Angel Studios, Inc. · NYSE:ANGX
Angel Studios — Q2 2026 Earnings Presentation
7 slides from Angel Studios's earnings presentation, Aug 5, 2026
Slide 1: Angel Reports First Quarter 2026 Financial Results with 11% Growth in Guild Membership
Angel Reports First Quarter 2026 Financial Results with 11% Growth in Guild Membership ~ Revenue of $115.1 Million, Representing a 143% Year-Over-Year Increase ~ ~ Adjusted EBITDA Improves to $4.0 Million From $(28.7) Million in Q1 2025 ~ ~ Selling and Marketing expense improved from 107% of total r
Slide 2: Message from our CFO
expands our addressable market, lowers customer acquisition costs, and deepens engagement." Message from our CFO: "Recurring revenue from the Angel Guild is the engine of our business," said Scott Klossner, CFO, Angel. "We delivered record topline revenue, greater marketing efficiency, improved gros
Slide 3: Date: Friday, May 1, 2026
Date: Friday, May 1, 2026 Time: 11:00 a.m. Eastern time Dial-in: 1-877-407-0779 International Dial-in:1-201-389-0914 Webcast: Please register here A replay will be available within 24 hours after the webinar and can be accessed here or on the Company's investor relations website at https://angx.com/
Slide 4: Reconciliation between net income/(loss) and Adjusted EBITDA
A reconciliation between net income/(loss) and Adjusted EBITDA is presented below: For the three months ended March 31, 2026 2025 Reconciliation of net loss to non-GAAP Adjusted EBITDA Net loss $ (13,756,056 ) $ (37,330,132 ) Interest expense, net 5,324,320 439,464 Depreciation and amortization 3,10
Slide 5: Condensed Consolidated Balance Sheets (Unaudited)
ANGEL STUDIOS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) As of March 31, 2026 December 31, 2025 Assets Current assets: Cash and cash equivalents $ 38,875,760 $ 44,083,233 Accounts receivable, net 30,792,585 51,122,866 Current portion of licensing receivables, net 9,834,673 9,695,562 Phy
Slide 6: Condensed Consolidated Statements of Operations (Unaudited)
ANGEL STUDIOS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, 2026 2025 Revenue: Licensed content and other revenue $ 114,950,464 $ 46,206,744 Pay it Forward revenue 154,602 1,233,896 Total revenue 115,105,066 47,440,640 Operating expenses: Cost of reve
Slide 7: Condensed Consolidated Statements of Cash Flows
Operating lease liabilities (310,647 ) (162,237 ) Deferred revenue 8,157,063 13,840,858 Net cash and cash equivalents provided by (used in) operating activities 1,887,859 (9,760,444 ) Cash flows from investing activities: Purchases of property and equipment (24,533 ) (51,977 ) Issuance of notes rece