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| Date | Value |
|---|---|
| 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 |