Abacus Global Management, Inc. financial statements
Income statement, balance sheet and cash flow statement for the last 5 fiscal years, taken from the XBRL data Abacus Global Management, Inc. files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
44.7
66.4
112
235
Cost of revenue
5.88
6.49
11.4
28.9
Gross profit
38.8
59.9
101
206
Selling and marketing
2.6
4.91
9.06
14.6
General and administrative
1.43
26.5
81.7
87.8
Operating expenses
5.16
35.8
101
118
Operating income
33.7
24.1
-0.89
88.8
Interest expense
0.04
9.87
18.3
38.8
Interest income
0
0
0.59
2.4
3.86
Other non-operating income
17.2
-0.39
-13.6
-18.5
-36
Pre-tax income
15.8
-0.59
Income tax
0.89
1.47
5.48
15.4
Income from continuing operations
-1.38
-11.7
Net income to minority interests
0.7
-0.48
-0.96
0.79
Net income
15.8
31.7
9.52
-24
36.5
EBITDA
33.7
27.5
7.02
107
EPS, basic
0.63
0.17
-0.34
0.38
EPS, diluted
0.63
0.16
-0.34
0.36
Shares, basic (weighted)
50.4
57
70.8
96.1
Shares, diluted (weighted)
50.4
57.8
70.8
99.2
Balance sheet
FY2021
FY2022
FY2023
FY2024
FY2025
Cash and equivalents
0.1
30.1
25.6
132
38.1
Other current assets
0.09
0.12
0.7
2.62
3.65
Total current assets
0.94
33.3
31.8
160
69.6
Property, plant and equipment
0.02
0.4
1.03
1.6
Lease right-of-use assets
0.08
1.89
4.72
4.56
Goodwill
0
140
238
253
Intangible assets
0
29.6
79.8
66.4
Long-term investments
1
1.11
2.21
3.11
Other non-current assets
0.89
1
1.85
1.43
Total assets
346
59.1
332
874
902
Accounts payable
0.04
0
Accrued liabilities
0.14
0
4.35
6.14
10.9
Deferred revenue
0
0.51
2.47
0.17
Short-term debt
0
0
38.4
116
Total current liabilities
1.64
1.3
23.3
62.5
149
Long-term debt
342
290
Lease liabilities
0.03
1.8
4.58
4.64
Total liabilities
29.2
30.9
168
451
479
Total debt
0
0
381
406
Paid-in capital
0.02
0.7
200
494
516
Retained earnings
-28.3
25.5
-34.7
-57.9
-41.6
Treasury stock
0
-1.28
-12
-55.8
Other comprehensive income
1.05
0.11
0
0
Shareholders' equity
-28.2
-18.4
Minority interests
0.9
0.14
-0.86
0
Total equity
0.77
28.1
164
423
419
Total liabilities and equity
346
59.1
332
874
902
Shares outstanding
50.4
63.2
95.7
97.5
Cash flow statement
FY2021
FY2022
FY2023
FY2024
FY2025
Net income
15.8
32.4
9.03
-24.9
37.3
Depreciation and amortization
0
3.41
7.91
18.6
Stock-based compensation
0
0
10.8
43.4
15.5
Deferred income tax
0.89
0.57
6
0.82
Change in receivables
-0.01
-2.12
-13.2
-0.8
Change in payables
0.04
-0.04
0
Cash from operations
-1.24
10.7
-64
-209
-25.7
Capital expenditures
0
-0.19
-0.79
-0.93
Acquisitions
0
-2.43
-1.65
Purchases of investments
-0.25
-0.75
0
-1
-2
Cash from investing
-3.7
2.24
-4.96
-23.3
Debt issued
125
50
Debt repaid
0
-26.3
Stock issued
0
182
0
Share buybacks
0
-1.28
-10.7
-43.8
Dividends paid
0
-19.6
Cash from financing
1.5
23
57.3
320
-44.9
Net change in cash
0.26
30
-4.46
106
-93.8
Free cash flow
10.7
-64.2
-210
-26.6
Interest paid
0
4.04
11.6
34
Income taxes paid
0
0.15
2.15
9.19
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $25.34 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Gross margin
88.4%
Gross profit / revenue.
Operating margin
31.8%
Operating income / revenue.
EBITDA margin
38.0%
EBITDA (operating income + depreciation and amortization) / revenue.
Net margin
10.5%
Net income / revenue.
FCF margin
33.5%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
34.0%
Cash from operations / revenue.
Return on assets (ROA)
3.2%
Net income / average total assets.
Stock-based pay / revenue
8.6%
Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue
0.5%
Capital expenditures / revenue.
D&A / revenue
6.2%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
110.2%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
73.9%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
105.2%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
74.5%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 3y
38.1%
Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y
1,429.0%
EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y
47.2%
Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 3y
4.9%
Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 3y
-17.0%
Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y
3.2%
Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y
148.1%
Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y
40.2%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y
25.4%
Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.70x
Current assets / current liabilities.
Quick ratio
0.25x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.25x
(Cash + short-term investments) / current liabilities.
Debt / assets
38.1%
Total debt / total assets.
Liabilities / assets
49.3%
Total liabilities / total assets.
Net debt
$307.2M
Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA
3.02x
Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage
2.17x
Operating income / interest expense.
Working capital
-$27.1M
Current assets - current liabilities.
Goodwill and intangibles / assets
36.0%
(Goodwill + intangible assets) / total assets.
Efficiency
Metric
Value
How it is calculated
Asset turnover
0.31x
Revenue / average total assets.
Fixed asset turnover
114x
Revenue / average property, plant and equipment.
FCF conversion
317.3%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
1.4%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
$0.29
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Share buybacks / free cash flow, when free cash flow is positive.
Valuation
Metric
Value
How it is calculated
Market cap
$1.89B
Share price x shares outstanding.
Enterprise value
$2.20B
Market cap + total debt - cash - short-term investments.
P/E
67.1x
Market cap / net income. Only when net income is positive.
P/S
7.08x
Market cap / revenue.
P/FCF
21.1x
Market cap / free cash flow. Only when free cash flow is positive.
P/OCF
20.8x
Market cap / cash from operations, when positive.
EV/Sales
8.23x
Enterprise value / revenue.
EV/EBIT
25.9x
Enterprise value / operating income, when both are positive.
EV/EBITDA
21.6x
Enterprise value / EBITDA, when both are positive.
EV/FCF
24.6x
Enterprise value / free cash flow, when both are positive.
FCF yield
4.7%
Free cash flow / market cap.
Earnings yield
1.5%
Net income / market cap (the inverse of P/E).
Shareholder yield
1.7%
(Dividends paid + share buybacks) / market cap.
What was Abacus Global Management, Inc.'s revenue in fiscal 2025?
Abacus Global Management, Inc. reported revenue of $235.2M for fiscal 2025, 110.2% higher than the year before.
Was Abacus Global Management, Inc. profitable in fiscal 2025?
Yes. Net income was $36.5M, a net margin of 15.5%.
How much free cash flow did Abacus Global Management, Inc. generate in fiscal 2025?
Cash from operations of $25.7M minus capital expenditures of $931.4K left free cash flow of -$26.6M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.