Angel Studios (ANGX) Operating Expenses (2022 - 2026)
Angel Studios' Operating Expenses was $130.22 million in Q2 2026, up 19.5% from $108.97 million a year earlier and up 10.6% from the prior quarter.
Powered by 
Analysis
Angel Studios (ANGX) Operating Expenses (2022 - 2026) Analysis & Trends
On a trailing twelve-month basis, Angel Studios' Operating Expenses was $543.43 million through Jun 30, 2026, up 90.6% year-over-year; for FY2025, it came in at $485.67 million, up 165.0% from FY2024.
- In earlier years, Operating Expenses was $183.24 million in FY2024 (-3.6%) and $190.08 million in FY2023.
- Quarterly Operating Expenses has moved between $137,763 (Q3 2023) and $189.29 million (Q4 2023) over five years.
- Compared with a year earlier, Operating Expenses has increased for four straight quarters, with growth averaging 84.8% over the last five quarters.
- The best year-over-year quarter for Operating Expenses over five years was Q3 2025 (growth of 225.1%); the worst was Q4 2024 (a decline of 68.4%).
- Per Business Quant data, ANGX's Operating Expenses in the three quarters before Q2 2026 was $117.77 million (Q1 2026), $180.81 million (Q4 2025) and $114.63 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Walt Disney | 193.49 Bn | 171.25 Bn | 11.57 Bn | 20.49 Bn |
| 2 | Warner Music | 11.79 Bn | 9.14 Bn | 854.00 Mn | 1.56 Bn |
| 3 | Lionsgate Studios | 3.11 Bn | 1.96 Bn | - | 751.00 Mn |
| 4 | Angel Studios | 631.93 Mn | 437.61 Mn | 59.96 Mn | 130.22 Mn |
| 5 | Reservoir Media | 624.65 Mn | 536.53 Mn | 26.69 Mn | 36.10 Mn |
| 6 | Kartoon Studios | 35.12 Mn | 17.99 Mn | - | -10.04 Mn |
| 7 | American Picture House | 6.83 Mn | 6.83 Mn | - | 58,685.00 |
| 8 | Nexus Advanced Technologies | 944,561.90 | -16.72 Mn | - | - |
| 9 | AI Era | 137,029.49 | -513,203.51 | - | -2.78 Mn |
| 10 | Sony | 149.88 Bn | 87.14 Bn | 6.53 Bn | 14.83 Bn |
Historic Data
Download Data
Historic 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 | 108.97 Mn |
| 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 |
| Sep 30, 2022 | 352,509.00 |
| Jun 30, 2022 | 366,771.00 |
| Mar 31, 2022 | 504,464.00 |
API Access
Angel Studios Operating Expenses 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=operating-expenses&ticker=ANGX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=ANGX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();