₿$73,459.79▼ 0.12%
Angel Studios, Inc.
ANGX🇺🇸Equity
Media and technology company driven by 2M+ grassroots Angel Guild members championing values-driven entertainment including Sound of Freedom. Acquired 300 BTC in October 2024 as a strategic treasury asset, with backing from Off the Chain Capital.
BTC Holdings
303.1 BTC
180d
Stock PriceUpdated 11h ago
$2.77▼ 2.12%
180d
Total financing
67.53M USD
180d
mNAV
23.54x▼ 2.00%
180d
Leverage
128.7%
180d
BTC Risk
19.48%0.8x
Sats/Share
160
180d
Mkt capFD
524.17M USD
SharesFD
189.23M
Fiat reserve
38.88M USD
Total reserve
61.14M USD
Dilution
1.5%
Coverage
2.4 yr
BTC mix
0%
Analytics
BTC Coverage
FinancialsUnverified
US-GAAPQuarterlyAs of 2026-03-31
Balance Sheet
Total Assets$213.1M▲8.2%
Total Liabilities$254.5M▲59.3%
Stockholders' Equity$-41.5M▼211.5%
Cash & Equivalents$38.9M▼38.6%
Total Debt—
Digital Assets$20.7M
Income Statement
Revenue$115.1M▲50.7%
Operating Income$-2.7M▼107.0%
Net Income$-13.8M▼135.8%
Interest Expense$6M▲51.6%
Cash Flow
Operating Cash Flow$1.9M▼96.8%
Instruments
| Instrument | Term | Coupon | Principal | Outstanding | Conv. price | BTC Rating |
|---|---|---|---|---|---|---|
| ANGX-May27 | May '25 – May '27 | 15% | 5.00M USD | 5.53M USD | 6.13 USD | 0.8x |
| Total | 5.53M USD | |||||
Recent Changes
Thu, Apr 30, 2026
Debt OutstandingRepaymentANGX-PARev
38.5M→0-38.5M(-100.0%)
Repaid in full per subsequent-events disclosure (April 2026); date approximated as filing date
Form 10-Q (Q1 2026)Mon, Apr 27, 2026
Shares Outstanding
183.4M→186.4M+3.0M(+1.6%)
Class A 129,624,365 + Class B 56,787,999
Form 10-Q (Q1 2026)Mon, Apr 13, 2026
Shares Outstanding
169.9M→183.4M+13.5M(+8.0%)
Post-offering (14,300,000 shares at $2.10; excl. 2,145,000-share 30-day greenshoe)
Form 8-K (public offering pricing)Tue, Mar 31, 2026
Shares Outstanding
169.1M→169.9M+754.8K(+0.4%)
Combined Class A + Class B common stock issued and outstanding
Form 10-Q (Q1 2026)Debt OutstandingRepaymentANGX-PARev
53.5M→38.5M-15.0M(-28.0%)
Filing footnote (3) discloses the March 31, 2026 balance was paid in full by April 2026
Form 10-Q (Q1 2026)Fiat Reserve
44.1M→38.9M-5.2M(-11.8%)USD
Form 10-Q (Q1 2026)
Tue, Feb 17, 2026
Debt OutstandingIssuanceangel-studios-warrant-feb-2026
292.5K
Form 10-Q (Q1 2026)
Sun, Feb 1, 2026
Debt OutstandingDrawANGX-TL30
40.0M→60.0M+20.0M(+50.0%)
Second tranche of $20M drawn
Form 10-K (2025)Wed, Dec 31, 2025
Shares Outstanding
168.6M→169.1M+464.4K(+0.3%)
Form 10-K (2025)
Debt OutstandingIssuanceANGX-May27
5.0M→5.5M+526.2K(+10.5%)
Outstanding principal $5,526,167 including accrued PIK interest
Form 10-K (2025)Debt OutstandingRepaymentANGX-PA24
3.3M→2.0M-1.3M(-39.4%)
Carrying value $2.0M per 10-K
Form 10-K (2025)Debt OutstandingDrawANGX-PARev
8.2M→53.5M+45.3M(+552.4%)
Carrying value $53.5M per 10-K
Form 10-K (2025)Fiat Reserve
63.3M→44.1M-19.2M(-30.4%)USD
Form 10-K (2025)