v3.25.4
FINANCIAL STATEMENT DETAILS
 12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
FINANCIAL STATEMENT DETAILS FINANCIAL STATEMENT DETAILS
Cash and Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the balance sheet to the total amounts shown in the statement of cash flows:
December 31, 2025December 31, 2024December 31, 2023December 31, 2022
(In thousands)
Cash and cash equivalents$303,701 $416,434 $364,044 $321,155 
Restricted cash included in other current assets— — — 107 
Restricted cash included in other non-current assets— 111 257 371 
Restricted cash included in other non-current assets of discontinued operations— — — 503 
Total cash and cash equivalents, and restricted cash as shown on the statement of cash flows$303,701 $416,545 $364,301 $322,136 
Restricted cash included in “Other current assets” in the balance sheet at December 31, 2022 primarily consisted of cash reserved to fund insurance claims.
Restricted cash included in “Other non-current assets” in the balance sheets for all periods presented above primarily consisted of deposits related to leases.
Credit Losses
The following table presents the changes in the allowance for credit losses:
Year Ended December 31,
20252024
(In thousands)
Balance at January 1$20,504 $24,684 
Current period provision for credit losses48,491 57,261 
Write-offs charged against the allowance for credit loss(58,476)(68,647)
Recoveries collected4,401 5,338 
Other970 1,868 
Balance at December 31$15,890 $20,504 
Other Current AssetsDecember 31,
20252024
(In thousands)
Capitalized sales commissions$7,866 $24,874 
Prepaid expenses15,535 13,077 
Other6,226 4,030 
Other current assets$29,627 $41,981 
Capitalized software, leasehold improvements and equipment, netDecember 31,
 20252024
 (In thousands)
Capitalized software and computer equipment$279,850 $266,540 
Leasehold improvements13,454 14,194 
Furniture and other equipment5,079 5,930 
Projects in progress22,742 34,348 
Capitalized software, leasehold improvements and equipment321,125 321,012 
Accumulated depreciation and amortization(222,024)(241,448)
Capitalized software, leasehold improvements and equipment, net$99,101 $79,564 
Accrued expenses and other current liabilitiesDecember 31,
20252024
(In thousands)
Accrued employee compensation and benefits$41,222 $57,665 
Restructuring liability12,806 — 
Accrued advertising expense28,337 31,639 
Current lease liabilities13,460 12,824 
Other70,486 69,223 
Accrued expenses and other current liabilities$166,311 $171,351 
Other income, net
Year Ended December 31,
 202520242023
 (In thousands)
Interest income$15,745 $19,582 $17,149 
Other1,845 (1,221)1,278 
Other income, net$17,590 $18,361 $18,427 
Supplemental Disclosure of Cash Flow Information:
 Year Ended December 31,
 202520242023
 (In thousands)
Cash (paid) received during the year for:   
Interest expense—third-party$(19,375)$(19,375)$(19,375)
Income tax payments, including amounts paid to IAC for Angi’s share of IAC's consolidated tax liability$(7,551)$(20,859)$(4,957)
Income tax refunds$883 $3,062 $282