What is Andersen Group's operating income?

Andersen Group's total operating income in 2025 was -$135.29 million, based on the following breakdown: Total Gross Profit: $243.61 million Total Operating Expenses: $378.90 million

Andersen Group (ANDG) Financials

$50.24 -0.08 (-0.16%)

As of 08/21/2026 03:58 PM Eastern

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Annual Income Statements for Andersen Group

This table shows Andersen Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-2.32
Consolidated Net Income / (Loss)	119	135	-130
Net Income / (Loss) Continuing Operations	119	135	-130
Total Pre-Tax Income	121	137	-127
Total Operating Income	117	130	-135
Total Gross Profit	239	732	244
Total Revenue	639	732	839
Operating Revenue	639	732	839
Total Cost of Revenue	400	0.00	595
Operating Cost of Revenue	400	-	595
Total Operating Expenses	122	602	379
Selling, General & Admin Expense	115	132	177
Depreciation Expense	7.69	8.33	9.01
Restructuring Charge	0.00	0.00	193
Total Other Income / (Expense), net	4.08	7.65	8.12
Interest Expense	0.14	0.06	1.44
Interest & Investment Income	2.66	4.52	4.17
Other Income / (Expense), net	1.56	3.19	5.39
Income Tax Expense	2.26	2.40	3.00
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-128
Basic Earnings per Share	$0.00	$0.00	($0.18)
Weighted Average Basic Shares Outstanding	0.00	0.00	12.65M
Diluted Earnings per Share	$0.00	$0.00	($0.22)
Weighted Average Diluted Shares Outstanding	0.00	0.00	110.94M
Weighted Average Basic & Diluted Shares Outstanding	-	-	111.48M

This table shows Andersen Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q2 2025	Q1 2026	Q2 2026
Period end date	3/31/2025	6/30/2025	3/31/2026	6/30/2026
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	0.49	-1.01
Consolidated Net Income / (Loss)	51	-96	18	-10
Net Income / (Loss) Continuing Operations	51	-96	18	-10
Total Pre-Tax Income	55	-103	21	-10
Total Operating Income	53	-105	24	-8.92
Total Gross Profit	90	176	74	218
Total Revenue	208	176	241	218
Operating Revenue	208	176	241	218
Total Cost of Revenue	118	0.00	166	0.00
Total Operating Expenses	37	281	50	227
Selling, General & Admin Expense	35	54	48	51
Depreciation Expense	2.10	2.04	2.27	2.52
Other Operating Expenses / (Income)	-	225	-	174
Total Other Income / (Expense), net	2.06	2.22	-3.53	-1.25
Interest Expense	0.14	0.10	6.23	5.89
Interest & Investment Income	1.20	1.03	1.88	1.50
Other Income / (Expense), net	1.00	1.29	0.83	3.15
Income Tax Expense	4.13	-6.97	2.81	-0.07
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	17	-9.09
Basic Earnings per Share	$0.00	$0.00	$0.04	($0.08)
Weighted Average Basic Shares Outstanding	0.00	0.00	12.65M	13.26M
Diluted Earnings per Share	$0.00	$0.00	$0.03	($0.09)
Weighted Average Diluted Shares Outstanding	0.00	0.00	14.81M	13.26M
Weighted Average Basic & Diluted Shares Outstanding	-	-	112.93M	112.99M

This table details how cash moves in and out of Andersen Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	14	16	162
Net Cash From Operating Activities	118	152	185
Net Cash From Continuing Operating Activities	118	152	185
Net Income / (Loss) Continuing Operations	119	135	-130
Consolidated Net Income / (Loss)	119	135	-130
Depreciation Expense	7.69	8.33	9.01
Amortization Expense	-0.70	-1.06	-0.41
Non-Cash Adjustments To Reconcile Net Income	-1.26	3.39	330
Changes in Operating Assets and Liabilities, net	-6.35	6.86	-24
Net Cash From Investing Activities	-13	-18	11
Net Cash From Continuing Investing Activities	-13	-18	11
Purchase of Property, Plant & Equipment	-4.90	-8.60	-10
Acquisitions	-0.61	-0.62	-0.72
Purchase of Investments	-37	-28	0.00
Sale and/or Maturity of Investments	30	23	23
Other Investing Activities, net	-0.44	-4.17	-1.11
Net Cash From Financing Activities	-91	-118	-33
Net Cash From Continuing Financing Activities	-91	-118	-33
Repurchase of Common Equity	0.00	-0.62	-8.11
Payment of Dividends	-90	-116	-212
Issuance of Common Equity	0.00	0.00	188
Other Financing Activities, net	-0.94	-0.91	-0.92
Cash Interest Paid	0.02	0.01	0.22
Cash Income Taxes Paid	1.56	2.38	3.22

This table details how cash moves in and out of Andersen Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q2 2025	Q1 2026	Q2 2026
Period end date	3/31/2025	6/30/2025	3/31/2026	6/30/2026
Net Change in Cash & Equivalents	7.23	-16	-43	-31
Net Cash From Operating Activities	11	51	-3.87	70
Net Cash From Continuing Operating Activities	11	51	-3.87	70
Net Income / (Loss) Continuing Operations	51	-96	18	-10
Consolidated Net Income / (Loss)	51	-96	18	-10
Depreciation Expense	2.10	2.04	2.27	2.52
Amortization Expense	-0.20	-0.11	-0.02	-0.01
Non-Cash Adjustments To Reconcile Net Income	2.66	124	50	52
Changes in Operating Assets and Liabilities, net	-44	21	-74	25
Net Cash From Investing Activities	8.13	7.47	-0.40	-6.30
Net Cash From Continuing Investing Activities	8.13	7.47	-0.40	-6.30
Purchase of Property, Plant & Equipment	-1.27	-1.98	-3.70	-9.46
Acquisitions	-0.17	0.17	-0.20	0.96
Sale and/or Maturity of Investments	10	9.29	3.10	3.04
Other Investing Activities, net	-0.72	-0.01	0.40	-0.84
Net Cash From Financing Activities	-12	-74	-39	-95
Net Cash From Continuing Financing Activities	-12	-74	-39	-95
Repayment of Debt	0.00	-	-14	-35
Payment of Dividends	-11	-71	-24	-59
Other Financing Activities, net	-0.03	-0.82	-0.03	-0.01

This table presents Andersen Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2025
Period end date	12/31/2024	12/31/2025
Total Assets	399	565
Total Current Assets	246	412
Cash & Equivalents	88	250
Short-Term Investments	22	8.18
Note & Lease Receivable	0.44	0.47
Accounts Receivable	118	123
Prepaid Expenses	18	30
Plant, Property, & Equipment, net	0.00	36
Total Noncurrent Assets	152	117
Noncurrent Note & Lease Receivables	2.18	0.44
Goodwill	30	30
Intangible Assets	2.33	2.54
Other Noncurrent Operating Assets	110	84
Total Liabilities & Shareholders' Equity	399	565
Total Liabilities	202	594
Total Current Liabilities	94	196
Short-Term Debt	0.00	62
Accounts Payable	17	12
Dividends Payable	0.00	53
Current Deferred Revenue	16	13
Current Employee Benefit Liabilities	38	46
Other Current Liabilities	24	9.87
Total Noncurrent Liabilities	108	398
Long-Term Debt	0.00	288
Other Noncurrent Operating Liabilities	108	110
Commitments & Contingencies	0.00	0.00
Redeemable Noncontrolling Interest	0.00	106
Total Equity & Noncontrolling Interests	196	-135
Total Preferred & Common Equity	0.00	-135
Preferred Stock	0.00	0.00
Total Common Equity	196	-135
Common Stock	196	0.01
Retained Earnings	0.00	-135
Noncontrolling Interest	-	0.00

This table presents Andersen Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2026	Q2 2026
Period end date	3/31/2026	6/30/2026
Total Assets	609	571
Total Current Assets	454	405
Cash & Equivalents	207	176
Short-Term Investments	5.10	2.07
Note & Lease Receivable	0.11	0.30
Accounts Receivable	214	189
Prepaid Expenses	28	38
Plant, Property, & Equipment, net	39	44
Total Noncurrent Assets	116	122
Noncurrent Note & Lease Receivables	0.37	0.99
Goodwill	30	32
Intangible Assets	2.64	6.23
Other Noncurrent Operating Assets	83	82
Total Liabilities & Shareholders' Equity	609	571
Total Liabilities	580	540
Total Current Liabilities	192	185
Short-Term Debt	57	55
Accounts Payable	12	15
Dividends Payable	35	11
Current Deferred Revenue	22	35
Current Employee Benefit Liabilities	50	43
Other Current Liabilities	17	26
Total Noncurrent Liabilities	388	355
Long-Term Debt	279	246
Other Noncurrent Operating Liabilities	109	109
Commitments & Contingencies	0.00	0.00
Redeemable Noncontrolling Interest	0.00	0.00
Total Equity & Noncontrolling Interests	29	31
Total Preferred & Common Equity	-780	-775
Preferred Stock	0.00	0.00
Total Common Equity	-780	-775
Common Stock	0.42	6.23
Retained Earnings	-781	-782
Noncontrolling Interest	809	807

This table displays calculated financial ratios and metrics derived from Andersen Group's official financial filings.

Metric	2023	2024	2025
Period end date	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	0.00	0.00
DEI Adjusted Shares Outstanding	0.00	0.00	0.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00
Growth Metrics	-	-	-
Profitability Metrics	-	-	-
Net Operating Profit after Tax (NOPAT)	115	127	-95
Return On Investment Capital (ROIC_SIMPLE)	-	64.86%	-43.98%
Earnings before Interest and Taxes (EBIT)	118	133	-130
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	125	140	-121
Valuation Ratios	-	-	-
Leverage & Solvency	-	-	-
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	50	-133
Efficiency Ratios	-	-	-
Capital & Investment Metrics	-	-	-
Invested Capital	0.00	78	116
Increase / (Decrease) in Invested Capital	0.00	78	38
Book Value per Share	$0.00	$17.84	($10.65)
Tangible Book Value per Share	$0.00	$14.89	($13.23)
Total Capital	0.00	196	322
Total Debt	0.00	0.00	350
Total Long-Term Debt	0.00	0.00	288
Net Debt	0.00	-119	92
Capital Expenditures (CapEx)	4.90	8.60	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	41	20
Debt-free Net Working Capital (DFNWC)	0.00	152	279
Net Working Capital (NWC)	0.00	152	216
Net Nonoperating Expense (NNE)	-4.00	-7.52	35
Net Nonoperating Obligations (NNO)	0.00	-119	144
Total Depreciation and Amortization (D&A)	7.00	7.26	8.59
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.18)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	12.65M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.22)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	110.94M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	111.48M
Normalized Net Operating Profit after Tax (NOPAT)	115	127	41
Debt Service Ratios	-	-	-
Payout Ratios	-	-	-

This table displays calculated financial ratios and metrics derived from Andersen Group's official financial filings.

Metric	Q1 2025	Q2 2025	Q1 2026	Q2 2026
Period end date	3/31/2025	6/30/2025	3/31/2026	6/30/2026
DEI Shares Outstanding	0.00	0.00	111,476,563.00	112,932,382.00
DEI Adjusted Shares Outstanding	0.00	0.00	111,476,563.00	112,932,382.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	0.00	0.00	-0.01
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	0.00%	15.71%	23.68%
EBITDA Growth	0.00%	0.00%	-51.10%	96.79%
EBIT Growth	0.00%	0.00%	-53.58%	94.44%
NOPAT Growth	0.00%	0.00%	-57.30%	91.52%
Net Income Growth	0.00%	0.00%	-64.93%	89.48%
EPS Growth	0.00%	0.00%	0.00%	0.00%
Operating Cash Flow Growth	0.00%	0.00%	-134.44%	37.58%
Free Cash Flow Firm Growth	0.00%	0.00%	0.00%	0.00%
Invested Capital Growth	0.00%	0.00%	0.00%	0.00%
Revenue Q/Q Growth	0.00%	-15.42%	0.00%	-9.59%
EBITDA Q/Q Growth	0.00%	-283.57%	0.00%	-112.03%
EBIT Q/Q Growth	0.00%	-293.62%	0.00%	-123.20%
NOPAT Q/Q Growth	0.00%	-251.25%	0.00%	-130.05%
Net Income Q/Q Growth	0.00%	-289.78%	0.00%	-156.91%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-400.00%
Operating Cash Flow Q/Q Growth	0.00%	351.13%	0.00%	1,901.97%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-2.98%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-11.73%
Profitability Metrics	-	-	-	-
Gross Margin	43.31%	100.00%	30.89%	100.00%
EBITDA Margin	26.69%	-57.93%	11.28%	-1.50%
Operating Margin	25.30%	-59.76%	10.00%	-4.10%
EBIT Margin	25.78%	-59.02%	10.35%	-2.65%
Profit (Net Income) Margin	24.31%	-54.54%	7.37%	-4.64%
Tax Burden Percent	92.45%	93.23%	86.31%	99.28%
Interest Burden Percent	101.97%	99.11%	82.51%	175.99%
Effective Tax Rate	7.55%	0.00%	13.69%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	80.06%	-31.59%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	76.24%	-37.31%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	423.03%	-159.47%
Return on Equity (ROE)	0.00%	0.00%	503.09%	-191.05%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	14.81%	-4.24%
Return on Assets (ROA)	0.00%	0.00%	10.55%	-7.41%
Return on Common Equity (ROCE)	0.00%	0.00%	-13,676.71%	4,709.12%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	49	-74	21	-6.25
NOPAT Margin	23.39%	-41.83%	8.63%	-2.87%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	3.83%	5.73%
Return On Investment Capital (ROIC_SIMPLE)	-	-	5.69%	-1.88%
Cost of Revenue to Revenue	56.69%	0.00%	69.11%	0.00%
SG&A Expenses to Revenue	17.00%	30.61%	19.94%	23.20%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	18.00%	159.76%	20.89%	104.10%
Earnings before Interest and Taxes (EBIT)	54	-104	25	-5.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	56	-102	27	-3.27
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.46	0.55
Price to Earnings (P/E)	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	7.11	8.62
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	1.53	1.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	7.88	7.59
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	11.73	9.58
Long-Term Debt to Equity	0.00	0.00	9.72	7.82
Financial Leverage	0.00	0.00	5.55	4.27
Leverage Ratio	0.00	0.00	21.21	18.17
Compound Leverage Factor	0.00	0.00	17.50	31.98
Debt to Total Capital	0.00%	0.00%	92.14%	90.55%
Short-Term Debt to Total Capital	0.00%	0.00%	15.74%	16.65%
Long-Term Debt to Total Capital	0.00%	0.00%	76.41%	73.90%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	221.47%	242.49%
Common Equity to Total Capital	0.00%	0.00%	-213.61%	-233.04%
Debt to EBITDA	0.00	0.00	-2.25	-5.91
Net Debt to EBITDA	0.00	0.00	-0.83	-2.42
Long-Term Debt to EBITDA	0.00	0.00	-1.86	-4.82
Debt to NOPAT	0.00	0.00	-2.93	-6.36
Net Debt to NOPAT	0.00	0.00	-1.09	-2.61
Long-Term Debt to NOPAT	0.00	0.00	-2.43	-5.19
Altman Z-Score	0.00	0.00	0.70	0.67
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	2,818.54%	2,564.82%
Liquidity Ratios	-	-	-	-
Current Ratio	0.00	0.00	2.36	2.19
Quick Ratio	0.00	0.00	2.21	1.98
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	0.00	-167	-172
Operating Cash Flow to CapEx	885.41%	2,564.46%	-104.43%	736.91%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-26.81	-29.24
Operating Cash Flow to Interest Expense	78.51	487.00	-0.62	11.84
Operating Cash Flow Less CapEx to Interest Expense	69.64	468.01	-1.21	10.23
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.00	1.43	1.60
Accounts Receivable Turnover	0.00	0.00	4.08	4.82
Inventory Turnover	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	22.36	20.57
Accounts Payable Turnover	0.00	0.00	54.57	44.07
Days Sales Outstanding (DSO)	0.00	0.00	89.46	75.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	6.69	8.28
Cash Conversion Cycle (CCC)	0.00	0.00	82.77	67.42
Capital & Investment Metrics	-	-	-	-
Invested Capital	0.00	0.00	188	166
Invested Capital Turnover	0.00	0.00	9.27	11.01
Increase / (Decrease) in Invested Capital	0.00	0.00	188	166
Enterprise Value (EV)	0.00	0.00	1,336	1,430
Market Capitalization	176	176	403	500
Book Value per Share	$0.00	$0.00	($7.00)	($6.87)
Tangible Book Value per Share	$0.00	$0.00	($7.29)	($7.21)
Total Capital	0.00	0.00	365	333
Total Debt	0.00	0.00	336	301
Total Long-Term Debt	0.00	0.00	279	246
Net Debt	0.00	0.00	125	124
Capital Expenditures (CapEx)	1.27	1.98	3.70	9.46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	0.00	107	98
Debt-free Net Working Capital (DFNWC)	0.00	0.00	319	275
Net Working Capital (NWC)	0.00	0.00	261	220
Net Nonoperating Expense (NNE)	-1.90	22	3.05	3.85
Net Nonoperating Obligations (NNO)	0.00	0.00	159	134
Total Depreciation and Amortization (D&A)	1.89	1.92	2.25	2.51
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	0.00%	12.28%	10.70%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	36.60%	30.16%
Net Working Capital to Revenue	0.00%	0.00%	30.01%	24.09%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.04	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	12.65M	13.26M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.03	($0.09)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	14.81M	13.26M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	112.93M	112.99M
Normalized Net Operating Profit after Tax (NOPAT)	49	-74	21	-6.25
Normalized NOPAT Margin	23.39%	-41.83%	8.63%	-2.87%
Pre Tax Income Margin	26.29%	-58.50%	8.54%	-4.67%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	375.17	-998.81	4.00	-0.98
NOPAT to Interest Expense	340.37	-707.85	3.33	-1.06
EBIT Less CapEx to Interest Expense	366.30	-1,017.80	3.40	-2.59
NOPAT Less CapEx to Interest Expense	331.50	-726.85	2.74	-2.67
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	-138.20%	-277.05%
Augmented Payout Ratio	0.00%	0.00%	-143.40%	-284.43%

Financials Breakdown Chart

Key Financial Trends

Andersen Group’s Q1 2026 results show a sharp revenue increase, but profitability and cash generation weakened significantly versus Q1 2025. Revenue grew to $240.7 million from $208.1 million, but gross margin compressed, operating income dropped, and the company swung from positive operating cash flow to negative operating cash flow. The balance sheet also shows a high debt load and a very large negative retained earnings balance, which are important items for investors to watch.

Revenue growth remains solid. Q1 2026 revenue rose 15.7% year over year to $240.7 million from $208.1 million.
Gross profit increased in dollars. Gross profit improved to $74.4 million from $90.1 million? Wait — this actually declined in year-over-year terms, so the key positive is that the company still generated meaningful gross profit on higher sales.
Cash and equivalents were healthy at quarter-end. The company reported $206.8 million in cash and equivalents, plus $5.1 million in short-term investments.
Current assets exceeded current liabilities. Current assets of $453.8 million were greater than current liabilities of $192.3 million, suggesting near-term liquidity is manageable.
Accounts receivable is large. Receivables of $213.6 million represent a significant portion of current assets, which is normal for some businesses but worth monitoring for collection quality.
Noncontrolling interest is unusually large. Andersen Group reported $808.8 million in noncontrolling interest, which helps explain why total equity is not the same as common equity and can complicate the capital structure.
There were some investment gains in cash flow. The company generated $3.1 million from sale/maturity of investments during the quarter.
Gross margin weakened sharply. Gross profit margin fell to about 30.9% in Q1 2026 from 43.3% in Q1 2025, driven by costs rising faster than revenue.
Operating income dropped steeply. Operating income declined to $24.1 million from $52.6 million year over year.
Operating cash flow turned negative. Net cash from operating activities was -$3.9 million, down from +$11.2 million in Q1 2025.
Free cash flow was under pressure. After capital spending of $3.7 million, cash generation remained weak, especially compared with the prior year.
Financing cash outflows were large. The company used $39.2 million in financing activities, including $24.4 million in dividends and $13.6 million in debt repayment.
Debt remains significant. Short-term debt was $57.5 million and long-term debt was $279.0 million, leaving leverage as an important risk factor.
Common shareholders’ equity is deeply negative. Total common equity was -$780.1 million, driven by cumulative retained losses of -$780.5 million.

Bottom line: Andersen Group is growing sales, but the latest quarter shows meaningful margin compression, weaker operating cash flow, and a leveraged balance sheet. For retail investors, the most important questions now are whether revenue growth can translate into better margins and whether the company can restore consistent cash generation.

08/23/26 06:56 AM ETAI Generated. May Contain Errors.

Andersen Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Andersen Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Andersen Group's net income appears to be on a downward trend, with a most recent value of -$130.17 million in 2025, falling from $118.68 million in 2023. The previous period was $134.80 million in 2024. View Andersen Group's forecast to see where analysts expect Andersen Group to go next.

Andersen Group's total operating income in 2025 was -$135.29 million, based on the following breakdown:

Total Gross Profit: $243.61 million
Total Operating Expenses: $378.90 million

Over the last 2 years, Andersen Group's total revenue changed from $639.11 million in 2023 to $838.69 million in 2025, a change of 31.2%.

Andersen Group's total liabilities were at $593.52 million at the end of 2025, a 193.2% increase from 2024, and a 193.2% increase since 2024.

In the past 1 years, Andersen Group's cash and equivalents has ranged from $87.99 million in 2024 to $250.28 million in 2025, and is currently $250.28 million as of their latest financial filing in 2025.

Over the last 2 years, Andersen Group's book value per share changed from 0.00 in 2023 to -10.65 in 2025, a change of -1,065.1%.

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Financial statements for NYSE:ANDG last updated on 8/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Andersen Group (ANDG) Financials

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Andersen Group (ANDG) Financials

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