{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-111294","form_type":"8-K","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2025-11-13T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.874537+00:00","generated_at":"2026-05-16T20:36:10.852661+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"confidence":"high","headline":"Angel Studios Q3 revenue $76.5M (+280% YoY); net loss $38.6M; acquires DAVID franchise","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-111294","json":"https://secwatch.observer/filing/0001104659-25-111294.json","markdown":"https://secwatch.observer/filing/0001104659-25-111294.md","text":"https://secwatch.observer/filing/0001104659-25-111294.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925111294/0001104659-25-111294-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000110465925111294/tm2531235d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T20:36:10.852661+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}