Abacus Global Management, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

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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, 2025 · Filed May 8, 2025

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

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Contents

Unaudited Consolidated Statements of Cash Flows

ABACUS GLOBAL MANAGEMENT, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

	Three Months Ended March 31,
	2025	2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$5,399,026	$(1,275,471)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization	4,758,546	1,682,054
Stock-based compensation	2,355,396	6,093,371
Amortization of debt issuance costs	494,130	92,750
Unrealized gain on investments	(272,254)	(1,164,966)
Unrealized gain on life settlement policies	(27,012,517)	(5,290,554)
(Gain) loss on change in fair value of debt	(3,362,103)	2,712,627
Loss (gain) on change in fair value of warrant liability	4,806,000	(946,960)
Deferred income taxes	1,407,048	456,194
Non-cash interest expense, related party	379,539	—
Non-cash interest expense	117,616	1,258,266
Non-cash lease (benefit) expense	(71,554)	57,290
Non-cash interest income	(37,434)	(39,695)
Changes in operating assets and liabilities:
Accounts receivable	9,534,488	(371,758)
Accounts receivable, related party	(399,166)	(135,524)
Prepaid expenses and other current assets	(544,528)	(495,676)
Management and performance fee receivable, related party	658,021	—
Other assets	273,951	(502,091)
Accrued expenses	(3,382,784)	(3,647,066)
Accrued transaction costs	(483,206)	—
Contract liabilities, deposits on pending settlement	(1,873,248)	160,500
Other current liabilities	(5,589,233)	397,074
Income tax payable	—	865,437
Income tax receivable	152,945	—
Retrocession fees payable	49,500	—
Due from affiliates	(138,985)	247,164
Net purachases of life settlement policies, at fair value	(48,796,999)	2,098,588

ABACUS GLOBAL MANAGEMENT, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT.)

	Three Months Ended March 31,
	2025	2024
Net purchases of life settlement policies, at cost	(12,889)	262,734
Net cash (used in) provided by operating activities	(61,590,694)	2,514,288
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(224,371)	(161,787)
Purchase of intangible assets	(15,032)	(92,006)
Purchase of other investments	(3,000,000)	—
Purchase of available for sale securities	(500,000)	—
Net cash used in investing activities	(3,739,403)	(253,793)
CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of long term-debt	16,189,871	42,920,873
Debt issuance costs	(156,793)	(985,934)
Repayment of debt	(38,415,464)	—
Common stock issuance costs	(470,068)	-
Repurchase of common stock	—	(7,524,392)
Transaction costs	—	(483,451)
Warrant conversions	—	3,610,253
Net cash (used in) provided by financing activities	(22,852,454)	37,537,349
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(88,182,551)	39,797,844
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD	131,944,282	25,588,668
CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD	$43,761,731	$65,386,512
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Non-cash issuance of series A convertible preferred stock	$5,000,000	$—
Non-cash investment in other investments	5,000,000	—
SUPPLEMENTAL DISCLOSURES:
Interest paid	5,372,786	1,691,205
Income taxes paid, net of refunds	—	1,842

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