Angel Studios, Inc.
ANGX· NYSE· Services-Motion Picture & Video Tape Production
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- –
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- –
We record prices for the companies we cover; ANGX is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 155.3M
- Revenue
- $321.6M
- Free cash flow
- –
- Owner earnings
- –
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- -51.0%
- Net
- -53.0%
- Free cash flow
- –
- Owner earnings
- –
- Stock pay
- 3.0%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- –
- ROE, 5 yr avg
- –
Growth (CAGR)
- Revenue, 3 yr
- –
- Revenue, 5 yr
- –
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
Financial health · FY2025
- Cash and investments
- $44.1M
- Total debt
- $45.5M
- Net debt
- $1.4M
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$321.6M
+26.0% a year over 3 years
FY2022FY2025
Margins
Operating-51.0%Net-53.0%
FY2025
FY2022FY2025
Diluted shares
155.3M
+11.0% over 3 years, net dilution
FY2022FY2025
Net debt (below zero)
-$1.4M
$1.4M more debt than cash
FY2022FY2025
Every figure, year by year
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| The business | ||||
| Revenue | – | $202.4M | $96.5M | $321.6M |
| Revenue growth | – | – | -52.3% | 233.2% |
| Gross margin | – | – | – | – |
| Operating margin | – | 6.1% | -89.8% | -51.0% |
| Net income | $18.1M | $13.4M | -$88.3M | -$170.5M |
| Net margin | – | 6.6% | -91.5% | -53.0% |
| Diluted EPS | – | $0.10 | $-0.64 | $-1.10 |
| Return on invested capital? | – | – | – | – |
| Cash | ||||
| Operating cash flow | $396.5K | $15.2M | -$51.3M | -$83.3M |
| Capital expenditure | – | – | – | – |
| Free cash flow | – | – | – | – |
| Stock-based compensation | – | $1.0M | $3.6M | $9.7M |
| Owner earnings? | – | – | – | – |
| Free cash flow per share | – | – | – | – |
| Capital allocation | ||||
| Dividends paid | – | – | – | – |
| Share repurchases | – | $107.1K | $706.6K | $437.8K |
| Diluted shares | – | 139.9M | 138.0M | 155.3M |
| Share count change? | – | – | -1.3% | 12.5% |
| Balance sheet | ||||
| Cash and equivalents | $10.7M | $25.2M | $7.2M | $44.1M |
| Short-term investments | – | – | – | – |
| Total debt | – | – | – | $45.5M |
| Net debt | – | – | – | $1.4M |
| Shareholders' equity | -$1.5M | -$3.4M | -$8.5M | -$25.8M |
Latest filings
| 2026-08-04 | 10-Q | Quarterly report |
| 2026-08-04 | 8-K | Earnings release |
| 2026-04-30 | 10-Q | Quarterly report |
| 2026-04-30 | 8-K | Earnings release |
| 2026-04-08 | DEF 14A | Proxy statement |
| 2026-03-12 | 10-K | Annual report |
| 2026-03-12 | 8-K | Earnings release |
| 2025-11-13 | 10-Q | Quarterly report |
| 2025-11-13 | 8-K | Earnings release |
| 2025-08-14 | 10-Q | Quarterly report |
More from our coverage
- MSFTPlatforms8.4MicrosoftThe most entrenched software franchise in the enterprise, now spending its cash flow on AI capacity; a great business we would own with a margin of safety, not at any price.Base value $410.29
- NVDAAI infrastructure8.4NVIDIAThe best business in technology at the top of its cycle: the moat is CUDA as much as silicon, but today's margins are a peak, not a floor.Base value $104.32
- AAPLHardware7.6AppleOne of the highest-quality businesses in the world growing in the low single digits; the price usually assumes more growth than the numbers show.Base value $134.27
- GOOGLPlatforms7.4AlphabetSearch pays for everything, and AI is both its biggest threat and its biggest opportunity; the price has to allow for search being worth less than it was.Base value $209.60
- NOWSoftware7.4ServiceNowA rare enterprise platform still growing above 20% with high retention; the free cash flow is real but stock pay takes a large share of it.Base value $189.13
- ADBESoftware7.4AdobeSuperb margins and a shrinking share count, priced for decline; the question is whether AI makes Adobe's tools more valuable or makes them unnecessary.Base value $449.35
