{"schema_version":"secwatch.filing_event.v1","accession":"0001865200-26-000034","form_type":"8-K","ticker":"ANGX","cik":"0001865200","company_name":"Angel Studios, Inc.","filed_at":"2026-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.176437+00:00","generated_at":"2026-05-15T01:08:07.875079+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"confidence":"high","headline":"Angel Studios Q1 2026 revenue up 143% to $115.1M, first positive Adjusted EBITDA of $4.0M","bullets":["Revenue $115.1M (+143% YoY), Angel Guild revenue $83.3M (+140% YoY); Guild members 2.22M (+106% YoY).","Net loss improved to $13.8M ($0.08 loss per share) vs $37.3M loss ($0.26) in Q1 2025.","Adjusted EBITDA positive $4.0M vs loss of $28.7M in Q1 2025; gross margin 62% vs 59%.","Selling & marketing expense improved to 49% of revenue from 107% in Q1 2025.","April 2026 registered offering of 16.445M shares at $2.10, gross proceeds $34.5M; cash $38.9M."],"urls":{"canonical":"https://secwatch.observer/filing/0001865200-26-000034","json":"https://secwatch.observer/filing/0001865200-26-000034.json","markdown":"https://secwatch.observer/filing/0001865200-26-000034.md","text":"https://secwatch.observer/filing/0001865200-26-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000034/0001865200-26-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1865200/000186520026000034/angx-20260331x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T01:08:07.875079+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"}