undamentalytics Newsletter
Sign in

Anghami Inc (ANGH) stock

Add to watchlist

Add holding +

NASDAQ: ANGH Nasdaq Movies & Entertainment

D Fundamentals grade

Anghami Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Model estimate per share

~$12

Revenue-to-maturity cash-flow model

Base case. Range ~$8.2–$17 across our lower- and higher-growth cases (22.2%–32.2% a year).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Anghami Inc valuation: adjust assumptions and compare models →

Value diary

Our note on each quarter Anghami files

Where Anghami stands after its latest Filing

Revenue for the twelve months was $99m, up 27.2% on a year earlier, slower than the 88.7% growth a quarter earlier. That growth ranks 2 of 25 among the movies & entertainment companies we cover. Free-cash-flow margin rose to -36.6% from -46.2% a year earlier. Operating margin narrowed to -88.0% from -38.2%. The diluted share count is down 88.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 3 financial-health checks. Our revenue-to-maturity cash-flow model value is $12.15 a share, against a share price of $3.42.

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Anghami Inc's trailing-twelve-month revenue grew 27.2% year on year, with a free-cash-flow margin of -36.6%. Where it stands out: stock pay as % of revenue of -0.2% ranks 1 of 25 movies & entertainment companies we cover. Where it lags: change in growth rate of -61.6pp ranks 25 of 25 movies & entertainment companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 24.1% while net income fell 40.8%: a 65pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 27.2% over the last 12 months, against a median of 8.5% for movies & entertainment companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.0bn.

Things to watch

  • Growth slowing. The growth rate is 61.6 points lower than a quarter earlier.
  • Loss-making. Operating margin is -88.0%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 8.4 points on a year ago.
  • Burning cash. Free cash flow was -36.6% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 18.0% in a year.
  • Below peers: gross margin. Gross margin of -25.4% ranks 10 of 10 movies & entertainment companies we cover (median 45.3%).

Price chart

  • 1 day+2.0%
  • 1 week+0.5%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$99.3M
Operating margin
-88.0%
Net margin
-90.1%
EPS (TTM, diluted)
$-13.16

Growth

Revenue growth
+27.2%
Change in growth rate
−61.6 pts
Share count change
+18.0%

Cash

Free cash flow (TTM)
-$36.3M
FCF margin
-36.6%
Stock pay % of revenue
-0.2%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for ANGH from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Anghami Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Anghami Inc as an operating company, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$12 ~$8.2–$17 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. ~$9.4 ~$6.5–$41 Included, half weight
Combined value Weighted average of the models that apply: the primary model (revenue-to-maturity model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$12 ~$9.4–$12 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Anghami Inc with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Anghami Inc: too few analysts cover it.

Positioning

Short interest
0.0%
of tradable shares
Days to cover
0.12
at average volume
Short interest, 1 month
−51%
to October 15, 2026
Held by institutions
0%
of shares
Held by insiders
72.5%
of shares
Employees
191
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Anghami Inc in five measures

Fundamentals grade D
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Anghami Inc
$0 $50M $100M FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue (TTM), FY20 Q4: $30.5M Revenue (TTM), FY21 Q4: $35.5M Revenue (TTM), FY22 Q4: $48.5M Revenue (TTM), FY23 Q4: $41.4M Revenue (TTM), FY24 Q4: $78.1M Revenue (TTM), FY25 Q4: $99.3M $99.3M

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY20 Q4 $30.5M
FY21 Q4 $35.5M
FY22 Q4 $48.5M
FY23 Q4 $41.4M
FY24 Q4 $78.1M
FY25 Q4 $99.3M
Revenue growth, TTM YoY Anghami Inc
-50% 0% 50% 100% FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Revenue growth, TTM YoY, FY21 Q4: 16.3% Revenue growth, TTM YoY, FY22 Q4: 36.6% Revenue growth, TTM YoY, FY23 Q4: -14.6% Revenue growth, TTM YoY, FY24 Q4: 88.7% Revenue growth, TTM YoY, FY25 Q4: 27.2% 27.2%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY21 Q4 16.3%
FY22 Q4 36.6%
FY23 Q4 -14.6%
FY24 Q4 88.7%
FY25 Q4 27.2%
Operating margin (TTM) Anghami Inc
-100% -50% 0% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 Operating margin (TTM), FY20 Q4: -8.4% Operating margin (TTM), FY21 Q4: -38.2% Operating margin (TTM), FY22 Q4: -35.8% Operating margin (TTM), FY23 Q4: -35.2% Operating margin (TTM), FY24 Q4: -79.6% Operating margin (TTM), FY25 Q4: -88.0% -88.0%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Operating margin (TTM)
FY20 Q4 -8.4%
FY21 Q4 -38.2%
FY22 Q4 -35.8%
FY23 Q4 -35.2%
FY24 Q4 -79.6%
FY25 Q4 -88.0%
FCF margin (TTM) Anghami Inc
-80% -60% -40% -20% 0% 20% FY20 Q4 FY21 Q4 FY22 Q4 FY23 Q4 FY24 Q4 FY25 Q4 FCF margin (TTM), FY20 Q4: 0.3% FCF margin (TTM), FY21 Q4: -46.2% FCF margin (TTM), FY22 Q4: -4.2% FCF margin (TTM), FY23 Q4: -9.4% FCF margin (TTM), FY24 Q4: -61.3% FCF margin (TTM), FY25 Q4: -36.6% -36.6%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY20 Q4 0.3%
FY21 Q4 -46.2%
FY22 Q4 -4.2%
FY23 Q4 -9.4%
FY24 Q4 -61.3%
FY25 Q4 -36.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F, 20-F/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 31 36 48 41 78 99
Gross profit 8 9 9 10 −24 −25
EBITDA −2 — — −12 −56 −80
Operating income −3 −14 −17 −15 −62 −87
Net income 6 −18 −61 −16 −64 −89
Diluted EPS −$3.40 −$10.30 −$23.50 −$59.80 −$110.30 −$13.16
Growth (year on year)
Revenue — +16.3% +36.6% −14.6% +88.7% +27.2%
Net income — −409.7% — — — —
Margins
Gross margin 26.8% 25.5% 19.3% 24.9% −30.8% −25.4%
EBITDA margin −7.9% — — −29.0% −72.3% −81.0%
Operating margin −8.4% −38.2% −35.8% −35.2% −79.6% −88.0%
Net margin 18.8% −50.1% −125.9% −38.2% −81.4% −90.1%
Free-cash-flow margin 0.3% −46.2% −4.2% −9.4% −61.3% −36.6%
Cash flow
Cash from operations 0 −16 0 −4 −48 −36
Capital spending 0 0 2 0 0 0
Free cash flow 0 −16 −2 −4 −48 −36
Stock-based pay 1 1 1 −0 −0 —
Free cash flow after stock pay −0 −17 −3 −4 −48 —
Balance sheet
Cash 6 1 3 6 14 22
Total debt 13 19 — 0 0 0
Net debt (negative = net cash) 7 18 −3 −6 −14 −22
Diluted shares — — 3m 3m 6m 7m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

1 of 3 checks passed · December 31, 2025
What it owns · $114m
Short-term assets $42mLonger-term assets $72m
What it owes, and who funded it · $115m
Short-term liabilities $86mLonger-term liabilities $2mShareholders' equity $27m
  • Short-term assets cover short-term liabilities $42m of assets due within a year against $86m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $42m short-term assets against $2m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of −$87m against $48,776 of interest.

From Anghami Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+18.0%
year over year
R&D spending
0.5%
of revenue
Days sales outstanding
45 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated ANGH GAIA NIPG LVO CURI RSVR Median
Revenue, last 12 months $99m $95m $127m $77m $76m $180m $1.1bn
Revenue growth, last 12 months 27.2% −2.4% 48.4% −23.1% 24.9% 11.4% 8.5%
Revenue growth, 3-year average — 6.3% — −9.5% 5.6% 11.5% 7.1%
Revenue growth, latest quarter — −11.8% — 0.7% 22.3% 11.6% 11.3%
Gross margin −25.4% 86.1% −1.2% 17.9% — 64.7% 33.2%
Operating margin −88.0% −8.7% −196.5% −19.6% −0.3% 21.2% 2.5%
Operating margin, 3-year average — −7.1% — −15.0% −24.9% 20.4% −0.6%
Net margin −90.1% −8.2% −187.7% −25.8% 0.0% 4.9% 0.5%
Cash from operations / revenue −36.5% −6.5% −12.4% −12.4% 7.1% 23.7% 9.9%
Free-cash-flow margin −36.6% −14.7% −12.6% −16.3% 7.1% 23.4% 5.3%
Free-cash-flow margin, 3-year average — −4.0% — −4.9% 6.1% 26.9% 6.1%
Stock pay / revenue −0.2% 1.6% 29.0% 20.8% 20.3% 2.8% 1.5%
Change in share count 18.0% 2.2% 128.6% 7.0% 3.3% 0.5% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 27.2% 8.5% 2 of 25
Change in growth rate Growth -61.6pp +0.7pp 25 of 25
Gross margin Profitability -25.4% 45.3% 10 of 10
Operating margin Profitability -88.0% 3.0% 23 of 24
Net margin Profitability -90.1% 0.5% 24 of 25
Free-cash-flow margin Cash generation -36.6% 7.1% 24 of 24
Stock pay as % of revenue Cash generation -0.2% 1.5% 1 of 25
Change in share count Balance sheet 18.0% 1.6% 16 of 19
Days sales outstanding Balance sheet 45 days 35 days 12 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

13F filings for June 30, 2026
Reported value
$4,156
Institutions reporting
2
Shares held vs prior quarter
▲ 7.5%
Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Royal Bank Of Canada $4,000 1K 96.2% ▲ 124.9%
UBS Group AG $156 0K 3.8% ▼ 92.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Anghami Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Anghami Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Anghami Inc in brief

What does Anghami Inc do?
Anghami Inc is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is Anghami Inc's stock ticker?
Anghami Inc trades under the ticker ANGH on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Anghami Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Anghami Inc reported revenue of $99.3M, 27.2% higher than a year earlier, according to its SEC filings.
What is Anghami Inc's free cash flow?
Anghami Inc's free-cash-flow margin is -36.6% of revenue over the trailing twelve months, ranking 24 of the 24 movies & entertainment companies we cover.
Who are Anghami Inc's competitors?
In our Movies & Entertainment peer group, the companies closest to Anghami Inc are Gaia, Inc, NIP Group Inc., Liveone, Inc., Curiositystream Inc. and Reservoir Media, Inc. The side-by-side comparison below sets their revenue, margins and growth against Anghami Inc's.