secwatch.observer — SEC 8-K summary
======================================

Issuer:     Angel Studios, Inc. (ANGX)
CIK:        0001865200
Form:       8-K
Filed at:   2026-03-12T23:59:59+00:00
Accession:  0001865200-26-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/0001865200-26-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1865200/000186520026000018/angx-20260312x8k.htm
  HTML page:      https://secwatch.observer/filing/0001865200-26-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer