Venu (VENU) reported preliminary Q4 revenue of $4.4 million to $4.8 million, higher than $4.3 million a year earlier.

One analyst polled by FactSet expects $4.6 million.

Cash and cash equivalents as of Dec. 31, 2025, are expected to be $41.1 million to $42.3 million, up from $38 million a year earlier.

The company said it expects debt of $58.2 million to $59.0 million as of 2025-end, compared with $25.6 million as of 2024-end.

The company said it will become operationally profitable by 2026-end.

Shares of the company were down 14% during after-hours activity.