Angel Studios (ANGX)
Selects, distributes, and funds films and television shows through the Angel Guild.
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Angel Guild memberships give audiences voting and early streaming access while helping fund future film and television projects. Revenue comes from memberships, theatrical releases, content licensing, merchandise, and Pay it Forward, all within one reportable segment.
Angel Guild members vote on film and television projects, rally audiences around theatrical releases, and fund future work through membership. Membership tiers provide voting and early streaming access, with higher tiers adding ad-free viewing, tickets, and merchandise discounts.
Revenue also comes from theatrical releases, content licensing, merchandise, and Pay it Forward. The business reports one segment rather than separate management segments, and its historic The Chosen distribution activities produced no revenue at the time of the latest annual report.
Founded as VidAngel, the company became Angel Studios in 2021 and began NYSE trading as ANGX in 2025 after a business combination. The business remains subject to conditions relating to unauthorized use of copyrighted works under its Disney settlement.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $48.0M · Total debt $77.1M · Total assets $235.1M · Shareholders' equity −$29.1M
- Revenue
- $111.7M
- Operating income
- −$17.6M
- Net income
- −$23.8M
No dividends on record.
| Institutions | ≈ 26.01% | 44.20M shares | |
|---|---|---|---|
| 148 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 23.92% | 40.66M shares | |
| 12 holders · as of Sep 14, 2026 | |||
| Strategic holders | 0.03% | 53.5K shares | |
| 1 holder · as of Sep 19, 2025 | |||
| Other | ≈ 50.04% | 85.02M shares | |
| remainder | |||
169.94M company shares as of Aug 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Gigafund Management Company, LLCInstitution | 11.45% | 19.46M | as of Jun 30, 2026 |
Jeffrey HarmonInsiderofficer: Chief Content Officer | 10.25% | 575,505 · 16.84M | filed Aug 17, 2026 |
Neal HarmonInsiderdirector, officer: Chief Executive Officer | 10.05% | 112,573 · 16.96M | filed Aug 17, 2026 |
Hudson Bay Capital Management LPInstitution | 2.30% | 3.92M | as of Jun 30, 2026 |
Peak6 LLCInstitution | 1.53% | 2.59M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 11, 2026 | Steven I. Sarowitz | director | +88,647 | $5.33 |
| Sep 10, 2026 | Steven I. Sarowitz | director | +355,998 | $5.28 |
| Sep 9, 2026 | Steven I. Sarowitz | director | +132,639 | $4.95 |
| Sep 1, 2026 | Steven I. Sarowitz | director | +10,979 | $4.27 |
| Aug 14, 2026 | Jeffrey Harmon | officer: Chief Content Officer | +51,380 | $4.26 |
- Netflix
Subscription streaming and content acquisition overlap
- Walt Disney
Direct-to-consumer, theatrical, and licensing overlap
- Warner Bros. Discovery
Streaming, theatrical releases, and content rights overlap
- Lionsgate Studios
Film and TV production and distribution overlap
- Sony (ADR)
Theatrical film, TV distribution, and streaming overlap
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Angel Studios | $5.01 | −4.02% | $881.6M | — | — | 2.1 | +27.5% |
| Netflix | $71.91 | −1.98% | $305.47B | 23.1 | 20.8 | 6.3 | +13.4% |
| Walt Disney | $103.48 | −0.72% | $180.96B | 21.5 | 13.8 | 1.8 | +7.1% |
| Warner Bros. Discovery | $30.81 | +0.02% | $77.22B | — | — | 2.1 | −11.2% |
| Lionsgate Studios | $11.41 | −0.65% | $3.42B | — | 26.7 | 1.2 | +47.7% |
| Sony (ADR) | $23.41 | −0.76% | $138.53B | — | 27.4 | 1.7 | +0.3% |
| Median | 22.3 | 23.8 | 1.8 | +7.1% |