Angel Studios, Inc. (ANGX)

Angel Studios Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	48.04	44.08	7.21	25.2	10.72	24.26
Cash & Short-Term Investments	48.04	44.08	7.21	25.2	10.72	24.26
Cash Growth	71.56%	511.26%	-71.38%	135.05%	-55.80%	-
Accounts Receivable	40.1	60.82	25.02	24.14	7.19	10.44
Other Receivables	-	-	-	7.85	-	-
Receivables	41.48	62.19	25.77	32.7	9.38	11.8
Inventory	1.48	1.26	1.71	2.84	0.5	1.87
Prepaid Expenses	15.9	13.52	6.8	4.32	1.62	3.71
Other Current Assets	18.45	13.83	11.46	-	-	-
Total Current Assets	125.35	134.88	52.95	65.06	22.22	41.63
Property, Plant & Equipment	3.25	3.95	3.52	2.5	3.28	0.71
Long-Term Investments	46.04	46.01	9.07	4.5	2.77	0.96
Other Intangible Assets	22.12	23.43	16.48	3.38	3.29	2.93
Long-Term Accounts Receivable	6.11	2.58	12.07	-	-	-
Long-Term Deferred Tax Assets	-	-	-	4	-	-
Other Long-Term Assets	28.39	26.62	13.05	14.32	3.08	8.11
Total Assets	235.06	241.41	111.38	98.26	39.39	59.31

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	39.81	39.96	7.93	3.17	1.02	1.27
Accrued Expenses	51.61	55.75	28.44	30.97	6.89	16.48
Short-Term Debt	-	-	9.11	4.16	2	-
Current Portion of Long-Term Debt	17.2	55.47	11.46	-	-	-
Current Portion of Leases	1.35	1.28	0.67	0.36	0.65	-
Current Income Taxes Payable	-	-	-	1.28	-	-
Current Unearned Revenue	82.55	66.53	22.17	3.92	0.63	1.68
Other Current Liabilities	-	-	0.28	0.25	0.23	0.21
Total Current Liabilities	192.52	219	80.06	44.12	11.43	19.64
Long-Term Debt	57.17	41.69	-	-	-	-
Long-Term Leases	1.36	2.06	2.15	0.96	1.33	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.43
Other Long-Term Liabilities	13.34	4.44	12.46	13.5	4.63	4.86
Total Liabilities	264.39	267.19	94.67	58.58	17.39	24.93

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.02	0.02	0.01	0.02	0.02	0.02
Additional Paid-In Capital	249.96	210.08	95.49	49.88	41.22	39.54
Retained Earnings	-279.13	-241.53	-87.01	-10.07	-19.24	-5.19
Total Common Equity	-29.15	-31.43	8.49	39.83	22	34.38
Minority Interest	-0.18	5.65	8.22	-0.15	-	-
Shareholders' Equity	-29.33	-25.78	16.71	39.68	22	34.38
Total Liabilities & Equity	235.06	241.41	111.38	98.26	39.39	59.31

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	77.08	100.51	23.4	5.49	3.98	-
Net Cash (Debt)	-29.04	-56.43	-16.18	19.72	6.74	24.26
Net Cash Growth	-	-	-	192.58%	-72.22%	-
Net Cash Per Share	-0.17	-0.36	-0.12	0.14	0.28	0.99
Filing Date Shares Outstanding	186.76	169.51	27.44	25.01	24.99	22.67
Total Common Shares Outstanding	186.5	169.1	26.99	24.99	24.27	22.67
Working Capital	-67.17	-84.12	-27.11	20.94	10.79	21.99
Book Value Per Share	-0.16	-0.19	0.31	1.59	0.91	1.52
Tangible Book Value	-51.27	-54.87	-8	36.45	18.71	31.45
Tangible Book Value Per Share	-0.27	-0.32	-0.30	1.46	0.77	1.39
Machinery	-	2.82	2.43	2.32	1.72	1.11
Leasehold Improvements	-	0.56	0.45	0.42	0.59	0.24

Data Source: S&P Global Market Intelligence Last updated: Aug 4, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 23, 2026

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