v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Total revenues, net $ 17,897,046 $ 17,834,383
Operating costs    
Food and beverage 2,379,204 2,409,133
Event center 3,575,159 2,554,606
Labor 4,658,088 4,383,505
Rent 1,838,238 1,361,787
General and administrative 36,954,414 18,832,115
Equity compensation 15,345,687 12,015,133
Depreciation and amortization 6,177,692 3,656,229
Total operating costs 70,928,482 45,212,508
Gain on sale of property ($6,608,315 gain from related party transaction) 6,896,983
Loss from operations (46,134,453) (27,378,125)
Other income (expense), net    
Interest expense, net (4,582,602) (3,201,230)
Other expense (199,168) (2,500,006)
Other income 135,000 130,387
Total other income (expense), net (4,646,770) (5,570,849)
Net loss (50,781,223) (32,948,974)
Net loss attributable to non-controlling interests (6,687,501) (2,609,219)
Net loss attributable to Venu (44,093,722) (30,339,755)
Preferred stock dividend 223,875
Net loss attributable to common stockholders $ (44,317,597) $ (30,339,755)
Weighted average number of shares of Common stock, outstanding, basic 39,981,214 11,642,944
Weighted average number of shares of Common stock, outstanding, diluted 39,981,214 11,642,944
Basic net loss per share of Common stock $ (1.10) $ (0.86)
Diluted net loss per share of Common stock $ (1.10) $ (0.86)
Common Stock [Member]    
Other income (expense), net    
Net loss
Net loss attributable to Venu $ (43,696,388) $ (9,966,084)
Weighted average number of shares of Common stock, outstanding, basic 39,981,214 11,642,944
Weighted average number of shares of Common stock, outstanding, diluted 39,981,214 11,642,944
Basic net loss per share of Common stock $ (1.10) $ (0.86)
Diluted net loss per share of Common stock $ (1.10) $ (0.86)
Common Class B [Member] | Common Stock [Member]    
Other income (expense), net    
Net loss
Net loss attributable to Venu $ (397,334) $ (620,265)
Weighted average number of shares of Common stock, outstanding, basic 363,552 724,629
Weighted average number of shares of Common stock, outstanding, diluted 363,552 724,629
Basic net loss per share of Common stock $ (1.10) $ (0.86)
Diluted net loss per share of Common stock $ (1.10) $ (0.86)
Common Class C [Member] | Common Stock [Member]    
Other income (expense), net    
Net loss
Net loss attributable to Venu   $ (5,784,717)
Weighted average number of shares of Common stock, outstanding, basic 6,758,034
Weighted average number of shares of Common stock, outstanding, diluted 6,758,034
Basic net loss per share of Common stock $ (0.86)
Diluted net loss per share of Common stock $ (0.86)
Common Class D [Member] | Common Stock [Member]    
Other income (expense), net    
Net loss
Net loss attributable to Venu   $ (13,968,689)
Weighted average number of shares of Common stock, outstanding, basic 16,319,014
Weighted average number of shares of Common stock, outstanding, diluted 16,319,014
Basic net loss per share of Common stock $ (0.86)
Diluted net loss per share of Common stock $ (0.86)
Food and Beverage [Member]    
Revenues    
Total revenues, net $ 9,773,696 $ 10,828,972
Event Center Ticket and Fees Revenue [Member]    
Revenues    
Total revenues, net 6,045,286 4,648,478
Rental and Sponsorship Revenue [Member]    
Revenues    
Total revenues, net $ 2,078,064 $ 2,356,933