Abacus Global Management, Inc. (ABX)
Abacus Global Management, Inc. (ABX)
For the quarter ending 2026-03-31, ABX had -$902,585 decrease in cash & cash equivalents over the period. $91,552,522 in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 |
|---|---|---|
| Net income | 7,266,192 | 37,311,952 |
| Depreciation and amortization | 3,934,086 | 18,605,114 |
| Allowance for credit losses | - | 1,245,575 |
| Impairment of other investment | - | 500,000 |
| Stock-based compensation | 6,343,401 | 15,519,382 |
| Amortization of debt issuance costs | 864,351 | 2,405,939 |
| Unrealized gain on other investments | 0 | 0 |
| Non-cash gain on policy trades | - | 0 |
| Unrealized loss (gain) on policies, at fair value | -35,205,286 | 49,287,046 |
| Gain on change in fair value of debt | 0 | 3,362,103 |
| Loss on change in fair value of warrant liability | 0 | 1,704,193 |
| Deferred income taxes | -2,673,302 | 824,674 |
| Non-cash interest income | 38,859 | 384,618 |
| Non-cash interest expense-Related Party | 427,674 | 1,588,564 |
| Non-cash interest expense-Nonrelated Party | 0 | 143,629 |
| Non-cash lease expense | - | -422,954 |
| Non-cash other income | - | 1,750,000 |
| Non-cash lease (benefit) expense | -178,088 | - |
| Accounts receivable | -5,822,336 | 798,821 |
| Accounts receivable, related party | 3,977,806 | 5,607,465 |
| Equity securities, at fair value | - | 0 |
| Management and performance fee receivable, related party-Related Party | -290,952 | -1,420,839 |
| Prepaid expenses and other current assets | 1,806,206 | 948,416 |
| Other investments | 2,350,000 | - |
| Other assets | 10,641 | -115,807 |
| Accrued expenses | -3,788,419 | 3,948,939 |
| Accrued transaction costs | -135,479 | 1,852,971 |
| Contract liabilities, deposits on pending settlement | 597,344 | -2,304,359 |
| Other current liabilities | -1,760,134 | -4,303,850 |
| Income tax payable | 6,113,984 | 3,022,552 |
| Income tax receivable | -314,833 | -1,688,618 |
| Retrocession fees payable | 0 | -44,709 |
| Due from affiliates | 0 | - |
| Net change in life settlement policies, at fair value | -40,881,780 | 49,172,436 |
| Net change in life settlement policies, at cost | 13,048 | -165,672 |
| Net cash provided by (used in) operating activities | 91,686,413 | -25,680,465 |
| Origination of note receivable | - | 7,000,000 |
| Acquisition of businesses, net of cash acquired | - | 1,647,725 |
| Purchase of property and equipment | 133,891 | 931,443 |
| Purchase of intangible assets | 747,851 | 0 |
| Purchase of other investments | 50,000 | 11,699,569 |
| Purchase of available for sale securities | 0 | 2,000,000 |
| Change in due from affiliates | - | 0 |
| Net cash used in investing activities | -931,742 | -23,278,737 |
| Issuance of long term debt | 744,367 | 50,000,000 |
| Issuance of long term-debt, at fair value | - | 26,048,884 |
| Payment of discounts and financing costs | 682 | 1,475,195 |
| Repayment of debt | 77,853,203 | 1,125,000 |
| Repayment of debt, at fair value | - | 51,226,628 |
| Repayment of debt-Related Party | - | 0 |
| Common stock issuance | - | 0 |
| Common stock issuance transaction costs | 0 | 3,473,280 |
| Repurchase of common stock | 14,453,988 | 43,783,458 |
| Transaction costs | - | 0 |
| Payment of series a convertible preferred dividend | 93,750 | 287,500 |
| Payment of common dividend | - | 19,550,571 |
| Due to affiliates-Related Party | - | 0 |
| Warrant conversions | - | 0 |
| Due to affiliates-Affiliated Entity | - | 0 |
| Net cash used in financing activities | -91,657,256 | -44,872,748 |
| Net (decrease) increase in cash and cash equivalents | -902,585 | -93,831,950 |
| Cash and cash equivalents at the beginning of the period | 38,112,332 | 131,944,282 |
| Cash and cash equivalents at the end of the period | 37,209,747 | 38,112,332 |