Abacus Global Management Reports 105.5% Revenue Growth to $44.1 Million

Abacus Global Management, Inc. reported significant financial growth in its latest quarterly results, with total revenues reaching $44.1 million for the three months ended March 31, 2025, compared to $21.5 million in the same period last year, marking an increase of 105.5%. The company's net income attributable to common stockholders was $4.6 million, a substantial turnaround from a loss of $1.3 million in the prior year. This performance translates to earnings per share of $0.05, compared to a loss of $0.02 per share in the first quarter of 2024.

The company's revenue growth was primarily driven by its Asset Management and Life Solutions segments, which reported revenues of $7.8 million and $36.3 million, respectively. The Asset Management segment saw a remarkable increase of 3,466.7% year-over-year, largely due to the contributions from the acquisitions of Carlisle Management Company and FCF Advisors, which were finalized in December 2024. Life Solutions revenue also grew by 70.7%, attributed to realized and unrealized gains from life insurance policies.

In terms of operational metrics, Abacus reported a total of 753 life settlement policies held, with a fair value of $446.2 million as of March 31, 2025, up from $370.4 million at the end of 2024. The company also expanded its asset management capabilities, with assets under management totaling $2.54 billion, reflecting a significant increase from previous periods. The number of policies serviced rose to 2,415, a 223.7% increase, indicating enhanced operational capacity and market engagement.

Despite the positive financial results, the company faced challenges, including a substantial increase in interest expenses, which rose to $9.6 million from $3.7 million year-over-year, primarily due to the issuance of new debt related to acquisitions. Additionally, cash flows from operating activities showed a net outflow of $61.6 million, a stark contrast to the $2.5 million inflow in the prior year, largely due to increased life settlement purchases and unrealized gains.

Looking ahead, Abacus Global Management remains focused on leveraging its recent acquisitions to drive growth and enhance its market position. The company has indicated that it will continue to explore opportunities for further acquisitions and investments in complementary businesses, while managing its liquidity to support ongoing operations and strategic initiatives.