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Abacus Global Management, Inc. (ABL) Financials

ABL
Trailing 12 months to March 31, 2026
Revenue $250.5M +86.1% YoY
Net Income $39.2M +317.8% YoY
EPS (Diluted) $0.36 FY2025 annual
Free Cash Flow $126.8M +146.3% YoY
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q1 FY2026, filed May 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ABL SEC filings page.

Abacus Global Management, Inc. (ABL) reported $250.5M in revenue over the twelve months to Mar 31, 2026, up 86.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI ABL FY2025

Revenue has scaled rapidly, but cash generation remains negative, leaving growth dependent on balance-sheet and financing decisions.

Earnings quality remains mixed: FY2025 reported net income of $36.5M, yet operating cash flow was negative $25.7M and free cash flow negative $26.6M. The gap means accounting profits are not currently translating into cash, even after the sharp recovery from FY2024's losses.

The business's margin structure changed sharply rather than moving uniformly: revenue more than doubled to $235.2M in FY2025, while gross margin eased from 89.8% to 87.7% but operating margin recovered from negative 0.8% to 37.7%. That pattern points to operating-cost absorption or a major cost-base shift, not simply higher pricing.

Liquidity is tighter than the income statement suggests: current assets of $69.6M were below current liabilities of $148.6M, producing a 0.5x current ratio. At the same time, debt-to-equity improved to 0.7x from 0.8x, while share repurchases and dividends used $63.3M in FY2025 despite negative free cash flow.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Abacus Global Management, Inc. does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Neutral
4/9

Abacus Global Management, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Abacus Global Management, Inc. used $0.70 of operating cash (-$25.7M OCF vs $36.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Interest Coverage Adequate
2.29x

Abacus Global Management, Inc. earns $2.29 in operating income for every $1 of interest expense ($88.8M vs $38.8M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

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Earnings & Revenue

Revenue
$59.4M
YoY+34.6%
QoQ-17.4%

Abacus Global Management, Inc. generated $59.4M in revenue in Q1 2026. This represents an increase of 34.6% from the same quarter a year earlier. Against the prior quarter it is down 17.4%.

EBITDA
$22.3M
YoY-13.7%
QoQ-17.7%

Abacus Global Management, Inc.'s EBITDA was $22.3M in Q1 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 13.7% from the same quarter a year earlier. Against the prior quarter it is down 17.7%.

Net Income
$7.3M
YoY+56.6%
QoQ+0.5%

Abacus Global Management, Inc. reported $7.3M in net income in Q1 2026. This represents an increase of 56.6% from the same quarter a year earlier. Against the prior quarter it is up 0.5%.

EPS (Diluted)
$0.07
YoY+40.0%

Abacus Global Management, Inc. earned $0.07 per diluted share (EPS) in Q1 2026. This represents an increase of 40.0% from the same quarter a year earlier.

Cash & Balance Sheet

Free Cash Flow
$91.6M
YoY+248.1%
QoQ+1312.3%

Abacus Global Management, Inc. generated $91.6M in free cash flow in Q1 2026, representing cash available after capex. This represents an increase of 248.1% from the same quarter a year earlier. Against the prior quarter it is up 1312.3%.

Cash & Debt
$37.2M
YoY-15.0%
QoQ-2.4%
5Y CAGR+159.3%

Abacus Global Management, Inc. held $37.2M in cash against $328.5M in long-term debt as of Q1 2026.

Shares Outstanding
97M
YoY-0.3%
QoQ-1.0%

Abacus Global Management, Inc. had 97M shares outstanding in Q1 2026. This represents a decrease of 0.3% from the same quarter a year earlier. Against the prior quarter it is down 1.0%.

Dividends Per Share

Not reported for Q1 2026.

Margins & Returns

Gross Margin
89.4%
YoY+5.5pp
QoQ+0.6pp

Abacus Global Management, Inc.'s gross margin was 89.4% in Q1 2026, indicating the percentage of revenue retained after direct costs. This is up 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.6 percentage points.

Operating Margin
30.9%
YoY-16.8pp
QoQ-0.9pp

Abacus Global Management, Inc.'s operating margin was 30.9% in Q1 2026, reflecting core business profitability. This is down 16.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.9 percentage points.

Net Margin
12.2%
YoY+1.7pp
QoQ+2.2pp

Abacus Global Management, Inc.'s net profit margin was 12.2% in Q1 2026, showing the share of revenue converted to profit. This is up 1.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.2 percentage points.

Return on Equity
1.7%
YoY+0.7pp
QoQ0.0pp

Abacus Global Management, Inc.'s ROE was 1.7% in Q1 2026, measuring profit generated per dollar of shareholder equity. This is up 0.7 percentage points from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Allocation

Share Buybacks
$14.5M
QoQ+160.9%

Abacus Global Management, Inc. spent $14.5M on share buybacks in Q1 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 160.9%.

Capital Expenditures
$134K
YoY-40.3%
QoQ+19.0%

Abacus Global Management, Inc. invested $134K in capex in Q1 2026, funding long-term assets and infrastructure. This represents a decrease of 40.3% from the same quarter a year earlier. Against the prior quarter it is up 19.0%.

R&D Spending

Not reported for Q1 2026.

ABL Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABL quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Revenue$59.4M+34.6%$71.9M+116.5%$63.0M+123.7%$56.2M+93.4%$44.1M+105.4%$33.2M+40.6%$28.1M+33.3%$29.1M+155.5%
Cost of Revenue$6.3M-11.3%$8.0M+116.1%$7.7M+249.9%$6.1M+120.7%$7.1M+161.3%$3.7M+123.7%$2.2M-35.0%$2.7M+181.9%
Gross Profit$53.1M+43.3%$63.9M+116.5%$55.3M+113.1%$50.2M+90.5%$37.0M+97.3%$29.5M+34.3%$26.0M+46.2%$26.3M+153.1%
SG&A Expenses$25.9M+111.0%$31.9M-20.9%$24.7M+59.5%$18.9M+30.0%$12.3M+8.0%$40.3M+162.5%$15.5M+57.4%$14.6M+2419.9%
Operating Income$18.3M-12.8%$22.8M+236.0%$22.4M+227.2%$22.5M+232.6%$21.0M+833.2%-$16.8M-970.0%$6.8M+8.7%$6.8M-19.1%
EBITDA$22.3M-13.7%$27.1M+292.9%$26.8M+212.0%$27.7M+225.1%$25.8M+555.3%-$14.0M-485.5%$8.6M+7.5%$8.5M+1.8%
Interest Expense$10.5M+8.7%$10.7M+82.3%$9.7M+130.9%$8.8M+93.2%$9.6M+162.0%$5.9M-6.2%$4.2M+57.4%$4.5M+675.4%
Income Tax$3.8M+62.4%$4.3M+54.7%$4.7M+1974.3%$4.1M+131.5%$2.3M+98.9%$2.8M+464.2%-$250K-114.6%$1.8M+48.4%
Net Income$7.3M+56.6%$7.2M+139.6%$7.1M+238.1%$17.6M+2183.6%$4.6M+444.0%-$18.3M-193.4%-$5.1M-667.3%$770K-88.6%
EPS (Basic)$0.07+40.0%N/A$0.07+200.0%$0.18+1700.0%$0.05+350.0%N/A-$0.07-800.0%$0.01-92.3%
EPS (Diluted)$0.07+40.0%N/A$0.07+200.0%$0.18+1700.0%$0.05+350.0%N/A-$0.07-800.0%$0.01-92.3%
Diluted Shares (Avg)100M+2.1%N/A97M+29.4%97M+45.0%97M+54.7%N/A75M+17.9%67M+33.0%

Not reported in any period shown, so not listed: R&D Expenses.

ABL Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABL quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$829.8M-3.1%$902.2M+3.2%$918.9M+92.5%$848.4M+75.3%$856.5M+127.4%$874.2M+163.4%$477.3M+56.9%$483.9M+74.5%
Current Assets$68.3M+11.2%$69.6M-56.4%$138.2M+348.6%$105.9M+4.2%$61.5M-17.3%$159.6M+402.1%$30.8M-22.1%$101.6M+215.6%
Cash & Equivalents$37.2M-15.0%$38.1M-71.1%$86.4M+345.2%$74.8M-18.1%$43.8M-33.1%$131.9M+415.6%$19.4M-47.0%$91.3M+343.1%
Accounts Receivable$12.3MN/AN/AN/AN/AN/AN/AN/A
Goodwill$252.8M+6.1%$252.8M+6.1%$249.0M+77.9%$238.9M+70.7%$238.3M+69.9%$238.3M+69.9%$139.9M-0.3%$139.9M-43.8%
Total Liabilities$407.2M-3.3%$478.7M+6.2%$479.3M+118.5%$426.8M+88.0%$420.9M+99.1%$450.9M+168.8%$219.4M+58.7%$227.0M+94.3%
Current Liabilities$35.8M-72.6%$148.6M+137.9%$148.4M+522.1%$140.2M+153.1%$130.8M+448.8%$62.5M+167.8%$23.9M+337.2%$55.4M+298.6%
Non-Current Liabilities$371.4M+28.0%$330.1M-15.0%$330.9M+69.3%$286.6M+67.0%$290.1M+54.7%$388.4M+168.9%$195.5M+47.3%$171.6M+66.7%
Long-Term Debt$328.5M$289.9M-15.3%$289.8MN/AN/A$342.4MN/AN/A
Total Equity$417.6M-3.0%$418.5M-1.1%$434.6M+68.5%$416.5M+62.2%$430.6M+160.4%$423.3M+158.0%$257.9M+55.3%$256.8M+60.0%
Retained Earnings-$34.5M+35.3%-$41.6M+28.1%-$28.9M+27.2%-$35.8M-3.6%-$53.3M-47.6%-$57.9M-66.7%-$39.6M-39.1%-$34.5M-17.5%

Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.

ABL Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABL quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Cash Flow$91.7M+248.9%-$7.4M+91.9%-$32.8M+37.4%$76.1M+213.5%-$61.6M-2549.6%-$92.0M-566.0%-$52.3M-340.5%-$67.1M-219.6%
Depreciation & Amortization$3.9M-17.3%$4.3M+56.0%$4.4M+152.1%$5.2M+196.2%$4.8M+182.9%$2.7M+59.5%$1.7M+3.0%$1.8M+159321.9%
Stock-Based Compensation$6.3M+169.3%N/AN/AN/A$2.4M-61.3%N/AN/AN/A
Capital Expenditures$134K-40.3%$112K-41.7%$172K-29.2%$423K+123.6%$224K+38.7%$193K+107.4%$243K+150.8%$189K
Free Cash Flow$91.6M+248.1%-$7.6M+91.8%-$32.9M+37.3%$75.7M+212.5%-$61.8M-2727.6%-$92.2M-562.9%-$52.5M-339.0%-$67.2M-220.5%
Investing Cash Flow-$932K+75.1%-$9.3M-145.5%-$236K+47.7%-$10.0M-2063.9%-$3.7M-1373.4%-$3.8M-1055.1%-$451K-104.7%-$462K+92.4%
Financing Cash Flow-$91.7M-301.1%-$31.6M-115.2%$44.6M+332.4%-$35.0M-137.5%-$22.9M-160.9%$208.3M+6665.1%-$19.2M-204.9%$93.5M+234.6%
Share Buybacks$14.5M$5.5M$3.2M$35.1M+989.3%$0-100.0%$0-100.0%$0$3.2M

Not reported in any period shown, so not listed: Dividends Paid.

ABL Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

ABL quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Gross Margin89.4%+5.5pp88.8%0.0pp87.8%-4.4pp89.2%-1.3pp83.9%-3.4pp88.8%-4.2pp92.2%+8.2pp90.6%-0.9pp
Operating Margin30.9%-16.8pp31.7%+82.2pp35.6%+11.2pp40.1%+16.8pp47.6%+37.1pp-50.5%-58.6pp24.3%-5.5pp23.3%-50.3pp
Net Margin12.2%+1.7pp10.1%+65.0pp11.2%+29.4pp31.3%+28.6pp10.5%+16.8pp-55.0%-28.6pp-18.2%-22.5pp2.6%-56.7pp
Return on Equity1.7%+0.7pp1.7%+6.0pp1.6%+3.6pp4.2%+3.9pp1.1%+1.9pp-4.3%-0.5pp-2.0%-2.5pp0.3%-3.9pp
Return on Assets0.9%+0.3pp0.8%+2.9pp0.8%+1.8pp2.1%+1.9pp0.5%+0.9pp-2.1%-0.2pp-1.1%-1.4pp0.2%-2.3pp
Current Ratio1.91+1.4x0.47-2.1x0.93-0.4x0.76-1.1x0.47-2.6x2.55+1.2x1.29-6.0x1.84-0.5x
Debt-to-Equity0.79-0.2x0.69-0.1x0.67-0.2x1.02+0.1x0.98-0.3x0.81-0.2x0.850.0x0.88+0.2x
Asset Turnover0.070.0x0.080.0x0.070.0x0.070.0x0.050.0x0.040.0x0.060.0x0.060.0x
FCF Margin154.2%-10.5%-52.3%134.6%-140.1%-277.5%-186.6%-231.3%

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: FCF Margin.

Note: The current ratio is below 1.0 (0.47), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Abacus Global Management, Inc. ABL FY2025 $235.2M $36.5M 15.5% $812.5M —
Citizens, Inc. CIA FY2025 $255.6M N/A N/A $171.2M 21/100
Brighthouse Financial, Inc. BHF FY2025 $6.8B $331.0M 4.9% $2.8B 5/100
Lincoln National Corp. LNC FY2025 $18.2B $1.2B 6.5% $7.8B 19/100
Jackson Financial Inc. JXN FY2025 $6.7B -$17.0M -0.3% $8.9B 8/100
F&G Annuities & Life, Inc. FG FY2025 $5.7B $248.0M 4.3% $2.5B 9/100

Frequently Asked Questions

What is Abacus Global Management, Inc.'s annual revenue?

Abacus Global Management, Inc. (ABL) reported $235.2M in total revenue for fiscal year 2025. This represents a 110.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Abacus Global Management, Inc.'s revenue growing?

Abacus Global Management, Inc. (ABL) revenue grew by 110.2% year-over-year, from $111.9M to $235.2M in fiscal year 2025.

Is Abacus Global Management, Inc. profitable?

Yes, Abacus Global Management, Inc. (ABL) reported a net income of $36.5M in fiscal year 2025, with a net profit margin of 15.5%.

Abacus Global Management, Inc. (ABL) reported diluted earnings per share of $0.36 for fiscal year 2025. This represents a 205.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Abacus Global Management, Inc. (ABL) had EBITDA of $107.4M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Abacus Global Management, Inc. (ABL) had $38.1M in cash and equivalents against $289.9M in long-term debt.

Abacus Global Management, Inc. (ABL) had a gross margin of 87.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Abacus Global Management, Inc. (ABL) had an operating margin of 37.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Abacus Global Management, Inc. (ABL) had a net profit margin of 15.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Abacus Global Management, Inc. (ABL) has a return on equity of 8.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Abacus Global Management, Inc. (ABL) recorded an outflow of $26.6M in free cash flow during fiscal year 2025. This represents a 87.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Abacus Global Management, Inc. (ABL) recorded an outflow of $25.7M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Abacus Global Management, Inc. (ABL) had $902.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Abacus Global Management, Inc. (ABL) invested $931K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, Abacus Global Management, Inc. (ABL) spent $43.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Abacus Global Management, Inc. (ABL) had 97M shares outstanding as of fiscal year 2025.

Abacus Global Management, Inc. (ABL) had a current ratio of 0.47 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Abacus Global Management, Inc. (ABL) had a debt-to-equity ratio of 0.69 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Abacus Global Management, Inc. (ABL) had a return on assets of 4.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Abacus Global Management, Inc. (ABL) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

For every $1 of reported earnings, Abacus Global Management, Inc. (ABL) used $0.70 of operating cash (-$25.7M OCF vs $36.5M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Abacus Global Management, Inc. (ABL) has an interest coverage ratio of 2.29x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

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