Abacus Global Management, Inc. ABX

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived NYSE

Abacus Global Management, Inc. ("we," "us," "our," the "Company," or "Abacus") was formerly known as Abacus Life, Inc. and East Resources Acquisition Company ("ERES"). The Company was initially organized as ERES, a blank check company incorporated in Delaware on May 22, 2020. On June 30, 2023, we completed a business combination by and between Abacus Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of ERES ("Abacus Merger Sub"), Longevity Market Assets, LLC, a Florida limited liability company ("LMA"), and Abacus Settlements, LLC, a Florida limited liability company ("Abacus Settlements" and, together with LMA, the "Companies"), pursuant to which (i) LMA Merger Sub merged with and into LMA, with LMA surviving and (ii) Abacus Merger Sub merged with and into Abacus, with Abacus

Last close 8.30 2026-10-23
Market cap $811.7M 2026-06-30 share count
52-week range 7.17 - 12.44

Valuation FY2025 figures against the last close

P/S3.5x
P/E23.1x
P/FCF—
EV/EBITDA11.0x
Dividend yield2.4%
Diluted EPS0.36

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Luxembourg
  • Other
Revenue by geography, 3 categories over 2 years. The same figures are in the table below. FY2025 United States, FY2025: 202.4M (86.0%) 86% United States Luxembourg, FY2025: 29.9M (12.7%) 13% Luxembourg Other, FY2025: 2.9M (1.3%) FY2024 United States, FY2024: 97.6M (87.2%) 87% Luxembourg, FY2024: 10.4M (9.3%) 9% Other, FY2024: 3.9M (3.5%) 4%
Region FY2025FY2024
United States $202.4M $97.6M
Luxembourg $29.9M $10.4M
Other $2.9M $3.9M

As the company reported it, from the “SEGMENT REPORTING - Revenue by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Revenue $235.2M$111.9M$66.4M$44.7M——
Cost of revenue $28.9M$11.4M$6.5M$5.9M——
Gross profit $206.4M$100.6M$59.9M$38.8M——
SG&A $87.8M$81.7M$26.5M$1.4M——
Total operating expenses $117.6M$101.4M$35.8M$5.2M——
Operating income $88.8M-$888.3K$24.1M$33.7M——
Interest expense $38.8M$18.3M$9.9M$42.8K——
Pre-tax income $52.0M-$18.5M$11.0M-$591.1K$15.8M—
Income tax $15.4M$5.5M$1.5M$889.9K——
Net income $36.5M-$24.0M$9.5M$31.7M$15.8M—
EPS, basic 0.38-0.340.170.63——
EPS, diluted 0.36-0.340.160.63——
Shares, diluted (wtd. avg.) 99.2M70.8M57.8M50.4M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Cash and equivalents $38.1M$131.9M$25.6M$30.1M$102.4K—
Total current assets $69.6M$159.6M$31.8M$33.3M$944.8K$824.4K
Property, plant and equipment $1.6M$1.0M$400.7K$18.6K——
Goodwill $252.8M$238.3M$140.3M$0——
Other intangibles $66.4M$79.8M$29.6M$0——
Total assets $902.2M$874.2M$331.8M$59.1M$346.0M$345.9M
Accounts payable ——$0$40.0K——
Short-term debt $115.9M$38.4M$0$0——
Total current liabilities $148.6M$62.5M$23.3M$1.3M——
Long-term debt $289.9M$342.4M————
Total liabilities $478.7M$450.9M$167.8M$30.9M$29.2M$44.9M
Retained earnings -$41.6M-$57.9M-$34.7M$25.5M-$28.3M-$44.1M
Total equity $418.5M$423.3M$164.1M$28.1M$766.9K-$44.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020
Operating cash flow -$25.7M-$208.8M-$64.0M$10.7M-$1.2M—
Depreciation and amortisation $18.6M$7.9M$3.4M$4.3K——
Stock-based compensation $15.5M$43.4M$10.8M$0$0—
Capital expenditure $931.4K$786.2K$189.7K$0——
Investing cash flow -$23.3M-$5.0M$2.2M-$3.7M——
Financing cash flow -$44.9M$320.1M$57.3M$23.0M$1.5M—
Dividends paid $19.6M$0————
Buybacks $43.8M$10.7M$1.3M$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-026261.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100M 0 100M 200M 300M Net income, FY2021: 15.8M Revenue, FY2022: 44.7M Gross profit, FY2022: 38.8M Net income, FY2022: 31.7M Revenue, FY2023: 66.4M Gross profit, FY2023: 59.9M Net income, FY2023: 9.5M Revenue, FY2024: 111.9M Gross profit, FY2024: 100.6M Net income, FY2024: -24M Revenue, FY2025: 235.2M Gross profit, FY2025: 206.4M Net income, FY2025: 36.5M FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — $44.7M $66.4M $111.9M $235.2M
Gross profit — — $38.8M $59.9M $100.6M $206.4M
Net income — $15.8M $31.7M $9.5M -$24.0M $36.5M

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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