NYSE$ANGX
Angel Studios Inc · Q2 2026 earnings
Q2 2026 earnings · · After market close
Briefing
Angel Studios Inc reported Q2 2026 revenue of $111.7 million with a net loss of $23.8 million.
Angel Studios posted quarterly revenue of $111.7 million, up 27% year-over-year, driven primarily by Angel Guild membership growth to 2.61 million members. The company recorded an operating loss of $18.5 million and a net loss of $23.8 million, or $0.13 per share. Cash and cash equivalents stood at $48.0 million at quarter end.
- Angel Guild revenue reached $90.7 million, accounting for 81% of total Q2 revenue and growing 94% YoY.
- Theatrical revenue fell sharply to $2.8 million due to fewer major releases compared to Q2 2025.
- Content licensing revenue more than doubled to $15.1 million from expanded streaming deals.
- Operating cash flow for the first half was positive $18.8 million despite the quarterly net loss.
Headline financials
Revenue & EPS history
Angel Studios Inc · Revenue · Quarterly
$112M
Revenue by segment
Angel Studios Inc · $112M total across 5 segments · Q2 2026
- Angel Guild$90.7M—81.2%
- Content Licensing$15.1M—13.5%
- Theatrical$2.8M—2.5%
- Merchandise$2.44M—2.2%
- Other$651K—0.6%
Forward guidance
Management expects continued Angel Guild growth and additional theatrical releases in the second half of 2026.
Tailwinds
- Strong membership expansion driving recurring revenue
- Multiple theatrical releases planned for H2 2026
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 2 quarterly earnings reports
-0.8%
Avg return
Earnings day
+17.0%
Avg return
5 days after
+1.0%
Avg return
30 days after
50%
1 / 2 earnings
Positive
+0.4%
Q1 2026
Best reaction
-2.1%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +0.4% | +23.0% | +7.4% | |
| Q3 2025 | -2.1% | +11.0% | -5.4% |
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