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5&2 Studios, Inc.

Operating

Media & Entertainment · Midlothian, TX

Estimated pre-money ⓘ
$13.0M
As of Jun 2018 · from Reg A Offering (2018) · our estimate: offering price × shares outstanding, not a stated valuation
Total raised
$1,269,962
Crowd $1.1M · Private $200K · 4 rounds since 2017
Latest share price
$2.00
Reg CF · Preferred Stock · Jun 2019 offering price · in today's shares

Financials

FY2016–FY2024 · from SEC filings · hover any figure for its source
$0
−$14K
2017
$56K
−$859K
2018
$985K
$64K
2019
$20.8M
2020
$49.0M
2021
$30.5M
−$783K
2022
$80.9M
−$3.6M
2023
$159.3M
−$12.9M
2024
RevenueNet income — beside revenue when positive, below the line when a loss

Chart shows the most recent 8 fiscal years; 1 earlier year is in the table below.

Metric
FY2016
FY2017 reviewed*
FY2018 reviewed*
FY2019 audited
FY2020 audited
FY2021 audited
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$0
$0
$56,465
$984,603
$20,751,408
$49,015,659
$30,532,000
$80,929,000
$159,336,000
Cost of goods sold
-$13,663
-$13,663
$0
$96,736
$2,008,904
$305,965
$7,603,000
$22,056,000
—
Gross margin
—
—
100%
90%
90%
99%
75%
73%
—
Net income
-$13,663
-$13,663
-$858,776
$64,329
$0
$0
-$783,000
-$3,569,000
-$12,877,000
Taxes paid
—
$0
$0
$100
$100
$5,936,784
-$246,000
-$2,129,000
-$2,920,000
Balance sheet
Cash
$194,354
$194,354
$220,700
$630,325
$5,693,461
$15,932,446
$124,790,000
$65,179,000
$6,466,000
Accounts receivable
$0
$0
$20,410
$614,565
$3,982,295
$13,767,532
$8,983,000
$8,325,000
$13,474,000
Total assets
$225,000
$225,000
$4,224,677
$9,568,024
$19,798,638
$50,748,444
$210,245,000
$198,205,000
$94,840,000
Short-term debt
—
$38,663
$615,762
$126,575
$1,029,690
$3,236,641
$1,911,000
—
—
Long-term debt
$0
$0
$0
$0
$0
$0
$142,971,000
$137,660,000
—
Total liabilities
$38,663
$38,663
$615,762
$126,575
$3,246,390
$8,311,050
$171,891,000
$163,785,000
$78,849,000
Other
Headcount
0
0
0
0
6
32
—
—
—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$13.9M
est. pre-money
$175.7M
est. pre-money
$13.0M
est. pre-money
Reg CF · Preferred · Jun 2019
Reg A+ · Equity · Sep 2020
Reg A+ · Equity · Jun 2018

Dotted grey bars are our estimate for rounds that didn't state one: the round's share price × the shares outstanding in its filings. Same measure as blue, but rougher.

Share price over rounds

$2.0412$1.0206$1.7934
2018Jun 2019
Round offering price or verified disclosed saleDisclosed sale, unverified or year-only

“Today's shares” restates every price in the share terms current now, so a price before a split or an LLC→corporation conversion is divided by that event's ratio (each event is cited on the round page). Disclosed sales come from the issuer's own filings (prior-offering lines, audited-statement notes) and are amount ÷ securities sold. A down round is a firm point more than 25 % below the previous firm point of the same share class on a comparable basis; the comparison ignores unverified and year-only lines.

Cap table

Share counts as of Sep 30, 2025
Series A Common Stock · 55.4%Series B Common Stock · 44.6%
ClassOutstandingVotes / shareShare of totalVotesLast price
Series A Common Stockpreferred6,950,0001055.4%92.6%—
Series B Common Stockpreferred5,585,000144.6%7.44%—
Total12,535,000100%100%

Shares outstanding over timein today's share terms

14M7.0M0
Mar 2018Mar 2025
Class A UnitsCommon UnitsSeries A Common StockSeries B Common StockRound openedSplit / conversion

Changes in named holdersshares in today's terms · % of all shares at the time

Principal holders% as the filing states it, Mar 31, 2025

  • Derral Eves6,950,000 shares55.0%of company
  • The Chosen Productions, LLC6,950,000 shares55.0%of company

Sold to the crowd

  • Reg CF · Jun 2019534,981 shares at $2.00 in today's terms · sold as 1,069,962 shares at $1.00; since then each unit became 0.5 shares (Nov 2022), each unit became 1 shares (Dec 2022)$1.1M

From the company's SEC filings: share counts per class, each class's voting and conversion terms, and the holders of 20% or more that Form C requires (officers and 10%+ holders on Form 1-A). Filings name only large holders, so most owners — including crowd investors — are not listed, and a holder's percentage may be of its own class rather than of the whole company. Prices and crowd share counts are in today's share terms — adjusted for splits and conversions since they were sold. Hover a figure for its filing.

Fundraising history

Raised $0 / $13MEst. pre-money $13M
Raised $0 / $20MEst. pre-money $175.7M
Reg CF · Preferred Stock · Jun 2019Closedvia VAS Portal, LLC
Raised $1.1M / $1.1MEst. pre-money $13.9M

Team

4 people
Derral Eves
CEO
Adam Swerdlow
Chief Operating Officer
Matthew Faraci
COO
Dallas Jenkins
CCO

Names and titles as disclosed on SEC Form 1-A, SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not requiredFiles 10-K/10-Q (Exchange Act reporter)

Filed 3 of 7 annual reports (FY2019–FY2025)

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

  • Form 10-QNov 14, 20250001104659-25-112122
    EDGAR
  • Form 10-QAug 14, 20250001410578-25-001822
    EDGAR
  • Form 10-QMay 15, 20250001410578-25-001317
    EDGAR
  • Form 10-KMar 31, 20250001410578-25-000582
    EDGAR
  • Form 10-QNov 14, 20240001410578-24-002001
    EDGAR
  • Form 10-QAug 14, 20240001410578-24-001474
    EDGAR
  • Form 10-QMay 15, 20240001410578-24-000892
    EDGAR
  • Form 10-KApr 1, 20240001410578-24-000418
    EDGAR
Source: SEC EDGARCIK 0001733443DEShare price $10.00Last synced Aug 16, 2026

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.