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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | — | — | $202.4M | $96.5M | $321.6M |
| Gross profit | — | — | — | $116.4M | $52.2M | $196.7M |
| Net income | — | -$2.2K | $18.1M | $13.4M | -$88.3M | -$170.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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| STRZ | STARZ ENTERTAINMENT CORP /CN/ | $380.0M | — | — |
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| GAIA | GAIA, INC | $35.7M | — | 10.8% |
| TOON | Kartoon Studios, Inc. | $32.2M | — | 20.7% |
| MPU | Mega Matrix Inc | — | — | -27.9% |