Investment Thesis
Angi demonstrates solid operational profitability with a 95.4% gross margin and adequate liquidity (1.65x current ratio), but revenue decline of 13% YoY raises growth concerns. The company generates modest free cash flow of $15.4M (1.5% FCF margin) with weak returns on equity (4.7%) and assets (2.6%), suggesting limited capital efficiency despite improving EPS through share count reduction.
ANGI Strengths
- Exceptional gross margin of 95.4% indicates strong pricing power and operational leverage in core service model
- Solid interest coverage ratio of 13.0x with manageable debt/equity of 0.54x provides financial flexibility
- Positive free cash flow generation of $15.4M and substantial cash position of $303.7M support operational stability
ANGI Risks
- Significant 13% YoY revenue decline signals weakening market demand or competitive pressure in core service-advertising business
- Weak returns on equity (4.7%) and assets (2.6%) despite high margins indicate poor capital allocation or asset utilization efficiency
- Minimal free cash flow margin of 1.5% relative to revenue suggests limited financial flexibility for reinvestment or shareholder returns
Key Metrics to Watch
- Revenue growth trajectory and stabilization - critical to assess whether decline reflects cyclical weakness or structural headwinds
- Return on equity and asset efficiency - monitor if improving operations can drive better returns on capital base
- Free cash flow margin expansion - evaluate whether operational improvements can translate to stronger cash generation
ANGI Financial Metrics
ANGI Profitability Ratios
ANGI Balance Sheet & Liquidity
ANGI 5-Year Financial Trend
5-Year Trend Summary: Angi Inc.'s revenue has declined by 19% over the 5-year period, indicating business contraction. The most recent EPS of $-0.81 indicates the company is currently unprofitable.
ANGI Growth Metrics (YoY)
ANGI Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $265.6M | $10.6M | $0.23 |
| Q2 2025 | $278.2M | $2.8M | $0.04 |
| Q1 2025 | $245.9M | -$1.3M | $-0.03 |
| Q3 2024 | $296.7M | -$5.3M | $-0.01 |
| Q2 2024 | $315.1M | $2.8M | $0.00 |
| Q1 2024 | $305.4M | -$1.3M | $0.00 |
| Q3 2023 | $371.8M | -$34.8M | $-0.01 |
| Q2 2023 | $375.1M | N/A | $-0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
ANGI Capital Allocation
ANGI SEC Filings
Access official SEC EDGAR filings for Angi Inc. (CIK: 0001705110)