---
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"
generated_at: "2026-05-15T01:08:07.875079+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Angel Studios Q1 2026 revenue up 143% to $115.1M, first positive Adjusted EBITDA of $4.0M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001865200-26-000034
- JSON: https://secwatch.observer/filing/0001865200-26-000034.json
- Plain text: https://secwatch.observer/filing/0001865200-26-000034.txt

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