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Angi (ANGI) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 4, 2025

Angi (ANGI) reported revenue of $266M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -5% from the quarter before. Operating margin was 8.2%, net earnings $10.6M (4.0% of revenue).

Revenue$266M
Year over year-10%
Quarter over quarter-5%
Operating margin8.2%
Net earnings$10.6M

Angi, Q3 2025: revenue $266M (-10% year over year), operating margin 8.2%, net earnings $10.6M, operating cash flow $21.0M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$266M-5%-10%
Gross profit$253M-4%-10%
Operating profit$21.8M+23%+179%
Net earnings$10.6M-3%-70%
Operating cash flow$21.0M-63%-32%
Free cash flow$4.9M-89%-74%

What changed

Revenue was $265.6M in Q3 2025, down 10% year over year and down 5% from the previous quarter.

Gross margin was 95.3%, up 0.3 points from a year earlier. Operating profit was $21.8M, a 8.2% margin (up 5.6 points year over year). Operating expenses fell 16% while revenue fell 10%. Net earnings were $10.6M, down 70% year over year. The effective tax rate was 49.0%.

Operating cash flow was $21.0M (down 32% year over year), 198% of net earnings. Non-cash charges added back $11.9M of depreciation and $6.0M of share-based compensation. Working capital and other items used $7.5M. Capital expenditures of $16.0M left free cash flow of $4.9M.

Questions

What was Angi's revenue in the third quarter 2025?

Angi (ANGI) reported revenue of $266M for the third quarter 2025 (Q3 2025), -10% from a year earlier and -5% from the quarter before.

Was Angi profitable in the third quarter 2025?

Operating profit was $21.8M (8.2% of revenue) and net earnings $10.6M.

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Source: Angi 10-Q on SEC EDGAR.