Abacus Global Management, Inc.
For the period ended Jun 30, 2025. Filed Aug 12, 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.
Jun 30, 2025 · Filed Aug 12, 2025
ABX$9.13+1.6%Stored close · as of Nov 10, 2026
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Unaudited Consolidated Statements of Cash Flows
ABACUS GLOBAL MANAGEMENT, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $23,009,955 | $(623,722) |
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
| Depreciation and amortization | 9,942,629 | 3,432,506 |
| Stock-based compensation | 5,842,224 | 12,258,830 |
| Amortization of debt issuance costs | 1,046,835 | 451,234 |
| Unrealized gain on equity securities, at fair value | — | (802,484) |
| Realized gain on equity securities, at fair value | — | (856,744) |
| Unrealized gain on policies, at fair value | (17,877,480) | (21,341,703) |
| Change in fair value of debt | (3,362,103) | 3,912,090 |
| Change in fair value of warrant liability | 623,000 | (279,460) |
| Non-cash interest income | (317,756) | (59,640) |
| Deferred income taxes | 1,720,233 | 3,969,473 |
| Non-cash interest expense, related party | 770,579 | 347,028 |
| Non-cash interest expense | 143,630 | 2,204,376 |
| Non-cash lease expense | 119,315 | 114,377 |
| Non-cash other income | (1,750,000) | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,277,555 | 532,435 |
| Accounts receivable, related party | (6,120,244) | (70,704) |
| Management and performance fee receivable, related party | 1,122,181 | — |
| Prepaid expenses and other current assets | (2,810,783) | (233,471) |
| Other assets | (7,776) | (508,486) |
| Accrued expenses | (823,060) | (2,177,710) |
| Accrued transaction costs | 396,123 | 2,533,627 |
| Contract liabilities, deposits on pending settlement | (2,427,674) | 936,483 |
| Other current liabilities | (2,391,239) | (1,717,402) |
| Income tax payable | 1,953,834 | (751,734) |
| Income tax receivable | 2,276,726 | (2,435,239) |
| Retrocession fees payable | 49,500 | — |
| Net change in life settlement policies, at fair value | 2,131,229 | (63,933,151) |
ABACUS GLOBAL MANAGEMENT, INC.
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT.)
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Net change in life settlement policies, at cost | (25,831) | 556,681 |
| Net cash provided by (used in) operating activities | 14,511,602 | (64,542,510) |
| 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 | (647,321) | (350,917) |
| Purchase of intangible assets | — | (102,135) |
| Purchase of other investments | (3,000,000) | (100,000) |
| Purchase of available for sale securities | (1,000,000) | — |
| Change in due from affiliates | — | (163,061) |
| Net cash used in investing activities | (13,743,342) | (716,113) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Issuance of long term-debt, at fair value | 24,732,253 | 51,946,891 |
| Payment of discounts and financing costs | (374,809) | (1,688,926) |
| Repayment of debt, at fair value | (46,713,206) | — |
| Common stock sale | — | 92,000,000 |
| Common stock sale transaction costs | — | (5,730,000) |
| Repurchase of common stock | (35,051,781) | (10,742,075) |
| Transaction costs | (468,128) | (483,451) |
| Due to former members | — | (1,159,712) |
| Warrant conversions | — | 6,851,057 |
| Net cash (used in) provided by financing activities | (57,875,671) | 130,993,784 |
| NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (57,107,411) | 65,735,161 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT THE BEGINNING OF THE PERIOD | 131,944,282 | 25,588,668 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT THE END OF THE PERIOD | $74,836,871 | $91,323,829 |
| NON-CASH 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 | 12,730,004 | 4,635,611 |
| Income taxes paid, net of refunds | — | 2,691,871 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.