Anghami Inc. (ANGH) AI Stock Analysis

• Market Cap: $16.58M
• Dividend Yield: N/A
• Average Volume (3M): 9.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.81
• Revenue Growth: 88.72%
• EPS Growth: -85.54%
• Country: US
• Employees: 186
• Sector: Communication Services
• Sector Strength: 97
• Industry: Entertainment
• EPS (TTM): N/A
• Shares Outstanding: 6,686,470
• 10 Day Avg. Volume: 9,640
• 30 Day Avg. Volume: 9,663
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.79
• Price to Sales (P/S): 0.61
• P/FCF Ratio: -1.00
• Enterprise Value/Market Cap: 3.14
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: -8.23
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $2.50 ▲(0.81% Upside)

Anghami Inc.'s overall stock score is primarily influenced by its financial performance, which shows revenue growth but is overshadowed by ongoing losses and negative cash flows. Technical analysis indicates a bearish trend, and valuation metrics highlight the company's current unprofitability. The lack of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Strong revenue growth indicates increasing demand and market penetration, which can lead to improved market position and potential profitability over time.

Business Model

A diversified revenue model reduces dependency on a single income stream, enhancing resilience and adaptability in changing market conditions.

Balance Sheet Improvement

Improvement in equity suggests better financial health and efforts to stabilize, which can support future growth and investment opportunities.

Negative Factors

Negative Cash Flow

Persistent negative cash flow raises concerns about the company's ability to sustain operations without external funding, impacting long-term viability.

Profitability Challenges

Ongoing losses and negative margins highlight issues in cost management and profitability, which could hinder sustainable growth if not addressed.

High Debt Levels

A high debt-to-equity ratio poses risks to financial stability, potentially limiting the company's ability to invest in growth opportunities.

Anghami Inc. Business Overview & Revenue Model

Company Description

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.

How the Company Makes Money

Anghami generates revenue primarily through a subscription model, offering both free ad-supported and premium subscription tiers. The premium tier allows users to enjoy an ad-free experience, offline listening, and higher audio quality, contributing significantly to the company's earnings. Additionally, Anghami monetizes its platform through advertising revenue from the free tier users, where brands can reach a targeted audience. The company also engages in partnerships with record labels and artists, providing promotional opportunities that can lead to additional revenue streams through exclusive content and sponsorship deals.

Anghami Inc. Financial Statement Overview

Summary

Anghami Inc. shows potential for growth with increased revenue in 2024, but persistent losses, negative cash flows, and a leveraged balance sheet highlight significant operational challenges.

Income Statement

Anghami Inc. has shown fluctuating revenue with a significant increase in 2024 compared to 2023, indicating potential for growth. However, the company consistently operates at a loss, with negative net income and negative EBIT margins. The gross profit margin is negative, highlighting issues with cost management. Despite revenue growth, profitability remains a significant challenge.

Balance Sheet

The company's balance sheet shows a positive stockholders' equity in 2024, an improvement from previous negative equity positions, indicating efforts to stabilize financial health. However, the debt-to-equity ratio is still a concern given the high level of liabilities relative to equity, posing potential risk if not managed carefully.

Cash Flow

Anghami Inc. has negative operating and free cash flow, which raises concerns about its ability to generate sufficient cash from operations. The increase in financing cash flow in 2024 suggests reliance on external funding, which could strain financial flexibility in the long term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	78.09M	41.38M	48.48M	35.50M	0.00
Gross Profit	0.00	-24.02M	10.29M	9.35M	9.04M	0.00
EBITDA	-6.32M	-55.44M	-11.52M	-55.98M	-14.53M	941.64K
Net Income	-6.32M	-63.55M	-15.81M	-61.02M	-17.79M	941.64K
Balance Sheet
Total Assets	101.11M	124.08M	19.46M	29.63M	13.03M	100.76M
Cash, Cash Equivalents and Short-Term Investments	38.41K	14.17M	6.24M	3.14M	1.08M	709.88K
Total Debt	1.00M	12.30M	170.90K	360.80K	18.78M	0.00
Total Liabilities	9.31M	65.43M	33.56M	36.07M	40.99M	10.43M
Stockholders Equity	91.80M	59.85M	-12.92M	-5.12M	-26.84M	90.33M
Cash Flow
Free Cash Flow	-777.32K	-47.41M	-3.98M	17.06K	-14.31M	-421.32K
Operating Cash Flow	-777.32K	-47.36M	-3.88M	17.06K	-14.14M	-421.32K
Investing Cash Flow	-1.00M	-1.04M	-1.31M	-12.58M	-1.49M	-100.00M
Financing Cash Flow	968.52K	56.31M	8.31M	15.04M	10.65M	101.13M

Anghami Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.48
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Negative. The current price of 2.48 is below the 20-day moving average (MA) of 2.73, below the 50-day MA of 2.80, and below the 200-day MA of 4.35, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 34.06 is Neutral, neither overbought nor oversold. The STOCH value of 12.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANGH.

Anghami Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WMG	64 Neutral	$15.33B	42.32	61.97%	2.52%	4.37%	-16.22%
RSVR	61 Neutral	$491.26M	51.55	2.64%	―	11.17%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
LVO	43 Neutral	$55.35M	-2.02	―	―	-32.17%	-135.06%
ANGH	41 Neutral	$16.58M	-0.22	―	―	88.72%	-85.54%
KUKE	39 Underperform	―	―	―	―	-36.94%	15.41%

Anghami Inc. Corporate Events

Anghami Inc. Announces OSN Convertible Note Conversion

On October 14, 2025, OSN Streaming Limited notified Anghami Inc. of its intention to convert its senior unsecured convertible notes, totaling $55 million in principal and approximately $4.4 million in PIK interest, into ordinary shares. This conversion will result in the issuance of 2,376,171 shares to OSN, potentially impacting Anghami’s equity structure and market positioning.