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Angel Studios, Inc. ANGX Business Segments

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Revenue by Product
Angel Guild Revenue$258.37M$209.72M$155.11M$104.91M
Content Licensing$32.03M$24.47M$21.85M$14.78M
Merchandise Revenue$9.55M$7.36M
Theatrical Release Revenue$87.26M$77.01M$57.39M$56.88M

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Questions, answered.

How does Angel Studios, Inc. break its business down?
Angel Studios, Inc. (ANGX) reports revenue by product across 5 parts — Angel Guild Revenue, Content Licensing, Entertainment Pay It Forward Revenue Not Related To Theatrical Releases, Merchandise Revenue and Theatrical Release Revenue. Each is extracted from the segment footnotes and tracked over time.
Where does Angel Studios, Inc.'s segment data come from?
Segment breakdowns are pulled from the segment footnotes in Angel Studios, Inc.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.