Angel Studios (ANGX) Cost of Revenue (2024 - 2026)
Angel Studios (ANGX) posted Cost of Revenue of $51.75 million for Q2 2026, up 89.7% from $27.29 million a year earlier and up 17.6% from the prior quarter.
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Analysis
Angel Studios (ANGX) Cost of Revenue (2024 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Cost of Revenue at Angel Studios was $173.84 million, up 156.0% year-over-year; for FY2025, it was $124.86 million, up 181.5% from FY2024.
- In prior years, Angel Studios' Cost of Revenue was $44.36 million in FY2024 (-48.4%) and $86.03 million in FY2023.
- The Q2 2026 figure stands as the highest quarterly Cost of Revenue in data going back to Q3 2024.
- On a year-over-year basis, Cost of Revenue has increased in each of the last four quarters, with growth averaging 193.8% over the last four quarters.
- According to Business Quant data, Cost of Revenue for the three prior quarters was $44 million (Q1 2026), $43.76 million (Q4 2025) and $34.33 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 176.43 Bn | 161.00 Bn | 11.57 Bn | 13.67 Bn |
| 2 | Warner Music | 14.03 Bn | 11.52 Bn | 854.00 Mn | 1.01 Bn |
| 3 | Lionsgate Studios | 3.32 Bn | 2.28 Bn | - | - |
| 4 | Angel Studios | 753.52 Mn | 559.02 Mn | 59.96 Mn | 51.75 Mn |
| 5 | Reservoir Media | 627.66 Mn | 539.97 Mn | 26.69 Mn | 14.79 Mn |
| 6 | Kartoon Studios | 34.83 Mn | 17.70 Mn | - | - |
| 7 | American Picture House | 7.96 Mn | 7.96 Mn | - | - |
| 8 | Nexus Advanced Technologies | 1.88 Mn | -16.73 Mn | - | - |
| 9 | AI Era | 348,100.85 | -302,132.15 | - | - |
| 10 | Sony | 146.49 Bn | 96.88 Bn | 6.53 Bn | 11.27 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 51.75 Mn |
| Mar 31, 2026 | 44.00 Mn |
| Dec 31, 2025 | 43.76 Mn |
| Sep 30, 2025 | 34.33 Mn |
| Jun 30, 2025 | 27.29 Mn |
| Mar 31, 2025 | 19.48 Mn |
| Dec 31, 2024 | 13.02 Mn |
| Sep 30, 2024 | 8.11 Mn |
API Access
Angel Studios Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ANGX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "ANGX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=ANGX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();