Angi FY 2025 earnings snapshot

Angi (ANGI) has wrapped up FY 2025 with fourth quarter revenue of US$240.8 million and basic EPS of US$0.17, alongside net income of US$7.2 million, putting a cleaner set of numbers in front of investors. The company has seen quarterly revenue move from US$296.7 million in Q3 2024 to US$245.9 million in Q1 2025 and US$240.8 million in Q4 2025, while basic EPS has ranged from US$0.71 in Q3 2024 to US$0.30 in Q1 2025 and US$0.17 in the latest quarter. This gives a clear look at how the top and bottom lines have tracked through the year. With a trailing twelve month net margin of 4.3% versus 3.0% the prior year, this print keeps the focus squarely on how sustainably Angi is converting revenue into profit.

See our full analysis for Angi.

With the headline numbers on the table, the next step is to see how this earnings run lines up against the widely shared narratives around Angi's growth, profitability and risk profile, and where those stories might need a rethink.

Margins edge up to 4.3% on the year

• Over the last 12 months Angi generated US$1.0b of revenue and US$43.8 million of net income, which works out to a 4.3% net margin compared with 3.0% the prior year in the dataset.
• Consensus narrative talks about margin gains coming from a unified platform and AI tools improving matching and conversion, and the reported move from 3.0% to 4.3% net margin supports the idea that profitability is improving even while quarterly revenue has stepped down from US$278.2 million in Q2 2025 to US$240.8 million in Q4 2025.
  • Within FY 2025, net income ranged from US$15.1 million in Q1 to US$7.2 million in Q4, which lines up with analysts expecting earnings growth to lean more on margin quality than on rapid top line expansion.
  • Analysts also expect profit margins to reach 9.5% in a few years in their consensus narrative, so the current 4.3% level is still well below that target, giving you a concrete check on how far the story has to run.

Growth forecasts trail US market averages

• Forecasts in the data point to revenue growth of about 3.2% a year and earnings growth of about 5.6% a year, compared with 10.4% and 15.8% a year respectively for the broader US market.
• Bears argue that rising competition and higher customer acquisition costs could keep Angi on this slower growth track, and the current forecasts already sitting below market averages echo that concern even though trailing year earnings growth of 21.7% and a five year earnings growth rate of 45.8% a year show the business has produced strong profit growth over a longer stretch.
  • The cautious narrative highlights pressure from paid marketing and alternative channels for service professionals, and the modest 3.2% forecast revenue growth gives a numerical anchor to that worry about top line momentum.
  • At the same time, the fact that trailing earnings grew 21.7% year on year indicates that slower forward looking growth expectations are not just a simple extension of the recent earnings trend, which is something to keep in mind if you are weighing the bearish case.

Bears say rising costs and tougher competition will keep growth muted, so it can help to see how that view lines up with the data in the full bear story: 🐻 Angi Bear Case

P/E of 8.4x and DCF fair value gap

• The data shows Angi trading at a P/E of 8.4x, compared with 15.4x for peers and 11.9x for the industry, while the current share price of US$9.20 sits well below the DCF fair value of about US$30.27.
• Bulls point to this discount and to multi year earnings growth of 45.8% a year as reasons the stock could be mispriced, and the combination of a lower P/E and a DCF fair value more than triple the current price heavily supports the idea that expectations embedded in the market price are much more cautious than the bullish narrative that looks for higher margins and earnings of over US$100 million in a few years.
  • Analysts in that bullish camp assume earnings can reach US$110.5 million with profit margins of 9.5%, and comparing that to the current trailing net income of US$43.8 million helps you see how much earnings progress that view is baking in.
  • Even if you just focus on the last 12 months where Angi earned US$1.00 of EPS and about US$43.8 million of net income, the 8.4x P/E and the DCF fair value of US$30.27 present a valuation story that is very different from the slower 3.2% revenue growth forecast.

If you want to see how those margin, growth and valuation numbers fit into the optimistic case in full, the bull side of the story is laid out here: 🐂 Angi Bull Case

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Angi on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

See the numbers differently? If you think the data tells another story, shape your own view in just a few minutes and Do it your way

A good starting point is our analysis highlighting 4 key rewards investors are optimistic about regarding Angi.

See What Else Is Out There

Angi's story mixes a modest 3.2% revenue growth forecast with pressure on margins and competition, which leaves some investors questioning its long term momentum.

If that slower growth outlook has you wanting more punch in your portfolio, run your eye over our 51 high quality undervalued stocks that pair stronger potential with disciplined fundamentals right now.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.