Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2024 -52.3% Revenue growth, 20242 -2331.4% Return on equity2 Where the money goes Where each dollar of revenue went, fiscal 2024 Cost of revenue Research and development Other costs
Cost of revenue 44¢ $42.1M Research and development 15¢ $14.4M Other costs 38¢ $36.6M Income tax 4¢ $3.5M Out of $96.5M in revenue.2
Financial statements
Income statement Balance sheet Cash flow
Annual Quarterly
Revenue2 $96.5M in 2024+28% since 2022 0 $100.0M $200.0M $300.0M 2022: $75.5M $75.5M 2022 2023: $202.4M $202.4M 2023 +168% 2024: $96.5M $96.5M 2024 −52% Operating income2 -$86.6M in 2024+501% since 2022 -$100.0M -$75.0M -$50.0M -$25.0M 0 $25.0M 2022: -$14.4M -$14.4M 2022 2023: $8.2M $8.2M 2023 2024: -$86.6M -$86.6M 2024 Net income2 -$89.8M in 2024+555% since 2022 -$100.0M -$75.0M -$50.0M -$25.0M 0 $25.0M 2022: -$13.7M -$13.7M 2022 2023: $9.2M $9.2M 2023 2024: -$89.8M -$89.8M 2024 Revenue4 5 6 $87.6M in Q2 FY2025+431% since Q2 FY2024 0 $25.0M $50.0M $75.0M $100.0M Q2 FY2024: $16.5M $16.5M Q2 FY2024 Q3 FY2024: $20.1M $20.1M Q3 FY2024 +22% Q1 FY2025: $47.4M $47.4M Q1 FY2025 +136% Q2 FY2025: $87.6M $87.6M Q2 FY2025 +85% Operating income4 5 6 -$21.4M in Q2 FY2025−8% since Q2 FY2024 -$40.0M -$30.0M -$20.0M -$10.0M 0 Q2 FY2024: -$23.2M -$23.2M Q2 FY2024 Q3 FY2024: -$14.3M -$14.3M Q3 FY2024 −39% Q1 FY2025: -$33.7M -$33.7M Q1 FY2025 +136% Q2 FY2025: -$21.4M -$21.4M Q2 FY2025 −36% Net income4 5 6 -$15.9M in Q2 FY2025−29% since Q2 FY2024 -$40.0M -$30.0M -$20.0M -$10.0M 0 Q2 FY2024: -$22.5M -$22.5M Q2 FY2024 Q3 FY2024: -$13.9M -$13.9M Q3 FY2024 −38% Q1 FY2025: -$37.4M -$37.4M Q1 FY2025 +170% Q2 FY2025: -$15.9M -$15.9M Q2 FY2025 −58% Fiscal year 2021 2022 2023 2024 Revenue $75.5M2 $202.4M2 $96.5M2 Cost of revenue $40.4M2 $86.0M2 $42.1M2 Research and development $12.3M2 $13.9M2 $14.4M2 Operating income -$14.4M2 $8.2M2 -$86.6M2 Income tax -$765.2K2 -$2.7M2 $3.5M2 Net income -$13.7M2 $9.2M2 -$89.8M2 Earnings per share -$0.562 $0.372 -$3.482 Earnings per share (diluted) -$0.562 $0.352 -$3.482
Total assets2 $98.5M in 2024+0% since 2023 0 $25.0M $50.0M $75.0M $100.0M 2023: $98.3M $98.3M 2023 2024: $98.5M $98.5M 2024 +0% Total liabilities2 $94.7M in 2024+62% since 2023 0 $25.0M $50.0M $75.0M $100.0M 2023: $58.6M $58.6M 2023 2024: $94.7M $94.7M 2024 +62% Shareholders’ equity2 $3.9M in 2024−89% since 2021 0 $10.0M $20.0M $30.0M $40.0M 2021: $34.4M $34.4M 2021 2022: $22.0M $22.0M 2022 −36% 2023: $39.7M $39.7M 2023 +80% 2024: $3.9M $3.9M 2024 −90% Cash2 $7.2M in 2024−70% since 2021 0 $10.0M $20.0M $30.0M 2021: $24.3M $24.3M 2021 2022: $10.7M $10.7M 2022 −56% 2023: $25.2M $25.2M 2023 +135% 2024: $7.2M $7.2M 2024 −71% Total assets7 5 6 4 $148.1M in Q2 FY2025+101% since Q2 FY2024 0 $50.0M $100.0M $150.0M Q2 FY2024: $73.8M $73.8M Q2 FY2024 Q3 FY2024: $83.1M $83.1M Q3 FY2024 +13% Q1 FY2024: $98.5M $98.5M Q1 FY2024 +19% Q2 FY2024: $98.5M $98.5M Q2 FY2024 +0% Q1 FY2025: $118.6M $118.6M Q1 FY2025 +20% Q2 FY2025: $148.1M $148.1M Q2 FY2025 +25% Total liabilities7 5 6 4 $140.3M in Q2 FY2025+128% since Q2 FY2024 0 $50.0M $100.0M $150.0M Q2 FY2024: $61.6M $61.6M Q2 FY2024 Q3 FY2024: $61.0M $61.0M Q3 FY2024 −1% Q1 FY2024: $94.7M $94.7M Q1 FY2024 +55% Q2 FY2024: $94.7M $94.7M Q2 FY2024 +0% Q1 FY2025: $124.5M $124.5M Q1 FY2025 +32% Q2 FY2025: $140.3M $140.3M Q2 FY2025 +13% Shareholders’ equity4 5 6 $7.8M in Q2 FY2025−36% since Q2 FY2024 -$10.0M 0 $10.0M $20.0M $30.0M Q2 FY2024: $12.2M $12.2M Q2 FY2024 Q3 FY2024: $12.2M $12.2M Q3 FY2024 +0% Q3 FY2024: $22.1M $22.1M Q3 FY2024 +81% Q1 FY2024: $3.9M $3.9M Q1 FY2024 −83% Q2 FY2024: $3.9M $3.9M Q2 FY2024 +0% Q1 FY2025: -$6.0M -$6.0M Q1 FY2025 Q2 FY2025: -$6.0M -$6.0M Q2 FY2025 +0% Q2 FY2025: $7.8M $7.8M Q2 FY2025 Cash7 5 6 4 $28.0M in Q2 FY2025+538% since Q2 FY2024 0 $10.0M $20.0M $30.0M Q2 FY2024: $4.4M $4.4M Q2 FY2024 Q3 FY2024: $11.3M $11.3M Q3 FY2024 +159% Q1 FY2024: $7.2M $7.2M Q1 FY2024 −36% Q2 FY2024: $7.2M $7.2M Q2 FY2024 +0% Q1 FY2025: $14.2M $14.2M Q1 FY2025 +97% Q2 FY2025: $28.0M $28.0M Q2 FY2025 +97% Fiscal year 2021 2022 2023 2024 Cash $24.3M2 $10.7M2 $25.2M2 $7.2M2 Current assets $65.1M2 $52.9M2 Total assets $98.3M2 $98.5M2 Current liabilities $44.1M2 $80.1M2 Total liabilities $58.6M2 $94.7M2 Shareholders’ equity $34.4M2 $22.0M2 $39.7M2 $3.9M2 Shares outstanding 25.0M shares2 27.0M shares2
Cash from operations2 -$60.2M in 2024+416% since 2022 -$80.0M -$60.0M -$40.0M -$20.0M 0 $20.0M 2022: -$11.7M -$11.7M 2022 2023: $5.9M $5.9M 2023 2024: -$60.2M -$60.2M 2024 Share buybacks2 $706.6K in 2024+65% since 2022 0 $200.0K $400.0K $600.0K $800.0K 2022: $427.2K $427.2K 2022 2023: $107.1K $107.1K 2023 −75% 2024: $706.6K $706.6K 2024 +560% Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Fiscal year 2021 2022 2023 2024 Cash from operations -$11.7M2 $5.9M2 -$60.2M2 Share buybacks $427.2K2 $107.1K2 $706.6K2
Compare Angel Studios, Inc. with another company
Former names
Angel Studios Legacy, Inc. Jul 16, 2025 to Jul 16, 20253 VidAngel, Inc. Apr 12, 2016 to Mar 5, 20213
Recent filings
Sep 10, 2025 8-K Sep 8, 2025 8-K Sep 5, 2025 8-K Aug 15, 2025 8-K Aug 13, 2025 10-Q Aug 4, 2025 8-K Jul 21, 2025 3 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJul 21, 2025 4 OWNERSHIP DOCUMENTJun 16, 2025 8-K Every filing from the last three years, summarized . The full record is on SEC EDGAR.1
