Abacus Global Management, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $62.98 million for the three months ended September 30, 2025, a substantial increase from $28.15 million in the same period last year. This growth was driven primarily by the asset management and life solutions segments, which saw revenues of $8.63 million and $54.12 million, respectively. The company’s net income for the quarter was $7.08 million, compared to a net loss of $5.28 million in the prior year, marking a notable turnaround in profitability.
The company’s financial performance reflects a strategic shift following several acquisitions, including the purchase of Carlisle Management Company and FCF Advisors, which contributed to the surge in asset management fees and life solutions revenue. The asset management revenue increased by 7,318.2% year-over-year, while life solutions revenue rose by 93.1%. The total gross profit for the quarter was $55.32 million, up 113.1% from $25.96 million in the previous year, indicating improved operational efficiency and revenue generation capabilities.
Operationally, Abacus reported a total of 522 life settlement policies held as of September 30, 2025, with a fair value of $423.78 million, up from $370.40 million at the end of 2024. The company also noted a significant increase in its assets under management, which reached approximately $2.91 billion, reflecting a strong inflow of new subscriptions and a favorable market environment for life settlement policies. The average realized gain on policies sold improved markedly, rising from 19.0% to 36.6% year-over-year, driven by increased institutional demand for uncorrelated assets.
Despite the positive financial results, the company faced challenges, including a rise in operating expenses, which increased by 72.1% to $32.91 million for the quarter, primarily due to higher sales and marketing costs and general administrative expenses associated with the acquisitions. The company’s total liabilities also increased to $479.34 million, up from $450.87 million at the end of 2024, largely due to the issuance of new debt to finance its growth initiatives.
Looking ahead, Abacus Global Management remains optimistic about its growth trajectory, citing strong demand for its life solutions and asset management services. The company plans to leverage its expanded capital base to acquire additional life settlement policies and enhance its service offerings. Management anticipates that the strategic acquisitions will continue to drive revenue growth and improve profitability in the coming quarters, positioning the company favorably in the alternative asset management sector.
About Abacus Global Management, Inc.
Abacus Global Management, Inc. specializes in alternative asset management focused on life settlements, leveraging proprietary data analytics and technology to acquire, manage, and trade life insurance policies. Operating through divisions in life solutions, asset management, wealth management, and longevity technology, it serves institutional investors, financial advisors, and consumers. The company’s model centers on monetizing life insurance assets, offering risk-adjusted returns from a largely uncorrelated asset class within a regulated, under-penetrated market.
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