Angel 2025 Q3 Earnings Net Loss Widens 177.8% Amid Revenue Surge

Angel (ANGX), ranked by market capitalization, reported its fiscal 2025 Q3 earnings on Nov 13, 2025. The results highlight a 280.4% revenue surge to $76.54 million but a deepening net loss of $38.61 million, driven by high marketing and content costs. CEO Neal Harmon emphasized optimism around the Angel Guild’s growth, despite the financial challenges.

Revenue

The Angel Guild, contributing 77% of total revenue, saw a 556% YoY growth to $59.2 million, propelling overall revenue to $76.54 million—a 280.4% increase from $20.12 million in 2024 Q3. This expansion reflects strong demand for values-driven content and theatrical releases.

Earnings/Net Income

Angel’s losses widened to $0.25 per share in 2025 Q3, a 146% deeper loss than $0.10 per share in 2024 Q3. The net loss ballooned to $38.61 million, a 177.8% increase from $13.90 million in 2024 Q3. Despite robust revenue growth, the net loss underscores challenges in managing expenses tied to scaling operations.

Price Action

The stock has declined 1.50% in the latest trading day, 18.22% weekly, and 29.05% month-to-date.

CEO Commentary

Neal Harmon highlighted the Angel Guild’s 556% YoY revenue growth and 620% membership increase to 1.6 million, driving content production. Upcoming releases like David and I Was a Stranger are expected to boost engagement, though high costs remain a hurdle. The company’s $100M credit facility and $34.5M in Bitcoin reserves signal liquidity confidence.

Guidance

Angel plans to sustain investments in content and marketing to fuel Angel Guild growth. Key releases include David (Dec 19, 2025) and Tuttle Twins. Management remains optimistic about the audience-first model’s scalability but provided no specific financial targets.

Post-Earnings Price Action Review

Angel’s stock has faced a sharp sell-off post-earnings, with a 1.50% decline in the latest trading day. The sell-off intensified over the week, with a 18.22% drop, and has worsened month-to-date to a 29.05% decline. While the revenue surge demonstrates strong demand for the company’s content, the widening net loss and elevated expenses have weighed on investor sentiment. The stock’s performance reflects concerns about the company’s ability to balance growth investments with profitability, despite the CEO’s confidence in the Angel Guild’s long-term potential.

Additional News

Angel recently acquired the DAVID franchise from Slingshot USA, an animated film set for a Dec 19, 2025, theatrical release. The acquisition aligns with the company’s focus on values-driven storytelling. Additionally, Angel closed a $100 million credit facility with Trinity Capital, bolstering liquidity for operations and growth. The Angel Guild’s membership growth to 1.6 million members, up 620% YoY, underscores the platform’s expanding influence in shaping content.