Angi Inc., formerly ANGI Homeservices Inc., is a leading internet services company formed in 2017 through the merger of Angie's List and HomeAdvisor, with roots dating back to 1995. Headquartered in Denver, Colorado, it operates as a subsidiary of IAC/InterActiveCorp. The company's core is a two-sided marketplace: for homeowners, it ...Angi Inc., formerly ANGI Homeservices Inc., is a leading internet services company formed in 2017 through the merger of Angie's List and HomeAdvisor, with roots dating back to 1995. Headquartered in Denver, Colorado, it operates as a subsidiary of IAC/InterActiveCorp. The company's core is a two-sided marketplace: for homeowners, it offers access to a vast network of pre-screened and customer-rated professionals across over 500 categories, from plumbing and electrical work to remodeling and landscaping. Consumers benefit from verified reviews, cost guides, and tools for researching, comparing, and hiring local experts, as well as features like online booking. For service professionals, Angi provides lead generation through its Angi Ads service, offering advertising across web, mobile, and digital magazines, plus business management tools for quoting, invoicing, and payment processing. The company also runs Angi Leads, which focuses on connecting pros with ready-to-hire consumers via phone and online. Its portfolio includes specialized platforms like Handy for household tasks such as cleaning and handyman services, and Angi Roofing for roof repair. Internationally, it operates brands like Travaux, MyHammer, Werkspot, MyBuilder, and Instapro across Europe. Financially, Angi has a market cap of around $185 million as of early 2025, with revenue per share of $24.53, but it reports negative margins due to ongoing investments and restructuring. As of December 31, 2021, it boasted approximately 206,000 transacting professionals and 38,000 ad customers. The company has faced challenges, including declining employee count over recent years, but continues to innovate, launching an 'AI Helper' in 2025 on its 30th anniversary. Led by CEO Jeffrey W. Kip since April 2024, Angi remains a pivotal player in the home services industry, dedicated to making home improvement simple and reliable for millions.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$1.0B
-13.0%
+4.1%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$43.8M
+21.7%
-2469.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+90.8%
-4.5%
+6.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+7.6%
+310.9%
-4211.8%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+4.3%
+40.0%
-2367.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$45.5M
-56.9%
+136.4%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+4.4%
-50.4%
+134.9%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
55.1%
+0.9%
+12.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
1.65x
-22.9%
-20.1%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Welcome to the Angi First Quarter 2026 Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Julie Hoarau, Chief Financial Officer. Please go ahead.
Julie Hoarau: Good morning, everyone. I'm Julie Hoarau, the CFO of Angi Inc. and welcome to Angi Inc.'s first quarter earnings call. Joining me today is Jeff Kip, CEO of Angi. Angi has published a shareholder letter, which is currently available on Angi's website in the Investor Relations section. We will not be reading the shareholder letter on this call. I will soon pass it over to Jeff for a few introductory remarks and then open it up to Q&A. Before we get to that, I'd like to remind you that during this presentation, we may make certain statements that are considered forward-looking under the federal securities laws. These forward-looking statements may include statements related to our outlook, strategy and future performance and are based on our current expectations, and on information currently available to us. Actual outcomes and results may differ materially from the future results expressed or implied in these statements, due to a number of risks and uncertainties, including those contained in our most recent quarterly report on Form 10-Q, our most recent annual report on Form 10-K and in the subsequent reports that we have filed with the SEC. The information provided on this conference call should be considered in light of such risks. We will also discuss certain non-GAAP measures, which, as a reminder, include adjusted EBITDA, which we'll refer to today as EBITDA for simplicity during the call. I will also refer you to our earnings release, shareholder letter and public filings with the SEC and again to our Investor Relations section of our website for all comparable GAAP measures and full reconciliations for all material non-GAAP measures. Now I will pass it off to Jeff.
Jeffrey Kip: Good morning. Thank you all for taking the time to read our letter and join us today. We know everybody is busy. Just to repeat a little bit of what I wrote in the letter. We believe we're in the most -- in the middle of the most transformational time in technology in a generation. We think AI agents and agentic coding presents Angi opportunities that we did not have in the same way or fashion 12 or even a few months ago. We believe it's incumbent upon us with good stewards of the company and its capital to move aggressively to take advantage of these opportunities, moving from our legacy platform to a new AI native technology platform for our core business in flywheel, much faster as the first building agents to multiply the effectiveness of our core customer experience and offer new capabilities to our Pro customers, what we are now calling the Angi Pro Chief Revenue Officer is the second. And finally, leveraging a agentic coding to build these agents in the platform twice as fast as we could before is the …
