Anghami Inc.
ANGH · Price history
Price at last available close
$3.37
−$0.39 (-10.37%) 1M
2026-10-29
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Company & revenue
About Anghami Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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 through its dedicated application and online system. The company was established in 2012 and maintains its primary base of operations in Abu Dhabi, United Arab Emirates.
How they make money
Anghami generates revenue primarily through subscription fees from users accessing its premium music and video streaming services, as well as through advertising services provided to brands on its ad-supported free tiers. The company operates a digital entertainment platform where it licenses content from third-party providers and distributes it to consumers across various devices, leveraging both direct-to-consumer subscriptions and partnerships with telecommunications and retail entities.
Products & services
Anghami provides a digital entertainment and streaming platform offering music, podcasts, music videos, and live events, alongside the OSN+ video streaming service which provides movies and series.
Brands & revenue mix
Primary music and entertainment streaming platform.
Separate brand revenue is not available in this research.Source
Video streaming service platform.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- OSN Group — Provides video content catalogue for the OSN+ streaming service under a fixed-fee licensing agreement.Source
Business relationships & partnerships
- OSN Group — A content licensing partnership where OSN sublicenses video streaming content to Anghami for distribution via the OSN+ app in exchange for a fixed fee.Source
- Warner Bros. Discovery — A strategic content partnership aimed at enhancing the platform's entertainment offerings.Source
- Noon — A partnership for the distribution of OSN+ services.Source
- PlayStation — A partnership for the distribution of OSN+ services.Source
- Talabat — A distribution agreement to expand the reach of OSN+ services.Source
Strengths
- Leading music and entertainment streaming platform in the MENA regionSource
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
22
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
23
Poor
Financial Strength
7
Business Quality / Moat
44
Management
40
Growth Quality
1
Risk / Durability
15
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Model Outlook
12-month model · What does the model think happens next?
Outperformance analysis is not currently available.
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
A current Opportunity Score is not available.
The 12-month model outlook is not currently available.
- •Asset quality scores strongly
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for ANGH
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving ANGH's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can ANGH fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is ANGH likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for ANGH to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ANGH's current valuation?
Essential Investment Snapshot
Wall Street Score
22
Market Cap
$30.5M
P/E Ratio
-2.7
EPS
$-1.22
52-Week High
$7.89
52-Week Low
$2.25
Beta
1.06
Shares Outstanding
6.8M
Total Revenue
$0
Total Debt
$126K
Dividend
No current dividend
Liquidation Value / Share
$3.83
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for ANGH
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-14.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on ANGH.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Leading music and entertainment streaming platform in the MENA region.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Entertainment industry.
- −Dependence on ability to attract and retain users and convert free users to subscribers.
- −Fixed-cost structure for content obligations which do not vary with subscriber counts.
- −Negative free cash flow may increase the need for outside financing and dilution.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
7 historical score records availablePrevious Score
22
Oct 1, 2026
Change
Unchanged
Current Score
22
Oct 23, 2026
Category Changes
ANGH score was unchanged.
Projected Score
Projected Score
19
Projected Change
-3.0 points
Preliminary comparable-period financial changes suggest decline of approximately 3.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$3.37
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0.00 | $99.3M | $78.1M | $41.4M | ···· | ···· | ···· | ···· |
| Cost of Revenue | $0.00 | $124.6M | $102.1M | $31.1M | ···· | ···· | ···· | ···· |
| Gross Profit | $0.00 | -$25.3M | -$24.0M | $10.3M | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· |
| SG&A Expenses | $911K | $47.0M | $38.1M | $24.5M | ···· | ···· | ···· | ···· |
| Operating Expenses | $911K | $47.1M | $37.5M | $22.8M | ···· | ···· | ···· | ···· |
| EBITDA | -$6.3M | -$74.1M | -$55.4M | -$11.5M | ···· | ···· | ···· | ···· |
| Operating Income | -$911K | -$72.4M | -$61.5M | -$12.5M | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $5.0M | $83K | $269K | ···· | ···· | ···· | ···· |
| Income Before Tax | -$6.3M | -$86.7M | -$61.8M | -$15.0M | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $2.9M | $1.8M | $655K | ···· | ···· | ···· | ···· |
| Net Income | -$6.3M | -$89.5M | -$63.6M | -$15.8M | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.22 | $-13.16 | $-11.00 | $-3.00 | ···· | ···· | ···· | ···· |
| Basic Shares | 5.13M | 6.80M | 5.76M | 5.29M | ···· | ···· | ···· | ···· |
| Diluted Shares | 5.13M | 6.80M | 5.76M | 5.29M | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$0
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.88
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
No material change
Cash Change
No material change
Margin Change
Not available
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Potential Score Impact
Pressure indicators included EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
EPS declined 44.4%. Cash was essentially unchanged. Total debt was essentially unchanged.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
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Start 7-Day Free TrialHistorical Trends
7 historical recordsHistorical Score Chart
3 of 7 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
EntertainmentNews
No news available for ANGH.
Rumor Mill · ANGH
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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