Angel Studios Q3 revenue $76.5M (+280% YoY); net loss $38.6M; acquires DAVID franchise

Angel Studios, Inc.

2025-Q3 EPS reported -$0.61 revenue$211,624,538

Q3 revenue $76.5M (record), up 280% YoY; nine-month revenue $211.6M, up 223%.
Angel Guild revenue $59.2M (77% of total), up 556% YoY; members grew to 1.6M (up 620% YoY).
Net loss $38.6M ($0.25 loss per share) vs $13.9M loss in Q3 2024; driven by marketing and content costs.
Cash and equivalents $63.3M; Bitcoin holdings valued at $34.5M; closed $100M credit facility with Trinity Capital.
Post-quarter: acquired DAVID franchise from Slingshot USA (with 2521 Entertainment); theatrical release Dec 19, 2025.

item 2.02 item 9.01

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