Andersen Group Inc.

ANDG Consumer Cyclical Personal Services

Andersen Group Inc.’s revenue for fiscal 2025 (year ended December 2025) was $838.7 million, up 14.6% from fiscal 2024.

Revenue
+4.61%
Free cash flow
+517.1%

Quarter to June 2026, against a year earlier

66.56 0.90 −1.33%
Market cap
$7.5B
P/E
—
Fwd P/E
—
Dividend yield
—
F-score
n/a
Altman Z
1.10
Beneish M
−5.91
Dividend safety
n/a

Andersen Group Inc. (ANDG) Earnings & Analysis

Updated · Covers results through Q2 FY2026 · How this is made

Latest quarter

Andersen reported Q2 FY2026 revenue of $217.7 million, above the consensus estimate of $203.0 million and up 23.7% from $176.0 million a year earlier. The company reported diluted EPS of −$0.09.

Andersen’s filing said revenue grew across all service lines, supported by client additions, higher volume and service line expansion. Acquisitions contributed $5.5 million to the quarterly revenue increase. The filing also said cost of services fell partly because the year-earlier quarter included a $104.5 million one-time expense related to pre-IPO profits interest units; the latest quarter included $41.2 million in non-cash equity-based compensation.

Andersen reported gross margin of 20.3%, compared with −28.0% a year earlier, and operating margin of −4.10%, compared with −59.8%. The company reported quarterly free cash flow of $60.4 million, compared with $48.8 million a year earlier.

Q2 FY2026 Q2 FY2025 Change
Revenue $217.7 million $176.0 million 23.7%
Diluted EPS −$0.09 — —
Gross margin 20.3% −28.0% 48.2 percentage points
Operating margin −4.10% −59.8% 55.7 percentage points
Free cash flow $60.4 million $48.8 million 23.7%
Against the consensus Reported Consensus Result
Revenue $217.7 million $203.0 million Beat by 7.21%

Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.

What management said on the call

Andersen’s filing said its busiest periods typically align with U.S. tax filing deadlines, which have historically increased billable hours and revenue in the first and third quarters.

Guidance

Andersen expects FY2026 revenue of approximately $980.0 million to $1.0 billion and adjusted EBITDA of approximately $225.0 million to $250.0 million. The company also anticipates a return to full-year net income and positive EPS.

Metric For Guide Previous guide Change
Net income FY2026 Andersen Group anticipates a return to net income in FY2026. — —
EBITDA, non-GAAP FY2026 $225.0 million–$250.0 million — New
Revenue FY2026 $980.0 million–$1.0 billion — New