📈 Price History

Ratio Health

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📊 Sector Averages

About

Andersen Group Inc. provides independent tax, valuation, and financial advisory services to individuals and family offices, businesses, and institutional clients in the United States. The company offers private client services that provides tax and financial services for individuals and families, addressing client matters involving multigenerational wealth, charitable giving and trust and estate planning; business tax services, such as integrated tax-related consulting and compliance services for businesses, helping organizations with managing tax planning, compliance, and reporting needs; alternative investment funds, including tax and financial services for family offices, funds of funds, hedge funds, private equity funds, venture capital funds, and real estate investment trusts; and valuation services for clients to help navigate tax laws and regulations and comply with important regulatory requirements. Andersen Group Inc. was founded in 2002 and is headquartered in San Francisco, California. Andersen Group Inc. operates as a subsidiary of Andersen Aggregator LLC.

Key Ratios Snapshot

📈 Growth Pattern

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⭐ Superinvestors Holding ANDG

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Manager	Shares	Value	% of Fund	Period
Jim Simons Renaissance Technologies LLC	62.0K	$1.7M	0.00%	Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔍 Concall Decoded

🎙 Management Tone Tracker Confident Specific → Stable 2 quarters analysed

Q4 2025

Confident Specific

The CEO repeatedly provided specific numbers (revenue $170M, net income $199M, 48% growth) and stated 'by any measure, pretty solid year'. He used language like 'reasonable progress' and 'we will substantially outperform that plan', projecting strong forward guidance.

Q1 2026 latest

Confident Specific

Management used language such as 'very solid first quarter', 'exceeded the midpoint of guidance', and provided precise figures like 15.7% revenue growth and 12.7% revenue per professional increase, indicating strong performance and clear messaging.

Guidance Reliability Pending · <3Q data

Investor Lens

The investment thesis is stronger after this call. Q1 results beat guidance on both revenue ($240.7M vs. $230-235M) and adjusted EBITDA margin (30% vs. 25-26%), driven by organic growth and pricing power. Management raised full-year revenue guidance and provided explicit margin targets, indicating confidence in continued momentum. The M&A pipeline is robust but execution risk remains; the decision to focus on smaller, higher-upside groups (e.g., 20-person platforms with growth potential) suggests a disciplined approach. Key metrics to watch next quarter: revenue per professional growth, progress on integrating consulting practices, and whether Q2 guidance range ($190-205M) is achieved despite seasonality. The AI rollout could be a long-term margin driver but lacks near-term quantification. Overall, the call reinforced a positive outlook but left some details on profitability timing and AI monetization unclear.

AI-generated concall tone analysis · Updated 2026-06-08 · Not investment advice

🎙 Management Tone Confident Specific → Stable 2 quarters Full tone analysis in Intelligence →

📊 MIXED Andersen Global reports Q1 revenue $241M, up 15.7%, EBITDA margin 30%.

Revenue & Profitability

Q1 2026 GAAP net income was $17.7 M (7.4% margin), depressed by $41.2 M of non‑cash equity‑based compensation. Adjusted net income was $62.9 M (26.1% margin). Adjusted EBITDA was $72.3 M (30% margin), up 26.4% year‑on‑year. Revenue per professional grew 12.7%, and revenue per hour increased 8%. The firm had $207 M cash and no third‑party debt.

Outlook

Management sees potential tailwinds from proposed wealth taxes in states like Washington (9.9% on income over $1 M), though litigation creates uncertainty. The CEO noted that these developments have not yet materially driven revenue. The firm expects demand for its services to remain robust, supported by client wins and cross‑selling opportunities.

Growth Drivers

Key levers include strong organic growth in private client services (18.2%) and valuation (17.3%). International M&A is expanding, particularly in Europe, with full‑year inorganic revenue guidance raised from $33 M to $55 M. Consulting and global mobility are investing for future growth, expected to become profitable in 2H 2027 and 2028, respectively.

Balance Sheet & CapEx

The firm has begun rolling out an AI technology plan, starting with internal training in increments of 500 people. It is hiring additional full‑time attorneys and financial personnel to support M&A execution. No specific CapEx dollar amounts were disclosed.

Margins

Adjusted EBITDA margin was 30% in Q1, exceeding the 25‑26% midpoint of prior guidance. Excluding losses from consulting and global mobility ($7.4 M), margin would have been 33%. Full‑year 2026 guidance calls for adjusted EBITDA margin of 23‑25%, reflecting seasonality and continued investment in growth areas.

Key Risks

Risks flagged include seasonality (Q2 expected net loss due to non‑cash equity charges), integration of acquired firms, macro uncertainty, and the impact of tax‑law litigation. The CEO also noted that execution capacity is the main bottleneck for M&A.

Generated by AI · Q1 2026 results · Not investment advice

✓ 📞 Earnings Call Transcripts (3 quarters) submit a missing quarter

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📞 Earnings Call Transcripts (3)

Q2 2026 Q2 2026 2026-08-12

Second quarter revenue grew 23.7% year-over-year to $217.7 million, with organic growth at 20.5% and adjusted EBITDA up 54%. Business tax and private client services led segment growth, while strong hiring and technology integration supported operational gains. Full-year guidance was reaffirmed, with robust deal activity and a strong pipeline expected to drive continued momentum.

Q1 2026 Q1 2026 2026-05-12

Revenue grew 15.7% year-over-year in Q1, with all major service lines posting double-digit gains and adjusted EBITDA up 26%. Full-year guidance was raised, with most inorganic revenue expected in the second half. AI initiatives and integration efforts are underway.

Q4 2025 Q4 2025 2026-03-17

Q4 and full-year 2025 saw strong revenue and margin growth, with all segments contributing and significant outperformance versus guidance. 2026 outlook projects continued double-digit growth, driven by organic expansion, acquisitions, and technology initiatives, despite ongoing non-cash charges impacting GAAP results.

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Investment Risk:
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