Anghami vs Reservoir Media
Reservoir Media is the larger business, with $176m of revenue in fiscal 2026 against $99.3m for Anghami (1.8 times as much). Anghami grew faster (27.2% against 10.7%). Reservoir Media kept more of each dollar of sales as profit: a net margin of 4.7% against -90.1%.
| Latest fiscal year | AnghamiANGH, 2025 | Reservoir MediaRSVR, 2026 |
|---|---|---|
| Revenue | $99.3m | $176m |
| Revenue growth | 27.2% | 10.7% |
| Net income | −$89.5m | $8.3m |
| Operating margin | -88.0% | — |
| Net margin | -90.1% | 4.7% |
| Return on equity | — | 2.2% |
| Free cash flow | −$36.3m | $49.7m |
| Cash | $22.2m | $25.9m |
| Total debt | $0 | $459m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | — | — |
| Market value | $31.6m | $655m |
| Price vs our value range | — | Within our value range |
| Moat score | — | 63 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 0 buys, 0 sales |