Filing Flows › Angel Studios (ANGX) › Q2 2025
Angel Studios (ANGX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 14, 2025
Angel Studios (ANGX) reported revenue of $87.6M for the second quarter 2025 (Q2 2025) and +85% from the quarter before. Operating margin was -0.4%, net loss $15.7M (17.9% of revenue).
Angel Studios, Q2 2025: revenue $87.6M, operating margin -0.4%, net loss $15.7M, operating cash flow −$192K. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $87.6M | +85% | — |
| Operating profit | −$342K | — | — |
| Net earnings | −$15.7M | — | — |
| Operating cash flow | −$192K | — | — |
What changed
Revenue was $87.6M in Q2 2025, up 85% from the previous quarter.
Operating costs exceeded revenue by $342K, an operating margin of -0.4%. The quarter ended with a net loss of $15.7M, narrower than the previous quarter's $37.3M loss. Minority interests bore $14.2M of it: to shareholders the quarter was a loss of $1.6M. Net interest and other expense of $15.4M was the main reason.
Operating cash flow was −$192K. Non-cash charges added back $2.2M of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items added $11.2M.
Questions
What was Angel Studios' revenue in the second quarter 2025?
Angel Studios (ANGX) reported revenue of $87.6M for the second quarter 2025 (Q2 2025) and +85% from the quarter before.
Was Angel Studios profitable in the second quarter 2025?
Operating loss was $342K (-0.4% of revenue) and net loss $15.7M.
Source: Angel Studios 10-Q on SEC EDGAR.