Is Angi profitable in 2026?

No. Angi posted a GAAP net loss of $8.98M in Q1 2026, a swing from $15.1M net income a year earlier, with revenue of $238.2M down 3.2% YoY and cash burn of $33.6M, more than double the $15.7M burned in Q1 2025, as of May 5, 2026.

Could AI replace Angi's core business?

AI already automates parts of Angi's lead-matching and intake via its AI Helper tool launched June 2025. Rival Thumbtack is directly embedded in ChatGPT/Operator since 2025, while Angi as of May 2026 has no equivalent frontier-lab deal and only plans to integrate with unnamed LLM partners.

Who owns Angi Inc. now?

Angi is fully independent. IAC completed its spin-off on April 1, 2025, distributing Angi Class A shares to IAC shareholders and eliminating the prior dual-class voting structure; IAC no longer owns any Angi stock as of that date.

Who is Angi's biggest competitor?

Thumbtack is Angi's closest direct rival and has an AI-distribution edge, having been embedded into OpenAI's ChatGPT/Operator agent from January 2025 and fully operational by October 2025, a consumer-agent integration Angi had not matched as of May 2026.

How has Angi's stock performed in 2026?

Angi's stock has collapsed, with a 52-week range of $4.53 to $19.42 (an all-time low), market cap falling from about $776M at its April 2025 spin-off to roughly $242M by July 22, 2026, including a roughly 35% single-day drop on May 6, 2026.

Is Angi's revenue growing or shrinking?

Shrinking for three straight years: FY2023 revenue was $1.36B, FY2024 was $1.19B, and FY2025 fell to about $1.03B. Q1 2026 revenue of $238.2M was also down 3.2% year-over-year and missed analyst estimates, as of May 5, 2026.

Consumer platforms · United States

Angi Inc.

angi.com ↗

Angi runs an online marketplace connecting homeowners with local service pros.

Protection under test

Assessed 23 July 2026 · Evidence as of 23 July 2026

Something worth protecting exists and is being tested right now.

On the recordSince 23 July 2026 · Checkable from early August 2026 · Every call on the record Checkpoint: Q2 2026 earnings, first results since guidance withdrawal

The call

Angi is cutting staff and promising an AI-native platform while revenue keeps falling and Thumbtack already has the ChatGPT deal Angi doesn't.

Angi runs a website and app where people find plumbers, electricians, and other home service workers. Right now it is getting squeezed: Google Local Services Ads takes customers directly with search results, and ChatGPT now has Thumbtack (a rival site) built in, so people can get recommendations straight from an AI without visiting Angi at all. Angi's best hope is a tool called 'Angi Pro CRO' that would lock service professionals into using Angi's software to run their businesses, but that tool is not finished yet. The one thing that could turn this around is if Angi partners with a major AI company to show up inside a ChatGPT-like service the way Thumbtack does, but until that happens, rivals keep pulling away.

Why

AI pressure: Thumbtack (via ChatGPT/Operator integration). Thumbtack already sits inside ChatGPT for home-service queries; Angi has no matching consumer-agent deal yet. Could AI do the core job? Yes, likely.

Bigger players: Google Local Services Ads. Google LSAs capture pro-lead demand upstream of Angi's marketplace, squeezing volume and pricing. Could a giant copy it? Yes, easily.

What protects it. Existing pro-side database and lead-matching data, if Angi Pro CRO actually ships and pros adopt it.

What would change this call

Angi Q2 2026 earnings report, expected early August 2026. Revenue miss or wider cash burn would confirm continued customer and revenue loss.
Angi announces (or fails to announce) its own consumer-AI-agent distribution deal with a frontier lab. Shows whether Angi can match Thumbtack's ChatGPT integration or keeps falling behind.
Angi Pro CRO platform ship date and pro-adoption numbers through the 12-month migration window. Tests whether Angi's promised workflow lock-in actually materializes or slips further.

Key numbers

FY2025 revenue $1.03B, down from $1.19B FY2024 (2026-07-06)
Q1 2026 cash burn $33.6M, up from $15.7M year prior (2026-05-05)
Market cap fell from $776M to $242M since April 2025 spin-off (2026-07-22)

Named risks

Revenue declined three straight years ($1.36B to $1.19B to $1.03B FY2023-FY2025) with guidance withdrawn May 2026. Severity: high
Cash burn more than doubled to $33.6M in Q1 2026 from $15.7M a year earlier while funding AI pivot internally. Severity: high
Thumbtack's head start in ChatGPT/Operator distribution could compound before Angi lands an equivalent LLM partner. Severity: high
Active Pomerantz Law Firm investor-alert investigations into disclosure practices following May 2026 stock crash. Severity: medium
Angi Pro CRO and AI-native platform migration remain unshipped roadmap targeted for mid-2027 payoff. Severity: medium

Rivals, as read in July 2026

Rival	Direction	Evidence
Thumbtack	losing to	Embedded in OpenAI's ChatGPT/Operator since Jan 2025, live by Oct 2025; Angi has no equivalent deal as of May 2026
Google Local Services Ads	losing to	Contractors increasingly prioritize Google LSAs over marketplaces like Angi, reported June 20, 2026
Amazon Home Services	losing to	Cited as broadest geographic reach among incumbent adjacent giants pulling contractor spend, per June 2026 industry report
Yelp	contesting	Described as formidable competitor via review/ratings ecosystem extending into contractor discovery, per Oct 2025 report

Questions people ask

Is Angi profitable in 2026?: No. Angi posted a GAAP net loss of $8.98M in Q1 2026, a swing from $15.1M net income a year earlier, with revenue of $238.2M down 3.2% YoY and cash burn of $33.6M, more than double the $15.7M burned in Q1 2025, as of May 5, 2026.
Could AI replace Angi's core business?: AI already automates parts of Angi's lead-matching and intake via its AI Helper tool launched June 2025. Rival Thumbtack is directly embedded in ChatGPT/Operator since 2025, while Angi as of May 2026 has no equivalent frontier-lab deal and only plans to integrate with unnamed LLM partners.
Who owns Angi Inc. now?: Angi is fully independent. IAC completed its spin-off on April 1, 2025, distributing Angi Class A shares to IAC shareholders and eliminating the prior dual-class voting structure; IAC no longer owns any Angi stock as of that date.
Who is Angi's biggest competitor?: Thumbtack is Angi's closest direct rival and has an AI-distribution edge, having been embedded into OpenAI's ChatGPT/Operator agent from January 2025 and fully operational by October 2025, a consumer-agent integration Angi had not matched as of May 2026.
How has Angi's stock performed in 2026?: Angi's stock has collapsed, with a 52-week range of $4.53 to $19.42 (an all-time low), market cap falling from about $776M at its April 2025 spin-off to roughly $242M by July 22, 2026, including a roughly 35% single-day drop on May 6, 2026.
Is Angi's revenue growing or shrinking?: Shrinking for three straight years: FY2023 revenue was $1.36B, FY2024 was $1.19B, and FY2025 fell to about $1.03B. Q1 2026 revenue of $238.2M was also down 3.2% year-over-year and missed analyst estimates, as of May 5, 2026.

Timeline

2026-06-07Pomerantz Law Firm's latest investor-alert investigation into Angi disclosures
2026-05-14Angi execs cite March 2026 demand softening, homeowners shifting to smaller jobs
2026-05-06Angi withdraws guidance, unveils AI pivot and Angi Pro CRO product at Q1 earnings
2026-05-06Angi stock drops about 35% on guidance withdrawal and AI pivot news
2026-05-05Q1 2026 revenue $238.2M, down 3.2% YoY, misses $240.6M estimate
2026-02-06Denver Post reports Angi cutting 350 jobs amid AI-driven efficiency push
2026-01-07Angi discloses ~350 employee reduction in SEC filing tied to AI efficiency
2025-10-01Thumbtack's ChatGPT/Operator integration reported fully operational
2025-06-01Angi launches AI Helper tool, claims ~30% matching accuracy improvement
2025-04-01IAC completes spin-off of Angi as fully independent public company

Revision history

23 July 2026

First assessed. Protection under test. The text above is fixed as of this date and is not edited afterwards.

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