Filing Flows › Andersen Group (ANDG) › Q1 2026
Andersen Group (ANDG) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
Andersen Group (ANDG) reported revenue of $241M for the first quarter 2026 (Q1 2026), +16% from a year earlier. Operating margin was 10.0%, net earnings $494K (0.2% of revenue).
Andersen Group, Q1 2026: revenue $241M (+16% year over year), operating margin 10.0%, net earnings $494K, operating cash flow −$3.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $241M | — | +16% |
| Operating profit | $24.1M | — | -54% |
| Net earnings | $494K | — | -99% |
| Operating cash flow | −$3.9M | — | — |
What changed
Revenue was $240.7M in Q1 2026, up 16% year over year. Private Client Services was the largest line at 51% of revenue. Private Client Services added $19.0M year over year (up 18%), 58% of the total change.
Operating profit was $24.1M, a 10.0% margin (down 15.3 points year over year). Operating profit fell $28.6M even though revenue rose $32.7M versus a year earlier, so costs grew faster than sales. Total costs grew 39% against revenue growth of 16%. The fastest-growing cost line was Cost of revenue (+41%). Net earnings were $494K, down 99% year over year. The effective tax rate was 13.7%.
Operating cash flow was −$3.9M. Non-cash charges added back $2.3M of depreciation and amortization and $45.6M of share-based compensation. Working capital and other items used $69.5M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$7.6M.
Questions
What was Andersen Group's revenue in the first quarter 2026?
Andersen Group (ANDG) reported revenue of $241M for the first quarter 2026 (Q1 2026), +16% from a year earlier.
Was Andersen Group profitable in the first quarter 2026?
Operating profit was $24.1M (10.0% of revenue) and net earnings $494K.
Source: Andersen Group 10-Q on SEC EDGAR.