Angel Studios reported revenue of $111.71M and net income of -$23.79M for the quarter ended Jun 2026, up 27.5% year over year. This income statement covers 19 quarters of results from Dec 2021 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||
| Revenue | 20.12M | 31.03M | 47.44M | 87.64M | 76.54M | 109.93M | 115.11M | 111.71M | |||||||||||
| Cost of RevenueCost of Rev | 8.11M | 13.02M | 19.48M | 27.29M | 34.33M | 43.76M | 44.00M | 51.75M | |||||||||||
| Gross Profit | 12.01M | 18.01M | 27.96M | 60.36M | 42.21M | 66.18M | 71.10M | 59.96M | |||||||||||
| Operating items | |||||||||||||||||||
| Research & DevelopmentR&D | 16.60M | 38.02M | 50.53M | 61.51M | 64.68M | 120.60M | 56.60M | 61.14M | |||||||||||
| Selling, General & AdministrativeSG&A | 6.06M | 6.31M | 7.37M | 9.84M | 10.13M | 10.53M | 11.25M | 12.41M | |||||||||||
| Restructuring CostsRestructuring | 0.06M | 0.01M | 0.03M | 0.12M | 0.02M | 0.10M | 0.01M | 0.10M | 0.11M | 0.04M | 0.04M | 0.07M | 0.04M | 0.10M | |||||
| Other Operating ExpensesOther Opex | 0.44M | 0.35M | 0.33M | 0.26M | 0.27M | 0.13M | 189.19M | 0.30M | 0.24M | 12.56M | 15.39M | 23.09M | 37.52M | 39.82M | 49.68M | 49.93M | 56.67M | ||
| Operating ExpensesOpex | 0.50M | 0.37M | 0.35M | 0.12M | 0.28M | 0.37M | 0.14M | 189.29M | 0.41M | 0.29M | 35.27M | 59.79M | 81.03M | 108.97M | 114.63M | 180.81M | 117.77M | 130.22M | |
| Operating IncomeOp. Inc | -0.50M | -0.37M | -0.35M | -0.35M | -0.28M | -0.37M | -0.14M | 13.15M | -0.41M | -0.29M | -15.14M | -28.76M | -33.59M | -21.32M | -38.09M | -70.88M | -2.67M | -18.51M | |
| EBIT | -0.50M | -0.37M | -0.35M | -0.35M | -0.28M | -0.37M | -0.14M | 13.15M | -0.41M | -0.29M | -15.14M | -28.76M | -33.59M | -21.32M | -38.09M | -70.88M | -2.67M | -18.51M | |
| Non-operating items | |||||||||||||||||||
| Non Operating Interest Expenses | 0.39M | 0.14M | 3.14M | 0.45M | 0.40M | 1.56M | 2.74M | 3.98M | 3.55M | 6.03M | 3.09M | ||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | 0.02M | 0.31M | 0.66M | ||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.75M | 0.91M | 1.12M | 1.41M | 1.51M | 1.40M | 0.71M | 0.54M | |||||||||||
| Other Non Operating IncomeOther Non Op Inc. | 10.87M | 3.74M | 1.66M | 3.80M | 2.53M | 2.86M | 0.73M | -5.58M | 0.56M | 0.16M | -1.23M | -1.89M | 0.00M | -0.50M | 0.08M | 0.20M | |||
| Non Operating IncomeNon Op. Inc. | 0.73M | -0.17M | 1.16M | -0.40M | -3.74M | 5.62M | -0.52M | -7.74M | -11.09M | -5.28M | |||||||||
| Net income details | |||||||||||||||||||
| EBT | 10.37M | 3.37M | 1.31M | 3.45M | 1.70M | 2.25M | 0.13M | 6.43M | 0.33M | -0.46M | -13.98M | -29.16M | -37.33M | -15.71M | -38.61M | -78.62M | -13.76M | -23.79M | |
| Tax ProvisionsTaxes | 0.52M | 0.59M | 0.14M | -3.95M | 0.06M | 0.05M | -0.08M | -13.35M | 0.09M | 277.00 | |||||||||
| Profit After TaxPAT | 10.37M | 3.37M | 1.31M | 3.09M | 1.18M | 1.66M | -0.01M | 10.53M | 0.26M | -0.50M | -13.90M | -37.18M | -37.33M | -15.77M | -38.61M | -78.60M | -13.80M | -23.79M | |
| Income from Non-Controlling InterestsInc. Minority | -0.04M | -0.50M | -0.03M | 0.06M | -0.06M | 0.75M | 0.05M | -944.00 | |||||||||||
| Income from Continuing OperationsIncome (Continuing) | 10.37M | 3.37M | 1.31M | 3.45M | 1.18M | 1.66M | -0.01M | 10.38M | 0.26M | -0.50M | -13.90M | -15.81M | -37.42M | -15.71M | -38.61M | -78.62M | -13.76M | -23.79M | |
| Consolidated Net IncomeConsol Net Inc. | 10.37M | 3.37M | 1.31M | 3.45M | 1.18M | 1.66M | -0.01M | 10.38M | 0.26M | -0.50M | -13.90M | -15.81M | -37.42M | -15.71M | -38.61M | -78.62M | -13.76M | -23.79M | |
| Income towards Parent CompanyParent Net Inc | 10.37M | 3.37M | 1.31M | 3.45M | 1.18M | 1.66M | -0.01M | 10.38M | 0.26M | -0.50M | -13.90M | -15.81M | -37.42M | -15.71M | -38.61M | -78.62M | -13.76M | -23.79M | |
| Net Income towards Common StockholdersNet Income | 10.37M | 3.37M | 1.31M | 3.09M | 1.18M | 1.66M | -0.01M | 10.38M | 0.26M | -0.50M | -13.90M | -15.81M | -37.42M | -15.71M | -38.61M | -78.62M | -13.76M | -23.79M | |
| Additional items | |||||||||||||||||||
| EPS (Basic) | 0.09 | 0.15 | 0.03 | 0.06 | 0.05 | 0.09 | 0.00 | 0.08 | 0.07 | -0.43 | -0.10 | -0.11 | -0.26 | -0.11 | -0.25 | -0.51 | -0.08 | -0.13 | |
| EPS (Diluted) | 0.09 | 0.07 | 0.03 | 0.10 | 0.03 | 0.09 | 0.00 | 0.07 | 0.07 | -0.43 | -0.10 | -0.11 | -0.26 | -0.11 | -0.25 | -0.51 | -0.08 | -0.13 | |
| Shares Outstanding | 8.94M | 115.00M | 23.00M | 46.00M | 51.75M | 23.00M | 18.65M | 15.20M | 132.56M | 3.59M | 1.16M | 138.82M | 137.99M | 145.62M | 149.43M | 156.80M | 155.25M | 169.38M | 184.24M |
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 7.36M | 115.00M | 51.75M | 46.00M | 30.33M | 34.50M | 18.65M | 15.20M | 139.87M | 3.59M | 1.16M | 138.82M | 137.99M | 145.62M | 149.43M | 156.80M | 155.25M | 169.38M | 184.24M |
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 51.75M | 148.75M | 34.50M | 46.00M | 51.75M | 38.70M | 18.65M | 15.20M | 132.56M | 12.66M | 11.50M | 138.82M | 137.99M | 145.62M | 149.43M | 156.80M | 155.25M | 169.38M | 184.24M |
| EBITDA | -0.50M | -0.37M | -0.35M | -0.35M | -0.28M | -0.37M | -0.14M | 13.15M | -0.41M | -0.29M | -15.14M | -28.76M | -33.59M | -21.32M | -38.09M | -70.88M | -2.67M | -18.51M | |
| Interest ExpensesInt Expense | 0.39M | 0.14M | 3.14M | 0.45M | 0.40M | 1.56M | 2.74M | 3.98M | 3.55M | 6.03M | 3.09M | ||||||||
| Tax Rate | 30.51% | 26.29% | 107.94% | -61.45% | 19.83% | -10.85% | 0.57% | 45.78% | -0.24% | 0.00% |