ANDG on NYSE
Andersen Group Inc.
$59.34 up 2.05 (3.58%)Price as of Oct 15, 2026 at 17:33 UTC
Last updated Oct 16, 2026.
Overview
Compare with Payoneer, XBP Global Holdings, Inc. or Nutex Health Inc., or pick any stock.
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Private Client Services brought in 51% of the revenue Andersen Group Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Private Client Services | $321.0M | $364.7M | $431.8M |
| Business Tax Services | $226.3M | $261.0M | $291.8M |
| Alternative Investment Funds | $58.9M | $68.9M | $72.9M |
| Valuation Services | $32.9M | $37.0M | $42.2M |
Regions
US West Region brought in 42% of the revenue Andersen Group Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2023 | 2024 | 2025 |
|---|---|---|---|
| US West Region | $288.2M | $323.6M | $353.3M |
| US East Region | $235.9M | $272.3M | $325.9M |
| US Central Region | $115.0M | $135.6M | $159.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin21¢$176.7M
- Other costs79¢$659.0M
- Income tax0¢$3.0M
Out of $838.7M in revenue.3 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending5¢$10.3M
- Dividends paid95¢$212.2M
Out of $184.6M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $838.7M | $731.6M | $639.1M |
| Cost of services (excluding depreciation and amortization) | $595.1M | $461.8M | $399.9M |
| Sales, general and administrative | $176.7M | $131.9M | $114.7M |
| Equity restructuring costs | $193.2M | $0 | $0 |
| Depreciation and amortization | $9.0M | $8.3M | $7.7M |
| Total operating expenses | $974.0M | $602.0M | $522.3M |
| Operating (loss) income | -$135.3M | $129.5M | $116.9M |
| Interest income | $4.2M | $4.5M | $2.7M |
| Interest expense | -$1.4M | -$64.0K | -$138.0K |
| Other income, net | $5.4M | $3.2M | $1.6M |
| (Loss) income before income tax expense | -$127.2M | $137.2M | $120.9M |
| Income tax expense | $3.0M | $2.4M | $2.3M |
| Net (loss) income | -$130.2M | $134.8M | $118.7M |
| Net income | -$127.8M | ||
| Net loss attributable to Andersen Group Inc. | -$2.3M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $250.3M | $88.0M | |
| Accounts receivable, net of allowance for credit losses of $1,676 and $3,071, respectively | $123.4M | $117.8M | $109.1M |
| Loans and notes receivable from related parties, net of allowance for credit losses of $2,513 and $1,480, respectively | $473.0K | $436.0K | |
| Investments in held-to-maturity debt securities, current | $8.2M | $22.5M | |
| Prepaid expenses and other current assets | $29.7M | $17.6M | |
| Total current assets | $412.0M | $246.4M | |
| Loans and notes receivable from related parties, net of allowance for credit losses of $8,222 and $7,131, respectively | $440.0K | $2.2M | |
| Property and equipment, net | $35.7M | $32.7M | |
| Operating lease right-of-use assets | $82.1M | $76.9M | |
| Intangible assets, net | $2.5M | $2.3M | |
| Investments in held-to-maturity debt securities | $0 | $8.1M | |
| Goodwill | $30.1M | $30.1M | |
| Other assets | $2.2M | $0 | |
| Total assets | $565.1M | $398.7M | |
| Accounts payable and other accrued expenses | $12.0M | $16.9M | |
| Accrued payroll and benefits | $46.3M | $37.7M | |
| Deferred revenue | $12.5M | $15.6M | |
| Distributions payable to related parties | $52.7M | $0 | |
| Operating lease liabilities, current | $4.0M | $17.1M | |
| Notes payable to related parties, current portion | $62.3M | $0 | |
| Other current liabilities | $5.9M | $7.2M | |
| Total current liabilities | $195.8M | $94.4M | |
| Operating lease liabilities, noncurrent | $106.4M | $90.9M | |
| Notes payable to related parties, less current portion | $287.7M | $0 | |
| Other liabilities | $3.5M | $17.1M | |
| Total liabilities | $593.5M | $202.4M | |
| Redeemable noncontrolling interest (Note 12) | $106.4M | $0 | |
| Members' equity | $0 | $196.2M | $177.5M |
| Preferred stock, par value $0.0001 per share: 100,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 | $0 | ||
| Additional paid-in-capital | $0 | ||
| Accumulated deficit | -$134.7M | ||
| Total stockholders' deficit/ members' equity | -$134.7M | ||
| Total liabilities, redeemable noncontrolling interest and stockholders' deficit/ members' equity | $565.1M | $398.7M |
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net (loss) income | -$130.2M | $134.8M | $118.7M |
| Gain on reversal of legal accrual | -$9.5M | $0 | $0 |
| Equity-based compensation | $147.4M | $0 | $0 |
| Depreciation and amortization | $9.0M | $8.3M | $7.7M |
| Non-cash lease expense | $12.6M | $12.9M | $11.4M |
| Provision for credit losses on accounts receivable | -$1.2M | -$870.0K | -$328.0K |
| Amortization of discount on held-to-maturity debt securities | -$412.0K | -$1.1M | -$696.0K |
| Deferred income tax | -$511.0K | -$102.0K | $171.0K |
| Reserves on loans and notes receivable from related parties | $2.7M | $3.7M | $500.0K |
| Net loss from equity restructuring | $193.2M | $0 | $0 |
| Other, net | $145.0K | -$30.0K | $651.0K |
| Accounts receivable | -$4.4M | -$7.9M | -$14.5M |
| Prepaid expenses and other current assets | -$12.7M | $348.0K | -$2.3M |
| Other assets | -$1.6M | $0 | $0 |
| Accounts payable and other accrued expenses | $2.2M | $6.4M | $4.4M |
| Accrued payroll and benefits | $12.0M | $9.8M | -$1.9M |
| Deferred revenue | -$3.1M | $1.3M | -$1.1M |
| Other current liabilities | -$16.9M | $173.0K | $2.5M |
| Operating lease liabilities | -$15.4M | -$12.3M | -$13.5M |
| Other liabilities | $1.2M | -$3.1M | $6.4M |
| Net cash provided by operating activities | $184.6M | $152.3M | $118.1M |
| Purchases of held-to-maturity debt securities | $0 | -$28.2M | -$37.0M |
| Proceeds from maturity of held-to-maturity debt securities | $22.8M | $23.1M | $30.3M |
| Issuance of loans and notes receivable from related parties | -$2.9M | -$6.3M | -$4.1M |
| Proceeds from loans and notes receivable from related parties | $1.8M | $2.1M | $3.7M |
| Payments for purchases of property and equipment | -$10.3M | -$8.6M | -$4.9M |
| Payments for capitalized internal-use software costs | -$717.0K | -$622.0K | -$606.0K |
| Net cash provided by (used in) investing activities | $10.6M | -$18.5M | -$12.6M |
| Proceeds from IPO, net of underwriting discounts and commissions | $188.2M | $0 | $0 |
| Payments of deferred offering costs | -$8.1M | -$615.0K | $0 |
| Proceeds from issuance of Class B common stock | $10.0K | $0 | $0 |
| Deferred consideration payments for business combination | -$800.0K | -$800.0K | -$800.0K |
| Principal payments under finance lease obligations | -$117.0K | -$105.0K | -$139.0K |
| Distributions paid | -$212.2M | -$116.0M | -$90.3M |
| Net cash used in financing activities | -$32.9M | -$117.6M | -$91.2M |
| Net change in cash and cash equivalents | $162.3M | $16.3M | $14.2M |
| Interest paid | $217.0K | $12.0K | $18.0K |
| Income taxes paid | $3.2M | $2.4M | $1.6M |
| Property and equipment acquired through finance leases | $32.0K | $0 | $331.0K |
| Right-of-use assets obtained in exchange for lease liabilities | $19.6M | $9.4M | $8.1M |
| Right-of-use asset and lease liability adjustments due to remeasurement | -$1.8M | $0 | $0 |
| Purchases of property and equipment included in accounts payable and other accrued expenses | $1.2M | $0 | $0 |
| Issuance of notes payable to related parties | $156.9M | $0 | $0 |
| Settlement of deferred compensation liability with LTIP Unit issuance | $1.5M | $0 | $0 |
Recent filings
- Oct 14, 20268-K
- Oct 7, 2026SCHEDULE 13G/A
- Aug 20, 2026424B4
- Aug 19, 2026EFFECT
- Aug 17, 2026S-1
- Aug 14, 2026SCHEDULE 13G/A
- Aug 14, 2026SCHEDULE 13G/A
- Aug 13, 2026SCHEDULE 13G
- Aug 12, 20268-K
- Aug 12, 202610-Q
- Aug 5, 2026SCHEDULE 13G
- Aug 3, 2026SCHEDULE 13G
- Jul 30, 2026SCHEDULE 13G/A
- Jul 28, 2026SCHEDULE 13G/A
- Jul 27, 2026SCHEDULE 13G/A
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2Yahoo FinanceANDG quote
- 3
- 4
- 5
- 6