Start here if you're new
what it is
Angi matches homeowners with contractors for jobs like roofing, plumbing, cleaning, and remodeling.
how it gets paid
Last year Angi made $1.0B in revenue. Ads and Leads was the main engine at $0.61B, or 61% of sales.
why growth slowed
Revenue fell 13.0% last year. The 95.1% gross margin matters most because it shows the marketplace model still has strong unit economics even while total revenue shrinks.
what just happened
Angi's latest quarter showed $790M in revenue, $0.77 in EPS, and a 95.1% gross margin, but the market still focused on shrinking demand.
At a glance
C++ balance sheet — some cracks in the foundation
15/100 earnings predictability — expect surprises
12.1x trailing p/e — the market's not buying it — or you found a deal
3.0% return on capital — nothing to write home about
$0.70 fy2024 eps est
xvary composite: 31/100 — weak
What they do
Angi matches homeowners with contractors for jobs like roofing, plumbing, cleaning, and remodeling.
Angi wins by already being where people look when the sink bursts. It handled about 16 million projects in the 12 months ended September 30, 2025, with roughly 118,000 average monthly active pros on the platform. That scale is a network effect (more pros attract more homeowners, more homeowners attract more pros, so the marketplace gets harder to copy) and it matters when your roof is leaking today, not next week.
How they make money
$1.0B
annual revenue · their business grew -13.0% last year
Ads and Leads
$0.61B
10.0%
Services
$0.24B
15.0%
International
$0.10B
8.0%
Other
$0.05B
13.0%
The products that matter
contractor lead generation
Ads & Leads
$759M · 76% of revenue
this is the center of gravity: $759M of annual revenue, but it fell 13% last year. If you want the stock to work, this line has to stop shrinking.
core revenue engine
booked home services
Services revenue
$241M · 24% of revenue
this business produced $241M last year and fell 10%. It gives Angi more control over the transaction, but the current data says it is not offsetting marketplace weakness.
smaller but material
third-party referrals channel
Angi Network
~60% decline in Q4
the network channel dropped roughly 60% in Q4 2025. That's not a wobble. That's a revenue stream falling through the floorboards.
the number that mattered
Key numbers
$1.0B
annual revenue
This is the scale of the business today. The problem is that it fell 13.0% vs. prior year.
9.3%
operating margin
Operating margin means profit after running the business, before interest and taxes, so what: Angi finally has breathing room.
$498M
long-term debt
Debt is money the company owes, so what: creditors still matter more than the stock's $296 million market cap suggests.
12.1x
trailing p/e
P/E means price divided by earnings, so what: the stock is cheap if profit holds and not cheap if revenue keeps falling.
Financial health
C++
strength
- balance sheet grade C++ — below average — limited financial resources
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $498M (63% of capital)
C++ — balance sheet grade and long-term debt are flagged. this stock carries more risk than average.
Total return vs. market
Return history isn't available for ANGI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Angi's latest quarter showed $790M in revenue, $0.77 in EPS, and a 95.1% gross margin, but the market still focused on shrinking demand.
Revenue was up 197% vs. prior year in the latest quarter cited in EDGAR, while EPS rose 235% to $0.77. The bigger story is contrast: annual revenue still fell 13.0% to $1.0 billion, so cost cuts are doing more work than growth.
$790M
revenue
$0.77
eps
95.1%
gross margin
the number that mattered
The 95.1% gross margin matters most because it shows the marketplace model still has strong unit economics even while total revenue shrinks.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk here is the continued deterioration of Angi's lead marketplace. When a marketplace loses revenue this fast, every fix has to work at the same time.
med
network channel keeps collapsing
The network channel fell roughly 60% in Q4 2025. If that decline persists, the company is not dealing with a temporary wobble. It is losing part of the model.
That pressure hits a business already at $1B in annual revenue and already down 12.8% last year.
med
telemarketing litigation reshapes lead generation
The February 12, 2026 TCPA lawsuit targets unsolicited-call practices. For a company selling contractor leads, that is a direct model risk rather than a generic legal footnote.
If marketing tactics need to change, lead volume, conversion, or acquisition cost could all move the wrong way at once.
med
balance-sheet flexibility is thin
Angi carries $498M of long-term debt, which is 63% of capital, and its balance-sheet grade is C++. That is manageable only if the operating slide stops.
With the stock valued at roughly $296M, you are looking at a capital structure that leaves little room for another bad surprise.
a falling lead marketplace, legal pressure on customer acquisition, and $498M of debt make this less a turnaround in progress than a turnaround still on probation.
source: institutional data · regulatory filings · risk analysis
Pay attention to
next report
Q1 2026 earnings on May 6, 2026
You want one thing first: evidence that the roughly 60% network decline is easing. No stabilization, no clean turnaround case.
core metric
Ads & Leads revenue
It is $759M, or 76% of annual revenue, and it fell 13% last year. If that line keeps shrinking, the rest of the story does not matter much.
execution
whether AI and brand spend show up in actual demand
Management is talking more about product improvements. The proof will be better conversion, steadier revenue, and fewer signs that the marketplace is still losing relevance.
risk
TCPA case developments
A lead-generation business getting sued over calling practices deserves attention. You need to know whether this stays nuisance-sized or changes how Angi sources customers.
Analyst rankings
earnings predictability
15 / 100
low score, simple meaning: quarterly results are hard to model. in human-speak, analysts do not trust the line of sight here.
risk rank
5
risk rank 5 means this stock looks riskier than 95% of stocks in the dataset. That is speculative by any normal definition.
price stability
5 / 100
price stability this low means the chart can move faster than the thesis. If you own it, expect air pockets.
source: institutional data
Institutional activity
institutional ownership data for ANGI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$12
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive