Growth & profitability
- Revenue has grown 26.0% per year over the past 3 years.
Financial health
- Total debt ($46M) exceeds cash ($44M); net debt is $1M.
- Operating income covered interest expense -13.9× in the latest year.
ANGX Financials Angel Studios, Inc.
4 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $322M | -$170M | 61.2% | -51.0% | 661.3% | -70.6% | — | $46M | $44M |
| 2024 | $97M | -$88M | 54.0% | -89.8% | -528.3% | -79.3% | — | — | $7M |
| 2023 | $202M | $13M | 57.5% | 6.1% | 26.2% | 28.5% | — | — | — |
| 2022 | — | $18M | — | — | 62.2% | 7.6% | — | — | — |
RevenueNet income
GrossOperatingNet
ROEROA
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $112M | -$24M | 53.7% | -16.6% | 81.1% | -10.1% | — | — | $48M |
| Mar '26 | $115M | -$14M | 61.8% | -2.3% | 33.3% | -6.5% | — | — | $39M |
| Dec '25 | $110M | -$79M | 60.2% | -64.5% | 305.0% | -32.6% | — | $46M | $44M |
| Sep '25 | $77M | -$39M | 55.1% | -49.8% | -103.7% | -19.6% | — | — | $63M |
| Jun '25 | $88M | -$16M | 68.9% | -24.3% | -75.5% | -1854.6% | — | — | — |
| Mar '25 | $47M | -$37M | 58.9% | -70.8% | -531.9% | -3630.0% | — | — | — |
| Dec '24 | $31M | -$37M | 58.0% | -92.7% | -222.0% | -33.3% | — | — | $7M |
| Sep '24 | $20M | -$14M | 59.7% | -75.3% | -62.8% | -102.3% | — | — | — |
| Jun '24 | — | -$504984 | — | — | -4.1% | -3.8% | — | — | — |
| Mar '24 | — | $261607 | — | — | — | 2.0% | — | — | — |
| Dec '23 | — | -$101592 | — | — | -0.2% | -0.2% | — | — | — |
| Sep '23 | — | -$10518 | — | — | — | -0.0% | — | — | — |
| Jun '23 | — | $2M | — | — | — | 0.7% | — | — | — |
| Mar '23 | — | $1M | — | — | — | 0.5% | — | — | — |
| Dec '22 | — | $3M | — | — | 10.6% | 1.3% | — | — | — |
| Sep '22 | — | $1M | — | — | — | 0.6% | — | — | — |
| Jun '22 | — | $3M | — | — | — | 1.4% | — | — | $472622 |
| Mar '22 | — | $10M | — | — | — | 4.4% | — | — | $531095 |
| Dec '21 | — | $2M | — | — | — | 1.0% | — | — | $2M |
| Sep '21 | — | -$598 | — | — | — | — | — | — | — |
Valuation over time
How the market has priced ANGX against its own fundamentals since 2025-09 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-sales ratio has fallen from 11.1× (Sep '25) to 2.6× (Sep '26).
P/S
Frequently asked questions
Is ANGX growing its revenue and profit?
Over the past 3 years, Angel Studios, Inc.'s revenue has grown 26.0% per year. These are computed facts, not advice.
How much debt does ANGX have?
As of FY2025, Angel Studios, Inc. reported $46M of total debt against $44M of cash; operating income covered interest expense -13.9×.
What is ANGX's profit margin?
In FY2025, gross margin was 61.2%, operating margin -51.0%, and net margin -53.0%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.