Jun 2026 (Q2 FY26) — Aug 5, 2026
Angel Studios Q2 FY26 — Guild Growth Exceeds Expectations, Operating Leverage Improves
Read the full callAngel Studios (ANGX) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Angel Studios earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 112 | +27.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -16.6 | +7.8 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -23.8 | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown. |
Price
$3.53 +4.75% · +$0.16
Performance −49.5% 1Y
1Y: $6.99 on 17 Oct 2025 → $3.53. High $7.36 (20 Oct 2025), low $2.18 (10 Apr 2026).
- Previous close
- $3.37
- 52-week range
- $2.18 – $7.36
- One year
- −52.04%
Overview
- Symbol
- ANGX
- Sector
- Communication Services
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Angel Studios earnings calls (ANGX)
Financials
What the filings say
Net profit, year on year: −51% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 31 | 47 | 88 | 77 | 110 | 115 | 112 |
| Expenses | 35 | 60 | 81 | 109 | 115 | 181 | 118 | 130 |
| Operating profit | -15 | -1 | -34 | -21 | -38 | — | -3 | -19 |
| Operating margin | −75.3% | −2.1% | −70.8% | −24.3% | −49.8% | — | −2.3% | −16.6% |
| Other income | 1 | — | -4 | 6 | -1 | -8 | -11 | -5 |
| Interest | 0 | — | 2 | 3 | 4 | 4 | 6 | 3 |
| Profit before tax | -14 | -3 | -0 | -16 | -39 | — | -14 | -24 |
| Tax rate | 0.6% | −0.4% | −661.4% | 0.0% | — | — | — | — |
| Net profit | -14 | -3 | -37 | -16 | -39 | — | -14 | -24 |
| EPS ($ per share) | -0.10 | — | -0.26 | -0.11 | -0.25 | — | -0.08 | -0.13 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Equity capital | — | — | 0 | 0 |
| Reserves | -1 | -4 | -87 | -242 |
| Total liabilities | 2 | 6 | 95 | 267 |
| Fixed assets | — | — | 1 | 1 |
| Total assets | 238 | 47 | 111 | 241 |
| Line item | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Cash from operations | 0 | 15 | -51 | -83 |
| Cash from investing | -3 | -10 | -13 | -56 |
| Cash from financing | 0 | 9 | 46 | 176 |
Insider filings
43 filings between Nov 26, 2025 and Sep 11, 2026.
Open market
decisions to buy or sellPurchases
$6.84M
12 purchases by 3 insiders
Sales
None
No insider sold shares.
Compensation
not trading decisions- 17
- Option exercise — converted options into shares
- 1
- Tax withheld — shares kept back by the company to cover tax
Also filed: 6 gifts, 3 conversions, 2 other filings, 1 disposition to issuer, 1 option exercised.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Sarowitz Steven I | $5.64M | — | Sep 11, 2026 |
| Harmon Jeffrey | $948.7K | — | Aug 14, 2026 |
| Harmon Neal | $250.0K | — | Aug 14, 2026 |
Latest filings (45)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 11, 2026 | Sarowitz Steven I Director | Purchase | 88,647 | $472.6K |
| Sep 10, 2026 | Sarowitz Steven I Director | Purchase | 355,998 | $1.88M |
| Sep 9, 2026 | Sarowitz Steven I Director | Purchase | 132,639 | $657.1K |
| Sep 1, 2026 | Sarowitz Steven I Director | Purchase | 10,979 | $46.9K |
| Aug 14, 2026 | Sarowitz Steven I Director | Purchase | 57,922 | $246.8K |
| Aug 14, 2026 | Harmon Jeffrey Chief Content Officer | Purchase | 51,380 | $219.1K |
| Aug 14, 2026 | Harmon Neal Chief Executive Officer | Purchase | 29,193 | $125.0K |
| Aug 13, 2026 | Harmon Jeffrey Chief Content Officer | Purchase | 178,700 | $729.6K |
| Aug 13, 2026 | Harmon Neal Chief Executive Officer | Purchase | 29,036 | $125.0K |
| Aug 13, 2026 | Sarowitz Steven I Director | Purchase | 107,662 | $443.3K |
| Aug 12, 2026 | Sarowitz Steven I Director | Purchase | 246,153 | $912.3K |
| Jul 31, 2026 | Ellis Elizabeth Chief Operating Officer | Option exercise | 129,812 | $20.8K |
| Jul 23, 2026 | GAY ROBERT C Director | Option exercise | 2,648 | — |
| Jul 23, 2026 | Sarowitz Steven I Director | Option exercise | 2,648 | — |
| Jul 23, 2026 | Liljenquist Katie Director | Option exercise | 2,648 | — |
| Jul 23, 2026 | Crane Benton Deloss Director | Option exercise | 2,648 | — |
| Jun 29, 2026 | Harmon Neal Chief Executive Officer | Gift | 3,277,536 | — |
| Jun 29, 2026 | Harmon Jeffrey Chief Content Officer | Gift | 5,073,000 | — |
| Jun 29, 2026 | Harmon Jeffrey Chief Content Officer | Gift | 3,056,369 | — |
| Jun 29, 2026 | Harmon Jeffrey Chief Content Officer | Gift | 3,056,369 | — |
| Jun 29, 2026 | Harmon Neal Chief Executive Officer | Gift | 5,073,000 | — |
| Jun 29, 2026 | Harmon Neal Chief Executive Officer | Gift | 3,277,536 | — |
| May 22, 2026 | GAY ROBERT C Director | Option exercise | 5,296 | — |
| May 5, 2026 | Sarowitz Steven I Director | Purchase | 321,544 | $982.6K |
| Apr 23, 2026 | Ahlstrom Paul Director | Option exercise | 2,648 | — |
| Apr 23, 2026 | Crane Benton Deloss Director | Option exercise | 2,648 | — |
| Apr 23, 2026 | Liljenquist Katie Director | Option exercise | 2,648 | — |
| Apr 23, 2026 | Nguyen Trang T Director | Option exercise | 2,648 | — |
| Apr 23, 2026 | Sarowitz Steven I Director | Option exercise | 2,648 | — |
| Mar 6, 2026 | Oskoui Stephen D. 10% owner | Conversion | 57,770 | — |
| Feb 27, 2026 | Oskoui Stephen D. 10% owner | Tax withheld | 79,881 | $308.3K |
| Feb 27, 2026 | Oskoui Stephen D. 10% owner | Option exercise | 137,651 | $308.3K |
| Jan 26, 2026 | Sarowitz Steven I Director | Option exercise | 2,648 | — |
| Jan 23, 2026 | Crane Benton Deloss Director | Option exercise | 2,648 | — |
| Jan 23, 2026 | Liljenquist Katie Director | Option exercise | 2,648 | — |
| Jan 23, 2026 | Nguyen Trang T Director | Option exercise | 2,648 | — |
| Jan 23, 2026 | Ahlstrom Paul Director | Option exercise | 2,648 | — |
| Jan 15, 2026 | Ahlstrom Paul Director | Other | 210,406 | — |
| Jan 15, 2026 | Ahlstrom Paul Director | Other | 210,406 | — |
| Jan 15, 2026 | Ahlstrom Paul Director | Disposition to issuer | 3,424,756 | — |
| Dec 5, 2025 | Ellis Elizabeth Chief Operating Officer | Option exercised | 20,000 | $3.2K |
| Nov 26, 2025 | Crane Benton Deloss Director | Conversion | 200,000 | — |
| Nov 26, 2025 | Crane Benton Deloss Director | Conversion | 200,000 | — |
| Sep 12, 2025 | Oskoui Stephen D. 10% owner | Conversion | 53,504 | — |
| Sep 11, 2025 | Taylor Seth Chief Experience Officer | Purchase | 11 | $193 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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