Angel Studios (ANGX) Research & Development (2024 - 2026)
Angel Studios (ANGX) posted Research & Development of $56.6 million for Q1 2026, down 53.07% on a QoQ basis from $120.6 million in Q4 2025, and up 1644.16% year-over-year from $3.2 million in Q1 2025.
Angel Studios (ANGX) Research & Development (2024 - 2026) Analysis & Trends
Angel Studios' Research & Development history runs 3 years deep, the most recent figure standing at $56.6 million for Q1 2026.
- Quarterly Research & Development rose 1644.16% year-over-year to $56.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $245.1 million (changed N/A YoY) and the FY2025 annual result came in at $297.3 million, up 2215.08% from the prior year.
- Research & Development was $56.6 million for Q1 2026 at Angel Studios, down from $120.6 million in the prior quarter.
- Across five years, Research & Development topped out at $120.6 million in Q4 2025 and bottomed at -$42.1 million in Q4 2024.
- A 3-year average of $36.6 million and a median of $36.6 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2025 — Research & Development soared 289.61% — and 2026, when it jumped 1644.16%.
- Angel Studios' Research & Development stood at -$42.1 million in 2024, then jumped by 386.79% to $120.6 million in 2025, then sank by 53.07% to $56.6 million in 2026.
- Business Quant data shows ANGX's Research & Development at $56.6 million in Q1 2026, $120.6 million in Q4 2025, and $64.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 286.85 Bn | 277.73 Bn | 6.52 Bn | 823.84 Mn |
| 2 | Walt Disney | 176.45 Bn | 177.38 Bn | 10.75 Bn | - |
| 3 | Warner Bros. Discovery | 71.03 Bn | 68.89 Bn | 4.25 Bn | - |
| 4 | Live Nation Entertainment | 40.94 Bn | 32.48 Bn | 1.31 Bn | - |
| 5 | Liberty Media | 29.72 Bn | 29.06 Bn | 298.00 Mn | - |
| 6 | Roku | 20.90 Bn | 18.52 Bn | 564.94 Mn | 221.22 Mn |
| 7 | TKO Group Holdings | 20.86 Bn | 19.17 Bn | 862.52 Mn | - |
| 8 | Fox | 20.85 Bn | 17.36 Bn | - | - |
| 9 | News | 16.48 Bn | 15.01 Bn | - | - |
| 10 | Angel Studios | 689.36 Mn | 650.32 Mn | 71.10 Mn | 56.60 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 56.60 Mn |
| Dec 31, 2025 | 120.60 Mn |
| Sep 30, 2025 | 64.68 Mn |
| Mar 31, 2025 | 3.24 Mn |
| Dec 31, 2024 | -42.05 Mn |
| Sep 30, 2024 | 16.60 Mn |