Crowdonomics
This isn’t Angel Studios, Inc.’s most recent raise. Reg A+ · Equity · Aug 2025 (Open) is more current.View latest round
Angel Studios, Inc.

Reg CF · Revenue Share · May 2023

ClosedReached targetReg CFRevenue Share
via VAS Portal, LLC · last checked Aug 17, 2026
Raised
$5M / $5M max
100% of ceiling
Investors
—
—
Valuation
—
—

Financials disclosed in this offering

FY2021–FY2022 · hover for source
$122.8M
$17.1M
FY2021
$75.5M
−$13.7M
FY2022
RevenueNet income
Metric
FY2021 audited
FY2022 audited
Income statement
Revenue
$122,793,064
$75,516,562
Cost of goods sold
$77,129,092
$40,392,001
Gross margin
37%
47%
Net income
$17,118,611
-$13,710,708
Taxes paid
$819,179
-$765,185
Balance sheet
Cash
$24,258,513
$10,721,628
Accounts receivable
$10,440,538
$7,189,526
Total assets
$59,308,488
$39,387,358
Short-term debt
$208,373
$2,230,005
Long-term debt
$4,855,859
$4,625,854
Total liabilities
$24,932,225
$17,386,196
Other
Headcount
155
148

The fiscal years the issuer disclosed in this offering’s filing, as filed. Full history on the company page.

Deal terms

No priced terms — this is a revenue-share or unpriced offering.

Offering details

Target$1,000,000
Max$5,000,000
Min investment—
OpenedMay 25, 2023
DeadlineJun 15, 2023
ClosedJun 15, 2023
Days active21

Links & provenance

Source: SEC EDGAR
0001671941-23-000002
Last synced Aug 17, 2026

About this data. Raised amounts and investor counts come from the platform listing and may lag or be restated; SEC-reported totals can differ until the next Form 1-Z/C-U. Post-money valuation is computed as pre-money plus amount raised and is shown once the round closes — it is not a traded price. Financial statements are as reported by the issuer. 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.