Angel Studios (ANGX) Operating Expenses (2022 - 2026)
Angel Studios' (ANGX) quarterly Operating Expenses came in at $117.8 million in Q1 2026, up 45.34% YoY from $81.0 million in Q1 2025, and down 34.86% on a QoQ basis from $180.8 million in Q4 2025.
Angel Studios (ANGX) Operating Expenses (2022 - 2026) Analysis & Trends
Angel Studios (ANGX) has 5 years of Operating Expenses data on file, last reported at $117.8 million in Q1 2026.
- Quarterly Operating Expenses rose 45.34% year-over-year to $117.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $413.6 million (up 134.47% YoY) and the FY2025 annual result came in at $485.7 million, up 165.05% from the prior year.
- Operating Expenses slipped to $117.8 million in Q1 2026, from $180.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $189.3 million in Q4 2023 to a low of $116029.0 in Q4 2022.
- A 5-year average of $46.0 million and a median of $406574.0 in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 163042.11% — and 2024, when it sank 68.41%.
- Tracing ANGX's Operating Expenses over 5 years: stood at $116029.0 in 2022, then soared by 163042.11% to $189.3 million in 2023, then slumped by 68.41% to $59.8 million in 2024, then jumped by 202.4% to $180.8 million in 2025, then sank by 34.86% to $117.8 million in 2026.
- The last three Operating Expenses figures came in at $117.8 million (Q1 2026), $180.8 million (Q4 2025), and $114.6 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 1.32 Bn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | 20.49 Bn |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | 8.48 Bn |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | 1.24 Bn |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | 2.38 Bn |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | 846.00 Mn |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 527.52 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | 991.00 Mn |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | 1.12 Bn |
| 10 | Angel Studios | 899.07 Mn | 851.03 Mn | 59.96 Mn | 130.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 130.22 Mn |
| Mar 31, 2026 | 117.77 Mn |
| Dec 31, 2025 | 180.81 Mn |
| Sep 30, 2025 | 114.63 Mn |
| Jun 30, 2025 | 342,238.00 |
| Mar 31, 2025 | 81.03 Mn |
| Dec 31, 2024 | 59.79 Mn |
| Sep 30, 2024 | 35.27 Mn |
| Jun 30, 2024 | 287,728.00 |
| Mar 31, 2024 | 406,574.00 |
| Dec 31, 2023 | 189.29 Mn |
| Sep 30, 2023 | 137,763.00 |
| Jun 30, 2023 | 370,139.00 |
| Mar 31, 2023 | 278,778.00 |
| Dec 31, 2022 | 116,029.00 |
| Sep 30, 2022 | 352,509.00 |
| Jun 30, 2022 | 366,771.00 |
| Mar 31, 2022 | 504,464.00 |