Angel Studios (ANGX) Cost of Revenue (2024 - 2026)

Angel Studios has reported Cost of Revenue for 3 years, with the latest figure at $56.6 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue rose 12.02% year-over-year to $56.6 million; the trailing twelve-month figure through Mar 2026 stood at $292.4 million (changed N/A YoY), and the FY2025 full-year result was $297.3 million, up 219.98% from the prior year.
• Cost of Revenue for Q1 2026 stood at $56.6 million, down from $120.6 million in the prior quarter.
• The five-year high for Cost of Revenue was $120.6 million in Q4 2025, with the low at $8.1 million in Q3 2024.
• Historically, Cost of Revenue has averaged $60.3 million across 3 years, with a median of $59.1 million in 2024.
• Annual changes were most pronounced in 2025 — Cost of Revenue soared 697.78% — and 2026, when it grew 12.02%.
• Angel Studios' Cost of Revenue stood at $61.6 million in 2024, then surged by 95.85% to $120.6 million in 2025, then tumbled by 53.07% to $56.6 million in 2026.
• The last three Cost of Revenue figures came in at $56.6 million (Q1 2026), $120.6 million (Q4 2025), and $64.7 million (Q3 2025), per Business Quant data.