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Angel Studios vs Gaia: revenue, profit, margins and growth compared

Angel Studios brought in $321.6M of revenue in fiscal 2025, Gaia $99M in fiscal 2025. Revenue changed by +233.2% at Angel Studios and +10.8% at Gaia on the year before, so Angel Studios grew faster. Angel Studios kept -53.0% of its revenue as net profit, Gaia -4.5%.

Side by side, latest fiscal year

ANGXGAIA
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$321.6M$99M
Revenue growth+233.2%+10.8%
Net income-$170.5M-$4.5M
Net margin-53.0%-4.5%
Free cash flown/a-$377K
Free cash flow marginn/a-0.4%
Earnings per share (diluted)-$1.10-$0.18
Cash$44.1M$13.5M
Debt$45.5M$5.7M
Price to earningsn/an/a
Market value$896.4M$33.1M
Dividend yieldn/an/a
Rank by revenue in sector#610 of 778 · Consumer discretionary#688 of 778 · Consumer discretionary

Over the years

Revenue
ANGX FY2023: $202.4MANGX FY2024: $96.5MANGX FY2025: $321.6MGAIA FY2018: $42MGAIA FY2019: $54MGAIA FY2020: $66.8MGAIA FY2021: $79.6MGAIA FY2022: $82MGAIA FY2023: $80.4MGAIA FY2024: $89.3MGAIA FY2025: $99MFY18FY19FY20FY21FY22FY23FY24FY25
ANGX $321.6MGAIA $99M
Net income
ANGX FY2022: $18.1MANGX FY2023: $13.4MANGX FY2024: -$88.3MANGX FY2025: -$170.5MGAIA FY2018: -$33.8MGAIA FY2019: -$18.2MGAIA FY2020: $519KGAIA FY2021: $3.7MGAIA FY2022: -$3.6MGAIA FY2023: -$5.6MGAIA FY2024: -$5.2MGAIA FY2025: -$4.5MFY18FY19FY20FY21FY22FY23FY24FY25
ANGX -$170.5MGAIA -$4.5M
Net margin
ANGX FY2023: 6.6%ANGX FY2024: -91.5%ANGX FY2025: -53.0%GAIA FY2018: -80.5%GAIA FY2019: -33.6%GAIA FY2020: 0.8%GAIA FY2021: 4.7%GAIA FY2022: -4.4%GAIA FY2023: -7.0%GAIA FY2024: -5.9%GAIA FY2025: -4.5%FY18FY19FY20FY21FY22FY23FY24FY25
ANGX -53.0%GAIA -4.5%
Revenue growth
ANGX FY2024: -52.3%ANGX FY2025: +233.2%GAIA FY2019: +28.5%GAIA FY2020: +23.8%GAIA FY2021: +19.1%GAIA FY2022: +3.1%GAIA FY2023: -2.0%GAIA FY2024: +11.0%GAIA FY2025: +10.8%FY19FY20FY21FY22FY23FY24FY25
ANGX +233.2%GAIA +10.8%
Free cash flow
GAIA FY2018: -$40.2MGAIA FY2019: -$21.3MGAIA FY2020: -$1.7MGAIA FY2021: $3.5MGAIA FY2022: -$6.7MGAIA FY2023: $596KGAIA FY2024: $1.9MGAIA FY2025: -$377KFY18FY19FY20FY21FY22FY23FY24FY25
ANGXGAIA -$377K

Fiscal years as each company reports them; the two may end in different months.

Questions about Angel Studios and Gaia

Which is bigger by revenue, Angel Studios or Gaia?

Angel Studios is bigger by revenue: $321.6M in fiscal 2025, against $99M for Gaia in fiscal 2025.

Which keeps more of its revenue as profit, Angel Studios or Gaia?

Angel Studios had a net margin of -53.0% in fiscal 2025; Gaia had -4.5% in fiscal 2025.

Which grew revenue faster, Angel Studios or Gaia?

In their latest fiscal years revenue changed by +233.2% at Angel Studios and +10.8% at Gaia.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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