Angel Studios, Inc. (ANGX)

Angel Studios ($ANGX) is the only audience-curated film studio at scale, featuring 2.22 million paying Guild members and $365 million in annualized recurring revenue (ARR). While the market has penalized it due to SPAC concerns and dilutive equity raises, the company turned adjusted EBITDA and operating cash flow positive in Q1 2026. The Guild subscription model accounts for 72% of revenues, yielding high-margin, predictable cash flows. Aggressive open-market insider buying by billionaire board member Steven Sarowitz highlights strong alignment and valuation mispricing.