Angel Studios - Public Comps and Valuation Multiples

Angel Studios Overview

About Angel Studios

Angel Studios Inc is an entertainment company known for crowd-funded films and television projects. It enables creators to share projects and engage audiences directly. The platform allows fans to invest in and promote productions, fostering a community-driven approach to content creation.

Founded

2013

HQ

Employees

225

Website

angel.com

Sectors

Content Production

Financials

LTM Revenue $301M

LTM EBITDA -$105M

EV

$642M

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Angel Studios Financials

As of January 2026, Angel Studios reported last 12-month revenue of $301M and EBITDA of -$105M.

In the same period, Angel Studios generated $187M in LTM gross profit and -$125M in net income.

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Angel Studios P&L

In the most recent fiscal year, Angel Studios reported revenue of $96.5M and EBITDA of -$82.4M.

Angel Studios expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue	$301M	XXX	$96.5M	XXX	XXX	XXX
Gross Profit	$187M	XXX	$54.5M	XXX	XXX	XXX
Gross Margin	62%	XXX	56%	XXX	XXX	XXX
EBITDA	-$105M	XXX	-$82.4M	XXX	XXX	XXX
EBITDA Margin	-35%	XXX	-85%	XXX	XXX	XXX
EBIT	-$121M	XXX	-$88.2M	XXX	XXX	XXX
EBIT Margin	-40%	XXX	-91%	XXX	XXX	XXX
Net Profit	-$125M	XXX	-$89.8M	XXX	XXX	XXX
Net Margin	-41%	XXX	-93%	XXX	XXX	XXX
Net Debt	XXX	XXX	$4.2M	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Angel Studios including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $301M. EBITDA for the last twelve months was -$105M. In the most recent fiscal year, Angel Studios achieved $96.5M in revenue and -$82.4M in EBITDA.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2026)	Next Fiscal Year (2027)	Two Years Forward (2028)
Total Revenue	$301M	Analyst estimates available to subscribers	$96.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	$187M	Analyst estimates available to subscribers	$54.5M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	62.0% gross margin	Analyst estimates available to subscribers	56.4% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	-$105M	Analyst estimates available to subscribers	-$82.4M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	-34.8% EBITDA margin	Analyst estimates available to subscribers	-85.4% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$121M	Analyst estimates available to subscribers	-$88.2M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-40.0% EBIT margin	Analyst estimates available to subscribers	-91.4% EBIT margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$125M	Analyst estimates available to subscribers	-$89.8M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-41.4% net profit margin	Analyst estimates available to subscribers	-93.0% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	$4.2M	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Angel Studios

This financial data table provides comprehensive performance metrics for Angel Studios, a company based in United States of America. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Angel Studios generated $301M in revenue over the last twelve months.
The company achieved -$105M in EBITDA over the last twelve months.
Gross profit for the last twelve months was $187M.
Net income over the last twelve months reached -$125M.

Fiscal Year Performance

In the most recent fiscal year, Angel Studios reported $96.5M in total revenue.
Fiscal year EBITDA was -$82.4M.
The company maintained a gross profit margin of 56.4% in the most recent fiscal year.
EBITDA margin for the fiscal year was -85.4%.
Net profit margin reached -93.0% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Angel Studios. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Angel Studios Stock Performance

Angel Studios has current market cap of $632M, and EV of $642M.

Market Cap Evolution

Angel Studios Stock Data

As of February 11, 2026, Angel Studios's stock price is $4.

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$642M	$632M	XXX	XXX	XXX	XXX	$-1.68

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Angel Studios Valuation Multiples

Angel Studios's trades at 2.1x EV/Revenue multiple, and -6.1x EV/EBITDA.

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Angel Studios Financial Valuation Multiples

As of February 11, 2026, Angel Studios has market cap of $632M and EV of $642M.

Equity research analysts estimate Angel Studios's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Angel Studios has a P/E ratio of -5.1x.

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Market cap (current)	$632M	XXX	$632M	XXX	XXX	XXX
EV (current)	$642M	XXX	$642M	XXX	XXX	XXX
EV/Revenue	2.1x	XXX	2.1x	XXX	XXX	XXX
EV/EBITDA	-6.1x	XXX	-6.1x	XXX	XXX	XXX
EV/EBIT	-5.3x	XXX	-5.3x	XXX	XXX	XXX
EV/Gross Profit	3.4x	XXX	n/a	XXX	XXX	XXX
P/E	-5.1x	XXX	-5.1x	XXX	XXX	XXX
EV/FCF	-8.8x	XXX	-8.8x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Angel Studios Margins & Growth Rates

Angel Studios's last 12 month revenue growth is 36%

Angel Studios's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.6M for the same period.

Angel Studios's rule of 40 is 42% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Angel Studios's rule of X is 55% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Angel Studios Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2026	FY 2027	FY 2028
Revenue Growth	36%	XXX	32%	XXX	XXX	XXX
EBITDA Margin	-35%	XXX	-35%	XXX	XXX	XXX
EBITDA Growth	-27%	XXX	n/a	XXX	XXX	XXX
Rule of 40	42%	XXX	1%	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	55%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	$0.4M	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$0.6M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	99%	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	15%	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	148%	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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