v3.26.1
DISCONTINUED OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The components of assets and liabilities reflected as discontinued operations in the balance sheet consists of the following:
June 30, 2026December 31, 2025
SearchCare.comSearchTotal
(In thousands)
Current assets
Cash and cash equivalents$— $18,900 $— $18,900 
Accounts receivable, net— 32,197 6,809 39,006 
Other current assets1,743 33,536 4,274 37,810 
Total current assets of discontinued operations$1,743 $84,633 $11,083 $95,716 
Non-current assets
Capitalized software, leasehold improvements and equipment, net$— $2,999 $— $2,999 
Goodwill— 283,445 — 283,445 
Intangible assets, net— 71,479 — 71,479 
Deferred income taxes— 64,309 — 64,309 
Other non-current assets— 4,727 2,436 7,163 
Total non-current assets of discontinued operations$— $426,959 $2,436 $429,395 
Current liabilities
Accounts payable, trade$219 $635 $7,025 $7,660 
Deferred revenue— 31,289 — 31,289 
Accrued expenses and other current liabilities3,786 44,723 12,442 57,165 
Total current liabilities of discontinued operations$4,005 $76,647 $19,467 $96,114 
Non-current liabilities
Deferred income taxes$— $4,167 $— $4,167 
Other non-current liabilities— 4,490 — 4,490 
Total non-current liabilities of discontinued operations$— $8,657 $— $8,657 
The components of earnings from discontinued operations in the statement of operations consists of the following:
Three Months Ended June 30, 2026
Search
(In thousands)
Revenue$357 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)387 
Selling and marketing expense37 
General and administrative expense598 
Product development expense113 
Total operating costs and expenses1,135 
Operating loss from discontinued operations(778)
Other expense, net (2)
Loss from discontinued operations before income taxes(780)
Income tax provision(3,459)
Loss from discontinued operations, net of income taxes$(4,239)
Six months ended June 30, 2026
Care.comSearchAngiTotal
(In thousands)
Revenue$73,559 $17,453 $— $91,012 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)15,818 8,219 — 24,037 
Selling and marketing expense20,301 10,834 — 31,135 
General and administrative expense(a)
14,217 2,251 (1,460)15,008 
Product development expense10,389 5,177 — 15,566 
Depreciation250 — — 250 
Amortization of intangibles596 — — 596 
Total operating costs and expenses61,571 26,481 (1,460)86,592 
Operating income (loss) from discontinued operations11,988 (9,028)1,460 4,420 
Other (expense) income, net(324)8 — (316)
Earnings (loss) from discontinued operations before income taxes11,664 (9,020)1,460 4,104 
Income tax (provision) benefit(5,555)2,011 (344)(3,888)
Earnings (loss) from discontinued operations, net of income taxes$6,109 $(7,009)$1,116 $216 
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(a)    Angi represents $1.5 million related to non-income taxes with a corresponding adjustment to additional paid-in-capital, following the repeal of Canada’s digital service tax in the first quarter of 2026.
Three months ended June 30, 2025
Care.comSearchTotal
(In thousands)
Revenue$81,992 $61,690 $143,682 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)19,332 21,853 41,185 
Selling and marketing expense25,534 30,677 56,211 
General and administrative expense19,011 1,833 20,844 
Product development expense13,454 2,216 15,670 
Depreciation712 — 712 
Amortization of intangibles990 — 990 
Total operating costs and expenses79,033 56,579 135,612 
Operating income from discontinued operations2,959 5,111 8,070 
Other income (expense), net 33 (3)30 
Earnings from discontinued operations before income taxes2,992 5,108 8,100 
Income tax benefit (provision)19,668 (8,349)11,319 
Earnings (loss) from discontinued operations, net of income taxes$22,660 $(3,241)$19,419 
Six months ended June 30, 2025
Care.comSearchAngiIntersegment EliminationsTotal
(In thousands)
Revenue$170,813 $132,019 $245,913 $(19)$548,726 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)37,300 53,038 13,015 — 103,353 
Selling and marketing expense49,079 62,322 118,541 — 229,942 
General and administrative expense(b)
38,357 3,889 56,983 (19)99,210 
Product development expense27,925 4,639 27,087 — 59,651 
Depreciation1,417 — 9,948 — 11,365 
Amortization of intangibles2,105 — — — 2,105 
Total operating costs and expenses156,183 123,888 225,574 (19)505,626 
Operating income from discontinued operations14,630 8,131 20,339 — 43,100 
Interest expense— — (5,044)— (5,044)
Other income (expense), net 89 (3)4,828 — 4,914 
Earnings from discontinued operations before income taxes14,719 8,128 20,123 — 42,970 
Income tax benefit (provision)36,421 (20,634)(4,829)— 10,958 
Earnings (loss) from discontinued operations, net of income taxes$51,140 $(12,506)$15,294 $— $53,928 
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(b)    Includes the reversal of $10.2 million in stock-based compensation expense that was previously recognized by Angi with respect to restricted shares.