Angel Studios (ANGX)
Market Price (12/18/2025): $5.02 | Market Cap: $806.6 MilSector: Communication Services | Industry: Movies & Entertainment
Angel Studios (ANGX)
Market Price (12/18/2025): $5.02Market Cap: $806.6 MilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights
Why It Matters
Which of these 2 stories sounds closer for this stock?
1. Generates cash flow
The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.
2. Riding a trend
Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy, Digital Content & Streaming, and Niche & Values-Based Media. Themes include Creator Economy Monetization, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -101 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -54% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11% | |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -32% | |
| Key risksANGX key risks include [1] a history of significant unprofitability and a scrutinized valuation, Show more. |
| Megatrend and thematic driversMegatrends include Social Media & Creator Economy, Digital Content & Streaming, and Niche & Values-Based Media. Themes include Creator Economy Monetization, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -101 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -54% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -11% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -32% |
| Key risksANGX key risks include [1] a history of significant unprofitability and a scrutinized valuation, Show more. |
Valuation, Metrics & Events
ANGX Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Angel Studios (ANGX) experienced significant stock movement from late August 2025 to December 2025 due to several key factors.
1. Public Listing and Initial Volatility
Angel Studios went public on September 11, 2025, through a reverse merger with Southport Acquisition, with its Class A common stock trading under the ticker symbol ANGX on the NYSE. The stock showed extreme volatility around its public debut, reaching an all-time high of $60.00 on September 8, 2025 (likely reflecting pre-merger SPAC valuation), and then dropping sharply to an all-time low of $3.77 on September 26, 2025. This significant fluctuation indicates a major market adjustment or investor reaction to the company's initial public valuation.
2. Strong Q3 2025 Revenue Growth
The company reported a substantial increase in revenue for the third quarter of 2025. This positive financial performance likely provided some support to the stock price, demonstrating growth in its core business operations.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ANGX Return | � | � | � | � | � | � | � |
| Peers Return | 11% | -0% | -45% | 22% | 24% | 45% | 33% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 14% | 108% |
Monthly Win Rates [3] | |||||||
| ANGX Win Rate | � | � | � | � | � | 67% | |
| Peers Win Rate | 52% | 40% | 38% | 55% | 55% | 55% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ANGX Max Drawdown | � | � | � | � | � | � | |
| Peers Max Drawdown | -37% | -13% | -52% | -10% | -23% | -21% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: WBD, DIS, NFLX, AMCX, FOXA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/17/2025 (YTD)
How Low Can It Go
ANGX has limited trading history. Below is the Communication Services sector ETF (XLC) in its place.
| Event | XLC | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -47.2% | -25.4% |
| % Gain to Breakeven | 89.5% | 34.1% |
| Time to Breakeven | 602 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -30.1% | -33.9% |
| % Gain to Breakeven | 43.2% | 51.3% |
| Time to Breakeven | 112 days | 148 days |
| 2018 Correction | ||
| % Loss | -24.8% | -19.8% |
| % Gain to Breakeven | 32.9% | 24.7% |
| Time to Breakeven | 326 days | 120 days |
Compare to
In The Past
The Communication Services Select Sector SPDR Fund's stock fell -47.2% during the 2022 Inflation Shock from a high on 9/1/2021. A -47.2% loss requires a 89.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth over time.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Trade Ideas
Select past ideas related to ANGX. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -5.0% | -5.0% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -3.9% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.3% | 1.3% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -28.9% | -28.9% | -29.8% |
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11302025 | PINS | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.3% | -1.3% | -1.4% | |
| 11212025 | TMUS | T-Mobile US | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -5.0% | -5.0% | -6.4% |
| 11212025 | Z | Zillow | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -1.5% | -1.5% | -3.9% |
| 11072025 | IRDM | Iridium Communications | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 1.3% | 1.3% | -5.6% |
| 10032025 | TTD | Trade Desk | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | -28.9% | -28.9% | -29.8% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Angel Studios
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 49.69 |
| Mkt Cap | 69.9 |
| Rev LTM | 27,168 |
| Op Inc LTM | 2,328 |
| FCF LTM | 3,400 |
| FCF 3Y Avg | 4,925 |
| CFO LTM | 4,133 |
| CFO 3Y Avg | 6,071 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -0.5% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 2.2% |
| QoQ Delta Rev Chg LTM | 0.5% |
| Op Mgn LTM | 13.6% |
| Op Mgn 3Y Avg | 15.3% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 16.1% |
| CFO/Rev 3Y Avg | 15.2% |
| FCF/Rev LTM | 11.3% |
| FCF/Rev 3Y Avg | 11.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 69.9 |
| P/S | 1.7 |
| P/EBIT | 13.1 |
| P/E | 16.0 |
| P/CFO | 9.3 |
| Total Yield | 1.0% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 8.5% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 7.8% |
| 3M Rtn | 6.5% |
| 6M Rtn | 30.7% |
| 12M Rtn | 3.1% |
| 3Y Rtn | 141.0% |
| 1M Excs Rtn | 7.1% |
| 3M Excs Rtn | 5.3% |
| 6M Excs Rtn | 18.3% |
| 12M Excs Rtn | -7.9% |
| 3Y Excs Rtn | 66.5% |
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/13/2025 | 13.9% | -1.3% | |
| SUMMARY STATS | |||
| # Positive | 1 | 0 | 0 |
| # Negative | 0 | 1 | 1 |
| Median Positive | 13.9% | ||
| Median Negative | -1.3% | ||
| Max Positive | 13.9% | ||
| Max Negative | -1.3% | ||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 6302025 | 8132025 | 10-Q 6/30/2025 |
| 12312024 | 8042025 | 424B3 12/31/2024 |
| 9302024 | 2142025 | S-4/A 9/30/2024 |
| 12312023 | 11122024 | S-4 12/31/2023 |
Insider Activity
Expand for More| Owner | Title | Filing Date | Action | Price | Shares | TransactedValue | Value ofHeld Shares | Form | |
|---|---|---|---|---|---|---|---|---|---|
| 0 | Liljenquist Katie | 5082025 | Buy | 32.76 | 6,105 | 200,000 | 308,304 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |