Angel Studios (ANGX)
Market Price (12/4/2025): $4.47 | Market Cap: $718.2 MilSector: Communication Services | Industry: Movies & Entertainment
Angel Studios (ANGX)
Market Price (12/4/2025): $4.47Market Cap: $718.2 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% |
| 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% |
Valuation, Metrics & Events
ANGX Stock
Why The Stock Moved
Qualitative Assessment
AI Generated Analysis | Feedback
Angel Studios (ANGX) experienced significant events between August 31, 2025, and December 4, 2025, which likely influenced its stock movement.
1. Angel Studios Completed Business Combination and NYSE Debut.
Angel Studios, Inc. officially completed its business combination with Southport Acquisition Corporation, with its Class A common stock beginning to trade on the New York Stock Exchange (NYSE) under the ticker symbol "ANGX" around September 10-11, 2025. This marked a major milestone for the company, transitioning it into the public sphere with a stated goal to reshape entertainment through its community-centric, values-driven storytelling model. The company also secured a $100 million credit facility with Trinity Capital to further expand the Angel Guild and invest in storytelling projects. This event would typically generate positive sentiment and increased investor attention as the company gains broader market access and capital.
2. Third Quarter 2025 Financial Results Showed Strong Revenue Growth.
On November 13, 2025, Angel Studios reported its financial results for the third quarter ended September 30, 2025. The company announced a substantial 280% year-over-year increase in total revenue, reaching $76.5 million for the quarter. Revenues for the nine-month period grew 223% to $211.6 million. This robust revenue growth was largely attributed to the expansion of its Angel Guild membership, which reached 1.6 million members, a 620% increase year-over-year. Following the earnings announcement, the stock price reportedly increased by over 10%.
Stock Movement Drivers
Return vs. Risk
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ANGX Return | - | - | - | - | - | - | |
| Peers Return | 18% | 2% | -22% | 15% | 19% | 2% | 31% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 16% | 112% |
Monthly Win Rates [3] | |||||||
| ANGX Win Rate | - | - | - | - | - | 100% | |
| Peers Win Rate | 35% | 28% | 25% | 33% | 35% | 62% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 70% | |
Max Drawdowns [4] | |||||||
| ANGX Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -10% | -10% | -33% | -8% | -6% | -10% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: NFLX, ANGX, PSKY, DIS, WMG.
[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 12/3/2025 (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
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Asset Allocation
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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 | 2.9% | 2.9% | 0.0% | |
| 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 | 0.8% | 0.8% | -1.2% |
| 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 | 1.3% | 1.3% | 0.0% |
| 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 | -0.5% | -0.5% | -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 | -22.5% | -22.5% | -25.6% |
| 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 | 2.9% | 2.9% | 0.0% | |
| 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 | 0.8% | 0.8% | -1.2% |
| 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 | 1.3% | 1.3% | 0.0% |
| 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 | -0.5% | -0.5% | -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 | -22.5% | -22.5% | -25.6% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Angel Studios
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 27.86 |
| Mkt Cap | 190.2 |
| Rev LTM | 28,756 |
| Op Inc LTM | 2,410 |
| FCF LTM | 507 |
| FCF 3Y Avg | 3,867 |
| CFO LTM | 772 |
| CFO 3Y Avg | 4,235 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 1.4% |
| Rev Chg 3Y Avg | 4.5% |
| Rev Chg Q | 8.7% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 13.7% |
| Op Mgn 3Y Avg | 12.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 11.6% |
| CFO/Rev 3Y Avg | 13.4% |
| FCF/Rev LTM | 6.0% |
| FCF/Rev 3Y Avg | 7.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 190.2 |
| P/S | 7.7 |
| P/EBIT | 84.1 |
| P/E | 168.2 |
| P/CFO | 66.5 |
| Total Yield | 1.3% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 1.9% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -5.7% |
| 3M Rtn | -12.6% |
| 6M Rtn | -6.4% |
| 12M Rtn | -8.4% |
| 3Y Rtn | 8.1% |
| 1M Excs Rtn | -5.7% |
| 3M Excs Rtn | -18.1% |
| 6M Excs Rtn | -21.2% |
| 12M Excs Rtn | -22.8% |
| 3Y Excs Rtn | -60.5% |
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 |