Angel Studios, Inc. (ANGX) Stock

Angel Studios, Inc. (ANGX) is a Communication Services stock trading at $4.37 (as of 2026-08-20), with a market capitalization of $815.02M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Angel Studios, Inc. distributes films and television programming created by independent creators through its streaming platform, which offers viewing of content across its catalog. The company also sells related physical and digital media and books, and provides content licensing services.

Understand Angel Studios, Inc.: how it makes money

Angel Studios makes and distributes creator-driven films and television shows through its streaming platform, and monetizes the platform with Angel Guild related revenues, plus physical media sales and content licensing.

The profit model is driven by how much the Angel Guild generates in revenue, and whether that revenue can cover the company’s content and distribution costs that show up as Cost of Revenues (despite a reported high gross margin).

Revenue by segment (latest quarter)
GuildRev$0.1B
Cost$0.0B

Business quality (Mixed): High gross margin is reported, but the latest quarter shows a negative operating margin, meaning operating expenses outweighed operating income after gross profit.

Bull case

  • Large monetized community base: The company reports Angel Guild Paying Members of 1,600,000 (count), supporting recurring engagement economics tied to the platform.
  • Reported gross profit strength: In the latest quarter, gross margin is reported at 61.8%, indicating that, at least at the gross level, revenues cover Cost of Revenues effectively.

Bear case

  • Operating loss in the latest quarter: Operating margin is reported at -2.3%, so operating expenses outweighed gross profit in the latest period.
  • Monetization metrics show potential inconsistency: The dataset shows Average Revenue per Guild Member per Month as 0.0 and Average Revenue per Member as 0.0, which limits confidence in reported unit economics.
Valuation — source: SEC EDGAR (first-party)
Price$4.37
Market Cap$815.02M
Price / Sales2.08
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$321.56M
Net Margin-53.0%
Revenue Growth (YoY)27.5%
EPS Growth (YoY)21.7%
Financial Health — source: SEC EDGAR
Altman Z-Score-1.07 (distress)
Valuation vs Sector & Industry
Sector P/E (Communication Services)24.4
Industry P/E (Entertainment)39.5
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderGigafund Management Company, LLC ($59.35M)
Institutional Holders Tracked10
Company
SectorCommunication Services
IndustryEntertainment
CEONeal S. Harmon
Employees219
CountryUS
IPO Date2025-09-11

Related Companies (Business model: Consumer Subscription Content (Streaming, News, Audio); 8 closest by market cap; US-domiciled)

  • Lionsgate Studios Corp. (LION)
  • Accel Entertainment, Inc. (ACEL)
  • Lucky Strike Entertainment Corporation (LUCK)
  • Reservoir Media, Inc. (RSVR)
  • fuboTV Inc. (FUBO)
  • CuriosityStream Inc. (CURI)
  • Kartoon Studios Inc. (TOON)
  • Gaia, Inc. (GAIA)
ANGX earnings history · ANGX institutional & insider holders · ANGX KPIs & operating metrics · ANGX financials · ANGX investor presentations & press releases · ANGX SEC filings · ANGX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.