Angel Studios, Inc. ANGX
We are a media and technology company guided by a community of approximately 2.0 million grassroots Angel Guild members championing values-driven stories. The combination of our community and our technology platform replaces the traditional Hollywood gatekeeper model with a scalable, data-informed approach to film and TV show decisions that improves with each new member and interaction.
Our community, known as the Angel Guild, is at the heart of this mission.
1) The Angel Guild votes to select film and TV shows.
2) The Angel Guild rallies in theaters to support film releases.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $321.6M | $96.5M | $202.4M | — | — | — |
| Cost of revenue | $124.9M | $44.4M | $86.0M | — | — | — |
| Gross profit | $196.7M | $52.2M | $116.4M | — | — | — |
| R&D | $15.5M | $12.8M | $9.7M | — | — | — |
| SG&A | $37.9M | $22.3M | $18.1M | — | — | — |
| Total operating expenses | $485.7M | $183.2M | $190.1M | — | — | — |
| Operating income | -$164.1M | -$86.7M | $12.4M | -$1.6M | — | — |
| Interest expense | $11.8M | $2.4M | $3.7M | — | — | — |
| Pre-tax income | -$170.5M | -$84.9M | $10.5M | $18.5M | — | — |
| Income tax | — | $3.5M | $2.7M | $362.3K | — | — |
| Net income | -$170.5M | -$88.3M | $13.4M | $18.1M | -$2.2K | — |
| EPS, basic | -1.10 | -0.64 | 0.10 | — | — | — |
| EPS, diluted | -1.10 | -0.64 | 0.10 | — | — | — |
| Shares, diluted (wtd. avg.) | $155.3M | $138.0M | $139.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $44.1M | $7.2M | $25.2M | $10.7M | $2.0M | — |
| Receivables | $51.1M | $16.2M | — | — | — | — |
| Inventory | $1.3M | $1.7M | — | — | — | — |
| Total current assets | $134.9M | $52.9M | $2.2M | $278.5K | $2.0M | — |
| Property, plant and equipment | $709.8K | $778.9K | — | — | — | — |
| Other intangibles | $3.9M | $1.9M | — | — | — | — |
| Total assets | $241.4M | $111.4M | $46.9M | $238.3M | $236.6M | — |
| Accounts payable | $40.0M | $7.9M | $99.5K | $98.0K | $15.1K | — |
| Total current liabilities | $219.0M | $80.1M | $5.0M | $1.2M | $1.0M | — |
| Long-term debt | $45.5M | — | — | — | — | — |
| Total liabilities | $267.2M | $94.7M | $5.6M | $1.7M | $26.3M | — |
| Retained earnings | -$241.5M | -$87.0M | -$4.2M | -$1.5M | -$24.3M | — |
| Total equity | -$25.8M | $16.7M | $51.0M | $29.1M | -$24.3M | $0 |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$83.3M | -$51.3M | $15.2M | $396.5K | — | — |
| Depreciation and amortisation | $14.4M | $7.9M | $5.7M | — | — | — |
| Stock-based compensation | $9.7M | $3.6M | $1.0M | — | — | — |
| Investing cash flow | -$55.6M | -$12.8M | -$10.0M | -$2.6M | — | — |
| Financing cash flow | $175.8M | $46.2M | $9.3M | $328.1K | — | — |
| Buybacks | $437.8K | $706.6K | $107.1K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001865200-26-000020.
Others in SIC 7812
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FUBO | FuboTV Inc. | $3.85B | — | 18.6% |
| LION | Lionsgate Studios Corp. | $3.32B | — | 1.8% |
| STRZ | STARZ ENTERTAINMENT CORP /CN/ | $460.5M | — | — |
| CURI | CuriosityStream Inc. | $160.8M | — | 40.1% |
| TOON | Kartoon Studios, Inc. | $41.1M | — | 20.7% |
| GAIA | GAIA, INC | $39.9M | — | 10.8% |
| MPU | Mega Matrix Inc | — | — | -27.9% |