Andersen
Provides independent tax, valuation and financial-advisory services to private and institutional clients.
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Profile
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
Key statistics
Year to date +129% · Average volume (30d) 516.6K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 14, 2026 | Deutsche Bank | Reiterate | Buy | $41 | $56 |
| Aug 13, 2026 | Truist Financial | Target | $42 | $55 | |
| Aug 13, 2026 | Morgan Stanley | Reiterate | Equal Weight | $27 | $54 |
| Aug 13, 2026 | Robert W. Baird | Target | $44 | $57 | |
| May 14, 2026 | UBS | Reiterate | Buy | $28 | $42 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 42.3% | -29.1% | 15.7% | 92.7% | 29.9% | 19.1% | |
| Operating margin | 25.3% | -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
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
Shares outstanding 112.49M · Float 111.36M · 99.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Brown Advisory Inc | 2.52M | 19.89% | 13G | May 15, 2026 |
| JPMorgan Chase & Co | 1.86M | 1.65% | 13F | May 13, 2026 |
| Driehaus Capital Management LLC | 1.41M | 10.49% | 13G | Aug 5, 2026 |
| Royce & Associates LP | 1.41M | 1.25% | 13F | May 12, 2026 |
| Durable Capital Partners LP · 10 percent owner | 1.33M | 1.19% | Form 4 | Jul 9, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 7, 2026 | Durable Capital Partners LP | 10 percent owner | −336,736 | $40.01 |
| May 20, 2026 | Robert V. JR Gunderson | director | +2,367 | $35.82 |
| Dec 17, 2025 | Durable Capital Partners LP | 10 percent owner | +357,985 | $20.82 |
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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Andersen | $56.69 | +1.48% | $6.27B | 5.2 | 28.8 | 6.9 | — |
| CBIZ | $54.53 | +0.04% | $2.92B | 25.0 | 12.5 | 1.1 | −0.2% |
| H&R Block | $52.20 | −0.53% | $6.65B | 9.1 | 8.4 | 1.7 | +3.1% |
| FTI Consulting | $153.74 | −0.06% | $4.25B | 19.0 | 14.8 | 1.1 | +5.3% |
| Houlihan Lokey | $133.02 | 0.00% | $9.30B | 22.4 | 17.5 | 3.7 | −15.6% |
| Intuit | $358.02 | +0.02% | $97.94B | 21.7 | 13.4 | 4.6 | +13.7% |
| Median | 21.7 | 13.4 | 1.7 | +3.1% |







