Andersen Group (ANDG) investor relations material

Company overview and business model

• Provides independent tax, valuation, and financial advisory services to individuals, family offices, businesses, and institutional clients in the U.S. and globally.

• Operates a multidimensional advisory platform, offering private client, business tax, alternative investment fund, and valuation services.

• Maintains a non-audit model, enabling a comprehensive suite of non-audit services without auditor independence restrictions.

• Leverages a strong firm culture rooted in client service, collaboration, and stewardship, with a focus on talent retention and development.

• Founding member of Andersen Global, providing access to over 50,000 professionals in 180+ countries.

Financial performance and metrics

• Revenue grew from $731.6M in 2024 to $838.7M in 2025; $458.4M for the six months ended June 30, 2026, up from $384.1M for the same period in 2025.

• Net loss of $130.2M for 2025, compared to net income of $134.8M in 2024; net income of $7.6M for the six months ended June 30, 2026.

• Adjusted EBITDA margin was 27% for 2025, up from 20% in 2024; 27% for the six months ended June 30, 2026.

• As of June 30, 2026, cash and cash equivalents were $175.6M; total assets $571.5M; total liabilities $540.0M.

Use of proceeds and capital allocation

• Will not receive any proceeds from the sale of Class A common stock; all proceeds go to selling stockholders.

• Selling stockholders will reimburse the company for all offering-related expenses.