Want to see ANGH full AI Analyst Report?
Top Page
Anghami Inc.
(NASDAQ:ANGH)
Select Model
Select Model
Rating:44Neutral
Price Target:
$4.00
▲(18.34% Upside)
Action:Reiterated
Date:07/03/26
The score is held down primarily by persistent and worsening losses plus ongoing cash burn, despite strong revenue growth. Technicals are generally weak (below key moving averages with negative MACD), and valuation is difficult to support with a negative P/E and no dividend yield data. Reduced leverage is a notable positive but not enough to offset profitability and cash-flow risks.
Positive Factors
Strong Revenue Growth
Rapid revenue expansion indicates improving scale and continued demand for Anghami’s streaming and audio services. If sustained, this growth can broaden the monetization base, support operating leverage, and strengthen the company’s position across MENA markets over the next several quarters.
Negative Factors
Persistent Negative Profitability
Negative gross profit shows that the core cost structure still exceeds revenue before broader operating expenses are considered. The widening net loss further indicates that scale has not yet translated into sustainable economics, leaving profitability improvement as a major execution requirement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Rapid revenue expansion indicates improving scale and continued demand for Anghami’s streaming and audio services. If sustained, this growth can broaden the monetization base, support operating leverage, and strengthen the company’s position across MENA markets over the next several quarters.
Read all positive factors
Anghami Inc. (ANGH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.44M
Dividend YieldN/A
Average Volume (3M)26.64K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth27.16%
EPS Growth-18.55%
CountryUS
Employees191
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-1.22
Shares Outstanding9,064,808
10 Day Avg. Volume10,834
30 Day Avg. Volume26,636
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)0.94
Price to Sales (P/S)0.26
P/FCF Ratio-0.73
Enterprise Value/Market Cap<0.01
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Anghami Inc. Business Overview & Revenue Model
Company Description
Anghami Inc. runs a digital music entertainment platform, primarily serving audiences across the Middle East and North Africa. Its service provides users with access to both Arabic and international music, available for streaming and download thro...
How the Company Makes Money
Anghami generates revenue primarily through a mix of subscription and advertising monetization on its streaming platform, as well as content and technology-related services. (1) Subscriptions: Users pay recurring fees for premium plans that typica...
Anghami Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
44
Neutral
Cash Flow
20
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 99.30M | 78.09M | 41.38M | 48.48M | 35.50M |
| Gross Profit | 0.00 | -25.25M | -24.02M | 10.29M | 9.35M | 9.04M |
| EBITDA | -6.32M | -74.13M | -55.35M | -11.52M | -55.98M | -14.53M |
| Net Income | -6.32M | -89.47M | -63.55M | -15.81M | -61.02M | -17.79M |
Balance Sheet | ||||||
| Total Assets | 101.11M | 113.87M | 124.08M | 19.46M | 29.63M | 13.03M |
| Cash, Cash Equivalents and Short-Term Investments | 38.41K | 22.40M | 14.17M | 6.24M | 3.14M | 1.08M |
| Total Debt | 1.00M | 126.18K | 12.30M | 170.90K | 360.80K | 18.78M |
| Total Liabilities | 9.31M | 87.84M | 65.43M | 33.56M | 36.07M | 40.99M |
| Stockholders Equity | 91.80M | 27.34M | 59.85M | -12.92M | -5.12M | -26.84M |
Cash Flow | ||||||
| Free Cash Flow | -777.32K | -35.31M | -47.41M | -3.98M | 17.06K | -14.31M |
| Operating Cash Flow | -777.32K | -35.21M | -47.36M | -3.88M | 17.06K | -14.14M |
| Investing Cash Flow | -1.00M | -790.69K | -1.04M | -1.31M | -12.58M | -1.49M |
| Financing Cash Flow | 968.52K | 44.11M | 56.31M | 8.31M | 15.04M | 10.65M |
Anghami Inc. Technical Analysis
Positive
3.38
Price Trends
3.53
Positive
3.69
Positive
3.42
Positive
Market Momentum
0.09
Negative
53.77
Neutral
52.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGH, the sentiment is Positive. The current price of 3.38 is below the 20-day moving average (MA) of 3.64, below the 50-day MA of 3.53, and below the 200-day MA of 3.42, indicating a bullish trend. The MACD of 0.09 indicates Negative momentum. The RSI at 53.77 is Neutral, neither overbought nor oversold. The STOCH value of 52.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ANGH.
Anghami Inc. Risk Analysis
Anghami Inc. disclosed 72 risk factors in its most recent earnings report. Anghami Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 3 New Risks
1.
We are a "controlled company" within the meaning of the rules of The Nasdaq Stock Market LLC and, as a result, can rely on exemptions from certain corporate governance requirements that provide protection to shareholders of other companies. Q4, 2023
2.
We may not be able to successfully integrate the OSN+ business or to realize the anticipated benefits of the transaction. Q4, 2023
3.
We face significant competition from companies that operate in the steaming video-based industry and entertainment video business generally and we compete with these companies for users, content providers and advertisers. Q4, 2023
Anghami Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | $14.45B | 21.40 | 90.84% | 2.79% | 12.91% | 125.41% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
52 Neutral | $626.34M | 69.15 | 2.34% | ― | 11.41% | 15.57% | |
45 Neutral | $31.54M | -1.46 | 114.87% | ― | -23.12% | 13.43% | |
44 Neutral | $34.44M | -0.29 | -205.22% | ― | 27.16% | -18.55% |
* Communication Services Sector Average
ANGH
Anghami Inc.
3.76
0.81
27.49%
LVO
LiveOne
2.59
-1.69
-39.49%
WMG
Warner Music Group
27.61
-5.76
-17.26%
RSVR
Reservoir Media
9.48
1.67
21.38%
Anghami Inc. Corporate Events
Anghami Announces Board Resignation and New Audit Committee Chair
Aug 14, 2026
On August 10, 2026, Anghami Inc., the Abu Dhabi–based digital media and technology company listed in the U.S., recorded a board-level change with the resignation of director Michael Johnson. The company specified that Johnson’s departu...
Anghami Forms Independent Committee as OSN Tables $3.39-Per-Share Going-Private Bid
Jun 30, 2026
On June 30, 2026, Anghami Inc. confirmed that its controlling shareholder, OSN Streaming Limited, has submitted a preliminary, non-binding proposal to take the company private by acquiring all outstanding ordinary shares it does not already own fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.