ANGX

Angel Studios, Inc. Communication Services Services-Motion Picture & Video Tape Production Russell 3000
$3.58Close $605.4MMarket cap $2.18 – $6.5952-week range Nov 10, 2026Next report · after the close

Highlights

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 22 · weaker than 78% of stocks over 12 months
  • Far from its high 46% below its 52-week high
  • Results soon Nov 10, 2026, in 9 days
  • Financial distress Altman Z″ in the distress zone

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 4, 2026
Off 12-month high 46%
1wk up 2.6% price change
1mo down 23.3% price change
12-month return down 43% market up 11% · its own down 54%
F-score 4 / 9 Weak
Altman Z″ -10.22 Elevated risk
P/E — price / earnings
PEG — P/E / EPS growth
P/B — price / book
Earnings yield down 27.0% EBIT / enterprise value
Cheaper than 4% of the market · expensive
Revenue growth up 233% year on year
EPS growth — latest quarter
Sales growth up 27% latest quarter · -115 pts
ROE — return on equity
Free cash margin down 26% -$83.3M FCF
D/E — long-term debt / equity
Net debt / EBITDA —
Interest cover —EBIT / interest
Piotroski tests
  • not yet profitable on its assets
  • operating cash flow is negative
  • took on more long-term debt
  • short-term liquidity weakened
  • issued more shares
  • profitability improving
  • profits backed by cash
  • gross margin widened
  • assets working harder

Repair signals

  • Gross margin 54.0% → 61.2%
  • Revenue reaccelerating (-52% then +233%)

Trade setup

ATR% 6.6% $0.24 a day · 2×ATR $3.11
RS 22 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 0.8× vs 50-day average
Up/down volume 0.90 50 sessions
Implied move — no option chain · report Nov 10, 2026
Trend template · 2 of 8
  • 50-day average above the 150 and 200-day: passes
  • At least 30% above the 52-week low: passes

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Liabilities exceed assets Shareholders' equity is negative at -$25.8M as of Dec 31, 2025. What is left for shareholders after creditors is, on the balance sheet, less than nothing.
  • Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
  • Shareholders diluted The share count rose 17.1% over the year, from 144m to 169m shares. Each existing share owns a smaller fraction of the company than it did a year ago.
Last reported Aug 4, 2026
Results reaction Aug 4, 2026-1% vs market2 sessions after results

Financials

4 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $321.6M +233% on FY2024
$0 $500M FY22 FY23 FY24 FY25 FY2022 FY2023 · $202.4M FY2024 · $96.5M FY2025 · $321.6M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology -$170.5M
-$200M $0 FY22 FY23 FY24 FY25 FY2022 · $18.1M FY2023 · $13.4M FY2024 · -$88.3M FY2025 · -$170.5M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$83.3M
-$100M $0 $20M FY22 FY23 FY24 FY25 FY2022 · $396,482 FY2023 · $15.2M FY2024 · -$51.3M FY2025 · -$83.3M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 61%
  • Net -53%
  • Free cash -26%
-100% 0% 100% FY22 FY23 FY24 FY25 FY2022 FY2023 · Gross 58% · Net 7% · Free cash 8% FY2024 · Gross 54% · Net -91% · Free cash -53% FY2025 · Gross 61% · Net -53% · Free cash -26%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $1.4M net debt
  • Cash
  • Long-term debt
$0 $50M FY22 FY23 FY24 FY25 FY2022 · Cash $10.7M FY2023 · Cash $25.2M FY2024 · Cash $7.2M · Long-term debt $11.5M FY2025 · Cash $44.1M · Long-term debt $45.5M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 169.10m
169.10m 144.40m FY22 FY23 FY24 FY25 FY2022 FY2023 FY2024 · 144.40m FY2025 · 169.10m
  FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue — $202.4M $96.5M $321.6M
Gross margin — 58% 54% 61%
Operating income -$1.6M $12.4M -$86.7M -$164.1M
Net income $18.1M $13.4M -$88.3M -$170.5M
Net margin — 7% -91% -53%
Earnings per share — $0.10 -$0.64 -$1.10
Free cash flow $396,482 $15.2M -$51.3M -$83.3M
Free cash margin — 8% -53% -26%
Cash $10.7M $25.2M $7.2M $44.1M
Long-term debt — — $11.5M $45.5M
Shareholders' equity -$1.5M -$3.4M -$8.5M -$25.8M
Shares outstanding — — 144.40m 169.10m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 4, 2026 Quarterly ↗ Jun 30, 2026 35d
Apr 30, 2026 Quarterly ↗ Mar 31, 2026 30d
Mar 12, 2026 Annual ↗ Dec 31, 2025 71d
Nov 13, 2025 Quarterly ↗ Sep 30, 2025 44d
Aug 14, 2025 Quarterly ↗ Jun 30, 2025 45d
May 16, 2025 Quarterly ↗ Mar 31, 2025 46d
Apr 15, 2025 Annual ↗ Dec 31, 2024 105d
Nov 14, 2024 Quarterly ↗ Sep 30, 2024 45d
Aug 14, 2024 Quarterly ↗ Jun 30, 2024 45d
May 15, 2024 Quarterly ↗ Mar 31, 2024 45d
Apr 1, 2024 Annual ↗ Dec 31, 2023 92d
Nov 13, 2023 Quarterly ↗ Sep 30, 2023 44d

Current reports