Angel Studios, Inc. (ANGX)

Angel Studios Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	186.23	96.52	202.44	75.52	122.79
Revenue Growth (YoY)	-10.61%	-52.32%	168.07%	-38.50%	-
Cost of Revenue	65.13	42.07	86.03	40.39	-
Gross Profit	121.1	54.45	116.4	35.12	-
Selling, General & Admin	208.23	128.33	94.34	32.11	-
Research & Development	13.45	14.36	13.91	12.35	-
Other Operating Expenses	-1.68	-1.68	0	5.07	-
Operating Expenses	219.99	141.01	108.25	49.52	-
Operating Income	-98.88	-86.56	8.15	-14.4	-
Interest Expense	-5.16	-2.37	-3.66	-0.69	-
Interest & Investment Income	4.2	3.49	1.82	0.61	-
EBT Excluding Unusual Items	-96.42	-85.43	6.31	-14.48	-
Gain (Loss) on Sale of Investments	-1.5	-1	-	-	-
Pretax Income	-97.92	-86.43	6.31	-14.48	-
Income Tax Expense	7.94	3.53	-2.7	-0.77	-
Earnings From Continuing Operations	-105.86	-89.97	9.01	-13.71	-
Minority Interest in Earnings	0.09	0.17	0.15	-	-
Net Income	-105.77	-89.8	9.16	-13.71	17.12
Net Income to Common	-105.77	-89.8	9.16	-13.71	-
Shares Outstanding (Basic)	27	26	25	-	-
Shares Outstanding (Diluted)	27	26	26	-	-
Shares Change (YoY)	8.00%	-0.53%	-	-	-
EPS (Basic)	-3.92	-3.48	0.37	-	-
EPS (Diluted)	-3.92	-3.48	0.35	-	-
Free Cash Flow	-55.95	-60.54	5.34	-12.8	-
Free Cash Flow Per Share	-2.07	-2.35	0.21	-	-
Gross Margin	65.03%	56.42%	57.50%	46.51%	-
Operating Margin	-53.10%	-89.68%	4.03%	-19.06%	-
Profit Margin	-56.79%	-93.04%	4.53%	-18.16%	-
Free Cash Flow Margin	-30.04%	-62.72%	2.64%	-16.95%	-
EBITDA	-98.04	-85.63	9	-13.8	-
EBITDA Margin	-52.64%	-88.72%	4.45%	-18.28%	-
D&A For EBITDA	0.85	0.93	0.84	0.59	-
EBIT	-98.88	-86.56	8.15	-14.4	-
EBIT Margin	-53.10%	-89.68%	4.03%	-19.06%	-
Revenue as Reported	186.23	96.52	202.44	75.52	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.