Andersen Group Financials
This page shows Andersen Group (ANDG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
ANDG stayed cash generative even as core margins collapsed, with the balance sheet absorbing shareholder payouts.
FY2025 broke the usual profit-to-cash link: operating income swung from$129.5M to-$135.3M , yet free cash flow stayed strongly positive. Because$212.2M of dividends exceeded$174.3M of free cash flow, cash still increased while the year ended in negative equity, implying payouts relied on the balance sheet more than on core earnings.
The margin shape deteriorated even while sales expanded: gross margin fell from
This is still a low-capex cash engine: capital spending was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Andersen Group's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Andersen Group has an operating margin of -16.1%, meaning the company retains $-16 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. This is down from 17.7% the prior year.
Andersen Group's revenue grew 14.6% year-over-year to $838.7M, a solid pace of expansion. This earns a growth score of 74/100.
Andersen Group's current ratio of 2.10 indicates adequate short-term liquidity, earning a score of 60/100. The company can meet its near-term obligations, though with limited headroom.
Andersen Group converts 20.8% of revenue into free cash flow ($174.3M). This strong cash generation earns a score of 86/100.
Andersen Group scores 6.18, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.3B) relative to total liabilities ($593.5M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Andersen Group passes 2 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Andersen Group generates $-79.44 in operating cash flow ($184.6M OCF vs -$2.3M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Andersen Group earns $-123.0 in operating income for every $1 of interest expense (-$135.3M vs $1.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Andersen Group generated $838.7M in revenue in fiscal year 2025. This represents an increase of 14.6% from the prior year.
Andersen Group's EBITDA was -$126.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 191.6% from the prior year.
Andersen Group reported -$2.3M in net income in fiscal year 2025. This represents a decrease of 101.7% from the prior year.
Cash & Balance Sheet
Andersen Group generated $174.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 21.3% from the prior year.
Andersen Group held $250.3M in cash against $350.1M in long-term debt as of fiscal year 2025.
Margins & Returns
Andersen Group's gross margin was 29.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 7.8 percentage points from the prior year.
Andersen Group's operating margin was -16.1% in fiscal year 2025, reflecting core business profitability. This is down 33.8 percentage points from the prior year.
Andersen Group's net profit margin was -0.3% in fiscal year 2025, showing the share of revenue converted to profit. This is down 18.7 percentage points from the prior year.
Capital Allocation
Andersen Group invested $10.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 20.3% from the prior year.
ANDG Income Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Revenue | $240.7M | N/A | $208.1M | N/A |
| Cost of Revenue | $166.4M | N/A | $118.0M | N/A |
| Gross Profit | $74.4M | N/A | $90.1M | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | $48.0M | N/A | $35.4M | N/A |
| Operating Income | $24.1M | N/A | $52.6M | N/A |
| Interest Expense | $6.2M | N/A | $143K | N/A |
| Income Tax | $2.8M | N/A | $4.1M | N/A |
| Net Income | $494K | N/A | $50.6M | N/A |
| EPS (Diluted) | $0.03 | N/A | N/A | N/A |
ANDG Balance Sheet
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Total Assets | $608.6M+7.7% | $565.1M | N/A | $398.7M |
| Current Assets | $453.8M+10.1% | $412.0M | N/A | $246.4M |
| Cash & Equivalents | $206.8M-17.4% | $250.3M+162.8% | $95.2M+8.2% | $88.0M |
| Inventory | N/A | N/A | N/A | N/A |
| Accounts Receivable | $213.6M+73.0% | $123.4M | N/A | $117.8M |
| Goodwill | $30.1M0.0% | $30.1M | N/A | $30.1M |
| Total Liabilities | $1.4B+134.0% | $593.5M | N/A | $202.4M |
| Current Liabilities | $192.3M-1.8% | $195.8M | N/A | $94.4M |
| Long-Term Debt | $336.5M-3.9% | $350.1M | N/A | N/A |
| Total Equity | -$780.1M-479.0% | -$134.7M | N/A | $196.2M |
| Retained Earnings | -$780.5M-479.3% | -$134.7M | N/A | N/A |
ANDG Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Operating Cash Flow | -$3.9M | N/A | $11.2M | N/A |
| Capital Expenditures | $3.7M | N/A | $1.3M | N/A |
| Free Cash Flow | -$7.6M | N/A | $10.0M | N/A |
| Investing Cash Flow | -$395K | N/A | $8.1M | N/A |
| Financing Cash Flow | -$39.2M | N/A | -$12.1M | N/A |
| Dividends Paid | $11.3M | N/A | $11.3M | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
ANDG Financial Ratios
| Metric | Q1'26 | Q4'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|
| Gross Margin | 30.9% | N/A | 43.3% | N/A |
| Operating Margin | 10.0% | N/A | 25.3% | N/A |
| Net Margin | 0.2% | N/A | 24.3% | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | 0.1% | N/A | N/A | N/A |
| Current Ratio | 2.36+0.3 | 2.10 | N/A | 2.61 |
| Debt-to-Equity | N/A | N/A | N/A | 1.03 |
| FCF Margin | -3.1% | N/A | 4.8% | N/A |
Note: Shareholder equity is negative (-$134.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Frequently Asked Questions
What is Andersen Group's annual revenue?
Andersen Group (ANDG) reported $838.7M in total revenue for fiscal year 2025. This represents a 14.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Andersen Group's revenue growing?
Andersen Group (ANDG) revenue grew by 14.6% year-over-year, from $731.6M to $838.7M in fiscal year 2025.
Is Andersen Group profitable?
No, Andersen Group (ANDG) reported a net income of -$2.3M in fiscal year 2025, with a net profit margin of -0.3%.
What is Andersen Group's EBITDA?
Andersen Group (ANDG) had EBITDA of -$126.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Andersen Group have?
As of fiscal year 2025, Andersen Group (ANDG) had $250.3M in cash and equivalents against $350.1M in long-term debt.
What is Andersen Group's gross margin?
Andersen Group (ANDG) had a gross margin of 29.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Andersen Group's operating margin?
Andersen Group (ANDG) had an operating margin of -16.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Andersen Group's net profit margin?
Andersen Group (ANDG) had a net profit margin of -0.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Andersen Group's free cash flow?
Andersen Group (ANDG) generated $174.3M in free cash flow during fiscal year 2025. This represents a 21.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Andersen Group's operating cash flow?
Andersen Group (ANDG) generated $184.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Andersen Group's total assets?
Andersen Group (ANDG) had $565.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Andersen Group's capital expenditures?
Andersen Group (ANDG) invested $10.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Andersen Group's current ratio?
Andersen Group (ANDG) had a current ratio of 2.10 as of fiscal year 2025, which is generally considered healthy.
What is Andersen Group's return on assets (ROA)?
Andersen Group (ANDG) had a return on assets of -0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Andersen Group's debt-to-equity ratio negative or not reported?
Andersen Group (ANDG) has negative shareholder equity of -$134.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Andersen Group's Altman Z-Score?
Andersen Group (ANDG) has an Altman Z-Score of 6.18, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Andersen Group's Piotroski F-Score?
Andersen Group (ANDG) has a Piotroski F-Score of 2 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Andersen Group's earnings high quality?
Andersen Group (ANDG) has an earnings quality ratio of -79.44x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Andersen Group cover its interest payments?
Andersen Group (ANDG) has an interest coverage ratio of -123.0x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Andersen Group?
Andersen Group (ANDG) scores 53 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.