Angel Studios (ANGX) Balance Sheet: Assets & Liabilities

Angel Studios (ANGX) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), Angel Studios reported total assets of $241.41M and total liabilities of $267.19M. Shareholders' equity was negative at −$31.43M, meaning liabilities exceed assets. Total debt stood at $100.51M against $44.08M in cash and short-term investments, a net debt position of $56.43M.

Angel Studios Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Angel Studios, Inc. (ANGX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Current Assets
Cash and Cash Equivalents	44.08	7.21	25.20	10.72	1.95
Cash & Short-Term Investments	44.08	7.21	25.20	10.72	1.95
Accounts Receivable	62.19	34.88	24.14	7.19	0.08
Inventory	1.26	1.71	2.84	0.50	0.00
Other Current Assets	27.34	9.15	4.32	1.62	0.00
Total Current Assets	134.88	52.95	65.06	22.22	2.03
Non-Current Assets
Property, Plant & Equipment (Net)	3.95	3.52	2.50	3.28	0.00
Long-Term Investments	72.54	21.52	4.50	2.77	234.60
Intangible Assets	23.43	3.63	3.38	3.29	0.00
Other Non-Current Assets	6.61	16.90	4.08	0.07	0.00
Total Non-Current Assets	106.53	45.58	33.20	17.17	234.60
Total Assets	241.41	98.52	98.26	39.39	236.63
Current Liabilities
Accounts Payable	39.96	7.93	3.17	1.02	0.00
Short-Term Debt	56.76	12.13	4.16	2.00	0.00
Current Portion of Long-Term Debt	55.47	11.46	4.16	-	-
Accrued Liabilities	55.75	28.36	32.51	7.12	16.48
Deferred Revenue	66.53	22.17	3.92	0.63	0.00
Other Current Liabilities	55.75	37.83	32.51	7.12	1.02
Total Current Liabilities	219.00	80.06	44.12	11.43	1.02
Non-Current Liabilities
Long-Term Debt	43.75	2.15	0.96	1.33	0.00
Other Non-Current Liabilities	4.44	12.46	13.50	4.63	17.22
Total Non-Current Liabilities	48.19	14.61	14.46	5.96	25.27
Total Liabilities	267.19	94.67	58.58	17.39	26.29
Stockholders' Equity
Common Stock	0.02	0.03	0.02	0.02	0.00
Retained Earnings	-241.53	-99.87	-10.07	-19.24	-24.26
Additional Paid-in Capital	210.10	95.47	49.88	41.22	0.00
Minority Interest	5.65	8.22	-0.15	0.00	0.00
Shares Outstanding	169.10	160.67	160.67	160.67	-
Total Stockholders' Equity	-31.43	-4.37	39.83	22.00	210.34
Total Liabilities & Equity	241.41	98.52	98.26	39.39	236.63

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Angel Studios Balance Sheet

How much debt does Angel Studios have?

Angel Studios had total debt of $100.51M as of Dec 31, 2025, against $44.08M in cash and short-term investments. Total debt was $14.28M a year earlier.

What are Angel Studios's total assets?

Angel Studios reported total assets of $241.41M as of Dec 31, 2025, up 145.0% from $98.52M a year earlier. Total liabilities were $267.19M.

What is Angel Studios's shareholders' equity?

Angel Studios's shareholders' equity was negative at −$31.43M as of Dec 31, 2025, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition