Angel Studios, Inc. 8K

Angel Studios, Inc. announced strong Q1 2026 revenue and Angel Guild membership growth with a move to positive Adjusted EBITDA, improved marketing efficiency, an April 2026 equity offering, and reiterated full-year Adjusted EBITDA loss guidance of under $25 million.

Angel Studios, Inc. (NYSE: ANGX) reported first quarter 2026 results, highlighting 11% quarter-over-quarter and 106% year-over-year growth in paid Angel Guild membership to 2.22 million, a 143% year-over-year increase in revenue to $115.1 million—72% of which is recurring Guild revenue—and a swing to positive Adjusted EBITDA of $4.0 million from a $(28.7) million loss in Q1 2025, alongside improved marketing efficiency (selling and marketing down to 49% of revenue from 107%), a narrowed net loss of $13.8 million, cash and equivalents of $38.9 million, unchanged Bitcoin holdings whose fair value declined, and disclosure of an April 2026 underwritten equity offering of 16,445,000 shares of Class A common stock at $2.10 per share for $34.5 million in gross proceeds, while reiterating full-year 2026 guidance for an Adjusted EBITDA loss of less than $25 million and announcing a May 1, 2026 results webinar.

Filing Facts

CIK

1865200

Ticker

-

Form

8K

Source Type

sec

Accession

0001865200-26-000034

Alert Tier

7