Angel Studios (ANGX) Income Statement: Revenue & Earnings

Angel Studios Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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Angel Studios, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Revenue & Gross Profit
Revenue	96.52	202.44	75.52	122.79
Cost of Revenue	42.07	86.03	40.39	77.13
Gross Profit	54.45	116.40	35.12	45.66
Operating Expenses
Research & Development	14.36	13.91	12.35	4.94
Selling, General & Administrative	128.33	94.34	32.11	28.30
Operating Expenses	142.69	108.25	49.52	35.97
Operating Income	-88.24	8.16	-14.40	9.69
Other Income/Expense
Interest Income	3.49	1.82	0.61	0.49
Interest Expense	2.37	3.66	-0.69	-0.51
Other Income/Expense	0.68	0.00	-5.07	0.00
Income
Income Before Tax	-86.43	6.31	-14.48	17.94
Income Tax Expense	3.53	-2.70	-0.77	0.82
Net Income	-89.80	9.16	-13.71	17.12
Net Income - Continuous Operations	-89.97	9.01	-13.71	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00
EBITDA	-82.38	11.56	-13.80	9.94
EBIT	-84.07	9.97	-14.40	9.69
Depreciation & Amortization	1.68	1.58	0.59	0.25
Earnings Per Share
Basic EPS	-1.00	-	-1.00	1.00
Diluted EPS	-1.00	-	-1.00	1.00
Basic Shares Outstanding	160.67	160.67	24.26	22.67
Diluted Shares Outstanding	160.67	160.67	24.26	24.40