Angel Studios (NYSE: ANGX) updates DAVID presales at about $14M ahead of Dec 19 debut

Rhea-AI Filing Summary

Angel Studios, Inc. reports that theatrical presales for its upcoming animated musical DAVID have reached approximately $14 million as of December 16, 2025.

The company had previously disclosed that DAVID generated nearly $3 million in theatrical presales during its first three weeks on sale, and that by November 26, 2025, presales had increased to nearly $6 million alongside an expanded international theatrical rollout across 43 markets.

The company states that the continued rise in presales reflects exhibitor participation and audience demand ahead of the film’s nationwide theatrical release scheduled for December 19, 2025, while cautioning that presales are advance ticket purchases, are not recognized revenue, and that actual box office results may differ due to factors such as audience attendance, competing releases, market conditions, and other risks.

Insights

Media & Entertainment Analyst

Growing DAVID presales highlight audience interest but financial impact depends on final box office results and presales not counting as current revenue.

Angel Studios reports that theatrical presales for its animated musical DAVID have climbed to about $14 million as of December 16, 2025. Earlier updates cited nearly $3 million in the first three weeks on sale and nearly $6 million by November 26, 2025, along with an expanded international rollout across 43 markets.

These figures indicate increasing advance ticket purchases and ongoing engagement from exhibitors and audiences ahead of the nationwide theatrical release scheduled for December 19, 2025. However, the company explicitly notes that presales are advance ticket purchases and do not constitute recognized revenue, so they do not immediately change reported earnings.

The company also emphasizes that actual box office performance may differ materially from presale levels, pointing to audience attendance, competitive releases, market conditions, and other risks as key factors. Future financial impact will therefore depend on how DAVID performs once it is in theaters, not solely on current presale momentum.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

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Date of Report (Date of earliest event reported): December 16, 2025

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Angel Studios, Inc.

(Exact Name of Registrant as Specified in Its Charter)

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Delaware	​ ​ ​	001-41150	​ ​ ​	86-3483780
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(I.R.S. Employer Identification No.)

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295 W Center St.
Provo, UT 84601

(Address of principal executive offices)

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(760) 933-8437

(Registrant’s telephone number, including area code)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share	ANGX	The New York Stock Exchange

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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Emerging growth company ☒

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 7.01  Regulation FD Disclosure

As of the date of this report, theatrical presales for Angel Studios, Inc.’s (“Angel” or the “Company”) upcoming animated musical DAVID totaled approximately $14 million.

The Company previously disclosed in a November 13, 2025 press release that DAVID had generated nearly $3 million in theatrical presales during its first three weeks on sale. On November 26, 2025, the Company further disclosed in a subsequent press release that theatrical presales for DAVID had increased to nearly $6 million, alongside the announcement of an expanded international theatrical rollout across 43 markets.

The continued increase in theatrical presales reflects sustained exhibitor participation and audience demand ahead of the film’s nationwide theatrical release scheduled for December 19, 2025.

The information provided under this Item 7.01 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act, or the Exchange Act except as shall be expressly set forth by specific reference in such filing.  

Cautionary Note Regarding Forward-Looking Statements

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The Company cautions that theatrical presales represent advance ticket purchases and do not constitute recognized revenue. Actual box office performance may differ materially from presale figures and is subject to a number of factors, including audience attendance, competitive releases, market conditions, and other risks.

This Current Report on Form 8-K contains forward-looking statements within the meaning of the federal securities laws, including statements regarding anticipated theatrical performance and the timing and success of the release of DAVID. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause such differences are described in the Company’s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update them.

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SIGNATURE

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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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​	ANGEL STUDIOS, INC.
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Date: December 16, 2025	By:	/s/ Scott Klossner
​	​	Scott Klossner
​	​	Chief Financial Officer

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FAQ

What did Angel Studios (ANGX) disclose about DAVID theatrical presales?

Angel Studios disclosed that theatrical presales for its upcoming animated musical DAVID totaled approximately $14 million as of December 16, 2025.

How have DAVID presales for Angel Studios (ANGX) changed over time?

The company previously reported nearly $3 million in DAVID presales during the first three weeks on sale, increasing to nearly $6 million by November 26, 2025, and reaching about $14 million as of December 16, 2025.

When is Angel Studios animated musical DAVID scheduled for nationwide release?

Angel Studios states that DAVID is scheduled for a nationwide theatrical release on December 19, 2025.

Do DAVID theatrical presales count as revenue for Angel Studios (ANGX)?

No. The company cautions that theatrical presales are advance ticket purchases and do not constitute recognized revenue.

What risks could cause DAVID box office results to differ from presales at Angel Studios (ANGX)?

The company notes that actual box office performance may differ materially from presale figures due to factors such as audience attendance, competitive releases, market conditions, and other risks described in its SEC reports.

What does Angel Studios say the rising DAVID presales reflect?

Angel Studios states that the continued increase in DAVID presales reflects sustained exhibitor participation and audience demand ahead of the nationwide theatrical release.