Andersen Group Inc. (NYSE: ANDG) reported financial results for the third quarter and the first nine months ended September 30, 2026, in a filing released on November 12, 2026. The company reported third-quarter revenue of $337.3 million, an increase of 18.7% compared to the prior year period.
For the nine months ended September 30, 2026, revenue reached $795.7 million, representing a 19.1% increase over the same period in 2025. The company noted that revenue growth was driven by strong execution and continued demand across core markets, client growth, and inorganic growth from acquisitions.
Consolidated GAAP net income for the third quarter was $68.0 million, compared to $111.1 million in the prior-year period. Adjusted EBITDA for the third quarter increased 18.8% to $154.5 million, with an Adjusted EBITDA margin of 45.8%. For the first nine months, Adjusted EBITDA totaled $277.3 million, with a margin of 34.8%.
Andersen completed eight acquisitions and business combinations through September 30, 2026. These transactions added approximately $37.2 million in annual acquired revenue for a purchase multiple of 0.67 times annual acquired revenue. The company also reported serving approximately 14,700 client groups across 25,400 engagements during the first nine months.
At the end of the third quarter, Andersen maintained a cash position of $193.6 million and generated $142.8 million in operating cash flow during the first nine months. The company introduced full-year 2027 revenue guidance of $1.275 billion to $1.325 billion, representing approximately 30% growth at the midpoint over its updated 2026 revenue guidance. The company also provided Adjusted EBITDA guidance of $320 million to $340 million for 2027.
