Angel Studios, Inc.
ANGX · Services-Motion Picture & Video Tape Production · 144.4M shares · EDGAR filings ↗
Net buyback after stock comp: -$925K (gross $107K, SBC $1M)
Reference price $3.06 · est. market cap ~$441M — last insider purchase, 2026-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D47Angel Studios — faith/family content studio running losses.
Strengths
- Differentiated crowdfunded-content and community model
Risks
- Operating margin -51%; weak liquidity (current 0.62)
- Hit-driven content economics; cash needs
Notable findings
- Net lossNet loss (net margin -53.0%)
- Weak liquidityCurrent ratio 0.62 (<1)
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$982,574, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
61.2%
Operating margin
-51.0%
Net margin
-53.0%
Return on assets
-70.6%
Revenue growth (QoQ)
4.7%
Current ratio
0.6×
EBITDA
-$150M
Cash & investments
$44M
Stock comp / revenue
3.0%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-22 | GAY ROBERT C | Option exercise | 5.3K | — |
| 2026-05-05 | Sarowitz Steven I | Buy | 322K | $3.06 |
| 2026-04-23 | Sarowitz Steven I | Option exercise | 2.6K | — |
| 2026-04-23 | Nguyen Trang T | Option exercise | 2.6K | — |
| 2026-04-23 | Liljenquist Katie | Option exercise | 2.6K | — |
| 2026-04-23 | Crane Benton Deloss | Option exercise | 2.6K | — |
| 2026-04-23 | Ahlstrom Paul | Option exercise | 2.6K | — |
| 2026-03-06 | Oskoui Stephen D. | Conversion | 58K | — |
| 2026-02-27 | Oskoui Stephen D. | Option exercise | 138K | $2.24 |
| 2026-02-27 | Oskoui Stephen D. | Tax withheld | 80K | $3.86 |
| 2026-01-26 | Sarowitz Steven I | Option exercise | 2.6K | — |
| 2026-01-23 | Ahlstrom Paul | Option exercise | 2.6K | — |
| 2026-01-23 | Nguyen Trang T | Option exercise | 2.6K | — |
| 2026-01-23 | Liljenquist Katie | Option exercise | 2.6K | — |
| 2026-01-23 | Crane Benton Deloss | Option exercise | 2.6K | — |
| 2026-01-15 | Ahlstrom Paul | Disposition | 3.4M | — |
| 2026-01-15 | Ahlstrom Paul | Other | 210K | — |
| 2026-01-15 | Ahlstrom Paul | Other | 210K | — |
| 2025-12-05 | Ellis Elizabeth | Option exercise | 20K | $0.16 |
| 2025-11-26 | Crane Benton Deloss | Conversion | 200K | — |
| 2025-11-26 | Crane Benton Deloss | Conversion | 200K | — |
| 2025-09-12 | Oskoui Stephen D. | Conversion | 54K | — |
| 2025-09-11 | Taylor Seth | Buy | 11 | $17.54 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001865200-26-000048 ↗ |
| 8-K | 2026-06-04 | 2026-05-29 | 0001865200-26-000045 ↗ |
| 8-K | 2026-05-22 | 2026-05-21 | 0001865200-26-000040 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001865200-26-000036 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001865200-26-000034 ↗ |
| 8-K | 2026-04-13 | 2026-04-10 | 0001104659-26-042150 ↗ |
| 8-K | 2026-04-10 | 2026-04-10 | 0001104659-26-041758 ↗ |
| 10-K | 2026-03-12 | 2025-12-31 | 0001865200-26-000020 ↗ |
| 8-K | 2026-03-12 | 2026-03-12 | 0001865200-26-000018 ↗ |
| 8-K | 2026-02-23 | 2026-02-17 | 0001865200-26-000016 ↗ |
| 8-K | 2025-12-30 | 2025-12-30 | 0001865200-25-000030 ↗ |
| 8-K | 2025-12-16 | 2025-12-16 | 0001865200-25-000028 ↗ |