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Angel Studios Inc's Business Segments
Angel Studios Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
6
Largest Segment
Angel Guild
Total Revenue
$ 115
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Angel Guild72.4%
- Theatrical15.6%
- Content licensing8.8%
- Merchandise2.7%
- Other0.3%
- Pay it Forward0.1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Angel Guild | $ 83 | 72.4% |
| Theatrical | $ 18 | 15.6% |
| Content licensing | $ 10 | 8.8% |
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Revenue by Product & Service Category - FY
- Angel Guild Revenue81.2%
- Content licensing13.5%
- Theatrical Release Revenue2.5%
- Merchandise Revenue2.2%
- Product and Service Other0.6%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Angel Guild Revenue | $ 91 | 81.2% |
| Content licensing | $ 15 | 13.5% |
| Theatrical Release Revenue | $ 3 | 2.5% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Annual Results
Revenue Share by Reportable Segment - FY
- Angel Guild72.4%
- Theatrical15.6%
- Content licensing8.8%
- Merchandise2.7%
- Other0.3%
- Pay it Forward0.1%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Angel Guild | $ 83 | 72.4% |
| Theatrical | $ 18 | 15.6% |
| Content licensing | $ 10 | 8.8% |
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Description of Angel Studios Inc
Angel Studios, Inc. is a media and technology company operating a community-driven platform with approximately 2.0 million Angel Guild members. These members participate in selecting, supporting, and funding film and television projects focused on values-driven storytelling. The company utilizes a proprietary technology platform and artificial intelligence to enhance the selection, marketing, distribution, and streaming of content, replacing traditional Hollywood gatekeepers with a scalable, data-informed approach. The Angel App, available on multiple devices, employs the Guild Score Engine to aggregate member votes and determine project approval based on audience appeal and values. AI is integrated across operations, including software development, media preparation, data analysis, acquisition, and member support, to accelerate workflows and improve decision-making. Founded in 2013 by Neal Harmon and family members, the company was formerly known as VidAngel and renamed Angel Studios in 2021. Its business model enables audiences to decide which stories are produced and distributed, with projects funded through the Angel Funding Portal, an SEC-registered crowdfunding platform operated independently by VAS Portal, LLC. Notable projects include Dry Bar Comedy and a consulting agreement with The Chosen, Inc. to support audience-funded television series production.