# Angel Studios, Inc. (ANGX)

**Exchange:** NYSE  
**Sector:** Communication Services  
**Market cap:** $453M  
**Price:** $2.92 (+2.82%)

> Angel Studios, Inc. is an independent media company and film distribution studio specializing in values-based entertainment. Headquartered in Provo, Utah, it produces and distributes films and television shows with uplifting themes, often featuring Christian elements, through its proprietary streaming platform accessible worldwide on various devices. Notable successes include the box office hit Sound of Freedom, which grossed over $250 million, and the crowdfunded series The Chosen, distributed across theaters, TV, and streaming. The company pioneered a unique community-driven model via the Angel Guild, where over 2 million paying members from more than 180 countries vote on projects, invest through equity crowdfunding, and promote content using a 'Pay It Forward' revenue system. Formerly VidAngel, it rebranded in 2021 after divesting its content filtering service and went public in 2025 via a reverse merger with Southport Acquisition Corporation. Angel Studios, Inc. empowers creators by providing technology to fund and launch original stories without traditional studio overhead, fostering passionate fan communities in the entertainment production sector.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $322M | $197M | -$164M | -$170M | — |
| 2024 | $97M | $52M | -$87M | -$88M | — |
| 2023 | $202M | $116M | $12M | $13M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $241M | $267M | -$26M | $44M | $46M |
| 2024 | $111M | $95M | -$9M | $7M | — |
| 2023 | $47M | $6M | -$3M | — | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | -$83M | — | — |
| 2024 | -$51M | — | — |
| 2023 | $15M | — | — |
| 2022 | $396,482 | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/ANGX)