v3.25.1
Consolidated Statements of Operations - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating expenses:          
Loss from operations $ (76,749) $ (406,574) $ (1,587,286) $ (1,670,440)  
Other income (expense):          
Interest expense     (274,973) (934,906)  
Other income 63,394 732,884 (3,367,299) 5,719,322  
(Loss) income before provision for income taxes (13,355) 326,310 (4,954,585) 4,048,882  
Income tax provision 88,327 64,703 152,466 1,319,280  
Net loss (101,682) 261,607 (5,107,051) 2,729,602  
Net (loss) income (101,682) 261,607 (5,107,051) 2,729,602  
Angel Studios, Inc. CIK: 0001671941          
Revenue:          
Total revenue 47,440,640 28,858,206 96,516,439 202,437,316 $ 75,516,562
Operating expenses:          
Cost of revenues 17,767,225 13,650,851 42,066,179 86,032,540 40,392,001
Selling and marketing 52,238,293 21,756,313 95,210,452 74,181,413 19,257,984
General and administrative 7,367,254 5,242,437 22,283,772 18,121,437 12,049,547
Research and development 3,357,904 4,365,238 14,364,827 13,905,426 12,345,518
Legal expense 414,513 3,429,187 10,832,877 2,038,974 802,044
Net loss (gain) on digital assets 3,299,105   (1,683,946) 4,000 5,065,413
Total operating expenses 81,145,189 48,444,026 183,074,161 194,283,790 89,912,507
Loss from operations (33,704,549) (19,585,820) (86,557,722) 8,153,526 (14,395,945)
Other income (expense):          
Interest expense (1,564,155) (571,791) (2,366,014) (3,657,958) (694,374)
Interest income 1,124,691 890,260 3,490,743 1,819,121 614,426
Impairment of investment in affiliates     (1,000,000)    
Other income (3,738,569) 318,469 124,729 (1,838,837) (79,948)
(Loss) income before provision for income taxes (37,443,118) (19,267,351) (86,432,993) 6,314,689 (14,475,893)
Income tax provision   (4,403,068) 3,534,602 (2,697,435) (765,185)
Net loss (37,443,118) (14,864,283) (89,967,595) 9,012,124 (13,710,708)
Net income (loss) attributable to noncontrolling interests (26,208) (20,199) (172,101) (151,670)  
Net (loss) income $ (37,416,910) $ (14,844,084) $ (89,795,494) $ 9,163,794 $ (13,710,708)
Basic net (loss) income per share $ (1.375) $ (0.594) $ (3.482) $ 0.37 $ (0.565)
Diluted loss per share (in dollars per share) $ (1.375) $ (0.594) $ (3.482) $ 0.353 $ (0.565)
Weighted average shares outstanding, basic 27,217,011 25,000,518 25,791,117 24,775,858 24,264,683
Weighted average common shares outstanding - diluted 27,217,011 25,000,518 25,791,117 25,929,246 24,264,683
Angel Studios, Inc. CIK: 0001671941 | Licensed content and other revenue          
Revenue:          
Total revenue $ 46,206,744 $ 25,270,272 $ 88,691,769 $ 167,150,134 $ 41,536,516
Angel Studios, Inc. CIK: 0001671941 | Pay it Forward revenue          
Revenue:          
Total revenue $ 1,233,896 $ 3,587,934 $ 7,824,670 $ 35,287,182 $ 33,980,046