Abacus Global Management Inc
abacusgm.comWhat Do They Do?
Buys life insurance policies from consumers and helps institutional investors acquire, trade and manage those policies.
10-K for FY2025, filed Mar 13, 2026
How Do They Make Money?
In Life Solutions, investors pay origination fees when a policy purchase closes; Abacus also earns spreads on traded policies and payouts on policies held to maturity. Fund investors pay management fees over time, with additional fees when returns exceed agreed thresholds.
10-K for FY2025, filed Mar 13, 2026Portfolio Management. Once identified, we utilize our proprietary “heat-map” technology platform to determine the initial risk and…View ↗
The Company recognizes revenue from life settlement transactions when its performance obligation is satisfied and the customer obtains…View ↗
Management fees are recognized over time during the periods in which services are performed in accordance with relevant contractual terms.…View ↗
Performance fees are earned when the performance of the individual shares classes of the managed funds exceeds contractual thresholds.…View ↗
The Company’s Carlisle and FCF subsidiaries manage alternative investment funds and exchange-traded funds (“ETF”). The alternative…View ↗
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10-K for FY2025, filed Mar 13, 2026
FY2025 revenue by reportable segment ↗
$235.2M
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10-K for FY2025, filed Mar 13, 2026
$235.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Asset management
Recurring
10-K for FY2025, filed Mar 13, 2026 |
14% |
Asset management, FY2025
$33.8M Sources
|
Recurring |
|
Life solutions
|
85% |
Life solutions, FY2025
$200.7M Sources
|
|
|
Technology services
Recurring
|
0.3% |
Technology services, FY2025
$717.2K Sources
|
Recurring |
Who Are Their Customers?
Policyholders can approach directly or through financial advisers, agents and settlement brokers; institutional investors buy policies the company originates. Institutional and private investors use its asset-management services, while pension plans, government agencies and insurance-related businesses buy verification services on contract.
10-K for FY2025, filed Mar 13, 2026We generate fees on the policies we originate, which are sourced from three channels: (i) a network of approximately 30,000 financial…View ↗
The Company sources life settlement policies with third parties that include settlement brokers (“Broker”), life insurance agents…View ↗
The asset management division serves primarily institutional investors alongside select private clients, providing excess returns across…View ↗
The Company, through ABL Intel, uses its proprietary technology based on health and longevity data sets to provide services to pension…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025, but spent more cash than it brought in: free cash flow was −$26.6M.
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Aug 6, 2026
Reported second-quarter results and adjusted earnings guidance
The release gave FY26 adjusted net income guidance of $100M to $106M and Q3 guidance of $26M to $28M.
Sources
8-K, filed Aug 6, 2026
Metric FY26 3Q26 Note Adjusted net income (Gross)1 $100M to $106M $26M to $28M FY implies 17% to 24% YoY; Midpoint of ~20% Adjusted EPS…View ↗
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May 27, 2026
Formed a strategic alliance with Manning & Napier
The partnership covers joint client planning, referrals and distribution of Abacus investment products.
Sources
8-K, filed May 27, 2026
Abacus Global Management, Inc. (“Abacus”) (NYSE: ABX), a leader in the alternative asset management industry, and Manning & Napier, Inc.…View ↗
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May 7, 2026
Raised full-year adjusted earnings guidance
Raised FY26 adjusted net income guidance to $100–$106 million.
Sources
8-K, filed May 7, 2026
~ Raises Full-Year 2026 Adjusted Net Income1 Guidance to $100–$106 Million, Up to 24% Increase Year-Over-Year; Issues Q2 Adjusted Net…View ↗
From acquisition search to financial services
The earlier report described a blank-check company seeking an energy business to acquire; the latest describes a financial-services business focused on life insurance policies, alternative investments and longevity data.
10-K for FY2022, filed Apr 18, 2023 10-K for FY2025, filed Mar 13, 2026
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