---
schema_version: "secwatch.filing_event.v1"
accession: "0001865200-26-000018"
form_type: "8-K"
ticker: "ANGX"
cik: "0001865200"
company_name: "Angel Studios, Inc."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:52:04.443570+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001865200-26-000018
- form_type: 8-K
- ticker: ANGX
- cik: 0001865200
- company_name: Angel Studios, Inc.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/0001865200-26-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/angx-20260312x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001865200-26-000018
- JSON: https://secwatch.observer/filing/0001865200-26-000018.json
- Plain text: https://secwatch.observer/filing/0001865200-26-000018.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.