The Company ceased operations of its Search segment after the expiration of the Services Agreement during the second quarter of 2026 and completed the sale of Care.com on March 16, 2026 and the Distribution of Angi on March 31, 2025. As a result of these transactions, Search, Care.com and Angi are presented as discontinued operations within the Company’s consolidated financial statements for all periods presented. See “Note 1—Organization” for additional information.


	December 31, 2025
	Care.com		Search		Total
	(In thousands)
Current assets
Cash and cash equivalents	$	18,900	$	—	$	18,900
Accounts receivable, net	32,197		6,809		39,006
Other current assets	33,536		4,274		37,810
Total current assets of discontinued operations	$	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	$	635	$	7,025	$	7,660
Deferred revenue	31,289		—		31,289
Accrued expenses and other current liabilities	44,723		12,442		57,165
Total current liabilities of discontinued operations	$	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


	December 31, 2024
	Care.com		Search		Angi		Total
	(In thousands)
Current assets
Cash and cash equivalents	$	18,188	$	—	$	416,434	$	434,622
Accounts receivable, net	38,200		27,841		36,670		102,711
Other current assets	17,332		2,257		41,968		61,557
Total current assets of discontinued operations	$	73,720	$	30,098	$	495,072	$	598,890

Non-current assets
Capitalized software, leasehold improvements and equipment, net	$	3,014	$	—	$	79,564	$	82,578
Goodwill	490,896		—		883,776		1,374,672
Intangible assets, net	75,385		—		167,662		243,047
Deferred income taxes	56,445		—		169,616		226,061
Other non-current assets	5,587		—		35,911		41,498
Total non-current assets of discontinued operations	$	631,327	$	—	$	1,336,529	$	1,967,856

Current liabilities
Accounts payable, trade	$	204	$	17,867	$	18,319	$	36,390
Deferred revenue	36,309		—		42,008		78,317
Accrued expenses and other current liabilities	51,868		35,121		171,334		258,323
Total current liabilities of discontinued operations	$	88,381	$	52,988	$	231,661	$	373,030

Non-current liabilities
Long-term debt, net	$	—	$	—	$	496,840	$	496,840
Deferred income taxes	5,813		—		1,500		7,313
Other non-current liabilities	5,458		—		37,917		43,375
Total non-current liabilities of discontinued operations	$	11,271	$	—	$	536,257	$	547,528


	December 31, 2025
	Care.com		Search		Angi		Eliminations		Total
	(In thousands)
Revenue	$	347,251	$	212,883	$	245,913	$	(19)	$	806,028
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	78,672		77,111		13,015		—		168,798
Selling and marketing expense	95,279		108,498		118,541		—		322,318
General and administrative expense(a)	77,590		7,719		56,983		(19)		142,273
Product development expense	53,399		9,287		27,087		—		89,773
Depreciation	2,511		—		9,948		—		12,459
Amortization of intangibles	3,906		—		—		—		3,906
Goodwill impairment	207,451		—		—		—		207,451
Total operating costs and expenses	518,808		202,615		225,574		(19)		946,978
Operating (loss) income from discontinued operations	(171,557)		10,268		20,339		—		(140,950)
Interest expense	—		—		(5,044)		—		(5,044)
Other income, net	236		(13)		4,828		—		5,051
(Loss) earnings from discontinued operations before tax	(171,321)		10,255		20,123		—		(140,943)
Income tax provision	(1,328)		(5,441)		(4,855)		—		(11,624)
(Loss) earnings from discontinued operations, net of tax	$	(172,649)	$	4,814	$	15,268	$	—	$	(152,567)

_____________________

(a) Angi includes the reversal of $10.2 million in stock-based compensation expense that was previously recognized by Angi with respect to the restricted shares for January 1 through the Distribution on March 31, 2025. See “Note 10—Stock-Based Compensation” for additional information.


	December 31, 2024
	Care.com		Search		Angi		Eliminations		Total
	(In thousands)
Revenue	$	369,493	$	387,699	$	1,185,112	$	(110)	$	1,942,194
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	79,229		237,756		57,578		—		374,563
Selling and marketing expense	99,492		107,219		600,507		—		807,218
General and administrative expense	95,173		13,330		318,677		(110)		427,070
Product development expense	55,072		11,843		95,360		—		162,275
Depreciation	5,957		104		86,052		—		92,113
Amortization of intangibles	5,480		—		2,600		—		8,080

Total operating costs and expenses	340,403		370,252		1,160,774		(110)		1,871,319
Operating income from discontinued operations	29,090		17,447		24,338		—		70,875
Interest expense	—		—		(20,169)		—		(20,169)
Other income, net	307		2		18,361		—		18,670
Earnings from discontinued operations before tax	29,397		17,449		22,530		—		69,376
Income tax (provision) benefit	(6,403)		(1,667)		17,198		—		9,128
Earnings from discontinued operations, net of tax	$	22,994	$	15,782	$	39,728	$	—	$	78,504


	December 31, 2023
	Care.com		Search		Angi		Total
	(In thousands)
Revenue	$	374,815	$	629,038	$	1,445,832	$	2,449,685
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)	91,591		406,276		124,023		621,890
Selling and marketing expense	106,295		153,705		772,904		1,032,904
General and administrative expense	64,644		10,520		373,225		448,389
Product development expense	58,458		14,147		96,543		169,148
Depreciation	3,238		85		94,159		97,482
Amortization of intangibles	7,763		—		7,958		15,721

Total operating costs and expenses	331,989		584,733		1,468,812		2,385,534
Operating income (loss) from discontinued operations	42,826		44,305		(22,980)		64,151
Interest expense	—		—		(20,137)		(20,137)
Other income, net	421		(7)		17,223		17,637
Earnings (loss) from discontinued operations before tax	43,247		44,298		(25,894)		61,651
Income tax provision	(13,241)		(12,100)		(10,656)		(35,997)
Earnings (loss) from discontinued operations, net of tax	$	30,006	$	32,198	$	(36,550)	$	25,654