What is Angi company's net worth?

Angi's Net Worth: Market Cap vs. Book Value, Explained

Angi's market capitalization stands at approximately $231.982 million, with the stock trading at $5.72 and a 52-week range of $4.26–$16.49, according to the latest Yahoo Finance data. This figure represents the market's current valuation of the company and serves as the standard proxy for net worth in financial analysis. In contrast, Angi's last reported shareholders' equity was $1.048 billion as of March 31, 2023, reflecting its book value based on total assets minus liabilities.

This book value figure has since been materially reduced by a $235.2 million non-cash goodwill and intangible impairment recorded in Q2 2026, which was explicitly triggered by sustained declines in the company's market capitalization since year-end, as confirmed by CFO Julie Hoarau during the Q2 2026 earnings call. While the impairment does not affect cash flow or liquidity, it significantly lowers the book value of equity, meaning the current shareholders' equity is notably less than the $1.048 billion reported in 2023. Neither metric captures the real-world experience of contractors using the platform, where lead quality and acquisition cost directly impact profitability.

For contractors, the effective customer acquisition cost on Angi Leads often exceeds $1,400 per booked job due to leads being shared with 3–8 providers simultaneously, a model that drives up cost and reduces conversion efficiency. This contrasts sharply with approaches that limit lead distribution and prioritize speed of response, such as GrowthPros' capped-shared model, which delivers leads to a maximum of two buyers and includes AI-powered voice, SMS, and email follow-up within five minutes. Such timely engagement increases the likelihood of contact by roughly 100x compared to a 30-minute delay, and about 78% of buyers choose the first responder. These dynamics highlight why financial metrics like market cap or book value fail to reflect the operational realities faced by service professionals evaluating lead vendors. Businesses assessing lead generation platforms should consider how lead exclusivity, response speed, and vendor limits influence actual job conversion and return on investment. Booking a 15-minute qualification call at growthpros.marketing allows contractors to evaluate whether exclusive or capped-shared leads with rapid AI follow-up align better with their growth goals than shared marketplace models.

From $1.8B Peak to Shrinking Revenue: Why Angi Is Deliberately Getting Smaller

Angi's revenue peaked near $1.8 billion in 2022 — today its trailing twelve-month revenue sits at $992.55 million, and the company's market capitalization has fallen to roughly $232 million. The striking part: this contraction is largely by design.

According to industry analysis, management deliberately cut revenue by roughly 30% from the 2022 peak to approximately $1.1 billion in FY2025, trading top-line growth for financial health. The pivot worked in one sense: free cash flow swung from -$69 million in 2022 to +$105 million in 2024. But the costs are visible everywhere else.

The latest quarterly filing tells the story in numbers:

• Q2 2026 net loss of $230.7 million, driven by a $235.2 million non-cash impairment
• Average monthly active Pros down 17% to 106,000
• Total U.S. leads down 13% to 4.838 million

The impairment, CFO Julie Hoarau explained on the earnings call, was "triggered by sustained declines in the company's market capitalization since year-end." Beneath the headline loss, Angi posted positive adjusted EBITDA of $28.2 million in Q2 and targets roughly $50 million annually in adjusted EBITDA less CapEx.

Structural changes compounded the shrinkage. Angi completed its spin-off from IAC in April 2025, becoming fully independent after IAC previously held an 83.9% economic interest. Then came the January 2025 "homeowner choice" lead model, which caused network revenue to drop 79% in Q4 2025 as Angi pushed volume toward proprietary channels — now over 80% of total volume.

Angi has also reorganized around an AI-native strategy, launching "AI Front Desk" in beta. Its homeowner AI agent touches 50% of traffic and converts at 3x the rate of non-interacting traffic — independent validation that fast, automated follow-up is what converts leads, the same thesis behind GrowthPros' five-minute AI response window.

For contractors, the vendor-selection question is sharper than the financials suggest. Angi shares leads with 3–8 contractors, and effective acquisition costs can exceed $1,400 per booked job — 4 to 5 times higher than SEO or Google Ads. A shrinking marketplace with shared-lead economics still leaves buyers competing on speed rather than exclusivity.

CEO Jeff Kip estimates matching small-business penetration rates could yield roughly $2.5 billion in revenue, with a possible return to growth "at some point in 2027." Until then, contractors evaluating lead vendors face a marketplace getting smaller by choice — and analysts like UBS remain cautious, cutting their price target from $11 to $5.

The Real Cost of Shared Leads: Why Angi's Model Costs Contractors

Every lead you buy on Angi is a lead you're competing for — and the math of that competition is brutal. According to industry analysis of the platform, Angi shares each lead with 3–8 contractors simultaneously, which means the same homeowner inquiry lands in up to eight inboxes at once. You're not buying a customer; you're buying a seat at a bidding war.

The consequences show up in the numbers. Contractors report effective acquisition costs exceeding $1,400 per booked job on Angi Leads — roughly 4–5 times higher than comparable acquisition through SEO or Google Ads, per the same industry analysis. The sticker price looks reasonable — an annual fee of roughly $288–300 plus $15–85 per lead — but when seven other pros are calling the same homeowner, most of those leads go nowhere.

The reputational and regulatory record tells the same story from another angle:

• BBB ratings for Angi average just 1.96 out of 5 stars across its platforms.
• The FTC settled a deceptive marketing complaint against Angi in April 2023, issuing up to "$7.2 million in refunds to contractors".
• The Vermont AG settled for $100,000 in October 2025 over misleading "Certified Pro" claims.
• Angi's average monthly active Pros fell 17% to 106,000, per its latest 8-K filing — contractors are voting with their feet.

The contrast with exclusive-lead models is structural, not cosmetic. An exclusive lead goes to one buyer; a capped-shared lead goes to a hard maximum of two — never the five-to-eight contractor scrum of a shared marketplace. Exclusive leads cost more per lead, but they close 15–30% higher, which is why the effective math often favors them even at a higher sticker price.

Even Angi's own data validates the follow-up thesis. Per the company's Q2 earnings call, Angi's homeowner AI agent touches 50% of traffic and converts at 3x the rate of non-interacting traffic. Fast, automated AI follow-up demonstrably moves conversion — independent confirmation of what speed-to-lead vendors like GrowthPros build into every delivered lead: AI voice, SMS and email response inside a five-minute window, 24/7.

For contractors evaluating lead vendors, the takeaway is straightforward: divide your total spend by booked jobs, not by leads purchased. If that number looks like $1,400, the shared-lead model is the problem — and exclusive or two-buyer-capped leads with immediate AI follow-up are the fix.

How to Evaluate a Lead Vendor When a $700B Market Is Up for Grabs

How to Evaluate a Lead Vendor When a $700B Market Is Up for Grabs

The home-services industry represents a $700 billion opportunity, yet less than 1.5% of that total addressable market flows through Angi, highlighting both the scale of the gap and the urgency for contractors to find better lead sources. With 62% of contractors citing lead generation as their biggest challenge and sector lead prices ranging from $10 to $200 per lead, choosing the right vendor isn’t just tactical — it’s strategic. Contractors need a clear framework to cut through noise and identify partners that deliver real pipeline, not just volume.

Start with lead exclusivity and sharing limits. Angi’s model shares each lead with 3–8 contractors simultaneously, driving effective customer acquisition costs above $1,400 per booked job — 4–5 times higher than SEO or Google Ads. In contrast, vendors offering exclusive or capped-shared leads (max two buyers) reduce competition and improve close rates by 15–30%. Next, evaluate speed-to-lead: contacting a lead within five minutes makes engagement roughly 100x more likely than at thirty minutes, and 78% of buyers choose the first responder. AI-driven follow-up within this window — via voice, SMS, and email — ensures no opportunity cools.

Consent and compliance are non-negotiable. Every lead must include a verifiable consent record with disclosure text, timestamp, IP address, and the named contacting party to satisfy FCC one-to-one rules and avoid TCPA risk. Finally, assess reactivation potential: dormant, opted-in lists typically yield 8–15% re-engagement through multi-channel AI sequences, turning old data into fresh pipeline without new acquisition cost. These criteria separate transactional vendors from true growth partners.

• Lead exclusivity: exclusive or capped-shared (max two buyers)
• Speed-to-lead: AI follow-up within five minutes
• Consent records: disclosure, timestamp, IP, and contacting party
• Reactivation potential: 8–15% re-engagement from dormant lists
• CRM integration: native or webhook delivery with consent trail

For contractors ready to move beyond shared-lead inefficiencies, the next step is a 15-minute qualification call to discuss exclusive leads, dead list reactivation, or both — tailored to your niche and growth goals. Book that conversation at growthpros.marketing or email [email protected] to see how qualified, consent-recorded leads delivered in minutes can transform your pipeline.