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

Angel Studios brought in $321.6M of revenue in fiscal 2025, Lionsgate Studios $2.6B in fiscal 2026. Revenue changed by +233.2% at Angel Studios and +1.8% at Lionsgate Studios on the year before, so Angel Studios grew faster. Angel Studios kept -53.0% of its revenue as net profit, Lionsgate Studios -7.5%.

Side by side, latest fiscal year

ANGXLION
Fiscal year endedFY2025 (December 31, 2025)FY2026 (March 31, 2026)
Revenue$321.6M$2.6B
Revenue growth+233.2%+1.8%
Net income-$170.5M-$198.3M
Net margin-53.0%-7.5%
Free cash flown/a$11.4M
Free cash flow marginn/a0.4%
Earnings per share (diluted)-$1.10-$0.70
Cash$44.1M$341.5M
Debt$45.5M$1.9B
Price to earningsn/an/a
Market value$896.4M$3.2B
Dividend yieldn/an/a
Rank by revenue in sector#610 of 778 · Consumer discretionary#313 of 778 · Consumer discretionary

Over the years

Revenue
ANGX FY2023: $202.4MANGX FY2024: $96.5MANGX FY2025: $321.6MLION FY2023: $3.1BLION FY2025: $2.5BLION FY2025: $2.6BLION FY2026: $2.6BFY23FY24FY25FY26
ANGX $321.6MLION $2.6B
Net income
ANGX FY2022: $18.1MANGX FY2023: $13.4MANGX FY2024: -$88.3MANGX FY2025: -$170.5MLION FY2021: -$18.9MLION FY2022: -$188.2MLION FY2023: -$2BLION FY2025: -$1.1BLION FY2025: -$362MLION FY2026: -$198.3MFY21FY22FY23FY24FY25FY26
ANGX -$170.5MLION -$198.3M
Net margin
ANGX FY2023: 6.6%ANGX FY2024: -91.5%ANGX FY2025: -53.0%LION FY2023: -65.2%LION FY2025: -45.0%LION FY2025: -14.0%LION FY2026: -7.5%FY23FY24FY25FY26
ANGX -53.0%LION -7.5%
Revenue growth
ANGX FY2024: -52.3%ANGX FY2025: +233.2%LION FY2025: -20.5%LION FY2025: +5.5%LION FY2026: +1.8%FY24FY25FY26
ANGX +233.2%LION +1.8%
Free cash flow
LION FY2023: $339.6MLION FY2025: $386.9MLION FY2025: -$179.5MLION FY2026: $11.4MFY23FY25FY26
ANGXLION $11.4M

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

Questions about Angel Studios and Lionsgate Studios

Which is bigger by revenue, Angel Studios or Lionsgate Studios?

Lionsgate Studios is bigger by revenue: $2.6B in fiscal 2026, against $321.6M for Angel Studios in fiscal 2025.

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

Angel Studios had a net margin of -53.0% in fiscal 2025; Lionsgate Studios had -7.5% in fiscal 2026.

Which grew revenue faster, Angel Studios or Lionsgate Studios?

In their latest fiscal years revenue changed by +233.2% at Angel Studios and +1.8% at Lionsgate Studios.

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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