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Abacus Global Management, Inc. (ABXL)

Abacus Global Management, Inc. (ABXL)

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Balance Sheets Overview

Current Ratio
70.46%
Quick Ratio
70.46%
Cash Ratio
25.49%
Debt to Asset Ratio
49.33%
Unit: Dollar
Assets Breakdown
    • Other investments
    • Intangible assets, net
    • Cash and cash equivalents
    • Others
Liabilities Breakdown
    • Additional paid-in capital
    • Long-term debt, net-Nonrelated P...
    • Treasury stock - at cost 10,130,...
    • Others
Balance Sheets
2026-06-30
2026-03-31
2025-12-31
Cash and cash equivalents
23,388,190
37,209,747
38,112,332
Accounts receivable-Nonrelated Party
22,812,071
12,260,137
18,082,473
Accounts receivable-Related Party
10,127,137
13,297,909
9,320,103
Income taxes receivable
3,778,866
96,224
411,055
Prepaid expenses and other current assets
4,533,639
5,453,056
3,646,850
Total current assets
64,639,903
68,317,073
69,572,813
Property and equipment, net
2,345,652
1,621,754
1,597,896
Intangible assets, net
59,750,092
63,284,242
66,360,444
Goodwill
252,779,884
252,779,884
252,779,884
Operating right-of-use assets
12,306,899
10,339,573
4,561,692
Management and performance fee receivable, related party
15,187,416
14,509,188
14,800,140
Life settlement policies, at fair value
383,044,248
392,770,863
468,857,929
Life settlement policies, at cost
0
931,353
918,305
Available-for-sale securities, at fair value net of allowance for credit losses of and 1,245,575 at june30, 2026 and december31, 2025
3,186,955
3,147,609
3,108,750
Other investments
73,043,493
20,653,585
18,253,585
Other assets
1,445,878
1,439,461
1,428,820
Total assets
867,730,420
829,794,585
902,240,258
Current portion of long-term debt, at fair value
38,293,580
0
114,424,000
Current portion of long-term debt
1,500,000
1,500,000
1,500,000
Accrued expenses
8,482,787
7,146,873
10,935,292
Current operating lease liabilities
2,630,892
1,327,873
720,186
Contract liabilities, deposits on pending settlements
647,043
766,528
169,184
Accrued transaction costs
2,106,184
2,200,698
2,336,177
Other current liabilities-Nonrelated Party
16,610,025
-
-
Other current liabilities
-
14,092,882
15,853,016
Other current liabilities-Related Party
21,473,912
-
-
Income taxes payable
0
8,767,351
2,653,366
Total current liabilities
91,744,423
35,802,205
148,591,221
Long-term debt, net-Nonrelated Party
275,834,100
275,802,521
275,780,392
Long-term debt, at fair value
-
38,156,705
0
Long-term debt, net-Related Party
14,982,507
14,541,873
14,114,199
Retrocession fees payable
5,361,714
5,361,714
5,361,714
Noncurrent operating lease liabilities
11,066,427
9,985,924
4,637,642
Deferred tax liability
29,063,823
27,540,858
30,214,160
Warrant liability
-
0
0
Total liabilities
428,052,994
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 june30, 2026 and december31, 2025
5,000,000
5,000,000
5,000,000
Class a common stock, 0.0001 par value 200,000,000 authorized shares 107,220,874 and 104,879,752 shares issued at june30, 2026 and december31, 2025, respectively
10,722
10,504
10,488
Treasury stock - at cost 10,130,090 and 7,406,118 shares repurchased at june30, 2026 and december31, 2025, respectively
80,167,968
70,262,583
55,808,595
Additional paid-in capital
542,761,386
522,314,870
515,971,485
Accumulated deficit
-27,926,714
-34,460,006
-41,632,448
Accumulated other comprehensive income
-
-
0
Noncontrolling interest
0
0
0
Total stockholders' equity
434,677,426
417,602,785
418,540,930
Total liabilities, mezzanine equity, and stockholders' equity
867,730,420
829,794,585
902,240,258
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Cash and cashequivalents$23,388,190 Accountsreceivable-Nonrelated Party$22,812,071 Accountsreceivable-Related Party$10,127,137 Prepaid expenses andother current assets$4,533,639 Income taxesreceivable$3,778,866 Life settlementpolicies, at fair value$383,044,248 Goodwill$252,779,884 Other investments$73,043,493 Total current assets$64,639,903 Intangible assets, net$59,750,092 Management and performancefee receivable,...$15,187,416 Operating right-of-useassets$12,306,899 Available-for-sale securities, atfair value net of...$3,186,955 Property and equipment,net$2,345,652 Other assets$1,445,878 Total assets$867,730,420 Total liabilities,mezzanine equity, and...$867,730,420 Total stockholders'equity$434,677,426 Total liabilities$428,052,994 Series a convertiblepreferred stock, 0.0001...$5,000,000 Treasury stock - at cost10,130,090 and 7,406,118...$80,167,968 Accumulated deficit-$27,926,714 Additional paid-in capital$542,761,386 Long-term debt,net-Nonrelated Party$275,834,100 Total currentliabilities$91,744,423 Deferred tax liability$29,063,823 Long-term debt,net-Related Party$14,982,507 Noncurrent operating leaseliabilities$11,066,427 Retrocession fees payable$5,361,714 Class a common stock,0.0001 par value...$10,722 Current portion oflong-term debt, at fair...$38,293,580 Other currentliabilities-Related Party$21,473,912 Other currentliabilities-Nonrelated Party$16,610,025 Accrued expenses$8,482,787 Current operating leaseliabilities$2,630,892 Accrued transactioncosts$2,106,184 Current portion oflong-term debt$1,500,000 Contract liabilities,deposits on pending...$647,043