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Abacus Global Management, Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
87.7%Gross margin3
37.7%Operating margin3
15.5%Net margin3
110.2%Revenue growth, 20253
8.7%Return on equity3
0.69×Debt to equity3
-$26.6MFree cash flow3
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Life Solutions brought in 83% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Life Solutions | $108.3M | $200.7M |
| Asset Management | $3.6M | $33.8M |
| Origination | $5.5M | $5.7M |
| Technology Service | $33.6K | $717.2K |
Business segments
Life Solutions brought in 85% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Life Solutions | $108.3M | $200.7M |
| Asset Management | $3.6M | $33.8M |
| Technology Services | $33.6K | $717.2K |
Regions
United States brought in 86% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $97.6M | $202.4M |
| LU | $10.4M | $29.9M |
| Other Geographical Location | $3.9M | $2.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue12¢$28.9M
- Other costs66¢$154.4M
- Income tax7¢$15.4M
- Profit16¢$36.5M
Out of $235.2M in revenue.3
Financial statements
Every line of the income statement in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $235.2M | $111.9M |
| Cost of revenue (including stock-based compensation) | $28.9M | $11.4M |
| Gross Profit | $206.4M | $100.6M |
| Sales and marketing | $14.6M | $9.1M |
| General and administrative (including stock-based compensation) | $87.8M | $81.7M |
| (Gain) loss on change in fair value of debt | -$3.4M | $4.8M |
| Unrealized loss on equity securities, at fair value | $0 | $238.0K |
| Realized gain on equity securities, at fair value | $0 | -$2.3M |
| Depreciation and amortization expense | $18.6M | $7.9M |
| Total operating expenses | $117.6M | $101.4M |
| Operating Income (LOSS) | $88.8M | -$888.3K |
| Loss on change in fair value of warrant liability | -$1.7M | -$2.7M |
| Interest expense | -$38.8M | -$18.3M |
| Interest income | $3.9M | $2.4M |
| Other income, net | $625.8K | $38.0K |
| Total other expense | -$36.0M | -$18.5M |
| Net income (loss) before provision for income taxes | $52.7M | -$19.4M |
| Income tax expense | $15.4M | $5.5M |
| NET INCOME (LOSS) | $37.3M | -$24.9M |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | $786.7K | -$957.0K |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | -$24.0M |
| Earnings (loss) per share - basic (in dollars per share) | $0.38 | -$0.34 |
| Earnings (loss) per share - diluted (in dollars per share) | $0.36 | -$0.34 |
| Weighted-average stock outstandingbasic (in shares) | 96.1M shares | 70.8M shares |
| Weighted-average stock outstandingdiluted (in shares) | 99.2M shares | 70.8M shares |
| Other comprehensive loss | $0 | -$158.6K |
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | $0 | $11.1K |
| Comprehensive income (loss) before non-controlling interests | $37.3M | -$25.1M |
| Net and comprehensive income (loss) attributable to non-controlling interests | $786.7K | -$996.1K |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | -$24.1M |
Every line of the balance sheet in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $38.1M | $131.9M | |
| Income taxes receivable | $411.1K | $2.1M | |
| Prepaid expenses and other current assets | $3.6M | $2.6M | |
| Total current assets | $69.6M | $159.6M | |
| Property and equipment, net | $1.6M | $1.0M | |
| Intangible assets, net | $66.4M | $79.8M | |
| Goodwill | $252.8M | $238.3M | |
| Operating right-of-use assets | $4.6M | $4.7M | |
| Life settlement policies, at fair value | $468.9M | $370.4M | |
| Life settlement policies, at cost | $918.3K | $1.1M | |
| Available-for-sale securities, at fair value; net of allowance for credit losses of $1,245,575 and $ at December 31, 2025 and 2024, respectively | $3.1M | $2.2M | |
| Other investments | $18.3M | $1.9M | |
| Other assets | $1.4M | $1.9M | |
| TOTAL ASSETS | $902.2M | $874.2M | |
| Current portion of long-term debt, at fair value | $114.4M | $37.4M | |
| Current portion of long-term debt | $1.5M | $1.0M | |
| Accrued expenses | $10.9M | $6.1M | |
| Current operating lease liabilities | $720.2K | $515.6K | |
| Contract liabilities, deposits on pending settlements | $169.2K | $2.5M | |
| Accrued transaction costs | $2.3M | $483.2K | |
| Other current liabilities | $15.9M | $14.4M | |
| Income taxes payable | $2.7M | $0 | |
| Total current liabilities | $148.6M | $62.5M | |
| Long-term debt, at fair value | $0 | $105.1M | |
| Retrocession fees payable | $5.4M | $5.3M | |
| Noncurrent operating lease liabilities | $4.6M | $4.6M | |
| Deferred tax liability | $30.2M | $26.8M | |
| Warrant liability | $0 | $9.3M | |
| TOTAL LIABILITIES | $478.7M | $450.9M | |
| Temporary Equity, Carrying Amount, Attributable to Parent | $5.0M | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding at December 31, 2025 and 2024 | $0 | $0 | |
| Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively | -$55.8M | -$12.0M | |
| Additional paid-in capital | $516.0M | $494.1M | |
| Accumulated deficit | -$41.6M | -$57.9M | |
| Accumulated other comprehensive income | $0 | $0 | |
| Noncontrolling interest | $0 | -$857.8K | |
| Total stockholders' equity | $418.5M | $423.3M | |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $902.2M | $874.2M | |
| Available-for-sale securities, allowance for credit losses | $1.2M | $0 | |
| Mezzanine equity, par value (in dollars per share) | $0.00 | ||
| Mezzanine equity, shares authorized (in shares) | 5.0K shares | 5.0K shares | |
| Mezzanine equity, shares issued (in shares) | 5.0K shares | 0 shares | |
| Mezzanine equity, shares outstanding (in shares) | 5.0K shares | 0 shares | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 5.0K shares | 5.0K shares | |
| Preferred stock, shares outstanding (in shares) | 5.0K shares | 5.0K shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | |
| Common stock, shares issued (in shares) | 104.9M shares | 96.7M shares | |
| Treasury stock (in shares) | 7.4M shares | 1.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.3
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $37.3M | -$24.9M |
| Depreciation and amortization | $18.6M | $7.9M |
| Allowance for credit losses | $1.2M | $0 |
| Impairment of other investment | $500.0K | $0 |
| Stock-based compensation | $15.5M | $43.4M |
| Amortization of debt issuance costs | $2.4M | $936.1K |
| Unrealized loss on equity securities, at fair value | $0 | $238.0K |
| Unrealized gain on other investments | -$204.0K | $0 |
| Non-cash gain on policy trades | $0 | -$6.4M |
| Unrealized gain on policies, at fair value | -$49.3M | -$53.8M |
| Loss (Gain) on change in fair value of debt | -$3.4M | $4.8M |
| Loss on change in fair value of warrant liability | $1.7M | $2.7M |
| Non-cash interest income | -$384.6K | -$100.0K |
| Deferred income taxes | $824.7K | $6.0M |
| Non-cash lease expense | $423.0K | $352.1K |
| Non-cash other income | -$1.8M | $0 |
| Accounts receivable | -$798.8K | -$13.2M |
| Accounts receivable, related party | -$5.6M | $266.0K |
| Equity securities, at fair value | $0 | $2.2M |
| Prepaid expenses and other current assets | -$948.4K | -$361.9K |
| Other assets | $115.8K | -$537.2K |
| Accrued expenses | $3.9M | $802.5K |
| Accrued transaction costs | $1.9M | $483.2K |
| Contract liabilities, deposits on pending settlement | -$2.3M | $2.0M |
| Other current liabilities | -$4.3M | $3.9M |
| Income tax payable | $3.0M | -$751.7K |
| Income tax receivable | $1.7M | -$2.2M |
| Retrocession fees payable | -$44.7K | $1.7M |
| Net change in life settlement policies, at fair value | -$49.2M | -$187.9M |
| Net change in life settlement policies, at cost | $165.7K | $613.2K |
| Net cash used in operating activities | -$25.7M | -$208.8M |
| Origination of note receivable | -$7.0M | $0 |
| Acquisition of businesses, net of cash acquired | -$1.6M | -$2.4M |
| Purchase of property and equipment | -$931.4K | -$786.2K |
| Purchase of intangible assets | $0 | -$18.9K |
| Purchase of other investments | -$11.7M | -$200.0K |
| Purchase of available for sale securities | -$2.0M | -$1.0M |
| Change in due from affiliates | $0 | -$519.5K |
| Net cash used in investing activities | -$23.3M | -$5.0M |
| Issuance of long term debt | $50.0M | $125.0M |
| Issuance of long term-debt, at fair value | $26.0M | $73.5M |
| Payment of discounts and financing costs | -$1.5M | -$7.5M |
| Repayment of debt, at fair value | -$51.2M | -$4.0M |
| Common stock issuance | $0 | $181.7M |
| Common stock issuance transaction costs | -$3.5M | -$14.8M |
| Repurchase of common stock | -$43.8M | -$10.7M |
| Transaction costs | $0 | -$483.5K |
| Payment of Series A Convertible Preferred dividend | -$287.5K | $0 |
| Payment of Common dividend | -$19.6M | $0 |
| Warrant conversions | $0 | $6.9M |
| Net cash (used in) provided by financing activities | -$44.9M | $320.1M |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -$93.8M | $106.4M |
| Non-cash sale of life settlement policies, at fair value | $0 | $25.0M |
| Non-cash purchase of life settlement policies, at fair value | $0 | $25.0M |
| Non-cash consideration for business acquisition | $9.3M | $0 |
| Non-cash issuance of debt in connection with business acquisition | $2.0M | $72.7M |
| Non-cash issuance of common stock in connection with business acquisition | $1.6M | $77.5M |
| Non-cash investment in other investments | $5.0M | $0 |
| Non-cash issuance of series A convertible preferred stock | $5.0M | $0 |
| Warrant Conversions | $11.0M | $0 |
| Interest paid | $34.0M | $11.6M |
| Income taxes paid, net of refunds | $9.2M | $2.1M |
Former names
Recent filings
- Sep 23, 20264
- Sep 23, 20264
- Sep 23, 20264
- Sep 22, 20264
- Sep 22, 20264
- Sep 22, 20264
- Sep 18, 2026144
- Sep 18, 2026144
- Sep 18, 2026144
- Aug 24, 20268-K
- Aug 21, 20264
- Aug 19, 2026144
- Aug 14, 20264
- Aug 13, 20268-K
- Aug 12, 2026144
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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