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Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States, Luxembourg, and internationally. The company operates in three segments: Asset Management, Life Solutions, and Technology Services segments. The Asset Management segment provides asset management services to investors investing in alternative investment and exchange-traded funds. The Life Solutions segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. The Technology Services segment provides real-time mortality verification, missing participant verification, and other services specific to the life insurance market services to customers on a contract basis. It sells its products through financial advisors or agents, direct-to-consumer, and traditional life settlements intermediaries. The company was formerly known as Abacus Life, Inc. and changed its name to Abacus Global Management, Inc. in February 2025. Abacus Global Management, Inc. was founded in 2004 and is headquartered in Orlando, Florida.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $235M | $110M | $37M | $-27M | 8.7% | 110.2% | - |
| 2024 | $112M | $7M | $-24M | $-210M | -5.7% | 68.6% | -351.8% |
| 2023 | $66M | $24M | $10M | $-64M | 5.8% | 48.5% | -70.0% |
| 2022 | $45M | $33M | $32M | $11M | 112.5% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 44.71 | 66.40 | 111.92 | 235.24 |
| Cost Of Revenue | 5.88 | 6.49 | 11.37 | 28.86 |
| Gross Profit | 38.83 | 59.91 | 100.55 | 206.38 |
| Operating Expense | 4.03 | 34.80 | 98.71 | 120.98 |
| Operating Income | 34.80 | 25.11 | 1.84 | 85.40 |
| EBITDA | 33.32 | 23.78 | 6.76 | 110.15 |
| EBIT | 33.32 | 20.37 | -1.15 | 91.54 |
| Pretax Income | 33.28 | 10.50 | -19.43 | 52.75 |
| Tax Provision | 0.89 | 1.47 | 5.48 | 15.43 |
| Net Income | 31.68 | 9.52 | -23.96 | 36.53 |
| Net Income Common Stockholders | 31.68 | 9.52 | -23.96 | 36.53 |
| Total Expenses | 9.91 | 41.29 | 110.08 | 149.84 |
| Interest Expense | 0.04 | 9.87 | 18.28 | 38.79 |
| Interest Income | 0 | 0.59 | 2.40 | 3.86 |
| Selling General And Administration | 4.02 | 31.39 | 90.80 | 102.38 |
| Normalized EBITDA | 34.46 | 28.97 | 12.19 | 108.49 |
| Normalized Income | 32.57 | 13.98 | -19.67 | 35.35 |
| Basic EPS | 0.63 | 0.17 | -0.34 | 0 |
| Diluted EPS | 0.63 | 0.16 | -0.34 | 0 |
| Tax Effect Of Unusual Items | -0.25 | -0.73 | -1.14 | 0.49 |
| Tax Rate For Calcs | 0.22 | 0.14 | 0.21 | 0.29 |
| Total Unusual Items | -1.14 | -5.19 | -5.43 | 1.66 |
| Total Unusual Items Excluding Goodwill | -1.14 | -5.19 | -5.43 | 1.66 |
| Net Income From Continuing Operation Net Minority Interest | 31.68 | 9.52 | -23.96 | 36.53 |
| Reconciled Depreciation | 0 | 3.41 | 7.91 | 18.61 |
| Reconciled Cost Of Revenue | 5.88 | 6.49 | 11.37 | 28.86 |
| Net Interest Income | -0.04 | -9.27 | -15.88 | -34.93 |
| Net Income From Continuing And Discontinued Operation | 31.68 | 9.52 | -23.96 | 36.53 |
| Total Operating Income As Reported | 33.67 | 24.13 | -0.89 | 88.76 |
| Diluted Average Shares | 50.37 | 57.77 | 70.76 | 0 |
| Basic Average Shares | 50.37 | 56.95 | 70.76 | 0 |
| Diluted NI Availto Com Stockholders | 31.68 | 9.52 | -23.96 | 36.53 |
| Minority Interests | -0.70 | 0.48 | 0.96 | -0.79 |
| Net Income Including Noncontrolling Interests | 32.39 | 9.03 | -24.92 | 37.31 |
| Net Income Continuous Operations | 32.39 | 9.03 | -24.92 | 37.31 |
| Other Income Expense | -1.48 | -5.34 | -5.40 | 2.28 |
| Other Non Operating Income Expenses | -0.35 | -0.15 | 0.04 | 0.63 |
| Gain On Sale Of Security | -1.14 | -5.19 | -5.43 | 1.66 |
| Net Non Operating Interest Income Expense | -0.04 | -9.27 | -15.88 | -34.93 |
| Interest Expense Non Operating | 0.04 | 9.87 | 18.28 | 38.79 |
| Interest Income Non Operating | 0 | 0.59 | 2.40 | 3.86 |
| Other Operating Expenses | 0 | 0 | 0 | 0 |
| Depreciation Amortization Depletion Income Statement | 0 | 3.41 | 7.91 | 18.61 |
| Depreciation And Amortization In Income Statement | 0 | 3.41 | 7.91 | 18.61 |
| Depreciation Income Statement | 0.01 | 0 | 0 | 0 |
| Selling And Marketing Expense | 2.60 | 4.91 | 9.06 | 14.58 |
| General And Administrative Expense | 1.43 | 26.48 | 81.73 | 87.80 |
| Other Gand A | 1.43 | 26.48 | 81.73 | 87.80 |
| Operating Revenue | 39.30 | 66.40 | 111.92 | 235.24 |
| Loss Adjustment Expense | 0 | 0 | 0 | 0 |
| Net Policyholder Benefits And Claims | 0 | 0 | 0 | 0 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Abacus Global Management, Inc.this co. | ABX | $902M | 26.06↑ premium | 2.18 | 8.7% | 11.09 |
| MetroCity Bankshares, Inc. | MCBS | $916M | 11.50 | 1.69 | 12.6% | - |
| Horizon Bancorp, Inc. | HBNC | $914M | - | 1.31 | -21.9% | - |
| Esquire Financial Holdings, Inc. | ESQ | $910M | 17.75 | 2.87 | 17.5% | - |
| CNB Financial Corporation | CCNE |
| $899M |
| 10.57 |
| 1.09 |
| 7.6% |
| - |
| Business First Bancshares, Inc. | BFST | $879M | 9.55 | 0.96 | 9.8% | - |
| Mercantile Bank Corporation | MBWM | $876M | 9.08 | 1.19 | 12.2% | - |
| NB Bancorp, Inc. | NBBK | $876M | 14.28 | 0.95 | 5.9% | - |
| TrustCo Bank Corp NY | TRST | $865M | 13.37 | 1.19 | 8.9% | - |
| Peer Median | - | 11.50 | 1.19 | 9.4% | - | |