v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:          
Net (loss) income $ (101,682) $ 261,607 $ (5,107,051) $ 2,729,602  
Change in operating assets and liabilities:          
Accounts payable and accrued expenses (116,017) (1,850,511) (1,592,531) 1,571,909  
Net cash used in operating activities (341,803) (1,989,167) (2,284,359) 5,542,225  
Cash flows from investing activities:          
Net cash (used in) provided by investing activities (2,953) 32,319,726 44,282,258 193,473,127  
Cash flows from financing activities:          
Promissory note - related party 204,128   439,004    
Net cash provided by (used in) financing activities 204,128 (31,978,944) (43,674,478) (196,894,657)  
Cash - Beginning of period 494,974 2,171,553 2,171,553 50,858  
Cash - End of period 354,346 523,168 494,974 2,171,553 $ 50,858
Angel Studios, Inc. CIK: 0001671941          
Cash flows from operating activities:          
Net (loss) income (37,443,118) (14,864,283) (89,967,595) 9,012,124 (13,710,708)
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 224,316 269,832 1,004,823 916,945 665,920
Amortization of operating lease assets 171,518 177,738 678,806 666,653 453,996
Stock-based compensation expense 2,632,836 1,012,365 3,641,940 1,031,656 1,503,969
Net loss (gain) on digital assets 3,299,105   (1,683,946) 4,000 5,065,413
Impairment of investment in affiliates     1,000,000    
Investments in affiliates gain (40,698) (24,843) (67,608) (9,364) (67,608)
Non-cash interest expense       305,271  
Bad debt expense     204,151 2,392,342  
Change in deferred income taxes   (4,403,068) 4,000,319 37,611 (434,946)
Change in operating assets and liabilities:          
Accounts receivable 3,098,255 8,597,415 7,702,451 (19,343,719) 3,251,012
Physical media inventory 102,340 (16,214) 1,132,043 (2,343,001) 1,369,233
Prepaid expenses and other current assets (4,230,773) (1,375,480) (4,829,440) (2,696,030) 2,056,587
Certificate of deposit       154,187 (1,914)
Licensing receivables 1,851,361 (7,789,316) (1,729,500) (19,130,765)  
Content (259,305) (226,972) (519,143) (313,855) (504,609)
Other long-term assets   (15,000) (515,000) (4,000,319)  
Accounts payable and accrued expenses 2,435,478 755,953 13,455,520 4,751,709 (12,931,847)
Accrued licensing royalties 2,286,956 (4,752,593) (11,353,995) 31,847,030 3,094,538
Operating lease liabilities (162,237) (173,567) (636,288) (657,296) (423,806)
Deferred revenue 13,840,858 4,554,331 18,251,160 3,287,013 (1,048,481)
Net cash used in operating activities (12,193,108) (18,273,702) (60,231,302) 5,912,192 (11,663,251)
Cash flows from investing activities:          
Purchases of property and equipment (51,977) (146,886) (303,793) (572,463) (1,135,362)
Issuance of notes receivable (837,309) (1,228,307) (1,865,603) (3,366,462) (3,392,877)
Collections of notes receivable 87,933 1,239,853 2,092,564 5,090,166 2,779,320
Purchase of digital assets   (44,992) (624,644) (118,965)  
Sale of digital assets 99,118   2,287,978    
Investments in affiliates (110,999) 15,034 (5,495,376) (1,720,390) (1,747,980)
Net cash (used in) provided by investing activities (813,234) (165,298) (3,908,874) (688,114) (3,496,899)
Cash flows from financing activities:          
Repayment of notes payable (9,691,628) (4,383,501) (18,626,081) (26,981,122) (208,373)
Promissory note - related party 22,904,952 10,708,437 23,750,000 28,911,394 2,000,000
Repayment of accrued settlement costs (67,486) (61,139)      
Exercise of stock options 80,516 71,695 619,237 235,726 258,855
Cash capital contribution from Sponsor 14,796,704   32,818,130 7,500,001 0
Investments in minority owned entities 228,594   8,800,000    
Fees related to issuance of common stock and minority interest     (502,000)    
Repurchase of common stock (65,029) (51,332) (706,645) (107,073) (427,217)
Debt financing fees (207,076)     (305,271)  
Net cash provided by (used in) financing activities 19,979,547 6,284,160 46,152,641 9,253,655 1,623,265
Effect of changes in foreign currency exchange rates on cash and cash equivalents   (1,825) (2,064) 2,064  
Net increase (decrease) in cash and cash equivalents 6,973,205 (12,156,665) (17,989,599) 14,479,797 (13,536,885)
Cash - Beginning of period 7,211,826 25,201,425 25,201,425 10,721,628 24,258,513
Cash - End of period 14,185,031 13,044,760 7,211,826 25,201,425 10,721,628
Supplemental disclosure of cash flow information:          
Cash paid for interest $ 1,573,293 574,332 2,371,370 3,586,937 498,769
Cash paid for income taxes     1,375,433 $ 22,208 (2,078,744)
Supplemental schedule of noncash financing activities:          
Investment of bitcoin for issuance of common stock     9,474,985    
Operating lease right-of-use assets and liabilities   3,479,630 $ 2,137,262   $ 2,406,886
Operating lease obligations incurred to obtain operating lease assets   $ 1,868,367