Abacus Global Management, Inc.

Abacus Global Management, Inc.

ABX · NYSE · Financial Services / Insurance - Life

8.81USD+0.03 (+0.34%)

Price History

Full chart

Market Stats

Previous Close8.78
Open8.90
Day Range8.64 – 9.20
52-Week Range4.85 – 12.44
Volume496.63K
Market Cap808.74M
P/E (TTM)28.52
Forward P/E10.57
EPS0.29
Dividend Yield2.56%
Beta0.05
50-Day Avg9.66
200-Day Avg9.15

About

Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States, Luxembourg, and internationally. The company operates in three segments: Asset Management, Life Solutions, and Technology Services segments. The Asset Management segment provides asset management services to investors investing in alternative investment and exchange-traded funds. The Life Solutions segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. 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.

Company Details

  • SectorFinancial Services
  • IndustryInsurance - Life
  • CEOMr. Jay J. Jackson
  • Employees326
  • Headquarters333 South Garland Avenue, Orlando, FL, United States, 32801, USA
  • Websitehttps://abacusgm.com

Leadership

  • Mr. Jay J. JacksonCEO, President & Chairman · b. 1972
  • Mr. William Hugh McCauley Jr.COO & CFO · b. 1973
  • Mr. Matthew A. GanovskyCo-Founder, Advisor & Managing Partner · b. 1965
  • Mr. Kevin Scott KirbyCo-Founder, Advisor & Managing Partner · b. 1967
  • Ms. Elena PlescoChief Investment Officer · b. 1989
  • Mr. Alexei SolomonChief Accounting Officer & Treasurer · b. 1980
  • Mr. David JacksonHead of Investor Relations
  • Ms. Dani Theobald Esq.General Counsel
  • Mr. Ralph Anthony MilneChief Compliance Officer
  • Mr. Jeff SmithChief Marketing Officer

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.22M22.59M44.71M66.40M111.92M235.24M
Growth (%)-+1744.73%+97.92%+48.50%+68.56%+110.18%
Cost of Revenue514.67K14.21M5.88M6.49M11.37M66.07M
Gross Profit710.01K8.39M38.83M59.91M100.55M169.17M
Gross Margin57.98%37.12%86.84%90.23%89.84%71.91%
Operating Expense47.99K7.45M5.16M35.79M101.44M82.12M
Operating Income662.02K937.12K33.67M24.13M-888.30K87.05M
Operating Margin54.06%4.15%75.29%36.33%-0.79%37.01%
EBITDA662.02K1.03M34.81M23.78M6.76M110.15M
EBITDA Margin54.06%4.56%77.84%35.81%6.04%46.82%
Net Income662.02K997.41K31.68M9.52M-23.96M36.53M
Net Income Margin54.06%4.41%70.86%14.33%-21.41%15.53%
Interest Expense-042.80K9.87M18.28M38.79M
Interest Expense % of Total Revenue-0.00%0.10%14.86%16.33%16.49%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.46M1.84M59.09M331.83M874.16M902.24M
Total Liabilities160.70K1.07M30.95M167.76M450.87M483.70M
Total Equity2.08M915.05K27.25M163.93M424.15M418.54M
Cash135.27K102.42K30.05M25.59M131.94M38.11M
Total Debt148.97K1.05M28.33M141.74M385.91M411.18M
Net Debt13.70K950.71K-1.73M116.15M253.97M373.06M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow650.13K1.34M10.69M-64.52M-208.81M-25.68M
Investing Cash Flow-1.25M-241.53K-3.70M2.24M-4.96M-23.28M
Financing Cash Flow697.81K-354.58K22.96M57.82M320.12M-44.87M
Capital Expenditure4226.66K79.10K189.67K805.14K931.44K
Free Cash Flow650.13K1.12M10.61M-64.71M-209.62M-26.61M
Dividends Paid327.80K358.22K659.36K-019.84M
FCF to OCF100.00%83.12%99.26%100.29%100.39%103.63%
Dividend Paid to FCF50.42%32.10%6.21%-0.00%-74.55%

Earnings

Report DateSep 4, 2020Nov 16, 2020Mar 26, 2021Mar 31, 2021Jul 30, 2021Sep 30, 2021Feb 28, 2022Jun 22, 2022Jul 13, 2022Nov 21, 2022Dec 31, 2022Apr 18, 2023Jun 30, 2023Sep 30, 2023Dec 31, 2023May 29, 2024Aug 12, 2024Nov 7, 2024Mar 28, 2025May 8, 2025Aug 8, 2025Nov 6, 2025Mar 13, 2026May 6, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate0.000.000.00-0.00-0.000.000.000.00-0.00----0.130.140.160.160.160.180.190.210.250.28
EPS Actual0.00-0.00-0.030.250.250.250.250.030.22-0.26-0.14-0.140.130.01-0.10-0.020.180.20-0.220.180.220.200.230.200.28-
Surprise----------------38.46%42.86%-237.50%12.50%37.50%11.11%19.79%-4.76%12.00%-
Timing----------------Pre-marketAfter-hours-After-hoursPre-marketAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap808.74M
Enterprise Value1.09B
Trailing P/E28.52
Forward P/E10.57
Price / Sales3.03
Price / Book1.76
EPS0.29
Book Value4.48
Revenue (TTM)267.28M
Gross Profit (TTM)236.22M
EBITDA113.37M
Profit Margin10.55%
Operating Margin29.42%
Return on Equity6.55%
Return on Assets7.05%
Shares Outstanding97.79M
Shares Float46.38M
Beta0.05
Dividend Yield2.56%
Dividend Rate0.20
Payout Ratio21.98%

Ownership Breakdown

Institutions
28.43%
Insiders
69.03%
Retail / Other
2.54%

Top Institutional Holders

  • BlackRock Inc
    2.73M2.81%
  • Royce & Associates, LP
    2.12M2.18%
  • Vanguard Capital Management, LLC
    1.83M1.89%
  • Curi Capital, LLC
    1.80M1.85%
  • Mendon Capital Advisors Corp
    1.80M1.85%
  • Ashford Capital Management Inc
    1.67M1.72%
  • Allspring Global Investments Holdings, LLC
    1.11M1.14%
  • Alta Fundamental Advisers LLC
    1.10M1.13%
  • Morgan Stanley - Brokerage Accounts
    1.05M1.09%
  • State Of Wisconsin Investment Board
    966.04K0.99%
  • CSM Advisors, LLC
    907.47K0.93%
  • Geode Capital Management, LLC
    896.57K0.92%
  • Alyeska Investment Group, L.P.
    876.62K0.90%
  • State Street Corp
    853.19K0.88%

Top Fund Holders

  • RMB Mendon Financial Services A
    1.60M1.65%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.20M1.24%
  • FTGF RY US SmCp Opp A USD Dis(A)
    892.84K0.92%
  • Royce Small-Cap Opportunity Invmt
    827.25K0.85%
  • iShares Russell 2000 ETF
    767.80K0.79%
  • Allspring Special Small Cap Value A
    754.94K0.78%

Dividends

20251×
0.20Dec 2, 2025