Angel Studios, Inc.ANGXEarnings & Financial Report
Angel Studios, Inc. is an American independent media company and film distribution studio based in Provo, Utah. It produces and distributes films for theatrical release and operates the over-the-top video on-demand service Angel. The streaming service is available worldwide and can be accessed via web browsers or via application software installed on smartphones, tablet computers, and smart TVs.
ANGX Q4 FY2025 Key Financial Metrics
Revenue
$109.9M
Gross Profit
$66.2M
Operating Profit
$-70.9M
Net Profit
$-78.6M
Gross Margin
60.2%
Operating Margin
-64.5%
Net Margin
-71.5%
YoY Growth
254.3%
EPS
$-0.47
Angel Studios, Inc. Q4 FY2025 Financial Summary
Angel Studios, Inc. reported revenue of $109.9M (up 254.3% YoY) for Q4 FY2025, with a net profit of $-78.6M (down 111.5% YoY) (-71.5% margin). Cost of goods sold was $43.8M, operating expenses totaled $137.1M.
Key Financial Metrics
| Total Revenue | $109.9M |
|---|---|
| Net Profit | $-78.6M |
| Gross Margin | 60.2% |
| Operating Margin | -64.5% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Angel Studios, Inc. Q4 FY2025 revenue of $109.9M breaks down across 2 segments, led by Licensed content and other revenue at $109.8M (99.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Licensed content and other revenue | $109.8M | 99.9% |
| Pay it Forward revenue | $163.7K | 0.1% |
Angel Studios, Inc. Quarterly Revenue & Net Profit History
Angel Studios, Inc. results over the last 3 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $109.9M | +254.3% | $-78.6M | -71.5% |
| Q3 FY2025 | $76.5M | +280.4% | $-38.6M | -50.4% |
| Q3 FY2024 | $20.1M | — | $-13.9M | -68.9% |
Income Statement
| Q3 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|
| Revenue | $20.1M | $76.5M | $109.9M |
| YoY Growth | N/A | 280.4% | 254.3% |
Balance Sheet
| Q3 2024 | Q3 2025 | Q4 2025 | |
|---|---|---|---|
| Assets | $13.5M | $197.0M | $241.4M |
| Liabilities | $5.7M | $159.8M | $267.2M |
| Equity | $-5.0M | $37.2M | $-25.8M |
Cash Flow
| Q3 2024 | Q3 2025 | |
|---|---|---|
| Operating CF | $-37.7M | $-58.1M |