Security
Andersen Group Inc. · ANDG
ANDGNYSECommon stockCurrentCIK 2065708Updated Nov 2, 2026
ANDG price & chart
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NYSE:ANDG on TradingView ↗About the company
We are a leading provider of independent tax, valuation and financial advisory services to individuals and family offices, businesses and institutional clients in the United States. We have strategically expanded our business to build an integrated platform of service offerings that enables us to solve our clients’ most complex tax and financial challenges. The success of our approach is reflected in our consistent growth to date, having delivered a revenue compound annual growth rate (CAGR) of 15% since 2003, the first full fiscal year following our formation, through December 31, 2025. We have achieved this by delivering specialized technical expertise combined with practical advice, supported by our widely recognized and strong firm culture, integrated services offerings and global capabilities. Our global reach is facilitated through our membership in Andersen Global, a Swiss association of over 300 member and collaborating firms.
In the news
NYSE Content Advisory: Pre-Market update + Tax Firm Andersen Raises $176 Million in NYSE IPO USA - English APAC - English News provided by New York Stock Exchange Dec 17, 2025, 08:55 ET Share this article Share to X Share this article Share to X NEW YORK , Dec. 17, 2025 /PRNewswire/ -- The New York ↗
Seeking Alpha
Andersen Group resolves limited security indident ↗
Andersen Group: Premium Valuations Cannot Afford A Slowdown Suggested By The Outlook ↗
Andersen announces pricing of Class A secondary offering at $44 per share ↗
SEC disclosures
Andersen Group Inc. files final prospectus (424B4) ↗
Recent filings
SCHEDULE 13G/A - filed by ROYCE & ASSOCIATES LP regarding Andersen Group Inc.
SCHEDULE 13G/A - filed by FRANKLIN TEMPLETON INC regarding Andersen Group Inc.
SCHEDULE 13G/A - filed by JPMORGAN CHASE & CO regarding Andersen Group Inc.
Unregistered Sales of Equity Securities
Items 3.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Financials
FY 2025 · USDSource
Source
Source
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balance sheet · annual statements
| Line item | Q2 2026 | Q1 2026 | FY 2025 | FY 2024 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 571,487,000Source | 608,570,000Source | 565,140,000Source | 398,687,000Source |
| GoodwillUSD | 32,326,000Source | 30,078,000Source | 30,078,000Source | 30,078,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 6,226,000Source | 2,644,000Source | 2,543,000Source | 2,331,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 175,631,000Source | 206,814,000Source | 250,280,000Source | 87,993,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 189,371,000Source | 213,567,000Source | 123,418,000Source | 117,848,000Source |
| Assets, CurrentUSD | 405,441,000Source | 453,787,000Source | 412,038,000Source | 246,377,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 38,067,000Source | 28,196,000Source | 29,688,000Source | 17,615,000Source |
| Operating Lease, Right-of-Use AssetUSD | 79,864,000Source | 80,502,000Source | 82,104,000Source | 76,908,000Source |
| Other Assets, NoncurrentUSD | 2,251,000Source | 2,216,000Source | 2,242,000Source | 0Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 540,033,000Source | 579,875,000Source | 593,517,000Source | 202,438,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | — |
| Additional Paid in CapitalUSD | 6,215,000Source | 404,000Source | 0Source | — |
| Retained Earnings (Accumulated Deficit)USD | -781,509,000Source | -780,501,000Source | -134,742,000Source | — |
| Stockholders' Equity Attributable to ParentUSD | -775,283,000Source | -780,086,000Source | -134,731,000Source | — |
| Liabilities and EquityUSD | 571,487,000Source | 608,570,000Source | 565,140,000Source | 398,687,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 185,463,000Source | 192,323,000Source | 195,807,000Source | 94,441,000Source |
| Operating Lease, Liability, CurrentUSD | 9,686,000Source | 7,212,000Source | 3,958,000Source | 17,074,000Source |
| Operating Lease, Liability, NoncurrentUSD | 103,374,000Source | 104,917,000Source | 106,448,000Source | 90,881,000Source |
| Deferred Income Tax Liabilities, NetUSD | — | — | 378,000Source | 455,000Source |
| Other Liabilities, NoncurrentUSD | 5,353,000Source | 3,603,000Source | 3,517,000Source | 17,116,000Source |
| Additional Financial Items | ||||
| Accounts Receivable, after Allowance for Credit LossUSD | 189,371,000Source | 213,567,000Source | 123,418,000Source | 117,848,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | 3,400,000Source | 2,900,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | 455,000Source |
| Dividends Payable, CurrentUSD | 10,886,000Source | 34,635,000Source | 52,745,000Source | 0Source |
| Dividends PayableUSD | — | — | 52,745,000Source | 0Source |
| Long-term DebtUSD | 301,234,000Source | 336,498,000Source | 350,085,000Source | — |
| Redeemable Noncontrolling Interest, Equity, Carrying AmountUSD | 0Source | 0Source | 106,354,000Source | 0Source |
| Stockholders' Equity Attributable to Noncontrolling Interest | —Source | —Source | — | — |
cash flow · annual statements
| Line item | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -10,094,000Source | -95,983,000Source | 17,738,000Source | 50,576,000Source | -130,169,000Source | 134,801,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 2,274,000Source | 2,095,000Source | 9,005,000Source | 8,325,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 45,604,000Source | 0Source | 147,372,000Source | 0Source |
| Changes in operating assets and liabilities: | ||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 91,410,000Source | 64,012,000Source | 4,372,000Source | 7,876,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | -95,000Source | 997,000Source | -511,000Source | -102,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | -3,867,000Source | 11,227,000Source | 184,619,000Source | 152,311,000Source |
| Cash flows from investing activities: | ||||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | -395,000Source | 8,134,000Source | 10,610,000Source | -18,456,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | 3,703,000Source | 1,268,000Source | 10,345,000Source | 8,596,000Source |
| Cash flows from financing activities: | ||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | -39,204,000Source | -12,136,000Source | -32,942,000Source | -117,570,000Source |
| Dividends paid | — | — | — | — | —Source | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 175,631,000Source | 78,945,000Source | 206,814,000Source | 95,218,000Source | 250,280,000Source | 87,993,000Source |
| Supplemental disclosure of cash flow information: | ||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | 217,000Source | 12,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | 3,222,000Source | 2,380,000Source |
| Additional Financial Items | ||||||
| Share-based Payment Arrangement, ExpenseUSD | 48,280,000Source | 129,559,000Source | 45,604,000Source | 0Source | 340,535,000Source | — |
| Amortization of Intangible AssetsUSD | 200,000Source | 100,000Source | 100,000Source | 200,000Source | 500,000Source | 700,000Source |
| Cash, Cash Equivalents, and Short-term InvestmentsUSD | — | — | — | — | 3,400,000Source | 2,900,000Source |
| DepreciationUSD | 2,300,000Source | 1,900,000Source | 2,200,000Source | 1,900,000Source | 8,500,000Source | 7,600,000Source |
| Dividends Payable, CurrentUSD | 10,886,000Source | — | 34,635,000Source | — | 52,745,000Source | 0Source |
| Dividends PayableUSD | — | — | — | — | 52,745,000Source | 0Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | 9,455,000Source | 0Source |
| GoodwillUSD | 32,326,000Source | — | 30,078,000Source | — | 30,078,000Source | 30,078,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 0Source | 0Source |
| Income Tax Expense (Benefit)USD | -73,000Source | -6,967,000Source | 2,813,000Source | 4,130,000Source | 2,997,000Source | 2,395,000Source |
| InterestExpenseNonoperatingUSD | 5,887,000Source | 104,000Source | 6,234,000Source | 143,000Source | 1,436,000Source | 64,000Source |
| Investment Income, InterestUSD | 1,497,000Source | 1,030,000Source | 1,879,000Source | 1,200,000Source | 4,166,000Source | 4,524,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,008,000Source | — | 494,000Source | — | -2,324,000Source | — |
| Other Nonoperating Income (Expense)USD | 3,145,000Source | 1,291,000Source | 826,000Source | 1,002,000Source | 5,391,000Source | 3,192,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | — | 10,000Source | 0Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | 0Source | 250,000Source | 2,664,000Source | 3,671,000Source |
| Net Income (Loss) Attributable to Noncontrolling Interest | —Source | — | —Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | —Source | — | —Source | — | — | — |
income statement · annual statements
| Line item | Q2 2026 | Q2 2025 | Q1 2026 | Q1 2025 | FY 2025 | FY 2024 |
|---|---|---|---|---|---|---|
| Total RevenueUSD | 217,658,000Source | 175,991,000Source | 240,746,000Source | 208,067,000Source | 838,692,000Source | 731,593,000Source |
| Selling, General and Administrative ExpenseUSD | 50,504,000Source | 53,879,000Source | 48,011,000Source | 35,362,000Source | 176,732,000Source | 131,947,000Source |
| Operating Income (Loss)USD | -8,922,000Source | -105,167,000Source | 24,080,000Source | 52,647,000Source | -135,293,000Source | 129,544,000Source |
| Other Nonoperating Income (Expense)USD | 3,145,000Source | 1,291,000Source | 826,000Source | 1,002,000Source | 5,391,000Source | 3,192,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -10,167,000Source | -102,950,000Source | 20,551,000Source | 54,706,000Source | -127,172,000Source | 137,196,000Source |
| Income Tax Expense (Benefit)USD | -73,000Source | -6,967,000Source | 2,813,000Source | 4,130,000Source | 2,997,000Source | 2,395,000Source |
| Net Income (Loss) Attributable to ParentUSD | -1,008,000Source | — | 494,000Source | — | -2,324,000Source | — |
| Interest Expense (non-operating)USD | 5,887,000Source | 104,000Source | 6,234,000Source | 143,000Source | 1,436,000Source | 64,000Source |
| Additional Financial Items | ||||||
| Amortization of Intangible AssetsUSD | 200,000Source | 100,000Source | 100,000Source | 200,000Source | 500,000Source | 700,000Source |
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 173,554,000Source | 225,243,000Source | 166,381,000Source | 117,963,000Source | 595,085,000Source | 461,777,000Source |
| Cost, Depreciation and AmortizationUSD | 2,522,000Source | 2,036,000Source | 2,274,000Source | 2,095,000Source | 9,005,000Source | 8,325,000Source |
| Costs and ExpensesUSD | 226,580,000Source | 281,158,000Source | 216,666,000Source | 155,420,000Source | 973,985,000Source | 602,049,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | 3,508,000Source | 2,497,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | — | — | — | 9,455,000Source | 0Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 0Source | 0Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | -127,172,000Source | 137,196,000Source |
| Interest Expense, DebtUSD | 5,800,000Source | — | 6,200,000Source | — | 1,100,000Source | — |
| Investment Income, InterestUSD | 1,497,000Source | 1,030,000Source | 1,879,000Source | 1,200,000Source | 4,166,000Source | 4,524,000Source |
| Net Income (Loss) Attributable to Noncontrolling Interest | —Source | — | —Source | — | — | — |
| Earnings Per Share, Basic | —Source | — | —Source | — | — | — |
| Earnings Per Share, Diluted | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Basic | —Source | — | —Source | — | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | —Source | — | —Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, Basic | —Source | — | —Source | — | — | — |
Offerings
Registration 333-298382
- Gross proceeds
- 188516108.0
- Net proceeds
- 180032883.14
- Deal price
- 44.0
- Shares
- 4284457
- Offering price
- $44.00
- Ticker
- ANDG
Underwriters: Truist Securities, Inc., UBS Securities LLC, William Blair & Company, L.L.C.
Filing attachments
d122909dex991.htm · 8-K · 2026-08-12
EX-99.1 2 d122909dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Andersen Group Inc. 333 Bush Street Suite 1700 San Francisco, CA 94104 Andersen Group Delivers Record Second-Quarter Revenue of $217.7 Million Six-Month Revenue Reaches $458.4 Million, Up 19.4%, with All Service Lines Contributing to Broad-Based Growth San Francisco, August 12, 2026 - Andersen Group Inc. (NYSE: ANDG) today reported robust financial results for the second quarter and six months ended June 30, 2026, marked by acc…
Read attachment ↗d320761dex991.htm · 8-K · 2026-05-12
EX-99.1 2 d320761dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Andersen Group Inc. 333 Bush Street Suite 1700 San Francisco, CA 94104 Andersen Reports Strong First-Quarter of 2026 Financial Results and Updates Full-Year Guidance San Francisco, May 12, 2026 - Andersen Group Inc. (NYSE: ANDG) today released financial results for the first quarter ended March 31, 2026. Andersen continued to deliver strong top-line growth with first-quarter revenue of $240.7 million up 15.7%, compared with $20…
Read attachment ↗d52201dex991.htm · 8-K · 2026-03-17
EX-99.1 2 d52201dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Andersen Reports Record Fourth-Quarter and Full-Year 2025 Financial Results and Initiates 2026 Guidance San Francisco, Mar. 17, 2026 - Andersen Group Inc. (NYSE: ANDG) today released financial results for the fourth quarter and full year ended December 31, 2025. Andersen delivered strong top-line growth in 2025, with full-year revenue of $838.7 million, up 14.6% from $731.6 million in 2024. Fourth-quarter revenue of $170.3 million g…
Read attachment ↗