Andersen Group Q2 2026: Revenue +24% to $217.7M, net income -$1.0M for H1; material weaknesses persist

Filed August 12, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Revenue grew 23.7% to $217.7M in Q2 2026, driven by client additions (13,500 client groups, up from 11,300), service expansion, and six international acquisitions closed in Q2 (Ireland, New Zealand, Nigeria, Uruguay). For the six months ended June 30, 2026, net income was $7.6M vs. a $45.4M loss in H1 2025.

  MD&A: Revenue and Growth Drivers verify on EDGAR →
• high

  Disclosure controls remain ineffective as of June 30, 2026, due to material weaknesses previously reported in the 2025 10-K that continue unresolved. No changes to internal controls were made during the quarter.

  Controls and Procedures verify on EDGAR →
• high

  Company carries $722.4M in unamortized equity-based compensation ($618.7M Class X Aggregator Units, $73.5M RSUs, $30.2M LTIP Units) to be recognized over ~4-5 years. Q2 2026 equity comp expense was $48.3M, a significant non-cash charge that will continue through ~2030.

  Notes: Equity-Based Compensation verify on EDGAR →