For the year ending 2025-12-31, ABXL has $902,240,258 in assets. $478,699,328 in debts. $38,112,332 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 38,112,332 | |||
| Accounts receivable-Nonrelated Party | 18,082,473 | |||
| Accounts receivable-Related Party | 9,320,103 | |||
| Income taxes receivable | 411,055 | |||
| Prepaid expenses and other current assets | 3,646,850 | |||
| Total current assets | 69,572,813 | |||
| Property and equipment, net | 1,597,896 | |||
| Intangible assets, net | 66,360,444 | |||
| Goodwill | 252,779,884 | |||
| Operating right-of-use assets | 4,561,692 | |||
| Management and performance fee receivable, related party | 14,800,140 | |||
| Life settlement policies, at fair value | 468,857,929 | |||
| Life settlement policies, at cost | 918,305 | |||
| Available-for-sale securities, at fair value net of allowance for credit losses of 1,245,575 and at december31, 2025 and 2024, respectively | 3,108,750 | |||
| Other investments | 18,253,585 | |||
| Other assets | 1,428,820 | |||
| Total assets | 902,240,258 | |||
| Current portion of long-term debt, at fair value | 114,424,000 | |||
| Current portion of long-term debt | 1,500,000 | |||
| Accrued expenses | 10,935,292 | |||
| Current operating lease liabilities | 720,186 | |||
| Contract liabilities, deposits on pending settlements | 169,184 | |||
| Accrued transaction costs | 2,336,177 | |||
| Other current liabilities | 15,853,016 | |||
| Income taxes payable | 2,653,366 | |||
| Total current liabilities | 148,591,221 | |||
| Long-term debt, net-Nonrelated Party | 275,780,392 | |||
| Long-term debt, at fair value | 0 | |||
| Long-term debt, net-Related Party | 14,114,199 | |||
| Retrocession fees payable | 5,361,714 | |||
| Noncurrent operating lease liabilities | 4,637,642 | |||
| Deferred tax liability | 30,214,160 | |||
| Warrant liability | 0 | |||
| Total liabilities | 478,699,328 | |||
| Temporary equity, carrying amount, attributable to parent | 5,000,000 | |||
| Class a common stock, 0.0001 par value 200,000,000 authorized shares 104,879,752 and 96,731,194 shares issued at december31, 2025 and 2024, respectively | 10,488 | |||
| Treasury stock - at cost 7,406,118 and 1,048,226 shares repurchased at december31, 2025 and 2024, respectively | 55,808,595 | |||
| Additional paid-in capital | 515,971,485 | |||
| Accumulated deficit | -41,632,448 | |||
| Accumulated other comprehensive income | 0 | |||
| Noncontrolling interest | 0 | |||
| Total stockholders' equity | 418,540,930 | |||
| Total liabilities, mezzanine equity, and stockholders' equity | 902,240,258 | |||
Abacus Global Management, Inc. (ABXL)
Abacus Global Management, Inc. (ABXL)