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Angel Studios, Inc. (ANGX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

COMMUNICATION SERVICES · ENTERTAINMENT · DATA UPDATED 2026-09-18

Angel Studios, Inc. (ANGX) operates in the ENTERTAINMENT industry and is headquartered in Provo, United States with about 290 employees. Its market capitalization is roughly $984 million. In the fiscal year ended 2025-12-31, ANGX reported $322M in revenue and ($170M) in net income.

Angel Studios, Inc. operates as a media and technology company. The company produces and distributes films and series; and releases licensed films or shows. The company's platform allows users to watch movies, shows, and documentaries for all ages through its streaming platform.

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ANGX Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$413M$322M$97M$202M$76M$123M
Gross Profit$239M$197M$52M$116M$35M$46M
Gross Margin %57.9%61.2%54.0%57.5%46.5%37.2%
Operating Income (EBIT)($129M)($164M)($87M)$12M($14M)$10M
Operating Margin %-31.3%-51.0%-89.8%6.1%-19.1%7.9%
Net Income($155M)($170M)($88M)$13M($14M)$17M
Net Margin %-37.5%-53.0%-91.5%6.6%-18.2%13.9%
EBITDA($104M)($151M)($79M)$18M($14M)$10M
Earnings Per Share (EPS)$-0.92$-1.10$-0.64$0.54$-0.57$0.70
Shares Outstanding (M)184M155M138M25M24M24M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ANGX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$112M$115M$110M$77M$88M$47M$31M$20M
Gross Profit$60M$71M$66M$42M$60M$28M$18M$12M
Gross Margin %53.7%61.8%60.2%55.1%68.9%58.9%58.0%59.7%
Operating Income (EBIT)($18M)($3M)($71M)($38M)($21M)($34M)($29M)($15M)
Operating Margin %-15.8%-2.3%-64.5%-49.8%-24.5%-70.8%-92.7%-75.3%
Net Income($24M)($14M)($79M)($39M)($16M)($37M)($37M)($14M)
Net Margin %-21.3%-12.0%-71.5%-50.4%-18.1%-78.6%-119.5%-68.9%
EBITDA($14M)$6M($64M)($32M)($21M)($31M)($22M)($15M)
Earnings Per Share (EPS)$-0.13$-0.08$-0.47$-0.25$-0.10$-0.26$-0.26$-0.10
Shares Outstanding (M)184M169M169M157M161M146M144M139M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ANGX Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Cash from Operations (CFO)($64M)($83M)($60M)$15M($12M)$1M
Capital Expenditures (CapEx)$3M$19M$0M$10M$1M$0M
Free Cash Flow (FCF)($67M)($102M)($61M)$5M($13M)$1M
FCF Margin %-16.3%-31.7%-62.7%2.6%-17.0%0.7%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ANGX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$17M$2M($25M)($58M)($13M)($12M)($20M)($11M)
Capital Expenditures (CapEx)$0M$3M$0M$0M$4M$0M$0M$0M
Free Cash Flow (FCF)$17M($1M)($25M)($58M)($17M)($12M)($20M)($11M)
FCF Margin %15.0%-0.7%-22.6%-76.4%-19.2%-25.8%-65.0%-54.4%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

ANGX Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$235M$241M$99M$98M$39M$237M
Cash & Cash Equivalents$48M$44M$7M$25M$11M$2M
Total Liabilities$264M$267M$95M$59M$17M$26M
Total Debt (Short + Long-Term)$76M$98M$12M$5M$3M$0M
Total Shareholders' Equity($29M)($31M)($4M)$40M$22M$210M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive ANGX viewer.

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