3 million as of March 31, 2026, a 25% increase from year-end 2025, driven by ongoing venue development and asset contributions.

• Closed an $86.25 million equity capital raise amid volatile markets, supporting continued expansion and product launches.

• Partnerships with major brands like PepsiCo and Aramark have been secured, with over $100 million in contractual partnership revenue to date.

• Luxe FireSuite and Aikman Club sales surpassed $260 million since inception, with strong demand for new NNN investment offerings.

Financial highlights

• Total revenue for Q1 2026 was $3.9 million, up 11% year-over-year from $3.5 million.

• Net loss attributable to common stockholders was $13.9 million for Q1 2026, compared to $18.1 million in Q1 2025.

• Property and equipment, net, increased to $381.6 million, up $75.7 million from December 2025.

• Cash and cash equivalents increased to $56.6 million from $41.3 million at year-end 2025.

• Net cash provided by financing activities was $89.7 million, offsetting $65.9 million used in investing activities.

Outlook and guidance

• Over 45 municipalities are in active discussions for new venue developments.

• Announced plans for a $300 million amphitheater in Chattanooga, TN, and a potential $350 million project in Northern Colorado.

• Management expects improved profitability in 2026, supported by a full season of Ford Amphitheater operations and new venue openings.

• Additional capital raising and debt financing are anticipated to support ongoing expansion and liquidity.

• No operational profits are expected until additional venues open in 2026 and 2027.