Angel Studios, Inc.
Raising nowOperatingMedia & Entertainment · Provo, UT
Angel Studios is a media company that finds, distributes and produces films and TV series chosen by its Angel Guild, a paying membership of over a million viewers who vote on projects. Revenue comes from memberships, theatrical distribution, licensing and merchandise.
This company has an open fundraising round.
Financials
FY2015–FY2024 (no data for FY2017) · from SEC filings · hover any figure for its sourceChart shows the most recent 8 fiscal years; 1 earlier year is in the table below.
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 inDotted 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
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 Jul 24, 2025These classes don't convert into each other and last sold at very different prices, so their share counts can't be added up into ownership percentages. Compare them by price instead.
| Class | Outstanding | Votes / share | Votes | Last price |
|---|---|---|---|---|
| Common Stock(as of Jun 30, 2025) | 28,500,548 | — | 9.42% | $39.00Aug 2025 |
| Class A Common Stock | 11,270,828 | 5 | 18.6% | $9.29Oct 2021 |
| Class F Common Stock | 9,788,472 | 5 | 16.2% | — |
| Class C Common Stock | 3,401,888 | 1 | 1.12% | — |
| Class B Common Stock | 3,005,416 | 55 | 54.6% | — |
Principal holders% as the filing states it, Jul 24, 2025
- Neal Harmon8,732,284 Class F Common Stock89.2%of Class F
- Jeffrey Harmon8,732,110 Class F Common Stock89.2%of Class F
- Paul Ahlstrom3,917,100 Class A Common Stock34.8%of Class A
- Gigafund 1, LP3,637,047 Class A Common Stock32.3%of Class A
- Jeffrey HarmonCommon Stock31.2%of company
- Neal HarmonCommon Stock31.2%of company
- Paul AhlstromCommon Stock14.2%of company
- PSC Angel Studios, a series of Prosperity Solutions Capital Management, LLC528,914 Class C Common Stock13.3%of Class C
- Gigafund 1, LPCommon Stock13.0%of company
- Kickstart Seed Fund II, LP1,356,304 Class A Common Stock12.0%of Class A
- Ideation, LLC352,609 Class C Common Stock8.85%of Class C
- Off the Chain, LP330,687 Class C Common Stock8.3%of Class C
- Make Disciples Charitable Foundation272,614 Class C Common Stock6.84%of Class C
- TPP Capital Advisors, Ltd724,539 Class A Common Stock6.43%of Class A
- Nextfund Angel Ventures Group, LLC251,984 Class C Common Stock6.33%of Class C
- Kickstart Seed Fund II, LPCommon Stock4.84%of company
- Elizabeth Ellis278,133 Class F Common Stock2.84%of Class F
- TPP Capital Advisors, LtdCommon Stock2.58%of company
- Jordan Harmon248,624 Class F Common Stock2.54%of Class F
- Patrick Reilly220,913 Class F Common Stock2.26%of Class F
- PSC Angel Studios, a series of Prosperity Solutions Capital Management, LLCCommon Stock1.89%of company
- Ideation, LLCCommon Stock1.26%of company
- Off the Chain, LPCommon Stock1.18%of company
- Elizabeth EllisCommon Stock1%of company
- Make Disciples Charitable FoundationCommon Stock0.97%of company
- Jordan HarmonCommon Stock0.9%of company
- Nextfund Angel Ventures Group, LLCCommon Stock0.9%of company
- Patrick ReillyCommon Stock0.8%of company
- Paul Ahlstrom56,084 Class F Common Stock0.57%of Class F
- Katie Liljenquist41,694 Class F Common Stock0.43%of Class F
- Katie Liljenquist9,411 Class C Common Stock0.24%of Class C
- Katie LiljenquistCommon Stock0.2%of company
- Katie Liljenquist5,333 Class B Common Stock0.18%of Class B
- Neal Harmon4,952 Class C Common Stock0.12%of Class C
- Jeffrey Harmon4,920 Class C Common Stock0.12%of Class C
- Patrick Reilly3,089 Class C Common Stock0.08%of Class C
- Jeffrey Harmon1,707 Class B Common Stock0.06%of Class B
- Jordan Harmon1,500 Class B Common Stock0.05%of Class B
- Jordan Harmon1,621 Class C Common Stock0.04%of Class C
- Elizabeth Ellis984 Class C Common Stock0.02%of Class C
- Paul Ahlstrom320 Class B Common Stock0.01%of Class B
Sold to the crowd
- Reg A+ · Oct 20162,484,752 shares at $4.00$9.9M
- Reg CF · Mar 2021561,716 shares at $8.90$5M
- Reg CF · May 2023$5M
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
Team
5 peopleNames 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
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 68 filings on EDGAR- Form 10-QAug 13, 20250001558370-25-011310EDGAR
- Form 253G2Aug 12, 20250001104659-25-076344EDGAR
- Form 253G2Aug 7, 20250001104659-25-075122EDGAR
- Form QUALIFAug 6, 20259999999994-25-000150EDGAR
- Form 1-A/AJul 24, 20250001104659-25-070405EDGAR
- Form 1-AJun 26, 20250001104659-25-062669EDGAR
- Form 10-QMay 15, 20250001558370-25-007836EDGAR
- Form D/AApr 29, 20250001671941-25-000002EDGAR
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.