Angel Studios, Inc. (ANGX) — Financial statements
Income statement, balance sheet, and cash flow for Angel Studios, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 322↑233.2% | 97↓52.3% | 202↑168.1% | 76 | 0.00 | |
| Cost of Revenue | 125↑196.8% | 42↓51.1% | 86↑113.0% | 40 | 0.00 | |
| Gross Profit | 197↑261.2% | 54↓53.2% | 116↑231.4% | 35 | 0.00 | |
| Operating Expenses | ||||||
| R&D Expenses | 16↑8.1% | 14↑3.3% | 14↑12.6% | 12 | 0.00 | |
| General & Administrative Expenses | 48↑44.8% | 33↑64.3% | 20↑56.9% | 13 | 0.00 | |
| Selling & Marketing Expenses | 297↑212.3% | 95↑28.3% | 74↑285.2% | 19 | 0.00 | |
| SG&A Expenses | 345↑169.1% | 128↑36.0% | 94↑193.8% | 32↑37240.2% | 0.09 | |
| Other Expenses | 0.00↑100.0% | -2↓42198.6% | 0.00↓99.9% | 5↑3430.2% | 0.14 | |
| Operating Expenses | 361↑155.9% | 141↑30.3% | 108↑118.6% | 50↑21479.3% | 0.23 | |
| Total Costs & Expenses | 486↑165.3% | 183↓5.8% | 194↑116.1% | 90↑39080.3% | 0.23 | |
| Operating Results | ||||||
| Operating Income | -164↓89.6% | -87↓1161.6% | 8↑156.6% | -14↓6173.2% | -0.23 | |
| Depreciation & Amortization | 15↑811.4% | 2↑6.3% | 2↑41.4% | 1 | 0.00 | |
| EBITDA | -143↓74.0% | -82↓812.9% | 12↑191.3% | -13↓531.4% | 3 | |
| EBIT | -159↓88.7% | -84↓943.0% | 10↑172.4% | -14↓569.5% | 3 | |
| Interest & Other Income | ||||||
| Net Interest Income | -6↓668.1% | 1↑161.2% | -2↓2200.0% | -0.08↑86.9% | -0.61 | |
| Interest Income | 5↑56.0% | 3↑91.9% | 2↑196.1% | 0.61 | 0.00 | |
| Interest Expense | 12↑400.2% | 2↓35.3% | 4↑426.8% | 0.69↑13.9% | 0.61 | |
| Non-Operating Income | -5↓118.9% | -2↓36.9% | -2↓196.1% | -0.61↑80.6% | -3 | |
| Other Income / Expenses | -6↓5217.4% | 0.12↑106.8% | -2↓2200.0% | -0.08↓103.1% | 3 | |
| Income Before Tax | -170↓97.3% | -86↓1468.8% | 6↑143.6% | -14↓722.4% | 2 | |
| Income Tax Expense | 0.00↓100.0% | 4↑231.0% | -3↓252.5% | -0.77 | 0.00 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -170↓89.5% | -90↓1098.3% | 9↑165.7% | -14↓689.5% | 2 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -170↓89.9% | -90↓1079.9% | 9↑166.8% | -14↓689.5% | 2 | |
| Bottom-Line Net Income | -170↓89.9% | -90↓1079.9% | 9↑166.8% | -14↓689.5% | 2 | |
| EPS (Basic) | -1.10↓96.4% | -0.56↓1082.5% | 0.06↑166.8% | -0.09↓205.4% | 0.08 | |
| EPS (Diluted) | -1.10↓96.4% | -0.56↓1082.5% | 0.06↑166.8% | -0.09↓205.4% | 0.08 | |
| Weighted Average Shares | 155↓3.4% | 161↑0.0% | 161↑0.0% | 161↑458.9% | 29 | |
| Weighted Average Diluted Shares | 155↓3.4% | 161↑0.0% | 161↑0.0% | 161↑458.9% | 29 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.