Angel Studios (ANGX) revenue breakdown
By product, Angel Guild Memberships is the largest at 65% of fiscal 2025 revenue, growing 745% a year over 2 years.
Revenue by product
Fiscal years, as Angel Studios reports them in its 10-K filings; fiscal 2025 total $322M.
| Products | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|
| Angel Guild Memberships | $3M | $36M | $210M | 65% |
| Theatrical Pay it Forward | $107M | $29M | $77M | 24% |
| Content Licensing | $39M | $17M | $24M | 8% |
| Merchandise | $18M | $6M | $7M | 2% |
| Other Deferred Revenue | $663,187 | $1M | $1M | 0% |
| Entertainment, Pay-it-forward Revenue Not Related to Theatrical Releases | $32M | $6M | $1M | 0% |
| Entertainment, Pay-it-forward Revenue Related to Theatrical Releases | $3M | $2M | $719,370 | 0% |
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Where does Angel Studios make its money?
In fiscal 2025, by product: Angel Guild Memberships $210M, Theatrical Pay it Forward $77M, Content Licensing $24M, Merchandise $7M, Other Deferred Revenue $1M.
From Angel Studios's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.