Abacus Global Management, Inc.

For the period ended Dec 31, 2025. Filed Mar 13, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 13, 2026

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

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Contents

Consolidated Balance Sheets

ABACUS GLOBAL MANAGEMENT, INC.

CONSOLIDATED BALANCE SHEETSAS OF DECEMBER 31,

	2025	2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$38,112,332	$131,944,282
Accounts receivable	18,082,473	15,785,531
Accounts receivable, related party	9,320,103	7,113,369
Income taxes receivable	411,055	2,099,673
Prepaid expenses and other current assets	3,646,850	2,621,791
Total current assets	69,572,813	159,564,646
Property and equipment, net	1,597,896	1,025,066
Intangible assets, net	66,360,444	79,786,793
Goodwill	252,779,884	238,296,200
Operating right-of-use assets	4,561,692	4,722,573
Management and performance fee receivable, related party	14,800,140	13,379,301
Life settlement policies, at fair value	468,857,929	370,398,447
Life settlement policies, at cost	918,305	1,083,977
Available-for-sale securities, at fair value; net of allowance for credit losses of $1,245,575 and $— at December 31, 2025 and 2024, respectively	3,108,750	2,205,904
Other investments	18,253,585	1,850,000
Other assets	1,428,820	1,851,845
TOTAL ASSETS	$902,240,258	$874,164,752
LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of long-term debt, at fair value	$114,424,000	$37,430,336
Current portion of long-term debt	1,500,000	1,000,000
Accrued expenses	10,935,292	6,139,472
Current operating lease liabilities	720,186	515,597
Contract liabilities, deposits on pending settlements	169,184	2,473,543
Accrued transaction costs	2,336,177	483,206
Other current liabilities	15,853,016	14,423,925
Income taxes payable	2,653,366	—
Total current liabilities	148,591,221	62,466,079

ABACUS GLOBAL MANAGEMENT, INC.

CONSOLIDATED BALANCE SHEETS (CONT.)

AS OF DECEMBER 31,

	2025	2024
Long-term debt, net	275,780,392	224,742,029
Long-term debt, at fair value	—	105,120,100
Long-term debt, related party	14,114,199	12,525,635
Retrocession fees payable	5,361,714	5,312,214
Noncurrent operating lease liabilities	4,637,642	4,580,158
Deferred tax liability	30,214,160	26,778,865
Warrant liability	—	9,345,000
TOTAL LIABILITIES	478,699,328	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 and — shares issued and outstanding at December 31, 2025 and 2024, respectively	5,000,000	—
TOTAL MEZZANINE EQUITY	5,000,000	—
STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding at December 31, 2025 and 2024	—	—
Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 104,879,752 and 96,731,194 shares issued at December 31, 2025 and 2024, respectively	10,488	10,133
Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively	(55,808,595)	(12,025,137)
Additional paid-in capital	515,971,485	494,064,113
Accumulated deficit	(41,632,448)	(57,896,606)
Accumulated other comprehensive income	—	—
Noncontrolling interest	—	(857,831)
TOTAL STOCKHOLDERS' EQUITY	418,540,930	423,294,672
TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY	$902,240,258	$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.