Growth Metrics

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

Angel Studios posted quarterly Operating Expenses of $117.8 million for Q1 2026, up 45.34% year-on-year 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) has 5 years of Operating Expenses data on file, last reported 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.
  • Across five years, Operating Expenses topped out at $189.3 million in Q4 2023 and bottomed at $116029.0 in Q4 2022.
  • The 5-year median for Operating Expenses is $406574.0 (2024), against an average of $46.0 million.
  • The widest annual swing landed in 2023, when Operating Expenses soared 163042.11%; it then tumbled 68.41% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $116029.0 in 2022, then jumped by 163042.11% to $189.3 million in 2023, then sank by 68.41% to $59.8 million in 2024, then surged by 202.4% to $180.8 million in 2025, then plunged 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Netflix 362.63 Bn 350.34 Bn 11.41 Bn 1.56 Bn
2 Walt Disney 181.67 Bn 188.27 Bn 23.68 Bn 21.38 Bn
3 Warner Bros. Discovery 67.91 Bn 65.77 Bn 4.25 Bn 11.36 Bn
4 Live Nation Entertainment 39.56 Bn 31.10 Bn 1.31 Bn 1.06 Bn
5 Fox 26.01 Bn 22.51 Bn - 2.49 Bn
6 Liberty Media 21.20 Bn 21.87 Bn 298.00 Mn 647.00 Mn
7 Roku 19.03 Bn 16.65 Bn 564.94 Mn 513.16 Mn
8 News 16.98 Bn 15.50 Bn - 952.00 Mn
9 TKO Group Holdings 16.11 Bn 14.42 Bn 862.52 Mn 1.26 Bn
10 Angel Studios 475.95 Mn 436.90 Mn 58.51 Mn 117.77 Mn

Historic Data

Download Data 🔒
DateValue
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