Angel Studios, Inc. Tangible Net Worth Ratio
Angel Studios, Inc. tangible net worth ratio. Angel Studios, Inc. (ANGX) has a Tangible Net Worth Ratio of -24.8% as of September 2025. This metric is calculated by deducting intangible assets ($46.40 Million) from net assets ($37.17 Million) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Check ANGX capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Tangible Net Worth Ratio of Angel Studios, Inc. (2021–2024)
Tangible net worth ratio of Angel Studios, Inc. from 2021 to 2024. This chart shows how Angel Studios, Inc.'s Tangible Net Worth Ratio has changed across 4 annual periods from 2021 to 2024. As of September 2025, the ratio stands at -24.8%, reflecting net assets of $37.17 Million with intangible assets of $46.40 Million USD. See ANGX working capital efficiency to evaluate short-term liquidity relative to the company's equity base.
Angel Studios, Inc. Tangible Net Worth Ratio by Year (2021–2024)
Angel Studios, Inc. tangible net worth ratio by year from 2021 to 2024. The table below presents the year-by-year Tangible Net Worth Ratio for Angel Studios, Inc. from 2021 to 2024, covering 4 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. For live market cap and overall valuation, see ANGX market cap.
| Year | Tangible NW Ratio | Net Assets (USD) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 5.8% | $3.85 Million | $3.63 Million | $98.52 Million | ▼ -85.7 pp |
| 2023 | 91.5% | $39.68 Million | $3.38 Million | $98.26 Million | ▲ +6.4 pp |
| 2022 | 85.1% | $22.00 Million | $3.29 Million | $39.39 Million | ▼ -14.9 pp |
| 2021 | 100.0% | $210.34 Million | $0.00 | $236.63 Million | — |