Abacus Global Management, Inc.
For the period ended Dec 31, 2025. Filed Mar 13, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 13, 2026
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Income (Loss)
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31,
| 2025 | 2024 | |
|---|---|---|
| REVENUES: | ||
| Asset management | $4,176,718 | $722,317 |
| Asset management, related party | 29,668,675 | 2,891,333 |
| Life solutions | 163,172,600 | 104,964,306 |
| Life solutions, related party | 37,502,458 | 3,312,202 |
| Technology services | 717,185 | 33,628 |
| TOTAL REVENUES | 235,237,636 | 111,923,786 |
| COST OF REVENUES (excluding depreciation and amortization stated below): | ||
| Cost of revenue (including stock-based compensation) | 28,858,034 | 11,371,733 |
| GROSS PROFIT | 206,379,602 | 100,552,053 |
| OPERATING EXPENSES: | ||
| Sales and marketing | 14,582,253 | 9,063,384 |
| General and administrative (including stock-based compensation) | 87,796,971 | 81,734,518 |
| (Gain) loss on change in fair value of debt | (3,362,103) | 4,835,351 |
| Unrealized loss on equity securities, at fair value | — | 238,012 |
| Realized gain on equity securities, at fair value | — | (2,341,066) |
| Depreciation and amortization expense | 18,605,114 | 7,910,158 |
| TOTAL OPERATING EXPENSES | 117,622,235 | 101,440,357 |
| OPERATING INCOME (LOSS) | 88,757,367 | (888,304) |
| OTHER INCOME (EXPENSE): | ||
| Loss on change in fair value of warrant liability | (1,704,193) | (2,702,040) |
| Interest expense | (38,793,937) | (18,279,686) |
| Interest income | 3,860,997 | 2,398,691 |
| Other income, net | 625,839 | 38,040 |
| TOTAL OTHER EXPENSE | (36,011,294) | (18,544,995) |
| NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES | 52,746,073 | (19,433,299) |
| Income tax expense | 15,434,121 | 5,484,738 |
| NET INCOME (LOSS) | 37,311,952 | (24,918,037) |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | 786,683 | (956,987) |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36,525,269 | $(23,961,050) |
| EARNINGS (LOSS) PER SHARE: | ||
| Earnings (loss) per share - basic | $0.38 | $(0.34) |
| Earnings (loss) per share - diluted | $0.36 | $(0.34) |
| Weighted-average stock outstanding—basic | 96,141,753 | 70,761,830 |
| Weighted-average stock outstanding—diluted | 99,230,950 | 70,761,830 |
| NET INCOME (LOSS) | $37,311,952 | $(24,918,037) |
| Other comprehensive income (loss), net of tax or tax benefit: | ||
| Change in fair value of debt (risk adjusted) | — | (158,579) |
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | — | 11,079 |
| COMPREHENSIVE INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS | 37,311,952 | (25,065,537) |
| Net and comprehensive income (loss) attributable to non-controlling interests | 786,683 | (996,114) |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36,525,269 | $(24,069,423) |
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