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Angel Studios vs Gaia: ANGX and GAIA compared
Angel Studios is the larger company: $112M of revenue in its latest quarter (Q2 2026) against $22.0M for Gaia (Q3 2026). Angel Studios is growing faster (+28% against -12% a year earlier). Gaia is more profitable, with an operating margin of -13.4% against -16.6%.
Where the money goes: ANGX and GAIA
Angel Studios (ANGX) · Q2 2026
Angel Studios, Q2 2026: revenue $112M (+28% year over year), operating margin -16.6%, net loss $23.8M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.
Gaia (GAIA) · Q3 2026
Gaia, Q3 2026: revenue $22.0M (-12% year over year), operating margin -13.4%, net loss $3.1M, operating cash flow −$4.1M. The chart follows the revenue to costs, profit and cash.
| Angel Studios (ANGX) | Gaia (GAIA) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q3 2026 |
| Revenue | $112M | $22.0M |
| Revenue growth, Y/Y | +28% | -12% |
| Operating margin | -16.6% | -13.4% |
| Net earnings | −$23.8M | −$3.1M |
| Net margin | -21.3% | -14.1% |
| Operating cash flow | $16.9M | −$4.1M |
Where the revenue comes from
Angel Studios
- Angel Guild Memberships: $90.7M (81%)
- Content Licensing: $15.1M (14%)
- Theatrical Release Revenue: $2.8M (3%)
- Merchandise: $2.4M (2%)
Questions
Which is bigger, Angel Studios or Gaia?
Angel Studios is the larger company: $112M of revenue in its latest quarter (Q2 2026) against $22.0M for Gaia (Q3 2026).
Is Angel Studios or Gaia growing faster?
Angel Studios is growing faster (+28% against -12% a year earlier).
Which is more profitable, Angel Studios or Gaia?
Gaia is more profitable, with an operating margin of -13.4% against -16.6%.
More: Angel Studios earnings · how Angel Studios makes money · Gaia earnings · how Gaia makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 4, 2026; 10-Q filed Nov 2, 2026). Fiscal quarters can end on different dates. Not investment advice.