ABL Stock - Abacus Global Management, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $111.92M | $66.40M | $44.71M | $22.59M | $1.22M |
| Gross Profit | $100.55M | $59.91M | $38.83M | $8.39M | $710,014 |
| Gross Margin | 89.8% | 90.2% | 86.8% | 37.1% | 58.0% |
| Operating Income | $-888,304 | $24.13M | $33.67M | $937,115 | $1.35M |
| Net Income | $-23,961,050 | $9.52M | $31.68M | $997,415 | $662,020 |
| Net Margin | -21.4% | 14.3% | 70.9% | 4.4% | 54.1% |
| EPS | $-0.34 | $0.17 | $0.63 | $0.02 | $0.03 |
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. The Active Management segment is involved in the buying, selling, and trading of policies; and the maintenance of policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. The Asset Management segment provides asset management services to investors investing in alternative investment and equity portfolio funds based on fund investment agreements. Its Portfolio Servicing segment offers policy services to customers on a contract basis. 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| April 29th 2025 | Maxim Group | Initiation | Buy | $14 |
| October 24th 2024 | Northland Capital | Initiation | Outperform | $13.5 |
| August 7th 2024 | TD Cowen | Initiation | Buy | $14 |
| June 26th 2024 | Piper Sandler | Initiation | Overweight | $12 |
| May 31st 2024 | B. Riley Securities | Initiation | Buy | $16 |
Earnings History & Surprises
ABLEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 26, 2026 | $0.20 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.18 | $0.20 | +11.1% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.16 | $0.22 | +37.5% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.16 | $0.18 | +12.5% | ✓ BEAT |
Q1 2025 | Mar 27, 2025 | $0.13 | $0.16 | +23.1% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.14 | $0.20 | +42.9% | ✓ BEAT |
Q3 2024 | Aug 12, 2024 | $0.13 | $0.18 | +38.5% | ✓ BEAT |
Q2 2024 | May 13, 2024 | — | $0.11 | — | — |
Q1 2024 | Mar 21, 2024 | — | $-0.10 | — | — |
Q4 2023 | Nov 13, 2023 | — | $0.01 | — | — |
Q3 2023 | Aug 14, 2023 | — | $0.13 | — | — |
Q2 2023 | Jun 30, 2023 | — | $-0.01 | — | — |
Q4 2022 | Dec 31, 2022 | — | $-0.05 | — | — |
Q3 2022 | Sep 30, 2022 | — | $-0.13 | — | — |
Q2 2022 | Jun 29, 2022 | — | $-0.03 | — | — |
Q1 2022 | Mar 30, 2022 | — | $0.22 | — | — |
Q4 2021 | Dec 30, 2021 | — | $0.03 | — | — |
Q3 2021 | Sep 29, 2021 | — | $0.25 | — | — |
Q2 2021 | Jun 29, 2021 | — | $-0.17 | — | — |
Q1 2021 | Mar 30, 2021 | — | $0.25 | — | — |
Latest News
Abacus Global Management shares are trading higher after the company reported better-than-expected Q3 financial results and announced a $10 million buyback.
📈 PositiveAbacus Global Management Announces $10M Buyback Plan
📈 PositiveAbacus Life Q3 Adj. EPS $0.24 Beats $0.18 Estimate, Sales $62.975M Beat $50.166M Estimate
📈 PositiveAbacus Global Announces Successful Sale Of $50M In Securitized Life Insurance Assets Through An Above Investment-Grade Rated Collateralized Note
📈 PositivePiper Sandler Maintains Overweight on Abacus Global Management, Lowers Price Target to $9
➖ NeutralAbacus Global Management Becomes Member Of Russell 2000 And 3000 Indexes
📈 PositiveReported Earlier, Abacus Complaint Lacks Merit According To Coventry Motion Highlighting Lapetus Closure And Protecting Constitutionally Guaranteed Debate
➖ NeutralFrequently Asked Questions about ABL
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