Angel 2025 Q3 Earnings 280.4% Revenue Surge Amidst Wider Net Loss

Angel (ANGX), ranked by market capitalization, reported its fiscal 2025 Q3 earnings on Nov 13th, 2025, showcasing a dramatic revenue surge but deepening losses. The results reflect aggressive growth in recurring revenue and strategic acquisitions, though investors remain cautious amid expanded operating costs and a significant net loss.

Revenue

Angel’s total revenue soared 280.4% year-over-year to $76.54 million in Q3 2025, driven by a 556% surge in recurring revenue from the Angel Guild, which accounted for 77% of total revenue. The Guild’s membership grew to 1.6 million, up 620% year-over-year, while the nine-month revenue for 2025 reached $211.6 million, a 223% increase. The company’s NYSE debut on September 11, 2025, and theatrical releases like DAVID further fueled demand for original content.

Earnings/Net Income

The company’s losses widened significantly, with a net loss of $38.61 million in Q3 2025, a 177.8% increase from $13.90 million in 2024 Q3. Earnings per share turned to -$0.25, a 146% wider loss compared to -$0.10 in the prior year. The expanded losses were attributed to higher marketing, content, and acquisition costs, including one-time expenses from the NYSE listing. The significantly wider net loss underscores the challenges of scaling operations and recent acquisitions.

Price Action

Following the earnings report, Angel’s stock price declined 1.50% during the latest trading day, with a steeper 18.22% drop over the past week and a 29.05% monthly decline. The sharp sell-off reflects market skepticism about the company’s ability to convert rapid revenue growth into profitability, despite its expanding subscriber base and content library.

CEO Commentary

Neal Harmon, CEO of Angel, emphasized that the acquisitions of Tuttle Twins, Homestead, and The Wingfeather Saga align with the company’s mission to deliver values-driven storytelling. He highlighted the disciplined funding approach, allocating $116.5 million in cash and stock to balance creative expansion with shareholder value.

Guidance

Angel did not provide explicit forward-looking financial guidance but outlined strategic priorities, including acquiring high-performing intellectual property to strengthen its community-driven model. The CEO reiterated the focus on long-term franchise ownership and platform engagement.

Additional News

1. Acquisitions: Angel acquired three high-performing series—Tuttle Twins, Homestead, and The Wingfeather Saga—for $116.5 million in cash and stock, aiming to bolster platform engagement and franchise value.

2. New Franchise: The company announced the acquisition of the DAVID animated franchise, set for a December 19, 2025, theatrical release, with presales reaching $3 million in three weeks.

3. Capital Raise: Angel secured a $100 million credit facility with Trinity Capital to fund growth initiatives, reflecting investor confidence in its long-term strategy despite short-term losses.