Angel Studios Reports Better-Than-Expected Q1 Earnings
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2026
0mins
Should l Buy ANGX?
Source: Fool
- Earnings Surprise: Angel Studios reported a Q1 loss of only $0.08 per share, better than Wall Street's expectation of $0.11, indicating improvements in revenue and cost management, although GAAP profitability remains elusive.
- Significant Revenue Growth: The company’s total revenue soared 143% year-over-year to $115.1 million, reflecting the success of its business model and strong market demand, particularly under its membership-based approach.
- Membership Growth: Angel's guild membership increased by 11% sequentially to 2.22 million in Q1, more than doubling year-over-year, demonstrating effective strategies in attracting and retaining users.
- Cautious Future Outlook: Despite a strong Q1 performance, the company forecasts a $25 million adjusted EBITDA loss for 2026, prompting investors to remain cautious while monitoring the path to future profitability.
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Analyst Views on ANGX
Wall Street analysts forecast ANGX stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.990
Low
8.00
Averages
10.33
High
14.00
Current: 2.990
Low
8.00
Averages
10.33
High
14.00
About ANGX
Angel Studios, Inc. is a media and technology company. The Company is engaged in offering and producing its own films and series, distributing original films and series, releasing licensed films or shows, consulting with filmmakers, maintaining engagement with its existing users, conducting research and development to create new intellectual property, and devising new methods to monetize existing intellectual property. Its theatrical strategy combines Angel Guild’s predictive capabilities, which help the Company to decide what film and television projects the studio will market and distribute, and support the filmmakers who create films and series that amplify light. In addition, using its self-developed Theatrical Pay-it-Forward technology, the Company offers a community-based in-person cinema experience whereby, after experiencing a film in the theater, people have the opportunity to share that experience with others by purchasing tickets through the Angel App or on its Website.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Angel Studios Reports Better-Than-Expected Q1 Earnings
- Earnings Surprise: Angel Studios reported a Q1 loss of only $0.08 per share, better than Wall Street's expectation of $0.11, indicating improvements in revenue and cost management, although GAAP profitability remains elusive.
- Significant Revenue Growth: The company’s total revenue soared 143% year-over-year to $115.1 million, reflecting the success of its business model and strong market demand, particularly under its membership-based approach.
- Membership Growth: Angel's guild membership increased by 11% sequentially to 2.22 million in Q1, more than doubling year-over-year, demonstrating effective strategies in attracting and retaining users.
- Cautious Future Outlook: Despite a strong Q1 performance, the company forecasts a $25 million adjusted EBITDA loss for 2026, prompting investors to remain cautious while monitoring the path to future profitability.
See More
Angel Announces 2026 Theatrical Slate with Five New Releases
- New Film Releases: Angel has announced five new films for its 2026 slate, including 'Young Washington' and 'The Brink of War', showcasing its innovative audience-driven studio model that is expected to attract more viewers and enhance box office performance.
- Diverse Genres: The new films span various genres from action thrillers to Cold War dramas, featuring star-studded casts including Jeff Daniels and Tommy Lee Jones, aiming to enhance emotional resonance with audiences through engaging narratives and values-driven storytelling.
- Audience Engagement Model: Angel's success is bolstered by the support of over 2.2 million Angel Guild members, a model that not only boosts audience satisfaction but also enables the company to achieve the highest average box office among independent distributors, further solidifying its market position.
- Industry-Leading Performance: Angel has recently achieved several box office milestones, including the highest-grossing faith-based animated film 'DAVID', and its films boast an average Rotten Tomatoes Audience Score of 93%, demonstrating its competitive edge in the industry.
See More
Angel Studios Unveils 2026 Theatrical Slate with Five New Releases
- New Film Releases: Angel Studios announces five new theatrical releases for 2026, spanning genres from action thrillers to Cold War dramas, aiming to meet global audience demand for uplifting storytelling and further solidifying its market position.
- Audience-Driven Model: The studio's production approach leverages the involvement of over 2.2 million Angel Guild members, ensuring that each film resonates with audience expectations, thereby enhancing viewer satisfaction and market response.
- Box Office Achievements: Angel has recently reached several box office milestones, including the highest-grossing faith-based animated film of 2025 with 'DAVID', and achieving the highest average domestic box office per title among independent distributors from 2023 to 2025, showcasing its strong market competitiveness.
- Diverse Film Lineup: The 2026 slate includes titles like 'Animal Farm' and 'Young Washington', reflecting Angel's strategic focus on content diversity, aiming to attract a broader audience through rich storytelling.
See More
Angel Studios Prices Public Offering at $2.10 per Share
- Offering Size: Angel Studios has priced its public offering at $2.10 per share for 14.3 million shares, expecting gross proceeds of approximately $30 million, indicating the company's strong capital market positioning.
- Underwriter Option: The company granted underwriters a 30-day option to purchase an additional 2.14 million shares at the same public offering price, enhancing market flexibility and attractiveness of the offering.
- Closing Timeline: The offering is expected to close on April 13, 2026, indicating the company's proactive approach to capital raising in the coming months to support business expansion.
- Market Reaction: Following the announcement, ANGX shares rose 22.64% in pre-market trading to $2.22 per share, reflecting investor optimism regarding the company's future prospects.
See More
Angel Studios Prices Public Offering at $2.10 per Share
- Offering Size: Angel Studios announced a public offering of 14,300,000 shares of Class A common stock priced at $2.10 per share, with expected gross proceeds of approximately $30 million, indicating strong market demand for the company's shares.
- Underwriting Arrangement: The offering is managed by Roth Capital Partners as the sole book-running manager, with Maxim Group LLC and Texas Capital Securities as co-lead managers, ensuring a professional and credible underwriting process.
- Use of Proceeds: The company plans to utilize the net proceeds for general corporate purposes, including capital expenditures and working capital, reflecting a proactive approach to future growth and operational needs.
- Market Reaction: The successful pricing and anticipated closing of this offering may enhance investor confidence in Angel Studios, supporting its ongoing growth in the audience-driven film production model.
See More
Angel to Release Q1 2026 Earnings After Market Close
- Earnings Release Schedule: Angel will release its Q1 2026 financial results after market close on April 30, 2026, providing investors with crucial financial data and operational performance insights.
- Webinar Timing: The company plans to host a webinar on May 1, 2026, at 11:00 a.m. ET, where management will discuss the earnings report and answer questions from the sell-side community, enhancing transparency and investor confidence.
- Audience-Driven Model: Angel is renowned for its unique audience-driven studio model, having attracted over 2 million paying members, indicating strong market demand and potential for values-driven storytelling.
- Industry-Leading Performance: With over 100 films and more than 30 television series, the company has achieved the highest audience satisfaction scores and average domestic box office per title among independent studios, showcasing the success of its business model.
See More
Angel Studios Reports Better-Than-Expected Q1 Earnings
- Earnings Surprise: Angel Studios reported a Q1 loss of only $0.08 per share, better than Wall Street's expectation of $0.11, indicating improvements in revenue and cost management, although GAAP profitability remains elusive.
- Significant Revenue Growth: The company’s total revenue soared 143% year-over-year to $115.1 million, reflecting the success of its business model and strong market demand, particularly under its membership-based approach.
- Membership Growth: Angel's guild membership increased by 11% sequentially to 2.22 million in Q1, more than doubling year-over-year, demonstrating effective strategies in attracting and retaining users.
- Cautious Future Outlook: Despite a strong Q1 performance, the company forecasts a $25 million adjusted EBITDA loss for 2026, prompting investors to remain cautious while monitoring the path to future profitability.
See More
Angel Announces 2026 Theatrical Slate with Five New Releases
- New Film Releases: Angel has announced five new films for its 2026 slate, including 'Young Washington' and 'The Brink of War', showcasing its innovative audience-driven studio model that is expected to attract more viewers and enhance box office performance.
- Diverse Genres: The new films span various genres from action thrillers to Cold War dramas, featuring star-studded casts including Jeff Daniels and Tommy Lee Jones, aiming to enhance emotional resonance with audiences through engaging narratives and values-driven storytelling.
- Audience Engagement Model: Angel's success is bolstered by the support of over 2.2 million Angel Guild members, a model that not only boosts audience satisfaction but also enables the company to achieve the highest average box office among independent distributors, further solidifying its market position.
- Industry-Leading Performance: Angel has recently achieved several box office milestones, including the highest-grossing faith-based animated film 'DAVID', and its films boast an average Rotten Tomatoes Audience Score of 93%, demonstrating its competitive edge in the industry.
See More
Angel Studios Unveils 2026 Theatrical Slate with Five New Releases
- New Film Releases: Angel Studios announces five new theatrical releases for 2026, spanning genres from action thrillers to Cold War dramas, aiming to meet global audience demand for uplifting storytelling and further solidifying its market position.
- Audience-Driven Model: The studio's production approach leverages the involvement of over 2.2 million Angel Guild members, ensuring that each film resonates with audience expectations, thereby enhancing viewer satisfaction and market response.
- Box Office Achievements: Angel has recently reached several box office milestones, including the highest-grossing faith-based animated film of 2025 with 'DAVID', and achieving the highest average domestic box office per title among independent distributors from 2023 to 2025, showcasing its strong market competitiveness.
- Diverse Film Lineup: The 2026 slate includes titles like 'Animal Farm' and 'Young Washington', reflecting Angel's strategic focus on content diversity, aiming to attract a broader audience through rich storytelling.
See More
Angel Studios Prices Public Offering at $2.10 per Share
- Offering Size: Angel Studios has priced its public offering at $2.10 per share for 14.3 million shares, expecting gross proceeds of approximately $30 million, indicating the company's strong capital market positioning.
- Underwriter Option: The company granted underwriters a 30-day option to purchase an additional 2.14 million shares at the same public offering price, enhancing market flexibility and attractiveness of the offering.
- Closing Timeline: The offering is expected to close on April 13, 2026, indicating the company's proactive approach to capital raising in the coming months to support business expansion.
- Market Reaction: Following the announcement, ANGX shares rose 22.64% in pre-market trading to $2.22 per share, reflecting investor optimism regarding the company's future prospects.
See More
Angel Studios Prices Public Offering at $2.10 per Share
- Offering Size: Angel Studios announced a public offering of 14,300,000 shares of Class A common stock priced at $2.10 per share, with expected gross proceeds of approximately $30 million, indicating strong market demand for the company's shares.
- Underwriting Arrangement: The offering is managed by Roth Capital Partners as the sole book-running manager, with Maxim Group LLC and Texas Capital Securities as co-lead managers, ensuring a professional and credible underwriting process.
- Use of Proceeds: The company plans to utilize the net proceeds for general corporate purposes, including capital expenditures and working capital, reflecting a proactive approach to future growth and operational needs.
- Market Reaction: The successful pricing and anticipated closing of this offering may enhance investor confidence in Angel Studios, supporting its ongoing growth in the audience-driven film production model.
See More
Angel to Release Q1 2026 Earnings After Market Close
- Earnings Release Schedule: Angel will release its Q1 2026 financial results after market close on April 30, 2026, providing investors with crucial financial data and operational performance insights.
- Webinar Timing: The company plans to host a webinar on May 1, 2026, at 11:00 a.m. ET, where management will discuss the earnings report and answer questions from the sell-side community, enhancing transparency and investor confidence.
- Audience-Driven Model: Angel is renowned for its unique audience-driven studio model, having attracted over 2 million paying members, indicating strong market demand and potential for values-driven storytelling.
- Industry-Leading Performance: With over 100 films and more than 30 television series, the company has achieved the highest audience satisfaction scores and average domestic box office per title among independent studios, showcasing the success of its business model.
See More
