Angi
ANGINASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $6.60 Prior regular-session close from the quote source.
- $6.46–$6.83 Regular-session low and high so far today.
- 647.2K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $4.26–$14.58 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own ANGI if recent profit improvement proves to be a leaner, durable marketplace rather than cost-cutting inside a shrinking lead-generation franchise.
ANGI price history
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Investment thesis
What must happen next
Service professionals continue to view Angi’s homeowner demand as a high-return customer-acquisition channel, allowing the marketplace to stabilize after pruning low-quality volume.WeakeningMateriality: High
FY2025 annual GAAP revenue was $1.0305 billion, showing Angi still monetizes material homeowner and service-professional activity. If pro ROI holds, revenue can stabilize without sacrificing profitability; if it breaks, Angi becomes a melting lead-gen asset.
Watch: Google Local Services captures high-intent homeowner searches before they reach Angi.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP revenue was $1.0305 billion, showing Angi still monetizes material homeowner and service-professional activity.
Open source ↗Angi’s digital matching and advertising model remains structurally asset-light, so recovered demand should carry high incremental gross profit rather than requiring Angi to assume job-level fulfillment risk.StrengtheningMateriality: High
FY2025 annual GAAP gross_profit was $983.1 million on FY2025 annual GAAP revenue of $1.0305 billion. High gross profit is what makes even modest revenue stabilization valuable; a shift toward lower-margin fulfillment would weaken the whole turnaround.
Watch: Angi has to guarantee completed jobs, absorb refunds, or take contractor performance risk to keep homeowners using the platform.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
FY2025 annual GAAP gross_profit was $983.1 million on FY2025 annual GAAP revenue of $1.0305 billion.
Open source ↗Management’s cost reset can create durable operating leverage only if marketing, product, and sales cuts do not hollow out homeowner traffic or pro acquisition.HoldingMateriality: Medium
Annual GAAP operating_income improved from a $75.6 million loss in FY2022 to a $26.5 million loss in FY2023, then to $21.9 million income in FY2024 and $65.4 million income in FY2025. Owners need profit growth that survives a revenue recovery attempt, not earnings created by underinvesting in the marketplace.
Watch: Reduced search marketing causes Angi to lose high-intent homeowner demand to Google Local Services or organic search competitors.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Annual GAAP operating_income improved from a $75.6 million loss in FY2022 to a $26.5 million loss in FY2023, then to.
Open source ↗Angi’s cash position gives it room to fund marketplace improvements and withstand cyclically weak home-services demand without relying on dilutive capital.StrengtheningMateriality: Medium
Cash was $303.7 million at FY2025 year-end. A cash cushion lets the company fix the marketplace from a position of control; cash burn or poor capital allocation would transfer value away from shareholders.
Watch: A housing or remodeling downturn reduces homeowner demand and forces renewed cash-consuming marketing spend.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Cash was $303.7 million at FY2025 year-end.
Open source ↗The turnaround must convert marketplace efficiency into durable per-share earnings, not merely into accounting profit helped by temporary cuts or share-count effects.StrengtheningMateriality: Medium
Annual GAAP eps_diluted improved from negative $0.26 in FY2022 and negative $0.81 in FY2023 to positive $0.71 in FY2024 and positive $0.94 in FY2025. Shareholders are paid on per-share economics; if EPS improvement stalls or reverses, the turnaround multiple should compress.
Watch: Competitive pressure forces reinvestment that reduces earnings before revenue growth returns.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
Annual GAAP eps_diluted improved from negative $0.26 in FY2022 and negative $0.81 in FY2023 to positive $0.71 in FY2024 and.
Open source ↗
Full investment case & evidence
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Original research
Service professionals continue to view Angi’s homeowner demand as a high-return customer-acquisition channel, allowing the marketplace to stabilize after pruning low-quality volume. If pro ROI holds, revenue can stabilize without sacrificing profitability; if it breaks, Angi becomes a melting lead-gen asset.
Angi’s digital matching and advertising model remains structurally asset-light, so recovered demand should carry high incremental gross profit rather than requiring Angi to assume job-level fulfillment risk. High gross profit is what makes even modest revenue stabilization valuable; a shift toward lower-margin fulfillment would weaken the whole turnaround.
Management’s cost reset can create durable operating leverage only if marketing, product, and sales cuts do not hollow out homeowner traffic or pro acquisition. Owners need profit growth that survives a revenue recovery attempt, not earnings created by underinvesting in the marketplace.
Angi’s cash position gives it room to fund marketplace improvements and withstand cyclically weak home-services demand without relying on dilutive capital. A cash cushion lets the company fix the marketplace from a position of control; cash burn or poor capital allocation would transfer value away from shareholders.
The turnaround must convert marketplace efficiency into durable per-share earnings, not merely into accounting profit helped by temporary cuts or share-count effects. Shareholders are paid on per-share economics; if EPS improvement stalls or reverses, the turnaround multiple should compress.
All standing thesis claims
Original report summary
recent profit improvement proves to be a leaner, durable marketplace rather than cost-cutting inside a shrinking lead-generation franchise.
Bull case and bear case
Bull case and bear case for ANGI
Where the evidence on ANGI disagrees: Mixed on the latest evidence (Oct 19, 2026). Of its 5 thesis points, 3 strengthening, 1 holding and 1 weakening.
Bull case: what the evidence supports
Angi’s digital matching and advertising model remains structurally asset-light, so recovered demand should carry high incremental gross profit rather than requiring Angi to assume job-level fulfillment risk.
Management’s cost reset can create durable operating leverage only if marketing, product, and sales cuts do not hollow out homeowner traffic or pro acquisition.
Angi’s cash position gives it room to fund marketplace improvements and withstand cyclically weak home-services demand without relying on dilutive capital.
The turnaround must convert marketplace efficiency into durable per-share earnings, not merely into accounting profit helped by temporary cuts or share-count effects.
Bear case: what the evidence questions
Service professionals continue to view Angi’s homeowner demand as a high-return customer-acquisition channel, allowing the marketplace to stabilize after pruning low-quality volume.
Thesis-Break Engine
What has broken in ANGI’s thesis
Each break OptimistFi flagged on ANGI, dated — with what has historically followed the same kind of break across the market, not a forecast for ANGI.
- CEO / officer changecondition set before this filing
Across all companies, this kind of break has happened 16,849 times before. Those stocks trailed comparable companies by a median of 2% over the next six months, and 38% of them trailed it by 10 points or more.
Early warning
The break condition read on the trailing twelve months through ANGI’s latest quarterly report, ahead of the annual figure it is written on.
- Operating-margin compression, trailing 12 months
Across all companies, this kind of early warning has happened 2,641 times before. Those stocks trailed comparable companies by a median of 1% over the next six months, and 36% of them trailed it by 10 points or more.
MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedDirector or principal officer change.
ANGI filed an SEC 8-K on 2026-09-23: Director or principal officer change. It is a dated development that tests the current thesis.
- MixedReported results of operations (earnings release).
ANGI filed an SEC 8-K on 2026-08-04: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedDirector or principal officer change.
ANGI filed an SEC 8-K on 2026-07-09: Director or principal officer change. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- Google Local Services captures high-intent homeowner searches before they reach Angi.
- Angi has to guarantee completed jobs, absorb refunds, or take contractor performance risk to keep homeowners using the platform.
- Reduced search marketing causes Angi to lose high-intent homeowner demand to Google Local Services or organic search competitors.
- A housing or remodeling downturn reduces homeowner demand and forces renewed cash-consuming marketing spend.
- Competitive pressure forces reinvestment that reduces earnings before revenue growth returns.
ANGI news
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Financial statements
ANGI income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.