Slide 1: Earnings Presentation First Quarter 2026
Earnings Presentation First Quarter 2026 May 12, 2026
Slide 2: Disclaimer and Safe Harbor Statement
Disclaimer and Safe Harbor Statement This presentation includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that involve su
Slide 3: Today's Presenters
Today’s Presenters Mark Vorsatz Neal Livingston Chief Executive Officer, Chief Financial Officer Chairman 3
Slide 4: First Quarter 2026 Highlights
First Quarter 2026 Highlights Robust Top-Line Significant Client Large Pool of Talented Healthy Margins and Performance Base Professionals Profitability $ 241MM 10,870 323 26.1% Q1’26 Client Groups Managing Directors Q1’26 Revenue Adj. Net Income Margin 15.7% 18,970 2,271 30.0% QoQ Revenue Growth Cl
Slide 5: Key Takeaways and Recent Business Highlights
Key Takeaways and Recent Business Highlights Continued robust Q1’26 revenue Expanded high-value client base, Completed IPO and major equity growth, with revenue increasing increasing client groups to 181 reorganization in Q4 2025, 15.7% QoQ to $240.7MM, driven generating over $250k in transitioning
Slide 6: Multi-Dimensional Integrated Services Platform
What doesMulti-Dimensional Integrated it mean for businesses today Services Platform Unlocking Client Success Family Office Consulting Real Estate Consulting Global Workforce Mobility Fund Tax Compliance and Advisory Investment Consulting Fund Formation and Global Structuring Private Accounting Solu
Slide 7: Andersen Unlocks International Reach
Andersen Global Andersen Consulting Collaborating Firms Andersen Unlocks International Reach 400+ Tax, Legal, Valuation 1,000+ 180+ 3,000+ 50,000+ Locations Countries Partners Professionals & Consulting Firms Notes: 1. Figures as of March 31, 2026. 7 2. “Andersen Global” refers to legally independen
Slide 8: Advancing Strategic Priorities to Expand Growth and Margins
Advancing Strategic Priorities to Expand Growth and Margins Key Takeaways Adj. EBITDA Margin Improvement Driven by Productivity Gains and Operating Leverage “Our first-quarter results reflect the strength of our platform and the momentum across the business,” said Mark Vorsatz, Global Chairman and C
Slide 9: Long Term Future Growth Supported By a Four-Pronged Strategy
Long Term Future Growth Supported By a Four-Pronged Strategy Existing Services New Services • Tax • Investment Banking • Managed Solutions • Private Trust • Legal • Consulting – Business Process Company Services • Valuation Outsourcing • Insurance Advisory – Internal Audit Business Expansion Strateg
Slide 10: Along with Expansion Opportunities Globally
Along with Expansion Opportunities Globally U.S. Business Listed as Part of the IPO Acquisitions and Business U.S. business Global business Combinations Andersen entered into definitive Tax - PCS and BTS Tax agreements for the acquisition or business combination of member firms of Andersen Global or
Slide 11: Leveraging AI Capabilities to Enhance Service Delivery
Leveraging AI Capabilities to Enhance Service Delivery Capabilities Across the Firm AI Investment Initiatives AI Use Cases Deploy enterprise AI productivity tools across Andersen AI Native Consulting Capabilities: 1 Client Facing practice groups to improve firm efficiency 1 Identifying opportunities
Slide 12: Financial Results
— ANDERSEN Financial Results
Slide 13: Summary of First Quarter 2026 Financial Results
Summary of First Quarter 2026 Financial Results Revenue Revenue by Service Line Revenue by U.S. Geographic Region $MM 4.8% 4.9% $241 10.7% 10.4% 43.2% 41.5% $208 34.4% 33.5% 17.0% 16.4% 50.1% 51.2% 39.8% 42.1% Q1'25 Q1'26 Q1'25 Q1'26 Q1'25 Q1'26 Private Client Services Business Tax Services East Cen
Slide 14: Summary of First Quarter 2026 Financial Results (Cont'd)
Summary of First Quarter 2026 Financial Results (Cont’d) Client Groups Client Engagements 10,870 18,970 18,600 10,500 Q1'25 Q1'26 Q1'25 Q1'26 Growth 3.5% Growth 2.0% FINANCIAL RESULTS 14
Slide 15: Summary of First Quarter 2026 Financial Results (Cont'd)
Summary of First Quarter 2026 Financial Results (Cont’d) Adj. EBITDA Adj. Net Income $MM $MM $72 $63 $57 $55 Q1'25 Q1'26 Q1'25 Q1'26 Margin 27.5% 30.0% Margin 26.5% 26.1% Note: FINANCIAL RESULTS 15 1. Adj. EBITDA, Adj. EBITDA Margin, Adj. Net Income and Adj. Net Income Margin are non-GAAP financial
Slide 16: Summary of First Quarter 2026 People Metrics
Summary of First Quarter 2026 People Metrics Total Employees Partners 2,271 323 312 2,209 Q1'25 Q1'26 Q1'25 Q1'26 Growth 2.8% Growth 3.5% FINANCIAL RESULTS 16
Slide 17: Outlook and Guidance
Outlook and Guidance 2Q26 Guidance Updated FY26 Guidance 1Q26 Results (approximately) (approximately) $190 to $205 MM $980 MM to $1 BN Revenue $240.7 MM 13% growth 18% growth Adjusted EBITDA $72.3 MM $225 to $250 MM Adjusted EBITDA Margin 30.0% 23% to 25% Projected net loss and Anticipated positive
Slide 18: Non-GAAP Reconciliation
APPENDIX Non-GAAP Reconciliation 18
Slide 19: Appendix: Quarterly GAAP to Non-GAAP Reconciliation
Appendix: Quarterly GAAP to Non-GAAP Reconciliation Three Months Ended March 31, (in thousands except percentages) 2026 2025 Change Net Income $17,738 $50,576 $(32,838) Adjusted for: Transaction costs (1) 4,049 1,433 2,616 Equity-based compensation expense associated with pre-IPO profits interst uni
Slide 20: Appendix: Quarterly GAAP to Non-GAAP Reconciliation (Cont'd)
Appendix: Quarterly GAAP to Non-GAAP Reconciliation (Cont’d) Three Months Ended March 31, (in thousands except percentages) 2026 2025 Change Net Income $17,738 $50,576 $(32,838) Adjusted for: Interest Income (1,879) (1,200) (679) Interest expense 6,234 143 6,091 Depreciation and amortization 2,274 2
Slide 21: Non-GAAP Financial Measures
Non-GAAP Financial Measures We use certain non-GAAP financial measures to supplement our financial measures prepared in accordance with accounting principles generally accepted in the United States (GAAP), which include EBITDA, Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjuste