Angel Studios financials
$4.66+1.97%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 |
|---|---|---|---|---|
| Revenue | $111.7M | $115.1M | $109.9M | $76.5M |
| Gross profit | $60.0M | $71.1M | $66.2M | $42.2M |
| Gross margin | 53.7% | 61.8% | 60.2% | 55.1% |
| Operating income | -$18.5M | -$2.7M | -$70.9M | -$38.1M |
| Net income | -$23.8M | -$13.8M | -$78.6M | -$38.6M |
| Net margin | −21.3% | −12.0% | −71.5% | −50.4% |
| Diluted EPS | $-0.13 | $-0.08 | $-0.46 | $-0.25 |
| EBITDA | -$14.5M | $2.3M | -$56.3M | -$35.3M |
| Operating cash flow | $16.9M | $1.9M | -$24.7M | -$58.1M |
| Free cash flow | $16.8M | $1.9M | -$24.8M | -$58.5M |
| Diluted shares | 184.2M | 169.4M | 169.2M | 156.8M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 |
|---|---|---|---|---|
| Cash & equivalents | $48.0M | $38.9M | $44.1M | $63.3M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $74.6M | $102.3M | $97.2M | $50.7M |
| Total assets | $235.1M | $213.1M | $241.4M | $197.0M |
| Total liabilities | $264.4M | $254.5M | $267.2M | $159.8M |
| Shareholders' equity | -$29.3M | -$41.5M | -$25.8M | $37.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology