v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT/ MEMBERS’ EQUITY - USD ($)
$ in Thousands
Total
Common Class A
Common Class B
Adoption of ASC 326
Members' Equity
Undistributed Earnings and Accumulated Deficit
Undistributed Earnings and Accumulated Deficit
Adoption of ASC 326
Common Stock
Common Class A
Common Stock
Common Class B
Additional Paid-in-Capital
Additional Paid-in-Capital
Common Class A
Balance at Dec. 31, 2022 $ 148,390     $ 725 $ 6,759 $ 141,631 $ 725        
Members' Equity                      
Net income 118,683         118,683          
Distributions to members (90,300)         (90,300)          
Net loss from equity restructuring 0                    
Balance at Dec. 31, 2023 177,498       6,759 170,739          
Members' Equity                      
Net income 134,801         134,801          
Distributions to members (116,050)         (116,050)          
Net loss from equity restructuring 0                    
Balance at Dec. 31, 2024 196,249       6,759 189,490          
Ending balance (in shares) at Dec. 31, 2024                  
Ending balance at Dec. 31, 2024            
Members' Equity                      
Net income (130,169)                    
Net income 86,861         86,861          
Distributions to members (264,898)         (264,898)          
Equity-based compensation 136,460       136,460            
Issuance of notes payable to related parties (156,922)       (145,469) (11,453)          
Net loss from equity restructuring (193,163)       (193,163)            
Reclassification of members' equity to redeemable noncontrolling interest 195,413       195,413            
Balance at Dec. 31, 2025 0       $ 0 0          
Stockholders' Equity                      
Issuance of common stock (in shares)               12,650,000 98,302,500    
Issuance of common stock   $ 178,294 $ 10         $ 1 $ 10   $ 178,293
Increase in deferred tax asset 210                 210  
Reallocation of equity (180,246)         (1,743)       (178,503)  
Settlement of deferred compensation liability with LTIP Unit issuance and corresponding issuance of Class B common stock (in shares)                 976,563    
Settlement of deferred compensation liability with LTIP Unit issuance and corresponding issuance of Class B common stock 168                 168  
Net loss (2,324) [1]         (2,324)          
Cancellation of Class B common stock (in shares)                 (112,500)    
Equity-based compensation 1,244                 1,244  
Accretion to redemption value of redeemable noncontrolling interest (132,087)         (130,675)       (1,412)  
Ending balance (in shares) at Dec. 31, 2025               12,650,000 99,166,563    
Ending balance at Dec. 31, 2025 $ (134,731)         $ (134,742)   $ 1 $ 10 $ 0  
[1]
Represents net loss attributable to Andersen Group Inc. for the period following the IPO and Reorganization Transactions as described in Note 1 in the accompanying notes.