Angi Inc. ANGI
Angi Inc. connects quality home professionals ("Pros") with consumers across more than 500 different categories, from repairing and remodeling homes to cleaning and landscaping. There were approximately 111,000 Average Monthly Active Pros (as defined below) during the three months ended December 31, 2025. Additionally, consumers turned to at least one of our businesses to find a Pro for approximately 16 million projects during the twelve months ended December 31, 2025.
During the first quarter of 2025, the Company updated its segment reporting structure from "Ads and Leads", "Services", and "International" to "Domestic" and "International" to better reflect how it manages its business and how management evaluates performance and allocates resources. During the fourth quarter of 2025, the Company changed the name of its "Domestic" segment to "U.S." segment. The change reflects an updated naming convention and did not result in any change to the composition of the segment or how the Company evaluates its performance in the current year as well as prior periods. The naming convention for prior periods has been conformed to the current period. The change had no impact on the Company's consolidated financial statements. As a result of these updates, the Company now has the following two operating segments: (i) U.S. and (ii) International (consisting of businesses in Europe and Canada). The Company continues to operate under multiple brands including Angi, Angie's List, HomeAdvisor, and Handy.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.19B | $1.36B | $1.76B | $1.62B | $1.47B | $1.33B | $1.13B | $736.4M | $498.9M |
| Cost of revenue | $47.4M | $57.6M | $62.5M | $337.4M | $274.7M | $173.3M | $46.5M | $55.7M | $34.1M | $25.9M |
| Gross profit | $983.1M | $1.13B | $1.30B | $1.43B | $1.34B | $1.29B | $1.28B | $1.08B | $702.3M | $473.0M |
| R&D | $87.4M | $95.4M | $96.5M | $73.8M | $70.9M | $68.8M | $64.2M | $61.1M | $47.9M | $20.6M |
| SG&A | $262.9M | $320.0M | $359.4M | $447.1M | $395.0M | $374.1M | $348.2M | $323.5M | $300.4M | $110.1M |
| Total operating expenses | $917.7M | $1.11B | $1.32B | $1.50B | $1.41B | $1.30B | $1.29B | $1.07B | $884.3M | $474.8M |
| Operating income | $65.4M | $21.9M | -$26.5M | -$75.6M | -$67.9M | -$6.4M | $38.6M | $63.9M | -$147.9M | $24.1M |
| Interest expense | $20.5M | $20.2M | $20.1M | $20.1M | $23.5M | $14.2M | $11.5M | $11.6M | $1.8M | $0 |
| Pre-tax income | $62.5M | $20.1M | -$28.2M | -$94.6M | -$93.9M | -$19.3M | $33.6M | $70.0M | -$153.6M | $22.5M |
| Income tax | $18.7M | $16.8M | $1.8M | $5.4M | $29.9M | $15.2M | $1.7M | $7.5M | $49.1M | $11.8M |
| Net income | $43.8M | $36.0M | -$40.9M | -$128.4M | -$71.4M | — | — | $77.5M | — | — |
| EPS, basic | 0.96 | 0.72 | -0.81 | -0.26 | -0.14 | -0.01 | 0.07 | 0.16 | -0.24 | 0.03 |
| EPS, diluted | 0.94 | 0.71 | -0.81 | -0.26 | -0.14 | -0.01 | 0.07 | 0.15 | -0.24 | 0.03 |
| Shares, diluted (wtd. avg.) | $46.5M | $50.7M | $50.6M | $503.0M | $502.8M | $498.2M | $517.9M | $513.6M | $430.6M | $414.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $303.7M | $416.4M | $364.0M | $321.2M | $428.1M | $812.7M | $390.6M | $338.8M | $221.5M | $36.4M |
| Short-term investments | — | — | — | $0 | $0 | $50.0M | — | $24.9M | — | — |
| Receivables | $33.1M | $36.7M | $51.1M | $72.0M | $86.3M | $43.1M | $41.7M | $27.3M | $28.1M | $18.7M |
| Total current assets | $366.4M | $495.1M | $487.2M | $484.2M | $585.0M | $977.8M | $500.0M | $474.1M | $262.4M | $63.8M |
| Property, plant and equipment | $99.1M | $79.6M | $109.5M | $152.6M | $118.3M | $108.8M | $103.4M | $70.9M | $53.3M | $23.6M |
| Goodwill | $890.1M | $883.4M | $886.0M | $882.9M | $916.0M | $891.8M | $884.0M | $894.7M | $770.2M | $171.0M |
| Other intangibles | $167.1M | $167.7M | $170.8M | $178.1M | $193.8M | $209.7M | $251.7M | $304.3M | $328.6M | $10.8M |
| Total assets | $1.68B | $1.83B | $1.86B | $1.91B | $2.01B | $2.37B | $1.92B | $1.81B | $1.47B | $295.5M |
| Accounts payable | $34.0M | $18.3M | $29.5M | $30.4M | — | — | — | — | — | — |
| Short-term debt | — | — | — | — | — | $0 | $13.8M | $13.8M | $13.8M | $0 |
| Total current liabilities | $222.4M | $231.7M | $258.7M | $281.8M | $278.4M | $233.7M | $215.0M | $201.2M | $171.0M | $67.6M |
| Long-term debt | $497.7M | $496.8M | $496.0M | $495.3M | $494.6M | $712.3M | $231.9M | $245.0M | $258.3M | $0 |
| Retained earnings | -$150.9M | -$195.0M | -$231.0M | -$190.1M | -$61.6M | $9.7M | $16.0M | -$18.8M | -$121.8M | $0 |
| Total equity | $927.4M | $1.06B | $1.04B | $1.05B | $1.15B | $1.28B | $1.32B | $1.32B | $1.00B | $162.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $105.1M | $155.9M | $94.2M | $46.4M | $24.6M | $188.4M | $214.2M | $223.7M | $41.8M | $47.9M |
| Depreciation and amortisation | $45.3M | $86.1M | $93.6M | $77.5M | $59.0M | $52.6M | $39.9M | $24.3M | $14.5M | $8.4M |
| Stock-based compensation | $14.8M | $34.8M | $43.4M | $50.8M | $28.2M | $83.6M | $68.3M | — | — | — |
| Capital expenditure | $59.6M | $50.5M | $47.8M | $115.5M | $69.9M | $52.5M | $68.8M | $47.0M | $26.8M | $16.7M |
| Investing cash flow | -$59.5M | -$50.4M | -$46.6M | -$115.3M | -$19.4M | -$104.0M | -$40.6M | -$57.6M | -$93.2M | -$32.3M |
| Financing cash flow | -$158.3M | -$53.8M | -$17.0M | -$17.2M | -$345.2M | $337.1M | -$121.5M | -$49.0M | $224.7M | $29.0M |
| Buybacks | $150.1M | $28.6M | $11.1M | $8.1M | $36.0M | $64.1M | $57.9M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-050416.
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