Abacus Global Management, Inc.

For the period ended Jun 30, 2025. Filed Aug 12, 2025.

About this filing

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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Contents

Unaudited Consolidated Statements of Operations and Comprehensive Income(Loss)

ABACUS GLOBAL MANAGEMENT, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

	Three Months EndedJune 30,		Six Months Ended June 30,
	2025	2024	2025	2024
REVENUES:
Asset management	$8,761,876	$204,888	$16,534,953	$422,823
Life solutions	47,300,844	28,871,214	83,599,501	50,140,463
Technology services	161,900	—	229,512	—
TOTAL REVENUES	56,224,620	29,076,102	100,363,966	50,563,286
COST OF REVENUES (excluding depreciation and amortization stated below):
Cost of revenue (including stock-based compensation)	6,054,644	2,743,534	13,163,051	5,464,431
GROSS PROFIT	50,169,976	26,332,568	87,200,915	45,098,855
OPERATING EXPENSES:
Sales and marketing	3,267,715	2,552,801	5,883,715	4,482,745
General and administrative (including stock-based compensation)	18,926,329	14,553,344	31,190,115	25,906,843
(Gain) loss on change in fair value of debt	—	1,199,463	(3,362,103)	3,912,090
Unrealized loss (gain) on equity securities, at fair value	272,254	362,482	—	(802,484)
Realized gain on equity securities, at fair value	—	(856,744)	—	(856,744)
Depreciation and amortization expense	5,184,083	1,750,452	9,942,629	3,432,506
TOTAL OPERATING EXPENSES	27,650,381	19,561,798	43,654,356	36,074,956
OPERATING INCOME	22,519,595	6,770,770	43,546,559	9,023,899
OTHER INCOME (EXPENSE):
Gain (loss) on change in fair value of warrant liability	4,183,000	(667,500)	(623,000)	279,460
Interest expense	(8,752,145)	(4,529,187)	(18,370,475)	(8,199,632)
Interest income	1,012,278	639,906	2,187,279	1,061,332
Other income	2,718,172	195,470	2,673,648	142,442
TOTAL OTHER EXPENSE	(838,695)	(4,361,311)	(14,132,548)	(6,716,398)
NET INCOME BEFORE PROVISION FOR INCOME TAXES	21,680,900	2,409,459	29,414,011	2,307,501
Income tax expense	4,069,971	1,757,710	6,404,056	2,931,223
NET INCOME (LOSS)	17,610,929	651,749	23,009,955	(623,722)

ABACUS GLOBAL MANAGEMENT, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (CONT.)

	Three Months EndedJune 30,		Six Months Ended June 30,
	2025	2024	2025	2024
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST	27,240	(118,234)	786,683	(44,960)
NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC.	$17,583,689	$769,983	$22,223,272	$(578,762)
EARNINGS (LOSS) PER SHARE:
Earnings (loss) per share - basic	$0.18	$0.01	$0.23	$(0.01)
Earnings (loss) per share - diluted	$0.18	$0.01	$0.23	$(0.01)
Weighted-average stock outstanding—basic	94,690,195	63,846,170	95,437,545	63,087,878
Weighted-average stock outstanding—diluted	97,372,470	67,162,820	97,801,477	63,102,210
NET INCOME (LOSS)	$17,610,929	$651,749	$23,009,955	$(623,722)
Other comprehensive income (loss), net of tax or tax benefit:
Change in fair value of debt (risk adjusted)	—	(65,615)	—	(58,179)
COMPREHENSIVE INCOME (LOSS) BEFORE NON-CONTROLLING INTERESTS	17,610,929	586,134	23,009,955	(681,901)
Net and comprehensive income (loss) attributable to non-controlling interests	27,240	(127,850)	786,683	(59,090)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC.	$17,583,689	$713,984	$22,223,272	$(622,811)

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.