Anghami Inc.(ANGH)Earnings, Financials & Key Ratios
ANGH•NASDAQ
$3.65
$24M mkt cap·Price updated May 6, 2026
AboutAnghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers a music application and platform that provides Arabic and international music to stream and download. The company was founded in 2012 and is based in Abu Dhabi, the United Arab Emirates.Show more
- Revenue$78M+88.7%
- EBITDA-$56M-392.5%
- Net Income-$64M-301.9%
- EPS (Diluted)-11.00-266.7%
- Gross Margin-30.76%-223.7%
- EBITDA Margin-71.51%-160.9%
- Operating Margin-79.57%-126.2%
- Net Margin-81.38%-113.0%
- ROE-285.36%
- ROIC-254.53%
- Debt/Equity0.21
- Interest Coverage-744.75-1256.5%
ANGH Key Insights
Anghami Inc. (ANGH) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 83 (top 17%)
- ✓Strong 5Y sales CAGR of 20.1%
- ✓Trading at only 0.4x book value
✗Weaknesses
- ✗Profits declining 56.6% over 5 years
- ✗Weak Piotroski F-Score: 2/9
- ✗Negative free cash flow
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
ANGH Price & Volume
Anghami Inc. (ANGH) stock price & volume — 10-year historical chart
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ANGH Growth Metrics
Anghami Inc. (ANGH) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years20.12%
3 Years30.05%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-81.56%
5 Years-81.56%
3 Years-206.34%
Last Year-206.34%
ANGH Peer Comparison
Anghami Inc. (ANGH) competitors in Music and Audio Platforms — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SPOT | 87.53B | 425.25 | 34.48 | 9.65% | 15.45% | 35.34% | 0.28 | |
 IHRT | 910.95M | 5.87 | -1.92 | 0.27% | -12.23% | |||
 AAPL | 4.22T | 287.46 | 38.53 | 6.43% | 27.15% | 146.69% | 1.52 | |
 AMZN | 2.96T | 274.95 | 38.35 | 12.38% | 12.22% | 23.34% | 0.37 | |
 GOOGL | 4.81T | 397.82 | 36.80 | 15.13% | 37.91% | 38.98% | 0.14 | |
 SIRI | 8.98B | 26.68 | 11.86 | -1.62% | 9.86% | 7.33% | 0.84 | |
 WMG | 15.85B | 30.35 | 43.36 | 4.37% | 4.43% | 38.27% | 6.09 | |
 BAND | 1.49B | 46.45 | -108.02 | 0.71% | 1.96% | 4.04% | 1.75 |
Compare ANGH vs Peers
Anghami Inc. (ANGH) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ANGH Income Statement
Anghami Inc. (ANGH) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 31.23M | 0 | 35.5M | 48.48M | 41.38M | 78.09M | 0 |
| Revenue Growth % | - | -100% | - | 36.55% | -14.65% | 88.72% | - |
| Cost of Goods Sold | 21.55M | 0 | 26.46M | 39.13M | 31.09M | 102.12M | 0 |
| COGS % of Revenue | 69.02% | - | 74.53% | 80.71% | 75.13% | 130.76% | - |
| Gross Profit | 9.67M▲ 0% | 0▼ 100.0% | 9.04M▲ 0% | 9.35M▲ 3.4% | 10.29M▲ 10.1% | -24.02M▼ 333.4% | 0▲ 0% |
| Gross Margin % | 30.98% | - | 25.47% | 19.29% | 24.87% | -30.76% | - |
| Gross Profit Growth % | - | -100% | - | 3.43% | 10.06% | -333.41% | - |
| Operating Expenses | 14.92M | 576.32K | 22.61M | 26.73M | 24.85M | 38.12M | 911.32K |
| OpEx % of Revenue | 47.79% | - | 63.67% | 55.14% | 60.05% | 48.81% | - |
| Selling, General & Admin | 14.92M | 576.32K | 24.36M | 29.96M | 24.48M | 38.09M | 911.32K |
| SG&A % of Revenue | 47.79% | - | 68.61% | 61.79% | 59.17% | 48.78% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | -1.75M | -3.23M | 366K | 24.13K | 0 |
| Operating Income | -5.25M▲ 0% | -576.32K▲ 89.0% | -13.56M▼ 2253.6% | -17.38M▼ 28.1% | -14.56M▲ 16.2% | -62.14M▼ 326.8% | -911.32K▲ 0% |
| Operating Margin % | -16.81% | - | -38.2% | -35.85% | -35.18% | -79.57% | - |
| Operating Income Growth % | - | 89.02% | -2253.58% | -28.13% | 16.23% | -326.85% | - |
| EBITDA | -4.58M | 941.64K | -12.61M | -13.58M | -11.34M | -55.84M | -6.32M |
| EBITDA Margin % | -14.67% | - | -35.52% | -28.02% | -27.4% | -71.51% | - |
| EBITDA Growth % | - | 120.55% | -1439.32% | -7.71% | 16.52% | -392.46% | - |
| D&A (Non-Cash Add-back) | 668.62K | 0 | 952.54K | 3.79M | 3.22M | 6.3M | 0 |
| EBIT | -5.33M | 941.64K | -15.48M | -59.78M | -14.74M | -61.74M | -6.32M |
| Net Interest Income | -975.03K | 49.6K | -2.53M | -537.72K | -249.56K | 455.98K | 56.27K |
| Interest Income | 3.31K | 49.6K | 145.11K | 15.04K | 18.96K | 538.88K | 56.27K |
| Interest Expense | 978.33K | 0 | 2.68M | 552.75K | 268.52K | 82.9K | 0 |
| Other Income/Expense | -1.06M | 1.52M | -4.15M | -42.95M | -452.84K | 319.05K | -5.4M |
| Pretax Income | -6.31M▲ 0% | 941.64K▲ 114.9% | -17.71M▼ 1980.8% | -60.33M▼ 240.6% | -15.01M▲ 75.1% | -61.82M▼ 311.8% | -6.32M▲ 0% |
| Pretax Margin % | -20.2% | - | -49.88% | -124.43% | -36.27% | -79.16% | - |
| Income Tax | 638.97K | 0 | 340K | 892.94K | 654.99K | 1.77M | 0 |
| Effective Tax Rate % | -10.13% | 0% | -1.92% | -1.48% | -4.36% | -2.87% | 0% |
| Net Income | -6.75M▲ 0% | 941.64K▲ 114.0% | -17.79M▼ 1988.9% | -61.02M▼ 243.1% | -15.81M▲ 74.1% | -63.55M▼ 301.9% | -6.32M▲ 0% |
| Net Margin % | -21.6% | - | -50.1% | -125.86% | -38.21% | -81.38% | - |
| Net Income Growth % | - | 113.96% | -1988.91% | -243.06% | 74.08% | -301.9% | - |
| Net Income (Continuing) | -6.95M | 941.64K | -18.05M | -61.22M | -15.67M | -63.59M | -6.32M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | -700.08K | 0 | -1.12M | -1.32M | -1.17M | -1.21M | 0 |
| EPS (Diluted) | -1.30▲ 0% | 0.18▲ 114.1% | -3.45▼ 1980.1% | -11.75▼ 240.6% | -3.00▲ 74.5% | -11.00▼ 266.7% | -1.23▲ 0% |
| EPS Growth % | - | 114.12% | -1980.11% | -240.58% | 74.47% | -266.67% | - |
| EPS (Basic) | -1.30 | 0.18 | -3.45 | -11.75 | -3.00 | -11.00 | - |
| Diluted Shares Outstanding | 5.15M | 5.13M | 5.15M | 5.2M | 5.29M | 5.76M | 5.13M |
| Basic Shares Outstanding | 5.15M | 5.13M | 5.15M | 5.2M | 5.29M | 5.76M | 5.13M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
ANGH Balance Sheet
Anghami Inc. (ANGH) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 8.64M | 709.88K | 10.49M | 18.1M | 15.1M | 30.75M | 38.41K |
| Cash & Short-Term Investments | 1.26M | 709.88K | 1.08M | 3.14M | 6.24M | 14.17M | 38.41K |
| Cash Only | 1.26M | 709.88K | 649.97K | 3.12M | 6.24M | 14.15M | 38.41K |
| Short-Term Investments | 0 | 0 | 433.66K | 17.95K | 536 | 22.78K | 0 |
| Accounts Receivable | 6.51M | 0 | 8.62M | 13.11M | 8.25M | 15.32M | 0 |
| Days Sales Outstanding | 76.14 | - | 88.59 | 98.67 | 72.77 | 71.59 | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 2.08M | 100.05M | 2.54M | 11.54M | 4.36M | 93.33M | 101.07M |
| Property, Plant & Equipment | 678.07K | 0 | 446.09K | 2.5M | 1.96M | 1.57M | 0 |
| Fixed Asset Turnover | 46.05x | - | 79.59x | 19.41x | 21.17x | 49.80x | - |
| Goodwill | 0 | 0 | 0 | 600K | 600K | 0 | 0 |
| Intangible Assets | 1.38M | 0 | 2.04M | 7.6M | 1.18M | 91.76M | 0 |
| Long-Term Investments | 0 | 100.05M | 48.14K | 833.5K | 619.69K | 0 | 401.25M |
| Other Non-Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Assets | 10.72M▲ 0% | 100.76M▲ 840.0% | 13.03M▼ 87.1% | 29.63M▲ 127.5% | 19.46M▼ 34.3% | 124.08M▲ 537.4% | 101.11M▲ 0% |
| Asset Turnover | 2.91x | - | 2.73x | 1.64x | 2.13x | 0.63x | 0.00x |
| Asset Growth % | - | 840.05% | -87.07% | 127.52% | -34.32% | 537.44% | 0.25% |
| Total Current Liabilities | 22.73M | 155K | 40.36M | 34.7M | 32.3M | 51.01M | 1.14M |
| Accounts Payable | 4.4M | 0 | 5.76M | 12.31M | 10.19M | 11.95M | 0 |
| Days Payables Outstanding | 74.5 | - | 79.49 | 114.84 | 119.69 | 42.72 | - |
| Short-Term Debt | 5.76M | 0 | 18.65M | 192K | 7.39K | 9.93K | 1M |
| Deferred Revenue (Current) | 1.39M | 0 | 3.15M | 4.54M | 3.59M | 4.39M | 0 |
| Other Current Liabilities | 10.53M | 155K | 12.28M | 17.23M | 1.14M | 538.83K | 135K |
| Current Ratio | 0.38x | 4.58x | 0.26x | 0.52x | 0.47x | 0.60x | 0.60x |
| Quick Ratio | 0.38x | 4.58x | 0.26x | 0.52x | 0.47x | 0.60x | 0.60x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 623.94K | 10.28M | 316.6K | 869.75K | 1.26M | 14.43M | 8.17M |
| Long-Term Debt | 180.06K | 0 | 0 | 0 | 0 | 12.05M | 0 |
| Capital Lease Obligations | 319.41K | 0 | 135.97K | 168.8K | 58.44K | 213.22K | 0 |
| Deferred Tax Liabilities | 17.9K | 0 | 14.63K | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 106.57K | 10.28M | 166.01K | 700.95K | 831.28K | 2.16M | 38.84M |
| Total Liabilities | 23.35M | 10.43M | 40.99M | 36.07M | 33.56M | 65.43M | 9.31M |
| Total Debt | 6.26M | 0 | 18.78M | 360.8K | 170.9K | 12.3M | 1M |
| Net Debt | 4.99M | -709.88K | 18.13M | -2.76M | -6.07M | -1.85M | 961.59K |
| Debt / Equity | - | - | - | - | - | 0.21x | 0.21x |
| Debt / EBITDA | - | - | - | - | - | - | -0.16x |
| Net Debt / EBITDA | - | -0.75x | - | - | - | - | -0.15x |
| Interest Coverage | -5.45x | - | -5.78x | -108.14x | -54.90x | -744.75x | - |
| Total Equity | -12.63M▲ 0% | 90.33M▲ 815.0% | -27.96M▼ 131.0% | -6.44M▲ 77.0% | -14.1M▼ 119.0% | 58.64M▲ 515.9% | 91.8M▲ 0% |
| Equity Growth % | - | 814.99% | -130.96% | 76.98% | -119% | 515.95% | -8.95% |
| Book Value per Share | -2.45 | 17.60 | -5.43 | -1.24 | -2.67 | 10.18 | 17.89 |
| Total Shareholders' Equity | -11.93M | 90.33M | -26.84M | -5.12M | -12.92M | 59.85M | 91.8M |
| Common Stock | 30.09K | 100M | 8.54K | 2.6K | 2.97K | 6.69K | 100M |
| Retained Earnings | 0 | -9.67M | 0 | 0 | -138.95M | -202.5M | -8.2M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -37.01M | 0 | -58.95M | -121.62M | 0 | 0 | 0 |
| Minority Interest | -700.08K | 0 | -1.12M | -1.32M | -1.17M | -1.21M | 0 |
ANGH Cash Flow Statement
Anghami Inc. (ANGH) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|
| Cash from Operations | -1.04M | -421.32K | -14.14M | 17.06K | -3.88M | -47.36M | -47.36M |
| Operating CF Margin % | -3.32% | - | -39.83% | 0.04% | -9.38% | -60.65% | - |
| Operating CF Growth % | - | 59.42% | -3256.69% | 100.12% | -22849.76% | -1120.08% | 33.19% |
| Net Income | -6.75M | 941.64K | -17.79M | -61.02M | -15.81M | -63.55M | -6.32M |
| Depreciation & Amortization | 668.62K | 0 | 952.54K | 3.79M | 3.22M | 6.3M | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 638.97K | 0 | 340K | 876.93K | 654.99K | 1.77M | 0 |
| Other Non-Cash Items | 919.82K | -1.52M | 5.17M | 36.79M | 2.95M | -1.63M | 5.4M |
| Working Capital Changes | 3.48M | 155K | -2.82M | 19.58M | 5.11M | 9.75M | 134K |
| Change in Receivables | -2.64M | 0 | -4.23M | -4.2M | 5.1M | -8.42M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 5.29M | 155K | 1.25M | 22.34M | -317.88K | -296.21K | 157K |
| Cash from Investing | -995.92K | -100M | -1.49M | -12.58M | -1.31M | -1.04M | -1M |
| Capital Expenditures | -995.92K | 0 | -1.34M | -11.16M | -1.31M | -1.29M | 0 |
| CapEx % of Revenue | 3.19% | - | 3.78% | 23.02% | 3.17% | 1.66% | - |
| Acquisitions | 0 | 0 | 0 | -350K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 2.53M | 101.13M | 10.65M | 15.04M | 8.31M | 56.31M | 968.52K |
| Debt Issued (Net) | 2.53M | 0 | 10.65M | -11.39M | 4.77M | 11.84M | 968.52K |
| Equity Issued (Net) | 0 | 101.13M | 0 | 30.43M | 0 | 1.03M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -4M | 3.54M | 43.44M | 0 |
| Net Change in Cash | 1.26M▲ 0% | -553.16K▼ 143.8% | -59.91K▲ 89.2% | 2.47M▲ 4218.2% | 3.12M▲ 26.5% | 7.91M▲ 153.4% | -808.8K▲ 0% |
| Free Cash Flow | -1.08M▲ 0% | -421.32K▲ 61.0% | -14.31M▼ 3295.6% | 17.06K▲ 100.1% | -3.98M▼ 23431.3% | -47.41M▼ 1091.0% | -777.32K▲ 0% |
| FCF Margin % | -3.46% | - | -40.29% | 0.04% | -9.62% | -60.71% | - |
| FCF Growth % | - | 61% | -3295.59% | 100.12% | -23431.3% | -1091.03% | - |
| FCF per Share | -0.21 | -0.08 | -2.78 | 0.00 | -0.75 | -8.23 | -8.23 |
| FCF Conversion (FCF/Net Income) | 0.15x | -0.45x | 0.80x | -0.00x | 0.25x | 0.75x | 0.12x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
ANGH Key Ratios
Anghami Inc. (ANGH) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 2.42% | -57.04% | - | - | -285.36% | -6.97% |
| Return on Invested Capital (ROIC) | -1.05% | -25.5% | - | - | -254.53% | -254.53% |
| Gross Margin | - | 25.47% | 19.29% | 24.87% | -30.76% | - |
| Net Margin | - | -50.1% | -125.86% | -38.21% | -81.38% | - |
| Debt / Equity | - | - | - | - | 0.21x | 0.21x |
| Interest Coverage | - | -5.78x | -108.14x | -54.90x | -744.75x | - |
| FCF Conversion | -0.45x | 0.80x | -0.00x | 0.25x | 0.75x | 0.12x |
| Revenue Growth | -100% | - | 36.55% | -14.65% | 88.72% | - |
ANGH Frequently Asked Questions
Anghami Inc. (ANGH) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Anghami Inc. (ANGH) reported $78.1M in revenue for fiscal year 2024. This represents a 150% increase from $31.2M in 2019.
Anghami Inc. (ANGH) grew revenue by 88.7% over the past year. This is strong growth.
Anghami Inc. (ANGH) reported a net loss of $6.3M for fiscal year 2024.
Dividend & Returns
Anghami Inc. (ANGH) has a return on equity (ROE) of -285.4%. Negative ROE indicates the company is unprofitable.
Anghami Inc. (ANGH) had negative free cash flow of $0.8M in fiscal year 2024, likely due to heavy capital investments.
Explore More ANGH
Anghami Inc. (ANGH) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
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Dividend History
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Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
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