v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
Common Stock
Angel Studios Inc. Cik0001671941
Class A common stock
Common Stock
Angel Studios Inc. Cik0001671941
Class B common stock
Common Stock
Angel Studios Inc. Cik0001671941
Class C
Common Stock
Angel Studios Inc. Cik0001671941
Class F
Additional Paid-In Capital
Angel Studios Inc. Cik0001671941
Accumulated Deficit
Angel Studios Inc. Cik0001671941
Noncontrolling Interests
Angel Studios Inc. Cik0001671941
Angel Studios Inc. Cik0001671941
Class C
Angel Studios Inc. Cik0001671941
Class A common stock
Class B common stock
Total
Balance as of beginning at Dec. 31, 2021 $ 20,842 $ 3,349 $ 508   $ 39,538,876 $ (5,187,312)     $ 34,376,263      
Balance as of beginning (in units) at Dec. 31, 2021 20,842,227 3,349,017 508,420                  
Stock options exercised $ 77       258,778       $ 258,855      
Stock options exercised (in units) 77,012               77,011      
Transfer of common stock $ (9,912)     $ 9,912                
Transfer of common stock (in units) (9,912,072)     9,912,072                
Repurchase of common stock $ (48)   $ (456)   (85,684) (341,029)     $ (427,217)      
Repurchase of common stock (in units) (48,002)   (456,364)                  
Stock-based compensation expense         1,503,969       1,503,969      
Net loss           (13,710,708)     (13,710,708)      
Balance as of ending at Dec. 31, 2022 $ 10,959 $ 3,349 $ 52 $ 9,912 41,215,939 (19,239,049)     22,001,162      
Balance as of ending (in units) at Dec. 31, 2022 10,959,165 3,349,017 52,056 9,912,072                
Stock options exercised       $ 198 235,528       $ 235,726      
Stock options exercised (in units)       197,656         197,656      
Issuance of common stock, net of fees     $ 529   7,499,472       $ 7,500,001      
Issuance of Class B common stock to Sponsor (in shares)     528,914         528,914        
Transfer of common stock $ (20) $ (3) $ 318 $ (295)                
Transfer of common stock (in units) (20,000) (2,630) 317,346 (294,716)                
Repurchase of common stock       $ (8) (107,065)       (107,073)      
Repurchase of common stock (in units)       (7,551)                
Stock-based compensation expense         1,031,656       1,031,656      
Cumulative translation adjustment           2,064     2,064      
Net loss           9,163,794 $ (151,670)   9,012,124     $ 2,729,602
Balance as of ending at Dec. 31, 2023 $ 10,939 $ 3,346 $ 899 $ 9,807 49,875,530 (10,073,191) (151,670)   $ 39,675,660      
Balance as of ending (in units) at Dec. 31, 2023 10,939,165 3,346,358 898,316 9,807,461         24,991,329 8,350,065 1,550,000  
Stock options exercised       $ 19 71,676       $ 71,695      
Stock options exercised (in units)       18,606                
Transfer of common stock     $ 186 $ (186)                
Transfer of common stock (in units)     186,168 (186,168)                
Repurchase of common stock       $ (4) (51,328)       (51,332)      
Repurchase of common stock (in units)       (3,620)                
Stock-based compensation expense         1,012,365       1,012,365      
Cumulative translation adjustment           (1,825)     (1,825)      
Net loss           (14,844,084) (20,199)   (14,864,283)     261,607
Balance as of ending at Mar. 31, 2024 $ 10,939 $ 3,346 $ 1,085 $ 9,636 50,908,243 (24,919,100) (171,869)   25,842,280      
Balance as of ending (in units) at Mar. 31, 2024 10,939,165 3,346,358 1,084,484 9,636,279                
Balance as of beginning at Dec. 31, 2023 $ 10,939 $ 3,346 $ 899 $ 9,807 49,875,530 (10,073,191) (151,670)   $ 39,675,660      
Balance as of beginning (in units) at Dec. 31, 2023 10,939,165 3,346,358 898,316 9,807,461         24,991,329 8,350,065 1,550,000  
Stock options exercised       $ 198 619,039       $ 619,237      
Stock options exercised (in units)       197,966         197,966      
Issuance of common stock, net of fees     $ 1,831   42,042,560       $ 42,044,391      
Issuance of Class B common stock to Sponsor (in shares)   (29) 1,831,008                  
Transfer of common stock $ 332 $ (341) $ 231 $ (222)                
Transfer of common stock (in units) 331,663 (340,942) 231,583 (222,304)                
Repurchase of common stock     $ (11) $ (22) (706,611)       (706,644)      
Repurchase of common stock (in units)     (10,672) (21,815)                
Stock-based compensation expense         3,641,940       3,641,940      
Cumulative translation adjustment           (2,064)     (2,064)      
Net loss           (89,795,494) (172,101)   (89,967,595)     (5,107,051)
Balance as of ending at Dec. 31, 2024 $ 11,271 $ 3,005 $ 2,950 $ 9,761 95,472,458 (99,870,749) 8,222,953   $ 3,851,649      
Balance as of ending (in units) at Dec. 31, 2024 11,270,828 3,005,416 2,950,235 9,761,308         26,987,787 4,237,987 1,550,000  
Stock options exercised       $ 29 80,487       $ 80,516      
Stock options exercised (in units)       29,188                
Issuance of common stock, net of fees     $ 452   14,796,252       14,796,704      
Issuance of Class B common stock to Sponsor (in shares)     451,666                  
Repurchase of common stock       $ (2) (65,027)       (65,029)      
Repurchase of common stock (in units)     (13) (2,024)                
Stock-based compensation expense         2,632,836       2,632,836      
Digital assets market value adjustment           15,962,018     15,962,018      
Contributions from noncontrolling interests             228,594   228,594      
Redemptions of equity             (6,000,000)   (6,000,000)      
Net loss           (37,416,910) (26,208)   (37,443,118)     $ (101,682)
Balance as of ending at Mar. 31, 2025 $ 11,271 $ 3,005 $ 3,402 $ 9,788 $ 112,917,006 $ (121,325,641) $ 2,425,339   $ (5,955,830)      
Balance as of ending (in units) at Mar. 31, 2025 11,270,828 3,005,416 3,401,888 9,788,472         27,466,604 4,237,987 1,550,000