Abacus Global Management, Inc.
For the period ended Jun 30, 2025. Filed Aug 12, 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.
Jun 30, 2025 · Filed Aug 12, 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
Consolidated Balance Sheets
| June 30,2025(unaudited) | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $74,836,871 | $131,944,282 |
| Accounts receivable | 14,512,827 | 15,785,531 |
| Accounts receivable, related party | 10,989,251 | 7,113,369 |
| Income taxes receivable | 145,839 | 2,099,673 |
| Prepaid expenses and other current assets | 5,435,222 | 2,621,791 |
| Total current assets | 105,920,010 | 159,564,646 |
| Property and equipment, net | 1,517,845 | 1,025,066 |
| Intangible assets, net | 71,392,006 | 79,786,793 |
| Goodwill | 238,921,108 | 238,296,200 |
| Operating right-of-use assets | 4,867,682 | 4,722,573 |
| Management and performance fee receivable, related party | 14,501,482 | 13,379,301 |
| Life settlement policies, at fair value | 386,144,698 | 370,398,447 |
| Life settlement policies, at cost | 1,109,808 | 1,083,977 |
| Available-for-sale securities, at fair value | 3,287,463 | 2,205,904 |
| Other investments | 9,850,000 | 1,850,000 |
| Other assets | 10,845,818 | 1,851,845 |
| TOTAL ASSETS | $848,357,920 | $874,164,752 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Current portion of long-term debt, at fair value | $117,869,504 | $37,430,336 |
| Current portion of long-term debt | 1,000,000 | 1,000,000 |
| Accrued expenses | 5,316,412 | 6,139,472 |
| Current operating lease liabilities | 646,851 | 515,597 |
| Contract liabilities, deposits on pending settlements | 45,869 | 2,473,543 |
| Accrued transaction costs | 879,329 | 483,206 |
| Other current liabilities | 12,143,344 | 14,423,925 |
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED BALANCE SHEETS (CONT.)
| June 30,2025(unaudited) | December 31,2024 | |
|---|---|---|
| Income taxes payable | 2,276,726 | — |
| Total current liabilities | 140,178,035 | 62,466,079 |
| Long-term debt, net | 224,895,561 | 224,742,029 |
| Long-term debt, at fair value | — | 105,120,100 |
| Long-term debt, related party | 13,296,214 | 12,525,635 |
| Retrocession fees payable | 5,361,714 | 5,312,214 |
| Noncurrent operating lease liabilities | 4,713,328 | 4,580,158 |
| Deferred tax liability | 28,411,876 | 26,778,865 |
| Warrant liability | 9,968,000 | 9,345,000 |
| TOTAL LIABILITIES | 426,824,728 | 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 | — |
| TOTAL MEZZANINE EQUITY | 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; 97,954,471 and 96,731,194 shares issued at June 30, 2025 and December 31, 2024, respectively | 9,795 | 10,133 |
| Treasury stock - at cost; 6,129,703 and 1,048,226 shares repurchased at June 30, 2025 and December 31, 2024, respectively | (47,076,918) | (12,025,137) |
| Additional paid-in capital | 499,438,543 | 494,064,113 |
| Accumulated deficit | (35,767,080) | (57,896,606) |
| Noncontrolling interest | (71,148) | (857,831) |
| TOTAL STOCKHOLDERS' EQUITY | 416,533,192 | 423,294,672 |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $848,357,920 | $874,164,752 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.