Angi Inc

ir.angi.com

What Do They Do?

Connects homeowners with local home service professionals and gives consumers tools to find, compare, and hire pros for repair, maintenance, and improvement projects.

How Do They Make Money?

In the U.S., Pros pay for consumer matches and advertising or membership subscriptions, while consumers pay for pre-priced services; match fees are invoiced after a match, and consumers are billed when jobs start. International revenue comes from Pro fees for consumer matches and memberships.

revenue

Segment	Share	Revenue	How money arrives
U.S. Mix	88%		Mix
International Mix	12% FY2022: 5.7%		Mix

Who Are Their Customers?

Homeowners use Angi’s platforms and affiliate sites to find local Pros; Pros buy services and memberships through Angi’s sales team or online. Some consumers request services through retail partners, which connect them with Angi-referred Pros.

Do Revenues Turn Into Profits?

Yes. It kept 4 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025

6% of revenue

▲ +199% vs FY2024 ($21.9M, 2%)

Net income, FY2025

4% of revenue

▲ +19% vs FY2024 ($36.8M, 3%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▼ −11%; vs $278.2M in Q2 FY2025
Net income: ▼ Now a loss; vs $10.9M in Q2 FY2025

U.S. share of revenue vs 88.3% in Q2 FY2025

Mar 12, 2026 Julie Hoarau succeeded Andrew Russakoff as CFO Russakoff resigned voluntarily, and Hoarau had served as chief accounting officer.

Shrinking. Revenue fell 36% in 4 years, from $1.6B in FY2021 to $1B in FY2025, about 11% a year.

Roofing sale The earlier report described a Roofing business providing roof replacement and repair to consumers. The latest report says the Roofing segment was sold and treated as a discontinued operation.

Advertising moves to subscriptions The earlier report described term-based advertising sold to service professionals. The latest report says Angi ended that offer and moved those Pros to a subscription based on consumer matches.

Revenue over time

U.S. International Services revenue Ads and Leads

$2B$1B$0

FY2021 FY2022 FY2023 FY2024 FY2025

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