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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	45.56	44.08	7.21	25.2	10.72	24.26
Cash & Short-Term Investments	45.56	44.08	7.21	25.2	10.72	24.26
Cash Growth	-28.06%	511.26%	-71.38%	135.05%	-55.80%	-
Accounts Receivable	47.73	60.82	25.02	24.14	7.19	10.44
Other Receivables	-	-	-	7.85	-	-
Receivables	47.73	62.19	25.77	32.7	9.38	11.8
Inventory	-	1.26	1.71	2.84	0.5	1.87
Prepaid Expenses	17.62	13.52	6.8	4.32	1.62	3.71
Other Current Assets	24.43	13.83	11.46	-	-	-
Total Current Assets	135.34	134.88	52.95	65.06	22.22	41.63
Property, Plant & Equipment	3.44	3.95	3.52	2.5	3.28	0.71
Long-Term Investments	44.3	46.01	9.07	4.5	2.77	0.96
Other Intangible Assets	50.91	23.43	16.48	3.38	3.29	2.93
Long-Term Accounts Receivable	7.02	2.58	12.07	-	-	-
Long-Term Deferred Tax Assets	-	-	-	4	-	-
Other Long-Term Assets	43.51	26.62	13.05	14.32	3.08	8.11
Total Assets	316.04	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	40.71	39.96	7.93	3.17	1.02	1.27
Accrued Expenses	63.45	55.75	28.44	30.97	6.89	16.48
Short-Term Debt	-	-	9.11	4.16	2	-
Current Portion of Long-Term Debt	18.07	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	98.52	66.53	22.17	3.92	0.63	1.68
Other Current Liabilities	-	-	0.28	0.25	0.23	0.21
Total Current Liabilities	222.1	219	80.06	44.12	11.43	19.64
Long-Term Debt	57.39	41.69	-	-	-	-
Long-Term Leases	2.2	2.06	2.15	0.96	1.33	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	0.43
Other Long-Term Liabilities	24.23	4.44	12.46	13.5	4.63	4.86
Total Liabilities	305.92	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	Sep 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	294.58	210.08	95.49	49.88	41.22	39.54
Retained Earnings	-284.28	-241.53	-87.01	-10.07	-19.24	-5.19
Total Common Equity	10.32	-31.43	8.49	39.83	22	34.38
Minority Interest	-0.19	5.65	8.22	-0.15	-	-
Shareholders' Equity	10.13	-25.78	16.71	39.68	22	34.38
Total Liabilities & Equity	316.04	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	79.01	100.51	23.4	5.49	3.98	-
Net Cash (Debt)	-33.45	-56.43	-16.18	19.72	6.74	24.26
Net Cash Growth	-	-	-	192.58%	-72.22%	-
Net Cash Per Share	-0.19	-0.36	-0.12	0.14	0.28	0.99
Filing Date Shares Outstanding	196.51	169.51	27.44	25.01	24.99	22.67
Total Common Shares Outstanding	196.51	169.1	26.99	24.99	24.27	22.67
Working Capital	-86.76	-84.12	-27.11	20.94	10.79	21.99
Book Value Per Share	0.05	-0.19	0.31	1.59	0.91	1.52
Tangible Book Value	-72.11	-54.87	-8	36.45	18.71	31.45
Tangible Book Value Per Share	-0.37	-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: Nov 10, 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:

Nov 14, 2026

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