Angel Studios (ANGX) Operating Expenses (2022 - 2026)

Angel Studios has reported Operating Expenses for 5 years, with the latest figure at $117.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 45.34% year-over-year to $117.8 million; the trailing twelve-month figure through Mar 2026 stood at $413.6 million (up 134.47% YoY), and the FY2025 full-year result was $485.7 million, up 165.05% from the prior year.
• Operating Expenses for Q1 2026 stood at $117.8 million, down from $180.8 million in the prior quarter.
• The five-year high for Operating Expenses was $189.3 million in Q4 2023, with the low at $116029.0 in Q4 2022.
• Historically, Operating Expenses has averaged $46.0 million across 5 years, with a median of $406574.0 in 2024.
• Annual changes were most pronounced in 2023 — Operating Expenses soared 163042.11% — and 2024, when it sank 68.41%.
• Angel Studios' Operating Expenses 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.