Angel Studios Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	28	7.21	25.2	10.72	24.26
Cash & Short-Term Investments	28	7.21	25.2	10.72	24.26
Cash Growth	538.36%	-71.38%	135.05%	-55.80%	-
Accounts Receivable	20.91	16.23	24.14	7.19	10.44
Other Receivables	37.54	8.79	7.85	-	-
Receivables	59.87	25.77	32.7	9.38	11.8
Inventory	1.47	1.71	2.84	0.5	1.87
Prepaid Expenses	9.77	9.15	4.32	1.62	-
Other Current Assets	10.02	9.11	-	-	-
Total Current Assets	109.13	52.95	65.06	22.22	41.63
Property, Plant & Equipment	3.16	3.52	2.5	3.28	0.71
Long-Term Investments	12.14	9.07	4.5	2.77	-
Other Intangible Assets	3.75	3.63	3.38	3.29	-
Long-Term Deferred Tax Assets	-	-	4	-	-
Other Long-Term Assets	15.82	25.12	14.32	3.08	-
Total Assets	148.09	98.52	98.26	39.39	59.31
Accounts Payable	7.83	7.93	3.17	1.02	1.27
Accrued Expenses	41.02	28.44	30.97	6.89	-
Short-Term Debt	4.02	20.57	4.16	2	-
Current Portion of Leases	0.78	0.67	0.36	0.65	-
Current Income Taxes Payable	-	-	1.28	-	-
Current Unearned Revenue	40.11	22.17	3.92	0.63	-
Other Current Liabilities	0.29	0.28	0.25	0.23	-
Total Current Liabilities	123.69	80.06	44.12	11.43	19.64
Long-Term Leases	1.86	2.15	0.96	1.33	-
Other Long-Term Liabilities	8.97	12.46	13.5	4.63	5.29
Total Liabilities	140.3	94.67	58.58	17.39	24.93
Common Stock	0.03	0.03	0.02	0.02	-
Additional Paid-In Capital	140.13	95.47	49.88	41.22	-
Retained Earnings	-137.21	-99.87	-10.07	-19.24	-
Total Common Equity	2.95	-4.37	39.83	22	34.38
Minority Interest	4.84	8.22	-0.15	-	-
Shareholders' Equity	7.79	3.85	39.68	22	34.38
Total Liabilities & Equity	148.09	98.52	98.26	39.39	59.31
Total Debt	42.07	23.4	5.49	3.98	-
Net Cash (Debt)	-14.07	-16.18	19.72	6.74	-
Net Cash Growth	-	-	192.58%	-	-
Net Cash Per Share	-0.52	-0.63	0.76	-	-
Filing Date Shares Outstanding	28.58	26.99	25.01	-	-
Total Common Shares Outstanding	28.5	26.99	24.99	-	-
Working Capital	-14.56	-27.11	20.94	10.79	-
Book Value Per Share	0.10	-0.16	1.59	-	-
Tangible Book Value	-0.8	-8	36.45	18.71	-
Tangible Book Value Per Share	-0.03	-0.30	1.46	-	-
Machinery	-	2.43	2.32	1.72	-
Leasehold Improvements	-	0.45	0.42	0.59	-

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