Angel Q3 2025 Earnings 280% Revenue Growth but 177.8% Wider Net Loss

Angel (ANGX), a media and technology company with 1.6 million Angel Guild members, reported fiscal 2025 Q3 earnings on Nov 13, 2025. The results marked a significant revenue surge but deepened losses, with the stock down 29.05% month-to-date amid investor concerns over profitability challenges.

Revenue

Angel’s total revenue skyrocketed 280.4% to $76.54 million in Q3 2025, driven by the Angel Guild’s 556% YoY growth to 1.6 million members. The guild accounted for 77% of total revenue ($59.2 million), reflecting strong demand for values-driven content.

Earnings/Net Income

Net losses widened to $38.61 million in Q3 2025, a 177.8% increase from $13.90 million in 2024. The per-share loss expanded to $0.25 from $0.10, underscoring elevated marketing and content expenses tied to guild expansion and theatrical releases. Despite robust revenue growth, the EPS of -$0.25 and widening net loss indicate a challenging quarter for Angel.

Post-Earnings Price Action Review

The stock price of Angel declined 1.50% during the latest trading day, plummeted 18.22% over the past week, and fell 29.05% month-to-date. The sharp selloff reflects investor concerns over the company’s profitability amid aggressive growth investments.

CEO Commentary

Neal Harmon, Co-Founder and CEO, emphasized the guild’s role in driving revenue growth and highlighted upcoming theatrical releases like David and I Was a Stranger. He acknowledged the net loss as a result of strategic investments in original content and marketing but expressed optimism about scaling the audience-first model.

Guidance

Angel outlined a slate of theatrical releases in late 2025 and early 2026, including David (Dec 19, 2025) and I Was a Stranger (Jan 9, 2026). The company plans to continue investing in values-driven series to sustain guild engagement, with no specific revenue targets provided.

Additional News

1. DAVID Franchise Acquisition: Angel acquired the DAVID franchise from Slingshot USA, set for a Dec 19, 2025, theatrical release.

2. $100M Credit Facility: The company secured a $100 million credit line with Trinity Capital to fund growth initiatives.

3. Theatrical Presales Record: DAVID earned $3 million in pre-sales in three weeks, the highest for an animated musical in Angel’s history.

Angel’s financials highlight a trade-off between rapid revenue growth and operational profitability. While the guild’s expansion drives top-line success, the path to sustained profitability remains uncertain amid high content and marketing costs.