Andersen Group Inc.

Listed Company

ANDGCIK 0002065708NYSEEmerging GrowthServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$838.69M

Net Income

$-2.32M

Total Assets

$565.14M

Equity

$-134.73M

Shares Out

—

Op. Cash Flow

$184.62M

ANDG$44.51+95.82% · past 7 monthsDBEQ Basic

Daily closing prices

Business

Andersen Group Inc. is a leading independent provider of tax, valuation and financial advisory services to individuals, families, businesses and institutional clients in the United States. The company offers integrated service lines including private client services, business tax services, alternative investment fund advisory, and valuation services, with specialized expertise in areas such as M&A transaction services, state and local tax, international tax and fund structuring. Operating through 26 U.S. locations and leveraging access to over 50,000 professionals globally via Andersen Global membership, Andersen deliberately excludes audit services to maintain independence and avoid regulatory restrictions.

Summary from 10-K filed 2026-07-01

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Revenue	839	732	639
Cost of services (excluding depreciation and amortization)	595	462	400
Sales, general and administrative	177	132	115
Equity restructuring costs	193	0	0
Depreciation and amortization	9	8	8
Total operating expenses	974	602	522
Operating (loss) income	−135	130	117
Interest income	4	5	3
Interest expense	−1	−64,000	−138,000
Other income, net	5	3	2
(Loss) income before income tax expense	−127	137	121
Income tax expense	3	2	2
Net (loss) income	−130	135	119
Net income	−128	—	—
Net loss attributable to Andersen Group Inc.	−2	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31
Cash and cash equivalents	250	88	—	—
Accounts receivable, net of allowance for credit losses of $1,676 and $3,071, respectively	123	118	109	—
Loans and notes receivable from related parties, net of allowance for credit losses of $2,513 and $1,480, respectively	473,000	436,000	—	—
Investments in held-to-maturity debt securities, current	8	22	—	—
Prepaid expenses and other current assets	30	18	—	—
Total current assets	412	246	—	—
Loans and notes receivable from related parties, net of allowance for credit losses of $8,222 and $7,131, respectively	440,000	2	—	—
Property and equipment, net	36	33	—	—
Operating lease right-of-use assets	82	77	—	—
Intangible assets, net	3	2	—	—
Investments in held-to-maturity debt securities	0	8	—	—
Goodwill	30	30	—	—
Other assets	2	0	—	—
Total assets	565	399	—	—
Accounts payable and other accrued expenses	12	17	—	—
Accrued payroll and benefits	46	38	—	—
Deferred revenue	13	16	—	—
Distributions payable to related parties	53	0	—	—
Operating lease liabilities, current	4	17	—	—
Notes payable to related parties, current portion	62	0	—	—
Other current liabilities	6	7	—	—
Total current liabilities	196	94	—	—
Operating lease liabilities, noncurrent	106	91	—	—
Notes payable to related parties, less current portion	288	0	—	—
Other liabilities	4	17	—	—
Total liabilities	594	202	—	—
Commitments and contingencies (Note 17)	—	—	—	—
Redeemable noncontrolling interest (Note 12)	0	0	—	—
Members' equity	0	196	177	148
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	−135	—	—	—
Total stockholders' deficit/ members' equity	−135	—	—	—
Total liabilities, redeemable noncontrolling interest and stockholders' deficit/ members' equity	565	399	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31
Gain on reversal of legal accrual	−9	0	0
Equity-based compensation	147	0	0
Depreciation and amortization	9	8	8
Non-cash lease expense	13	13	11
Provision for credit losses on accounts receivable	−1	−870,000	−328,000
Amortization of discount on held-to-maturity debt securities	−412,000	−1	−696,000
Deferred income tax	−511,000	−102,000	171,000
Reserves on loans and notes receivable from related parties	3	4	500,000
Other, net	145,000	−30,000	651,000
Accounts receivable	−4	−8	−15
Prepaid expenses and other current assets	−13	348,000	−2
Other assets	−2	0	0
Accounts payable and other accrued expenses	2	6	4
Accrued payroll and benefits	12	10	−2
Deferred revenue	−3	1	−1
Other current liabilities	−17	173,000	3
Operating lease liabilities	−15	−12	−13
Other liabilities	1	−3	6
Net cash provided by operating activities	185	152	118
Purchases of held-to-maturity debt securities	0	−28	−37
Proceeds from maturity of held-to-maturity debt securities	23	23	30
Issuance of loans and notes receivable from related parties	−3	−6	−4
Proceeds from loans and notes receivable from related parties	2	2	4
Payments for purchases of property and equipment	−10	−9	−5
Payments for capitalized internal-use software costs	−717,000	−622,000	−606,000
Net cash provided by (used in) investing activities	11	−18	−13
Proceeds from IPO, net of underwriting discounts and commissions	188	0	0
Payments of deferred offering costs	−8	−615,000	0
Proceeds from issuance of Class B common stock	10,000	0	0
Deferred consideration payments for business combination	−800,000	−800,000	−800,000
Principal payments under finance lease obligations	−117,000	−105,000	−139,000
Distributions paid	−212	−116	−90
Net cash used in financing activities	−33	−118	−91
Net change in cash and cash equivalents	162	16	14
Interest paid	217,000	12,000	18,000
Income taxes paid	3	2	2
Property and equipment acquired through finance leases	32,000	0	331,000
Right-of-use assets obtained in exchange for lease liabilities	20	9	8
Right-of-use asset and lease liability adjustments due to remeasurement	−2	0	0
Purchases of property and equipment included in accounts payable and other accrued expenses	1	0	0
Issuance of notes payable to related parties	157	0	0
Settlement of deferred compensation liability with LTIP Unit issuance	1	0	0

Filings

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Frequently asked questions

What is Andersen Group Inc.'s CIK number?

Andersen Group Inc.'s SEC CIK number is 0002065708 (2065708). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Andersen Group Inc.'s SEC filings?

All of Andersen Group Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Andersen Group Inc. last report earnings?

Andersen Group Inc. (ANDG) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-219512). This is Andersen Group Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Andersen Group Inc.'s most recent earnings 8-K?

Andersen Group Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001193125-26-219512. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Andersen Group Inc.'s latest earnings 8-K →
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