Filing Flows › Andersen Group (ANDG) › Q2 2026 › vs Q2 2025
Andersen Group (ANDG) Q2 2026 vs Q2 2025 (year over year)
Andersen Group's revenue rose $41.7M (+24%) from $176M in Q2 2025 to $218M in Q2 2026. The biggest changes: Business Tax Services +$23.0M (+37%); Private Client Services +$14.8M (+17%); Alternative Investment Funds +$2.7M (+18%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.9% | 27.9% | -0.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Private Client Services | $102M | $87.6M | $14.8M | +17% |
| Business Tax Services | $85.4M | $62.4M | $23.0M | +37% |
| Alternative Investment Funds | $17.7M | $15.0M | $2.7M | +18% |
| Valuation Services | $12.1M | $10.9M | $1.2M | +11% |
| Revenue | $218M | $176M | $41.7M | +24% |
| Income tax benefit | $73K | $7.0M | −$6.9M | -99% |
| Net loss | $10.1M | $96.0M | −$85.9M | -89% |
| Costs & expenses | $228M | $281M | −$53.3M | -19% |
| Operating costs | $227M | $281M | −$54.6M | -19% |
| Interest & other, net | $1.2M | −$2.2M | $3.5M | — |
| Cost of revenue | $174M | $225M | −$51.7M | -23% |
| SG&A | $50.5M | $53.9M | −$3.4M | -6% |
| Other operating costs | $2.5M | $2.0M | $486K | +24% |
| Operating cash sources | $79.8M | $147M | −$66.9M | -46% |
| Depreciation & amortization | $2.5M | $2.0M | $486K | +24% |
| Share-based compensation | $48.3M | $130M | −$81.3M | -63% |
| Working capital & other | $29.0M | $15.0M | $13.9M | +93% |
| Net loss absorbed | $10.1M | $96.0M | −$85.9M | -89% |
| Operating cash flow | $69.7M | $50.6M | $19.0M | +38% |
| Free cash flow (OCF − capex) | $60.6M | $49.0M | $11.6M | +24% |
| Capital expenditures | $9.1M | $1.6M | $7.5M | +467% |
Questions
How much did Andersen Group's revenue grow year over year in Q2 2026?
Andersen Group's revenue rose $41.7M (+24%) from $176M in Q2 2025 to $218M in Q2 2026.
What drove Andersen Group's revenue change in Q2 2026?
Business Tax Services +$23.0M (+37%); Private Client Services +$14.8M (+17%); Alternative Investment Funds +$2.7M (+18%).