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Side-by-side financial comparison of Metalla Royalty & Streaming Ltd. (MTA) and Venu Holding Corp (VENU). Click either name above to swap in a different company.

Venu Holding Corp is the larger business by last-quarter revenue ($4.5M vs $3.8M, roughly 1.2× Metalla Royalty & Streaming Ltd.). Metalla Royalty & Streaming Ltd. runs the higher net margin — -117.1% vs -215.5%, a 98.4% gap on every dollar of revenue.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming firm focused on gold, silver, and strategic mineral assets primarily across North America. It partners with mining operators to earn stable, leveraged returns without incurring the high costs and operational risks of direct mine ownership, catering to investors seeking low-volatility exposure to precious metals markets.

Venu Holding Corporation ("Venu") is a publicly-traded American entertainment and hospitality company based in Colorado Springs, Colorado. Founded by JW Roth in 2017 as Notes Live, Venu designs, develops, manages and owns music venues and event spaces including amphitheaters, restaurants, and concert halls in midsize cities.

MTA vs VENU — Head-to-Head

Bigger by revenue
VENU
VENU
1.2× larger
VENU
$4.5M
$3.8M
MTA
Higher net margin
MTA
MTA
98.4% more per $
MTA
-117.1%
-215.5%
VENU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MTA
MTA
VENU
VENU
Revenue
$3.8M
$4.5M
Net Profit
$-4.4M
$-9.8M
Gross Margin
50.4%
Operating Margin
-161.6%
Net Margin
-117.1%
-215.5%
Revenue YoY
Net Profit YoY
EPS (diluted)
$-0.77

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTA
MTA
VENU
VENU
Q4 25
$4.5M
Q3 25
$3.8M
$5.4M
Q2 25
$2.1M
$4.5M
Q1 25
$1.3M
$3.5M
Q3 24
$3.3M
$5.5M
Q1 24
$981.0K
Net Profit
MTA
MTA
VENU
VENU
Q4 25
$-9.8M
Q3 25
$-4.4M
$-6.4M
Q2 25
$-3.2M
$-12.3M
Q1 25
$-1.7M
$-18.1M
Q3 24
$-4.0M
$-3.9M
Q1 24
$-1.4M
Gross Margin
MTA
MTA
VENU
VENU
Q4 25
Q3 25
50.4%
Q2 25
39.7%
Q1 25
39.2%
Q3 24
48.5%
Q1 24
59.3%
Operating Margin
MTA
MTA
VENU
VENU
Q4 25
-161.6%
Q3 25
-185.2%
Q2 25
-229.7%
Q1 25
-102.5%
-529.9%
Q3 24
-176.4%
-67.4%
Q1 24
-121.5%
Net Margin
MTA
MTA
VENU
VENU
Q4 25
-215.5%
Q3 25
-117.1%
-118.1%
Q2 25
-151.3%
-274.2%
Q1 25
-138.0%
-516.2%
Q3 24
-120.3%
-72.1%
Q1 24
-138.2%
EPS (diluted)
MTA
MTA
VENU
VENU
Q4 25
$-0.77
Q3 25
$-0.15
Q2 25
$0.30
Q1 25
$-0.48
Q3 24
$-0.13
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTA
MTA
VENU
VENU
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$58.9M
Stockholders' EquityBook value
$122.7M
Total Assets
$370.6M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Total Debt
MTA
MTA
VENU
VENU
Q4 25
$58.9M
Q3 25
$58.9M
Q2 25
$44.8M
Q1 25
$54.7M
Q3 24
$22.8M
Q1 24
Stockholders' Equity
MTA
MTA
VENU
VENU
Q4 25
$122.7M
Q3 25
$121.2M
Q2 25
$90.2M
Q1 25
$78.4M
Q3 24
$79.4M
Q1 24
Total Assets
MTA
MTA
VENU
VENU
Q4 25
$370.6M
Q3 25
$314.8M
Q2 25
$242.0M
Q1 25
$212.9M
Q3 24
$166.6M
Q1 24
Debt / Equity
MTA
MTA
VENU
VENU
Q4 25
0.48×
Q3 25
0.49×
Q2 25
0.50×
Q1 25
0.70×
Q3 24
0.29×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MTA
MTA
VENU
VENU
Operating Cash FlowLast quarter
$12.8M
Free Cash FlowOCF − Capex
$-52.4M
FCF MarginFCF / Revenue
-1157.6%
Capex IntensityCapex / Revenue
1441.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-134.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MTA
MTA
VENU
VENU
Q4 25
$12.8M
Q3 25
$6.3M
Q2 25
$-2.4M
Q1 25
$-9.0M
Q3 24
Q1 24
Free Cash Flow
MTA
MTA
VENU
VENU
Q4 25
$-52.4M
Q3 25
$-32.9M
Q2 25
$-17.6M
Q1 25
$-31.1M
Q3 24
Q1 24
FCF Margin
MTA
MTA
VENU
VENU
Q4 25
-1157.6%
Q3 25
-611.3%
Q2 25
-392.4%
Q1 25
-888.4%
Q3 24
Q1 24
Capex Intensity
MTA
MTA
VENU
VENU
Q4 25
1441.2%
Q3 25
728.3%
Q2 25
337.9%
Q1 25
630.1%
Q3 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MTA
MTA

Segment breakdown not available.

VENU
VENU

Food And Beverage$2.9M64%
Other$1.6M36%

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