Angi Inc.

Listed Company

ANGICIK 0001705110NasdaqLarge AcceleratedServices-AdvertisingDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.03B

Net Income

$43.83M

Total Assets

$1.68B

Equity

$927.37M

Shares Out

—

Op. Cash Flow

$105.07M

Business

Angi Inc. connects consumers with home-service professionals across more than 500 categories via digital marketplaces and affiliate platforms. It offers ratings and reviews, a True Cost Guide, membership packages, on-platform booking and payment for consumers, and ads, leads and subscriptions for professionals. Angi has three segments—Ads and Leads, Services and International—and operates brands including Angi, HomeAdvisor and Handy. It operates in the U.S., Europe and Canada through websites, mobile apps, third-party affiliates, retail partners and a direct salesforce.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,031	1,185	1,359	1,764	1,619
Cost of revenue (exclusive of depreciation shown separately below)	47	58	63	337	275
Gross Profit	983	1,128	1,296	1,427	1,345
Selling and marketing expense	508	602	765	890	872
General and administrative expense	263	320	359	447	395
Product development expense	87	95	97	74	71
Depreciation	45	86	94	78	59
Restructuring	13	0	0	—	—
Amortization of intangibles	2	3	8	14	16
Total operating costs and expenses	918	1,106	1,323	1,503	1,413
Operating income (loss)	65	22	−26	−76	−68
Interest expense	−20	−20	−20	−20	—
Other income, net	18	18	18	1	−3
Earnings (loss) from continuing operations before income taxes	63	20	−28	−95	−94
Income tax (provision) benefit	−19	17	−2	5	30
Net earnings (loss) from continuing operations	44	37	−30	−89	−64
Loss from discontinued operations, net of tax	0	0	−10	−39	−6
Net earnings (loss)	44	37	−40	−128	−70
Net earnings attributable to noncontrolling interests	0	−844,000	−629,000	−468,000	−884,000
Net earnings (loss) attributable to Angi Inc. shareholders	44	36	−41	−128	−71
Basic earnings (loss) per share (USD per share)	0.96	0.72	−0.61	−0.18	−0.13
Diluted earnings (loss) per share (USD per share)	0.94	0.71	−0.61	−0.18	−0.13
Basic earnings (loss) per share (USD per share)	0.96	0.72	−0.81	−0.26	−0.14
Diluted earnings (loss) per share (USD per share)	0.94	0.71	−0.81	−0.26	−0.14

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	304	416	364	321	428
Accounts receivable, net	33	37	51	72	86
Other current assets	30	42	72	64	71
Total current assets	366	495	487	484	585
Capitalized software, leasehold improvements and equipment, net	99	80	110	153	118
Goodwill	890	883	886	883	916
Intangible assets, net	167	168	171	178	194
Deferred income taxes	126	169	148	138	123
Other non-current assets, net	31	36	54	62	76
TOTAL ASSETS	1,680	1,831	1,856	1,908	2,012
Accounts payable	34	18	29	30	—
Deferred revenue	22	42	50	50	53
Accrued expenses and other current liabilities	166	171	179	183	186
Total current liabilities	222	232	259	282	278
Long-term debt, net	498	497	496	495	495
Deferred income taxes	1	2	3	3	2
Other long-term liabilities	31	38	54	76	92
Commitments and contingencies	—	—	—	—	—
Additional paid-in capital	1,428	1,466	1,447	1,405	1,350
Accumulated deficit	−151	−195	−231	−190	−62
Accumulated other comprehensive income (loss)	6	−2	1	−1	3
Treasury stock, 14,220 and 3,716 shares, respectively	−356	−206	−177	−166	−158
Total shareholders equity	927	1,063	1,045	1,051	1,146
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	1,680	1,831	1,856	1,908	2,012

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	48	57	79	104	87
Stock-based compensation expense	15	35	43	51	28
Non-cash lease expense (including impairment of right-of-use assets)	7	16	12	14	20
Deferred income taxes	13	−24	−10	−10	−34
Other adjustments, net	−1	−433,000	−1	3	8
Accounts receivable	−44	−45	−58	−112	−107
Other assets	13	29	−14	−658,000	6
Accounts payable and other liabilities	−4	−601,000	−8	12	22
Operating lease liabilities	−13	−19	−21	−17	−17
Income taxes payable and receivable	−1	−9	158,000	3	263,000
Deferred revenue	−20	−8	−355,000	−3	−1
Net cash provided by operating activities attributable to continuing operations	105	156	94	46	25
Capital expenditures	−60	−50	−48	−115	−70
Purchases of marketable debt securities	0	0	−12	0	0
Proceeds from maturities of marketable debt securities	0	0	13	0	50
Net proceeds from the sale of a business	0	0	1	0	750,000
Proceeds from sales of fixed assets	145,000	81,000	85,000	162,000	0
Net cash used in investing activities attributable to continuing operations	−59	−50	−47	−115	−19
Debt issuance costs	−2	0	0	0	0
Purchases of treasury stock	−149	−29	−11	−8	−35
Purchase of noncontrolling interests	0	−16	0	0	−28
Withholding taxes paid on behalf of employees on net settled stock-based awards	−8	−8	−6	−9	−62
Distribution from IAC pursuant to the tax sharing agreement	0	−2	0	0	0
Other, net	0	−9,000	−57,000	−256,000	0
Net cash used in financing activities attributable to continuing operations	−158	−54	−17	−17	−345
Total cash (used in) provided by continuing operations	−113	52	31	−86	−340
Net cash provided by operating activities attributable to discontinued operations	0	0	11	−19	−18
Net cash provided by investing activities attributable to discontinued operations	0	0	325,000	−769,000	−26
Total cash provided by discontinued operations	0	0	11	−20	−44
Effect of exchange rate changes on cash and cash equivalents and restricted cash	−120,000	473,000	535,000	−1	−45,000
Net (decrease) increase in cash and cash equivalents and restricted cash	−113	52	42	−107	−384

Filings

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