Welcome to our dedicated page for Angel Studios SEC filings (Ticker: ANGX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Angel Studios, Inc. filings document the company’s operating results, material events, governance matters, and capital-structure disclosures as a public media and technology issuer. Recent 8-K reports furnish quarterly and annual financial results, operational highlights, Angel Guild disclosures, content-related updates, and Regulation FD communications.
The company’s SEC record also includes material-agreement disclosures involving credit facility amendments and obligations assumed after its completed business combination. Proxy and governance materials address shareholder voting matters, board and governance topics, material agreements, operating and financial results, and capital-structure information relevant to ANGX’s public-company reporting.
Angel Studios, Inc. director and CEO Neal Harmon filed an amended Schedule 13D updating his ownership and recent estate-planning moves involving the company’s dual-class stock. He is deemed to beneficially own 17,344,753 shares of common stock (including Class B on an as-converted basis), representing 11.8% of the outstanding common stock, and approximately 24.7% of the voting power due to the 10-votes-per-share Class B structure.
Harmon directly holds Class A and Class B shares plus options exercisable within 60 days, and may receive additional equity under company incentive plans. On June 29, 2026, he made bona fide gifts of 5,073,000 Class B shares to The Angel Mission Trust, a Delaware noncharitable purpose trust, and 3,277,536 Class B shares to irrevocable estate-planning trusts for immediate family members, receiving no consideration. A recently filed Amended Charter allows transfers of Class B shares to specified trusts without automatic conversion, preserving associated voting power within these trust structures.
Angel Studios, Inc. insider Jeffrey Harmon amended his beneficial ownership report for Class A Common Stock. He reports aggregate beneficial ownership of 17,532,335 shares, or approximately 11.9% of the company’s outstanding Common Stock, including Class B shares convertible into Class A on a one-for-one basis.
Because each Class B share carries ten votes, Harmon states he may be deemed to control approximately 24.6% of the voting power in director elections. On June 29, 2026, he made bona fide gifts of 5,073,000 Class B shares to The Angel Mission Trust and 3,056,369 Class B shares to estate-planning trusts, following an amended charter that allows such transfers without automatic conversion. He characterizes his holdings as for investment and employment incentive purposes and indicates he may buy, sell, or receive additional equity compensation over time.
Angel Studios, Inc. reported Q2 2026 revenue of $111,705,930 and six‑month revenue of $226,810,996, up from $87,641,416 and $135,082,056 a year earlier. The company remained unprofitable, with a Q2 net loss of $23,794,026 and a six‑month net loss of $37,550,082, or $0.213 per basic and diluted share.
Cash and cash equivalents were $48,036,965 as of June 30, 2026, and operating activities provided $18,827,445 of cash for the first half. Total assets were $235,062,489 against total liabilities of $264,391,901, resulting in negative stockholders’ equity of $29,329,412. Notes payable had a carrying amount of $74,400,000, including a 15.00% convertible note and term loans bearing at least 13.50% interest. The company held 303.1 bitcoin with a carrying value of $17,747,262 and recorded a six‑month net loss on digital assets of $8,780,298.
Angel Guild memberships are the primary revenue driver, generating $174,063,193 in the first half and supporting $81,300,000 of related deferred revenue. Management expects existing capital, recurring membership revenues, access to debt facilities, and potential bitcoin sales to meet operating requirements for at least twelve months. The company continues to pursue content expansion through IP purchases, equity‑method investments, pending mergers for the Wingfeather Saga and Tuttle Twins franchises, and maintains film‑related guarantees with an Angel Backstop liability of $283,848 on $6,465,720 of guaranteed loans.
Angel Studios reported strong second-quarter 2026 growth driven by its Angel Guild subscription community. Total revenue rose 27.5% year-over-year to $111.7 million, while Guild revenue grew 93.8% to $90.7 million and accounted for about 81.2% of revenue. Paying Guild members reached 2.61 million, up 99.2% from a year earlier, and exceeded 2.85 million as of July 31, 2026.
Profitability was mixed. Gross margin declined to about 54% from 69%, reflecting less high-margin theatrical revenue, and net loss widened to approximately $23.8 million (loss of $0.129 per share). However, operating loss narrowed to $18.5 million, Adjusted EBITDA loss improved to roughly $11.7 million, and operating cash flow turned positive at $16.9 million versus a $(10.6) million outflow last year. Cash and equivalents were $48.0 million at June 30, 2026, and the company reiterated guidance to limit full-year 2026 Adjusted EBITDA loss to no more than $25 million, supported by seven planned theatrical releases in the second half of 2026.
Angel Studios, Inc. Chief Operating Officer Elizabeth Ellis exercised stock options on July 31, 2026 to acquire 129,812 shares of Class B Common Stock at $0.16 per share. The fully vested options were scheduled to expire on August 10, 2026. After the exercise, she directly holds 283,573 Class B shares.
Angel Studios, Inc. director Steven I. Sarowitz reported the vesting and conversion of 2,648 Restricted Stock Units into an equal number of Class A Common shares on July 23, 2026. His direct common-share holdings are 329,488 shares after the transaction, and he holds 2,649 RSUs granted under the 2025 Long-Term Incentive Plan, which vest in substantially equal quarterly increments over a one-year period beginning October 23, 2025. The filing indicates these transactions were not executed under a Rule 10b5-1 trading plan.
Angel Studios, Inc. director Robert C Gay reported the vesting and conversion of 2,648 Restricted Stock Units into the same number of shares of Class A common stock on July 23, 2026. After this conversion under the 2025 Long-Term Incentive Plan, he holds 7,944 common shares and 2,649 RSUs.
Angel Studios, Inc. director Katie Liljenquist reported the vesting and automatic conversion of 2,648 Restricted Stock Units into an equal number of Class A Common Stock shares on July 23, 2026. Following this RSU conversion, she directly held 58,297 Class A shares and 2,649 RSUs.
Angel Studios director Crane Benton Deloss reported the vesting and automatic conversion of 2,648 Restricted Stock Units into an equal number of shares of Class A Common Stock on July 23, 2026.
The RSUs were granted under the issuer's 2025 Long-Term Incentive Plan, effective October 23, 2025, and vest in substantially equal quarterly increments over a one-year period. Following this conversion, Deloss directly holds 207,944 shares of Class A Common Stock and 2,649 RSUs, each RSU convertible into one share of common stock.
Angel Studios, Inc. Chief Content Officer Jeffrey Harmon reported bona fide gifts totaling 11,185,738 shares of Class B Common Stock on June 29, 2026. The gifts include 5,073,000 shares to an irrevocable Delaware noncharitable purpose trust and 3,056,369 shares to irrevocable family estate-planning trusts, all at a stated price of $0.00 per share. The footnotes state he received no consideration, and he disclaims beneficial and pecuniary interest in the transferred shares. After these transactions, he reports 13,782,019 Class B shares held directly and 3,056,369 shares held indirectly through estate-planning trusts.