Anghami Inc key statistics and ratios

In fiscal 2025, Anghami Inc had an operating margin of -88.0%, debt equal to 0.0% of equity and a current ratio of 0.49. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Anghami Inc: financial ratios, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	26.8%	25.5%	19.3%	24.9%	−30.8%	−25.4%
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%
Return on assets	40.3%	−130.4%	−286.1%	−64.4%	−88.6%	−75.2%
Asset turnover	2.14	2.60	2.27	1.69	1.09	0.83
Current ratio	0.46	0.26	0.52	0.47	0.60	0.49
Debt to equity	—	—	—	—	0.0%	0.0%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m	n/m	n/m
R&D as % of revenue	—	—	1.5%	1.8%	0.5%	—
Capital spending as % of revenue	0.3%	0.5%	4.4%	0.2%	0.1%	0.1%
Free cash flow ÷ net income	1.6%	—	—	—	—	—

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Anghami Inc's SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Anghami Inc.