ANGX
Angel Studios, Inc.Communication Services·Entertainment
$2.77
$446M market cap
Revenue
$225.0M
Free Cash Flow
$-54.6M
Rev Growth
+0.0%
FCF Margin
-24.3%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Angel Studios, Inc. produce and distribute films and television shows by creators through its streaming platform. The company's platform allows users to watch movies, shows, and documentaries for all ages. In addition, the company sells physical media, such as DVD, Blu-ray discs, and various books online; and provides content licensing services. The platform allows fans to invest in and promote productions, fostering a community-driven approach to content creation. Angel Studios, Inc. was former
2-Year Price History
$2.84-78.6%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 115.1 | -3.8 | -2.7 | -13.8 | 1.9 | -3.4 | -2.7 | 38.9 | 105.3 | 169.4 | -10.1% | -0.6x | -- |
| Act | 2025-Q4 | 109.9 | -56.0 | -69.2 | -78.6 | -24.7 | -51.2 | -0.1 | 44.1 | 58.8 | 168.7 | -470.3% | -15.8x | -- |
Valuation & Metrics
Market Stats
Price$2.77
Market Cap$446M
Enterprise Value$513M
P/S Ratio2.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)-24.3%
FCF Yield-12.2%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$225.0M
Net Income$-92.4M
Free Cash Flow$-54.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin-26.5%
Net Margin-41.1%
FCF Margin-24.3%
CapEx % of Revenue1.3%
SBC % of Revenue1.5%
ROIC-240.2%
WC Change % Rev2.6%
Interest Coverage-6.2x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares5.1M
Days to Cover3.3
Change (vs Prior)+10.2%
Need at least 2 settlement dates for chart
Employees
Headcount219
Revenue / Employee$1,027,575
Gross Profit / Employee$626,840
Cash Runway
8.5months
CRITICAL
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
22.5%(+13.4% YoY)
106 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
3.1%(+3.1% YoY)
7 filers
Vanguard, iShares, SPDR
Market makers
0.1%(+0.1% YoY)
3 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| Gigafund Management Company, LLC | $59.4M | $4.67 | +$0 | +$59.4M | — | $59.4M |
| Hudson Bay Capital Management LP | $12.6M | $5.10 | −$3.6M | +$12.6M | +1.9% | $15.12B |
| BlackRock, Inc.Passive | $4.0M | $4.63 | +$99K | +$4.0M | -0.2% | $5.69T |
| Sepio Capital, LP | $3.2M | $5.47 | +$142K | +$3.2M | -0.2% | $1.84B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $2.9M | $3.05 | +$2.9M | +$2.9M | — | $4.04T |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $2.8M | $4.61 | +$110K | +$2.8M | +2.3% | $1.61T |
| Harvest Investment Services, LLC | $2.1M | $4.59 | +$123K | +$2.1M | +1.9% | $547M |
| MMBG INVESTMENT ADVISORS CO. | $1.8M | $3.31 | +$1.5M | +$1.8M | +0.3% | $1.09B |
| DIVERSIFY WEALTH MANAGEMENT, LLC | $1.8M | $4.60 | +$121K | +$1.8M | -0.3% | $5.54B |
| LPL Financial LLC | $1.8M | $5.77 | +$20K | +$1.8M | -0.2% | $372.65B |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.5M | $4.66 | +$11K | +$1.5M | +0.7% | $645.81B |
| VANGUARD FIDUCIARY TRUST COPassive | $1.3M | $3.05 | +$1.3M | +$1.3M | — | $395.83B |
| STATE STREET CORPPassive | $1.1M | $3.85 | +$578K | +$1.1M | -0.2% | $2.89T |
| Verition Fund Management LLC | $1.0M | $4.67 | −$642K | +$1.0M | -0.4% | $9.73B |
| World Investment Advisors | $705K | $4.47 | +$87K | +$705K | -0.3% | $6.09B |
| Stratos Wealth Partners, LTD. | $671K | $5.37 | −$0 | +$671K | -0.2% | $8.78B |
| Diametric Capital, LP | $645K | $3.86 | +$321K | +$645K | +1.1% | $381M |
| NORTHERN TRUST CORPPassive | $538K | $4.67 | −$24K | +$538K | -0.2% | $755.34B |
| AMUSSEN HUNSAKER ASSOCIATES LLC | $500K | $4.67 | +$0 | +$500K | +0.2% | $947M |
| MORGAN STANLEY | $374K | $4.44 | +$64K | +$374K | -0.3% | $1.65T |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
-19.81%
avg per quarter
Holders (ex-self)
+0.81%
excl. this stock
Buyers (this Q)
+0.13%
40 buyers · $0.01B in
Sellers (this Q)
+1.26%
18 sellers · $0.02B out
alpha coverage: 96% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+15.2%
how holders react when this stock falls
On quiet Qs
-7.1%
−10% to +10% baseline
On rallies (+10%+)
-9.9%
how they react when this stock rises
Holders' portfolio flow this Q
+2.9%
inflows — adds are organic
Sellers' portfolio flow this Q
-4.2%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-2.1%
Holder mid (any stock)
-7.1%
Holder rally (any stock)
-9.9%
Biggest decreases this quarter
Hudson Bay Capital Management LP−$3.6Mα+1.9Soviero Asset Management, LPexited−$1.2MVerition Fund Management LLC−$642Kα-0.4GROUP ONE TRADING LLCexited−$276KSUSQUEHANNA INTERNATIONAL GROUP, LLP−$207Kα-0.6Shay Capital LLCexited−$168KAquire Wealth Advisors, LLCexited−$130KStrategic Advocates LLCexited−$116KFocus Partners Wealthexited−$68KJacobs Equity LLCexited−$55K
New buyers this quarter
Top-5 holders · 76.9%
Gigafund Management Company, LLC--
Hudson Bay Capital Management LP--
BlackRock, Inc.--
Sepio Capital, LP--
VANGUARD CAPITAL MANAGEMENT LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Gigafund Management Company, LLC19.5MHudson Bay Capital Management LP4.1MCORRECT CAPITAL WEALTH MANAGEMENT—Sepio Capital, LP1.1MLPL Financial LLC586KHarvest Investment Services, LLC685KDIVERSIFY WEALTH MANAGEMENT, LLC703KVerition Fund Management LLC336KCHARLES SCHWAB INVESTMENT MANAGEMENT INC500KRAYMOND JAMES FINANCIAL INC35K
Analyst Coverage
Analyst Coverage
Price Targets
Last Year (1 analysts)$9.0022490.0%
Current Price$2.77
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$983K
2 txns · 2 insiders · 321,555 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-05-05 | BUY | Sarowitz Steven I | director | 321,544 | $3.06 | $983K | $999K |
| 2025-09-11 | BUY | Taylor Seth | officer: Chief Experience Officer | 11 | $17.54 | $193 | $79K |
Order Flow (FINRA, ~3w lag)
33.8%retail-3.2pp
18.3%dark+1.6pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.