ANGX · XBRL financial data
Angel Studios financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (ANGX's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Revenue from contracts with customers | — | 202,437 | 96,516 | 321,558 |
| Cost of revenue | — | 86,033 | 44,360 | 124,859 |
| Research and development | — | 9,704 | 12,843 | 15,528 |
| General and administrative | — | 18,121 | 22,284 | 37,865 |
| Operating income (loss) | (1,578) | (1,670) | (1,587) | (164,108) |
| Interest income | — | 1,819 | 3,491 | 5,445 |
| Interest expense | — | 935 | 275 | 11,835 |
| Other income (expense) | — | — | (1,000) | 1,800 |
| Income tax expense (benefit) | 362 | 1,319 | 152 | — |
| Net income (loss) | 18,133 | 2,730 | (5,107) | (170,479) |
| Earnings per share, basic USD per share | — | 0.10 | (0.64) | (1.10) |
| Earnings per share, diluted USD per share | — | 0.10 | (0.64) | (1.10) |
| Weighted average shares, basic thousands of shares | — | 132,562 | 137,994 | 155,251 |
| Weighted average shares, diluted thousands of shares | — | 139,873 | 137,994 | 155,251 |
Balance sheet
CSVFiscal years (ANGX's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 51 | 2,172 | 7,212 | 44,083 |
| Accounts receivable | — | — | 16,234 | 51,123 |
| Inventory | — | — | 1,712 | 1,264 |
| Prepaid and other current assets | — | — | 6,803 | 13,516 |
| Total current assets | 278 | 2,172 | 626 | 134,878 |
| Property and equipment, net | — | — | 779 | 710 |
| Right-of-use asset | — | — | 2,745 | 3,240 |
| Total assets | 238,263 | 46,881 | 1,055 | 241,412 |
| Accounts payable | 98 | 99 | 205 | 39,960 |
| Accrued liabilities | 681 | 2,252 | 13,075 | 24,488 |
| Total current liabilities | 1,208 | 4,980 | 4,488 | 218,999 |
| Lease liability, non-current | — | — | 2,153 | 2,059 |
| Total liabilities | 1,735 | 5,561 | 9,127 | 267,192 |
| Accumulated deficit | (1,457) | (4,151) | (9,216) | (241,531) |
| Total stockholders' equity | (1,457) | (3,389) | (8,501) | — |
| Total liabilities and equity | 238,263 | 46,881 | 1,055 | 241,412 |
| Common shares outstanding (cover page) thousands of shares | — | — | 144,397 | 169,096 |
Cash flows
CSVFiscal years (ANGX's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Net income (loss) | 18,133 | 2,730 | (5,107) | (170,479) |
| Stock-based compensation | — | 1,032 | 3,642 | 9,667 |
| Depreciation and amortization | — | 5,679 | 7,898 | 14,419 |
| Net cash from operating activities | 396 | 5,542 | (2,284) | (83,332) |
| Net cash from investing activities | (2,624) | 193,473 | 44,282 | (55,585) |
| Proceeds from issuing common stock | — | 7,500 | 32,818 | 104,148 |
| Share repurchases | — | 107 | 707 | 438 |
| Net cash from financing activities | 328 | (196,895) | (43,674) | 175,789 |
Compare with peers
SIC 7812 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 7812 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Angel Studios | 48,037 | 111,706 | 16,940* | 186.5M | — | 10-QJun 30, 2026 |
| BMP AI Technologies | 0 | 0 | (8)* | 51.8M | — | 10-QJun 30, 2026 |
| Gaia | 7,104 | 22,031 | (4,062)* | not reported | 1.5 quarters | 10-QSep 30, 2026 |
| Winvest Group | 44 | 62* | (123)* | 116.5M | 0.4 quarters | 10-KDec 31, 2025 |
| Kartoon Studios | 7,742 | 5,821 | 34,288* | 62.2M | — | 10-QJun 30, 2026 |
| CuriosityStream | 5,379 | 23,245 | (4,160)* | 59.3M | 1.7 quarters | 10-QJun 30, 2026 |
| Starz Entertainment | 86,800 | 322,400 | 18,900* | 17.3M | — | 10-QSep 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.