Revenue contraction and swing to a GAAP loss signal deteriorating fundamentals. Monitor the May 6 conference call for FY2026 revenue growth guidance and updates on the AI-platform strategy. The debt repurchase improves the balance sheet but does not offset operational headwinds.
Price Chart
Executive Summary
Angi Inc. reported Q1 2026 revenue of $238.2M, down 3% YoY, and a GAAP net loss of $0.22 per share vs. a profit of $0.30 last year. Adjusted EBITDA fell 17% to $22.9M as the company incurred $14.9M in restructuring charges while increasing brand marketing spend. Despite modest growth in proprietary service requests (up 17%) and a $100M debt repurchase, the deterioration in profitability and continued revenue contraction signal ongoing business transition challenges.
Key Financial Metrics
Key Facts
- Q1 2026 revenue $238.2M, down 3% YoY from $245.9M
- GAAP diluted EPS ($0.22), compared to $0.30 in Q1 2025
- Adjusted EBITDA $22.9M, down 17% from $27.7M
- Operating loss of $9.5M vs operating income of $20.0M last year, including $14.9M restructuring charge
- U.S. proprietary service requests grew 17% YoY, but total U.S. revenue declined 5%
- Repurchased $100M of senior notes at a discount, generating $8.4M gain
- Promoted Michael Wanderer to COO and appointed Austin Kaplicer as Chief Accounting Officer
Financial Impact
Quarterly revenue decline of $7.7M YoY, GAAP net loss of $9.0M vs. $15.1M profit, and adjusted EBITDA contraction of $4.8M.
Risk Factors
- Network revenue continues to decline (56% drop) as homeowner choice transition impacts legacy channels
- Restructuring costs may indicate deeper structural issues; further workforce reductions possible
- Increased consumer marketing spend (46% of U.S. revenue) pressures near-term margins
- Proactive debt reduction consumes cash ($244.6M remaining) and limits financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001705110-26-000042 |
| Document: angi-20260505.htm | 0001705110-26-000042 |
| Document: 0001705110-26-000042-index-headers.html | 0001705110-26-000042 |
| Document: 0001705110-26-000042-index.html | 0001705110-26-000042 |
| Document: 0001705110-26-000042.txt | 0001705110-26-000042 |
| 8-K Data (Synthetic) | 0001705110-26-000042 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 12, 2026 7w ago | Institutional Cluster | $4.83 $4.72 | ▼ −2.28% | ▼ −0.53% | $5.86 (+21.33%) |
Aug 5, 2026 8w ago | 3 | $4.96 $4.86 | ▼ −2.02% | ▼ −2.62% | $5.86 (+18.15%) |
Jun 11, 2026 16w ago | Institutional Cluster | $5.49 $6.36 | ▼ −15.85% | ▼ −13.96% | $5.86 (−6.74%) |
May 5, 2026 21w ago | 8-K | $4.80 $6.03 | ▼ −25.63% | ▼ −22.84% | $5.86 (−22.08%) |
Apr 15, 2026 24w ago | Press Release | $7.27 $4.90 | ▼ −32.60% | ▼ −38.41% | $5.86 (−19.39%) |
Mar 12, 2026 29w ago | 8-K | $7.51 $6.85 | ▼ −8.79% | ▼ −10.76% | $5.86 (−21.97%) |
US Market Status
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