Angel Studios (ANGX) Cost of Revenue (2024 - 2026)
Angel Studios' (ANGX) quarterly Cost of Revenue came in at $44.0 million in Q1 2026, up 125.88% YoY from $19.5 million in Q1 2025, and up 0.56% on a QoQ basis from $43.8 million in Q4 2025.
Angel Studios (ANGX) Cost of Revenue (2024 - 2026) Analysis & Trends
Angel Studios (ANGX) has 3 years of Cost of Revenue data on file, last reported at $44.0 million in Q1 2026.
- Quarterly Cost of Revenue rose 125.88% year-over-year to $44.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $141.6 million (changed N/A YoY) and the FY2025 annual result came in at $124.9 million, up 181.47% from the prior year.
- Cost of Revenue rose to $44.0 million in Q1 2026, from $43.8 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $44.0 million in Q1 2026 to a low of $8.1 million in Q3 2024.
- A 3-year average of $27.1 million and a median of $26.9 million in 2025 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2025 — Cost of Revenue surged 323.46% — and 2026, when it surged 125.88%.
- Tracing ANGX's Cost of Revenue over 3 years: stood at $13.0 million in 2024, then soared by 236.07% to $43.8 million in 2025, then climbed by 0.56% to $44.0 million in 2026.
- The last three Cost of Revenue figures came in at $44.0 million (Q1 2026), $43.8 million (Q4 2025), and $34.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 6.04 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 13.67 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 4.62 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 5.72 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 605.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 680.99 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 556.12 Mn |
| 10 | Angel Studios | 899.07 Mn | 851.03 Mn | 59.96 Mn | 51.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.75 Mn |
| Jun 30, 2026 | 51.75 Mn |
| Mar 31, 2026 | 44.00 Mn |
| Mar 31, 2026 | 44.00 Mn |
| Dec 31, 2025 | 43.76 Mn |
| Dec 31, 2025 | 43.76 Mn |
| Sep 30, 2025 | 34.33 Mn |
| Sep 30, 2025 | 34.33 Mn |
| Mar 31, 2025 | 19.48 Mn |
| Mar 31, 2025 | 19.48 Mn |
| Dec 31, 2024 | 13.02 Mn |
| Dec 31, 2024 | 13.02 Mn |
| Sep 30, 2024 | 8.11 Mn |
| Sep 30, 2024 | 8.11 Mn |