Company research
Angel Studios, Inc.
CIK 1865200Updated Sep 25, 2026
Name history
Southport Acquisition Corp · through Sep 10, 2025
ANGX price & chart
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NYSE:ANGX on TradingView ↗About the company
Angel (NYSE: ANGX) is a media and technology company successfully pioneering a first-of-its-kind audience-driven model. Founded by brothers who struggled to find films they could watch with their children, Angel was built on the belief that there was a global audience hungry for values-driven storytelling that amplifies light, celebrates hope, and inspires the moral imagination of viewers. That audience became the Angel Guild, a rapidly growing community of over 2.85 million paying members* who watch, screen, and vote on which films and television series get produced and distributed on the Angel platform. According to Rotten Tomatoes, Angel’s releases average among the highest audience satisfaction scores in the industry.** It has done so while evolving a new economic model that shares profits more fully with filmmakers, with cumulative earnings of nearly $300 million. For more information, visit www.angel.com.
In the news
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 241,411,563Source | 1,055,129Source | 46,881,358Source | 238,262,965Source |
| Property, Plant and Equipment, NetUSD | 709,845Source | 778,927Source | — | — |
| Intangible Assets, Net (Excluding Goodwill)USD | 3,850,035Source | — | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 44,083,233Source | — | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 51,122,866Source | — | — | — |
| Inventory, NetUSD | 1,264,101Source | — | — | — |
| Assets, CurrentUSD | 134,877,955Source | 625,978Source | 2,171,553Source | 278,452Source |
| Prepaid Expense and Other Assets, CurrentUSD | 13,515,986Source | — | — | — |
| Operating Lease, Right-of-Use AssetUSD | 3,240,021Source | — | — | — |
| Other Assets, NoncurrentUSD | 89,924Source | — | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 267,191,887Source | 9,127,425Source | 5,560,518Source | 1,735,029Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 16,909Source | — | — | — |
| Additional Paid in CapitalUSD | — | 713,997Source | 760,971Source | — |
| Retained Earnings (Accumulated Deficit)USD | -241,531,068Source | -9,216,019Source | -4,150,511Source | -1,457,152Source |
| Stockholders' Equity Attributable to ParentUSD | — | -8,501,447Source | -3,388,965Source | -1,456,577Source |
| Additional Paid in Capital, Common StockUSD | 210,079,998Source | — | — | — |
| Liabilities and EquityUSD | 241,411,563Source | 1,055,129Source | 46,881,358Source | 238,262,965Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 218,999,140Source | 4,488,425Source | 4,980,018Source | 1,207,979Source |
| Operating Lease, Liability, CurrentUSD | 1,284,747Source | — | — | — |
| Accounts Payable, CurrentUSD | 39,960,272Source | 205,082Source | 99,468Source | 97,987Source |
| Operating Lease, Liability, NoncurrentUSD | 2,058,585Source | — | — | — |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 5,653,837Source | — | — | — |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 24,487,884Source | — | — | — |
| Deferred Tax Liabilities, NetUSD | — | 449Source | 55,525Source | — |
| Long-term DebtUSD | 45,500,000Source | — | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -170,491,321Source | -5,107,051Source | 2,729,602Source | 18,132,948Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 14,419,077Source | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 9,666,985Source | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 35,122,339Source | — | — | — |
| Increase (Decrease) in InventoriesUSD | -447,537Source | — | — | — |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -83,331,965Source | -2,284,359Source | 5,542,225Source | 396,482Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -55,585,348Source | 44,282,258Source | 193,473,127Source | -2,624,298Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 437,791Source | — | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 175,788,720Source | -43,674,478Source | -196,894,657Source | 328,131Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 44,083,233Source | 494,974Source | 2,171,553Source | 50,858Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,814,377Source | — | — | — |
| Income Taxes Paid, NetUSD | -293,057Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 9,666,985Source | — | — | — |
| Amortization of Intangible AssetsUSD | 1,100,000Source | — | — | — |
| Capitalized Computer Software, AmortizationUSD | 8,200,000Source | — | — | — |
| DepreciationUSD | 600,000Source | — | — | — |
| Equity Method Investment, Other than Temporary ImpairmentUSD | 0Source | — | — | — |
| General and Administrative ExpenseUSD | 37,865,112Source | — | — | — |
| Impairment of Intangible Assets, Finite-livedUSD | 0Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 271,703Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | 152,466Source | 1,319,280Source | 362,282Source |
| InterestExpenseNonoperatingUSD | 11,834,846Source | 274,973Source | — | — |
| Investment Income, InterestUSD | 5,445,207Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -170,478,642Source | -5,107,051Source | 2,729,602Source | 18,132,948Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -12,679Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -5,107,051Source | 2,729,602Source | — |
| Nonoperating Income (Expense)USD | -6,382,843Source | -3,367,299Source | — | — |
| Operating Lease, ExpenseUSD | 1,100,000Source | — | — | — |
| Other Nonoperating Income (Expense)USD | 1,799,524Source | — | — | — |
| Proceeds from Contributed CapitalUSD | — | 644,227Source | 800,000Source | — |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | 83,581Source |
| Proceeds from Issuance of Common StockUSD | 104,148,424Source | — | — | — |
| Proceeds from Noncontrolling InterestsUSD | 13,730,922Source | — | — | — |
| Proceeds from Stock Options ExercisedUSD | 636,449Source | — | — | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | 759,525Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 321,558,306Source | — | — | — |
| Cost of Goods and Services Sold | — | — | — | — |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -164,108,478Source | -1,587,286Source | -1,670,440Source | -1,577,543Source |
| Other Nonoperating Income (Expense)USD | 1,799,524Source | — | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -170,491,321Source | -4,954,585Source | 4,048,882Source | 18,495,230Source |
| Income Tax Expense (Benefit)USD | — | 152,466Source | 1,319,280Source | 362,282Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -12,679Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -170,478,642Source | -5,107,051Source | 2,729,602Source | 18,132,948Source |
| Earnings Per Share, BasicUSD per share | -1.1Source | — | — | — |
| Earnings Per Share, DilutedUSD per share | -1.1Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basicshares | 155,250,925Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 155,250,925Source | — | — | — |
| Interest Expense (non-operating)USD | 11,834,846Source | 274,973Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 1,100,000Source | — | — | — |
| Capitalized Computer Software, AmortizationUSD | 8,200,000Source | — | — | — |
| Costs and ExpensesUSD | 485,666,784Source | — | — | — |
| General and Administrative ExpenseUSD | 37,865,112Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | 271,703Source | — | — | — |
| Interest ExpenseUSD | — | — | 934,906Source | — |
| Investment Income, InterestUSD | 5,445,207Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | -5,107,051Source | 2,729,602Source | — |
| Nonoperating Income (Expense)USD | -6,382,843Source | -3,367,299Source | — | — |
| Operating Lease, ExpenseUSD | 1,100,000Source | — | — | — |
| Other Cost and Expense, OperatingUSD | — | 14,302Source | 7,795Source | 2,458Source |
| Other General and Administrative ExpenseUSD | — | — | — | 217,424Source |
| Research and Development ExpenseUSD | 15,527,749Source | — | — | — |
| Selling and Marketing ExpenseUSD | 297,318,582Source | — | — | — |
Offerings
Registration 333-297140
Registration 333-290281
Registration 333-283151
Registration 333-283151-01
Filing attachments
angx-20260804xex99d1.htm · 8-K · 2026-08-04
EX-99.1 2 angx-20260804xex99d1.htm EX-99.1 Exhibit 99.1 Angel Reports Second Quarter 2026 Results: Guild Membership Climbs 99.2% Year-Over-Year ~ Guild Revenue of $90.7 Million, Up 93.8% Year-Over-Year ~ ~ Guild Selling & Marketing Expense Falls to 52.8% of Guild Revenue in Q2 2026, Reduced from 71.6% in Q2 2025 ~ PROVO, Utah - August 4, 2026 - Angel (NYSE: ANGX) (the “Company”), a media and technology company successfully pioneering a first of its kind audience-driven model in which Ang…
Read attachment ↗tm2613040d1_ex4-6.htm · S-4 · 2026-06-30
EX-4.6 2 tm2613040d1_ex4-6.htm EXHIBIT 4.6 Exhibit 4.6 DESCRIPTION OF SECURITIES The following sets forth a summary of certain terms of the securities of Angel Studios, Inc. (the “Company”), a corporation formed under the laws of the State of Delaware. The rights of the Company’s stockholders are governed by the Delaware General Corporation Law (the “DGCL”), the Amended and Restated Certificate of Incorporation, as amended (the “Charter”), and the Amended and Restated Bylaws (the “Bylaws”)…
Read attachment ↗tm2613040d1_ex99-1.htm · S-4 · 2026-06-30
EX-99.1 9 tm2613040d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Angel Studios, Inc. Fairness Opinion for the Acquisition of Toothy Cow Productions, LLC Economics Partners, LLC 2050 M Street N.W., Suite 800 Washington, D.C. November 2025 Angel Studios, Inc. Fairness Opinion of Wingfeather Saga TV Series Page | i Table of Contents Introduction 1 A. Purpose …
Read attachment ↗tm2613040d1_ex99-2.htm · S-4 · 2026-06-30
EX-99.2 10 tm2613040d1_ex99-2.htm EXHIBIT 99.2 Exhibit 99.2 Angel Studios, Inc. Fairness Opinion for the Acquisition of Tuttle Twins Show, LLC Economics Partners, LLC 2050 M Street N.W., Suite 800 Washington, D.C. November 2025 Angel Studios, Inc. Fairness Opinion of Tuttle Twins TV Series Page | i Table of Contents I. Introduction 1 A. …
Read attachment ↗tm2611364d2_ex99-1.htm · 8-K · 2026-04-13
EX-99.1 4 tm2611364d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Contact: Press@angel.com FOR IMMEDIATE RELEASE April 10, 2026 ANGEL ANNOUNCES PRICING OF $30 MILLION PUBLIC OFFERING OF COMMON STOCK PROVO, Utah - Angel Studios, Inc. (NYSE: ANGX) (the “Company”), a media and technology company successfully pioneering a first-of-its-kind audience-driven studio model, today announced that it priced its underwritten public offering of 14,300,000 shares of its Class A common stock (the “Common Stoc…
Read attachment ↗angx-20251114xex99d1.htm · 8-K/A · 2025-11-14
EX-99.1 2 angx-20251114xex99d1.htm EX-99.1 Exhibit 99.1 Angel Expands Franchise Ownership with Three Strategic Acquisitions ~ Angel Acquires Tuttle Twins, Homestead, and The Wingfeather Saga Intellectual Property, Strengthening Platform Engagement and Long-Term Franchise Ownership Strategy ~ Provo, UT - November 14, 2025 - Angel (NYSE: ANGX) (the “Company”), a media and technology company guided by 1.6 million grassroots Angel Guild members championing values-driven stories, today announc…
Read attachment ↗