Abacus Global Management (ABX) financial statements
Abacus Global Management reported revenue of $235M in fiscal 2025, up 73.9% a year over 3 years.
Net income was $37M.
Free cash flow was -$27M, and the company returned $20M in dividends and $44M in net buybacks.
The diluted share count rose 97% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Abacus Global Management's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | — | $45M | $66M | $112M | $235M |
| Cost of revenue | — | $6M | $6M | $11M | $29M |
| Gross profit | — | $39M | $60M | $101M | $206M |
| Selling, general and admin | — | $4M | $31M | $91M | $102M |
| Operating income | — | $34M | $24M | -$888,304 | $89M |
| Interest expense | — | $42,798 | $10M | $18M | $39M |
| Pre-tax income | $16M | -$591,079 | — | — | — |
| Income tax | — | $889,943 | $1M | $5M | $15M |
| Net income | $16M | $32M | $10M | -$24M | $37M |
| EPS (diluted) | — | $0.63 | $0.16 | -$0.34 | $0.36 |
| Diluted shares | — | 50M | 58M | 71M | 99M |
| Gross margin | — | 86.8% | 90.2% | 89.8% | 87.7% |
| Operating margin | — | 75.3% | 36.3% | -0.8% | 37.7% |
| Net margin | — | 70.9% | 14.3% | -21.4% | 15.5% |
Balance sheet
Fiscal years, from Abacus Global Management's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $853,130 | $30M | $26M | $132M | $38M |
| Total current assets | $944,755 | $33M | $32M | $160M | $70M |
| Property, plant and equipment | — | $18,617 | $400,720 | $1M | $2M |
| Goodwill | — | $0 | $140M | $238M | $253M |
| Total assets | $346M | $59M | $332M | $874M | $902M |
| Total current liabilities | $2M | $1M | $23M | $62M | $149M |
| Long-term debt | — | — | — | $342M | $290M |
| Total liabilities | $29M | $31M | $168M | $451M | $479M |
| Shareholders' equity | -$28M | -$18M | $164M | $423M | $419M |
| Net debt | -$853,130 | -$30M | -$26M | $211M | $368M |
Cash flow
Fiscal years, from Abacus Global Management's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$1M | $11M | -$64M | -$209M | -$26M |
| Capital spending | — | $0 | $189,674 | $786,236 | $931,443 |
| Free cash flow | — | $11M | -$64M | -$210M | -$27M |
| Stock-based compensation | $0 | $0 | $11M | $43M | $16M |
| Dividends paid | — | — | — | $0 | $20M |
| Share buybacks (net) | — | $0 | -$1M | -$11M | -$44M |
| Net borrowing | — | $0 | -$26M | $125M | $50M |
| Free cash flow margin | — | 23.9% | -96.7% | -187.3% | -11.3% |
| Dividends per share | — | — | — | — | $0.20 |
Questions
What was Abacus Global Management's revenue in 2025?
$235M in fiscal 2025, from its 10-K filing.
How much free cash flow does Abacus Global Management generate?
-$27M in fiscal 2025 (operating cash flow minus capital spending).
From Abacus Global Management's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.