Angel Studios (ANGX) Research & Development (2024 - 2026)
Angel Studios' (ANGX) quarterly Research & Development came in at $56.6 million in Q1 2026, up 1644.16% YoY from $3.2 million in Q1 2025, and down 53.07% on a QoQ basis from $120.6 million in Q4 2025.
Angel Studios (ANGX) Research & Development (2024 - 2026) Analysis & Trends
Angel Studios (ANGX) has 3 years of Research & Development data on file, last reported at $56.6 million in 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 retreated to $56.6 million in Q1 2026, from $120.6 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $120.6 million in Q4 2025 to a low of -$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%.
- Tracing ANGX's Research & Development over 3 years: stood at -$42.1 million in 2024, then surged by 386.79% to $120.6 million in 2025, then tumbled by 53.07% to $56.6 million in 2026.
- The last three Research & Development figures came in at $56.6 million (Q1 2026), $120.6 million (Q4 2025), and $64.7 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Netflix | 325.80 Bn | 316.67 Bn | 6.52 Bn | 823.84 Mn |
| 2 | Walt Disney | 180.88 Bn | 175.70 Bn | 11.57 Bn | - |
| 3 | Warner Bros. Discovery | 71.60 Bn | 68.23 Bn | 4.10 Bn | - |
| 4 | Live Nation Entertainment | 41.97 Bn | 32.90 Bn | 1.94 Bn | - |
| 5 | Fox | 26.42 Bn | 22.22 Bn | - | - |
| 6 | Liberty Media | 23.42 Bn | 21.96 Bn | 329.00 Mn | - |
| 7 | Roku | 23.35 Bn | 20.80 Bn | 673.70 Mn | 223.22 Mn |
| 8 | News | 18.65 Bn | 16.55 Bn | - | - |
| 9 | TKO Group Holdings | 14.38 Bn | 12.83 Bn | 990.96 Mn | - |
| 10 | Angel Studios | 899.07 Mn | 851.03 Mn | 59.96 Mn | 61.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 61.14 Mn |
| 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 |