Quarterly ResultApr 30, 2026, 04:37 PM
ANGX Q1 Revenue +143% to $115.1M; Adj. EBITDA $4.0M
AI Summary
Angel Studios reported strong first-quarter 2026 financial results, with revenue increasing 143% year-over-year to $115.1 million. The company achieved positive Adjusted EBITDA of $4.0 million, a significant improvement from a $(28.7) million loss in the prior year. Angel Guild membership grew 11% quarter-over-quarter to 2.22 million, and selling and marketing expenses improved to 49% of total revenue. The company also reiterated its narrowed Adjusted EBITDA loss outlook for the full year 2026.
Key Highlights
- Q1 2026 revenue increased 143% YoY to $115.1 million.
- Achieved positive Adjusted EBITDA of $4.0 million in Q1 2026, up from $(28.7) million loss.
- Angel Guild membership grew 11% QoQ to 2.22 million members.
- Net loss improved to $(13.8) million, or $(0.08) per share, from $(37.3) million.
- Selling and marketing expense improved to 49% of total revenue from 107% YoY.
- Angel Guild revenue was $83.3 million, representing 72% of total revenue.
- Cash and cash equivalents were $38.9 million as of March 31, 2026.
- Raised $34.5 million gross proceeds from a stock offering in April 2026.