Angel Studios, Inc.

For the period ended Dec 31, 2024. Filed Apr 15, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 15, 2025

ANGX$3.69+8.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents


Cautionary Note Regarding Forward-Looking Statements	2

Item 1.	Business	4

Item 1A.	Risk Factors	13

Item 1B.	Unresolved Staff Comments	54

Item 1C.	Cybersecurity	54

Item 2.	Properties	54

Item 3.	Legal Proceedings	54

Item 4.	Mine Safety Disclosures	54

Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	55

Item 6.	[Reserved]	55

Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	55

Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	63

Item 8.	Financial Statements and Supplementary Data	63

Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	63

Item 9A.	Controls and Procedures	63

Item 9B.	Other Information	65

Item 9C.	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	65

Item 10.	Directors, Executive Officers and Corporate Governance	66

Item 11.	Executive Compensation	72

Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	73

Item 13.	Certain Relationships and Related Transactions, and Director Independence	76

Item 14.	Principal Accountant Fees and Services	79

Item 15.	Exhibit and Financial Statement Schedules	80


	Index to Financial Statements	F-1

Signatures	82

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.

About this filing

Table of Contents