In fiscal 2025, which ended Dec 31, 2025, Angel Studios, Inc. reported revenue of $321.6 million. It recorded a net loss of $170.5 million. The operating loss came to $164.1 million, an operating margin of -51.0%. Diluted earnings per share were -$1.10.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 30, 2026
|
FY 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
FY 2023
Dec 31, 2023
|
FY 2022
Dec 31, 2022
|
|---|---|---|---|---|---|
| Revenue |
—
|
322
|
—
|
—
|
—
|
| Cost of revenue |
—
|
125
|
—
|
—
|
—
|
| Gross profit |
—
|
197
|
—
|
—
|
—
|
| Research and development |
—
|
16
|
—
|
—
|
—
|
| Selling, general and administrative |
—
|
335
|
—
|
—
|
—
|
| Operating income |
-130
+7.5%
|
-164
-89.2%
|
-87
-801.7%
|
12
+883.4%
|
-2
|
| Interest income |
—
|
5
|
—
|
—
|
—
|
| Interest expense |
—
|
12
+400.2%
|
2
|
—
|
—
|
| Equity in earnings of affiliates |
—
|
0
|
—
|
—
|
—
|
| Pretax income |
-155
-12.5%
|
-170
-100.8%
|
-85
-907.5%
|
11
-43.1%
|
18
|
| Income tax |
—
|
—
|
4
+231.0%
|
-3
-844.6%
|
0
|
| Net income |
-155
-9.9%
|
-170
-93.1%
|
-88
-760.5%
|
13
-26.3%
|
18
|
| Basic EPS |
—
|
-1.10
|
—
|
—
|
—
|
| Diluted EPS |
—
|
-1.10
|
—
|
—
|
—
|
| Weighted average shares, basic |
—
|
155
|
—
|
—
|
—
|
| Weighted average shares, diluted |
—
|
155
|
—
|
—
|
—
|
| Other measures | |||||
| Depreciation and amortization |
—
|
14
|
—
|
—
|
—
|
| EBITDA |
—
|
-150
|
—
|
—
|
—
|
| Interest coverage |
—
|
-13.87x
|
-36.65x
|
—
|
—
|
| Margins | |||||
| Gross margin |
—
|
61.17%
|
—
|
—
|
—
|
| Operating margin |
—
|
-51.04%
|
—
|
—
|
—
|
| Pretax margin |
—
|
-53.02%
|
—
|
—
|
—
|
| Profit margin |
—
|
-53.02%
|
—
|
—
|
—
|
| EBITDA margin |
—
|
-46.55%
|
—
|
—
|
—
|
| Effective tax rate |
—
|
—
|
—
|
-25.65%
|
1.96%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Services-Motion Picture & Video Tape Production (SIC 7812)
- Listed as
- ANGX (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Provo, UT
- SEC filer status
- , Emerging growth company
- SEC CIK
- 1865200
- Former names
- Southport Acquisition Corp (until Sep 10, 2025)
Other Services-Motion Picture & Video Tape Production companies
- Lionsgate Studios Corp. LION
- Starz Entertainment Corp /CN/ STRZ
- FuboTV Inc. FUBO
- CuriosityStream Inc. CURI
- International Media Acquisition Corp. IMAQ
- Kartoon Studios, Inc. TOON
- Gaia, Inc GAIA
- Mega Matrix Inc MPU
All 11 Services-Motion Picture & Video Tape Production companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.