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Anghami Inc. (ANGH)
:ANGH
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Anghami Inc. (ANGH) AI Stock Analysis

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ANGH

Anghami Inc.

(NASDAQ:ANGH)

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Neutral 41 (OpenAI - 4o)
Rating:41Neutral
Price Target:
$0.50
▼(-83.05% Downside)
Anghami Inc.'s overall stock score is significantly influenced by its financial performance, which remains challenged by ongoing losses and negative cash flows despite revenue growth. Technical analysis indicates bearish trends, and valuation is negatively impacted by a lack of profitability. These factors collectively suggest a cautious outlook for the stock.

Anghami Inc. (ANGH) vs. SPDR S&P 500 ETF (SPY)

Anghami Inc. Business Overview & Revenue Model

Company DescriptionAnghami Inc. (ANGH) is a leading music streaming platform in the Arab world, providing users with access to a vast library of songs, playlists, and podcasts. The company focuses on delivering a localized experience, catering to the diverse musical tastes and preferences of the Middle Eastern and North African regions. Anghami's core services include subscription-based access to a wide array of music content, along with features such as personalized recommendations and social sharing capabilities.
How the Company Makes MoneyAnghami 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
Overall, Anghami Inc. presents a mixed financial picture. While revenue growth in 2024 is promising, persistent losses and negative cash flows highlight ongoing operational challenges. The balance sheet shows improvement in equity but remains leveraged. The company must focus on achieving operational efficiency and improving cash flow generation to ensure sustainable growth.
Income Statement
40
Negative
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
45
Neutral
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
35
Negative
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.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue0.0078.09M41.38M48.48M35.50M0.00
Gross Profit0.00-24.02M10.29M9.35M9.04M0.00
EBITDA-3.35M-55.44M-11.52M-55.98M-14.53M941.64K
Net Income-3.35M-63.55M-15.81M-61.02M-17.79M941.64K
Balance Sheet
Total Assets101.11M124.08M19.46M29.63M13.03M100.76M
Cash, Cash Equivalents and Short-Term Investments38.41K14.17M6.24M3.14M1.08M709.88K
Total Debt1.00M12.30M170.90K360.80K18.78M0.00
Total Liabilities9.31M65.43M33.56M36.07M40.99M10.43M
Stockholders Equity91.80M59.85M-12.92M-5.12M-26.84M90.33M
Cash Flow
Free Cash Flow-316.54K-47.41M-3.98M17.06K-14.31M-421.32K
Operating Cash Flow-316.54K-47.36M-3.88M17.06K-14.14M-421.32K
Investing Cash Flow-1.00M-1.04M-1.31M-12.58M-1.49M-100.00M
Financing Cash Flow968.52K56.31M8.31M15.04M10.65M101.13M

Anghami Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price2.95
Price Trends
50DMA
3.52
Negative
100DMA
4.41
Negative
200DMA
5.68
Negative
Market Momentum
MACD
-0.15
Negative
RSI
37.79
Neutral
STOCH
26.29
Neutral
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 2.95 is below the 20-day moving average (MA) of 3.14, below the 50-day MA of 3.52, and below the 200-day MA of 5.68, indicating a bearish trend. The MACD of -0.15 indicates Negative momentum. The RSI at 37.79 is Neutral, neither overbought nor oversold. The STOCH value of 26.29 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANGH.

Anghami Inc. Risk Analysis

Anghami Inc. disclosed 72 risk factors in its most recent earnings report. Anghami Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We are a "controlled company" within the meaning of the rules of The Nasdaq Stock Market LLC and, as a result, can rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies. Q4, 2023
2.
We may not be able to successfully integrate the OSN+ business or to realize the anticipated benefits of the transaction. Q4, 2023
3.
We face significant competition from companies that operate in the steaming video-based industry and entertainment video business generally and we compete with these companies for users, content providers and advertisers. Q4, 2023

Anghami Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
49
Neutral
15.58M-0.62-108.23%4.84%-9.71%
41
Neutral
$19.73M-270.84%88.72%-85.54%
40
Neutral
55.63M-2.32101.40%-18.76%-21.71%
39
Underperform
35.01M-1.57-72.33%14.09%67.05%
37
Underperform
4.36M-0.08-115.11%-17.54%24.84%
37
Underperform
3.68M-0.32-170.43%-36.94%15.41%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ANGH
Anghami Inc.
2.95
-5.45
-64.88%
TOON
Kartoon Studios
0.73
-0.14
-16.09%
LVO
LiveOne
4.82
-5.78
-54.53%
DLPN
Dolphin Entertainment
1.30
0.00
0.00%
HOFV
Hall of Fame Resort & Entertainment
0.65
-1.29
-66.49%
KUKE
Kuke Music Holding
0.74
-6.86
-90.26%

Anghami Inc. Corporate Events

Anghami Inc. Implements Reverse Stock Split and Adjusts Warrants
Aug 4, 2025

On August 1, 2025, Anghami Inc. implemented a 1-for-10 reverse stock split following shareholder approval at an extraordinary general meeting on July 22, 2025. This move, effective after the close of trading on the Nasdaq Capital Market, adjusted the company’s share structure, increasing the par value of its ordinary shares and consolidating every ten shares into one. The company’s shares began trading on a split-adjusted basis on August 4, 2025. Additionally, adjustments were made to the company’s warrants, aligning them with the reverse split ratio and increasing the exercise price tenfold. These changes aim to optimize the company’s share structure and potentially enhance its market positioning.

Anghami Announces Reverse Stock Split to Meet Nasdaq Requirements
Jul 29, 2025

On July 29, 2025, Anghami Inc. announced a 1-for-10 reverse stock split of its ordinary shares, approved by shareholders on July 22, 2025. The move aims to regain compliance with Nasdaq’s minimum bid price requirement. The reverse split will not dilute shareholders and will be effective after market close on August 1, 2025, with trading on a split-adjusted basis starting August 4, 2025. This strategic decision is expected to maintain Anghami’s listing status and potentially improve its market positioning.

Anghami Inc. Completes $23 Million Convertible Note Sale to OSN
Jul 25, 2025

On July 25, 2025, Anghami Inc. announced the sale of a $23 million senior unsecured convertible note to OSN Streaming Limited, completing the issuance under a prior agreement. This move is part of Anghami’s strategy to secure funds for working capital, growth, and general corporate purposes, potentially impacting its financial flexibility and market positioning.

Anghami Inc. Appoints James Cooke to Board of Directors
Jul 24, 2025

Anghami Inc. announced the appointment of James Cooke to its Board of Directors, effective July 23, 2025. Cooke, who is currently the Group Senior Vice President and General Manager for CEE, North Africa, and Turkey at Warner Bros. Discovery, brings extensive experience in non-scripted content acquisition and management across EMEA, which could enhance Anghami’s strategic positioning in the media industry.

Anghami Inc. Plans Reverse Stock Split to Meet Nasdaq Compliance
Jul 16, 2025

On July 16, 2025, Anghami Inc. announced plans to hold an extraordinary general meeting on July 22, 2025, to vote on a proposed reverse stock split at a ratio of 1-for-10. This move aims to restore compliance with Nasdaq’s minimum bid price requirement of $1.00 per share, ensuring the company’s continued listing on the Nasdaq Capital Market. The majority shareholder, OSN+, is expected to vote in favor of the proposal, which is seen as beneficial for the company and its stakeholders.

Anghami Inc. Proposes Reverse Stock Split to Maintain Nasdaq Compliance
Jul 10, 2025

Anghami Inc. held an extraordinary general meeting on July 16, 2025, to propose a reverse stock split at a ratio of 1-for-10. This move aims to restore compliance with Nasdaq’s minimum bid price requirement, ensuring the company’s continued listing on the Nasdaq Capital Market. The board of directors unanimously recommended the reverse stock split, which is expected to boost the bid price per share and maintain the company’s strategic interests. OSN+, holding a majority of the company’s shares, is anticipated to vote in favor of the proposal, which would proportionally adjust the exercise and conversion prices of the company’s warrants and convertible notes.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 31, 2025