Filing Flows › Angi (ANGI) › Q1 2025
Angi (ANGI) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Angi (ANGI) reported revenue of $246M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -8% from the quarter before. Operating margin was 8.1%, net earnings $15.1M (6.1% of revenue).
Angi, Q1 2025: revenue $246M (-20% year over year), operating margin 8.1%, net earnings $15.1M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $246M | -8% | -19% |
| Gross profit | $233M | -7% | -20% |
| Operating profit | $20.0M | +824% | +636% |
| Net earnings | $15.1M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $245.9M in Q1 2025, down 19% year over year and down 8% from the previous quarter.
Gross margin was 94.7%, down 1.2 points from a year earlier. Operating profit was $20.0M, a 8.1% margin (up 7.2 points year over year). Operating expenses fell 27% while revenue fell 19%. The fastest-growing cost line was Research & development (+14%). Net earnings were $15.1M. The effective tax rate was 23.7%.
Operating cash flow was −$3.1M. Non-cash charges added back $9.9M of depreciation. Working capital and other items used $28.2M. Capital expenditures of $12.6M exceeded it, leaving free cash flow of −$15.7M.
Questions
What was Angi's revenue in the first quarter 2025?
Angi (ANGI) reported revenue of $246M for the first quarter 2025 (Q1 2025), -19% from a year earlier and -8% from the quarter before.
Was Angi profitable in the first quarter 2025?
Operating profit was $20.0M (8.1% of revenue) and net earnings $15.1M.
Source: Angi 10-Q on SEC EDGAR.