Filing Flows › Andersen Group (ANDG) › Q2 2026 › vs Q1 2026
Andersen Group (ANDG) Q2 2026 vs Q1 2026 (quarter over quarter)
Andersen Group's revenue fell $23.1M (-10%) from $241M in Q1 2026 to $218M in Q2 2026. The biggest changes: Private Client Services −$20.7M (-17%); Alternative Investment Funds −$7.5M (-30%); Business Tax Services +$4.8M (+6%).
Andersen Group, Q2 2026: revenue $218M (+24% year over year), operating margin -4.1%, net loss $10.1M, operating cash flow $69.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.9% | -3.1% | +31.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Private Client Services | $102M | $123M | −$20.7M | -17% |
| Business Tax Services | $85.4M | $80.6M | $4.8M | +6% |
| Alternative Investment Funds | $17.7M | $25.2M | −$7.5M | -30% |
| Valuation Services | $12.1M | $11.7M | $361K | +3% |
| Revenue | $218M | $241M | −$23.1M | -10% |
| Income tax benefit | $73K | −$2.8M | $2.9M | — |
| Net loss | $10.1M | −$17.7M | $27.8M | — |
| Costs & expenses | $228M | $241M | −$12.9M | -5% |
| Operating costs | $227M | $217M | $9.9M | +5% |
| Interest & other, net | $1.2M | $3.5M | −$2.3M | -65% |
| Cost of revenue | $174M | $166M | $7.2M | +4% |
| SG&A | $50.5M | $48.0M | $2.5M | +5% |
| Other operating costs | $2.5M | $2.3M | $248K | +11% |
| Operating cash sources | $79.8M | −$21.6M | $101M | — |
| Depreciation & amortization | $2.5M | $2.3M | $248K | +11% |
| Share-based compensation | $48.3M | $45.6M | $2.7M | +6% |
| Working capital & other | $29.0M | −$69.5M | $98.5M | — |
| Net loss absorbed | $10.1M | −$17.7M | $27.8M | — |
| Operating cash flow | $69.7M | −$3.9M | $73.5M | — |
| Free cash flow (OCF − capex) | $60.6M | −$7.6M | $68.2M | — |
| Capital expenditures | $9.1M | $3.7M | $5.4M | +145% |
Questions
How much did Andersen Group's revenue grow quarter over quarter in Q2 2026?
Andersen Group's revenue fell $23.1M (-10%) from $241M in Q1 2026 to $218M in Q2 2026.
What drove Andersen Group's revenue change in Q2 2026?
Private Client Services −$20.7M (-17%); Alternative Investment Funds −$7.5M (-30%); Business Tax Services +$4.8M (+6%).