Angel Studios, Inc. (ANGX) AI Stock Analysis
ANGX AI stock analysis summary
AI ResearchAngel Studios, Inc. (ANGX) is a media and entertainment company operating streaming, theatrical distribution, and licensing businesses. Over the 4-year period from FY2021 to FY2025, revenue grew at a 27.2% CAGR, reaching $321.6M in FY2025 despite wide annual revenue swings. However, profitability remains negative, with a trailing twelve-month net margin of -37.5% and shareholders' equity of -$29.1M as of June 30, 2026.
- Market cap
- $629.4M
- Revenue (TTM)
- $413.3M
- P/E
- —
- 1Y return
- -50.5% S&P 500 16.8%
- Avg. target
- $8.20 143.3% vs last close
Bull case
- Revenue grew at a 27.2% CAGR from FY2021 to FY2025, reaching $321.6M.
- Gross margin reached 61.2% in FY2025, up from 37.2% in FY2021.
- Wall Street analysts hold a mean price target of $8.20, representing 143.3% upside from the last close of $3.37.
Bear case
- Net income worsened to -$170.5M in FY2025 with an operating cash flow of -$83.3M.
- The company has negative shareholders' equity of -$29.1M and a current ratio of 0.65 as of June 30, 2026.
- Shares declined 50.5% over the past year while the S&P 500 gained 16.8%.
What Angel Studios does
Angel Studios, Inc. operates as a media and technology company based in Provo, Utah. The company produces, distributes, and licenses films and series, offering a streaming platform where audiences can watch movies, shows, and documentaries for all ages. It provides Angel Guild memberships, theatrical ticket presales, theatrical distribution, theatrical pay it forward, and content licensing services. In addition, Angel Studios operates a direct online store and wholesale distribution for themed merchandise, including apparel, DVDs, Blu-rays, and books. Formerly known as VidAngel, Inc., the company adopted its current name in March 2021.
Growth and profitability
Angel Studios experienced substantial fluctuations in top-line results, moving from $122.8M in FY2021 to $75.5M in FY2022, surging to $202.4M in FY2023, dropping to $96.5M in FY2024, and rising 233.2% to $321.6M in FY2025. Gross margin expanded from 37.2% in FY2021 to 61.2% in FY2025. However, operating margin fell to -51.0% and net income stood at -$170.5M in FY2025, down from -$88.3M in FY2024. For the trailing twelve months ended June 30, 2026, revenue was $413.3M with an operating margin of -16.6% and a profit margin of -37.5%. In the latest quarter ended June 30, 2026, quarterly revenue grew 27.5% year-over-year.
Balance sheet and cash flow
As of June 30, 2026, Angel Studios held $48.0M in cash and short-term investments alongside total debt of $77.1M, resulting in net debt of $29.0M. The company reported negative shareholders' equity of -$29.1M, total assets of $235.1M, and a current ratio of 0.65. Operating cash flow in FY2025 was -$83.3M, and free cash flow was -$101.9M. In FY2025, capital expenditures were $18.6M, while share buybacks totaled $437,791. Over five years, the company's share count increased by 540.8%.
Valuation and performance
Angel Studios carries a market cap of $629.4M and an enterprise value of $934.8M. The stock trades at a price-to-sales multiple of 1.5x and an EV-to-revenue multiple of 2.3x, both above the US-listed Communication Services median price-to-sales of 0.8x. Its price-to-book stands at 507.7x. Over the past year, the stock declined 50.5%, compared to a 16.8% gain for the S&P 500 (SPY). Year-to-date, the stock is down 27.8% and trades 9.4% below its 200-day average.
What analysts expect
Wall Street coverage includes 4 Strong Buy ratings, 1 Buy rating, and 0 Hold or Sell ratings. The mean price target is $8.20, which is 143.3% above the October 16, 2026 closing price of $3.37. For the fiscal year ending December 31, 2026, consensus estimates point to revenue of $512.8M and an EPS of -$0.37. For the following fiscal year, 1 analyst projects revenue of $653.1M and an EPS of -$0.26. Angel Studios beat EPS estimates in 3 of the last 4 quarters, with its next earnings report scheduled for November 10, 2026.
Key risks and what to watch
- Operating cash burn remains significant, with free cash flow of -$101.9M in FY2025 against $48.0M in cash as of June 30, 2026.
- The balance sheet carries negative equity of -$29.1M and net debt of $29.0M.
- Historical annual revenue is highly volatile, including a 38.5% drop in FY2022 and a 52.3% drop in FY2024.
- Shareholder dilution has been substantial, with the share count increasing 540.8% over five years.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this ANGX AI stock analysis
This page is an AI-written research summary of Angel Studios, Inc. (ANGX). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: ANGX income statement, ANGX balance sheet, ANGX key metrics, ANGX analyst forecast, ANGX chart. See the ANGX stock overview for the latest quote and news.
ANGX AI stock analysis FAQ
Does Angel Studios pay a dividend?
No, Angel Studios does not pay a dividend.
What is Angel Studios' revenue and earnings outlook?
For the fiscal year ending December 31, 2026, analysts estimate revenue of $512.8M and an EPS of -$0.37. For FY2027, the revenue estimate is $653.1M with an EPS of -$0.26.
When is the next earnings release for ANGX?
Angel Studios is scheduled to report its next quarterly results on November 10, 2026.
What is Angel Studios' debt and cash position?
As of June 30, 2026, the company held $48.0M in cash and short-term investments, $77.1M in total debt, and net debt of $29.0M.