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CIK 1671941

ANGEL STUDIOS, INC.
CIK 0001671941 · EDGAR ↗
cleanelevatedtriggeredno dataplanned
87.6
composite · 4 signals · TRIGGERED

Every card below shows the score and the exact filing data it was computed from — no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded — never a guess.

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Signals

P-12 · FY 2024-12-31 · TRIGGERED85.7

Restatement predictor

F-Score 2.57 — misstatement risk 2.6x the base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-28) ↗
Evidence — inputs and thresholds
{
  "f_score": 2.572,
  "probability": 0.00951,
  "components": {
    "rsst": -0.3005,
    "drec": -0.0804,
    "dinv": -0.0115,
    "soft": 0.9189,
    "dcs": -0.4842,
    "droa": -1.0047,
    "issue": 1
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1671941/000155837025004007/0001558370-25-004007-index.htm",
    "form": "10-K",
    "filed": "2025-03-28"
  }
}
P-05 · FY 2023-12-31 · ELEVATED100.0

Tax arbitrage

ETR -42.7% vs 21% statutory — gap persistent across 1 of 1 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-28) ↗
Evidence — inputs and thresholds
{
  "etr_by_year": {
    "2023-12-31": -0.4272
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2023-12-31": 0.6372
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1671941/000155837025004007/0001558370-25-004007-index.htm",
    "form": "10-K",
    "filed": "2025-03-28"
  }
}
P-13 · FY 2024-12-31 · ELEVATED90.0

Zombie / distress

Interest coverage -36.58x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-28) ↗
Evidence — inputs and thresholds
{
  "icr_by_year": {
    "2024-12-31": -36.584,
    "2023-12-31": 2.229,
    "2022-12-31": -20.732
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -10.971,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -86557722,
    "interest_expense_t": 2366014
  },
  "stale": false,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1671941/000155837025004007/0001558370-25-004007-index.htm",
    "form": "10-K",
    "filed": "2025-03-28"
  }
}
P-01 · FY 2024-12-31 · CLEAN0.0

Earnings quality

Beneish M-Score -4.09 — no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-03-28) ↗
Evidence — inputs and thresholds
{
  "m_score": -4.094,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.41,
    "GMI": 1.019,
    "AQI": 1.397,
    "SGI": 0.477,
    "DEPI": 0.765,
    "SGAI": 1,
    "LVGI": 1.81,
    "TATA": -0.3
  },
  "defaulted_to_neutral": [
    "SGAI"
  ],
  "sloan_accruals": -0.3005,
  "inputs": {
    "revenue_t": 96516439,
    "revenue_t1": 202437316,
    "total_assets_t": 98524262,
    "net_income_t": -89795494,
    "cfo_t": -60231302
  },
  "stale": false,
  "latest_filing_period": "2024-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1671941/000155837025004007/0001558370-25-004007-index.htm",
    "form": "10-K",
    "filed": "2025-03-28"
  }
}