Anghami De Inc logo

Anghami De Inc(ANGH)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 4 days
PROFIT SINCE LAST BUY
-2.82% ▼
LAST CLOSE
$3.79
09/28/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ANGH

09/28/2026: ANGH (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Anghami De Inc is a digital music and entertainment streaming platform specifically built for the Middle East and North Africa market. Its primary strength lies in its deep cultural localization, which provides a competitive advantage against global streaming incumbents. The company's growth strategy centers on expanding its ecosystem through video integration and live event partnerships to drive user engagement. However, it faces significant risks from intense competition, high licensing costs, and operational scaling challenges common in the tech sector. The stock is most suitable for growth-oriented investors who understand the regional risks and are monitoring the company’s path toward sustained profitability.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company focuses on scaling in the high-growth, under-penetrated MENA streaming market.
Momentum investorMixed fitMomentum depends heavily on sustained user growth and positive sentiment shifts, which are currently volatile.
Value investorWeak fitThe company is in a growth phase and lacks the profitability or cash flow generation required for value investing.
Dividend investorWeak fitAnghami does not pay dividends and prioritizes capital reinvestment.
Low-risk investorWeak fitHigh market volatility and operational risks make this unsuitable for conservative portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to significant swings based on growth data and market sentiment.
Valuation riskHighValuations are often speculative and tied to future subscriber growth targets.
Competition risk (Streaming giants)HighThe company competes against massive, well-capitalized tech platforms.
Business qualityMediumThe business provides a strong consumer product but faces pressure on margins.
Dividend incomeLow / noneInvestors should expect no dividend payments.
Execution riskHighSuccess requires flawless execution in fragmented, diverse markets.

Price Behavior

Strong Uptrend
PRICE PATH

Strong Uptrend

The stock has maintained a strong upward price trend across the last three quarters.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -77.18%
Avg. Invested days 10
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/28/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ANGH receives a 2-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
ANGH has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and moderate ownership. In FY2025 versus FY2024, solid revenue growth (+27.2%) is partially offset by negative earnings growth (-40.8%), weak cash generation (FCF margin -35.6%), weak profitability (net margin -90.1%).

Financial Health Rating

★★★★★
ANGH's financial health is soft, with the relatively strongest area being soft liquidity, including working-capital and asset support (WC/assets -38.0%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Revenue growth is ANGH's strongest growth driver at +27.2% FY2025 versus FY2024 (solid, 4 stars). By comparison, free-cash-flow growth (+25.5%, solid) is also solid, while earnings growth (-40.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 1.9% (soft) and 21.2% of outstanding shares are publicly tradable (soft). Insider ownership of 76.99% supports management-shareholder alignment.

Top 5 Institutional Investors

UBS Group AG 0.01%
Royal Bank of Canada 0.01%

Unit Economics (Per $1K Revenue)

★★★★★
ANGH generates approximately $-254 of gross profit, $-729 of operating income, and $-356 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Operating losses and cash burn explain the 1-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: -3.34% (Tax Credit)

Quantitative Style Profile

★★★★★
ANGH has a Value-Oriented profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 35.16M USD
Price to earnings Ratio -
1Y Target Price 17
Price to earnings Ratio -
1Y Target Price 17
Volume (30-day avg) 26.7K shares
Beta 1.06
52 Weeks Range 2.25 - 7.89
Updated Date 09/27/2026
52 Weeks Range 2.25 - 7.89
Updated Date 09/27/2026
Dividends yield (FY) -
Basic EPS (TTM) -13.16

How Company Makes Money

Business areaWhat it includesRetail investor read
Subscription RevenueMonthly/annual fees from Anghami Plus subscribers.This is the core recurring income stream representing the most stable part of the business.
AdvertisingRevenue from ads served to free-tier users.This segment fluctuates with marketing budgets and user engagement levels.
Geography (MENA)Operations across Middle East and North Africa.The company's success is tied heavily to the economic and digital growth of this specific region.

Analyzing Revenue: Products, Geography and Growth

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE -
Enterprise Value 13.22M
Price to Sales(TTM) 0.35
Enterprise Value 13.22M
Price to Sales(TTM) 0.35
Enterprise Value to Revenue 0.13
Enterprise Value to EBITDA -0.68
Shares Outstanding 9.06M
Shares Floating 1.92M
Shares Outstanding 9.06M
Shares Floating 1.92M
Percent Insiders 76.99
Percent Institutions 1.88

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Anghami De Inc

Exchange NASDAQ
Headquarters -
IPO Launch date 2022-02-03
Co-Founder, CEO & Director Mr. Elias Nabil Habib
Sector Communication Services
Industry Entertainment
Full time employees 191
Full time employees 191

Anghami Inc. operates a music-streaming platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, live events, movies, and series. The company also provides a library of approximately 18,000 hours of premium video, including HBO content; and approximately 100 million Arabic and international songs and podcasts. In addition, it offers various devices and payment methods. It offers its services through the Anghami Music and OSN+ Video apps. The company was founded in 2012 and is headquartered in Abu Dhabi, United Arab Emirates. Anghami Inc. operates as a subsidiary of OSN Streaming Ltd.