Abacus Global Management, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Abacus Global Management, Inc. reported revenue of $235.2M (+110.2% year on year) and net income of $52.7M (+371.4% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $235.2M | $111.9M | $66.4M | — |
| Cost of revenue (including stock-based compensation) | $28.9M | $11.4M | $6.5M | — |
| Gross Profit | $206.4M | $100.6M | $59.9M | — |
| Sales and marketing | $14.6M | $9.1M | $4.9M | — |
| General and administrative (including stock-based compensation) | $87.8M | $81.7M | $26.5M | — |
| (Gain) loss on change in fair value of debt | ($3.4M) | — | — | — |
| 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 | $3.4M | — |
| Total operating expenses | $117.6M | $101.4M | $35.8M | — |
| Operating Income (LOSS) | $88.8M | ($888.3K) | $24.1M | — |
| Loss on change in fair value of warrant liability | ($1.7M) | ($2.7M) | ($4.2M) | $9.3M |
| Interest expense | ($38.8M) | ($18.3M) | ($9.9M) | — |
| Interest income | $3.9M | $2.4M | $594.8K | — |
| Other income, net | $625.8K | $38.0K | ($146.4K) | — |
| Total other expense | ($36.0M) | ($18.5M) | ($13.6M) | $11.1M |
| Net income (loss) before provision for income taxes | $52.7M | ($19.4M) | $10.5M | — |
| Income tax expense | $15.4M | $5.5M | $1.5M | $52.5K |
| NET INCOME (LOSS) | $37.3M | ($24.9M) | $9.0M | — |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | $786.7K | ($957.0K) | ($482.1K) | — |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | ($24.0M) | $9.5M | ($643.6K) |
| Earnings (loss) per share - basic (in dollars per share) | $0.38 | -$0.34 | $0.17 | — |
| Earnings (loss) per share - diluted (in dollars per share) | $0.36 | -$0.34 | $0.16 | — |
| Weighted-average stock outstanding—basic (in shares) | 96.1M | 70.8M | 57.0M | 32.3M |
| Weighted-average stock outstanding—diluted (in shares) | 99.2M | 70.8M | 57.8M | 32.3M |
| 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) | $7.8M | — |
| Net and comprehensive income (loss) attributable to non-controlling interests | $786.7K | ($996.1K) | ($800.3K) | — |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | ($24.1M) | $8.6M | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $73.0M | $59.4M | $63.0M | $56.2M |
| Cost of revenue (including stock-based compensation) | $9.1M | $6.3M | $7.7M | $6.1M |
| Gross Profit | $64.0M | $53.1M | $55.3M | $50.2M |
| Sales and marketing | $5.6M | $4.9M | $3.8M | $3.3M |
| General and administrative (including stock-based compensation) | $33.0M | $25.9M | $24.7M | $18.9M |
| Gain on change in fair value of debt | $0 | $0 | — | — |
| Gain on equity securities, at fair value | $0 | $0 | $0 | $272.3K |
| Depreciation and amortization expense | $4.0M | $3.9M | $4.4M | $5.2M |
| Total operating expenses | $42.5M | $34.8M | $32.9M | $27.7M |
| Operating Income | $21.5M | $18.3M | $22.4M | $22.5M |
| Gain (loss) on change in fair value of warrant liability | $0 | $0 | ($1.1M) | $4.2M |
| Interest expense | ($8.3M) | ($10.5M) | ($9.7M) | ($8.8M) |
| Interest income | $670.8K | $663.2K | $803.6K | $1.0M |
| Other (expense) income, net | ($2.9M) | $2.5M | ($629.1K) | $2.7M |
| Total other expense | ($10.5M) | ($7.3M) | ($10.6M) | ($838.7K) |
| Net income before provision for income taxes | $11.0M | $11.1M | $11.8M | $21.7M |
| Income tax expense | $4.3M | $3.8M | $4.7M | $4.1M |
| NET INCOME | $6.6M | $7.3M | $7.1M | $17.6M |
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | $0 | $0 | $0 | $27.2K |
| NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $6.6M | $7.3M | $7.1M | $17.6M |
| Earnings per share - basic (in dollars per share) | $0.07 | $0.07 | $0.07 | $0.18 |
| Earnings per share - diluted (in dollars per share) | $0.07 | $0.07 | $0.07 | $0.18 |
| Weighted-average stock outstanding—basic (in shares) | 95.3M | 96.8M | 96.0M | 94.7M |
| Weighted-average stock outstanding—diluted (in shares) | 98.5M | 99.5M | 96.7M | 97.4M |
| Comprehensive income before non-controlling interests | $6.6M | $7.3M | $7.1M | $17.6M |
| Net and comprehensive income attributable to non-controlling interests | $0 | $0 | $0 | $27.2K |
| COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $6.6M | $7.3M | $7.1M | $17.6M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $38.1M | $131.9M | $25.6M | — |
| Accounts receivable | $27.4M | $22.9M | $2.2M | — |
| Income taxes receivable | $411.1K | $2.1M | — | — |
| Prepaid expenses and other current assets | $3.6M | $1.1M | $699.1K | — |
| Total current assets | $69.6M | $159.6M | $31.8M | $151.5K |
| Property and equipment, net | $1.6M | $1.0M | $400.7K | — |
| Intangible assets, net | $66.4M | $79.8M | $29.6M | — |
| Goodwill | $252.8M | $238.3M | $140.3M | — |
| Operating right-of-use assets | $4.6M | $4.7M | $1.9M | — |
| Management and performance fee receivable, related party | $14.8M | $13.4M | — | — |
| Life settlement policies, at fair value | $468.9M | $370.4M | $122.3M | — |
| Life settlement policies, at cost | $918.3K | $1.1M | $1.7M | — |
| 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 | $1.1M | — |
| Other investments | $18.3M | $0 | $96.1K | — |
| Other assets | $1.4M | $1.9M | $998.9K | — |
| TOTAL ASSETS | $902.2M | $874.2M | $331.8M | $99.4M |
| Current portion of long-term debt, at fair value | $114.4M | $37.4M | — | — |
| Current portion of long-term debt | $1.5M | $1.0M | $13.0M | — |
| Accrued expenses | $10.9M | $6.1M | $4.4M | $9.2M |
| Current operating lease liabilities | $720.2K | $515.6K | $118.1K | — |
| Contract liabilities, deposits on pending settlements | $169.2K | $2.5M | $507.0K | — |
| Accrued transaction costs | $2.3M | $483.2K | $0 | — |
| Other current liabilities | $15.9M | $14.4M | $4.6M | — |
| Income taxes payable | $2.7M | $0 | $751.7K | $52.5K |
| Total current liabilities | $148.6M | $62.5M | $23.3M | — |
| Long-term debt, net | $289.9M | $237.3M | — | — |
| Long-term debt, at fair value | $0 | $105.1M | — | — |
| Retrocession fees payable | $5.4M | $5.3M | — | — |
| Noncurrent operating lease liabilities | $4.6M | $4.6M | $1.8M | — |
| Deferred tax liability | $30.2M | $26.8M | $9.2M | — |
| Warrant liability | $0 | $9.3M | $6.6M | $4.6M |
| TOTAL LIABILITIES | $478.7M | $450.9M | $167.8M | $18.8M |
| Temporary Equity, Carrying Amount, Attributable to Parent | $5.0M | — | — | $99.0M |
| 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 | 0 | — |
| Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 104,879,752 and 96,731,194 shares issued at December 31, 2025 and 2024, respectively | 10.5K | 10.1K | 6.3K | 863 |
| Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively | -55.8M | -12.0M | -1.3M | — |
| Additional paid-in capital | $516.0M | $494.1M | $199.8M | $24.1K |
| Accumulated deficit | ($41.6M) | ($57.9M) | ($34.7M) | ($18.4M) |
| Accumulated other comprehensive income | $0 | $0 | $108.4K | — |
| Noncontrolling interest | $0 | ($857.8K) | $138.3K | — |
| Total stockholders' equity | $418.5M | $423.3M | $164.1M | — |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $902.2M | $874.2M | $331.8M | $99.4M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $23.4M | $37.2M | $86.4M | $74.8M |
| Accounts receivable | $32.9M | $25.6M | $44.3M | $25.5M |
| Income taxes receivable | $3.8M | $96.2K | $2.7M | $145.8K |
| Prepaid expenses and other current assets | $4.5M | $5.5M | $4.7M | $5.4M |
| Total current assets | $64.6M | $68.3M | $138.2M | $105.9M |
| Property and equipment, net | $2.3M | $1.6M | $1.6M | $1.5M |
| Intangible assets, net | $59.8M | $63.3M | $70.5M | $71.4M |
| Goodwill | $252.8M | $252.8M | $249.0M | $238.9M |
| Operating right-of-use assets | $12.3M | $10.3M | $4.7M | $4.9M |
| Management and performance fee receivable, related party | $15.2M | $14.5M | $15.5M | $14.5M |
| Life settlement policies, at fair value | $383.0M | $392.8M | $423.8M | $386.1M |
| Life settlement policies, at cost | $0 | $931.4K | $905.3K | $1.1M |
| Available-for-sale securities, at fair value; net of allowance for credit losses of $— and $1,245,575 at June 30, 2026 and December 31, 2025 | $3.2M | $3.1M | $3.2M | $3.3M |
| Other investments | $73.0M | $20.7M | $9.8M | $9.8M |
| Other assets | $1.4M | $1.4M | $1.8M | $10.8M |
| TOTAL ASSETS | $867.7M | $829.8M | $918.9M | $848.4M |
| Current portion of long-term debt, at fair value | $38.3M | $0 | $118.5M | $117.9M |
| Current portion of long-term debt | $1.5M | $1.5M | $1.0M | $1.0M |
| Accrued expenses | $8.5M | $7.1M | $8.7M | $5.3M |
| Current operating lease liabilities | $2.6M | $1.3M | $671.3K | $646.9K |
| Contract liabilities, deposits on pending settlements | $647.0K | $766.5K | $359.0K | $45.9K |
| Accrued transaction costs | $2.1M | $2.2M | $2.5M | $879.3K |
| Other current liabilities | $38.1M | $14.1M | $15.8M | $12.1M |
| Income taxes payable | $0 | $8.8M | $910.5K | $2.3M |
| Total current liabilities | $91.7M | $35.8M | $148.4M | $140.2M |
| Long-term debt, net | $290.8M | $290.3M | $289.8M | $238.2M |
| Retrocession fees payable | $5.4M | $5.4M | $5.4M | $5.4M |
| Noncurrent operating lease liabilities | $11.1M | $10.0M | $4.5M | $4.7M |
| Deferred tax liability | $29.1M | $27.5M | $31.2M | $28.4M |
| TOTAL LIABILITIES | $428.1M | $407.2M | $479.3M | $426.8M |
| Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 shares issued and outstanding at June 30, 2026 and December 31, 2025 | 5.0M | 5.0M | 5.0M | 5.0M |
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding | 0 | 0 | 0 | 0 |
| Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 107,220,874 and 104,879,752 shares issued at June 30, 2026 and December 31, 2025, respectively | 10.7K | 10.5K | 10.4K | 9.8K |
| Treasury stock - at cost; 10,130,090 and 7,406,118 shares repurchased at June 30, 2026 and December 31, 2025, respectively | -80.2M | -70.3M | -50.3M | -47.1M |
| Additional paid-in capital | $542.8M | $522.3M | $513.7M | $499.4M |
| Accumulated deficit | ($27.9M) | ($34.5M) | ($28.9M) | ($35.8M) |
| Noncontrolling interest | $0 | $0 | $0 | ($71.1K) |
| Total stockholders' equity | $434.7M | $417.6M | $434.6M | $416.5M |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $867.7M | $829.8M | $918.9M | $848.4M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $37.3M | ($24.9M) | $9.0M | ($643.6K) |
| Depreciation and amortization | $18.6M | $7.9M | $3.4M | — |
| Allowance for credit losses | $1.2M | — | — | — |
| Impairment of other investment | $500.0K | — | — | — |
| Stock-based compensation | $15.5M | $43.4M | $10.8M | — |
| Amortization of debt issuance costs | $2.4M | $936.1K | $44.0K | — |
| Unrealized loss on equity securities, at fair value | $0 | $238.0K | — | — |
| Unrealized gain on other investments | ($204.0K) | — | ($1.4M) | — |
| Non-cash gain on policy trades | $0 | ($6.4M) | — | — |
| Unrealized gain on policies, at fair value | ($49.3M) | ($53.8M) | ($27.9M) | — |
| Loss (Gain) on change in fair value of debt | ($3.4M) | — | — | — |
| Loss on change in fair value of warrant liability | $1.7M | $2.7M | $4.2M | ($9.3M) |
| Non-cash interest income | ($384.6K) | — | — | — |
| Deferred income taxes | $824.7K | $6.0M | $466.6K | — |
| Non-cash interest expense | $1.7M | $3.5M | $2.2M | — |
| Non-cash lease expense | $423.0K | $352.1K | $17.9K | — |
| Non-cash other income | ($1.8M) | ($100.0K) | ($105.9K) | — |
| Accounts receivable | ($798.8K) | ($13.2M) | ($2.1M) | — |
| Accounts receivable, related party | ($5.6M) | $266.0K | $124.6K | — |
| Equity securities, at fair value | $0 | $2.2M | ($89.1K) | — |
| Management and performance fee receivable, related party | $1.4M | ($466.6K) | — | — |
| Prepaid expenses and other current assets | ($948.4K) | ($361.9K) | ($63.0K) | — |
| Other assets | $115.8K | ($537.2K) | ($522.3K) | — |
| Accrued expenses | $3.9M | $802.5K | $3.8M | $9.1M |
| Accrued transaction costs | $1.9M | $483.2K | ($908.3K) | — |
| Contract liabilities, deposits on pending settlement | ($2.3M) | $2.0M | ($474.2K) | — |
| Other current liabilities | ($4.3M) | $3.9M | $3.4M | — |
| Income tax payable | $3.0M | ($751.7K) | $751.7K | $52.5K |
| 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) | ($80.6M) | — |
| Net change in life settlement policies, at cost | $165.7K | $613.2K | $7.0M | — |
| Net cash used in operating activities | ($25.7M) | ($208.8M) | ($64.5M) | ($2.6M) |
| Origination of note receivable | ($7.0M) | — | — | — |
| Acquisition of businesses, net of cash acquired | ($1.6M) | ($2.4M) | — | — |
| Purchase of property and equipment | ($931.4K) | ($786.2K) | ($189.7K) | — |
| Purchase of intangible assets | $0 | ($18.9K) | — | — |
| Purchase of other investments | ($11.7M) | ($200.0K) | ($350.0K) | — |
| Purchase of available for sale securities | ($2.0M) | ($1.0M) | $0 | — |
| Change in due from affiliates | $0 | ($519.5K) | $2.8M | — |
| Net cash used in investing activities | ($23.3M) | ($5.0M) | $2.2M | $246.5M |
| Issuance of long term debt | $50.0M | $198.5M | $124.7M | — |
| Issuance of long term-debt, at fair value | $26.0M | — | — | — |
| Payment of discounts and financing costs | ($1.5M) | ($7.5M) | ($5.5M) | — |
| Repayment of debt | ($1.1M) | ($32.2M) | ($26.3M) | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $13.9M | $7.3M | $30.1M | $23.0M |
| Depreciation and amortization | $7.9M | $3.9M | $14.3M | $9.9M |
| Stock-based compensation | $13.2M | $6.3M | $10.4M | $5.8M |
| Amortization of debt issuance costs | $1.3M | $864.4K | $1.7M | $1.0M |
| Unrealized loss (gain) on policies, at fair value | $42.0M | $35.2M | ($33.6M) | ($17.9M) |
| Gain on change in fair value of debt | $0 | $0 | — | — |
| Loss on change in fair value of warrant liability | $0 | $0 | $1.7M | $623.0K |
| Deferred income taxes | ($1.2M) | ($2.7M) | $4.6M | $1.7M |
| Non-cash interest income | ($78.2K) | ($38.9K) | ($347.7K) | ($317.8K) |
| Non-cash interest expense | $868.3K | $427.7K | $1.3M | $914.2K |
| Non-cash lease expense | $594.3K | $178.1K | $117.4K | $119.3K |
| Non-cash other expense (income) | $2.2M | — | — | — |
| Accounts receivable | ($4.7M) | $5.8M | ($13.1M) | $1.3M |
| Accounts receivable, related party | ($807.0K) | ($4.0M) | ($10.9M) | ($6.1M) |
| Management and performance fee receivable, related party | ($387.3K) | $291.0K | $2.1M | $1.1M |
| Prepaid expenses and other current assets | ($886.8K) | ($1.8M) | ($1.9M) | ($2.8M) |
| Other investments | ($1.7M) | ($2.4M) | — | — |
| Other assets | ($17.1K) | ($10.6K) | ($256.3K) | ($7.8K) |
| Accrued expenses | ($2.5M) | ($3.8M) | $1.7M | ($823.1K) |
| Accrued transaction costs | ($230.0K) | ($135.5K) | $2.0M | $396.1K |
| Contract liabilities, deposits on pending settlement | $477.9K | $597.3K | ($2.1M) | ($2.4M) |
| Other current liabilities | $22.2M | ($1.8M) | ($2.3M) | ($2.4M) |
| Income tax payable | ($2.7M) | $6.1M | ($640.7K) | $2.0M |
| Income tax receivable | ($3.4M) | $314.8K | $910.5K | $2.3M |
| Retrocession fees payable | $0 | $0 | $49.5K | $49.5K |
| Net change in life settlement policies, at fair value | $43.9M | $40.9M | ($19.8M) | $2.1M |
| Net change in life settlement policies, at cost | $918.3K | ($13.0K) | $178.6K | ($25.8K) |
| Net cash provided by operating activities | $130.9M | $91.7M | ($18.2M) | $14.5M |
| Origination of note receivable | $0 | — | ($7.0M) | ($7.0M) |
| Acquisition of businesses, net of cash acquired | $0 | — | ($1.7M) | ($2.1M) |
| Purchase of property and equipment | ($996.2K) | ($133.9K) | ($819.0K) | ($647.3K) |
| Development of intangible assets | ($1.0M) | ($747.9K) | $0 | $0 |
| Purchase of other investments | ($39.7M) | ($50.0K) | ($3.0M) | ($3.0M) |
| Purchase of available for sale securities | $0 | $0 | ($1.5M) | ($1.0M) |
| Net cash used in investing activities | ($41.7M) | ($931.7K) | ($14.0M) | ($13.7M) |
| Issuance of long term-debt, at fair value | $992.4K | — | — | $24.7M |
| Payment of discounts and financing costs | ($682) | ($682) | ($1.4M) | ($374.8K) |
| Repayment of debt | ($78.3M) | ($77.9M) | ($750.0K) | ($46.7M) |
| Repurchase of common stock | ($24.4M) | ($14.5M) | ($38.2M) | ($35.1M) |
| Transaction costs | $0 | — | — | ($468.1K) |
| Payment of Series A Convertible Preferred dividend | ($187.5K) | ($93.8K) | ($93.8K) | — |
| Shares withheld to satisfy taxes on share-based compensation | -2.1M | — | — | — |
| Net cash used in financing activities | ($103.9M) | ($91.7M) | ($13.3M) | ($57.9M) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | ($14.7M) | ($902.6K) | ($45.5M) | ($57.1M) |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | $38.1M | $38.1M | $131.9M | $131.9M |
Abacus Global Management, Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.