---
schema_version: "secwatch.filing_event.v1"
accession: "0001705110-26-000042"
form_type: "8-K"
ticker: "ANGI"
cik: "0001705110"
company_name: "Angi Inc."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:26:49.047228+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Angi Q1 revenue down 3% to $238.2M, posts operating loss of $9.5M, restructures workforce

## Summary
- Net loss of $9.0M ($0.22 diluted EPS) vs net income of $15.1M ($0.30) in Q1 2025.
- Adjusted EBITDA fell 17% to $22.9M; incurred $14.9M restructuring charge for workforce reduction.
- Proprietary Service Requests grew 17% YoY; Network Revenue fell 56% due to homeowner choice implementation.
- Repurchased $100M principal of 2028 Senior Notes at discount, generating $8.4M gain.
- Promoted Michael Wanderer to COO and appointed Austin Kaplicer as Chief Accounting Officer.

## SEC filing metadata
- accession: 0001705110-26-000042
- form_type: 8-K
- ticker: ANGI
- cik: 0001705110
- company_name: Angi Inc.
- filed_at: 2026-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/0001705110-26-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/angi-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001705110-26-000042
- JSON: https://secwatch.observer/filing/0001705110-26-000042.json
- Plain text: https://secwatch.observer/filing/0001705110-26-000042.txt

## Source-grounded claims
- claim_id: 96f0aa97d90caa9a34fe2c93e34dc4634e1076b2
  claim: Angi Inc. reported Q1 2026 results: revenue $238.2, net income $(9.0) million, EPS $(0.22) per diluted share.
  evidence_excerpt: ANGI INC. SUMMARY RESULTS ($ in millions except per share amounts) Q1 2026 Q1 2025 % Change Revenue $ 238.2 $ 245.9 (3) %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/0001705110-26-000042-index.htm
- claim_id: 123565a399
  claim: Austin Kaplicer was appointed as Principal Accounting Officer at Angi Inc..
  evidence_excerpt: Appointment of Principal Accounting Officer On May 4, 2026, Mr. Austin Kaplicer w
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/0001705110-26-000042-index.htm
- claim_id: 6ab159fc20
  claim: Michael Wanderer was appointed as Chief Operating Officer at Angi Inc..
  evidence_excerpt: On May 4, 2026, Mr. Michael Wanderer was appointed as Chief Operating Officer of Angi.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1705110/000170511026000042/0001705110-26-000042-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.