Anghami Inc. (ANGH) Stock Score, Valuation & Financial Research

Anghami Inc. is in the Communication Services sector and Entertainment industry. It is reviewed using Wall Street Score's company-strength, valuation, growth and financial-health framework. A complete Wall Street Score is not currently available.

Quick answer for ANGH

Anghami Inc. does not currently have a complete Wall Street Score. The stored market price is USD 3.57. These figures are a research snapshot, not a buy or sell recommendation.

What Anghami Inc. does

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.

Company business and revenue

Research reporting period: 2025-12-31. A research update is not a new financial filing.

How the company makes 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 and 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 and product families

  • Anghami — Primary music and entertainment streaming platform. Source
  • OSN+ — Video streaming service platform. Source

Customer types

Subscription users; Ad-supported free service users.

Suppliers, materials and equipment

  • OSN Group — Provides video content catalogue for the OSN+ streaming service under a fixed-fee licensing agreement. Source

Business relationships and 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

Business strengths to evaluate

  • Leading music and entertainment streaming platform in the MENA region Source

Business risks and research considerations

  • Dependence on ability to attract and retain users and convert free users to subscribers Source
  • Fixed-cost structure for content obligations which do not vary with subscriber counts Source

Sources: Company research source · Warner Bros. Discovery

Company research refreshed 2026-10-13. This is saved research, not a live check of company relationships. Check the reporting period and source disclosures. Financial figures and scores follow their separate update schedules.

ANGH financial snapshot

Statement amounts: USD. Quote amounts: USD. No exchange-rate conversion is performed in this snapshot. Market-capitalization currency is not supplied by this projection.

Wall Street Score:
Not currently available
Stored price:
USD 3.57
Market capitalization:
32.36M (currency not supplied)
Revenue:
USD 0.00
Net income:
USD -6.32M
Free cash flow:
USD -35.31M
Cash:
USD 22.26M
Total debt:
USD 126.18K
EPS:
USD -1.22

What stands out

  • Reported year-over-year revenue growth is -100.0%.
  • Free cash flow is USD -35.31M, negative for the stored period.
  • The balance sheet shows USD 22.26M of cash versus USD 126.18K of total debt, an excess of cash over debt on these two reported measures.
  • The current research record carries a missing revenue history warning, which should be reviewed alongside the score.

Company-specific financial comparisons

The following are calculated from saved company data, not forecasts or statements about future performance. Differences in reporting dates or units can make a ratio misleading; verify the original filings.

  • Cash exceeds debt by USD 22.13M using the stored balance-sheet values. This does not include other obligations or restricted cash.

Questions worth answering for ANGH

Use these questions to check the stored figures against the latest company filings. They identify issues to investigate; they are not findings about management's plans or future results.

  • What is driving ANGH's revenue decline, and does the latest 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 does the current missing revenue history warning mean for the reliability or interpretation of ANGH's score?

What the numbers mean

A complete valuation score is not currently available, so valuation should be checked using the available earnings, cash-flow and price data.

A complete financial score is not currently available, so investors should review cash, debt, earnings and cash flow directly.

A strong company and an attractive stock price are not always the same thing. Revenue, earnings, free cash flow, debt, management quality, competitive advantage and valuation should be considered together. Wall Street Score organizes these inputs into a consistent research framework so investors can identify what deserves deeper review.

Data freshness: Financial data last refreshed 2026-10-01.

Research-input completeness: 82% of the scoring inputs required for this public page are currently available.

How to research ANGH

Start by understanding how the company makes money. Then compare revenue and earnings trends, cash generation, debt, liquidity and valuation. Review the company's latest filings and earnings reports before acting on any score or model estimate.

Learn how to analyze a stock · Read the Wall Street Score methodology · Browse other stocks

Data may change as company filings and market prices update. Educational research only; not a buy or sell recommendation.