Abacus Global Management, Inc.

For the period ended Mar 31, 2026. Filed May 11, 2026.

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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.

Mar 31, 2026 · Filed May 11, 2026

ABX$9.13+1.6%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Cash Flows

ABACUS GLOBAL MANAGEMENT, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Three Months Ended March 31,
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$7,266,192	$5,399,026
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	3,934,086	4,758,546
Stock-based compensation	6,343,401	2,355,396
Amortization of debt issuance costs	864,351	494,130
Unrealized gain on other investments	—	(272,254)
Unrealized loss (gain) on policies, at fair value	35,205,286	(27,012,517)
Gain on change in fair value of debt	—	(3,362,103)
Loss on change in fair value of warrant liability	—	4,806,000
Deferred income taxes	(2,673,302)	1,407,048
Non-cash interest income	(38,859)	(37,434)
Non-cash interest expense, related party	427,674	379,539
Non-cash interest expense	—	117,616
Non-cash lease (benefit) expense	178,088	(71,554)
Changes in operating assets and liabilities:
Accounts receivable	5,822,336	9,534,488
Accounts receivable, related party	(3,977,806)	(399,166)
Management and performance fee receivable, related party	290,952	658,021
Prepaid expenses and other current assets	(1,806,206)	(544,528)
Other Investments	(2,350,000)	—
Other assets	(10,641)	273,951
Accrued expenses	(3,788,419)	(3,382,784)
Accrued transaction costs	(135,479)	(483,206)
Contract liabilities, deposits on pending settlement	597,344	(1,873,248)
Other current liabilities	(1,760,134)	(5,589,233)
Income tax payable	6,113,984	-
Income tax receivable	314,833	152,945
Retrocession fees payable	—	49,500
Due from affiliates	—	(138,985)
Net change in life settlement policies, at fair value	40,881,780	(48,796,999)
Net change in life settlement policies, at cost	(13,048)	(12,889)

ABACUS GLOBAL MANAGEMENT, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT.)

FOR THE YEARS ENDED MARCH 31,

	Three Months Ended March 31,
	2026	2025
Net cash provided by (used in) operating activities	91,686,413	(61,590,694)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(133,891)	(224,371)
Purchase of intangible assets	(747,851)	(15,032)
Purchase of other investments	(50,000)	(3,000,000)
Purchase of available for sale securities	—	(500,000)
Net cash used in investing activities	(931,742)	(3,739,403)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of long term debt	744,367	16,189,871
Payment of discounts and financing costs	(682)	(156,793)
Repayment of debt	(77,853,203)	(38,415,464)
Common stock issuance transaction costs	—	(470,068)
Repurchase of common stock	(14,453,988)	—
Payment of Series A Convertible Preferred dividend	(93,750)	—
Net cash used in financing activities	(91,657,256)	(22,852,454)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(902,585)	(88,182,551)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	38,112,332	131,944,282
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	$37,209,747	$43,761,731
NON-CASH OPERATING, INVESTING, AND FINANCING ACTIVITIES:
Non-cash investment in other investments	$—	$5,000,000
Non-cash issuance of series A convertible preferred stock	—	5,000,000
SUPPLEMENTAL DISCLOSURES:
Interest paid	9,167,637	5,372,786
Unrealized gain on equity investments	5,400,000	—
Impairment loss on equity investments	(3,050,000)	—

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