Angel Studios Q3 revenue $159.0M, up 107.7% YoY; net loss narrowed to $5.2M

Angel Studios, Inc.

Total revenue $159.0M vs $76.5M in Q3 2025 (+107.7% YoY, +42.4% QoQ); Guild revenue $115.6M, up 95.3% YoY and 27.5% QoQ.
Net loss $5.2M ($0.03/share) vs $38.5M ($0.25/share) a year ago; Adjusted EBITDA loss $3.2M vs $32.6M; gross margin 63% vs 55%.
Paying Guild members reached 2.94M, up ~1.36M YoY and ~335,000 in the quarter; Guild S&M fell to 55% of Guild revenue from 75%.
Young Washington grossed $47M domestic box office; library scaled to over 1,500 releases from 837 at Dec 31, 2025; operating cash flow +$10.3M in Q3.
Reiterated FY2026 Adjusted EBITDA loss under $25M; cash $45.6M, deferred revenue $98.5M, notes payable $75.5M, and 304 bitcoin worth $25.4M.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.