Andersen Group Inc. (ANDG)

Andersen Group reported second-quarter 2026 revenue of $217.7 million, up 23.7 percent from a year earlier 2.

The quarter still ended in a net loss of $10.1 million 2.

The company said growth came from client growth, higher volume, service line expansion and acquisitions closed in the second quarter of 2026 2.

On 13 October 2026 it added two longtime executives, Daniel DePaoli and Peter Coscia, to its board, which grew to 10 directors from 8 4.

A later current report lists several firm purchases paid partly in new Class A shares, some of them expected to close in the fourth quarter of 2026 3.

Andersen says it was founded in 2002 by leaders and partners of the former Arthur Andersen 1.

It chose from the start not to offer audit or similar attestation work, so the independence rules that bind audit firms do not limit it 1.

It helped found Andersen Global, a Swiss association formed in 2013, but holds no equity in it 1.

Revenue grew 14.5 percent in 2024, to $731.6 million from $639.1 million in 2023 1.

In 2025 revenue rose 14.6 percent to $838.7 million, which the company tied to customer additions, higher volume and service line expansion 1.

On 18 December 2025 it completed its initial public offering of 12,650,000 Class A shares and received net proceeds of $188.2 million 1.

The 2025 operating loss of $135.3 million came mainly from $193.2 million of nonrecurring equity restructuring costs tied to the reorganization 1.

Equity-based pay also added $114.7 million to the cost of services in 2025 1.

In July 2026 the company announced it had closed a tax firm purchase in Switzerland and a business combination in Canada 2.

What it sells

Private Client Services helps individuals and families with wealth, giving and estate planning, and brought in 51.5 percent of 2025 revenue 1.

Business Tax Services handles tax planning, compliance and reporting for companies and made 34.8 percent 1.

Alternative Investment Funds serves hedge funds, private equity funds and real estate investment trusts (8.7 percent), and a fourth line gives independent appraisals of what assets are worth (5.0 percent) 1.

By region, the West gave 42.1 percent of 2025 revenue, the East 38.9 percent and the Central region 19.0 percent 1.

It served 12,350 client groups in 2025, and its top 10 client groups gave only 5.5 percent of revenue 1.

People and offices

It employed 2,296 people at the end of 2025 and 2,690 at 30 June 2026 12.

Mark Vorsatz is chairman and chief executive, and also serves as Global Chairman of Andersen Global 1.

Headquarters is a leased San Francisco office of about 53,000 square feet, and it leases space in over 26 locations 1.

The umbrella, in words

Andersen Group Inc. is a holding company whose sole material asset is indirect ownership of Andersen Tax Holdings LLC through Class X Umbrella Units in AT Umbrella LLC 1.

It has no equity in Andersen Global or its member firms, which are legally separate 1.

Purchases it agreed to and closed in October 2026 include BD Emerson on 9 October, Daniels Consulting on 13 October and Zenger Folkman on 15 October 3.

The company expects the Endeavor and Clareo Consulting purchases to close in the fourth quarter of 2026, subject to customary closing conditions 3.

It expects its purchase of Andersen Servicios Profesionales, a tax and legal firm in Mexico, to close in the first quarter of 2027 3.

It expects to issue 54,463 Class A shares as part of the Mexican purchase price, subject to customary adjustments 3.

On 13 October 2026 the company said the new directors align board oversight with strategic priorities including organic growth, acquisitions and global expansion 4.

No clue on file points to a new direction yet.