ABL

MKT CAP:$791M

Abacus Global Management, Inc.

Market Cap

$791M

Financial Services·Insurance - Life·🇺🇸 United States·NASDAQ

Financials·Insurance - Life·🇺🇸·NASDAQ

Stock Price

$9.13+$1.21 (+15.28%)

Feb 27, 2026

Company Details

Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States. It operates in five segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. Th...

CEO

Jay J. Jackson

IPO Date

Sep 14, 2020

Website

www.abacusgm.com

Key Metrics TTM

Revenue

$175M

— YoY

Net Income

$36M

EPS (Diluted)

$0.30

Free Cash Flow

-$40M

Revenue / Share

$1.81

Gross Margin

87.5%

Operating Margin

42.5%

Net Margin

20.6%

FCF Margin

-22.9%

P/S

4.5x

P/E

21.9x

Earnings Reports

Q4 2025

May 6, 2026

PENDING

Q3 2025

Nov 7, 2025

$63MEPS $0.07

Q2 2025

Aug 12, 2025

$56MEPS $0.18

Q1 2025

May 8, 2025

$44MEPS $0.05

FY 2023

Mar 21, 2024

$66MEPS $0.16

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$337.4K	$181.3K	$141.7K
Q2 21	$337.4K	$181.3K	$141.7K
Q1 22	$10M	$8M	$7M
Q2 23	$11M	$10M	$8M
Q1 25	$44M	$37M	$21M
Q2 25	$56M	$50M	$23M
Q3 25	$63M	$55M	$22M

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	—	—
Q1 22	—	—
Q2 23	31.6x	49.8x
Q1 25	8.5x	30.3x
Q2 25	4.1x	13.7x
Q3 25	3.2x	15.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$4M	$4M
Q2 23	-$21M	-$21M
Q1 25	-$62M	-$62M
Q2 25	$76M	$76M
Q3 25	-$33M	-$33M

Capital Expenditures

Quarter	CapEx
Q1 22	$0
Q2 23	$62.8K
Q1 25	$224.4K
Q2 25	$407.9K
Q3 25	$171.6K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 25	+12983.0%	+11709.3%
Q2 25	+16565.1%	+17121.7%
Q3 25	+537.6%	+1375.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$0	0.0%
Q2 23	$0	0.0%
Q1 25	$2M	5.3%
Q2 25	$3M	6.2%
Q3 25	$5M	7.2%

OpEx Breakdown

Quarter	G&A	S&M
Q1 21	$39.6K	—
Q2 21	$39.6K	—
Q1 22	$641.2K	$630.0K
Q2 23	$577.5K	$683.8K
Q1 25	$12M	$3M
Q2 25	$19M	$3M
Q3 25	$25M	$4M

Revenue by Geography

Quarter	Luxembourg	Other Geographical Location	United States
Q2 25	$11M	$3M	$43M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$624.9K	$0	$624.9K
Q2 22	$3M	$0	$3M
Q3 22	$4M	$0	$4M
Q4 22	$30M	$0	$30M
Q1 23	$20M	$0	$20M
Q2 23	$21M	$0	$21M
Q3 23	$37M	$0	$37M
Q4 23	$26M	$2M	$28M
Q1 24	$65M	$3M	$69M
Q2 24	$91M	$4M	$95M
Q3 24	$19M	$3M	$22M
Q4 24	$132M	$0	$132M
Q1 25	$44M	$0	$44M
Q2 25	$75M	$0	$75M
Q3 25	$86M	$0	$86M
Q4 25	$0	$0	$0

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	43M	—	—
Q2 21	43M	0.0%	—
Q1 22	43M	0.0%	—
Q2 23	63M	+46.9%	—
Q1 25	97M	+53.9%	+126.1%
Q2 25	97M	-0.1%	+125.8%
Q3 25	97M	-0.7%	+124.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q1 22	—	—
Q2 23	—	—
Q1 25	$281.1K	157
Q2 25	$358.1K	157
Q3 25	$401.1K	157

Revenue / Employee