Q1 2026 Angel Studios Inc Earnings Call Transcript

May 1, 2026 / 03:00 PM GMT

Release Date Price: $3.15 (+22.57%)

Transcript 10-Q8-K

Key Points

Positve

Angel Studios Inc (ANGX) achieved a milestone in Q1 2026 with a positive adjusted EBITDA of $4 million on revenues of $115 million, showcasing the strength of its recurring revenue model.
The company has built a global community of over 2.2 million paying members, representing approximately $365 million in annual recurring revenue.
Angel Studios Inc (ANGX) has successfully aligned filmmakers with audiences, resulting in filmmakers earning $255 million in cumulative royalties as of March 31, 2026.
The company's theatrical releases, such as Solo Mio, have been strategic in growing the guild and attracting new members, with Solo Mio crossing $25 million at the domestic box office.
Angel Studios Inc (ANGX) is leveraging AI to improve operational efficiency, achieving a 10x productivity increase in key functions and enhancing customer satisfaction.

Negative

Despite positive financial results, Angel Studios Inc (ANGX) reported a GAAP net loss attributable to controlling interest of $13.8 million or a loss of $0.08 per share.
The company's theatrical business, while strategic, is expected to create some volatility in quarterly adjusted EBITDA due to the timing of costs and revenues.
Angel Studios Inc (ANGX) faces competition from large multi-billion dollar players in the TV and streaming market, which could impact its growth trajectory.
The company has a significant reliance on its guild model, which may pose risks if guild growth does not meet expectations.
Angel Studios Inc (ANGX) has a substantial debt load, with future tranches of debt contingent on achieving certain conditions, which could impact liquidity if not met.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ANGX.N - Angel Studios Inc
Q1 2026 Angel Studios Inc Earnings Call
May 01, 2026 / 03:00PM GMT

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