ABX
Abacus Global Management, Inc.
Price Chart
Latest Quote
$8.05
Current Price| Previous Close | $7.45 |
| Open | $7.79 |
| Day High | $8.38 |
| Day Low | $7.79 |
| Volume | 606,297 |
Stock Information
| Quarterly Dividend / Yield | $0.20 / 2.68% |
| Shares Outstanding | 97.75M |
| Total Debt | $414.48M |
| Cash Equivalents | $86.42M |
| Revenue | $196.55M |
| Net Income | $11.04M |
| Sector | Financial Services |
| Industry | Insurance - Life |
| Market Cap | $786.91M |
| P/E Ratio | 161.00 |
| EPS (TTM) | $0.05 |
| Exchange | NYQ |
đ Custom Metrics & Score
Score: 12/42| Debt to Equity | 0.91 |
| Debt to Earnings | 3.84 |
| Current Ratio | 2.55 |
| Quick Ratio | 2.54 |
| Avg Revenue Growth | 98.85% |
| Profit Margin | -21.41% |
| Return on Equity | -5.65% |
| Avg FCF Growth | -4720.27% |
| FCF Yield | -26.64% |
Score Explanation: The perfect score is 42/42 based on debt levels, profitability, growth rates, and cash flow metrics. FCF Yield is weighted most heavily as it shows what return the business currently generates.
Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-02-02 | $8.05 | 619,424 |
| 2026-01-30 | $7.45 | 535,900 |
| 2026-01-29 | $8.05 | 343,700 |
| 2026-01-28 | $7.88 | 382,900 |
| 2026-01-27 | $8.10 | 457,800 |
| 2026-01-26 | $8.30 | 283,800 |
| 2026-01-23 | $8.23 | 301,500 |
| 2026-01-22 | $8.32 | 516,900 |
| 2026-01-21 | $8.33 | 406,400 |
| 2026-01-20 | $8.53 | 296,700 |
| 2026-01-16 | $8.57 | 419,500 |
| 2026-01-15 | $8.46 | 422,100 |
| 2026-01-14 | $8.63 | 363,900 |
| 2026-01-13 | $8.35 | 441,400 |
| 2026-01-12 | $8.61 | 441,800 |
| 2026-01-09 | $8.62 | 551,000 |
| 2026-01-08 | $8.72 | 645,200 |
| 2026-01-07 | $8.25 | 385,300 |
| 2026-01-06 | $8.19 | 380,100 |
| 2026-01-05 | $8.05 | 681,100 |
About Abacus Global Management, Inc.
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States. It operates in five segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. The Active Management segment is involved in the buying, selling, and trading of policies; and the maintenance of policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. The Asset Management segment provides asset management services to investors investing in alternative investment and equity portfolio funds based on fund investment agreements. Its Portfolio Servicing segment offers policy services to customers on a contract basis. 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.
Income Statement (Annual)
Revenue
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Reconciled Cost Of Revenue | $11,371,733 | $6,490,377 | $5,884,669 | $14,184,236 |
| Cost Of Revenue | $11,371,733 | $6,490,377 | $5,884,669 | $14,205,341 |
| Total Revenue | $111,923,786 | $66,401,451 | $44,713,552 | $22,592,144 |
| Operating Revenue | $111,923,786 | $66,401,451 | $39,299,801 | $22,592,144 |
Expenses
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Interest Expense | $18,279,686 | $9,866,821 | $42,798 | $0 |
| Total Expenses | $110,079,793 | $41,288,623 | $9,911,956 | $21,655,029 |
| Other Income Expense | $-5,396,297 | $-5,337,749 | $-1,483,355 | $50,000 |
| Other Non Operating Income Expenses | $38,040 | $-146,443 | $-347,013 | $50,000 |
| Net Non Operating Interest Income Expense | $-15,880,995 | $-9,272,057 | $-41,324 | $11,500 |
| Interest Expense Non Operating | $18,279,686 | $9,866,821 | $42,798 | $0 |
| Operating Expense | $98,708,060 | $34,798,246 | $4,027,287 | $7,449,688 |
| Selling And Marketing Expense | $9,063,384 | $4,905,747 | $2,596,140 | $0 |
| General And Administrative Expense | $81,734,518 | $26,482,571 | $1,426,865 | $7,439,549 |
| Other Operating Expenses | - | - | - | $493,849 |
| Loss Adjustment Expense | - | - | - | $2,678,029 |
Income & Earnings
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Income From Continuing Operation Net Minority Interest | $-23,961,050 | $9,516,626 | $31,682,275 | $997,415 |
| Net Interest Income | $-15,880,995 | $-9,272,057 | $-41,324 | $11,500 |
| Interest Income | $2,398,691 | $594,764 | $1,474 | $11,500 |
| Normalized Income | $-19,667,924 | $13,981,149 | $32,568,622 | $997,415 |
| Net Income From Continuing And Discontinued Operation | $-23,961,050 | $9,516,626 | $31,682,275 | $997,415 |
| Total Operating Income As Reported | $-888,304 | $24,125,882 | $33,665,254 | $937,115 |
| Net Income Common Stockholders | $-23,961,050 | $9,516,626 | $31,682,275 | $997,415 |
| Net Income | $-23,961,050 | $9,516,626 | $31,682,275 | $997,415 |
| Net Income Including Noncontrolling Interests | $-24,918,037 | $9,034,487 | $32,386,974 | $997,415 |
| Net Income Continuous Operations | $-24,918,037 | $9,034,487 | $32,386,974 | $997,415 |
| Pretax Income | $-19,433,299 | $10,503,022 | $33,276,917 | $998,615 |
| Interest Income Non Operating | $2,398,691 | $594,764 | $1,474 | $11,500 |
| Operating Income | $1,843,993 | $25,112,828 | $34,801,596 | $937,115 |
| Depreciation Amortization Depletion Income Statement | $7,910,158 | $3,409,928 | $4,282 | $10,139 |
| Depreciation And Amortization In Income Statement | $7,910,158 | $3,409,928 | $4,282 | $10,139 |
| Gross Profit | $100,552,053 | $59,911,074 | $38,828,883 | $8,386,803 |
| Depreciation Income Statement | - | - | $12,165 | $10,139 |
Per Share Metrics
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Diluted EPS | $-0.34 | $0.16 | $0.63 | $0.02 |
| Basic EPS | $-0.34 | $0.17 | $0.63 | $0.02 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Tax Effect Of Unusual Items | $-1,141,211 | $-726,783 | $-249,995 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $12,190,882 | $28,971,077 | $34,460,339 | $1,029,859 |
| Total Unusual Items | $-5,434,337 | $-5,191,306 | $-1,136,342 | - |
| Total Unusual Items Excluding Goodwill | $-5,434,337 | $-5,191,306 | $-1,136,342 | - |
| Reconciled Depreciation | $7,910,158 | $3,409,928 | $4,282 | $31,244 |
| EBITDA (Bullshit earnings) | $6,756,545 | $23,779,771 | $33,323,997 | $1,029,859 |
| EBIT | $-1,153,613 | $20,369,843 | $33,319,715 | $998,615 |
| Diluted Average Shares | $70,761,830 | $57,767,898 | $50,369,350 | $50,369,350 |
| Basic Average Shares | $70,761,830 | $56,951,414 | $50,369,350 | $50,369,350 |
| Diluted NI Availto Com Stockholders | $-23,961,050 | $9,516,626 | $31,682,275 | $997,415 |
| Minority Interests | $956,987 | $482,139 | $-704,699 | $148,155 |
| Tax Provision | $5,484,738 | $1,468,535 | $889,943 | $1,200 |
| Gain On Sale Of Security | $-5,434,337 | $-5,191,306 | $-1,136,342 | - |
| Selling General And Administration | $90,797,902 | $31,388,318 | $4,023,005 | $7,439,549 |
| Other Gand A | $81,734,518 | $26,482,571 | $1,426,865 | $7,439,549 |
| Net Policyholder Benefits And Claims | - | - | - | $2,678,029 |
Balance Sheet (Annual)
Assets
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Tangible Assets | $106,069,510 | $-5,978,337 | $27,250,159 | $-214,071 |
| Total Assets | $874,164,752 | $331,826,067 | $59,094,847 | $5,291,997 |
| Total Non Current Assets | $714,600,106 | $300,049,233 | $25,811,920 | $1,756,808 |
| Other Non Current Assets | $1,851,845 | $998,945 | $7,246 | - |
| Non Current Accounts Receivable | $13,379,301 | - | $1,448 | $16,536 |
| Investmentin Financial Assets | $373,688,328 | $125,195,779 | $24,416,292 | $250,000 |
| Goodwill And Other Intangible Assets | $318,082,993 | $169,910,130 | $0 | $214,071 |
| Other Intangible Assets | $79,786,793 | $29,623,130 | $148,933 | $214,071 |
| Current Assets | $159,564,646 | $31,776,834 | $33,282,927 | $3,535,189 |
| Other Current Assets | $1,094,729 | $699,127 | $116,646 | $24,905 |
| Receivables | $26,525,635 | $3,236,148 | $3,113,458 | $630,371 |
| Taxes Receivable | $2,099,673 | $0 | - | - |
| Accounts Receivable | $22,898,900 | $2,228,620 | $208,812 | - |
| Cash Cash Equivalents And Short Term Investments | $131,944,282 | $27,841,559 | $30,052,823 | $2,599,302 |
| Cash And Cash Equivalents | $131,944,282 | $25,588,668 | $30,052,823 | $2,599,302 |
| Non Current Prepaid Assets | - | - | $206,873 | $206,640 |
| Prepaid Assets | - | - | $216,150 | $305,516 |
| Other Receivables | - | - | $122,455 | $40,000 |
Debt
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Net Debt | $248,873,818 | $114,231,846 | - | - |
| Total Debt | $385,913,855 | $141,735,299 | $28,327,048 | $367,508 |
| Long Term Debt And Capital Lease Obligation | $346,967,922 | $128,587,609 | $28,278,921 | $232,187 |
| Long Term Debt | $342,387,764 | $126,790,882 | $28,249,653 | - |
| Current Debt And Capital Lease Obligation | $38,945,933 | $13,147,690 | $48,127 | $135,321 |
| Current Debt | $38,430,336 | $13,029,632 | - | - |
| Other Current Borrowings | $38,430,336 | $13,029,632 | - | - |
Liabilities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Total Liabilities Net Minority Interest | $450,870,080 | $167,755,991 | $30,945,150 | $2,569,002 |
| Total Non Current Liabilities Net Minority Interest | $388,404,001 | $144,429,660 | $29,642,741 | $232,187 |
| Derivative Product Liabilities | $9,345,000 | $6,642,960 | $0 | - |
| Tradeand Other Payables Non Current | $5,312,214 | $0 | - | - |
| Non Current Deferred Liabilities | $26,778,865 | $9,199,091 | $1,363,820 | - |
| Non Current Deferred Taxes Liabilities | $26,778,865 | $9,199,091 | $1,363,820 | - |
| Current Liabilities | $62,466,079 | $23,326,331 | $1,302,409 | $2,336,815 |
| Other Current Liabilities | $14,423,925 | $3,400,734 | $42,227 | $150,128 |
| Current Deferred Liabilities | $2,473,543 | $507,000 | $0 | $1,678,791 |
| Payables And Accrued Expenses | $6,622,678 | $6,270,907 | $1,212,055 | $372,575 |
| Total Tax Payable | $0 | $751,734 | $0 | - |
| Income Tax Payable | $0 | $751,734 | $0 | - |
| Payables | - | $1,916,682 | $303,799 | $11,857 |
| Accounts Payable | - | $0 | $40,014 | $0 |
Equity
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Common Stock Equity | $424,152,503 | $163,931,793 | $27,250,159 | $2,722,995 |
| Total Equity Gross Minority Interest | $423,294,672 | $164,070,076 | $28,149,697 | $2,722,995 |
| Stockholders Equity | $424,152,503 | $163,931,793 | $27,250,159 | $0 |
| Gains Losses Not Affecting Retained Earnings | $0 | $108,373 | $1,052,836 | - |
| Retained Earnings | $-57,896,606 | $-34,726,135 | $25,487,323 | $2,638,995 |
| Other Equity Adjustments | - | $108,373 | $1,052,836 | - |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Treasury Shares Number | $1,048,226 | $146,650 | - | - |
| Ordinary Shares Number | $95,682,968 | $63,242,173 | $63,349,823 | $63,349,823 |
| Share Issued | $96,731,194 | $63,388,823 | $63,349,823 | $63,349,823 |
| Tangible Book Value | $106,069,510 | $-5,978,337 | $27,250,159 | $2,508,924 |
| Invested Capital | $804,970,603 | $303,752,307 | $55,499,812 | $2,722,995 |
| Working Capital | $97,098,567 | $8,450,503 | $31,980,518 | $1,198,374 |
| Capital Lease Obligations | $5,095,755 | $1,914,785 | $77,395 | $367,508 |
| Total Capitalization | $766,540,267 | $290,722,675 | $55,499,812 | $2,722,995 |
| Minority Interest | $-857,831 | $138,283 | $899,538 | $-148,155 |
| Treasury Stock | $12,025,137 | $1,283,062 | $0 | - |
| Additional Paid In Capital | $494,064,113 | $199,826,278 | $704,963 | $80,000 |
| Capital Stock | $10,133 | $6,339 | $5,037 | $0 |
| Common Stock | $10,133 | $6,339 | $5,037 | $0 |
| Long Term Capital Lease Obligation | $4,580,158 | $1,796,727 | $29,268 | $232,187 |
| Current Deferred Revenue | $2,473,543 | $507,000 | $0 | $1,678,791 |
| Current Capital Lease Obligation | $515,597 | $118,058 | $48,127 | $135,321 |
| Current Accrued Expenses | $6,622,678 | $4,354,225 | $908,256 | $360,718 |
| Dueto Related Parties Current | $0 | $1,164,948 | $263,785 | $11,857 |
| Duefrom Related Parties Non Current | $13,379,301 | $0 | $1,448 | $16,536 |
| Investments And Advances | $375,538,328 | $126,845,779 | $25,716,292 | $918,750 |
| Other Investments | $1,850,000 | $1,650,000 | $1,300,000 | $918,750 |
| Available For Sale Securities | $373,688,328 | $125,195,779 | $24,416,292 | $250,000 |
| Goodwill | $238,296,200 | $140,287,000 | $0 | - |
| Net PPE | $5,747,639 | $2,294,379 | $95,628 | $400,811 |
| Accumulated Depreciation | $-231,652 | $-69,762 | $-6,729 | $-65,938 |
| Gross PPE | $5,979,291 | $2,364,141 | $102,357 | $466,749 |
| Leases | $38,405 | $22,418 | $5,902 | $0 |
| Other Properties | $4,722,573 | $1,893,659 | $77,011 | $367,508 |
| Machinery Furniture Equipment | $1,218,313 | $448,064 | $19,444 | $99,241 |
| Properties | $0 | $0 | $0 | $0 |
| Duefrom Related Parties Current | $1,527,062 | $1,007,528 | $2,904,646 | $590,371 |
| Other Short Term Investments | $0 | $2,252,891 | $0 | - |
| Preferred Stock | - | $0 | $0 | - |
| Total Partnership Capital | - | - | $1,931,137 | $2,722,995 |
| General Partnership Capital | - | - | $80,000 | $80,000 |
| Limited Partnership Capital | - | - | $4,000 | $4,000 |
Cash Flow Statement (Annual)
Free Cash Flow
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | $-209,615,580 | $-64,234,058 | $10,693,254 | $1,116,099 |
Operating Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | $-208,810,444 | $-64,044,384 | $10,693,254 | $1,342,763 |
| Cash Flow From Continuing Operating Activities | $-208,810,444 | $-64,044,384 | $10,693,254 | $1,342,763 |
| Operating Gains Losses | $2,702,040 | $6,290,663 | - | - |
Investing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Capital Expenditure | $-805,136 | $-189,674 | $-79,099 | $-226,664 |
| Investing Cash Flow | $-4,955,290 | $2,241,502 | $-3,704,646 | $-241,528 |
| Cash Flow From Continuing Investing Activities | $-4,955,290 | $2,241,502 | $-3,704,646 | $-241,528 |
| Net Other Investing Changes | $-519,534 | $2,781,176 | $-2,904,646 | $-14,864 |
Financing Activities
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repurchase Of Capital Stock | $-10,742,075 | $-24,816,135 | $-6,400,000 | - |
| Issuance Of Capital Stock | $181,702,400 | $972,262 | $0 | - |
| Financing Cash Flow | $320,121,348 | $57,338,727 | $22,961,795 | $-354,577 |
| Cash Flow From Continuing Financing Activities | $320,121,348 | $57,338,727 | $22,961,795 | $-354,577 |
| Net Other Financing Charges | $-23,936,589 | $-16,761,611 | $-666,845 | $3,639 |
| Net Common Stock Issuance | $170,960,325 | $-23,843,873 | $-6,400,000 | - |
| Common Stock Issuance | $181,702,400 | $972,262 | $0 | - |
| Cash Dividends Paid | - | - | $-659,363 | $-358,216 |
| Common Stock Dividend Paid | - | - | $-659,363 | $-358,216 |
Other
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Repayment Of Debt | $-32,230,164 | $-26,250,000 | $0 | - |
| Issuance Of Debt | $198,475,570 | $124,194,211 | $30,028,640 | - |
| Interest Paid Supplemental Data | $11,615,613 | $4,035,526 | $0 | - |
| Income Tax Paid Supplemental Data | $2,146,846 | $150,000 | $0 | - |
| End Cash Position | $131,944,282 | $25,588,668 | $30,052,823 | $2,599,302 |
| Beginning Cash Position | $25,588,668 | $30,052,823 | $102,420 | $1,852,644 |
| Changes In Cash | $106,355,614 | $-4,464,155 | $29,950,403 | $746,658 |
| Proceeds From Stock Option Exercised | $6,852,206 | $0 | - | - |
| Common Stock Payments | $-10,742,075 | $-24,816,135 | $-6,400,000 | - |
| Net Issuance Payments Of Debt | $166,245,406 | $97,944,211 | $30,028,640 | - |
| Net Long Term Debt Issuance | $166,245,406 | $97,944,211 | $30,028,640 | - |
| Long Term Debt Payments | $-32,230,164 | $-26,250,000 | $0 | - |
| Long Term Debt Issuance | $198,475,570 | $124,194,211 | $30,028,640 | - |
| Net Investment Purchase And Sale | $-1,200,000 | $-350,000 | $-800,000 | $-250,000 |
| Purchase Of Investment | $-1,200,000 | $-350,000 | $-800,000 | $-250,000 |
| Net Business Purchase And Sale | $-2,430,620 | $0 | - | $-14,864 |
| Purchase Of Business | $-2,430,620 | $0 | - | - |
| Net Intangibles Purchase And Sale | $-18,900 | $0 | $-15,000 | $-226,664 |
| Purchase Of Intangibles | $-18,900 | $0 | $-15,000 | $-226,664 |
| Net PPE Purchase And Sale | $-786,236 | $-189,674 | $0 | $0 |
| Purchase Of PPE | $-786,236 | $-189,674 | $0 | $0 |
| Change In Working Capital | $-193,523,759 | $-69,728,812 | $-17,982,293 | $314,104 |
| Change In Other Working Capital | $1,966,543 | $-474,217 | $-1,356,641 | $610,541 |
| Change In Other Current Liabilities | $3,858,345 | $3,358,507 | $22,037 | $8,463 |
| Change In Other Current Assets | $-185,613,731 | $-74,190,551 | $-18,719,538 | $262,468 |
| Change In Payables And Accrued Expense | $2,209,151 | $3,633,289 | $948,270 | $-4,349 |
| Change In Accrued Expense | $1,285,716 | $2,921,569 | $908,256 | $-4,349 |
| Change In Payable | $923,435 | $711,720 | $40,014 | - |
| Change In Account Payable | $0 | $-40,014 | $40,014 | $0 |
| Change In Tax Payable | $-751,734 | $751,734 | $0 | - |
| Change In Income Tax Payable | $-751,734 | $751,734 | $0 | - |
| Change In Prepaid Assets | $-361,872 | $-62,994 | $-91,741 | $204,152 |
| Change In Receivables | $-15,582,195 | $-1,992,846 | $-141,321 | $-496,240 |
| Changes In Account Receivables | $-12,936,852 | $-1,992,846 | $-141,321 | - |
| Other Non Cash Items | $-50,653,645 | $-22,916,139 | $-5,651,275 | - |
| Stock Based Compensation | $43,435,215 | $10,768,024 | $0 | - |
| Unrealized Gain Loss On Investment Securities | $238,012 | $-1,369,112 | $1,045,623 | - |
| Deferred Tax | $5,999,572 | $466,577 | $889,943 | - |
| Deferred Income Tax | $5,999,572 | $466,577 | $889,943 | - |
| Depreciation Amortization Depletion | $7,910,158 | $3,409,928 | $4,282 | $31,244 |
| Depreciation And Amortization | $7,910,158 | $3,409,928 | $4,282 | $31,244 |
| Gain Loss On Investment Securities | $2,702,040 | $4,204,360 | - | - |
| Net Income From Continuing Operations | $-24,918,037 | $9,034,487 | $32,386,974 | $997,415 |
| Amortization Cash Flow | - | - | $80,138 | $12,593 |
| Amortization Of Intangibles | - | - | $80,138 | $12,593 |
| Depreciation | - | - | $25,184 | $18,651 |