Abacus Global Management, Inc.
For the period ended Jun 30, 2026. Filed Aug 10, 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.
Jun 30, 2026 · Filed Aug 10, 2026
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $13,893,234 | $23,009,955 |
| Adjustments to reconcile net income to net cash used in operating activities: | ||
| Depreciation and amortization | 7,896,531 | 9,942,629 |
| Stock-based compensation | 13,226,381 | 5,842,224 |
| Amortization of debt issuance costs | 1,270,929 | 1,046,835 |
| Unrealized loss (gain) on policies, at fair value | 41,958,891 | (17,877,480) |
| Gain on change in fair value of debt | — | (3,362,103) |
| Loss on change in fair value of warrant liability | — | 623,000 |
| Deferred income taxes | (1,150,337) | 1,720,233 |
| Non-cash interest income | (78,205) | (317,756) |
| Non-cash interest expense, related party | 868,309 | 770,579 |
| Non-cash interest expense | — | 143,630 |
| Non-cash lease expense | 594,284 | 119,315 |
| Non-cash other expense (income) | 2,205,337 | (1,750,000) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (4,729,598) | 1,277,555 |
| Accounts receivable, related party | (807,034) | (6,120,244) |
| Management and performance fee receivable, related party | (387,276) | 1,122,181 |
| Prepaid expenses and other current assets | (886,789) | (2,810,783) |
| Other investments | (1,689,489) | — |
| Other assets | (17,058) | (7,776) |
| Accrued expenses | (2,452,505) | (823,060) |
| Accrued transaction costs | (229,992) | 396,123 |
| Contract liabilities, deposits on pending settlement | 477,859 | (2,427,674) |
| Other current liabilities | 757,009 | (2,391,239) |
| Related party payable | 21,473,912 | — |
| Income tax payable | (2,653,366) | 1,953,834 |
| Income tax receivable | (3,367,811) | 2,276,726 |
| Retrocession fees payable | — | 49,500 |
| Net change in life settlement policies, at fair value | 43,854,789 | 2,131,229 |
ABACUS GLOBAL MANAGEMENT, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT.)
FOR THE YEARS ENDED JUNE 30,
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Net change in life settlement policies, at cost | 918,305 | (25,831) |
| Net cash provided by operating activities | 130,946,310 | 14,511,602 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Origination of note receivable | — | (7,000,000) |
| Acquisition of businesses, net of cash acquired | — | (2,096,021) |
| Purchase of property and equipment | (996,182) | (647,321) |
| Development of intangible assets | (1,037,753) | — |
| Purchase of other investments | (39,689,750) | (3,000,000) |
| Purchase of available for sale securities | — | (1,000,000) |
| Net cash used in investing activities | (41,723,685) | (13,743,342) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Issuance of long term-debt, at fair value | 992,387 | 24,732,253 |
| Payment of discounts and financing costs | (682) | (374,809) |
| Repayment of debt | (78,339,347) | (46,713,206) |
| Repurchase of common stock | (24,359,373) | (35,051,781) |
| Transaction costs | — | (468,128) |
| Payment of Series A Convertible Preferred dividend | (187,500) | — |
| Shares withheld to satisfy taxes on share-based compensation | (2,052,252) | — |
| Net cash used in financing activities | (103,946,767) | (57,875,671) |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (14,724,142) | (57,107,411) |
| 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 | $23,388,190 | $74,836,871 |
| NON-CASH OPERATING, INVESTING, AND FINANCING ACTIVITIES: | ||
| Non-cash issuance of common stock | $15,616,006 | $— |
| 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 | $16,705,594 | $12,730,004 |
| Income taxes paid, net of refunds | 15,282,805 | — |
| Unrealized gain on equity investments | 4,739,489 | — |
| Impairment loss on equity investments | (3,050,000) | — |
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