Abacus Global Management, Inc.

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About 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.

Sep 30, 2025 · Filed Nov 7, 2025

ABX$8.99+2.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	September 30,2025(unaudited)	December 31,2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$86,418,953	$131,944,282
Accounts receivable	30,392,121	15,785,531
Accounts receivable, related party	13,863,196	7,113,369
Income taxes receivable	2,740,362	2,099,673
Prepaid expenses and other current assets	4,738,492	2,621,791
Total current assets	138,153,124	159,564,646
Property and equipment, net	1,590,408	1,025,066
Intangible assets, net	70,491,008	79,786,793
Goodwill	248,959,637	238,296,200
Operating right-of-use assets	4,716,584	4,722,573
Management and performance fee receivable, related party	15,465,366	13,379,301
Life settlement policies, at fair value	423,782,347	370,398,447
Life settlement policies, at cost	905,349	1,083,977
Available-for-sale securities, at fair value; net of allowance for credit losses of $622,788 and $— at September 30, 2025 and December 31, 2024, respectively	3,194,593	2,205,904
Other investments	9,850,000	1,850,000
Other assets	1,829,114	1,851,845
TOTAL ASSETS	$918,937,530	$874,164,752
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt, at fair value	$118,498,871	$37,430,336
Current portion of long-term debt	1,000,000	1,000,000
Accrued expenses	8,691,570	6,139,472
Current operating lease liabilities	671,281	515,597
Contract liabilities, deposits on pending settlements	358,983	2,473,543
Accrued transaction costs	2,523,953	483,206
Other current liabilities	15,783,293	14,423,925
Income taxes payable	910,545	—
Total current liabilities	148,438,496	62,466,079
Long-term debt, net	276,072,681	224,742,029
Long-term debt, at fair value	—	105,120,100
Long-term debt, related party	13,699,103	12,525,635
Retrocession fees payable	5,361,714	5,312,214
Noncurrent operating lease liabilities	4,535,901	4,580,158
Deferred tax liability	31,235,642	26,778,865
Warrant liability	—	9,345,000
TOTAL LIABILITIES	479,343,537	450,870,080

ABACUS GLOBAL MANAGEMENT, INC.

CONSOLIDATED BALANCE SHEETS (CONT.)

	September 30,2025(unaudited)	December 31,2024
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; 104,430,882 and 96,731,194 shares issued at September 30, 2025 and December 31, 2024, respectively	10,443	10,133
Treasury stock - at cost; 6,726,082 and 1,048,226 shares repurchased at September 30, 2025 and December 31, 2024, respectively	(50,269,042)	(12,025,137)
Additional paid-in capital	513,709,228	494,064,113
Accumulated deficit	(28,856,636)	(57,896,606)
Noncontrolling interest	—	(857,831)
TOTAL STOCKHOLDERS' EQUITY	434,593,993	423,294,672
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY	$918,937,530	$874,164,752

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.