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Home > Insurance Companies > Insurance News > Abacus Global Management Reports Fourth Quarter and Full Year 2025 Results

Abacus Global Management Reports Fourth Quarter and Full Year 2025 Results

Posted on: March 12, 2026 By: Insurance Updates

~ Company Delivers Another Record Quarter, Beating Average Consensus by 20% ~

~ Marks 11 Consecutive Quarters of Strong Earnings Growth ~

~ Fourth Quarter and Full Year 2025 Revenue Up Over 100% Year-Over-Year ~

~ Full Year 2025 GAAP Net Income of $36.5 Million; Adjusted Net Income of $85.7 Million ~

~ Initiates Full Year 2026 Outlook for Adjusted Net Income to Between $96 and $104 Million ~

~ Outlines Long-Term Strategic Growth Targets ~

ORLANDO, Fla., March 12, 2026 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a leader in the alternative asset management industry, today reported results for the fourth quarter and full year ended December 31, 2025.

Jay Jackson, Chief Executive Officer of Abacus commented, “We closed the year by delivering another strong quarter, achieving eleven consecutive quarters beating consensus. Quarter after quarter, we hit our guidance, exceeded expectations, expanded margins, and grew our asset base to approximately $3.6 billion—all while executing disciplined capital allocation with ROE and ROIC above 20%. Real results consistently delivered, not aspirations. This track record should give shareholders confidence as we lay out our 5-year path to becoming a mid-cap company operating at approximately $450 million in Adjusted EBITDA at scale, with recurring revenue representing 70% of our total revenue mix.”

Fourth Quarter 2025 Highlights

  • Total revenue for the fourth quarter grew 116% to $71.9 million, compared to $33.2 million in the prior-year period. The increase was driven by a $32.9 million increase in Life Solutions revenue, a $5.6 million increase in Asset Management revenue, and a $235 thousand increase in Technology Services revenue.
  • Origination capital deployment continued to expand, increasing by 82% for the quarter to $230.7 million, compared to $126.5 million in the prior-year period.
  • GAAP net income attributable to shareholders was $7.2 million, compared to GAAP net loss of $18.3 million in the prior-year period. The increase was primarily driven by an increase in Life Solutions and Asset Management revenue and a decrease in operating expenses, partially offset by an increase in interest expenses and depreciation and amortization expenses.
  • Adjusted net income (a non-GAAP financial measure) increased 71% year-over-year to $23.0 million compared to $13.4 million in the prior year period. Adjusted diluted earnings per share for the fourth quarter of 2025 was $0.23, compared to $0.16 in the prior-year period.
  • Adjusted EBITDA (a non-GAAP financial measure) for the fourth quarter of 2025 increased 132% to $38.6 million, compared to $16.6 million in the prior-year period. Adjusted EBITDA margin (a non-GAAP financial measure) for the fourth quarter of 2025 was 54%, compared to 50.0% in the prior-year period.
  • Annualized return on invested capital (ROIC) (a non-GAAP financial measure) for the fourth quarter of 2025 was 21%, compared to 11% in the prior year period.
  • Annualized Return on equity (ROE) (a non-GAAP financial measure) for the fourth quarter of 2025 was 22%, compared to 13% in the prior year period.
  • Annualized Turnover Ratio (a non-GAAP financial measure) for the fourth quarter of 2025 was 2.6x, driven by meaningful capital inflows into our longevity-based funds and execution of our first securitization, exceeding the long-term target of 1.5x to 2.0x. This compares to the 2.0x Turnover Ratio reported in the third quarter of 2025.
  • Average Realized Gain (a non-GAAP financial measure) for the fourth quarter of 2025 was 27%. This compares to 37% in the third quarter of 2025.
  • Completed a strategic acquisition of AccuQuote that broadens Abacus’ financial services capabilities and strengthens its ability to deliver integrated protection, wealth accumulation, and preservation solutions across the client lifecycle.
  • Enhanced shareholder returns through the approval of an inaugural annual cash dividend of $0.20 per share and authorization of a $20 million share repurchase program, reflecting confidence in Abacus’ long-term business model, recurring earnings, and capital strength.
  • Completed the transfer of its Class A common stock listing to the New York Stock Exchange (“NYSE”), with shares now trading under the ticker symbol “ABX,” enhancing Abacus’ visibility among institutional investors and supporting long-term shareholder value creation.

Full Year 2025 Highlights

  • Full year 2025 total revenues grew 110% to $235.2 million, compared to $111.9 million in the prior year, primarily driven by a $30.2 million increase in Asset Management revenue, $92.4 million increase in Life Solutions revenue, as well as a $684 thousand increase in Technology Services revenue.
  • Originations capital deployment for the full year 2025 was $580.8 million, an increase of 53% from the prior year; number of policy originations grew 26% to 1,310, compared to 1,034 in the prior year.
  • GAAP net income attributable to shareholders for the full year 2025 was $36.5 million, compared to net GAAP loss of $23.9 million in the prior year.
  • Adjusted net income (a non-GAAP financial measure) for the full year 2025 increased 84% to $85.7 million, compared to $46.5 million in the prior year. Adjusted diluted earnings per share for the full year 2025 was $0.86, compared to $0.66 in the prior-year period.
  • Adjusted EBITDA for the full year 2025 grew 115% to $132.6 million, compared to $61.6 million in the prior year. Adjusted EBITDA margin (a non-GAAP measure) for the full year 2025 was 56.0%, compared to 55.0% in the prior year.
  • Return on invested capital (ROIC) (a non-GAAP measure defined below) for the full year 2025 was 20%, compared to 15% for the full year 2024.
  • Return on equity (ROE) (a non-GAAP measure defined below) for the full year 2025 was 20%, compared to 17% for the full year 2024.

Liquidity and Capital

As of December 31, 2025, the Company had cash and cash equivalents of $38.1 million, balance sheet policy assets of $469.8 million and total outstanding debt, net of deferred discount and debt financing costs, of $405.8 million.

Outlook

The Company is initiating its full year 2026 outlook for Adjusted net income to between $96 million and $104 million. The range implies growth of up to 22% compared to full year 2025 Adjusted net income of $85.7 million.

In addition, the Q4 & FY 2025 Earnings Presentation, accessible on the Financial Results section of the website, outlines the Company’s long-term strategic growth targets.

For a definition of Adjusted net income, see “Non-GAAP Financial Information” below.

Webcast and Conference Call

A webcast and conference call to discuss the Company’s results will be held today, March 12, 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 (844) 826-3033 (toll-free) or (412) 317-5185 (international). 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 Life, 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. 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 ‎fact that Abacus’s loss reserves are bases on estimates and may be inadequate to cover ‎its actual losses; the failure to properly price Abacus’s insurance policies; the ‎geographic concentration of Abacus’s business; the cyclical nature of Abacus’s industry; the ‎impact of regulation on Abacus’s business; the effects of competition on Abacus’s business; the failure of ‎Abacus’s relationships with independent agencies; the failure to meet Abacus’s investment ‎objectives; the inability to raise capital on favorable terms or at all; the ‎effects of acts of terrorism; 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. Readers are cautioned not to put undue reliance on forward-looking statements, and 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, financial advisors regarding the suitability of investments.

About Abacus

Abacus Global Management (NYSE: ABX) is a leading 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 SHEETS
       
  December 31,   December 31,
  2025     2024  
   
ASSETS      
CURRENT ASSETS:      
Cash and cash equivalents $ 38,112,332     $ 131,944,282  
   Accounts receivable   18,082,473       15,785,531  
Accounts receivable, related party   9,320,103       7,113,369  
   Income taxes receivable   411,055       2,099,673  
Prepaid expenses and other current assets   3,646,850       2,621,791  
          Total current assets   69,572,813       159,564,646  
Property and equipment, net   1,597,896       1,025,066  
   Intangible assets, net   66,360,444       79,786,793  
Goodwill   252,779,884       238,296,200  
   Operating right-of-use assets   4,561,692       4,722,573  
Management and performance fee receivable, related party   14,800,140       13,379,301  
   Life settlement policies, at fair value   468,857,929       370,398,447  
Life settlement policies, at cost   918,305       1,083,977  
   Available-for-sale securities, at fair value   3,108,750       2,205,904  
Other investments   18,253,585       1,850,000  
Other assets   1,428,820       1,851,845  
TOTAL ASSETS $ 902,240,258     $ 874,164,752  
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY      
CURRENT LIABILITIES:      
Current portion of long-term debt, at fair value $ 114,424,000     $ 37,430,336  
Current portion of long-term debt   1,500,000       1,000,000  
Accrued expenses   10,935,292       6,139,472  
Current operating lease liabilities   720,186       515,597  
Contract liabilities, deposits on pending settlements   169,184       2,473,543  
Accrued transaction costs   2,336,177       483,206  
Other current liabilities   15,853,016       14,423,925  
Income taxes payable   2,653,366       –  
Total current liabilities   148,591,221       62,466,079  
Long-term debt, net   275,780,392       224,742,029  
Long-term debt, at fair value   –       105,120,100  
Long-term debt, related party   14,114,199       12,525,635  
Retrocession fees payable   5,361,714       5,312,214  
Noncurrent operating lease liabilities   4,637,642       4,580,158  
Deferred tax liability   30,214,160       26,778,865  
Warrant liability   –       9,345,000  
TOTAL LIABILITIES   478,699,328       450,870,080  
COMMITMENTS AND CONTINGENCIES (Note 12)      
MEZZANINE EQUITY      
Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 issued and outstanding   5,000,000       –  
TOTAL MEZZANINE EQUITY   5,000,000       –  
STOCKHOLDERS’ EQUITY      
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 issued and outstanding   –       –  
Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 104,879,752 and 96,731,194 shares issued at December 31, 2025 and 2024, respectively   10,488       10,133  
Treasury stock – at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively   (55,808,595 )     (12,025,137 )
Additional paid-in capital   515,971,485       494,064,113  
Accumulated deficit   (41,632,448 )     (57,896,606 )
Noncontrolling interest   –       (857,831 )
TOTAL STOCKHOLDERS’ EQUITY   418,540,930       423,294,672  
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY $ 902,240,258     $ 874,164,752  
       

ABACUS GLOBAL MANAGEMENT, INC
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
               
               
  Three Months Ended   Year Ended
December 31, December 31,
    2025       2024       2025       2024  
REVENUES:              
Asset management $ 1,002,986     $ 545,502     $ 4,176,718     $ 722,317  
Asset management, related party   7,673,651       2,528,939       29,668,675       2,891,333  
Life solutions   51,112,836       26,791,738       163,172,600       104,964,306  
Life solutions, related party   11,840,144       3,312,202       37,502,458       3,312,202  
Technology services   268,897       33,628       717,185       33,628  
TOTAL REVENUES   71,898,514       33,212,009       235,237,636       111,923,786  
COST OF REVENUES (excluding depreciation and amortization stated below):              
Cost of revenue (including stock-based compensation)   8,039,285       3,719,321       28,858,034       11,371,733  
GROSS PROFIT   63,859,229       29,492,688       206,379,602       100,552,053  
OPERATING EXPENSES:              
Sales and marketing   4,898,654       2,411,442       14,582,253       9,063,384  
General and administrative (including stock-based compensation)   31,900,542       40,338,172       87,796,971       81,734,518  
(Gain) loss on change in fair value of debt   –       799,024       (3,362,103 )     4,835,351  
Unrealized loss (gain) on equity securities, at fair value   –       1,458,173       –       238,012  
Realized gain on equity securities, at fair value   –       (1,484,322 )     –       (2,341,066 )
Depreciation and amortization expense   4,262,403       2,732,373       18,605,114       7,910,158  
TOTAL OPERATING EXPENSES   41,061,599       46,254,862       117,622,235       101,440,357  
OPERATING INCOME   22,797,630       (16,762,174 )     88,757,367       (888,304 )
OTHER INCOME (EXPENSE):              
Gain (loss) on change in fair value of warrant liability   –       5,785,000       (1,704,193 )     (2,702,040 )
Interest expense   (10,684,990 )     (5,861,740 )     (38,793,937 )     (18,279,686 )
Interest income   870,070       727,863       3,860,997       2,398,691  
Other (expense) income   (1,418,682 )     (94,570 )     625,839       38,040  
TOTAL OTHER INCOME (EXPENSE)   (11,233,602 )     556,553       (36,011,294 )     (18,544,995 )
NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES   11,564,028       (16,205,621 )     52,746,073       (19,433,299 )
Income tax expense (benefit)   4,337,379       2,803,883       15,434,121       5,484,738  
NET INCOME (LOSS)   7,226,649       (19,009,504 )     37,311,952       (24,918,037 )
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST   –       (752,271 )     786,683       (956,987 )
NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,226,649     $ (18,257,233 )   $ 36,525,269     $ (23,961,050 )
               
EARNINGS (LOSS) PER SHARE:              
Earnings (loss) per share – basic $ 0.07     $ (0.22 )   $ 0.38     $ (0.34 )
Earnings (loss) per share – diluted $ 0.07     $ (0.22 )   $ 0.36     $ (0.34 )
Weighted-average stock outstanding—basic   97,712,457       81,784,013       96,141,753       70,761,830  
Weighted-average stock outstanding—diluted   100,160,911       81,784,013       99,230,950       70,761,830  
               
NET INCOME (LOSS) $ 7,226,649     $ (19,009,504 )   $ 37,311,952     $ (24,918,037 )
Other comprehensive income (loss), net of tax or tax benefit:              
Change in fair value of debt (risk adjusted)   –       (46,744 )     –       (158,579 )
Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff   –       –       –       11,079  
COMPREHENSIVE INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS   7,226,649       (19,056,248 )     37,311,952       (25,065,537 )
Net and comprehensive (loss) income attributable to non-controlling interests   –       (766,294 )     786,683       (996,114 )
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,226,649     $ (18,289,954 )   $ 36,525,269     $ (24,069,423 )
               


ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME 
               
  Three Months Ended December 31,   Three Months Ended December 31,   Year Ended December 31,   Year Ended December 31,
      2025           2024           2025           2024    
  Gross Estimated Tax [2] Net   Gross Estimated Tax [2] Net   Gross Estimated Tax [2] Net   Gross Estimated Tax [2] Net
Net income (loss) attributable to Abacus Global Management $ 7,226,649   $ 7,226,649   $ (18,257,233 ) $ –   $ (18,257,233 )   $ 36,525,269 $ –   $ 36,525,269     $ (23,961,050 ) $ –   $ (23,961,050 )
Net income (loss) attributable to noncontrolling interests   –   –     –     (752,271 )   –     (752,271 )     786,683   –     786,683       (956,987 )   –     (956,987 )
Stock based compensation   5,149,800   (1,305,217 )   3,844,583     24,760,007     (6,275,424 )   18,484,583       15,519,382   (3,933,388 )   11,585,994       43,435,215     (11,008,656 )   32,426,559  
Business acquisition and project legal costs   5,772,287   (1,462,986 )   4,309,301     5,129,947     (1,300,185 )   3,829,762       11,788,498   (2,987,795 )   8,800,703       8,403,065     (2,129,757 )   6,273,308  
Amortization expense   3,990,488   (1,011,389 )   2,979,098     2,676,144     (678,269 )   1,997,875       17,335,728   (4,393,741 )   12,941,987       7,748,269     (1,963,799 )   5,784,470  
Impairments on Investments   622,787   (157,845 )   464,942     –     –     –       1,245,575   (315,691 )   929,884       –     –     –  
(Gain) loss on change in fair value of warrant liability   –   –     –     (5,785,000 )   1,466,208     (4,318,792 )     1,704,193   (431,928 )   1,272,265       2,702,040     (684,832 )   2,017,208  
Tax impact [1]   206,240   –     206,240     5,632,379     –     5,632,379       755,305   –     755,305       9,151,161     –     9,151,161  
Adjusted Net Income  $ 22,968,251 $ (3,937,438 ) $ 19,030,813   $ 13,403,973   $ (6,787,670 ) $ 6,616,303     $ 85,660,633 $ (12,062,542 ) $ 73,598,090     $ 46,521,713   $ (15,787,044 ) $ 30,734,669  
 Weighted-Average Stock Outstanding – Basic   97,712,457   97,712,457     97,712,457     81,784,013     81,784,013     81,784,013       96,141,753   96,141,753     96,141,753       70,761,830     70,761,830     70,761,830  
 Weighted-Average Stock Outstanding – Diluted   100,160,911   100,160,911     100,160,911     81,784,013     81,784,013     81,784,013       99,230,950   99,230,950     99,230,950       70,761,830     70,761,830     70,761,830  
 Adjusted EPS – Basic $ 0.24 $ (0.04 ) $ 0.20   $ 0.16   $ (0.08 ) $ 0.08     $ 0.89 $ (0.13 ) $ 0.76     $ 0.66   $ (0.22 ) $ 0.44  
 Adjusted – Diluted $ 0.23 $ (0.04 ) $ 0.19   $ 0.16   $ (0.08 ) $ 0.08     $ 0.86 $ (0.12 ) $ 0.74     $ 0.66   $ (0.22 ) $ 0.44  
[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.
                               

ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA 
                 
    Three Months Ended December 31,   Year Ended December 31,
      2025       2024       2025       2024  
Net Income (Loss)     7,226,649     $ (19,009,504 )     37,311,952     $ (24,918,037 )
Depreciation and amortization expense     4,262,403       2,732,373       18,605,114       7,910,158  
Income tax expense (benefit)     4,337,379       2,803,883       15,434,121       5,484,738  
Interest expense     10,684,990       5,861,740       38,793,937       18,279,686  
Other expense (income)     1,418,682       94,570       (625,839 )     (38,040 )
Interest income     (870,070 )     (727,863 )     (3,860,997 )     (2,398,691 )
(Gain) loss on change in fair value of warrant liability     –       (5,785,000 )     1,704,193       2,702,040  
Stock based compensation     5,149,800       24,760,007       15,519,382       43,435,215  
Impairments on Investments     622,787       –       1,245,575       –  
Business acquisition and project legal costs     5,772,287       5,129,947       11,788,498       8,403,065  
Realized and Unrealized gain on investments     –       (26,149 )     –       (2,103,054 )
Change in fair value of debt     –       799,024       (3,362,103 )     4,835,351  
Adjusted EBITDA   $ 38,604,907     $ 16,633,028     $ 132,553,833     $ 61,592,431  
Total Revenue   $ 71,898,514     $ 33,212,009     $ 235,237,636     $ 111,923,786  
Adjusted EBITDA Margin %     54 %     50 %     56 %     55 %
Net Income Margin %     10 %     (57 %)     16 %     (22 %)
                 


ABACUS GLOBAL MANAGEMENT  
RETURN ON INVESTED CAPITAL  
               
               
    Three Months Ended Three Months Ended   For the Year Ended For the Year Ended  
    December 31, 2025 December 31, 2024   December 31, 2025 December 31, 2024  
Total Assets $ 902,240,258   $ 874,164,752     $ 902,240,258   $ 553,012,056   [1]
Less:              
          Intangible assets, net   (66,360,444 )   (79,786,793 )     (66,360,444 )   (39,710,021 ) [1]
          Goodwill   (252,779,884 )   (238,296,200 )     (252,779,884 )   (164,610,895 ) [1]
          Current Liabilities   (148,591,221 )   (62,466,079 )     (148,591,221 )   (41,386,709 ) [1]
Total Invested Capital $ 434,508,709   $ 493,615,680     $ 434,508,709   $ 307,304,431    
               
               
Adjusted Net income $ 22,968,251   $ 13,403,973     $ 85,660,633   $ 46,521,713    
Adjusted Annualized ROIC   21 %   11 %     20 %   15 %  
               
ABACUS GLOBAL MANAGEMENT  
RETURN ON EQUITY  
               
    Three Months Ended Three Months Ended   For the Year Ended For the Year Ended  
    December 31, 2025 December 31, 2024   December 31, 2025 December 31, 2024  
Total Shareholder Equity $ 418,540,930   $ 423,294,672     $ 418,540,930   $ 275,856,140   [1]
               
Adjusted Net income $ 22,968,251   $ 13,403,973     $ 85,660,633   $ 46,521,713    
Adjusted Annualized ROE   22 %   13 %     20 %   17 %  
               
               
Note:              
[1] Weighted Average for the full year            
               

Abacus-Global-Management Abacus Global Management Reports Fourth Quarter and Full Year 2025 Results

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