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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% | -252.4% |
| 2024 | $112M | $7M | $-24M | $-210M | -5.6% | 68.6% | -351.8% |
| 2023 | $66M | $24M | $10M | $-64M | 5.8% | 48.5% | -70.0% |
| 2022 | $45M | $33M | $32M | $11M | 116.3% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 44.71 | 66.40 | 111.92 | 235.24 |
| Operating Revenue | - | 39.30 | 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 |
| Selling General And Administration | - | 4.02 | 31.39 | 90.80 | 102.38 |
| Total Expenses | - | 9.91 | 41.29 | 110.08 | 149.84 |
| Operating Income | - | 34.80 | 25.11 | 1.84 | 85.40 |
| Total Operating Income As Reported | - | 33.67 | 24.13 | -0.89 | 88.76 |
| EBITDA | - | 33.32 | 23.78 | 6.76 | 110.15 |
| Normalized EBITDA | - | 34.46 | 28.97 | 12.19 | 108.49 |
| EBIT | - | 33.32 | 20.37 | -1.15 | 91.54 |
| Interest Income | - | 0 | 0.59 | 2.40 | 3.86 |
| Interest Expense | - | 0.04 | 9.87 | 18.28 | 38.79 |
| Net Interest Income | - | -0.04 | -9.27 | -15.88 | -34.93 |
| Other Non Operating Income Expenses | - | -0.35 | -0.15 | 0.04 | 0.63 |
| Other Income Expense | - | -1.48 | -5.34 | -5.40 | 2.28 |
| Interest Income Non Operating | - | 0 | 0.59 | 2.40 | 3.86 |
| Interest Expense Non Operating | - | 0.04 | 9.87 | 18.28 | 38.79 |
| Net Non Operating Interest Income Expense | - | -0.04 | -9.27 | -15.88 | -34.93 |
| Pretax Income | - | 33.28 | 10.50 | -19.43 | 52.75 |
| Tax Provision | - | 0.89 | 1.47 | 5.48 | 15.43 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.25 | -0.73 | -1.14 | 0.49 |
| Net Income Continuous Operations | - | 32.39 | 9.03 | -24.92 | 37.31 |
| Net Income From Continuing And Discontinued Operation | - | 31.68 | 9.52 | -23.96 | 36.53 |
| Net Income From Continuing Operation Net Minority Interest | - | 31.68 | 9.52 | -23.96 | 36.53 |
| Net Income | - | 31.68 | 9.52 | -23.96 | 36.53 |
| Net Income Common Stockholders | - | 31.68 | 9.52 | -23.96 | 36.53 |
| Net Income Including Noncontrolling Interests | - | 32.39 | 9.03 | -24.92 | 37.31 |
| Normalized Income | - | 32.57 | 13.98 | -19.67 | 35.35 |
| Diluted NI Availto Com Stockholders | - | 31.68 | 9.52 | -23.96 | 36.53 |
| Basic Average Shares | - | 50.37 | 56.95 | 70.76 | 96.14 |
| Diluted Average Shares | - | 50.37 | 57.77 | 70.76 | 99.23 |
| Reconciled Depreciation | - | 0 | 3.41 | 7.91 | 18.61 |
| Reconciled Cost Of Revenue | - | 5.88 | 6.49 | 11.37 | 28.86 |
| Total Unusual Items | - | -1.14 | -5.19 | -5.43 | 1.66 |
| Total Unusual Items Excluding Goodwill | - | -1.14 | -5.19 | -5.43 | 1.66 |
| Minority Interests | - | -0.70 | 0.48 | 0.96 | -0.79 |
| Gain On Sale Of Security | - | -1.14 | -5.19 | -5.43 | 1.66 |
| 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 |
| General And Administrative Expense | - | 1.43 | 26.48 | 81.73 | 87.80 |
| Other Gand A | - | 1.43 | 26.48 | 81.73 | 87.80 |
| Other Operating Expenses | 0.49 | - | - | - | - |
| Selling And Marketing Expense | - | 2.60 | 4.91 | 9.06 | 14.58 |
| Depreciation Income Statement | 0.01 | 0.01 | - | - | - |
| Loss Adjustment Expense | 2.68 | - | - | - | - |
| Net Policyholder Benefits And Claims | 2.68 | - | - | - | - |
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 | $851M | 23.29↑ premium | 2.03 | 8.7% | 11.11 |
| Amerant Bancorp Inc. | AMTB | $887M | 16.92 | 0.94 | 5.6% | - |
| NB Bancorp, Inc. | NBBK | $873M | 17.35 | 1.02 | 5.9% | - |
| Camden National Corporation | CAC | $852M | 13.08 | 1.22 | 9.4% | - |
| First Financial Corporation | THFF |
| - |
| - |
| - |
| - |
| - |
| - |
| $840M |
| 10.61 |
| 1.29 |
| 12.2% |
| - |
| Farmers National Banc Corp. | FMNB | $834M | 15.27 | 1.72 | 11.2% | - |
| Root, Inc. | ROOT | $833M | 20.67 | 2.93 | 14.2% | - |
| Eagle Bancorp, Inc. | EGBN | $828M | -6.00 | 0.73 | -12.2% | - |
| Mid Penn Bancorp, Inc. | MPB | $823M | 14.64 | 1.01 | 6.9% | - |
| Peer Median | - | 14.95 | 1.12 | 8.1% | - | |