Angi Inc. income statement
In fiscal 2025, Angi Inc. reported revenue of $1.03bn, down 13.0% on the year before, operating income of $65.4m (a 6.3% margin) and net income of $43.8m, or $0.94 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 361 | 499 | 736 | 1,132 | 1,326 | 1,468 | 1,619 | 1,764 | 1,359 | 1,185 | 1,031 | 993 |
| Cost of revenue | 23 | 26 | 34 | 56 | 46 | 173 | 275 | 337 | 63 | 58 | 47 | 43 |
| Gross profit | 338 | 473 | 702 | 1,077 | 1,280 | 1,295 | 1,345 | 1,427 | 1,296 | 1,128 | 983 | 950 |
| Research and development | 17 | 21 | 48 | 61 | 64 | 69 | 71 | 74 | 97 | 95 | 87 | 58 |
| Selling and marketing | 226 | 307 | 464 | 541 | 733 | 763 | 872 | 890 | 765 | 602 | 508 | 532 |
| General and administrative | 87 | 110 | 300 | 323 | 348 | 374 | 395 | 447 | 359 | 320 | 263 | 249 |
| Operating income | −2 | 24 | −148 | 64 | 39 | −6 | −68 | −76 | −26 | 22 | 65 | −215 |
| Interest expense | 0 | 0 | 2 | 12 | 11 | 14 | 23 | 20 | 20 | 20 | 20 | 21 |
| Provision for credit losses | 13 | 17 | 28 | 47 | 64 | — | — | — | — | — | — | — |
| Income before tax | −2 | 22 | −154 | 70 | 34 | −19 | −94 | −95 | −28 | 20 | 63 | −216 |
| Income tax | 2 | 12 | −49 | −7 | −2 | −15 | −30 | −5 | 2 | −17 | 19 | 6 |
| Net income | −1 | 13 | −103 | 77 | 35 | −6 | −71 | −128 | −41 | 36 | 44 | −222 |
| Diluted EPS | $0.00 | $0.30 | −$2.40 | $1.50 | $0.70 | −$0.10 | −$1.40 | −$2.60 | −$0.81 | $0.71 | $0.94 | −$5.27 |
| Diluted shares (average) | 41m | 41m | 43m | 51m | 52m | 50m | 50m | 50m | 51m | 51m | 46m | 42m |
| EBITDA | 5 | 32 | −133 | 88 | 79 | 46 | −9 | 2 | 67 | 108 | 111 | −155 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 297 | 268 | 246 | 278 | 266 | 241 | 238 | 248 |
| Cost of revenue | 15 | 16 | 13 | 13 | 12 | 9 | 10 | 12 |
| Gross profit | 282 | 252 | 233 | 265 | 253 | 232 | 228 | 236 |
| Research and development | 24 | 23 | 27 | 24 | 21 | 16 | 10 | 11 |
| Selling and marketing | 155 | 131 | 119 | 139 | 129 | 120 | 140 | 142 |
| General and administrative | 77 | 73 | 57 | 74 | 69 | 62 | 58 | 60 |
| Operating income | 8 | 2 | 20 | 18 | 22 | 6 | −9 | −234 |
| Interest expense | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Income before tax | 9 | 0 | 20 | 17 | 21 | 4 | −10 | −232 |
| Income tax | −27 | 2 | 5 | 7 | 10 | −3 | −1 | −1 |
| Net income | 35 | −1 | 15 | 11 | 11 | 7 | −9 | −231 |
| Diluted EPS | $0.70 | −$0.03 | $0.30 | $0.23 | $0.23 | $0.17 | −$0.22 | −$5.70 |
| EBITDA | 25 | 22 | 30 | 28 | 34 | 19 | 5 | −213 |
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