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. executive Jeffrey Harmon, Chief Content Officer, reported open-market or private purchases of the company’s Class A Common Stock. On August 13, 2026, he purchased 178,700 shares at a weighted average price of $4.0828 per share, through multiple transactions at prices ranging from $3.8400 to $4.3390. On August 14, 2026, he purchased an additional 51,380 shares at a weighted average price of $4.2646 per share, in multiple transactions between $4.2050 and $4.3755. All reported holdings are held directly, and total purchases disclosed in this filing amount to 230,080 shares.
Angel Studios director Steven I. Sarowitz purchased 57,922 shares of Angel Studios, Inc. Class A Common Stock in an open-market or private transaction on 2026-08-14 at a weighted average price of $4.261 per share, with individual trade prices ranging from $4.20 to $4.30. Following this transaction, he directly holds 741,225 Class A shares. The transaction was reported as a non-derivative purchase and was not made under a Rule 10b5-1 trading plan.
Angel Studios, Inc. director Steven I. Sarowitz reported open-market or private purchases of Class A Common Stock. On August 12, 2026, he purchased 246,153 shares at a weighted average price of $3.7063 per share, with individual trade prices ranging from $3.6500 to $3.7650. On August 13, 2026, he purchased an additional 107,662 shares at a weighted average price of $4.1173 per share, with trade prices ranging from $3.7300 to $4.2000. In total, the filing reports purchases of 353,815 shares of Class A Common Stock held directly.
Angel Studios, Inc. reports that Chief Executive Officer Neal Harmon purchased 29,035.659 shares of Class A Common Stock on 2026-08-13 in an open-market or private transaction. The weighted average purchase price was $4.3053 per share, with individual trades executed between $4.2650 and $4.3400 per share. Following this purchase, Harmon directly holds 55,530.659 shares of Angel Studios Class A Common Stock.
Angel Studios, Inc. plans to acquire all equity interests of Tuttle Twins Show, LLC and Toothy Cow Productions, LLC through stock-for-unit mergers, registering 10,156,413 shares of Class A common stock as merger consideration, with additional cash only for certain TTS investors. The TCP unitholders will receive stock based on a fixed aggregate TCP stock pool and each holder’s adjusted percentage interest, while TTS investors and key operators will receive fixed per-unit cash and/or stock amounts. The deals are subject to Target holder approvals, regulatory clearances and other customary conditions, and must close by October 31, 2026 or the agreements may be terminated.
The company warns of risks including possible failure to qualify the mergers as tax-free “reorganizations” under Section 368(a), potential adverse business disruption if the mergers are delayed or not completed, integration challenges, and approximately $1,651,726 of non‑recurring transaction costs. Angel Studios reports rapid growth but continued losses, with revenue of $226.8M and a net loss of $37.6M for the six months ended June 30, 2026. After closing, former Target holders are expected to own about 7.24% of roughly 140.3M outstanding Class A shares.
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.