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Angi (ANGI)
NASDAQ:ANGI

Angi (ANGI) AI Stock Analysis

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ANGI

Angi

(NASDAQ:ANGI)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
$13.50
▼(-3.98% Downside)
The score is primarily constrained by weakening fundamentals (negative revenue and free cash flow growth) despite strong gross margins and a stable balance sheet. Earnings-call signals are constructive around improving proprietary-channel metrics and customer/pro retention, but network-channel weakness and vendor-related EBITDA risk limit confidence. Technicals are mixed and valuation is reasonable but not compelling, with restructuring offering potential savings alongside near-term risk.
Positive Factors
High gross margin
A 93.7% gross margin signals a highly scalable, low-variable-cost marketplace model that can sustain profitability as volumes rise. This structural margin advantage supports reinvestment in product and AI, improves operating leverage over time, and buffers against cyclical revenue swings.
Proprietary channel acceleration
Sustained double-digit growth in proprietary requests, leads, and revenue per lead indicates strengthening control over demand generation. Building proprietary volume reduces dependence on third-party channels, raises lifetime value visibility, and improves margin sustainability and predictability over multiple quarters.
Moderate leverage and stable balance sheet
A debt-to-equity of ~0.5 reflects moderate leverage and a healthy equity base, providing financial flexibility to fund AI/platform investments, manage restructuring costs, and access credit lines. This balance sheet stability lowers refinancing and solvency risk over the medium term.
Negative Factors
Declining revenue trend
A sustained negative revenue trend undermines scale economics and pressures margins despite high gross profitability. Over several quarters, shrinking top line reduces free cash flow, limits reinvestment capacity, and raises the bar for management to restore growth without sacrificing unit economics.
Falling free cash flow growth
An 18% decline in free cash flow growth signals weakening cash conversion that can constrain capital allocation and strategic investments. Reduced FCF growth elevates dependency on external financing for transformation initiatives and increases sensitivity to operating disruptions over the next several quarters.
Network channel collapse and vendor risk
A collapse of the network channel and outstanding vendor disputes represent structural risks to revenue diversification and EBITDA sustainability. Loss of a previously large channel and potential vendor liabilities can prolong recovery, complicate margin improvements, and increase execution risk during platform transition.

Angi (ANGI) vs. SPDR S&P 500 ETF (SPY)

Angi Business Overview & Revenue Model

Company DescriptionAngi Inc. connects home service professionals with consumers in the United States and internationally. Its Angi Ads business, which connects consumers with service professionals for local services through the Angi nationwide online directory of service professionals in various service categories; provides consumers with valuable tools, services, and content, including verified reviews, to help them research, shop, and hire for local services; and sells term-based website, and mobile and digital magazine advertising to service professionals, as well as provides quoting, invoicing, and payment services. The company also owns and operates Angi Leads digital marketplace service that connects consumers with service professionals for home repair, maintenance, and improvement projects; offers consumers with tools and resources to find local, pre-screened, and customer-rated service professionals, as well as online appointment booking; and connects consumers with service professionals by telephone, and home services-related resources. In addition, it operates Handy, a platform for household services, primarily cleaning and handyman services; Angi Roofing, which provides roof replacement and repair services; and home services marketplaces under the Travaux, MyHammer, Werkspot, MyBuilder, and Instapro names. As of December 31, 2021, it had a network of approximately 206,000 transacting service professionals; and approximately 38,000 advertising service professionals. The company was formerly known as ANGI Homeservices Inc. and changed its name to Angi Inc. in March 2021. The company was incorporated in 2017 and is headquartered in Denver, Colorado. Angi Inc. is a subsidiary of IAC/InterActiveCorp.
How the Company Makes MoneyAngi generates revenue primarily through a subscription model and lead generation services. Home service professionals pay for access to Angi's platform, which allows them to connect with potential customers. This includes subscription fees for premium listings and advertisements that increase visibility on the platform. Additionally, Angi earns revenue by charging service providers for leads generated through the site, where users express interest in their services. The company also benefits from partnerships with various home improvement brands and platforms, further enhancing its service offerings and revenue streams through collaborative promotions and cross-marketing opportunities.

Angi Key Performance Indicators (KPIs)

Any
Any
Revenue by Geography
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Chart InsightsAngi's revenue from North America and Europe has been stagnant since late 2022, while International revenue shows steady growth, reflecting strategic shifts. The earnings call highlights a return to proprietary volume growth, improved profitability, and enhanced customer experience. Despite challenges like declining free search traffic and macroeconomic headwinds, Angi's focus on technological advancements and marketing execution is driving revenue per lead growth. This strategic pivot, coupled with increased Pro platform engagement, positions Angi for potential future gains despite current geographic revenue disparities.
Data provided by:The Fly

Angi Earnings Call Summary

Earnings Call Date:Nov 04, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Neutral
The earnings call reflects a company making significant strides in improving customer experience and proprietary channel growth, with strategic investments in AI and platform transformation. However, challenges in the network channel and unresolved vendor issues present hurdles. While the highlights are promising, the lowlights are significant enough to suggest balanced sentiment.
Q3-2025 Updates
Positive Updates
Improvement Across Key Customer Experience Metrics
Angi reported significant improvements in key customer experience metrics: estimated hire rate up double digits, estimated win rate up nearly 30%, Net Promoter Score up nearly 10 points year-over-year and 30 over the last 2 years, and pro retention improved with overall churn better by 7% year-over-year and 26% versus 2 years ago.
Proprietary Service Request and Lead Growth
Proprietary service request growth accelerated to 11%, proprietary lead growth at 16%, and revenue per lead growth at 11%, indicating strong performance in proprietary channels.
Efficient Sales Channel and Pro Acquisition
Despite halving the sales head count, Angi produced more overall lifetime margins, demonstrating improved sales effectiveness.
Continued Investment in AI and Platform Transformation
Angi is focusing on moving to a modern global and AI-first platform by 2027, with ongoing AI enhancements improving customer experience and business efficiency.
Negative Updates
Challenges in Network Channel
The network channel saw a significant decrease, dropping from 40% of leads a year ago to less than 10% this year, with challenges in maintaining volume and profitability.
Vendor-Related Matters Impacting EBITDA
Two unresolved vendor-related matters from prior years could impact EBITDA, potentially delaying resolution into 2026.
Slower Growth in Overall Revenue
Despite strong proprietary growth, overall revenue declined 10.5% in Q3, with network challenges contributing to this downturn.
Company Guidance
During Angi Inc.'s Third Quarter 2025 Earnings Conference Call, the company reported notable improvements in key metrics, reflecting their commitment to enhancing customer experience and driving profitable growth. The hire rate, a measure of how often homeowners hire pros after submitting service requests, increased by double digits, while the pro win rate, indicating the success rate of pros in securing leads, rose nearly 30%. The homeowner Net Promoter Score improved by nearly 10 points year-over-year and by 30 points over the past two years, showcasing enhanced customer satisfaction. Pro retention also saw a 7% improvement in year-over-year churn and a 26% improvement compared to two years ago. Proprietary service request growth accelerated to 11%, with proprietary lead growth at 16% and revenue per lead growth at 11%. Angi's efforts to consolidate its platforms aim to improve speed, efficiency, and product innovation, with a target of establishing a single, modern, AI-first global platform by 2027. The company plans to reinvest in branded advertising and expects a return to nominal active pro growth by the end of 2025, paving the way for continued growth in 2026 and beyond.

Angi Financial Statement Overview

Summary
Angi's financial performance is mixed. Strong gross profit margins and a stable balance sheet are offset by declining revenue and cash flow challenges. The company needs to reverse revenue decline and improve cash flow for better financial health.
Income Statement
Angi's income statement shows a mixed performance. The company has a strong gross profit margin of 94.8% TTM, indicating efficient cost management. However, the net profit margin is modest at 5.3% TTM, reflecting limited profitability. Revenue has declined by 2.9% TTM, which is a concern for growth. The EBIT and EBITDA margins have improved over the years, indicating better operational efficiency, but the negative revenue growth trend is a risk.
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.5, indicating moderate leverage. The return on equity is 5.7% TTM, showing a positive return for shareholders. The equity ratio is strong, suggesting a solid capital structure. However, the company needs to maintain its equity position to support future growth.
Cash Flow
Cash flow analysis reveals challenges in cash generation. The free cash flow growth rate is negative at -18.5% TTM, indicating declining cash reserves. The operating cash flow to net income ratio is 0.53 TTM, showing moderate cash conversion efficiency. The free cash flow to net income ratio is also 0.53 TTM, suggesting limited free cash flow relative to earnings. Improving cash flow generation is crucial for financial flexibility.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue1.06B1.19B1.36B1.76B1.62B1.47B
Gross Profit1.00B1.13B1.30B1.43B1.34B1.29B
EBITDA129.91M128.90M93.49M16.85M4.70M90.37M
Net Income35.32M36.00M-40.94M-128.45M-71.38M-6.28M
Balance Sheet
Total Assets1.75B1.83B1.86B1.91B2.01B2.37B
Cash, Cash Equivalents and Short-Term Investments340.69M416.43M364.04M321.15M428.14M862.70M
Total Debt497.46M509.66M513.84M585.22M600.07M727.98M
Total Liabilities753.32M767.93M811.71M856.40M866.55M1.06B
Stockholders Equity994.07M1.06B1.04B1.05B1.13B1.27B
Cash Flow
Free Cash Flow61.21M105.45M57.06M-88.41M-64.01M135.93M
Operating Cash Flow115.03M155.94M104.84M27.07M6.21M188.42M
Investing Cash Flow-53.67M-50.41M-46.23M-116.09M-72.93M-103.95M
Financing Cash Flow-115.78M-53.76M-16.98M-17.23M-317.31M337.05M

Angi Technical Analysis

Technical Analysis Sentiment
Positive
Last Price14.06
Price Trends
50DMA
12.30
Positive
100DMA
14.32
Negative
200DMA
14.81
Negative
Market Momentum
MACD
0.14
Negative
RSI
64.47
Neutral
STOCH
44.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGI, the sentiment is Positive. The current price of 14.06 is above the 20-day moving average (MA) of 12.83, above the 50-day MA of 12.30, and below the 200-day MA of 14.81, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 64.47 is Neutral, neither overbought nor oversold. The STOCH value of 44.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANGI.

Angi Risk Analysis

Angi disclosed 51 risk factors in its most recent earnings report. Angi 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 0 New Risks

Angi Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
77
Outperform
$1.86B13.3720.37%5.35%33.74%
77
Outperform
$906.45M17.7636.81%57.83%293.63%
62
Neutral
$251.00M14.1811.31%-10.73%
62
Neutral
$538.52M19.083.42%-13.14%17.25%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
58
Neutral
$807.74M-12.70-14.07%6.65%50.32%
41
Neutral
$663.08M-4.76-0.76%-635.75%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ANGI
Angi
14.06
-1.54
-9.87%
GRPN
Groupon
16.61
4.45
36.60%
YELP
Yelp
30.31
-8.12
-21.13%
EVER
EverQuote
25.42
7.20
39.52%
THRY
Thryv Holdings
5.79
-8.45
-59.34%
NXDR
Nextdoor Holdings
2.06
-0.29
-12.34%

Angi Corporate Events

Business Operations and StrategyFinancial Disclosures
Angi Announces Major Workforce Reduction and Cost Restructuring
Negative
Jan 7, 2026

On January 7, 2026, Angi Inc. announced it would reduce its global workforce by about 350 employees to cut operating expenses and optimize its organizational structure, citing AI-driven efficiency gains. The company expects to book restructuring charges of approximately $22 million to $30 million, split between the fourth quarter of 2025 and the first quarter of 2026, primarily for severance, benefits and related cash costs, with the workforce reduction substantially complete in the first quarter of 2026. Angi plans to exclude these restructuring charges from its non-GAAP measures such as adjusted EBITDA and estimates the actions will generate annual run-rate savings of $70 million to $80 million in operating and capital expenditures, signaling a significant cost base reset that could bolster profitability and long-term growth prospects.

The most recent analyst rating on (ANGI) stock is a Hold with a $18.00 price target. To see the full list of analyst forecasts on Angi stock, see the ANGI Stock Forecast page.

Private Placements and Financing
Angi Secures $175 Million Credit Facility with JPMorgan
Neutral
Nov 10, 2025

On November 6, 2025, ANGI Group, LLC entered into a Credit Agreement with JPMorgan Chase Bank, N.A., establishing a senior secured revolving facility of $175 million, which includes a $25 million Letter of Credit sublimit. This revolving facility, maturing in 2030, is secured by a first priority pledge of equity securities and security interests in the Borrower’s and its subsidiaries’ tangible and intangible personal property. The facility is designed to support working capital needs and general corporate purposes, including managing the company’s Senior Notes due in 2028.

The most recent analyst rating on (ANGI) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Angi stock, see the ANGI Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Angi Reports Q3 Revenue Decline Amid Strategic Changes
Neutral
Nov 4, 2025

In its third quarter of 2025, Angi Inc. reported a 10% decline in revenue compared to the previous year, attributed to significant reductions in Network Service Requests and Leads following the implementation of homeowner choice. Despite this, the company saw a substantial 179% increase in operating income and a 12% rise in adjusted EBITDA, driven by improved customer experience and strategic cost optimizations. Angi also repurchased 14.7% of its outstanding shares by October 31, 2025, and introduced new operating metrics to better align with its core business activities.

The most recent analyst rating on (ANGI) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Angi stock, see the ANGI Stock Forecast page.

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: Jan 08, 2026