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Angel Studios, Inc.

Operating

Provo, UT

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Latest valuation
—
No round has disclosed a priced valuation or cap.
Total raised
$9,999,258
Across 5 rounds since 2020
Latest share price
$39.00
Reg A Offering (2025) offering price

Financials

FY2018–FY2024 · from SEC filings · hover any figure for its source
$10.8M
−$1.6M
2018
2019
$46.9M
$16K
2020
$122.8M
$17.1M
2021
$75.5M
−$13.7M
2022
$202.4M
$9.2M
2023
$96.5M
−$89.8M
2024
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2018
FY2019
FY2020
FY2021
FY2022 audited
FY2023 audited
FY2024 audited
Income statement
Revenue
$10,754,844
—
$46,942,397
$122,793,064
$75,516,562
$202,437,316
$96,516,439
Cost of goods sold
$4,143,717
—
$25,542,998
$77,129,092
$40,392,001
$86,032,540
$42,066,179
Gross margin
61%
—
46%
37%
47%
58%
56%
Net income
-$1,611,154
—
$15,610
$17,118,611
-$13,710,708
$9,163,794
-$89,795,494
Taxes paid
$100
—
$100
$819,179
-$765,185
-$2,697,435
$3,534,602
Balance sheet
Cash
$1,584,455
—
$11,022,292
$24,258,513
$10,721,628
$25,201,425
$7,211,826
Accounts receivable
$0
—
$1,205,520
$10,440,538
$7,189,526
$24,140,903
$16,234,301
Total assets
$4,027,992
—
$14,221,878
$59,308,488
$39,387,358
$98,258,195
$98,524,262
Short-term debt
$5,901,271
—
$188,776
$208,373
$2,230,005
$4,160,277
$11,455,940
Long-term debt
$4,840,454
—
$5,064,231
$4,855,859
$4,625,854
$4,235,312
$7,429,463
Total liabilities
$10,741,725
$15,072,113
$5,253,007
$5,064,232
$6,855,859
$58,582,535
$94,672,613
Other
Headcount
—
58
—
155
148
208
249

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; no pill means the filing didn’t state one. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Fundraising history

Reg A Offering (2025)OpenReg A+ · Equity
Raised $0 / $55M
Reg A Offering (2024)ClosedReg A+ · Equity
Raised $0 / $20M
Reg A Offering (2020)ClosedReg A+ · Equity
Raised $0 / $50M
Reg CF Offering (2023)ClosedReg CF · Revenue Share · via VAS Portal, LLC
Raised $5M / $5M
Reg CF Offering (2021)ClosedReg CF · Common Equity · via VAS Portal, LLC
Raised $5M / $1.1M

Team

5 people
Neal Harmon
Chief Executive Officer, Chairman of the Board
Patrick Reilly
Chief Financial Officer
Katie Liljenquist
Director
Paul Ahlstrom
Director
Robert C. Gay
Director

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 2 of 6 annual reports (FY2020–FY2025)

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

SEC filings

View all 46 filings on EDGAR
  • Form 10-QAug 13, 20250001558370-25-011310
    EDGAR
  • Form 253G2Aug 12, 20250001104659-25-076344
    EDGAR
  • Form 253G2Aug 7, 20250001104659-25-075122
    EDGAR
  • Form QUALIFAug 6, 20259999999994-25-000150
    EDGAR
  • Form 1-A/AJul 24, 20250001104659-25-070405
    EDGAR
  • Form 1-AJun 26, 20250001104659-25-062669
    EDGAR
  • Form 10-QMay 15, 20250001558370-25-007836
    EDGAR
  • Form 10-KMar 28, 20250001558370-25-004007
    EDGAR
Source: SEC EDGARCIK 0001671941DEShare price $39.00Last 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.