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Angel Studios (ANGX) R&D spending by quarter

Angel Studios' R&D spending was $4.0M in Q2 2026 (second quarter 2026), -2% from Q1 2026. Over the last 5 quarters it ranged from $3.2M (Q1 2025) to $4.2M (Q3 2025).

Angel Studios R&D spending by quarterAngel Studios R&D spending by quarter$3.2MQ1 2025$4.2MQ3 2025$4.2MQ4 2025$4.1MQ1 2026$4.0MQ2 2026
QuarterR&D spendingQ/QY/Y
Q2 2026$4.0M-2%—
Q1 2026$4.1M-3%+26%
Q4 2025$4.2M-0.5%—
Q3 2025$4.2M+30%—
Q1 2025$3.2M——

Q2 2026 at a glance

Angel Studios, Q2 2026: revenue $112M (+28% year over year), operating margin -16.6%, net loss $23.8M, operating cash flow $16.9M. The chart follows the revenue to costs, profit and cash.

Questions

What is Angel Studios' R&D spending?

Angel Studios' R&D spending was $4.0M in Q2 2026 (second quarter 2026), -2% from Q1 2026.

How has Angel Studios' R&D spending changed?

Over the last 5 quarters it ranged from $3.2M (Q1 2025) to $4.2M (Q3 2025).

Q2 2026 results → · How Angel Studios makes money →