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Operating Expense Breakdown
Details spending across marketing, product and engineering, sales and general administration. The allocation reveals whether Angi is prioritizing growth (heavy marketing), investing in product (R&D), or trimming costs — essential for assessing the path to sustainable margins and profitability.Angi materially pared its largest expense buckets—sales & marketing and G&A—after the 2022 peak, which helped push adjusted EBITDA higher and supports management’s cited operating‑cash floor. At the same time product development and depreciation trends point to an accounting/resource shift: more engineering is being capitalized (inflating EBITDA) while amortization and a one‑time goodwill hit have fallen away. Management’s AI‑native pivot explains the tradeoff—near‑term revenue opportunity cost and rising AI software/token costs are likely to push some operating expenses back up before expected revenue acceleration in 2027.
Date | Sales and Marketing | General and Administrative | Product Development | Goodwill Impairment | Depreciation | Amortization |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $142.26M | $59.88M | $10.90M | $225.63M | $21.04M | $0.00 |
Mar 31, 2026 | $139.93M | $57.93M | $10.44M | $0.00 | $14.69M | $0.00 |
Dec 31, 2025 | $120.24M | $62.07M | $15.93M | $0.00 | $13.18M | $0.00 |
Sep 30, 2025 | $129.31M | $69.41M | $20.75M | $0.00 | $20.75M | $0.00 |
Jun 30, 2025 | $139.45M | $74.08M | $23.59M | $0.00 | $10.28M | $0.00 |
Mar 31, 2025 | $118.54M | $57.32M | $27.09M | $0.00 | $9.95M | $0.00 |
Dec 31, 2024 | $130.82M | $73.28M | $22.51M | $0.00 | $20.31M | $0.00 |
Sep 30, 2024 | $155.44M | $76.83M | $24.31M | $0.00 | $24.31M | $0.00 |
Jun 30, 2024 | $158.32M | $84.37M | $24.78M | $0.00 | $24.32M | $0.00 |
Mar 31, 2024 | $157.05M | $85.52M | $23.76M | $0.00 | $23.85M | $0.00 |