Financial Snapshot

Revenue
$102.4M
TTM
Gross Margin
90.78%
TTM
Net Earnings
-$11.93M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
129.06%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$257.9M
Q3 2024
Cash
Q3 2024
P/E
-56.09
Dec 02, 2024 EST
Free Cash Flow
-$130.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $66.40M $0.00 $0.00 $0.00
YoY Change

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $66.40M $0.00 $0.00 $0.00
Cost Of Revenue $6.490M $6.250M $740.0K
Gross Profit $59.91M $38.47M $460.0K
Gross Profit Margin 90.23%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $31.39M $3.660M $100.0K
YoY Change 757.6% 3560.0%
% of Gross Profit 52.39% 9.51% 21.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.410M $0.00 $0.00
YoY Change
% of Gross Profit 5.69% 0.0% 0.0%
Operating Expenses $35.79M $11.72M $1.383M $480.0K
YoY Change 205.27% 747.79% 188.06%
Operating Profit $24.13M $26.75M -$922.7K
YoY Change -9.8% -2998.92%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense $9.867M $10.62M $17.22M $30.00K
YoY Change -7.07% -38.35% 57306.83%
% of Operating Profit 40.9% 39.7%
Other Income/Expense, Net -$13.62M $11.13M $17.22M
YoY Change -222.38% -35.37%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $10.50M -$591.1K $15.84M -$450.0K
YoY Change -1876.92% -103.73% -3619.86%
Income Tax $1.469M $52.49K $0.00
% Of Pretax Income 13.98% 0.0%
Net Earnings $9.517M -$643.6K $15.84M -$450.0K
YoY Change -1578.74% -104.06% -3619.86%
Net Earnings / Revenue 14.33%
Basic Earnings Per Share $0.17 $0.63
Diluted Earnings Per Share $0.16 -$0.02 $367.3K -$14.02K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $27.84M $86.57K $853.1K $600.0K
YoY Change 32060.75% -89.85% 42.19%
Cash & Equivalents $25.59M $30.05M $100.0K
Short-Term Investments $2.253M
Other Short-Term Assets $699.1K $64.91K $91.63K $200.0K
YoY Change 977.08% -29.16% -54.19%
Inventory
Prepaid Expenses
Receivables $3.236M $2.920M $0.00
Other Receivables $0.00 $190.0K $70.00K
Total Short-Term Assets $31.78M $151.5K $944.8K $800.0K
YoY Change 20876.19% -83.97% 18.1%
Property, Plant & Equipment $2.294M $100.0K $150.0K
YoY Change 2194.38% -33.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $126.8M $99.22M $345.0M $345.0M
YoY Change 27.84% -71.24% 0.01%
Other Assets $999.0K $890.0K $0.00
YoY Change 12.24%
Total Long-Term Assets $300.0M $99.22M $345.0M $345.1M
YoY Change 202.4% -71.24% -0.01%
Total Assets $331.8M $99.37M $346.0M $345.9M
YoY Change
Accounts Payable $0.00 $4.924M $1.500M
YoY Change -100.0% 228.29%
Accrued Expenses $4.472M $9.228M $144.3K $100.0K
YoY Change -51.53% 6296.89% 44.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $13.03M
YoY Change
Total Short-Term Liabilities $23.33M $18.78M $17.16M $100.0K
YoY Change 24.2% 9.47% 17056.05%
Long-Term Debt $126.8M $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.440M $0.00 $12.08M $12.10M
YoY Change -100.0% -0.21%
Total Long-Term Liabilities $135.2M $0.00 $12.08M $12.10M
YoY Change -100.0% -0.21%
Total Liabilities $167.9M $18.78M $29.23M $12.20M
YoY Change 793.98% -35.75% 139.6%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding 56.95M shares 50.37M shares
Diluted Shares Outstanding 57.77M shares 50.37M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $668.96 Million

About Abacus Life, Inc.

Abacus Life, Inc. is an integrated alternative asset manager, which engages in the business of investing in inforce life insurance products. The company is headquartered in Orlando, Florida and currently employs 102 full-time employees. The company went IPO on 2020-07-23. The Company’s Portfolio Servicing segment provides policy services to customers on a contract basis. Its Active Management segment buys, sells and trades policies and maintains policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who is often the original policy owner. The policies are purchased from owners or other providers through advisors, brokers or directly through the owner. The company originates policies through three primary origination channels (Agents/Financial Advisors, Direct-to-Consumers, Life Settlement Brokers) and Third-Party Intermediaries, screens them for eligibility by verifying that the policy is in force, obtaining consents and disclosures, and submitting cases for life expectancy estimates.

Industry: Investment Advice Peers: Hagerty, Inc. Baldwin Insurance Group, Inc. eHealth, Inc. GoHealth, Inc. Goosehead Insurance, Inc. Hippo Holdings Inc. MARSH & MCLENNAN COMPANIES, INC. SelectQuote, Inc.