Abacus Global Management, Inc. (ABL)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Investment income from life insurance policies held using the investment method | - | - | - | 7,393 [2] |
| Revenue from fee-based services and realized and unrealized gains from life insurance policies held using the fair value method | - | - | - | 27,006,364 [2] |
| Total revenues | 56,224,620 | 44,139,346 | 28,148,491 | 29,076,102 |
| Cost of revenue (including stock-based compensation) | 6,054,644 | 7,108,407 | 2,187,981 | 2,743,534 |
| Gross profit | 50,169,976 | 37,030,939 | 25,960,510 | 26,332,568 |
| Sales and marketing | 3,267,715 | 2,616,000 | 2,169,197 | 2,552,801 |
| General and administrative (including stock-based compensation) | 18,926,329 | 12,263,786 | 15,489,503 | 14,553,344 |
| (gain) loss on change in fair value of debt | - | 3,362,103 | -124,237 | -1,199,463 |
| Unrealized loss (gain) on equity securities, at fair value | -272,254 | 272,254 | 417,677 | -362,482 |
| Realized gain on equity securities, at fair value | - | - | - | 856,744 |
| Depreciation and amortization expense | 5,184,083 | 4,758,546 | 1,745,279 | 1,750,452 |
| Total operating expenses | 27,650,381 | 16,003,975 | 19,110,539 | 19,561,798 |
| Operating income | 22,519,595 | 21,026,964 | 6,849,971 | 6,770,770 |
| Other income | 2,718,172 | -44,524 | -9,832 | 195,470 |
| Interest income | 1,012,278 | 1,175,001 | 609,496 | 639,906 |
| Interest expense | 8,752,145 | 9,618,330 | 4,218,314 | 4,529,187 |
| Gain (loss) on change in fair value of warrant liability | -4,183,000 | 4,806,000 | 8,766,500 | 667,500 |
| Total other expense | -838,695 | -13,293,853 | -12,385,150 | -4,361,311 |
| Net income before provision for income taxes | 21,680,900 | 7,733,111 | -5,535,179 | 2,409,459 |
| Income tax expense | 4,069,971 | 2,334,085 | -250,368 | 1,757,710 |
| Net income (loss) | 17,610,929 | 5,399,026 | -5,284,811 | 651,749 |
| Less net income (loss) attributable to noncontrolling interest | 27,240 | 759,443 | -159,756 | -118,234 |
| Net income (loss) attributable to abacus global management, inc | 17,583,689 | 4,639,583 | -5,125,055 | 769,983 |
| Earnings (loss) per share - basic (in dollars per share) | 0.18 | 0.05 | -0.07 | 0.01 |
| Earnings (loss) per share - diluted (in dollars per share) | 0.18 | 0.05 | -0.07 | 0.01 |
| Weighted-average stock outstanding - basic (in shares) | 94,690,195 | 96,193,199 | 74,694,319 | 63,846,170 |
| Weighted-average stock outstanding - diluted (in shares) | 97,372,470 | 97,498,923 | 74,694,319 | 67,162,820 |