Andersen Group Q2 revenue beats estimates on client additions, higher volumes

Andersen

12/08/2026 21:25

Overview
U.S. tax and financial advisory firm's Q2 revenue grew 24% yr/yr, beating analyst expectations
Adjusted net income for Q2 rose 39% yr/yr as equity-based compensation expense declined
Company closed acquisitions in Ireland, New Zealand, Nigeria and Uruguay during Q2

Outlook
Andersen Group reaffirms 2026 revenue guidance of $980 mln to $1 bln
Company expects 2026 adjusted EBITDA of $225 mln to $250 mln with margins of 23%-25%
Andersen Group anticipates return to full-year net income and positive EPS in 2026

Result Drivers
BROAD-BASED GROWTH - Co said all service lines contributed to Q2 revenue growth, with strong client additions and higher volumes
DECLINE IN EQUITY COMPENSATION EXPENSE - Lower non-cash equity-based compensation expense supported adjusted net income growth
OPERATING LEVERAGE - Co said operating leverage from its scalable model helped adjusted net income rise faster than revenue

Company press release: ID:nBw1ckSFDa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$217.70 mln
$199.31 mln (6 Analysts)
Q2 Adjusted Net Income
 
$39 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Andersen Group Inc is $41.50, about 14.4% below its August 11 closing price of $48.47

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)