Angel Studios (ANGX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Angel Studios

NYSE•Communication Services•Entertainment

$5.29+0.36(0.07%)Market open

Market Cap

$902.76M

P/S

1.6x

Angel Studios, Inc. operates as a media and technology company. The company produces and distributes films and series; and releases licensed films or shows. The company's platform allows users to watch movies, shows, and documentaries for all ages through its streaming platform. It also offers apparel, DVDs, Blu-rays, books; direct online store for Angel Studios themed products and wholesale products to retail partners; and content licensing services. In addition, the company provides Angel Guild memberships; theatrical ticket presales; theatrical distribution; theatrical pay it forward; and merchandise services. The company was formerly known as VidAngel, Inc. and changed its name to Angel Studios, Inc. in March 2021. Angel Studios, Inc. was founded in 2013 and is based in Provo, Utah.

How this company scores

WeakMetricSide Score: 28/100

Grade capped at D — Negative equity — the balance sheet is insolvent. Strongest: Growth (10/25); weakest: Cash & Earnings Quality (4/25).

Profitability4/25

Growth10/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality4/25

Strengths

Consistent growth

Grade capped at D

Negative equity — the balance sheet is insolvent.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 41.4x5y range 16.5x – 41.4x

Currently above its 6-quarter median.

P/S · 1.6x5y range 1.2x – 11.3x

Currently near its 4-quarter median.

P/B · 23.4x5y range 23.4x – 23.4x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 6 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $902.76M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $548.37M
Q. Revenue: $111.71M
TTM EBITDA: $-164.26M
TTM Op. Income: $-184.87M
Q. Op. Income: $-18.51M
TTM Net Income: $-206.42M
Q. Net Income: $-23.79M
EPS: $-0.129
Shares Out.: $184.24M

$548.37M in TTM revenue grew from zero YoY, reaching $111.71M last quarter. TTM EBITDA of $-164.26M and TTM operating income of $-184.87M show growth is flowing through to the bottom line. However, net income is negative at $206.42M — growth is not yet reaching the bottom line. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 53.7%
EBITDA Margin: -13.8%
Op. Margin: -16.6%
Net Margin: -21.3%

Op. margin of -16.6% is up 34223783.4% YoY — cost efficiency is improving. Net margin at -21.3% and gross margin of 53.7% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 100% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: N/A
P/S Ratio: 1.6x
P/B Ratio: N/A

P/S of 1.6x and P/B of 0.0x. P/S is low relative to typical market levels.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $235.06M
Cash: $48.04M
Long-Term Debt: $57.17M
Book Value: $-29.33M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $16.94M
TTM Free Cash Flow: $-63.97M
FCF Margin: -11.7%
FCF / Net Income: 0.3

TTM FCF of $-63.97M on $16.94M in operating cash flow. The FCF / Net Income ratio of 0.3x means cash covers only part of net income — earnings quality needs attention. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.