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.

item 2.02 item 9.01

Machine-readable event card

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Source: SEC EDGAR

accession 0001865200-26-000018

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