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Friday 6 November 2026
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Angel Studios, Inc.
ANGX Communication Services Entertainment
Angel Studios, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $321.6 million, up 233.2% from fiscal 2024.
- Revenue
- +27.5%
- EPS
- −23.7%
- Free cash flow
- +208.1%
- Total debt
- +21,026.5%
Quarter to June 2026, against a year earlier
3.32
0.35
−9.54%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 202 | 97 | 322 | 413 | +26.0% | — | — | — | — | |
| Gross margin, % | — | — | — | — | — | — | — | 57.50 | 54.04 | 61.17 | 57.94 | +3.7 pt | ||||||
| EBT | — | — | — | — | — | 0 | 18 | 11 | (85) | (170) | (155) | n/m | ||||||
| EBT margin, % | — | — | — | — | — | 0.00 | 0.00 | 5.19 | (87.98) | (53.02) | (37.51) | (53.0) pt | ||||||
| Net income | — | 0 | — | — | — | 0 | 18 | 13 | (88) | (170) | (155) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | 0.00 | 0.00 | 1.53 | 0.70 | 2.07 | 2.24 | n/m | |||||
| Earnings | — | — | — | — | — | 0.00 | 0.51 | 0.10 | (0.64) | (1.10) | (0.93) | n/m | ||||||
| Cash flow | — | — | — | — | — | 0.00 | 0.07 | 0.11 | (0.37) | (0.54) | (0.24) | n/m | ||||||
| Capex | — | — | — | — | — | 0.00 | 0.00 | (0.07) | (0.05) | (0.08) | (0.06) | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0.00 | 0.07 | 0.04 | (0.42) | (0.61) | (0.30) | n/m | ||||||
| Book value | — | — | — | — | — | 0.00 | (0.25) | (0.03) | 0.12 | (0.17) | (0.16) | n/m | ||||||
| Shares, m | — | — | — | — | — | 29 | 6 | 133 | 138 | 155 | 166 | +52.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 106.82 | 0.00 | 0.00 | 0.00 | 35.6 | |||||
| P/S | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.25 | 1.48 | 0.8 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 92.01 | 0.00 | 0.00 | 30.7 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.25 | 1.50 | 0.7 | ||||||
| EV/FCF | — | — | — | — | — | — | — | 3.91 | (22.13) | (7.57) | (10.81) | (8.6) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | 0 | 0 | 15 | (51) | (83) | (44) | n/m | |||||
| Capex | — | — | — | — | — | 0 | — | (10) | (7) | (12) | (10) | n/m | ||||||
| Free cash flow | — | — | — | — | — | 0 | 0 | 6 | (58) | (95) | (55) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | 1 | (1) | (3) | (27) | (84) | (67) | n/m | |||||
| Net debt | — | — | — | — | — | (2) | 0 | (2) | 2 | (2) | 9 | +5.2% | ||||||
| Shareholders’ equity | — | — | — | — | — | (24) | (1) | (3) | 17 | (26) | (29) | +1.5% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | 0.00 | 1.24 | 9.37 | (111.55) | (96.65) | (131.41) | (96.6) pt | |||||
| ROIC | — | — | — | — | — | 0.00 | 0.00 | 0.00 | (291.26) | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | — | — | — | — | — | 0.00 | (22.94) | (551.63) | (1,325.53) | 3,758.22 | 784.88 | +3,758.2 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | — | 311 | — | — | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.00 | 1.03 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Angel Studios, Inc. vs peers in Entertainment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| IMAX IMAX Corporation | $2.6B | 19.9× | 29.8× | +63.66% (above 0%: growing) | +444.74% (above 0%: growing) | +28.64% (above 0%: growing) | 72.36% | 42.90% | Compare |
| MCS Marcus Corporation (The) | $817.6M | 33.7× | 33.2× | +13.13% (above 0%: growing) | +16.42% (above 0%: growing) | +50.55% (above 0%: growing) | 47.79% | 12.74% | Compare |
| RSVR Reservoir Media, Inc. | $681.1M | 60.2× | 76.2× | +9.85% (above 0%: growing) | +133.33% (above 0%: growing) | +19.43% (above 0%: growing) | 64.43% | 24.57% | Compare |
| ANGX Angel Studios, Inc. | $618.2M | — (loss-making) | — | +27.46% (above 0%: growing) | n/m | +208.11% (above 0%: growing) | 53.67% | (16.57%) | |
| IQ iQIYI, Inc. Sponsored ADR | $478.2M | — (loss-making) | — (loss-making) | +1.15% (above 0%: growing) | n/m | −86.82% (below 0%: shrinking) | 16.50% | (1.67%) | Compare |
| STRZ Starz Entertainment Corp. | $419.7M | — (loss-making) | — (loss-making) | +0.47% (above 0%: growing) | n/m | +141.85% (above 0%: growing) | 100.00% | (6.58%) | Compare |
| AMCX AMC Global Media Inc. | $347.7M | — (loss-making) | 9.3× | −8.75% (below 0%: shrinking) | n/m | −54.81% (below 0%: shrinking) | 47.25% | 2.90% | Compare |
| PLAY Dave & Buster's Entertainment, Inc. | $283.7M | — (loss-making) | — (loss-making) | −2.39% (below 0%: shrinking) | n/m | +31.34% (above 0%: growing) | 84.71% | 3.57% | Compare |
| AENT Alliance Entertainment Holding Corporation | $216.7M | 16.8× | 9.0× | +17.72% (above 0%: growing) | n/m | −185.11% (below 0%: shrinking) | 13.06% | (1.46%) | Compare |
| Median of peers | $449.0M | 26.8× | 29.8× | +5.50% | +133.33% | +24.04% | 56.11% | 3.24% |
Pay and ownership Proxy statement filed 8 April 2026
Ownership
Directors and executive officers, together
69.24% of the votes
Neal Harmon
32.68% of the votes
Jeffrey Harmon
32.57% of the votes
Entities affiliated with Stephen Oskoui
2.86% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement