SEC 8-K filings with transcript text
Aug 6, 2026
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~ Reports Record Second Quarter 2026 Total Revenue of $73.0 Million ~
~ Adjusted Net Income1 of $27.1 Million and Adjusted EPS1 of $0.28 Exceed High End of Guidance Ranges; Adjusted EBITDA1 Grows to Record $39.9 Million ~
~ Surpasses First-Half 2026 Longevity Funds Target, Raising $544.2 Million in New Capital, Exceeding $500 Million Goal ~
~ Projects Continued Growth with Third Quarter 2026 Adjusted EPS1 of $0.26–$0.28, Up to 17% Year-Over-Year ~
ORLANDO, Fla. – August 6, 2026 – Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services with a focus on longevity-based assets and personalized financial planning, today reported results for the second quarter ended June 30, 2026.
Jay Jackson, Chief Executive Officer of Abacus, remarked, “Abacus continues to build the intelligence layer for lifespan-linked finance. We're building a new category in financial planning and infrastructure: longevity and LifeARC as the foundation for how families plan and transfer wealth across generations, grounded in the liquidity and data only Abacus can provide.”
Mr. Jackson continued, “This was a record quarter for Abacus, and our results reflect that momentum. Revenue grew 30% year-over-year to $73.0 million, and our longevity funds raised $544.2 million in the first half, surpassing our $500 million target. We also launched the ABX Longevity Growth and Income Fund, our first registered vehicle open to individual investors, and began tokenizing in-force policies to bring transparency to the secondary market. Our early results with Manning & Napier confirm the playbook. Each of these moves reinforces the same flywheel, and we've never had more confidence in where this business is headed.”
Second Quarter 2026 Highlights
Metric2Q262Q25Note
Total Revenue$73.0M$56.2M+30% YoY driven by strong Life Solutions growth
GAAP net income$6.6M$17.6MDown 63% YoY on strategic business expenses and personnel costs from acquisitions and growth across asset management, wealth management and technology
Operating Cash Flow (YTD)$130.9M$14.5M+$116.4M increase YoY (presented as YTD figures); demonstrates cash generation capacity of platform
Second Quarter 2026 Non-GAAP Highlights
Metric2Q262Q25Note
Adjusted net income (Gross)1 $27.1M$21.9M+24% YoY
Adjusted EPS (Gross) 1 $0.28 $0.23 +22% YoY; based on diluted share count
Adjusted EBITDA1 $39.9M$31.5M+27% YoY
Adjusted EBITDA margin1 54.7 %56.1 %Maintains high margin level while growing the business
Second Quarter 2026 Efficiency Movers
Metric2Q262Q25Note
Annualized ROIC1 23 %22 %+90 bps YoY
Annualized ROE1 25 %21 %+400 bps YoY
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 6.
Metric2Q262Q25Note
Annualized turnover ratio2.0x2.3xWithin long-term target of 1.5x to 2.0x
Average realized gain25 %26 %Exceeds long-term target of 20%, reflecting strong origination discipline
Other Second Quarter 2026 Highlights
•For the first half of 2026, Abacus surpassed its $500 million longevity funds inflow target, raising $544.2 million in new capital, compared to $604 million raised during all of 2025. Capital inflows in the second quarter alone totaled approximately $256.1 million.
•Following the quarter's end, Abacus received SEC effectiveness for and launched the ABX Longevity Growth and Income Fund (ticker: ABXGX), the Company's first registered interval fund dedicated to the longevity asset class, providing individual investors and their advisors direct access to the strategy for the first time.
•During the quarter, Abacus began tokenizing in-force life insurance policies, building an on-chain record of each policy's chain of title, liens and cash-flow rights to bring greater transparency and liquidity to the secondary life insurance market.
•In May 2026, Abacus completed its previously announced $53 million minority equity investment in Manning & Napier, Inc., a diversified wealth and asset management firm with approximately $18 billion in total AUM and 3,400 clients. In connection with the closing, the parties entered into a Strategic Alliance Agreement and have since established a live referral channel between the two firms and begun rolling out Abacus's LifeARC platform across Manning & Napier's advisor network.
Liquidity and Capital
As of June 30, 2026, the Company had cash and cash equivalents of $23.4 million, balance sheet policy assets held at fair value of $383.0 million, and total outstanding debt, net of deferred issuance costs and discounts, of $330.6 million. The Company generated $130.9 million in operating cash flow during the six months ended June 30, 2026, compared to $14.5 million in the prior-year period, reflecti
May 7, 2026
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~ Raises Full-Year 2026 Adjusted Net Income1 Guidance to $100–$106 Million, Up to 24% Increase Year-Over-Year; Issues Q2 Adjusted Net Income Guidance of $24–$26 Million ~
~ Issues Full-Year 2026 Adjusted EPS1 Guidance of $1.00–$1.05; Q2 Adjusted EPS Guidance of $0.24–$0.26 ~
~ Generates $91.7 Million in Operating Cash Flow, an Increase of More Than $153 Million Year-Over-Year ~
~ Longevity Income Funds AUM Grows Nearly 4x Year-Over-Year to Approximately $1 Billion ~
~ Adjusted Net Income1 Increases 17% Year-Over-Year to $20.1 Million; Adjusted EBITDA1 Grows 33.3% to $32.7 Million ~
ORLANDO, Fla. – May 7, 2026 – Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services with a focus on longevity-based assets and personalized financial planning, today reported results for the first quarter ended March 31, 2026.
Jay Jackson, Chief Executive Officer of Abacus commented, “This quarter, the results reflect both the execution of our platform and the moment this asset class is having. Gross AUM reached approximately $3.6 billion on $378 million of gross capital inflows, longevity income fund AUM has grown nearly 4x year-over-year approaching $1 billion, and we deployed $163.6 million in origination capital. At the same time, we returned 100% of investor capital in our LMA Income II Fund at term, on time, as promised, with two-thirds of those investors choosing to recommit or extend their investment. That is not a capital return event. That is a validation. Our assets are mortality-driven, structurally uncorrelated to credit and equity cycles, and in this macro environment, that distinction is driving institutional demand. We increased our 2026 guidance, and our strategic initiatives including our investment in Manning & Napier and a second securitization are advancing on schedule. Quarter after quarter, we do what we say we will do.”
First Quarter 2026 Highlights
Metric1Q261Q25Note
Total Revenue$59.4M$44.1M+35% YoY driven by strong Life Solutions growth
Origination capital deployment$163.6M$125.9M+30% YoY; 659 policies held (vs. 753 in 1Q25)
GAAP net income$7.3M$4.6M+59%
Operating Cash Flow$91.7M($61.6M)+$153M increase YoY; demonstrates cash generation capacity of platform
First Quarter 2026 Non-GAAP Highlights
Metric1Q261Q25Note
Adjusted net income1 $20.1M$17.3M+17% YoY
Adjusted EPS (basic) 1 $0.21 $0.18 +17% YoY
Adjusted EBITDA1 $32.7M$24.5M+33% YoY
Adjusted EBITDA margin1 55.0 %55.6 %Maintains high margin level while growing the business
First Quarter 2026 Efficiency Movers
Metric1Q261Q25Note
Annualized ROIC1 17 %17 %Maintained YoY
Annualized ROE1 19 %16 %+19% YoY
(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 8.
Annualized turnover ratio1.9x0.8xWithin long-term target of 1.5x to 2.0x
Average Realized Gain26 %21 %Exceeds long-term target of 20%, reflecting strong origination discipline
First Quarter 2026 Capital Return Update
Metric1Q26Note
Share repurchase program$20MBoard approved additional repurchases of up to $20 million in January 2026, reflecting confidence in long-term business model, recurring earnings, and capital strength
Other First Quarter 2026 Highlights
•On March 12, 2026, Abacus entered into a definitive agreement to acquire an approximately $53 million minority equity stake in Manning & Napier, Inc., a diversified wealth and asset management firm with approximately $18 billion in total AUM. In connection with the investment, the parties will enter into a Strategic Alliance Agreement designed to drive product distribution, lead generation and referrals, and joint product development across the two platforms. The transaction is expected to close in Q2 2026, subject to customary closing conditions including regulatory approvals.
•During Q1 2026, Abacus returned 100% of investor capital in its LMA Income II Fund at term, on time, and as promised, with approximately two-thirds of investors electing to re-commit or extend their investment. The successful capital return underscores the reliability of the Company’s fund structures and the growing institutional confidence in longevity-based investment products.
•Following the quarter’s end, on April 17, 2026, Abacus announced several key leadership appointments: Alexei Solomon, CPA, Abacus’ Treasurer was elevated to also serve as our Chief Accounting Officer. Elena Plesco was named Abacus’ Chief Investment Officer. Samantha Butcher, President of Abacus Life Solutions, was elevated to an Executive Officer of Abacus. Bill McCauley, Abacus’ Chief Financial Officer was also appointed as Chief Operating Officer. Additionally, with the appointment of Mr. Solomon to the role of Chi
Mar 12, 2026
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~ Company Delivers Another Record Quarter, Beating Average Consensus by 20% ~
~ Marks 11 Consecutive Quarters of Strong Earnings Growth ~
~ Fourth Quarter and Full Year 2025 Revenue Up Over 100% Year-Over-Year ~
~ Full Year 2025 GAAP Net Income of $36.5 Million; Adjusted Net Income of $85.7 Million ~
~ Initiates Full Year 2026 Outlook for Adjusted Net Income to Between $96 and $104 Million ~
~ Outlines Long-Term Strategic Growth Targets ~
ORLANDO, Fla. – March 12, 2026 – Abacus Global Management, Inc. ("Abacus" or the "Company") (NYSE: ABX), a leader in the alternative asset management industry, today reported results for the fourth quarter and full year ended December 31, 2025.
Jay Jackson, Chief Executive Officer of Abacus commented, "We closed the year by delivering another strong quarter, achieving eleven consecutive quarters beating consensus. Quarter after quarter, we hit our guidance, exceeded expectations, expanded margins, and grew our asset base to approximately $3.6 billion—all while executing disciplined capital allocation with ROE and ROIC above 20%. Real results consistently delivered, not aspirations. This track record should give shareholders confidence as we lay out our 5-year path to becoming a mid-cap company operating at approximately $450 million in Adjusted EBITDA at scale, with recurring revenue representing 70% of our total revenue mix."
Fourth Quarter 2025 Highlights
•Total revenue for the fourth quarter grew 116% to $71.9 million, compared to $33.2 million in the prior-year period. The increase was driven by a $32.9 million increase in Life Solutions revenue, a $5.6 million increase in Asset Management revenue, and a $235 thousand increase in Technology Services revenue.
•Origination capital deployment continued to expand, increasing by 82% for the quarter to $230.7 million, compared to $126.5 million in the prior-year period.
•GAAP net income attributable to shareholders was $7.2 million, compared to GAAP net loss of $18.3 million in the prior-year period. The increase was primarily driven by an increase in Life Solutions and Asset Management revenue and a decrease in operating expenses, partially offset by an increase in interest expenses and depreciation and amortization expenses.
•Adjusted net income (a non-GAAP financial measure) increased 71% year-over-year to $23.0 million compared to $13.4 million in the prior year period. Adjusted diluted earnings per share for the fourth quarter of 2025 was $0.23, compared to $0.16 in the prior-year period.
•Adjusted EBITDA (a non-GAAP financial measure) for the fourth quarter of 2025 increased 132% to $38.6 million, compared to $16.6 million in the prior-year period. Adjusted EBITDA margin (a non-GAAP financial measure) for the fourth quarter of 2025 was 54%, compared to 50.0% in the prior-year period.
•Annualized return on invested capital (ROIC) (a non-GAAP financial measure) for the fourth quarter of 2025 was 21%, compared to 11% in the prior year period.
•Annualized Return on equity (ROE) (a non-GAAP financial measure) for the fourth quarter of 2025 was 22%, compared to 13% in the prior year period.
•Annualized Turnover Ratio (a non-GAAP financial measure) for the fourth quarter of 2025 was 2.6x, driven by meaningful capital inflows into our longevity-based funds and execution of our first securitization, exceeding the long-term target of 1.5x to 2.0x. This compares to the 2.0x Turnover Ratio reported in the third quarter of 2025.
•Average Realized Gain (a non-GAAP financial measure) for the fourth quarter of 2025 was 27%. This compares to 37% in the third quarter of 2025.
•Completed a strategic acquisition of AccuQuote that broadens Abacus’ financial services capabilities and strengthens its ability to deliver integrated protection, wealth accumulation, and preservation solutions across the client lifecycle.
•Enhanced shareholder returns through the approval of an inaugural annual cash dividend of $0.20 per share and authorization of a $20 million share repurchase program, reflecting confidence in Abacus’ long-term business model, recurring earnings, and capital strength.
•Completed the transfer of its Class A common stock listing to the New York Stock Exchange (“NYSE”), with shares now trading under the ticker symbol “ABX,” enhancing Abacus’ visibility among institutional investors and supporting long-term shareholder value creation.
Full Year 2025 Highlights
•Full year 2025 total revenues grew 110% to $235.2 million, compared to $111.9 million in the prior year, primarily driven by a $30.2 million increase in Asset Management revenue, $92.4 million increase in Life Solutions revenue, as well as a $684 thousand increase in Technology Services revenue.
•Originations capital deployment for the full year 2025 was $580.8 million, an increase of 53% from the prior year; number of
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