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Side-by-side financial comparison of Angel Studios, Inc. (ANGX) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

Angel Studios, Inc. is the larger business by last-quarter revenue ($109.9M vs $69.8M, roughly 1.6× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -71.5%, a 455.5% gap on every dollar of revenue. On growth, Angel Studios, Inc. posted the faster year-over-year revenue change (254.3% vs 21.2%).

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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

ANGX vs RIGL — Head-to-Head

Bigger by revenue
ANGX
ANGX
1.6× larger
ANGX
$109.9M
$69.8M
RIGL
Growing faster (revenue YoY)
ANGX
ANGX
+233.1% gap
ANGX
254.3%
21.2%
RIGL
Higher net margin
RIGL
RIGL
455.5% more per $
RIGL
384.0%
-71.5%
ANGX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ANGX
ANGX
RIGL
RIGL
Revenue
$109.9M
$69.8M
Net Profit
$-78.6M
$268.1M
Gross Margin
60.2%
91.5%
Operating Margin
-64.5%
33.2%
Net Margin
-71.5%
384.0%
Revenue YoY
254.3%
21.2%
Net Profit YoY
-111.5%
1769.2%
EPS (diluted)
$-0.47
$14.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANGX
ANGX
RIGL
RIGL
Q4 25
$109.9M
$69.8M
Q3 25
$76.5M
$69.5M
Q2 25
$101.7M
Q1 25
$53.3M
Q4 24
$57.6M
Q3 24
$20.1M
$55.3M
Q2 24
$36.8M
Q1 24
$29.5M
Net Profit
ANGX
ANGX
RIGL
RIGL
Q4 25
$-78.6M
$268.1M
Q3 25
$-38.6M
$27.9M
Q2 25
$59.6M
Q1 25
$11.4M
Q4 24
$14.3M
Q3 24
$-13.9M
$12.4M
Q2 24
$-1.0M
Q1 24
$-8.2M
Gross Margin
ANGX
ANGX
RIGL
RIGL
Q4 25
60.2%
91.5%
Q3 25
55.1%
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
59.7%
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
ANGX
ANGX
RIGL
RIGL
Q4 25
-64.5%
33.2%
Q3 25
-49.8%
40.9%
Q2 25
60.1%
Q1 25
23.9%
Q4 24
28.9%
Q3 24
-75.3%
25.4%
Q2 24
1.2%
Q1 24
-23.6%
Net Margin
ANGX
ANGX
RIGL
RIGL
Q4 25
-71.5%
384.0%
Q3 25
-50.4%
40.2%
Q2 25
58.6%
Q1 25
21.5%
Q4 24
24.9%
Q3 24
-68.9%
22.5%
Q2 24
-2.8%
Q1 24
-27.9%
EPS (diluted)
ANGX
ANGX
RIGL
RIGL
Q4 25
$-0.47
$14.11
Q3 25
$-0.25
$1.46
Q2 25
$3.28
Q1 25
$0.63
Q4 24
$0.82
Q3 24
$-0.10
$0.70
Q2 24
$-0.06
Q1 24
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANGX
ANGX
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$44.1M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$-25.8M
$391.5M
Total Assets
$241.4M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANGX
ANGX
RIGL
RIGL
Q4 25
$44.1M
$155.0M
Q3 25
$63.3M
$137.1M
Q2 25
$108.4M
Q1 25
$77.1M
Q4 24
$77.3M
Q3 24
$61.1M
Q2 24
$49.1M
Q1 24
$49.5M
Total Debt
ANGX
ANGX
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
ANGX
ANGX
RIGL
RIGL
Q4 25
$-25.8M
$391.5M
Q3 25
$37.2M
$117.6M
Q2 25
$81.9M
Q1 25
$18.6M
Q4 24
$3.3M
Q3 24
$-5.0M
$-14.6M
Q2 24
$-29.9M
Q1 24
$-31.7M
Total Assets
ANGX
ANGX
RIGL
RIGL
Q4 25
$241.4M
$513.6M
Q3 25
$197.0M
$242.5M
Q2 25
$206.7M
Q1 25
$176.0M
Q4 24
$164.0M
Q3 24
$13.5M
$139.4M
Q2 24
$128.4M
Q1 24
$126.5M
Debt / Equity
ANGX
ANGX
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANGX
ANGX
RIGL
RIGL
Operating Cash FlowLast quarter
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANGX
ANGX
RIGL
RIGL
Q4 25
$22.0M
Q3 25
$-58.1M
$24.0M
Q2 25
$30.5M
Q1 25
$-893.0K
Q4 24
$14.5M
Q3 24
$-37.7M
$21.7M
Q2 24
$302.0K
Q1 24
$-5.0M
Cash Conversion
ANGX
ANGX
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.86×
Q2 25
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANGX
ANGX

Licensed content and other revenue$109.8M100%
Pay it Forward revenue$163.7K0%

RIGL
RIGL

Segment breakdown not available.

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