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Get filing alertsAngel Studios pre-announces Q1 revenue of $105-109M with $4-6M operating loss
Filed April 10, 2026 · Period ending April 10, 2026 · ~1 min read
Key Changes
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Item 2.02 view on EDGAR →
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Adjusted EBITDA projected at negative $4M to $6M for the quarter, indicating core operations ran at a loss despite revenue generation.
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Preliminary estimates may change as quarter-end accounting procedures complete; full audited results will be released during May 2026 earnings call.
Item 2.02 view on EDGAR →
Summary
Angel Studios pre-announced first quarter 2026 financial results ahead of its formal earnings release, projecting revenue of $105-109 million but an operating loss of $4-6 million on an adjusted EBITDA basis. While the revenue figure provides visibility into the quarter's top-line performance, the negative EBITDA indicates the company's core operations consumed cash rather than generated profit during the period.
These are preliminary, unaudited estimates that could shift as accounting close procedures wrap up. Retail investors should note this is a pre-announcement, not final results. The company will report complete, audited financials during its May earnings call.
Watch for any material adjustments to these preliminary figures when final results are released, and pay attention to management's explanation of what drove the operating loss and their plan to return to profitability. The gap between revenue generation and profitability will be a key focus area in the upcoming earnings discussion.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Angel Studios pre-announced Q1 2026 revenue of $105-109M with negative Adjusted EBITDA of $(4.0)M to $(6.0)M.
Added in current filing · verify on EDGAR →
Adjusted EBITDA (as defined below) for the first quarter of 2026 in the range of $(4.0) million to $(6.0) million
Adjusted EBITDA excludes interest, taxes, depreciation, amortization, stock compensation, gain/loss on digital assets, and exceptional items. This indicates the company's core operations are expected to be unprofitable in the quarter.
Added in current filing · verify on EDGAR →
These preliminary financial estimates are based on the Company’s current expectations and may be adjusted as a result of, among other things, the completion of customary quarter-end close review procedures and financial review.
The company cautioned that these preliminary estimates may change as quarter-end close procedures are completed and financial review is conducted. Material adjustments could be required during preparation of the full financial statements for the three months ended March 31, 2026.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 3, 2026 · How we verify