Angel Studios, Inc. Class A (ANGX)
NYSE:ANGX
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Angel Studios Inc Class A
(NYSE:ANGX)
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Rating:43Neutral
Price Target:
$2.50
▼(-4.58% Downside)
Action:Reiterated
Date:05/02/26
The score is primarily weighed down by weak financial performance—large operating losses, heavy cash burn, negative equity, and rising debt—despite strong revenue growth and solid gross margins. Technicals show only a modest near-term bounce within a broader downtrend, while valuation is constrained by negative earnings and no dividend support; recent credit covenant tightening adds further liquidity risk.
Positive Factors
Top-line growth & strong gross margins
Sustained TTM revenue growth of ~21% combined with a ~61.7% gross margin indicates durable product-market fit and favorable unit economics. Over the next 2–6 months this supports monetization of new content, licensing deals and scaling revenue without proportionate content-cost erosion.
Negative Factors
Deep and persistent operating losses
A TTM net margin near -53% and sustained operating losses signal a cost base that is not yet scalable to revenue. Persisting losses erode equity, limit reinvestment capacity, and increase reliance on external financing, making path to durable profitability uncertain in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line growth & strong gross margins
Sustained TTM revenue growth of ~21% combined with a ~61.7% gross margin indicates durable product-market fit and favorable unit economics. Over the next 2–6 months this supports monetization of new content, licensing deals and scaling revenue without proportionate content-cost erosion.
Read all positive factors
Angel Studios Inc Class A (ANGX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$497.72M
Dividend YieldN/A
Average Volume (3M)1.92M
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue GrowthN/A
EPS Growth-19.50%
CountryUS
Employees219
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.90
Shares Outstanding129,624,360
10 Day Avg. Volume1,387,734
30 Day Avg. Volume1,916,937
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)-23.06
Price to Sales (P/S)2.25
P/FCF Ratio-8.65
Enterprise Value/Market Cap0.94
Enterprise Value/Revenue1.20
Enterprise Value/Gross Profit1.95
Enterprise Value/Ebitda-4.28
Forecast
1Y Price Target
$7.83Price Target Upside198.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)-0.42
Revenue Forecast (FY)$470.48M
Angel Studios Inc Class A Business Overview & Revenue Model
Company Description
Angel Studios, Inc. produce and distribute films and television shows by creators through its streaming platform. The company's platform allows users to watch movies, shows, and documentaries for all ages. In addition, the company sells physical m...
How the Company Makes Money
Angel Studios makes money primarily through content distribution and licensing revenue, as well as through viewer subscriptions and pay-per-view offerings for its proprietary digital platform. The company utilizes a crowdfunding approach to fund p...
Angel Studios Inc Class A Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
18
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 389.22M | 321.56M | 96.52M | 202.44M | 75.52M | 0.00 |
| Gross Profit | 239.84M | 196.70M | 54.45M | 116.40M | 35.12M | 0.00 |
| EBITDA | -109.24M | -143.31M | -82.38M | 11.56M | -12.66M | 2.94M |
| Net Income | -146.87M | -170.48M | -89.80M | 9.16M | -13.71M | 2.33M |
Balance Sheet | ||||||
| Total Assets | 213.09M | 241.41M | 98.52M | 98.26M | 39.39M | 236.63M |
| Cash, Cash Equivalents and Short-Term Investments | 38.88M | 44.08M | 7.21M | 25.20M | 10.72M | 1.95M |
| Total Debt | 105.31M | 58.82M | 14.28M | 5.49M | 3.98M | 0.00 |
| Total Liabilities | 254.55M | 267.19M | 94.67M | 58.58M | 17.39M | 26.29M |
| Stockholders Equity | -41.29M | -31.43M | -4.37M | 39.83M | 22.00M | 210.34M |
Cash Flow | ||||||
| Free Cash Flow | -100.96M | -83.84M | -60.54M | 5.34M | -12.80M | 794.34K |
| Operating Cash Flow | -93.42M | -83.33M | -60.23M | 5.91M | -11.66M | 794.34K |
| Investing Cash Flow | -67.12M | -57.61M | -3.91M | -688.11K | -3.50M | -234.60M |
| Financing Cash Flow | 206.19M | 177.81M | 46.15M | 9.25M | 1.62M | 235.76M |
Angel Studios Inc Class A Risk Analysis
Angel Studios Inc Class A disclosed 53 risk factors in its most recent earnings report. Angel Studios Inc Class A reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Angel Studios Inc Class A Peers Comparison
UnderperformOutperform
Sector (60)
ANGX
Angel Studios Inc Class A
2.54
-9.51
-78.92%
VELO
Velo3D
16.99
11.59
214.63%
KWM
K WAVE MEDIA
0.25
-1.49
-85.52%
VACH
Voyager Acquisition Corp. Class A
10.53
0.22
2.13%
Angel Studios Inc Class A Corporate Events
Financial Disclosures
Angel Studios Issues Preliminary First-Quarter 2026 Financial Outlook
Neutral
Apr 10, 2026
Angel Studios, Inc. said it expects to report first-quarter 2026 revenue between $105 million and $109 million and an Adjusted EBITDA loss ranging from $4 million to $6 million for the period ending March 31, 2026. Management emphasized that these...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Angel Studios Amends Credit Facility, Tightens Liquidity Covenants
Negative
Feb 23, 2026
On February 17, 2026, Angel Studios, Inc. and certain subsidiaries executed a Ratification and First Amendment to their Loan and Security Agreement, effective as of September 9, 2025, tied to a Credit Facility originally dated September 8, 2025 wi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.