Abacus Global Management, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
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.
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 EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUES: | ||
| Asset management | $7,773,077 | $217,935 |
| Life solutions | 36,298,657 | 21,269,249 |
| Technology services | 67,612 | — |
| Total revenues | 44,139,346 | 21,487,184 |
| COST OF REVENUES (excluding depreciation and amortization stated below): | ||
| Cost of revenue (including stock-based compensation) | 7,108,407 | 2,720,212 |
| Related party cost of revenue | — | 685 |
| Total cost of revenue | 7,108,407 | 2,720,897 |
| GROSS PROFIT | 37,030,939 | 18,766,287 |
| OPERATING EXPENSES: | ||
| Sales and marketing | 2,616,000 | 1,929,944 |
| General and administrative (including stock-based compensation) | 12,263,786 | 11,353,499 |
| Change in fair value of debt | (3,362,103) | 2,712,627 |
| Unrealized gain on investments | (272,254) | (1,164,966) |
| Depreciation and amortization expense | 4,758,546 | 1,682,054 |
| Total operating expenses | 16,003,975 | 16,513,158 |
| OPERATING INCOME | 21,026,964 | 2,253,129 |
| OTHER INCOME (EXPENSE): | ||
| Change in fair value of warrant liability | (4,806,000) | 946,960 |
| Interest expense | (9,618,330) | (3,670,445) |
| Interest income | 1,175,001 | 421,426 |
| Other expense | (44,524) | (53,028) |
| Total other (expense) | (13,293,853) | (2,355,087) |
| Net income (loss) before provision for income taxes | 7,733,111 | (101,958) |
| Income tax expense | 2,334,085 | 1,173,513 |
| NET INCOME (LOSS) | 5,399,026 | (1,275,471) |
| LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST | 759,443 | 73,274 |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | $4,639,583 | $(1,348,745) |
| EARNINGS (LOSS) PER SHARE: | ||
| Earnings (loss) per share—basic | $0.05 | $(0.02) |
| Earnings (loss) per share—diluted | $0.05 | $(0.02) |
| Weighted-average stock outstanding—basic | 96,193,199 | 63,027,246 |
| Weighted-average stock outstanding—diluted | 97,498,923 | 63,027,246 |
| NET INCOME (LOSS) | 5,399,026 | (1,275,471) |
| Other comprehensive income (loss), net of tax or tax benefit: | ||
ABACUS GLOBAL MANAGEMENT, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (CONT.)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Change in fair value of debt (risk adjusted) | — | 7,436 |
| Comprehensive income (loss) before non-controlling interests | 5,399,026 | (1,268,035) |
| Net and comprehensive income attributable to non-controlling interests | 759,443 | 68,760 |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS | $4,639,583 | $(1,336,795) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.