Andersen Group Posts Record Q2 Revenue of $217.7M and Reaffirms Full-Year Outlook
ANDG has more than doubled off its 52-week low of $18.12.
Summary
Record Q2 revenue of $217.7M, up 23.7% YoY, came with reaffirmed full-year guidance. Adjusted net income rose 38.8% to $39.0M, driven by strong client demand and operating leverage.
Key Events · Earnings and Guidance · ANDG
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Record Q2 Revenue
Revenue reached $217.7 million, up 23.7% from $176.0 million in Q2 2025. Six-month revenue grew 19.4% to $458.4 million.
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Adjusted Net Income Surge
Adjusted net income rose 38.8% to $39.0 million in Q2, up from $28.1 million a year ago. Six-month adjusted net income increased 27.5% to $106.3 million.
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Full-Year Guidance Reaffirmed
Company expects revenue of $980 million to $1 billion (approximately 18% growth) and adjusted EBITDA of $225 million to $250 million with margins of 23% to 25%.
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Non-Cash Equity Compensation Impact
Q2 net loss of $10.1 million was driven by $48.3 million in non-cash equity compensation, down from $129.6 million in Q2 2025. Management views adjusted figures as the clearer signal of underlying momentum.
Analysis · ANDG · Trade & Services
Second-quarter revenue hit a record $217.7 million, up 23.7% year over year, while adjusted net income climbed 38.8% to $39.0 million. Full-year 2026 guidance was reaffirmed at $980 million to $1 billion in revenue and $225 million to $250 million in adjusted EBITDA. The reported net loss of $10.1 million stems from non-cash equity compensation, but underlying momentum remains strong, supported by broad-based growth across all service lines and a robust acquisition pipeline.
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At the time of this filing, ANDG was trading at $50.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $18.12 to $50.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.