Develops films and TV shows for values-driven audiences.
Jun 2026Revenue $413M/yrExpenses $543M/yr
Fell below break-even Feb 2024Cash runway ≈ 1.1 years from Jun 2026
Figures by year
When will Angel Studios be profitable again?
Its expenses passed its revenue in Feb 2024. In the 12 months to Jun 2026, revenue was $413M and expenses $543M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $322M | $486M | −$164M |
| Dec 2024 | $96.5M | $183M | −$86.7M |
| Dec 2023 | $202M | $190M | $12.4M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.