Abacus Global Management, Inc.
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 7, 2025
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Consolidated Statements of Operations and Comprehensive Income (Loss)
ABACUS GLOBAL MANAGEMENT, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| Three Months EndedSeptember 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| REVENUES: | ||||
| Asset management | $1,058,250 | $59,847 | $3,173,732 | $176,815 |
| Asset management, related party | 7,575,553 | 56,539 | 21,995,024 | 362,394 |
| Life solutions | 45,536,880 | 28,032,105 | 112,059,764 | 78,172,568 |
| Life solutions, related party | 8,585,697 | — | 25,662,314 | — |
| Technology services | 218,776 | — | 448,288 | — |
| TOTAL REVENUES | 62,975,156 | 28,148,491 | 163,339,122 | 78,711,777 |
| COST OF REVENUES (excluding depreciation and amortization stated below): | ||||
| Cost of revenue (including stock-based compensation) | 7,655,698 | 2,187,981 | 20,818,749 | 7,652,412 |
| GROSS PROFIT | 55,319,458 | 25,960,510 | 142,520,373 | 71,059,365 |
| OPERATING EXPENSES: | ||||
| Sales and marketing | 3,799,884 | 2,169,197 | 9,683,599 | 6,651,942 |
| General and administrative (including stock-based compensation) | 24,706,314 | 15,489,503 | 55,896,429 | 41,396,346 |
| (Gain) loss on change in fair value of debt | — | 124,237 | (3,362,103) | 4,036,327 |
| Unrealized gain on equity securities, at fair value | — | (417,677) | — | (1,220,161) |
| Realized gain on equity securities, at fair value | — | — | — | (856,744) |
| Depreciation and amortization expense | 4,400,082 | 1,745,279 | 14,342,711 | 5,177,785 |
| TOTAL OPERATING EXPENSES | 32,906,280 | 19,110,539 | 76,560,636 | 55,185,495 |
| OPERATING INCOME | 22,413,178 | 6,849,971 | 65,959,737 | 15,873,870 |
| OTHER INCOME (EXPENSE): | ||||
| Loss on change in fair value of warrant liability | (1,081,193) | (8,766,500) | (1,704,193) | (8,487,040) |
| Interest expense | (9,738,472) | (4,218,314) | (28,108,947) | (12,417,946) |
| Interest income | 803,648 | 609,496 | 2,990,927 | 1,670,828 |
| Other (expense) income | (629,127) | (9,832) | 2,044,521 | 132,610 |
| TOTAL OTHER INCOME (EXPENSE) | (10,645,144) | (12,385,150) | (24,777,692) | (19,101,548) |
| NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES | 11,768,034 | (5,535,179) | 41,182,045 | (3,227,678) |
| Income tax expense (benefit) | 4,692,686 | (250,368) | 11,096,742 | 2,680,855 |
| NET INCOME (LOSS) | 7,075,348 | (5,284,811) | 30,085,303 | (5,908,533) |
| LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | — | (159,756) | 786,683 | (204,716) |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $7,075,348 | $(5,125,055) | $29,298,620 | $(5,703,817) |
| EARNINGS (LOSS) PER SHARE: | ||||
| Earnings (loss) per share - basic | $0.07 | $(0.07) | $0.30 | $(0.09) |
| Earnings (loss) per share - diluted | $0.07 | $(0.07) | $0.30 | $(0.09) |
| Weighted-average stock outstanding—basic | 95,956,504 | 74,694,319 | 95,612,432 | 66,984,401 |
| Weighted-average stock outstanding—diluted | 96,651,911 | 74,694,319 | 96,962,810 | 66,984,401 |
ABACUS GLOBAL MANAGEMENT, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (CONT.)
| Three Months EndedSeptember 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| NET INCOME (LOSS) | $7,075,348 | $(5,284,811) | $30,085,303 | $(5,908,533) |
| Other comprehensive income (loss), net of tax or tax benefit: | ||||
| Change in fair value of debt (risk adjusted) | — | (53,656) | — | (111,835) |
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | — | 11,079 | — | 11,079 |
| COMPREHENSIVE INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS | 7,075,348 | (5,327,388) | 30,085,303 | (6,009,289) |
| Net and comprehensive (loss) income attributable to non-controlling interests | — | (170,730) | 786,683 | (229,820) |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $7,075,348 | $(5,156,658) | $29,298,620 | $(5,779,469) |
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