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Angel Studios ANGX Total Cost of Revenue

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Other financials

Income statement

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Revenue$115.1M+143%
Gross profit$71.1M+154%
Operating income-$2.7M+92.1%
Net income-$13.8M+63.0%
EPS (diluted)-$0.08+68.0%

Balance sheet

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Cash & equivalents$38.9M+10,871%
Total debt$64.8M
Total equity-$10.2M-184%
Total assets$213.1M+20,635%

Cash flow

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Operating cash flow$1.9M+119%

Valuation

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Market cap$801.18M-62.4%
Enterprise value$827.14M
P/S2.1×

Profitability

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Gross margin61.6%
Operating margin-28.8%
Net margin-34.1%

Returns & leverage

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Current ratio0.6×+0.5×

Where this comes from

Reported directly by Angel Studios in its filing.

Tagged under the XBRL concept us-gaap:CostOfRevenue.

The source filing: Angel Studios’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001865200-26-000036
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Pay it Forward revenue154,6021,233,896
Total revenue115,105,06647,440,640
Operating expenses:
Cost of revenues44,002,34619,480,204
Selling and marketing56,596,56350,525,314
General and administrative11,245,4587,367,254
Research and development4,083,9383,244,918
Legal expense1,842,932414,513

Item 1. Financial Statements

FAQ

What is Angel Studios's total cost of revenue?
Angel Studios (ANGX) reported total cost of revenue of $44M in Q1 2026.
How has Angel Studios's total cost of revenue changed year-over-year?
Angel Studios's total cost of revenue increased by 125.9% year-over-year, from $19.48M to $44M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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