# Andersen Group (ANDG.US)

Canonical: https://gigainvestors.com/s/ANDG

Analysis as of: 2026-10-16T07:26:30.907Z. 

Listing currency: USD. Reporting currency: USD.

## Verdict

Not enough history yet

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $58.95 per share; close as of 2026-10-15.

## Checklist

### understandable: na

### moat: na

### economics: na

### management: na

### accounting: na

## Holders

- [Henry Ellenbogen](https://gigainvestors.com/DCP): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Up 127% since Dec 2025 · "Andersen expects $980M-$1B 2026 revenue while raising inorganic revenue outlook to $55M" (seekingalpha.com, May 2026)

Story as of 2026-10-16T09:58:18.532Z; price observation 2026-10-15.

- 2026-05-13: Andersen expects $980M-$1B 2026 revenue while raising inorganic revenue outlook to $55M ([seekingalpha.com](https://seekingalpha.com/news/4591799-andersen-expects-980m-1b-2026-revenue-while-raising-inorganic-revenue-outlook-to-55m?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in personal services; annual sales are USD 838.7 million.

- Source: https://www.sec.gov/Archives/edgar/data/2065708/000119312526128949/d63874d10k.htm (filed 2026-03-27); FY2025: revenue 838692000; grossProfit 234602000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); ANDG.US: Andersen Group Inc. provides independent tax, valuation, and financial advisory services to individuals and family offices, businesses, and institutional clients in the United States. The company offers private client services that provides tax and financial services for individuals and families, addressing client matters involving multigenerational wealth, charitable giving and trust and estate planning; business tax services, such as integrated tax-related consulting and compliance services for businesses, helping organizations with managing tax planning, compliance, and reporting needs; alternative investment funds, including tax and financial services for family offices, funds of funds, hedge funds, private equity funds, venture capital funds, and real estate investment trusts; and valuation services for clients to help navigate tax laws and regulations and comply with important regulatory requirements. Andersen Group Inc. was founded in 2002 and is headquartered in San Francisco, California. Andersen Group Inc. operates as a subsidiary of Andersen Aggregator LLC.

### Why customers stay

Margins ranged from 28% to 36.2% during 2023–25.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); FY2023: grossProfit / revenue = 36.2%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); FY2024: grossProfit / revenue = 35.7%.

- Source: https://www.sec.gov/Archives/edgar/data/2065708/000119312526128949/d63874d10k.htm (filed 2026-03-27); FY2025: grossProfit / revenue = 28%.

### Where the cash goes

Paid dividends in 3 of 3 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); FY2023: growth capex 0; upkeep 4899000; owner earnings 121475000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); FY2024: growth capex 271001; upkeep 8324999; owner earnings 134801000. Growth capex / owner earnings = 0.0020103782612888627.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); Dividend observations: [[2023,90300000],[2024,116050000],[2025,212153000]]. Zero only counted when supported by a complete cash-flow statement.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); ANDG.US SharesStats.PercentInsiders = 0.231 percentage points; cache date 2026-10-15.

### What the price says

The price is 0.8 times annual sales; cash earnings are negative.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-03-27); Closing price 58.95 USD; reporting-to-trading FX 1; FY2025 annual sales per share 76.24472727272727; price multiple 0.7731682190840022. FY2025 cash earnings/share -0.21127272727272728. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2025-12: $25.93 per share

- 2026-01: $22.45 per share

- 2026-02: $23.15 per share

- 2026-03: $27.20 per share

- 2026-04: $35.38 per share

- 2026-05: $37.00 per share

- 2026-06: $37.72 per share

- 2026-07: $47.33 per share

- 2026-08: $55.74 per share

- 2026-09: $54.40 per share

- 2026-10: $58.95 per share

## Annual estimated value (USD per share)

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/2065708/000119312526128949/d63874d10k.htm); period 2025-12-31, filed 2026-03-27.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.