Abacus Global Management, Inc. Reports First Quarter 2026 Results
Rhea-AI Summary
Abacus Global Management (NYSE: ABX) reported 1Q26 results with Total revenue $59.4M (+35% YoY) and GAAP net income $7.3M. Adjusted net income rose to $20.1M (+17%) and Adjusted EBITDA was $32.7M (+33.3%). Operating cash flow was $91.7M, improving by more than $153M YoY. Longevity income fund AUM grew nearly 4x to ~$1B. The company raised FY26 adjusted net income guidance to $100M–$106M and issued Q2 guidance of $24M–$26M; FY adjusted EPS guidance is $1.00–$1.05.
AI-generated analysis. Not financial advice.
Positive
- Total revenue +35% YoY to $59.4M
- Adjusted EBITDA +33.3% YoY to $32.7M
- Operating cash flow $91.7M, +$153M YoY improvement
- Longevity AUM nearly 4x YoY to ~ $1B
- Raised FY26 adjusted net income guidance to $100M–$106M
Negative
- Total outstanding debt $330.0M as of March 31, 2026
- Cash and cash equivalents $37.2M at quarter end
- Adjusted EBITDA margin slight decline to 55.0% (55.6% prior)
News Market Reaction – ABX
On the day this news was published, ABX declined 3.20%, reflecting a moderate negative market reaction. Argus tracked a peak move of +2.2% during that session. Argus tracked a trough of -17.0% from its starting point during tracking. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $30M from the company's valuation, bringing the market cap to $896.88M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
No peers from the Investment Advice / Insurance - Life group appeared in the momentum scanner; the +1.94% move in ABX looks company-specific around these earnings.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Mar 12 | Earnings results | Positive | -0.5% | Record Q4 and FY2025 results plus initial 2026 outlook and capital returns. |
The one recent earnings release with record results and guidance still saw a slight negative price reaction, indicating a tendency for muted or contrarian responses to earnings.
Over the past several months, Abacus has highlighted strong financial momentum, including record Q4 and full-year 2025 results with revenue of $235.2M and adjusted net income of $85.7M. That event also introduced a $96–$104M adjusted net income outlook for 2026, a $0.20 annual dividend, and a $20M buyback, yet shares slipped 0.51%. Today’s Q1 2026 update and raised guidance build directly on that prior trajectory.
Historical Comparison
In the last earnings release, strong FY2025 results and a new 2026 outlook saw a modest -0.51% move, suggesting historically muted reactions to earnings news for ABX.
Earnings updates progressed from record FY2025 results with initial 2026 outlook to Q1 2026 results accompanied by raised full-year guidance and new EPS guidance.
Market Pulse Summary
This announcement highlights stronger Q1 2026 performance, with revenue of $59.4M, adjusted net income of $20.1M, and operating cash flow of $91.7M, alongside raised full-year guidance to $100–$106M adjusted net income. Investors may compare these figures to prior FY2025 results and the initial 2026 outlook to gauge execution consistency, while monitoring origination volumes, longevity fund AUM growth toward $1B, and capital management actions such as repurchases.
Key Terms
adjusted net income financial
adjusted eps financial
adjusted ebitda financial
non-gaap financial
operating cash flow financial
aum financial
roic financial
roe financial
AI-generated analysis. Not financial advice.
~ Raises Full-Year 2026 Adjusted Net Income1 Guidance to
~ Issues Full-Year 2026 Adjusted EPS1 Guidance of
~ Generates
~ Longevity Income Funds AUM Grows Nearly 4x Year-Over-Year to Approximately
~ Adjusted Net Income1 Increases
ORLANDO, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services with a focus on longevity-based assets and personalized financial planning, today reported results for the first quarter ended March 31, 2026.
Jay Jackson, Chief Executive Officer of Abacus commented, “This quarter, the results reflect both the execution of our platform and the moment this asset class is having. Gross AUM reached approximately
First Quarter 2026 Highlights
| Metric | 1Q26 | 1Q25 | Note |
| Total Revenue | + | ||
| Origination capital deployment | + | ||
| GAAP net income | + | ||
| Operating Cash Flow | ( | + |
First Quarter 2026 Non-GAAP Highlights
| Metric | 1Q26 | 1Q25 | Note |
| Adjusted net income1 | + | ||
| Adjusted EPS (basic)1 | + | ||
| Adjusted EBITDA1 | + | ||
| Adjusted EBITDA margin1 | Maintains high margin level while growing the business |
First Quarter 2026 Efficiency Movers
| Metric | 1Q26 | 1Q25 | Note |
| Annualized ROIC1 | Maintained YoY | ||
| Annualized ROE1 | + | ||
| Annualized turnover ratio | 1.9x | 0.8x | Within long-term target of 1.5x to 2.0x |
| Average Realized Gain | Exceeds long-term target of |
First Quarter 2026 Capital Return Update
| Metric | 1Q26 | Note |
| Share repurchase program | Board approved additional repurchases of up to |
Other First Quarter 2026 Highlights
- On March 12, 2026, Abacus entered into a definitive agreement to acquire an approximately
$53 million minority equity stake in Manning & Napier, Inc., a diversified wealth and asset management firm with approximately$18 billion in total AUM. In connection with the investment, the parties will enter into a Strategic Alliance Agreement designed to drive product distribution, lead generation and referrals, and joint product development across the two platforms. The transaction is expected to close in Q2 2026, subject to customary closing conditions including regulatory approvals. - During Q1 2026, Abacus returned
100% of investor capital in its LMA Income II Fund at term, on time, and as promised, with approximately two-thirds of investors electing to re-commit or extend their investment. The successful capital return underscores the reliability of the Company’s fund structures and the growing institutional confidence in longevity-based investment products. - Following the quarter’s end, on April 17, 2026, Abacus announced several key leadership appointments: Alexei Solomon, CPA, Abacus’ Treasurer was elevated to also serve as our Chief Accounting Officer. Elena Plesco was named Abacus’ Chief Investment Officer. Samantha Butcher, President of Abacus Life Solutions, was elevated to an Executive Officer of Abacus. Bill McCauley, Abacus’ Chief Financial Officer was also appointed as Chief Operating Officer. Additionally, with the appointment of Mr. Solomon to the role of Chief Accounting Officer, Mr. McCauley stepped down from that role.
Liquidity and Capital
As of March 31, 2026, the Company had cash and cash equivalents of
Outlook
| Metric | FY26 | 2Q26 | Note |
| Adjusted net income1 | FY Implies | ||
| Adjusted EPS (basic)1 | First time EPS guidance; based on basic share count |
Webcast and Conference Call
A webcast and conference call to discuss the Company’s results will be held today, May 7, 2026, beginning at 5:00 p.m. (Eastern Time). A live webcast of the conference call will be available on Abacus’ investor relations website at ir.abacusgm.com. The dial-in number for the conference call is (833) 316-2483 (toll-free) or (785) 838-9284 (international) and participants must enter Conference ID “ABACUS” when joining. Please dial the number 10 minutes prior to the scheduled start time.
A webcast replay of the call will be available at ir.abacusgm.com for one year following the call.
Non-GAAP Financial Information
Adjusted Net Income, a non-GAAP financial measure, is defined as net income (loss) attributable to Abacus adjusted for non-controlling interest income, amortization, change in fair value of warrants and non-cash stock-based compensation and the related tax effect of those adjustments. Management believes that Adjusted Net Income is an appropriate measure of operating performance because it eliminates the impact of expenses that do not relate to business performance. A reconciliation of Adjusted Net Income to Net income attributable to Abacus, the most directly comparable GAAP measure, appears below.
The Company is unable to provide a comparable FY 2026 outlook for, or a reconciliation to net income because it cannot provide a meaningful or accurate calculation or estimation of certain reconciling items without unreasonable effort. Its inability to do so is due to the inherent difficulty in forecasting the timing of items that have not yet occurred and quantifying certain amounts that are necessary for such reconciliation, including variations in effective tax rate, expenses to be incurred for acquisition activities, and other one-time or exceptional items.
Adjusted EBITDA, a non-GAAP financial measure, is defined as net income (loss) attributable to Abacus adjusted for depreciation expense, amortization, interest expense, income tax and other non-cash and certain non-recurring items that in our judgement significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within Abacus’ control. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus, the most directly comparable GAAP measure, appears below.
Adjusted EBITDA margin, a non-GAAP financial measure, is defined as Adjusted EBITDA divided by Total revenues. A reconciliation of Adjusted EBITDA margin to Net income margin, the most directly comparable GAAP measure, appears below.
Annualized return on invested capital (“ROIC”), a non-GAAP financial measure, is defined as Adjusted Net Income for the quarter divided by the result of Total Assets less Intangible assets, net, Goodwill and Current Liabilities, multiplied by four. ROIC is not a measure of financial performance under GAAP. We believe ROIC should be considered in addition to, not as a substitute for, operating income or loss, net income or loss, cash flows provided by or used in operating, investing and financing activities or other income statement or cash flow statement line items reported in accordance with GAAP.
Annualized return on equity (“ROE”), a non-GAAP financial measure, is defined as Adjusted Net Income divided by total shareholder equity, multiplied by four. ROE is not a measure of financial performance under GAAP. We believe
ROE should be considered in addition to, not as a substitute for, operating income or loss, net income or loss, cash flows provided by or used in operating, investing and financing activities or other income statement or cash flow statement line items reported in accordance with GAAP. The below table presents our calculation of ROE.
Forward-Looking Statements
All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof; Abacus’s ability to successfully effect those strategies, and the expected results therefrom; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ”intend,” “anticipate,” “goals,” “prospects,” “will,” “would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).
While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the potential impact of our business relationships, including with our employees, customers and competitors; changes in general economic and business and conditions, including changes in the financial markets; political instability both in the U.S. and abroad, to include political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.
These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the U.S. Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.
Risk disclosure: All securities investing and trading activities risk the loss of capital. Investors should carefully review the offering documents and consult with their own legal, tax, and financial advisors regarding the suitability of investments.
About Abacus
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.
For more information, please visit www.abacusgm.com
Contacts:
Investor Relations
Robert F. Phillips – SVP Investor Relations and Corporate Affairs
rob@abacusgm.com
(321) 290-1198
David Jackson – Managing Director of Investor Relations
david@abacusgm.com
(321) 299-0716
Abacus Global Management Public Relations
press@abacusgm.com
ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEET
| March 31, | December 31, | ||||||
| 2026 (unaudited) | 2025 | ||||||
| ASSETS | |||||||
| CURRENT ASSETS: | |||||||
| Cash and cash equivalents | $ | 37,209,747 | $ | 38,112,332 | |||
| Accounts receivable | 12,260,137 | 18,082,473 | |||||
| Accounts receivable, related party | 13,297,909 | 9,320,103 | |||||
| Income taxes receivable | 96,223 | 411,055 | |||||
| Prepaid expenses and other current assets | 5,453,056 | 3,646,850 | |||||
| Total current assets | 68,317,072 | 69,572,813 | |||||
| Property and equipment, net | 1,621,754 | 1,597,896 | |||||
| Intangible assets, net | 63,284,242 | 66,360,444 | |||||
| Goodwill | 252,779,884 | 252,779,884 | |||||
| Operating right-of-use assets | 10,339,573 | 4,561,692 | |||||
| Management and performance fee receivable, related party | 14,509,188 | 14,800,140 | |||||
| Life settlement policies, at fair value | 392,770,863 | 468,857,929 | |||||
| Life settlement policies, at cost | 931,353 | 918,305 | |||||
| Available-for-sale securities, at fair value; net of allowance for credit losses of | 3,147,609 | 3,108,750 | |||||
| Other investments | 20,653,585 | 18,253,585 | |||||
| Other assets | 1,439,461 | 1,428,820 | |||||
| TOTAL ASSETS | $ | 829,794,584 | $ | 902,240,258 | |||
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY | |||||||
| CURRENT LIABILITIES: | |||||||
| Current portion of long-term debt, at fair value | $ | - | $ | 114,424,000 | |||
| Current portion of long-term debt | 1,500,000 | 1,500,000 | |||||
| Accrued expenses | 7,146,873 | 10,935,292 | |||||
| Current operating lease liabilities | 1,327,873 | 720,186 | |||||
| Contract liabilities, deposits on pending settlements | 766,528 | 169,184 | |||||
| Accrued transaction costs | 2,200,698 | 2,336,177 | |||||
| Other current liabilities | 14,092,882 | 15,853,016 | |||||
| Income taxes payable | 8,767,351 | 2,653,366 | |||||
| Total current liabilities | 35,802,205 | 148,591,221 | |||||
| Long-term debt, net | 275,802,521 | 275,780,392 | |||||
| Long-term debt, at fair value | 38,156,705 | - | |||||
| Long-term debt, related party | 14,541,873 | 14,114,199 | |||||
| Retrocession fees payable | 5,361,714 | 5,361,714 | |||||
| Noncurrent operating lease liabilities | 9,985,924 | 4,637,642 | |||||
| Deferred tax liability | 27,540,858 | 30,214,160 | |||||
| Warrant liability | - | - | |||||
| TOTAL LIABILITIES | 407,191,800 | 478,699,328 | |||||
| COMMITMENTS AND CONTINGENCIES (Note 12) | |||||||
| MEZZANINE EQUITY | |||||||
| Series A convertible preferred stock, | 5,000,000 | 5,000,000 | |||||
| TOTAL MEZZANINE EQUITY | 5,000,000 | 5,000,000 | |||||
| STOCKHOLDERS’ EQUITY | |||||||
| Preferred stock, | - | - | |||||
| Class A common stock, | 10,504 | 10,488 | |||||
| Treasury stock – at cost; 9,055,830 and 7,406,118 shares repurchased at March 31, 2026 and December 31, 2025, respectively | (70,262,583 | ) | (55,808,595 | ) | |||
| Additional paid-in capital | 522,314,870 | 515,971,485 | |||||
| Accumulated deficit | (34,460,007 | ) | (41,632,448 | ) | |||
| Noncontrolling interest | - | - | |||||
| TOTAL STOCKHOLDERS’ EQUITY | 417,602,784 | 418,540,930 | |||||
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $ | 829,794,584 | $ | 902,240,258 | |||
ABACUS GLOBAL MANAGEMENT, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
| Three Months Ended | |||||||
| March 31, | |||||||
| 2026 | 2025 | ||||||
| REVENUES: | |||||||
| Asset management | $ | 1,042,443 | $ | 748,389 | |||
| Asset management, related party | 7,416,701 | 7,024,688 | |||||
| Life solutions | 34,016,667 | 35,397,311 | |||||
| Life solutions, related party | 16,550,621 | 901,346 | |||||
| Technology services | 363,856 | 67,612 | |||||
| TOTAL REVENUES | 59,390,288 | 44,139,346 | |||||
| COST OF REVENUES (excluding depreciation and amortization stated below): | |||||||
| Cost of revenue (including stock-based compensation) | 6,307,385 | 7,108,407 | |||||
| GROSS PROFIT | 53,082,903 | 37,030,939 | |||||
| OPERATING EXPENSES: | |||||||
| Sales and marketing | 4,947,910 | 2,616,000 | |||||
| General and administrative (including stock-based compensation) | 25,872,125 | 12,263,786 | |||||
| (Gain) loss on change in fair value of debt | - | (3,362,103 | ) | ||||
| Unrealized loss (gain) on equity securities, at fair value | - | (272,254 | ) | ||||
| Depreciation and amortization expense | 3,934,086 | 4,758,546 | |||||
| TOTAL OPERATING EXPENSES | 34,754,121 | 16,003,975 | |||||
| OPERATING INCOME | 18,328,782 | 21,026,964 | |||||
| OTHER INCOME (EXPENSE): | |||||||
| Gain (loss) on change in fair value of warrant liability | - | (4,806,000 | ) | ||||
| Interest expense | (10,453,592 | ) | (9,618,330 | ) | |||
| Interest income | 663,223 | 1,175,001 | |||||
| Other (expense) income | 2,518,593 | (44,524 | ) | ||||
| TOTAL OTHER INCOME (EXPENSE) | (7,271,776 | ) | (13,293,853 | ) | |||
| NET INCOME BEFORE PROVISION FOR INCOME TAXES | 11,057,006 | 7,733,111 | |||||
| Income tax expense | 3,790,814 | 2,334,085 | |||||
| NET INCOME | 7,266,192 | 5,399,026 | |||||
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | - | 759,443 | |||||
| NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ | 7,266,192 | $ | 4,639,583 | |||
| EARNINGS (LOSS) PER SHARE: | |||||||
| Earnings per share - basic | $ | 0.07 | $ | 0.05 | |||
| Earnings per share - diluted | $ | 0.07 | $ | 0.05 | |||
| Weighted-average stock outstanding—basic | 96,775,889 | 96,193,199 | |||||
| Weighted-average stock outstanding—diluted | 99,545,644 | 97,498,923 | |||||
| NET INCOME | $ | 7,266,192 | $ | 5,399,026 | |||
| COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS | 7,266,192 | 5,399,026 | |||||
| Net and comprehensive income attributable to non-controlling interests | - | 759,443 | |||||
| COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ | 7,266,192 | $ | 4,639,583 | |||
ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME
| Three Months Ended March 31, | Three Months Ended March 31, | |||||||||||||||
| 2026 | 2025 | |||||||||||||||
| Gross | Estimated Tax [2] | Net | Gross | Estimated Tax [2] | Net | |||||||||||
| Net income (loss) attributable to Abacus Global Management | $ | 7,266,192 | $ | - | $ | 7,266,192 | $ | 4,639,583 | $ | - | $ | 4,639,583 | ||||
| Net income (loss) attributable to noncontrolling interests | - | - | - | 759,443 | - | 759,443 | ||||||||||
| Amortization expense | 3,824,053 | (969,206 | ) | 2,854,847 | 4,691,720 | (1,189,117 | ) | 3,502,603 | ||||||||
| Stock based compensation | 6,343,401 | (1,607,735 | ) | 4,735,666 | 2,355,395 | (596,975 | ) | 1,758,420 | ||||||||
| Business acquisition and project legal costs | 3,949,340 | (1,000,960 | ) | 2,948,380 | - | - | - | |||||||||
| Unrealized gain on investments | (5,400,000 | ) | 1,368,630 | (4,031,370 | ) | - | - | |||||||||
| Impairments on investments | 3,050,000 | (773,023 | ) | 2,276,977 | - | - | - | |||||||||
| Loss on change in fair value of warrant liability | - | - | - | 4,806,000 | (1,218,081 | ) | 3,587,919 | |||||||||
| Other | 103,561 | - | 103,561 | - | - | - | ||||||||||
| Tax impact[1] | 971,199 | - | 971,199 | - | - | - | ||||||||||
| Adjusted Net Income | $ | 20,107,746 | $ | (2,982,294 | ) | $ | 17,125,453 | $ | 17,252,141 | $ | (3,004,172 | ) | $ | 14,247,969 | ||
| Weighted-Average Stock Outstanding - Basic | 96,775,889 | 96,775,889 | 96,775,889 | 96,193,199 | 96,193,199 | 96,193,199 | ||||||||||
| Weighted-Average Stock Outstanding - Diluted | 99,545,644 | 99,545,644 | 99,545,644 | 97,498,923 | 97,498,923 | 97,498,923 | ||||||||||
| Adjusted EPS - Basic | $ | 0.21 | $ | (0.03 | ) | $ | 0.18 | $ | 0.18 | $ | (0.03 | ) | $ | 0.15 | ||
| Adjusted - Diluted | $ | 0.20 | $ | (0.03 | ) | $ | 0.17 | $ | 0.18 | $ | (0.03 | ) | $ | 0.15 | ||
| [1] Tax impact represents the permanent difference in tax expense related to the restricted stock awards granted to certain executives due to IRC 162(m) limitations. | ||||||||||||||||
| [2] The estimated tax is based on the net federal and state statutory rate. | ||||||||||||||||
| Note: Totals may not add up due to rounding. | ||||||||||||||||
ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA
| Three Months Ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| Net Income | $ | 7,266,192 | $ | 5,399,026 | ||||
| Depreciation and amortization expense | 3,934,086 | 4,758,546 | ||||||
| Income tax expense | 3,790,814 | 2,334,085 | ||||||
| Interest expense | 10,453,592 | 9,618,330 | ||||||
| Other (income) expense, net | (168,593 | ) | 44,524 | |||||
| Interest income | (663,223 | ) | (1,175,001 | ) | ||||
| Loss on change in fair value of warrant liability | - | 4,806,000 | ||||||
| Stock based compensation | 6,343,401 | 2,355,395 | ||||||
| Unrealized gain on investments | (5,400,000 | ) | - | |||||
| Impairments on investments | 3,050,000 | - | ||||||
| Business acquisition and project legal costs | 3,949,340 | - | ||||||
| Other | 103,561 | - | ||||||
| Unrealized gain on equity securities, at fair value | - | (272,254 | ) | |||||
| Change in fair value of debt | - | (3,362,103 | ) | |||||
| Adjusted EBITDA | $ | 32,659,170 | $ | 24,506,548 | ||||
| Total Revenue | $ | 59,390,288 | $ | 44,139,346 | ||||
| Adjusted EBITDA Margin % | 55 | % | 56 | % | ||||
| Net Income Margin % | 12 | % | 12 | % | ||||
ABACUS GLOBAL MANAGEMENT, INC.
RETURN ON INVESTED CAPITAL
| Three Months Ended | Three Months Ended | |||||||
| March 31, 2026 | March 31, 2025 | |||||||
| Total Assets | $ | 829,794,584 | $ | 856,509,285 | ||||
| Less: | ||||||||
| Intangible assets, net | (63,284,242 | ) | (75,110,105 | ) | ||||
| Goodwill | (252,779,884 | ) | (238,296,200 | ) | ||||
| Current Liabilities | (35,802,205 | ) | (130,800,422 | ) | ||||
| Total Invested Capital | $ | 477,928,253 | $ | 412,302,558 | ||||
| Adjusted Net income | $ | 20,107,746 | $ | 17,252,141 | ||||
| Adjusted Annualized ROIC | 17 | % | 17 | % | ||||
| ABACUS GLOBAL MANAGEMENT | ||||||||
| RETURN ON EQUITY | ||||||||
| Three Months Ended | Three Months Ended | |||||||
| March 31, 2026 | March 31, 2025 | |||||||
| Total Shareholder Equity | $ | 417,602,784 | $ | 430,579,026 | ||||
| Adjusted Net income | $ | 20,107,746 | $ | 17,252,141 | ||||
| Adjusted Annualized ROE | 19 | % | 16 | % | ||||
