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Andersen Group, Inc. Class A
(NYSE:ANDG)
Select Model
Select Model
Rating:64Neutral
Price Target:
$60.00
▲(4.44% Upside)
Action:Reiterated
Date:08/21/26
The score is held back primarily by weakened financial quality and balance-sheet stress (2025 net loss and negative equity despite rapid revenue growth). Offsetting that, the stock shows solid technical strength (price above key moving averages with positive momentum) and attractive headline valuation (low P/E). The latest earnings call supports confidence via reaffirmed guidance and improving adjusted profitability, but GAAP pressure from stock-based compensation and deal-timing/integration risks temper the outlook.
Positive Factors
Organic Growth and Margin Expansion
Strong organic growth across the core advisory platform, combined with substantial adjusted margin expansion, indicates improving client demand and operating leverage. These trends can support durable revenue growth and profitability if productivity and pricing gains persist.
Negative Factors
Stressed Historical Capital Structure
The sharp increase in debt and move to negative equity indicate materially weaker solvency and financial flexibility. Even with improved current liquidity, this historical deterioration raises refinancing, covenant and capital-allocation risks if cash generation weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic Growth and Margin Expansion
Strong organic growth across the core advisory platform, combined with substantial adjusted margin expansion, indicates improving client demand and operating leverage. These trends can support durable revenue growth and profitability if productivity and pricing gains persist.
Read all positive factors
Andersen Group, Inc. Class A (ANDG) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.49B
Dividend YieldN/A
Average Volume (3M)529.09K
Price to Earnings (P/E)5.2
Beta (1Y)1.28
Revenue Growth17.95%
EPS Growth154.85%
CountryUS
Employees2,690
SectorGeneral
Sector StrengthN/A
IndustryPersonal Products & Services
Share Statistics
EPS (TTM)10.74
Shares Outstanding13,613,285
10 Day Avg. Volume763,758
30 Day Avg. Volume529,085
Financial Highlights & Ratios
PEG Ratio1.42
Price to Book (P/B)-2.12
Price to Sales (P/S)0.34
P/FCF Ratio1.64
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$54.83Price Target Upside-4.55% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)1.76
Revenue Forecast (FY)$981.17M
Andersen Group, Inc. Class A Business Overview & Revenue Model
Company Description
Andersen is a prominent firm specializing in independent tax, valuation, and financial advisory services, primarily serving individuals, family offices, businesses, and alternative investment funds across the United States. The company distinguish...
Andersen Group, Inc. Class A Earnings Call Summary
Earnings Call Date:Aug 12, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Mar 23, 2027
Earnings Call Sentiment Positive
The call conveyed strong underlying operational and financial momentum: robust organic revenue growth (+~20% Q2 organic), notable margin expansion (hundreds of basis points), improved productivity, pricing power, solid hiring metrics, a healthy balance sheet, and active AI adoption. Primary weaknesses are timing and integration friction around inorganic transactions (lower-than-expected 2026 inorganic revenue), a substantial noncash stock-based compensation charge that depresses GAAP results for the quarter, and some modest attrition and remaining integration work. On balance the positives (organic growth, margin expansion, liquidity, hiring, AI/tech progress) materially outweigh the lowlights tied mostly to timing and noncash accounting impacts.Positive Updates
Strong Top-Line Growth in Q2
Revenue of $217.7M in Q2 2026, up 23.7% year-over-year; organic revenue up ~20.5%–20.6% excluding acquisitions (Q2), and first half revenue of ~$458M, up ~19.3% YoY.
Negative Updates
GAAP Net Loss in the Quarter
GAAP net loss of $10.1M for Q2 2026 (EPS -$0.08 basic / -$0.09 diluted), though this is an improvement versus a $96M GAAP loss in Q2 2025 and H1 GAAP net income of $7.6M.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Top-Line Growth in Q2
Revenue of $217.7M in Q2 2026, up 23.7% year-over-year; organic revenue up ~20.5%–20.6% excluding acquisitions (Q2), and first half revenue of ~$458M, up ~19.3% YoY.
Read all positive updates
Company Guidance
Andersen reaffirmed full‑year 2026 guidance of $980M–$1.0B revenue (≈18% annual growth) and adjusted EBITDA of $225M–$250M (22%–23% margin; ≈5% growth). Q2 results that underpin the outlook included revenue of $217.7M (+23.7% YoY; organic +20.5–20.6% excl. $5.5M acquis. revenue), adjusted EBITDA $45.9M (+≈55% YoY; 21.1% margin), and adjusted net income $39M (17.9% margin); GAAP Q2 loss was $10.1M (EPS -$0.08). First‑half revenue was ≈$458M (+19.3%; organic ~17.9%) with YTD adjusted EBITDA up >41%; last 12‑month revenue $913M (+18%) and LTM adjusted EBITDA $262.9M (+46%; 28.8% margin). Operational drivers cited include productivity +3.9% (H1), rate per hour +10.1% YoY, revenue per professional +16.4% (YTD), >1,300 gross client adds (+10.6%), 16 signed transactions (8 closed, >$130M annualized revenue), expected inorganic revenue ≈$25–30M for 2026 (vs. prior $55M plan), cash $175.6M, and no third‑party debt.Andersen Group, Inc. Class A Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
28
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 913.04M | 838.69M | 731.59M | 639.11M |
| Gross Profit | 316.43M | 234.60M | 261.49M | 231.52M |
| EBITDA | -49.24M | -116.73M | 145.59M | 128.77M |
| Net Income | 42.57M | -2.32M | 134.80M | 118.68M |
Balance Sheet | ||||
| Total Assets | 571.49M | 565.14M | 398.77M | 369.48M |
| Cash, Cash Equivalents and Short-Term Investments | 177.70M | 258.46M | 110.48M | 90.32M |
| Total Debt | 414.38M | 460.49M | 108.08M | 111.06M |
| Total Liabilities | 540.03M | 593.52M | 202.53M | 191.98M |
| Stockholders Equity | -775.28M | -134.73M | 196.25M | 177.50M |
Cash Flow | ||||
| Free Cash Flow | 167.78M | 173.56M | 143.72M | 113.17M |
| Operating Cash Flow | 188.56M | 184.62M | 152.31M | 118.07M |
| Investing Cash Flow | -11.69M | 10.61M | -18.46M | -12.62M |
| Financing Cash Flow | -80.14M | -32.94M | -117.57M | -91.24M |
Andersen Group, Inc. Class A Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | $80.45B | 40.34 | 41.80% | 0.87% | 8.94% | 11.03% | |
67 Neutral | $2.77B | 18.03 | 8.94% | 2.38% | 6.53% | 107.41% | |
67 Neutral | $4.78B | 41.57 | 5.32% | 0.49% | 1.41% | -22.01% | |
64 Neutral | $6.49B | 5.24 | -19.22% | ― | 17.95% | 154.85% | |
62 Neutral | $15.10B | 38.89 | 11.75% | 0.81% | 11.02% | 6.21% | |
59 Neutral | $11.93B | 24.69 | 5.82% | 2.18% | 2.92% | 43.13% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
ANDG
Andersen Group, Inc. Class A
56.26
32.76
139.40%
ABM
ABM Industries
47.05
0.04
0.09%
CTAS
Cintas
200.47
-1.99
-0.98%
UNF
UniFirst
275.17
98.49
55.74%
ARMK
ARAMARK Holdings
56.78
18.38
47.86%
RTO
Rentokil Initial
23.83
-1.26
-5.01%
Andersen Group, Inc. Class A Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Andersen Group posts record Q2 results, reaffirms guidance
Positive
Aug 12, 2026
Andersen Group Inc. reported record financial results for the second quarter and six months ended June 30, 2026, with quarterly revenue rising 23.7% year-on-year to $217.7 million and six-month revenue up 19.4% to $458.4 million, driven by broad-b...
Business Operations and StrategyPrivate Placements and Financing
Andersen Group Secures New JPMorgan Revolving Credit Facility
Positive
Jun 29, 2026
On June 25, 2026, Andersen Tax LLC entered into a $50 million asset-based revolving credit facility with JPMorgan Chase Bank, secured by a first lien on substantially all assets of Andersen Group Inc. and its key subsidiaries. The three-year facil...
Executive/Board ChangesShareholder Meetings
Andersen Group Holds 2026 Virtual Annual Stockholders Meeting
Neutral
Jun 23, 2026
At its virtual Annual Meeting of Stockholders held on June 22, 2026, Andersen Group Inc. reported that only stockholders of record as of April 23, 2026, representing 112,485,744 outstanding shares split between Class A and Class B common stock, we...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.