ANDG · NYSE · Personal Products & Services

Andersen

Provides independent tax, valuation and financial-advisory services to private and institutional clients.

$56.69
After-hours close+0.83 (+1.48%)
At close$55.87(−1.23%)
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Profile

AndersenANDGConsumer Discretionary

Provides private-client, business-tax, alternative-investment-fund and valuation services to individuals, family offices, businesses and institutions. The non-audit advisory model operates as one segment and uses the Andersen Global association for worldwide reach.

Delivers private-client, business-tax, alternative-investment-fund, and valuation services—the firm's principal end-to-end offerings—to individuals, family offices, businesses, and institutional clients across the United States. Its independent, non-audit model provides tax, valuation, and financial-advisory work through a single operating segment.

U.S. service delivery is paired with access to Andersen Global, a separate Swiss association of member and collaborating firms. The listed issuer is selectively incorporating firms from that network into the public company, so the association is not the same legal entity.

Client delivery depends on attracting and retaining qualified professionals, including Managing Directors. The company has not offered audit or financial-statement attestation services since its founding.

Company facts

CEOMark L. Vorsatz
ListedDec 17, 2025
ExchangeNYSE
HeadquartersSan Francisco, CA
CountryUnited States
Employees2,296
CIK0002065708
ISINUS0338531025

Key statistics

Market cap$6.27B
EPS (ttm)$10.74
P/E (ttm)5.19
ROE-19.2%
P/B−0.9531
P/S6.86
Dividend yield
Beta0.75vs XLY 0.11

Year to date +129% · Average volume (30d) 516.6K

Analysts

Price target, next 12 months$55.00−1.3%Median of 5 analysts · vs the Aug 28 close
ConsensusBuy3 of 5 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionRatingPrior targetTarget
Aug 14, 2026Deutsche BankReiterateBuy$41$56
Aug 13, 2026Truist FinancialTarget$42$55
Aug 13, 2026Morgan StanleyReiterateEqual Weight$27$54
Aug 13, 2026Robert W. BairdTarget$44$57
May 14, 2026UBSReiterateBuy$28$42

Earnings

EPS

Estimate$0.09
Reported$0.34+297.5%

Revenue

Estimate$199.3M
Reported$217.7M+9.2%

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Aug 12, 2026Q2 FY26$0.09$0.34+297.5%$199.3M$217.7M+9.2%−3.40%
Jun 16, 2026Q1 FY26$0.45$0.56+23.8%$232.8M$240.7M+3.4%+2.32%
May 12, 2026Q1 FY26$0.45$0.55+21.3%$232.8M$240.7M+3.4%−2.42%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$208.1M$176.0M$284.3M$170.3M$240.7M$217.7M
Gross profit$88.0M−$51.3M$44.8M$158.0M$72.1M$41.6M
Operating income$52.6M−$105.2M−$9.5M$119.9M$28.1M−$8.0M
Net income$50.6M−$96.0M$35.8M$7.3M$494.0K−$1.0M
Diluted EPS$4.60−$8.73$10.10$0.67$0.04−$0.08
Gross margin42.3%-29.1%15.7%92.7%29.9%19.1%
Operating margin25.3%-59.8%-3.3%70.4%11.7%-3.7%

Fiscal years (4-quarter sums)FY24 $731.6M · FY25 $838.7M

Revenue by geography · Q2 FY26

Non-US$5.5M · 100%

Balance sheet, Jun 30, 2026Cash & short-term investments $177.7M · Total debt $414.4M · Total assets $571.5M · Shareholders' equity −$775.3M

Dividends

No dividends on record.

Ownership

Institutions 14.02%15.77M sharesInsiders 0.01%15.0K sharesOther 85.97%96.70M shares

Shares outstanding 112.49M · Float 111.36M · 99.0% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Brown Advisory Inc2.52M19.89%13GMay 15, 2026
JPMorgan Chase & Co1.86M1.65%13FMay 13, 2026
Driehaus Capital Management LLC1.41M10.49%13GAug 5, 2026
Royce & Associates LP1.41M1.25%13FMay 12, 2026
Durable Capital Partners LP · 10 percent owner1.33M1.19%Form 4Jul 9, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 7, 2026Durable Capital Partners LP10 percent owner−336,736$40.01
May 20, 2026Robert V. JR Gundersondirector+2,367$35.82
Dec 17, 2025Durable Capital Partners LP10 percent owner+357,985$20.82
View details

Peers

  • CBIZ

    Middle-market tax, advisory, and consulting services

  • H&R Block

    Assisted and digital tax preparation plus small-business services

  • FTI Consulting

    Transactions, tax diligence, and valuation financial advisory

  • Houlihan Lokey

    M&A, restructuring, and financial and valuation advisory

  • Intuit

    Digital and assisted tax preparation for consumers and accountants

CompareAfter-hours close

CompanyPriceChange
Andersen$56.69+1.48%$6.27B5.228.86.9
CBIZ$54.53+0.04%$2.92B25.012.51.1−0.2%
H&R Block$52.20−0.53%$6.65B9.18.41.7+3.1%
FTI Consulting$153.74−0.06%$4.25B19.014.81.1+5.3%
Houlihan Lokey$133.020.00%$9.30B22.417.53.7−15.6%
Intuit$358.02+0.02%$97.94B21.713.44.6+13.7%
Median21.713.41.7+3.1%