v3.26.1
DISCONTINUED OPERATIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The components of assets and liabilities of discontinued operations in the balance sheet consisted of the following:
December 31, 2025
Care.comSearchTotal
(In thousands)
Current assets
Cash and cash equivalents$18,900 $— $18,900 
Accounts receivable, net32,197 6,809 39,006 
Other current assets33,536 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 
Goodwill283,445 — 283,445 
Intangible assets, net71,479 — 71,479 
Deferred income taxes64,309 — 64,309 
Other non-current assets4,727 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 revenue31,289 — 31,289 
Accrued expenses and other current liabilities44,723 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 liabilities4,490 — 4,490 
Total non-current liabilities of discontinued operations$8,657 $— $8,657 
December 31, 2024
Care.comSearchAngiTotal
(In thousands)
Current assets
Cash and cash equivalents$18,188 $— $416,434 $434,622 
Accounts receivable, net38,200 27,841 36,670 102,711 
Other current assets17,332 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 
Goodwill490,896 — 883,776 1,374,672 
Intangible assets, net75,385 — 167,662 243,047 
Deferred income taxes56,445 — 169,616 226,061 
Other non-current assets5,587 — 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 revenue36,309 — 42,008 78,317 
Accrued expenses and other current liabilities51,868 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 taxes5,813 — 1,500 7,313 
Other non-current liabilities5,458 — 37,917 43,375 
Total non-current liabilities of discontinued operations$11,271 $— $536,257 $547,528 
The components of the (loss) earnings from discontinued operations, net of tax in the statement of operations consisted of the following:
December 31, 2025
Care.comSearchAngiEliminationsTotal
(In thousands)
Revenue$347,251 $212,883 $245,913 $(19)$806,028 
Operating costs and expenses:
Cost of revenue (exclusive of depreciation shown separately below)78,672 77,111 13,015 — 168,798 
Selling and marketing expense95,279 108,498 118,541 — 322,318 
General and administrative expense(a)
77,590 7,719 56,983 (19)142,273 
Product development expense53,399 9,287 27,087 — 89,773 
Depreciation2,511 — 9,948 — 12,459 
Amortization of intangibles3,906 — — — 3,906 
Goodwill impairment207,451 — — — 207,451 
Total operating costs and expenses518,808 202,615 225,574 (19)946,978 
Operating (loss) income from discontinued operations(171,557)10,268 20,339 — (140,950)
Interest expense— — (5,044)— (5,044)
Other income, net236 (13)4,828 — 5,051 
(Loss) earnings from discontinued operations before tax(171,321)10,255 20,123 — (140,943)
Income tax provision(1,328)(5,441)(4,855)— (11,624)
(Loss) earnings from discontinued operations, net of tax$(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.comSearchAngiEliminationsTotal
(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 expense99,492 107,219 600,507 — 807,218 
General and administrative expense95,173 13,330 318,677 (110)427,070 
Product development expense55,072 11,843 95,360 — 162,275 
Depreciation5,957 104 86,052 — 92,113 
Amortization of intangibles5,480 — 2,600 — 8,080 
Total operating costs and expenses340,403 370,252 1,160,774 (110)1,871,319 
Operating income from discontinued operations29,090 17,447 24,338 — 70,875 
Interest expense— — (20,169)— (20,169)
Other income, net307 2 18,361 — 18,670 
Earnings from discontinued operations before tax29,397 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.comSearchAngiTotal
(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 expense106,295 153,705 772,904 1,032,904 
General and administrative expense64,644 10,520 373,225 448,389 
Product development expense58,458 14,147 96,543 169,148 
Depreciation3,238 85 94,159 97,482 
Amortization of intangibles7,763 — 7,958 15,721 
Total operating costs and expenses331,989 584,733 1,468,812 2,385,534 
Operating income (loss) from discontinued operations42,826 44,305 (22,980)64,151 
Interest expense— — (20,137)(20,137)
Other income, net421 (7)17,223 17,637 
Earnings (loss) from discontinued operations before tax43,247 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