Forensic Analysis · Professional & Commercial Services · as of Nov 8, 2026

Andersen Group Inc. (ANDG)

A forensic read on Andersen Group Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

D · Weak — demands caution

Forensic grade

Distress

Financial health

-0.1

Distress distance

Forensic signals

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Andersen Group Inc. earns a D (Weak — demands caution) forensic quality grade, and its balance-sheet distress test reads -0.1, placing it in the Distress zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

-89.8%

FY2025

Return on invested capital. Return on invested capital is -89.8% in the latest fiscal year.

122% of FCF

FY2025

Shareholder returns. Returned $212M to shareholders (buybacks + dividends) in FY2025 — 122% of free cash flow. That is $38M (22%) more than free cash flow covered, and more than operating cash flow as well. 0 cash or debt balance changes listed; read coverage is not recorded; not read: the cash and debt balances for the two year ends. The FY2025 cash-flow statement filed $10,000 from shares issued; $23M of investments sold or matured; net cash provided by investing activities of $11M; net cash used in financing activities of $33M. A payout past free cash flow draws the balance sheet down in every year it continues, which isn't sustainable indefinitely. Counting the $147M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 206%.

18% of rev

FY2025

Stock-based comp load. Stock-based compensation ran 18% of revenue and 85% of free cash flow in FY2025. It is a real cost, but it is not a cash cost — no cash left the business, which is why operating cash flow adds it back. Where a compensation charge lands instead is the share count, and this filer's count is not on file in enough years to say how the count moved.

Key fundamentals

Latest Revenue$838.7M

Net Margin-0.3%

Free Cash Flow$174.3M

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Andersen Group Inc.'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Nov 8, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.