Angi Inc.
A home-services marketplace that connects homeowners with professionals across hundreds of categories, from plumbing to painting. It began in 1995 as Angie's List, when co-founder Angie Hicks went door-to-door collecting neighbors' ratings of local contractors; the name honors her. After merging with HomeAdvisor, the company spun off from parent IAC in March 2025 to operate independently.
10-Q · Quarter ended Jun 30, 2026 · SEC filing ↗
A $225.6 million non-cash erased the quarter's results. fell 11% to $248.0 million and the company posted a net loss of $230.7 million as U.S. Proprietary revenue declined 10% and dropped 34% following a homeowner choice transition. The signals that the carrying value of the U.S. business no longer matches its reduced revenue trajectory.
Angi Q2 2026 revenue fell 11% to $248M on U.S. weakness; a $225.6M goodwill impairment drove a net loss.
During the six months ended June 30, 2026, there have been no material changes to the Company’s instruments or positions that are sensitive to market risk since the disclosure in our Annual Report on Form 10-K for the year ended December 31, 2025. 47 Table of Contents
During the six months ended June 30, 2026, there have been no material changes to the Company’s instruments or positions that are sensitive to market risk since the disclosure in our Annual Report on Form 10-K for the year ended December 31, 2025. 47 Table of Contents
Read original filing text →Overview In the ordinary course of business, the Company and its subsidiaries are (or may become) parties to claims, suits, regulatory and government investigations, and other proceedings involving property, personal injury, intellectual property, privacy, tax, labor and employm…
Overview In the ordinary course of business, the Company and its subsidiaries are (or may become) parties to claims, suits, regulatory and government investigations, and other proceedings involving property, personal injury, intellectual property, privacy, tax, labor and employment, competition, commercial disputes, consumer protection and other claims, as well as stockholder derivative actions, class action lawsuits and other matters. Such claims, suits, regulatory and government investigations, and other proceedings could result in fines, civil or criminal penalties, or other adverse consequences. The amounts that may be recovered in such matters may be subject to insurance coverage. Although the results of legal proceedings and claims cannot be predicted with certainty, neither the Company nor any of its subsidiaries is currently a party to any legal proceedings the outcome of which, we believe, if determined adversely to us, would individually or in the aggregate have a material adverse effect on our business, financial condition or results of operations. However, the outcome of such matters is inherently unpredictable and subject to significant uncertainties. Rules of the SEC require the description of material pending legal proceedings (other than ordinary, routine litigation incident to the registrant’s business) and advise that proceedings ordinarily need not be described if they primarily involve damages claims for amounts (exclusive of interest and costs) not exceeding 10% of the current assets of the registrant and its subsidiaries on a consolidated basis. In the judgment of Company management, none of the pending litigation matters, which we are defending, involves or is likely to involve amounts of that magnitude.
Read original filing text →Angi recorded $235.2M in goodwill and trade name impairments in Q2 2026 due to a sustained stock price decline.