Welcome to our dedicated page for Angel Studios SEC filings (Ticker: ANGX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Angel Studios, Inc. filings document the company’s operating results, material events, governance matters, and capital-structure disclosures as a public media and technology issuer. Recent 8-K reports furnish quarterly and annual financial results, operational highlights, Angel Guild disclosures, content-related updates, and Regulation FD communications.
The company’s SEC record also includes material-agreement disclosures involving credit facility amendments and obligations assumed after its completed business combination. Proxy and governance materials address shareholder voting matters, board and governance topics, material agreements, operating and financial results, and capital-structure information relevant to ANGX’s public-company reporting.
Angel Studios, Inc. filed a current report to highlight a new transparency practice around one of its key operating metrics. Effective May 29, 2026, the company began making its current active paying Angel Guild member count publicly available on its website at https://www.angel.com/guild/impact.
The member count is updated on a regular basis so readers can track this subscription-style metric over time. Angel Studios notes that information on its website is not automatically part of its SEC reports unless specifically incorporated by reference, and the disclosure under Regulation FD is furnished rather than filed.
Angel Studios, Inc. director Robert C. Gay exercised 5,296 Restricted Stock Units into the same number of shares of Class A common stock at a stated price of $0.0000 per share. These RSUs were granted under the 2025 Long-Term Incentive Plan and vest in substantially equal quarterly installments over one year beginning October 23, 2025.
Angel Studios, Inc. reported results from its annual stockholder meeting held on May 21, 2026. Shareholders elected five directors—Neal Harmon, Steve Sarowitz, Robert C. Gay, Benton Crane, and Katie Liljenquist—to serve until the next annual meeting and until successors are elected and qualified.
Support for the directors was strong, with each nominee receiving over 460 million votes "for" and broker non-votes of 57,084,634 shares. Stockholders also ratified the appointment of Tanner LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, with 519,551,386 votes in favor, 309,577 against, and 596,377 abstentions.
Angel Studios, Inc. director Steven I. Sarowitz reported an open-market purchase of Class A Common Stock. On 2026-05-05, he bought 321,544 shares at an average price of $3.0558 per share. After this transaction, he directly owns 326,840 shares of Angel Studios Class A Common Stock.
Angel Studios, Inc. reported strong top-line growth for the three months ended March 31, 2026, with revenue of $115.1 million, up from $47.4 million a year earlier, driven mainly by Angel Guild memberships and theatrical and licensing revenue. Operating loss narrowed sharply to $2.7 million from $33.6 million, and net loss improved to $13.8 million from $37.3 million, though the company remains unprofitable.
Cash provided by operating activities was $1.9 million versus a prior-period use of cash, while cash and cash equivalents were $38.9 million and total notes payable $102.3 million. Stockholders’ equity was negative at $(41.5) million, reflecting an accumulated deficit of $255.3 million. The company held about 303.1 bitcoin with a carrying value of $20.7 million and recorded a $5.8 million net loss on digital assets.
During the quarter, Angel Studios drew a second $20 million term-loan tranche with attached warrants and generated about $92.2 million in cash from Angel Guild memberships. Management believes existing capital resources, recurring revenues, available debt capacity, and the ability to sell digital assets will support operations for at least the next twelve months. Subsequent to quarter-end, the company raised $34.5 million in a Class A common stock offering and repaid in full $38.5 million of revolving P&A loans.
Angel Studios reported strong first-quarter 2026 growth but remains unprofitable. Total revenue rose to $115.1 million, a 143% year-over-year increase, driven mainly by Angel Guild revenue of $83.3 million and 11% growth in Guild membership to 2.22 million.
Gross profit increased to $71.1 million, with gross margin expanding to about 62%. Selling and marketing was $56.6 million, or 49% of revenue, down from 107% a year earlier. Net loss narrowed to $13.8 million, or $(0.08) per share, and Adjusted EBITDA improved to a positive $4.0 million from a loss of $(28.7) million.
Angel ended the quarter with $38.9 million in cash and 303.1 BTC valued at $20.7 million. In April 2026, it priced an underwritten offering of 16,445,000 Class A shares at $2.10 per share for $34.5 million in gross proceeds and reiterated a full-year 2026 Adjusted EBITDA loss target of less than $25 million.
Angel Studios, Inc. director Steven I. Sarowitz increased his direct holdings through equity compensation. On April 23, 2026, he acquired 2,648 shares of Class A Common Stock at $0.0000 per share via the exercise of restricted stock units (RSUs).
After this conversion, he directly holds 5,296 shares of Class A Common Stock. The RSUs were awarded under Angel Studios’ 2025 Long-Term Incentive Plan, effective October 23, 2025, and vest in substantially equal quarterly installments over one year, with each vested RSU automatically converting into one common share.
Angel Studios, Inc. director Trang T. Nguyen exercised restricted stock units, acquiring 2,648 shares of Class A common stock. After the transaction, Nguyen directly holds 5,296 common shares and 5,297 RSUs.
The RSUs were granted under the 2025 Long-Term Incentive Plan and vest in equal quarterly installments over one year beginning on October 23, 2025, converting into common stock on a one-for-one basis.
Angel Studios, Inc. director Katie Liljenquist exercised restricted stock units, acquiring 2,648 shares of Class A Common Stock at a stated price of $0.0000 per share. Following this derivative exercise, she directly holds 55,649 Class A shares and 5,297 RSUs. The RSUs were granted under Angel Studios’ 2025 Long-Term Incentive Plan and vest in substantially equal quarterly installments over one year beginning on October 23, 2025, with each vested RSU converting into one share of Class A Common Stock on a one-for-one basis.
Angel Studios, Inc. director Crane Benton Deloss exercised restricted stock units into common shares. On April 23, 2026, 2,648 Class A Common Stock RSUs converted on a one-for-one basis into 2,648 shares at an exercise price of $0.00 per share. Following the transaction, Deloss directly holds 205,296 shares of Class A Common Stock and 5,297 Class A Common Stock RSUs. The RSUs were awarded under the company’s 2025 Long-Term Incentive Plan and, according to the award terms, became effective on October 23, 2025 and vest in substantially equal quarterly installments over one year, with each vested RSU automatically converting into one share of common stock.