Filing Flows › Andersen Group (ANDG) › Q1 2026 › vs Q1 2025
Andersen Group (ANDG) Q1 2026 vs Q1 2025 (year over year)
Andersen Group's revenue rose $32.7M (+16%) from $208M in Q1 2025 to $241M in Q1 2026. The biggest changes: Private Client Services +$19.0M (+18%); Business Tax Services +$8.9M (+12%); Alternative Investment Funds +$3.0M (+14%). Operating margin 10.0% against 25.3% (-15.3 pts).
Andersen Group, Q1 2026: revenue $241M (+16% year over year), operating margin 10.0%, net earnings $494K, operating cash flow −$3.9M. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.0% | 25.3% | -15.3 pts |
| Net margin | 0.2% | 24.3% | -24.1 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Private Client Services | $123M | $104M | $19.0M | +18% |
| Business Tax Services | $80.6M | $71.7M | $8.9M | +12% |
| Alternative Investment Funds | $25.2M | $22.2M | $3.0M | +14% |
| Valuation Services | $11.7M | $10.0M | $1.7M | +17% |
| Revenue | $241M | $208M | $32.7M | +16% |
| Operating profit | $24.1M | $52.6M | −$28.6M | -54% |
| Costs & expenses | $217M | $155M | $61.2M | +39% |
| Pre-tax earnings | $20.6M | $54.7M | −$34.2M | -62% |
| Other expense, net | $3.5M | −$2.1M | $5.6M | — |
| Cost of revenue | $166M | $118M | $48.4M | +41% |
| SG&A | $48.0M | $35.4M | $12.6M | +36% |
| Other operating costs | $2.3M | $2.1M | $179K | +9% |
| Net earnings | $494K | $50.6M | −$50.1M | -99% |
| Minority interests | $17.2M | $0 | $17.2M | — |
| Income tax | $2.8M | $4.1M | −$1.3M | -32% |
| Operating cash sources | $52.2M | $41.4M | $10.8M | +26% |
| Depreciation & amortization | $2.3M | $2.1M | $179K | +9% |
| Share-based compensation | $45.6M | $0 | $45.6M | — |
| Cash used in operations | $3.9M | −$11.2M | $15.1M | — |
| Working capital & other | $52.2M | $41.4M | $10.8M | +26% |
Questions
How much did Andersen Group's revenue grow year over year in Q1 2026?
Andersen Group's revenue rose $32.7M (+16%) from $208M in Q1 2025 to $241M in Q1 2026.
What drove Andersen Group's revenue change in Q1 2026?
Private Client Services +$19.0M (+18%); Business Tax Services +$8.9M (+12%); Alternative Investment Funds +$3.0M (+14%).