Abacus Global Management, Inc. (ABX)
Abacus Global Management, Inc. (ABX)
For the quarter ending 2026-03-31, ABX has $829,794,585 in assets. $407,191,800 in debts. $37,209,747 in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 37,209,747 | 38,112,332 | ||
| Accounts receivable-Nonrelated Party | 12,260,137 | 18,082,473 | ||
| Accounts receivable-Related Party | 13,297,909 | 9,320,103 | ||
| Income taxes receivable | 96,224 | 411,055 | ||
| Prepaid expenses and other current assets | 5,453,056 | 3,646,850 | ||
| Total current assets | 68,317,073 | 69,572,813 | ||
| Property and equipment, net | 1,621,754 | 1,597,896 | ||
| Intangible assets, net | 63,284,242 | 66,360,444 | ||
| Goodwill | 252,779,884 | 252,779,884 | ||
| Operating right-of-use assets | 10,339,573 | 4,561,692 | ||
| Management and performance fee receivable, related party | 14,509,188 | 14,800,140 | ||
| Life settlement policies, at fair value | 392,770,863 | 468,857,929 | ||
| Life settlement policies, at cost | 931,353 | 918,305 | ||
| Available-for-sale securities, at fair value net of allowance for credit losses of 1,245,575 at march31, 2026 and december31, 2025 | 3,147,609 | 3,108,750 | ||
| Other investments | 20,653,585 | 18,253,585 | ||
| Other assets | 1,439,461 | 1,428,820 | ||
| Total assets | 829,794,585 | 902,240,258 | ||
| Current portion of long-term debt, at fair value | 0 | 114,424,000 | ||
| Current portion of long-term debt | 1,500,000 | 1,500,000 | ||
| Accrued expenses | 7,146,873 | 10,935,292 | ||
| Current operating lease liabilities | 1,327,873 | 720,186 | ||
| Contract liabilities, deposits on pending settlements | 766,528 | 169,184 | ||
| Accrued transaction costs | 2,200,698 | 2,336,177 | ||
| Other current liabilities | 14,092,882 | 15,853,016 | ||
| Income taxes payable | 8,767,351 | 2,653,366 | ||
| Total current liabilities | 35,802,205 | 148,591,221 | ||
| Long-term debt, net-Nonrelated Party | 275,802,521 | 275,780,392 | ||
| Long-term debt, at fair value | 38,156,705 | 0 | ||
| Long-term debt, net-Related Party | 14,541,873 | 14,114,199 | ||
| Retrocession fees payable | 5,361,714 | 5,361,714 | ||
| Noncurrent operating lease liabilities | 9,985,924 | 4,637,642 | ||
| Deferred tax liability | 27,540,858 | 30,214,160 | ||
| Warrant liability | 0 | 0 | ||
| Total liabilities | 407,191,800 | 478,699,328 | ||
| Series a convertible preferred stock, 0.0001 par value 5,000 shares authorized 5,000 shares issued and outstanding at march31, 2026 and december31, 2025 | 5,000,000 | 5,000,000 | ||
| Class a common stock, 0.0001 par value 200,000,000 authorized shares 105,039,246 and 104,879,752 shares issued at march31, 2026 and december31, 2025, respectively | 10,504 | 10,488 | ||
| Treasury stock - at cost 9,055,830 and 7,406,118 shares repurchased at march31, 2026 and december31, 2025, respectively | 70,262,583 | 55,808,595 | ||
| Additional paid-in capital | 522,314,870 | 515,971,485 | ||
| Accumulated deficit | -34,460,006 | -41,632,448 | ||
| Accumulated other comprehensive income | - | 0 | ||
| Noncontrolling interest | 0 | 0 | ||
| Total stockholders' equity | 417,602,785 | 418,540,930 | ||
| Total liabilities, mezzanine equity, and stockholders' equity | 829,794,585 | 902,240,258 | ||