Why is ANGX Stock Down Today?
AI-generated explanation by Rhea-AI. How Rhea-AI works. Not financial advice.
What Changed
Price Move History
- Daily moves over 5%
- 72 252 sessions, November 10, 2025 to November 10, 2026
- Largest daily move
- -24% close of April 10, 2026
- 1-year change
- -33.7% closing prices, November 10, 2025 to November 10, 2026
- 1-month change
- -6.3% closing prices, October 9, 2026 to November 10, 2026
Company Description
Angel Studios, Inc. (NYSE: ANGX) is a media and technology company in the motion picture and video content sector. According to its public communications and SEC filings, Angel is guided by a large base of grassroots paying members known as the Angel Guild, who help champion and select values-driven stories. The company describes itself as audience-first, with Guild members acting as virtual co-producers who influence which films and television series are produced and distributed in theaters and on the Angel app.
Angel trades on the New York Stock Exchange under the ticker ANGX and is incorporated in Delaware. The company’s principal operations are associated with its media and technology platform, which focuses on the development, acquisition, and distribution of filmed entertainment and television series that it characterizes as values-driven or values-based. Angel has reported that it has released more than 40 films and 20 television series that, in its words, "amplify light." These include the theatrical release “Sound of Freedom”, which the company states earned more than 250 million dollars at the worldwide box office, and the comedy brand Dry Bar Comedy, which Angel reports has generated more than 6 billion views and attracted well-known comedians.
Business model and Angel Guild
Angel’s disclosures emphasize a community-driven model centered on the Angel Guild. The Guild consists of paying members who, according to the company, clearly express the kind of programming they want to see. Angel describes these members as virtual co-producers who help greenlight which films and television series are produced and distributed. Company filings and press releases state that the Angel Guild has become the company’s recurring revenue stream and that Guild members have grown into the millions.
Angel reports that the Guild contributes a substantial portion of total revenue and that growth in Guild membership has been accompanied by increased investment in original content and theatrical releases. The company’s communications describe strong audience engagement, measured in minutes watched and Guild member acquisitions tied to specific franchises on the Angel platform.
Content portfolio and franchises
Angel’s content portfolio spans theatrical films, animated features, scripted series, and comedy programming. The company highlights several key franchises and titles in its press releases and SEC filings:
- DAVID – an animated musical epic based on the biblical story of David, produced by Sunrise Animation Studios and distributed by Angel in partnership with 2521 Entertainment. Angel describes DAVID as one of its most highly anticipated films and has reported strong theatrical presales and box office milestones, including what it characterizes as the highest-grossing faith-based animated theatrical opening of all time and the best three-day theatrical opening in Angel’s history.
- The King of Kings – an animated film referenced by Angel as one of the top animated domestic theatrical releases in 2025 and as a prior benchmark for faith-based animated openings.
- Sound of Freedom – a theatrical film that Angel states earned more than 250 million dollars at the worldwide box office and is cited as a major success in its communications.
- Dry Bar Comedy – a comedy franchise that Angel reports has accumulated more than 6 billion views online and features comedians the company describes as some of the world’s best-known.
- Tuttle Twins – a family-focused animated series that Angel identifies as the most-watched television series on the Angel platform. The company describes it as exploring complex ideas such as freedom and responsibility through adventure and humor.
- Homestead – a post-apocalyptic thriller franchise on the Angel platform. Angel characterizes Homestead as one of its most powerful franchises and reports that it has driven significant viewing minutes and new Angel Guild member acquisitions.
- The Wingfeather Saga – an animated fantasy series based on Andrew Peterson’s bestselling books. Angel notes that it is one of the most successful crowdfunded family animated series and that it has raised substantial fan funding. The series streams on Angel platforms, and Angel has announced agreements to acquire its underlying production entity.
Angel has also announced an upcoming slate of theatrical releases that includes titles such as “I Was A Stranger”, “Solo Mio”, and “Young Washington”, which the company describes as covering a range of genres from biographical drama to romantic comedy. These projects are presented as part of Angel’s effort to broaden its film and television series slate while maintaining a focus on values-driven storytelling.
Angel platform and distribution
Angel’s public materials describe a distribution approach that combines theatrical releases with digital distribution on the Angel app and associated platforms. Films such as DAVID are released in theaters across the United States and, according to company press releases, in numerous international markets through local distribution partners. The Angel app is identified as the primary digital destination where Guild members and broader audiences can watch Angel’s series, films, and related content, including behind-the-scenes material and special events.
Angel also highlights special theatrical experiences, such as family sing-along events tied to DAVID, as part of its strategy to extend engagement around key releases. The company’s communications emphasize that exhibitor relationships and audience enthusiasm have supported expanded theatrical rollouts and strong presales for selected titles.
Growth, capital markets, and corporate structure
Angel Studios, Inc. is an emerging growth company under U.S. securities regulations. The company completed a business combination with Southport Acquisition Corporation, a special purpose acquisition company, and as a result began trading on the New York Stock Exchange under the symbol ANGX. Angel has since filed a shelf registration statement on Form S-3 and entered into an equity distribution agreement that allows it to offer and sell shares of Class A common stock in an at-the-market program, subject to the terms described in its SEC filings.
In its quarterly financial reporting, Angel has described rapid revenue growth and a significant increase in Angel Guild membership, while also reporting net losses associated with marketing, content investments, and costs related to its NYSE listing. The company has disclosed a credit facility with Trinity Capital and a treasury strategy that includes holding Bitcoin as a strategic reserve asset, as detailed in its financial statements.
Franchise ownership and acquisitions
Angel has pursued greater ownership of its highest-performing franchises. The company announced agreements to acquire intellectual property and production entities associated with several key series on its platform:
- Tuttle Twins – through a planned merger with Tuttle Twins Show, LLC, which produces the family-focused animated series distributed by Angel.
- The Wingfeather Saga – through a planned merger with Toothy Cow Productions, LLC, the production company behind the animated series.
- Homestead – through transactions to acquire the intellectual property associated with this thriller franchise.
- DAVID – through the acquisition of the DAVID franchise and intellectual property in partnership with 2521 Entertainment.
Angel describes these acquisitions as strengthening its control over successful original IP and reinforcing what it calls a vertically integrated, community-driven model. The company reports that these franchises have driven substantial viewing time and new Guild member sign-ups on the Angel platform.
Sector context
Within the motion picture and video content sector, Angel positions itself as focused on values-driven or values-based storytelling. Its communications repeatedly emphasize themes such as faith, hope, family, and resilience in connection with its projects. Angel’s strategy, as described in its own materials, is to align content decisions with feedback and ratings from the Angel Guild, using this community input to guide which projects move from development to production and distribution.
Stock Performance
Angel Studios (ANGX) closed at $3.73 on November 10, 2026. Over the past 12 months, the price has lost 33.7%.
ANGX Metrics & Rankings
Price returns through November 10, 2026. Month and year figures include the first trading day. Ranking links may use different dates.
Latest News
Angel Studios has 10 recent news articles, with the latest published today. Of the recent coverage, 2 articles coincided with positive price movement and 5 with negative movement. Key topics include earnings, conferences, partnership. View all ANGX news →
SEC Filings
Angel Studios has filed 10 recent SEC filings, including 7 Form 4, 2 Form 8-K, 1 Form 10-Q. The most recent filing was submitted on . SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all ANGX SEC filings →
Insider Radar
Insider buying activity at Angel Studios over the past 90 days may reflect management confidence in the company's direction. Institutional investors and analysts often monitor insider purchases as a potential bullish indicator for the stock.
Financial Highlights
Angel Studios generated $321.6M in revenue in FY2025, retaining a 61.2% gross margin, operating income reached -$164.1M (-51.0% operating margin), and net income was -$170.5M, reflecting a -53.0% net profit margin. Diluted earnings per share stood at -$1.10. The company generated -$83.3M in operating cash flow. The current ratio was 0.62, measuring current assets divided by current liabilities.
Upcoming Events
Q3 2026 Results Release
Q3 Results Webinar
ROTH Technology Conference
UBS Global Technology
Wells Fargo TMT Summit
ROTH Deer Valley Event
Wide U.S. theatrical release
Angel Studios has 7 upcoming scheduled events. The next event, "Q3 2026 Results Release", is scheduled for November 10, 2026 (today). 2 of them are earnings releases or calls. Investors can track these dates to stay informed about potential catalysts that may affect the ANGX stock price.
Short Interest History
Short interest in Angel Studios (ANGX) currently stands at 8.1 million shares, up 22.5% from the previous reporting period, representing 6.5% of the float. Since November 2025, short interest has increased by 382.4%.
Days to Cover History
Days to cover for Angel Studios (ANGX) currently stands at 4.9 days, up 68.6% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since November 2025, the figure has increased by 53.9%. Across the settlements charted above, it has ranged from 1.9 to 6.0 days.
ANGX Company Profile & Sector Positioning
Angel Studios (ANGX) operates in the Entertainment industry within the broader Communication Services sector and is listed on the NYSE.
Investors comparing ANGX often look at related companies in the same sector, including Reservoir Media, Inc. (RSVR), The Marcus Corporation (MCS), HUYA Inc. (HUYA), Starz Entertainment Corp. (STRZ), and iQIYI, Inc. (IQ). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate ANGX's relative position within its industry.
Angel (NYSE: ANGX) reported third-quarter 2026 revenue of $159.0 million, more than doubling sales from the same period last year. Revenue rose 107.7% year over year and 42.4% sequentially. Guild revenue reached $115.6 million, with 2.94 million paying members and approximately 335,000 net additions during the quarter. Gross margin increased to 63%, from 55% a year earlier.
Net loss narrowed to $5.2 million, versus $38.5 million a year earlier. Adjusted EBITDA, a supplemental non-GAAP earnings measure, was a $3.2 million loss. Angel reiterated its forecast for a full-year 2026 adjusted EBITDA loss of less than $25 million. Quarterly operating cash flow was positive $10.3 million. Cash totaled $45.6 million at September 30, while notes payable were $75.5 million. Completed acquisitions of Tuttle Twins and The Wingfeather Saga increased Class A shares by 9.4 million.