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Angel Studios Valuation Multiples
Discover revenue and EBITDA valuation multiples for Angel Studios and similar public comparables like Cover, Saregama India, TV Tokyo Holdings, Tips Music and more.
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
Sectors
Financials (LTM)
EV
$708M
Angel Studios Financials
Angel Studios reported last 12-month revenue of $354M and negative EBITDA of ($109M).
In the same LTM period, Angel Studios generated $218M in gross profit, ($109M) in EBITDA losses, and had net loss of ($150M).
Revenue (LTM)
Angel Studios P&L
In the most recent fiscal year, Angel Studios reported revenue of $322M and EBITDA of ($134M).
Angel Studios expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $354M | XXX | $322M | XXX | XXX | XXX |
| Gross Profit | $218M | XXX | $197M | XXX | XXX | XXX |
| Gross Margin | 62% | XXX | 61% | XXX | XXX | XXX |
| EBITDA | ($109M) | XXX | ($134M) | XXX | XXX | XXX |
| EBITDA Margin | (31%) | XXX | (42%) | XXX | XXX | XXX |
| EBIT Margin | (40%) | XXX | (51%) | XXX | XXX | XXX |
| Net Profit | ($150M) | XXX | ($170M) | XXX | XXX | XXX |
| Net Margin | (42%) | XXX | (53%) | XXX | XXX | XXX |
| Net Debt | — | — | $53M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Angel Studios Stock Performance
Angel Studios has current market cap of $698M, and enterprise value of $708M.
Market Cap Evolution
Angel Studios' stock price is $4.14.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $708M | $698M | 0.0% | XXX | XXX | XXX | $-1.01 |
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Start Free TrialAngel Studios Valuation Multiples
Angel Studios trades at 2.0x EV/Revenue multiple, and (6.5x) EV/EBITDA.
EV / Revenue (LTM)
Angel Studios Financial Valuation Multiples
As of March 28, 2026, Angel Studios has market cap of $698M and EV of $708M.
Equity research analysts estimate Angel Studios' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Angel Studios has a P/E ratio of (4.7x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $698M | XXX | $698M | XXX | XXX | XXX |
| EV (current) | $708M | XXX | $708M | XXX | XXX | XXX |
| EV/Revenue | 2.0x | XXX | 2.2x | XXX | XXX | XXX |
| EV/EBITDA | (6.5x) | XXX | (5.3x) | XXX | XXX | XXX |
| EV/EBIT | (5.0x) | XXX | (4.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 3.3x | XXX | 3.6x | XXX | XXX | XXX |
| P/E | (4.7x) | XXX | (4.1x) | XXX | XXX | XXX |
| EV/FCF | (10.0x) | XXX | (8.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Angel Studios Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Angel Studios Margins & Growth Rates
Angel Studios' revenue in the last 12 month grew by 38%.
Angel Studios' revenue per employee in the last FY averaged $1.6M.
Angel Studios' rule of 40 is 7% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Angel Studios' rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Angel Studios Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 38% | XXX | 43% | XXX | XXX | XXX |
| EBITDA Margin | (31%) | XXX | (42%) | XXX | XXX | XXX |
| EBITDA Growth | (83%) | XXX | (81%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 7% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.6M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 84% | XXX | 93% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 11% | XXX | 15% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 5% | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 112% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Angel Studios Public Comps
See public comps and valuation multiples for other Content Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cover | XXX | XXX | XXX | XXX | XXX | XXX |
| Saregama India | XXX | XXX | XXX | XXX | XXX | XXX |
| TV Tokyo Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Tips Music | XXX | XXX | XXX | XXX | XXX | XXX |
| NRJ Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Angel Studios M&A Activity
Angel Studios acquired XXX companies to date.
Last acquisition by Angel Studios was on XXXXXXXX, XXXXX. Angel Studios acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Angel Studios
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
Get Verified M&A Valuation Multiples
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Start Free TrialAngel Studios Investment Activity
Angel Studios invested in XXX companies to date.
Angel Studios made its latest investment on XXXXXXXX, XXXXX. Angel Studios invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Angel Studios
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Angel Studios
| When was Angel Studios founded? | Angel Studios was founded in 2013. |
| Where is Angel Studios headquartered? | Angel Studios is headquartered in United States. |
| How many employees does Angel Studios have? | As of today, Angel Studios has over 225 employees. |
| Who is the CEO of Angel Studios? | Angel Studios' CEO is Neal S. Harmon. |
| Is Angel Studios publicly listed? | Yes, Angel Studios is a public company listed on NYSE. |
| What is the stock symbol of Angel Studios? | Angel Studios trades under ANGX ticker. |
| When did Angel Studios go public? | Angel Studios went public in 2025. |
| Who are competitors of Angel Studios? | Angel Studios main competitors are Cover, Saregama India, TV Tokyo Holdings, Tips Music. |
| What is the current market cap of Angel Studios? | Angel Studios' current market cap is $698M. |
| What is the current revenue of Angel Studios? | Angel Studios' last 12 months revenue is $354M. |
| What is the current revenue growth of Angel Studios? | Angel Studios revenue growth (NTM/LTM) is 38%. |
| What is the current EV/Revenue multiple of Angel Studios? | Current revenue multiple of Angel Studios is 2.0x. |
| Is Angel Studios profitable? | No, Angel Studios is not profitable. |
| What is the current EBITDA of Angel Studios? | Angel Studios has negative EBITDA and is not profitable. |
| What is Angel Studios' EBITDA margin? | Angel Studios' last 12 months EBITDA margin is (31%). |
| What is the current EV/EBITDA multiple of Angel Studios? | Current EBITDA multiple of Angel Studios is (6.5x). |
| What is the current FCF of Angel Studios? | Angel Studios' last 12 months FCF is ($71M). |
| What is Angel Studios' FCF margin? | Angel Studios' last 12 months FCF margin is (20%). |
| What is the current EV/FCF multiple of Angel Studios? | Current FCF multiple of Angel Studios is (10.0x). |
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