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AI brief of an SEC Form 8-K · Angi Inc. (ANGI)

Angi posts $230.7 million Q2 2026 net loss as revenue falls 11% to $248.0 million

Negative Impact 4 of 5 earnings Written later

Angi reported second-quarter 2026 revenue of $248.0 million, down 11% from a year earlier, and a net loss of $230.7 million, or $5.70 per diluted share, after a $235.2 million non-cash impairment of goodwill and intangible assets. The filing gives no financial guidance, and shareholders' equity fell to $687.6 million at June 30, 2026, from $927.4 million at December 31, 2025. The company also changed its board and amended CEO Jeffrey Kip's performance stock unit award, removing stock price goals for two tranches.

Key points

  • Revenue was $248.0 million versus $278.2 million in Q2 2025; Adjusted EBITDA was $28.2 million versus $33.0 million.
  • Net loss of $230.7 million ($5.70 per diluted share) compares with net earnings of $10.9 million ($0.23 per share) a year earlier, driven by a $225.6 million goodwill impairment and a $9.6 million intangible impairment.
  • Large Pro and National Partnership Revenue grew 20%, the second straight quarter of 20%+ growth; the company launched a beta test of AI Front Desk in July 2026.
  • Director Jeremy Philips resigned from the board and Audit Committee effective August 4, 2026; Michael Steib was appointed a director the same day.

The filing

CompanyAngi Inc. (ANGI)
Form8-K, current report
Filed with the SECAug 4, 2026, 4:06 PM ET
Accession number0001705110-26-000077

Items reported: 2.02 Results of Operations5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.