For the quarter ending 2026-03-31, ANGX had -$5,207,473 decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net loss | -13,756,056 | -78,616,989 | -91,874,332 |
| Depreciation and amortization | 3,100,429 | 12,890,107 | 1,528,970 |
| Amortization of content assets | 537,698 | - | - |
| Amortization of right-of-use assets | 307,466 | 304,155 | 621,683 |
| Stock-based compensation expense | 3,471,960 | 1,885,612 | 7,781,373 |
| Net loss on digital assets | -5,845,056 | -8,017,928 | 6,225,200 |
| Miscellaneous (gain)/loss | - | 1,799,524 | - |
| Investments in affiliates gain | 78,199 | 143,029 | 128,674 |
| Non-cash interest expense | 331,440 | 105,585 | 1,554,236 |
| Paid-in-kind interest | 3,947,996 | 2,112,661 | 4,237,129 |
| Impairment of investments | - | - | 625,000 |
| Bad debt expense (recovery) | -90,648 | 233,774 | - |
| Accounts receivable | -20,420,929 | 26,679,790 | 8,442,549 |
| Physical inventory | 119,462 | -277,499 | -170,038 |
| Royalty advance | 4,909,354 | 40,536 | 1,268,738 |
| Prepaid expenses and other current assets | -2,898,605 | 4,198,310 | 2,514,521 |
| Licensing receivables | -2,359,928 | -2,260,026 | -6,325,425 |
| Other long-term assets | 4,625,675 | - | - |
| Accounts payable and accrued expenses | -26,539,185 | 41,628,966 | -8,763,371 |
| Accrued licensing royalties | 938,515 | 2,112,571 | 9,857,638 |
| Operating lease liabilities | -310,647 | -255,584 | -649,008 |
| Deferred revenue | 8,157,063 | 15,852,410 | 28,510,404 |
| Net cash and cash equivalents provided by (used in) operating activities | 1,887,859 | -24,677,468 | -58,654,497 |
| Purchases of property and equipment | 24,533 | 133,604 | 375,820 |
| Issuance of notes receivable | - | -1 | 986,387 |
| Collections of notes receivable | 70,902 | 139,173 | 520,340 |
| Sale of digital assets | - | -1 | 99,118 |
| Purchase of intangible assets | - | 0 | 3,006,012 |
| Additions to internal-use software | 2,576,062 | 8,693,434 | - |
| Purchase of content | 93,757 | 25,718 | 6,320,963 |
| Investments in affiliates | - | 31,456,813 | 5,511,002 |
| Return on investments in affiliates | 95,380 | 165,774 | - |
| Net cash and cash equivalents used in investing activities | -2,528,070 | -40,004,622 | -15,580,726 |
| Repayment of notes payable | 18,744,062 | 3,602,876 | 63,450,746 |
| Repayment of loan guarantee | - | 0 | 10,175,490 |
| Receipt of notes payable | 20,000,000 | 51,174,030 | 106,166,018 |
| Repayment of accrued settlement costs | - | 4,164,409 | 207,563 |
| Exercise of stock options | 1,145,012 | 328,364 | 308,085 |
| Issuance of common stock | - | 1,361,388 | 102,787,036 |
| Contribution of equity in noncontrolling interests | - | 0 | 13,730,922 |
| Redemption of equity in noncontrolling interests | 5,870,796 | 0 | 15,753,060 |
| Fees related to issuance of common stock and minority interest | - | - | 534,271 |
| Repurchase of common stock | 897,416 | 304,851 | 132,940 |
| Equity issuance costs | - | 160,856 | 544,585 |
| Equity issuance costs related to minority interests | - | 534,299 | - |
| Debt financing fees | 200,000 | -807,298 | 1,842,746 |
| Net cash and cash equivalents provided by (used in) financing activities | -4,567,262 | 45,438,060 | 130,350,660 |
| Net increase (decrease) in cash and cash equivalents | -5,207,473 | -19,244,030 | 56,115,437 |
| Cash and cash equivalents at beginning of period | 44,083,233 | 63,327,263 | 7,211,826 |
| Cash and cash equivalents at end of period | 38,875,760 | 44,083,233 | 63,327,263 |
Angel Studios, Inc. (ANGX)
Angel Studios, Inc. (ANGX)