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Angel Studios, Inc. revenue

Angel Studios, Inc.'s revenue was $322m in fiscal 2025, up 233.2% on the year before. Over the last twelve months it was $413m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue20297322413
Growth on the year before—−52.3%+233.2%—
Gross profit11652197239
Gross margin57.5%54.0%61.2%57.9%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Entertainment Licensed Content and Other Revenue $320M 99.1% ▲ 260.5%
Angel Guild Revenue $210M 65.6% ▲ 488.3%
Theatrical Release Revenue $77M 24.1% ▲ 161.5%
Content Licensing $24.5M 7.7% ▲ 47.5%
Merchandise Revenue $7.4M 2.3% ▲ 26.7%
Entertainment Pay It Forward Revenue $1.8M 0.6% ▼ 77.0%
Entertainment Pay It Forward Revenue Not Related To Theatrical Releases $1.1M 60.0% ▼ 80.8%
Entertainment Pay It Forward Revenue Related To Theatrical Releases $719,370 40.0% ▼ 67.5%
Other $1.2M 0.4% ▼ 0.2%

From Angel Studios, Inc.'s 10-K filed March 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Revenue against peers

Movies & Entertainment: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Angel Studios, Inc. $413m 121.9% —
Atlanta Braves Holdings, Inc. $750m 6.8% 6.7%
Reading International Inc $214m -2.2% 0.8%
Marcus Corp $817m 8.5% 3.8%
Huya Inc. $905m 7.1% —
Manchester United plc $910m 5.4% —

Compare with peers

Head to head: ANGX vs BATRAANGX vs RDIANGX vs MCS

More: Movies & Entertainment stocks compared, Communication Services sector, rankings of US companies

Figures from Angel Studios, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Angel Studios, Inc.