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Angel Studios

Crowdfunded, community-driven studio for uplifting content

Overview

Angel Studios creates and distributes uplifting, independent films and TV shows through a community-driven model. It operates a platform where filmmakers submit “torches” (prototypes of final productions) and the Angel Guild, a group of investors and members, votes on which projects to greenlight. The company earns revenue via a free-to-watch app that encourages viewers to pay it forward to fund future seasons and through merchandise sales. Unlike traditional studios, Angel Studios relies on crowd-based decision-making and fan funding to shape its slate and financially support projects from conception to distribution. Its goal is to connect content creators with audiences who want meaningful, positive entertainment, by letting the community fund and choose the projects they love.

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About Angel Studios

Simplify's Rating
Why Angel Studios is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer SoftwareSocial ImpactEntertainment

Company Size

501-1,000

Company Stage

Growth Equity (Non-Venture Capital)

Total Funding

$213.3M

Headquarters

Provo, Utah

Founded

2013

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Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $111.7 million, up 28%, while Guild revenue jumped 94%.
  • Membership hit 2.85 million by July 31, 2026, and management targets 3 million by year-end.
  • September 2026 app updates added The Brink of War, supporting retention and engagement.

What critics are saying

  • April 2026's 16.445 million-share offering diluted holders and signaled recurring financing dependence.
  • Angel remains vulnerable to copyright disputes; 2016 Disney litigation and 2025 Slingshot show exposure.
  • A failed 2026 slate or Guild slowdown breaks the model; streaming economics alone do not cover losses.

What makes Angel Studios unique

  • Angel Guild's 2.85 million members vote on greenlights, not Hollywood executives.
  • Angel monetizes fandom through memberships, theatrical releases, licensing, and Pay It Forward funding.
  • Its 2026 slate targets faith, family, and historical audiences with recognizable stars.

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Funding

Total Funding

$213.3M

Above

Industry Average

Funded Over

6 Rounds

Growth Equity Non VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity Non VC Funding Comparison Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Unlimited Paid Time Off

Health Savings Account/Flexible Spending Account

401(k) Retirement Plan

401(k) Company Match

Paid Parental Leave

Pet Insurance

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

6%

2 year growth

0%
Animation Magazine
Oct 7th, 2026
'The Wingfeather Saga' debuts official Season 4 trailer.

'The Wingfeather Saga' debuts official Season 4 trailer. October 7, 2026 Angel has shared the official trailer for Season 4 of animated fantasy-adventure series The Wingfeather Saga, premiering October 21 on the platform with new episodes weekly. Based on the bestselling novels by Andrew Peterson and produced by Nashville-based Shining Isle Productions, the series was the No. 1 rated title on Angel in 2025. New voice stars this season include Dan Stevens (Beauty and the Beast) as Esben Wingfeather and Jim Broadbent (Harry Potter and the Deathly Hallows) as Bonifer Squoon. They join returning cast Jodi Benson (The Little Mermaid) as Nia Wingfeather, Kevin McNally (Pirates of the Caribbean) as Podo Helmer, Alkaio Thiele (Wizards of Waverly Place) as Janner Wingfeather, Henry Witcher (The Wild Robot) as Kalmar Wingfeather, Romy Fay (The Chosen Adventures) as Leeli Wingfeather, David Oyelowo (Selma) as General Timber, Kari Wahlgren (SuperKitties) as Amrah/Murgah/Freva, and Henry Ian Cusick (The 100) as Artham Wingfeather. Synopsis: Fleeing Gnag the Nameless and his army of Fangs, Season 4 of The Wingfeather Saga picks up as the Wingfeathers sail north to the Green Hollows, where Kalmar's Fangish appearance is met with fear and suspicion. As Nia reconnects with old friends and traditions, the children enter Guildling Hall where Leeli studies Houndry, and Kal and Janner train with the Durgan Guild. But despite the family's efforts to fit into the peaceful society of Ban Rona, rising distrust and unexpected conflicts endanger their honor, their safety, and ultimately, threaten to tear them apart. Angel hosted the second annual FeatherFest on September 12 where Wingfeather fans gathered for interactive games, booths, snacks, screenings and cast meet and greets. The first two episodes of Season 4 later debuted at the Nashville Film Festival on September 26. Seasons 1-3 of The Wingfeather Saga are available to stream at Angel.com and in the Angel App.

MarketBeat
Sep 18th, 2026
Angel Studios (NYSE:ANGX) price target raised to $9.00.

Angel Studios (NYSE:ANGX) price target raised to $9.00. September 18, 2026 Key points. * B. Riley Financial raised Angel Studios' price target to $9.00 from $8.00 and maintained a "buy" rating, implying 83.86% upside from the previous close. Analysts overall assign the stock a "Moderate Buy" consensus rating with an $8.75 average target. * Angel Studios reported quarterly EPS of -$0.13, beating estimates of -$0.15, on revenue of $111.71 million. Analysts expect a full-year loss of approximately $0.37 per share. * Insider buying has been significant, with company insiders purchasing 1.22 million shares worth $5.56 million over the past 90 days; insiders own 30.10% of the company, while institutions hold 38.57%. * Five stocks we like better than Angel Studios. Angel Studios (NYSE:ANGX - Get Free Report) had its price objective upped by B. Riley Financial from $8.00 to $9.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. B. Riley Financial's price objective suggests a potential upside of 83.86% from the stock's previous close. ANGX has been the topic of several other research reports. Wall Street Zen raised Angel Studios from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Angel Studios from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $8.75. Angel Studios stock performance. Shares of ANGX opened at $4.89 on Friday. The stock has a market capitalization of $914.17 million, a price-to-earnings ratio of -5.26 and a beta of -0.02. Angel Studios has a 52-week low of $2.05 and a 52-week high of $9.85. The stock's 50-day simple moving average is $4.43 and its 200 day simple moving average is $3.57. Angel Studios (NYSE:ANGX - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.13) EPS for the quarter, beating analysts' consensus estimates of ($0.15) by $0.02. The firm had revenue of $111.71 million during the quarter. On average, research analysts forecast that Angel Studios will post -0.37 earnings per share for the current fiscal year. Insiders place their bets. In other Angel Studios news, Director Steven Sarowitz bought 88,647 shares of Angel Studios stock in a transaction that occurred on Friday, September 11th. The shares were bought at an average price of $5.33 per share, with a total value of $472,488.51. Following the acquisition, the director owned 1,329,488 shares in the company, valued at approximately $7,086,171.04. This trade represents a 7.14% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Harmon bought 51,380 shares of Angel Studios stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average cost of $4.26 per share, for a total transaction of $218,878.80. Following the acquisition, the insider owned 256,404 shares in the company, valued at $1,092,281.04. The trade was a 25.06% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 1,219,101 shares of company stock valued at $5,560,239 in the last ninety days. 30.10% of the stock is owned by corporate insiders. Institutional inflows and outflows. Institutional investors and hedge funds have recently modified their holdings of the stock. AWM Investment Company Inc. purchased a new position in Angel Studios in the 2nd quarter worth approximately $1,682,000. AXQ Capital LP purchased a new stake in shares of Angel Studios during the second quarter valued at approximately $100,000. Cetera Investment Advisers boosted its stake in shares of Angel Studios by 124.0% during the first quarter. Cetera Investment Advisers now owns 25,135 shares of the company's stock valued at $77,000 after purchasing an additional 13,915 shares during the period. OneAscent Financial Services LLC bought a new position in shares of Angel Studios in the second quarter worth approximately $41,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Angel Studios by 77.0% in the first quarter. EverSource Wealth Advisors LLC now owns 8,718 shares of the company's stock worth $27,000 after purchasing an additional 3,793 shares during the last quarter. 38.57% of the stock is owned by institutional investors. Angel Studios company profile. Angel Studios, Inc is a media and entertainment company that develops, produces, distributes and licenses film and television content. The company uses a community-driven model through the Angel Guild, whose members help guide content decisions, and focuses on stories intended to "amplify light." Angel Studios generates revenue from Guild memberships, theatrical releases, content licensing, merchandise, and its Pay It Forward model. Discover more Business News Stock Screener Tool Stock Ratings Screener Angel Studios became publicly traded on the New York Stock Exchange under the ticker symbol ANGX in September 2025 following its business combination with Southport Acquisition Corporation, a special purpose acquisition company. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider Angel Studios, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Angel Studios wasn't on the list. While Angel Studios currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership. This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power. 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Yahoo Finance
Aug 5th, 2026
Angel Studios Q2 revenue climbs 28% to $111M as Guild membership hits 2.85M

Angel Studios reported second-quarter revenue of $111 million, up 28% year-over-year, driven by 94% growth in Guild revenue to $90.7 million. Paying Guild members reached 2.61 million at quarter-end and 2.85 million by 31 July, representing approximately $466 million in annual recurring revenue. Marketing efficiency improved significantly, with Guild sales and marketing expense falling to 52.8% of Guild revenue from 71.6% a year earlier. The company spent $61.1 million on sales and marketing whilst adding 390,000 members, compared to $61.5 million spent adding 230,000 members in the prior-year quarter. First-half adjusted EBITDA loss improved to $7.7 million from $46.2 million. Management reaffirmed its goal of limiting full-year adjusted EBITDA loss to $25 million. Angel plans six theatrical releases in 2026 and continues expanding its streaming catalogue and platform distribution.

Yahoo Finance
May 1st, 2026
Angel Studios stock jumps 15% as Q1 loss narrows and revenue soars 143%

Angel Studios stock rose 15.4% on Friday after reporting a smaller-than-expected Q1 loss of $0.08 per share, beating Wall Street's forecast of $0.11. Revenue soared 143% year-over-year to $115.1 million. The company, which went public via SPAC last year, grew its paying guild membership 11% sequentially to 2.22 million members, who provide approximately 72% of revenue. Year-over-year, guild membership more than doubled. Whilst Angel achieved positive adjusted EBITDA in the quarter, it remains unprofitable on a GAAP basis. The company forecasts a $25 million adjusted EBITDA loss for 2026, and Wall Street analysts don't expect GAAP profitability for years. Despite Q1's strong performance, investors should note the company expects adjusted EBITDA to turn negative later this year.

Yahoo Finance
Apr 30th, 2026
Angel Studios reports Q1 2026 earnings 1 May with revenue expected at $110M

Angel Studios Inc is set to release its Q1 2026 earnings on 1 May 2026. The consensus estimate forecasts revenue of $0.11 billion and a loss of $0.13 per share. Revenue estimates for full-year 2026 have increased from $0.41 billion to $0.46 billion over the past 90 days. However, earnings estimates for 2027 have declined from a loss of $0.22 per share to a loss of $0.32 per share. In the previous quarter, Angel Studios beat revenue expectations by 16.09% but missed earnings estimates by 102.61%, posting a loss of $0.47 per share. The share price fell 17.04% following the results. Six analysts set an average one-year price target of $7.83, suggesting a 205.99% upside from the current price of $2.56, with an "Outperform" rating.

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