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Angel Studios, Inc.

For the period ended Sep 30, 2025. Filed Nov 13, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 13, 2025

ANGX$3.69+8.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Table of Contents

FORM 10-Q

September 30, 2025

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PART I – FINANCIAL INFORMATION​
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Item 1.Financial Statements3
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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations26
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Item 3.Quantitative and Qualitative Disclosures about Market Risk38
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Item 4.Controls and Procedures39
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PART II – OTHER INFORMATION​
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Item 1.Legal Proceedings40
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Item 1A.Risk Factors43
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Item 2.Unregistered Sales of Equity Securities and Use of Proceeds62
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Item 3.Defaults Upon Senior Securities62
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Item 4.Mine Safety Disclosures62
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Item 5.Other Information63
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Item 6.Exhibits64
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SIGNATURES​66
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.