Abacus Global Management, Inc.
For the period ended Mar 31, 2025. Filed May 8, 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.
Mar 31, 2025 · Filed May 8, 2025
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 Balance Sheets
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS
| March 31,2025(unaudited) | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $43,761,731 | $131,944,282 |
| Accounts receivable | 6,251,043 | 15,785,531 |
| Accounts receivable, related party | 6,196,493 | 7,113,369 |
| Due from affiliates | 1,666,047 | 1,527,062 |
| Income taxes receivable | 1,946,728 | 2,099,673 |
| Prepaid expenses and other current assets | 1,639,257 | 1,094,729 |
| Total current assets | 61,461,299 | 159,564,646 |
| Property and equipment, net | 1,182,611 | 1,025,066 |
| Intangible assets, net | 75,110,105 | 79,786,793 |
| Goodwill | 238,296,200 | 238,296,200 |
| Operating right-of-use assets | 4,673,433 | 4,722,573 |
| Management and performance fee receivable, related party | 14,037,322 | 13,379,301 |
| Life settlement policies, at cost | 1,096,866 | 1,083,977 |
| Life settlement policies, at fair value | 446,207,963 | 370,398,447 |
| Available-for-sale securities, at fair value | 2,743,338 | 2,205,904 |
| Other investments | 9,850,000 | 1,850,000 |
| Other assets | 1,850,148 | 1,851,845 |
| TOTAL ASSETS | $856,509,285 | $874,164,752 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Current portion of long-term debt, at fair value | $117,094,610 | $37,430,336 |
| Current portion of long-term debt | 1,000,000 | 1,000,000 |
| Accrued expenses | 2,756,688 | 6,139,472 |
| Current operating lease liabilities | 514,137 | 515,597 |
| Contract liabilities, deposits on pending settlements | 600,295 | 2,473,543 |
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS (CONT.)
| March 31,2025(unaudited) | December 31,2024 | |
|---|---|---|
| Accrued transaction costs | — | 483,206 |
| Other current liabilities | 8,834,692 | 14,423,925 |
| Total current liabilities | 130,800,422 | 62,466,079 |
| Long-term debt, net | 225,065,112 | 224,742,029 |
| Long-term debt, at fair value | — | 105,120,100 |
| Long-term debt, related party | 12,905,174 | 12,525,635 |
| Retrocession fees payable | 5,361,714 | 5,312,214 |
| Noncurrent operating lease liabilities | 4,460,924 | 4,580,158 |
| Deferred tax liability | 28,185,913 | 26,778,865 |
| Warrant liability | 14,151,000 | 9,345,000 |
| TOTAL LIABILITIES | 420,930,259 | 450,870,080 |
| COMMITMENTS AND CONTINGENCIES (Note 12) | ||
| MEZZANINE EQUITY | ||
| Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 issued and outstanding | 5,000,000 | — |
| STOCKHOLDERS' EQUITY | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 96,853,039 and 96,731,194 shares issued at March 31, 2025 and December 31, 2024, respectively | 9,790 | 10,133 |
| Treasury stock - at cost; 1,048,226 and 1,048,226 shares repurchased at March 31, 2025 and December 31, 2024, respectively | (12,025,137) | (12,025,137) |
| Additional paid-in capital | 495,949,787 | 494,064,113 |
| Accumulated deficit | (53,257,026) | (57,896,606) |
| Noncontrolling interest | (98,388) | (857,831) |
| Total stockholders' equity | 430,579,026 | 423,294,672 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $856,509,285 | $874,164,752 |
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