Angel Studios Q4 revenue $109.9M (+254% YoY); net loss $78.6M; guides FY26 EBITDA loss <$25M

Angel Studios, Inc.

Full-year 2025 revenue $321.6M (+233% YoY); Angel Guild revenue grew 488% to 65% of total.
Q4 net loss ($0.47)/share vs ($0.26) in prior year; gross margin improved to 60% from 58%.
Guild membership reached 2.2M members; trailing 12-month ARPM $13.67.
DAVID was highest-grossing faith-based animated theatrical opening ever.
Anticipates significantly narrowed adjusted EBITDA loss of less than $25M for full year 2026.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angel Studios, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $109.9 million, net income $78.6 million, EPS ($0.47) per share. Guidance initiated.

Period: the fourth quarter ended December 31, 2025
Revenue: $109.9 million
Net income: $78.6 million
EPS: ($0.47) per share
Guidance: initiated
Result: reported results

Exact text from the filing

Total revenue was $109.9 million in the fourth quarter of 2025 and $321.6 million for the twelve months ended December 31, 2025, compared to $31.0 million and $96.5 million in the prior year periods, respectively. The quarterly increase in revenues was due to an increase in Angel Guild revenue of $54.7 million and theatrical release revenue, which increased by $19.6 million as a result of the success of the DAVID theatrical rollout. Gross Margin for the quarter was 60% compared to 58% a year ago in Q4. Selling and marketing for the fourth quarter of 2025 was $120.6 million, compared to $38.0 million for the 2024 comparable quarter. The increase was largely due to faster than expected Guild member growth and the marketing investment to support the DAVID release. Net loss was $78.6 million, or ($0.47) per share, in the fourth quarter of 2025, compared to a net loss of $37.2 million, or ($0.26) per share, in the fourth quarter of 2024.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angel Studios, Inc. updated its the full year 2026 guidance (initiated).

Period: the full year 2026
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company anticipates a significantly narrowed Adjusted EBITDA loss of less than $25 million for the full year 2026.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Angel Studios, Inc. reported the twelve months ended December 31, 2025 results: revenue $321.6 million. Guidance initiated.

Period: the twelve months ended December 31, 2025
Revenue: $321.6 million
Guidance: initiated
Result: reported results

Exact text from the filing

For the 2025 full year, revenue increased 233.2% to $321.6 million, compared to $96.5 million for the full year ended December 31, 2024.

View on SEC.gov

Browse all earnings releases →

Angel Studios, Inc. filing history →

Source: SEC EDGAR

accession 0001865200-26-000018

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.