Abacus Global Management, Inc 8-K, filed Nov 5, 2026
Abacus Global Management, Inc. (ABX)
8-K
2026-11-05
For: 2026-11-05
View Original
Added on
November 06, 2026
About this 8-K
Abacus Global Management, Inc filed this 8-K on November 5, 2026.
Abacus Global Management reported third-quarter revenue of $76.9 M, adjusted net income of $29.4 M and adjusted EPS of $0.29, raised full-year 2026 adjusted net income guidance to $104.5M to $106.5M, and approved a $0.22 dividend payable December 16, 2026. AI summary
Items reported
- Item 2.02: Financial results
- Item 8.01: Other events
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________
FORM 8-K
__________________
CURRENT REPORT
Pursuant to Section 13 or Section 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 5, 2026
__________________
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification Number) | ||||||
(800 ) 561-4148
(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)
__________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||||||||
| Title of each class | Trading Symbols | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o
Item 2.02. Results of Operations and Financial Condition
On November 5, 2026, Abacus Global Management, Inc. (the “Company”) issued press release announcing its results of operations and financial condition for the quarter ended September 30, 2026. A copy of that press release is included as Exhibit 99.1 to this report. Also on November 5, 2026, the Company issued a press release announcing the declaration of a cash dividend, as described below in Item 8.01. A copy of that press releases is included as Exhibit 99.2 to this report.
Item 8.01 Other Events
Dividend Declaration
On November 5, 2026, the Board of the Company approved an annual cash dividend of $0.22 per share to be paid on December 16, 2026 to shareholders of record of the Company as of the close of business on December 1, 2026.
Item 9.01 Financial Statement and Exhibits
(d) Exhibits.
| Exhibit Number | Exhibit Description | ||||
| 99.1 | |||||
| 99.2 | |||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| Abacus Global Management, Inc. | ||||||||
| (Registrant) | ||||||||
| Date: November 5, 2026 | By: | /s/ Jay Jackson | ||||||
| Name: | Jay Jackson | |||||||
| Title: | Chief Executive Officer | |||||||
| (Principal Executive Officer) | ||||||||
ABACUS GLOBAL MANAGEMENT, INC. REPORTS THIRD QUARTER 2026 RESULTS
~ Reports Record Third Quarter 2026 Total Revenue of $76.9 Million ~
~ Third Quarter Adjusted Net Income1 of $29.4 Million and Adjusted EPS1 of $0.29 Exceed High End of Guidance Ranges; Adjusted EBITDA1 Grows to Record $42.3 Million ~
~ Raises Full-Year 2026 Adjusted Net Income¹ Guidance to $104.5–$106.5 Million, Up to 24% Year-Over-Year; Projects Fourth Quarter Adjusted EPS¹ of $0.28–$0.30, Up to 30% Year-Over-Year ~
ORLANDO, Fla. – November 5, 2026 – Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning today reported results for the third quarter ended September 30, 2026.
Jay Jackson, Chief Executive Officer of Abacus, said, “The financial industry has spent decades pricing nearly everything except the one variable that shapes every retirement, which is how long people live. We have spent 20 years building the data to price it, and this quarter the business built around that data began working as a single platform.”
Mr. Jackson added, “When insurance companies buy into a securitization of more than $400 million, that is a strong vote of confidence in the data and the underwriting behind it. When early inquiries about LifeARC represent more than $500 million of self-reported investable assets, it tells us the demand is far larger than what we started with. Both are happening at once, and we raised our outlook for the second time this year. The platform is what we set out to build, and with revenue growth of at least 20% in every quarter we have reported as a public company, it is working.”
Third Quarter 2026 Highlights
| Metric | 3Q26 | 3Q25 | Note | ||||||||
| Total Revenue | $ 76.9 M | $ 63.0 M | +22% YoY driven by strong Life Solutions growth | ||||||||
| GAAP net income | $ 14.5 M | $ 7.1 M | Up 105% on revenue growth and lower non-operating expense | ||||||||
| Operating Cash Flow (YTD) | $ 167.4 M | $ (18.2) M | +$185.6M increase YoY (presented as YTD figures); demonstrates cash generation capacity of platform | ||||||||
Third Quarter 2026 Non-GAAP Highlights
| Metric | 3Q26 | 3Q25 | Note | ||||||||
Adjusted net income (Gross)1 | $ 29.4 M | $ 23.6 M | +24% YoY | ||||||||
Adjusted EPS (Gross) 1 | $ 0.29 | $ 0.24 | +20% YoY; based on diluted share count | ||||||||
Adjusted EBITDA1 | $ 42.3 M | $ 37.9 M | +12% YoY | ||||||||
Adjusted EBITDA margin1 | 55.0 % | 60.2 % | Maintains high margin level while growing the business | ||||||||
Third Quarter 2026 Efficiency Movers
| Metric | 3Q26 | 3Q25 | Note | ||||||||
Annualized ROIC1 | 21 % | 21 % | +40 bps YoY | ||||||||
Annualized ROE1 | 26 % | 22 % | +440 bps YoY | ||||||||
| Annualized turnover ratio | 3.0x | 2.0x | Above long-term target of 1.5x to 2.0x | ||||||||
| Average realized gain | 24 % | 37 % | Exceeds long-term target of 20%, reflecting strong origination discipline | ||||||||
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
Other Third Quarter 2026 Highlights
•Longevity fund inflows totaled $452.4 million in the third quarter, more than six times the prior-year period. Year to date through the third quarter, longevity fund inflows were approximately $997 million, compared to $604 million for all of 2025.
•Abacus launched its ABX Longevity Growth and Income Fund (ticker: ABXGX) in July. The fund is the Company’s first registered interval fund dedicated to the longevity asset class, providing investors and their advisors direct access to the lifespan-based investment strategy.
•In August, the Abacus Board of Directors authorized a $100 million share repurchase program. The authorization aligns with the Company’s capital allocation framework and builds on the approximately $80 million of the Company’s common stock repurchased under prior authorized programs since December 2023.
•In September, Abacus completed a landmark $400 million securitization collateralized by a diversified portfolio of life insurance policies. The notes received an investment-grade rating from a third-party rating agency and the offering was oversubscribed and upsized in response to investor demand.
Liquidity and Capital
As of September 30, 2026, the Company had cash and cash equivalents of $104.0 million, balance sheet policy assets held at fair value of $370.0 million, and total outstanding debt, net of deferred issuance costs and discounts, of $405.0 million. The Company generated $167.4 million in operating cash flows during the nine months ended September 30, 2026, compared to $(18.2) million in the prior-year period, reflecting the increasing cash generation capacity of the platform as longevity fund AUM scales.
Outlook
| Metric | FY26 | 4Q26 | Note | ||||||||
Adjusted net income (Gross)1 | $104.5M to $106.5M | $28M to $30M | FY implies 22% to 24% YoY; Midpoint of ~23% | ||||||||
Adjusted EPS (Gross)1 | $1.05 to $1.07 | $0.28 to $0.30 | Quarterly implies Up to 30% YoY; based on diluted share count | ||||||||
Webcast and Conference Call
A webcast and conference call to discuss the Company’s results will be held today, November 5, 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 (833) 309-3473 (toll-free) or (785) 838-9251 (International) and participants must enter Conference ID “ABACUS” when joining. 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, business acquisition costs and non-recurring legal costs, and non-cash stock-based compensation and the related stock-based
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
limitation tax effect before the estimated tax effect. The estimated tax effect to adjusted net income is based on the Company’s U.S. based federal and state statutory tax rates. 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.
Adjusted EPS measures per share earnings and is calculated as Adjusted Net Income divided by adjusted weighted-average shares outstanding. Management believes that Adjusted EPS may be useful to investors because it enables them to better evaluate per share operating performance across reporting periods by eliminating the impact of expenses that do not relate to the Company’s business performance.
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 , business acquisition costs and non-recurring legal costs, non-cash expenses, and certain other items that in our judgment significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within the Abacus’ control. These items may include payments made as part of the Company's expense support commitment, change in fair value of debt, change in fair value of warrant liability, S&P 500 options that were entered into as an economic hedge related to the debt (described as the realized and unrealized gain on equity securities, at fair value), non-cash stock based compensation, and other items. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus, 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
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
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; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. 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 potential impact of our business relationships, including with our employees, customers and competitors; changes in general economic and business conditions, including changes in the financial markets; political instability both in the U.S. and abroad, to include political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; 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. 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.
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. 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, and financial advisors regarding the suitability of investments.
About Abacus
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
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
David Jackson – Head of Investor Relations
david@abacusgm.com
(321) 299-0716
Public Relations
press@abacusgm.com
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEETS
September 30, 2026 (Unaudited) | December 31, 2025 | ||||||||||
| ASSETS | |||||||||||
| CURRENT ASSETS: | |||||||||||
| Cash and cash equivalents | $ 104,031,612 | $ 38,112,332 | |||||||||
| Accounts receivable | 14,037,453 | 18,082,473 | |||||||||
| Accounts receivable, related party | 12,104,449 | 9,320,103 | |||||||||
| Income taxes receivable | 1,011,942 | 411,055 | |||||||||
| Prepaid expenses and other current assets | 5,498,883 | 3,646,850 | |||||||||
| Total current assets | 136,684,339 | 69,572,813 | |||||||||
| Property and equipment, net | 3,496,228 | 1,597,896 | |||||||||
| Intangible assets, net | 55,916,802 | 66,360,444 | |||||||||
| Goodwill | 252,036,840 | 252,779,884 | |||||||||
| Operating right-of-use assets | 10,615,947 | 4,561,692 | |||||||||
| Management and performance fee receivable, related party | 14,387,439 | 14,800,140 | |||||||||
| Life settlement policies, at fair value | 369,978,847 | 468,857,929 | |||||||||
| Life settlement policies, at cost | — | 918,305 | |||||||||
| Available-for-sale securities, at fair value; net of allowance for credit losses of $— and $1,245,575 at September 30, 2026 and December 31, 2025 | 3,226,791 | 3,108,750 | |||||||||
| Other investments | 99,484,902 | 18,253,585 | |||||||||
| Other assets | 1,458,502 | 1,428,820 | |||||||||
| TOTAL ASSETS | $ 947,286,637 | $ 902,240,258 | |||||||||
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | |||||||||||
| CURRENT LIABILITIES: | |||||||||||
| Current portion of long-term debt, at fair value | $ 38,764,678 | $ 114,424,000 | |||||||||
| Current portion of long-term debt | 2,250,000 | 1,500,000 | |||||||||
| Accrued expenses | 10,232,067 | 10,935,292 | |||||||||
| Current operating lease liabilities | 2,481,472 | 720,186 | |||||||||
| Contract liabilities, deposits on pending settlements | 895,747 | 169,184 | |||||||||
| Accrued transaction costs | 2,232,074 | 2,336,177 | |||||||||
| Other current liabilities | 24,237,980 | 15,853,016 | |||||||||
| Related party payable | 3,288,000 | — | |||||||||
| Income taxes payable | 2,967,555 | 2,653,366 | |||||||||
| Total current liabilities | 87,349,573 | 148,591,221 | |||||||||
| Long-term debt, net | 348,589,746 | 275,780,392 | |||||||||
| Long-term debt, related party | 15,436,492 | 14,114,199 | |||||||||
| Retrocession fees payable | 5,361,714 | 5,361,714 | |||||||||
| Noncurrent operating lease liabilities | 9,349,321 | 4,637,642 | |||||||||
| Deferred tax liability | 25,803,682 | 30,214,160 | |||||||||
| TOTAL LIABILITIES | 491,890,528 | 478,699,328 | |||||||||
| COMMITMENTS AND CONTINGENCIES (Note 12) | |||||||||||
| MEZZANINE EQUITY | |||||||||||
| Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 shares issued and outstanding at September 30, 2026 and December 31, 2025 | 5,000,000 | 5,000,000 | |||||||||
| TOTAL MEZZANINE EQUITY | 5,000,000 | 5,000,000 | |||||||||
| STOCKHOLDERS' EQUITY | |||||||||||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding | — | — | |||||||||
Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 108,076,424 and 104,879,752 shares issued at September 30, 2026 and December 31, 2025, respectively | 10,808 | 10,488 | |||||||||
| Treasury stock - at cost; 10,344,990 and 7,406,118 shares repurchased at September 30, 2026 and December 31, 2025, respectively | (81,915,091) | (55,808,595) | |||||||||
| Additional paid-in capital | 545,804,289 | 515,971,485 | |||||||||
| Accumulated deficit | (13,503,897) | (41,632,448) | |||||||||
| Noncontrolling interest | — | — | |||||||||
| TOTAL STOCKHOLDERS' EQUITY | 450,396,109 | 418,540,930 | |||||||||
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $ 947,286,637 | $ 902,240,258 | |||||||||
ABACUS GLOBAL MANAGEMENT, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||||||||
2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||
| REVENUES: | |||||||||||||||||||||||
| Asset management | 821,588 | 1,058,250 | 2,640,392 | 3,173,732 | |||||||||||||||||||
| Asset management, related party | 4,229,927 | 7,575,553 | 18,085,920 | 21,995,024 | |||||||||||||||||||
| Life solutions | 36,963,970 | 45,536,880 | 124,900,897 | 112,059,764 | |||||||||||||||||||
| Life solutions, related party | 34,310,393 | 8,585,697 | 62,365,814 | 25,662,314 | |||||||||||||||||||
| Technology services | 557,457 | 218,776 | 1,300,590 | 448,288 | |||||||||||||||||||
| TOTAL REVENUES | 76,883,335 | 62,975,156 | 209,293,613 | 163,339,122 | |||||||||||||||||||
| COST OF REVENUES (excluding depreciation and amortization stated below): | |||||||||||||||||||||||
| Cost of revenue (including stock-based compensation) | 7,779,596 | 7,655,698 | 23,151,432 | 20,818,749 | |||||||||||||||||||
| GROSS PROFIT | 69,103,739 | 55,319,458 | 186,142,181 | 142,520,373 | |||||||||||||||||||
| OPERATING EXPENSES: | |||||||||||||||||||||||
| Sales and marketing | 5,639,799 | 3,799,884 | 16,146,169 | 9,683,599 | |||||||||||||||||||
| General and administrative (including stock-based compensation) | 33,616,461 | 24,706,314 | 92,444,660 | 55,896,429 | |||||||||||||||||||
| Gain on change in fair value of debt | — | — | — | (3,362,103) | |||||||||||||||||||
| Depreciation and amortization expense | 4,117,078 | 4,400,082 | 12,013,609 | 14,342,711 | |||||||||||||||||||
| TOTAL OPERATING EXPENSES | 43,373,338 | 32,906,280 | 120,604,438 | 76,560,636 | |||||||||||||||||||
| OPERATING INCOME | 25,730,401 | 22,413,178 | 65,537,743 | 65,959,737 | |||||||||||||||||||
| OTHER INCOME (EXPENSE): | |||||||||||||||||||||||
| Loss on change in fair value of warrant liability | — | (1,081,193) | — | (1,704,193) | |||||||||||||||||||
| Interest expense | (10,101,593) | (9,738,472) | (28,867,089) | (28,108,947) | |||||||||||||||||||
| Interest income | 622,726 | 803,648 | 1,956,732 | 2,990,927 | |||||||||||||||||||
| Other income (expense), net | 2,463,375 | (629,127) | 2,120,421 | 2,044,521 | |||||||||||||||||||
| TOTAL OTHER EXPENSE | (7,015,492) | (10,645,144) | (24,789,936) | (24,777,692) | |||||||||||||||||||
| NET INCOME BEFORE PROVISION FOR INCOME TAXES | 18,714,909 | 11,768,034 | 40,747,807 | 41,182,045 | |||||||||||||||||||
| Income tax expense | 4,198,327 | 4,692,686 | 12,337,991 | 11,096,742 | |||||||||||||||||||
| NET INCOME | 14,516,582 | 7,075,348 | 28,409,816 | 30,085,303 | |||||||||||||||||||
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | — | — | — | 786,683 | |||||||||||||||||||
| NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ 14,516,582 | $ 7,075,348 | $ 28,409,816 | $ 29,298,620 | |||||||||||||||||||
| EARNINGS PER SHARE: | |||||||||||||||||||||||
| Earnings per share - basic | $ 0.15 | $ 0.07 | $ 0.29 | $ 0.30 | |||||||||||||||||||
| Earnings per share - diluted | $ 0.14 | $ 0.07 | $ 0.28 | $ 0.30 | |||||||||||||||||||
| Weighted-average stock outstanding—basic | 97,876,475 | 95,956,504 | 97,018,494 | 95,612,432 | |||||||||||||||||||
| Weighted-average stock outstanding—diluted | 100,264,913 | 96,651,911 | 99,327,512 | 96,962,810 | |||||||||||||||||||
| NET INCOME | $ 14,516,582 | $ 7,075,348 | $ 28,409,816 | $ 30,085,303 | |||||||||||||||||||
| COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS | 14,516,582 | 7,075,348 | 28,409,816 | 30,085,303 | |||||||||||||||||||
| Net and comprehensive income attributable to non-controlling interests | — | — | — | 786,683 | |||||||||||||||||||
| COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ 14,516,582 | $ 7,075,348 | $ 28,409,816 | $ 29,298,620 | |||||||||||||||||||
ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME
| Three Months Ended September 30, 2026 | Three Months Ended September 30, 2025 | ||||||||||||||||||||||
Gross | Estimated Tax [2] | Net | Gross | Estimated Tax [2] | Net | ||||||||||||||||||
| NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ 14,516,582 | $ — | $ 14,516,582 | $ 7,075,348 | $ — | $ 7,075,348 | |||||||||||||||||
| Net income attributable to noncontrolling interests | — | — | — | — | — | — | |||||||||||||||||
| Amortization expense | 3,887,301 | (985,236) | 2,902,065 | 4,044,099 | (1,024,977) | 3,019,122 | |||||||||||||||||
| Stock-based compensation | 5,057,627 | (1,281,856) | 3,775,771 | 4,527,358 | (1,147,459) | 3,379,899 | |||||||||||||||||
| Allowance for credit losses | — | — | — | 622,788 | (157,846) | 464,942 | |||||||||||||||||
| Unrealized loss (gain) on investments | (2,397,365) | 607,612 | (1,789,753) | — | — | — | |||||||||||||||||
| Impairment on investments | (203,323) | 51,532 | (151,791) | — | — | — | |||||||||||||||||
| Business acquisition and non-recurring legal costs | 7,755,434 | (1,965,615) | 5,789,819 | 5,941,429 | (1,505,855) | 4,435,574 | |||||||||||||||||
| Loss on change in fair value of warrant liability | — | — | — | 1,081,193 | (274,028) | 807,165 | |||||||||||||||||
| Other | 293,864 | — | 293,864 | — | — | — | |||||||||||||||||
Tax impact [1] | 478,937 | — | 478,937 | 315,928 | — | 315,928 | |||||||||||||||||
| ADJUSTED NET INCOME | $ 29,389,057 | $ (3,573,563) | $ 25,815,494 | $ 23,608,143 | $ (4,110,165) | $ 19,497,978 | |||||||||||||||||
| WEIGHTED-AVERAGE STOCK OUTSTANDING - BASIC | 97,876,475 | 97,876,475 | 97,876,475 | 95,956,504 | 95,956,504 | 95,956,504 | |||||||||||||||||
| WEIGHTED-AVERAGE STOCK OUTSTANDING - DILUTED | 100,264,913 | 100,264,913 | 100,264,913 | 96,651,911 | 96,651,911 | 96,651,911 | |||||||||||||||||
| ADJUSTED EPS - BASIC | $ 0.30 | $ (0.04) | $ 0.26 | $ 0.25 | $ (0.04) | $ 0.20 | |||||||||||||||||
| ADJUSTED EPS - DILUTED | $ 0.29 | $ (0.04) | $ 0.25 | $ 0.24 | $ (0.04) | $ 0.20 | |||||||||||||||||
| Nine Months Ended September 30, 2026 | Nine Months Ended September 30, 2025 | ||||||||||||||||||||||
Gross | Estimated Tax [2] | Net | Gross | Estimated Tax [2] | Net | ||||||||||||||||||
| NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $ 28,409,816 | $ — | $ 28,409,816 | $ 29,298,620 | $ — | $ 29,298,620 | |||||||||||||||||
| Net income attributable to noncontrolling interests | — | — | — | 786,683 | — | 786,683 | |||||||||||||||||
| Amortization expense | 11,535,407 | (2,923,649) | 8,611,758 | 13,345,240 | (3,382,351) | 9,962,889 | |||||||||||||||||
| Stock-based compensation | 18,284,008 | (4,634,082) | 13,649,926 | 10,369,582 | (2,628,171) | 7,741,411 | |||||||||||||||||
| Allowance for credit losses | — | — | — | 622,788 | (157,846) | 464,942 | |||||||||||||||||
| Unrealized loss (gain) on investments | (7,136,854) | 1,808,836 | (5,328,018) | — | — | — | |||||||||||||||||
| Impairment on investments | 2,846,677 | (721,490) | 2,125,187 | — | — | — | |||||||||||||||||
| Business acquisition and non-recurring legal costs | 18,982,606 | (4,811,141) | 14,171,465 | 6,016,211 | (1,524,809) | 4,491,402 | |||||||||||||||||
| Loss on change in fair value of warrant liability | — | — | — | 1,704,193 | (431,928) | 1,272,265 | |||||||||||||||||
| Other | 733,410 | — | 733,410 | — | — | — | |||||||||||||||||
Tax impact [1] | 2,939,089 | — | 2,939,089 | 549,065 | — | 549,065 | |||||||||||||||||
| ADJUSTED NET INCOME | $ 76,594,159 | $ (11,281,526) | $ 65,312,633 | $ 62,692,382 | $ (8,125,105) | $ 54,567,277 | |||||||||||||||||
| WEIGHTED-AVERAGE STOCK OUTSTANDING - BASIC | 97,018,494 | 97,018,494 | 97,018,494 | 95,612,432 | 95,612,432 | 95,612,432 | |||||||||||||||||
| WEIGHTED-AVERAGE STOCK OUTSTANDING - DILUTED | 99,327,512 | 99,327,512 | 99,327,512 | 96,962,810 | 96,962,810 | 96,962,810 | |||||||||||||||||
| ADJUSTED EPS - BASIC | $ 0.79 | $ (0.12) | $ 0.67 | $ 0.65 | $ (0.08) | $ 0.57 | |||||||||||||||||
| ADJUSTED EPS - DILUTED | $ 0.77 | $ (0.11) | $ 0.66 | $ 0.64 | $ (0.08) | $ 0.56 | |||||||||||||||||
[1] Tax impact mainly 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.
Note: Totals may not add up due to rounding
Note: Totals may not add up due to rounding
ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA
| Three Months Ended September 30, | Nine Months Ended September 30, | ||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | ||||||||||||||
| NET INCOME | $ 14,516,582 | $ 7,075,348 | $ 28,409,816 | $ 30,085,303 | |||||||||||||
| Depreciation and amortization expense | 4,117,078 | 4,400,082 | 12,013,609 | 14,342,711 | |||||||||||||
| Income tax expense | 4,198,327 | 4,692,686 | 12,337,991 | 11,096,742 | |||||||||||||
| Interest expense | 10,101,593 | 9,738,472 | 28,867,089 | 28,108,947 | |||||||||||||
| Other expense (Income), net | 137,313 | 629,127 | 2,169,756 | (2,044,521) | |||||||||||||
| Interest income | (622,726) | (803,648) | (1,956,732) | (2,990,927) | |||||||||||||
| Loss on change in fair value of warrant liability | — | 1,081,193 | — | 1,704,193 | |||||||||||||
| Stock-based compensation | 5,057,627 | 4,527,358 | 18,284,008 | 10,369,582 | |||||||||||||
| Unrealized (gain) loss on investments | (2,397,365) | — | (7,136,854) | — | |||||||||||||
| Impairment on investments | (203,323) | — | 2,846,677 | — | |||||||||||||
| Allowance for credit losses | — | 622,788 | — | 622,788 | |||||||||||||
| Business acquisition and non-recurring legal costs | 7,755,434 | 5,941,429 | 18,982,606 | 6,016,211 | |||||||||||||
| Other | (353,907) | — | 85,639 | — | |||||||||||||
| Gain on change in fair value of debt | — | — | — | (3,362,103) | |||||||||||||
| Adjusted EBITDA | $ 42,306,633 | $ 37,904,835 | $ 114,903,605 | $ 93,948,926 | |||||||||||||
| TOTAL REVENUE | 76,883,335 | 62,975,156 | 209,293,613 | 163,339,122 | |||||||||||||
| Net Income Margin | 18.9 % | 11.2 % | 13.6 % | 18.4 % | |||||||||||||
| Adjusted EBITDA Margin | 55.0 % | 60.2 % | 54.9 % | 57.5 % | |||||||||||||
ABACUS GLOBAL MANAGEMENT, INC.
RETURN ON INVESTED CAPITAL
RETURN ON INVESTED CAPITAL
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Total Assets | $ 947,286,637 | $ 918,937,530 | $ 947,286,637 | $ 918,937,530 | ||||||||||||||||
| Less: | ||||||||||||||||||||
| Intangible assets, net | (55,916,802) | (70,491,008) | (55,916,802) | (70,491,008) | ||||||||||||||||
| Goodwill | (252,036,840) | (248,959,637) | (252,036,840) | (248,959,637) | ||||||||||||||||
| Current Liabilities | (87,349,573) | (148,438,496) | (87,349,573) | (148,438,496) | ||||||||||||||||
| Total Invested Capital | $ 551,983,422 | $ 451,048,389 | $ 551,983,422 | $ 451,048,389 | ||||||||||||||||
| Adjusted Net income | $ 29,389,057 | $ 23,608,143 | $ 76,594,159 | $ 62,692,382 | ||||||||||||||||
| Adjusted Annualized ROIC | 21 % | 21 % | 19 % | 19 % | ||||||||||||||||
ABACUS GLOBAL MANAGEMENT, INC.
RETURN ON EQUITY
RETURN ON EQUITY
| Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||||||||||
| 2026 | 2025 | 2026 | 2025 | |||||||||||||||||
| Total Shareholder Equity | $ 450,396,109 | $ 434,593,993 | $ 450,396,109 | $ 434,593,993 | ||||||||||||||||
| Adjusted Net income | $ 29,389,057 | $ 23,608,143 | $ 76,594,159 | $ 62,692,382 | ||||||||||||||||
| Adjusted Annualized ROE | 26 % | 22 % | 23 % | 19 % | ||||||||||||||||
Abacus Global Management Increases Annual Dividend 10% to
$0.22 Per Share
$0.22 Per Share
~ Board Approves $0.22 Annual Cash Dividend to Shareholders of Record as of
December 1, 2026, Reinforcing Commitment to Shareholder Returns ~
December 1, 2026, Reinforcing Commitment to Shareholder Returns ~
ORLANDO, Fla.--(BUSINESS WIRE)--Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, with a focus on longevity-based assets and personalized financial planning, today announced that its Board of Directors has approved an annual cash dividend of $0.22 per share, payable on December 16, 2026, to shareholders of record as of December 1, 2026 (the ex-dividend/record date). This is an increase of 10% from the $0.20 per share paid last year. Under its dividend policy, the Company intends to distribute an annual dividend of up to 25% of adjusted net income.
“Raising our annual dividend by 10% reflects our confidence in the earnings power of this business,” said Jay Jackson, Chairman and Chief Executive Officer. “Our cash generation gives us the flexibility to fund origination demand and continue to scale the platform while returning capital to shareholders.”
Jackson continued, “This increase is one part of a broader capital allocation strategy designed to create long-term shareholder value. With recurring revenues expected to approach 70% of total revenue over time, our goal is a durable, cash-generating business that compounds growth and rewards shareholders directly.”
Abacus expects to fund the annual dividend through cash on hand and free cash flow. The Company’s capital allocation strategy is designed to balance continued investment in origination growth, technology, and potential acquisitions with the return of capital to shareholders through an annual dividend and share repurchases.
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; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. 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).
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; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. 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 potential impact of our business relationships, including with our employees, customers and competitors; changes in general economic and business conditions, including changes in the financial markets; political instability both in the U.S. and abroad, to include political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; 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. 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.
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. 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.
Dividend Policy
Abacus maintains a dividend policy designed to balance consistent shareholder returns with strategic growth investments.
Abacus maintains a dividend policy designed to balance consistent shareholder returns with strategic growth investments.
Under the policy, the Board of Directors will evaluate opportunities to return capital to shareholders through dividends. Dividend decisions will be based on several factors including operating cash flow generation, capital requirements for portfolio growth, regulatory considerations, and strategic investment opportunities across the Company's business verticals.
The policy provides the Board with flexibility to declare dividends when appropriate while maintaining adequate liquidity to support portfolio origination and business expansion. While the Company intends to follow this dividend framework, specific dividend declarations remain at the Board's discretion based on business conditions.
The policy provides the Board with flexibility to declare dividends when appropriate while maintaining adequate liquidity to support portfolio origination and business expansion. While the Company intends to follow this dividend framework, specific dividend declarations remain at the Board's discretion based on business conditions.
About Abacus
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovation, 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.
Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovation, 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.
Investor Relations
David Jackson – Head of Investor Relations
david@abacusgm.com
(321) 299-0716
David Jackson – Head of Investor Relations
david@abacusgm.com
(321) 299-0716
Public Relations
press@abacusgm.com
press@abacusgm.com