Angel Studios, Inc. (ANGX)

Angel Studios Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	186.23	96.52	202.44	75.52
Revenue Growth (YoY)	-10.61%	-52.32%	168.07%	-
Cost of Revenue	65.6	42.07	86.03	40.39
Gross Profit	120.63	54.45	116.41	35.12
Selling, General & Admin	198.53	117.49	92.3	31.31
Research & Development	13.33	14.36	13.91	12.35
Other Operating Expenses	8.27	9.15	2.04	5.87
Total Operating Expenses	220.14	141.01	108.25	49.52
Operating Income	-99.5	-86.56	8.15	-14.4
Interest Income	4.2	3.49	1.82	0.61
Interest Expense	-5.16	-2.37	-3.66	-0.69
Other Non-Operating Income (Expense)	2.74	-1	-	-
Total Non-Operating Income (Expense)	2.69	0.12	-1.84	-0.08
Pretax Income	-97.81	-86.43	6.31	-14.48
Provision for Income Taxes	7.94	3.53	-2.7	-0.77
Net Income	-105.66	-89.8	9.16	-13.71
Minority Interest in Earnings	-0.09	-0.17	-0.15	-
Net Income to Common	-105.66	-89.8	9.16	-13.71
Shares Outstanding (Basic)	115	26	25	24
Shares Outstanding (Diluted)	115	26	26	24
Shares Change (YoY)	349.17%	-0.53%	6.86%	-
EPS (Basic)	-1.62	-3.48	0.37	-0.56
EPS (Diluted)	-1.62	-3.48	0.35	-0.56
Shares Outstanding	28.5	26.99	24.99	24.27
Free Cash Flow	-53.51	-60.54	5.34	-12.8
Free Cash Flow Per Share	-0.46	-2.35	0.21	-0.53
Gross Margin	64.77%	56.42%	57.50%	46.51%
Operating Margin	-53.43%	-89.68%	4.03%	-19.06%
Profit Margin	-56.78%	-93.21%	4.45%	-18.16%
FCF Margin	-28.73%	-62.72%	2.64%	-16.95%
EBITDA	-95.9	-84.87	9.74	-13.28
EBITDA Margin	-51.50%	-87.94%	4.81%	-17.58%
EBIT	-99.5	-86.56	8.15	-14.4
EBIT Margin	-53.43%	-89.68%	4.03%	-19.06%
Effective Tax Rate	-8.12%	-4.09%	-42.72%	5.29%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.