Quarterly ResultApr 30, 2026, 04:41 PM
ANGX Q1 Revenue +142.6% to $115.1M; Net Loss $(13.8)M
AI Summary
Angel Studios, Inc. reported a significant increase in total revenue for Q1 2026, reaching $115.1 million, a 142.6% rise from the prior year. The company also substantially reduced its net loss to $(13.8) million, compared to $(37.3) million in Q1 2025, and achieved positive cash flow from operating activities. Post-period, Angel Studios completed a public offering in April 2026, raising $34.5 million.
Key Highlights
- Total revenue increased 142.6% to $115.1 million in Q1 2026 from $47.4 million in Q1 2025.
- Net loss significantly reduced to $(13.8) million in Q1 2026 from $(37.3) million in Q1 2025.
- Basic net loss per common share improved to $(0.082) from $(0.256) year-over-year.
- Cash and cash equivalents were $38.9 million as of March 31, 2026, down from $44.1 million.
- Cash provided by operating activities was $1.9 million in Q1 2026, compared to $(9.8) million used in Q1 2025.
- Angel Guild revenue grew to $83.3 million, Theatrical revenue to $18.0 million, and Content licensing to $10.2 million.
- In April 2026, the company issued common stock through a public offering for $34.5 million.
- Accumulated deficit increased to $(255.3) million as of March 31, 2026.
Price Impact
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