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Abacus Global Management, Inc.

ABX Clue Score48
United States Fiscal year ends December CIK 0001814287
$8.19 -1.56% Close, 9 Oct 2026
Price $8.19 −16.68% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 14 Sep 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2021Net income15.8Fiscal year 2022Revenue44.7Operating income33.7Net income31.7 +100.0%EPS, diluted0.63Fiscal year 2023Revenue66.4 +48.5%Operating income24.1Net income9.5 −70.0%EPS, diluted0.16 −74.6%Fiscal year 2024Revenue111.9 +68.6%Operating income−0.9Net income−24.0 −351.8%EPS, diluted−0.34 −312.5%Fiscal year 2025Revenue235.2 +110.2%Operating income88.8Net income36.5EPS, diluted0.36
FY2021FY2022FY2023FY2024FY2025
Revenue n/a 44.7 66.4 111.9 235.2
Growth +48.5% +68.6% +110.2%
Operating income n/a 33.7 24.1 −0.9 88.8
Net income 15.8 31.7 9.5 −24.0 36.5
Growth +100.0% −70.0% −351.8%
EPS, diluted n/a 0.63 0.16 −0.34 0.36
Growth −74.6% −312.5%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2021Fiscal year 2022Gross margin86.8%Operating margin75.3%Net margin70.9%Free cash flow margin23.9%Fiscal year 2023Gross margin90.2%Operating margin36.3%Net margin14.3%Free cash flow margin−96.7%Fiscal year 2024Gross margin89.8%Operating margin−0.8%Net margin−21.4%Free cash flow margin−187.3%Fiscal year 2025Gross margin87.7%Operating margin37.7%Net margin15.5%Free cash flow margin−11.3%
FY2021FY2022FY2023FY2024FY2025
Gross margin n/a 86.8% 90.2% 89.8% 87.7%
Operating margin n/a 75.3% 36.3% −0.8% 37.7%
Net margin n/a 70.9% 14.3% −21.4% 15.5%
Free cash flow margin n/a 23.9% −96.7% −187.3% −11.3%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2021Operating cash flow−1.2Fiscal year 2022Operating cash flow10.7Capital expenditure0.0Free cash flow10.7Buybacks0.0Fiscal year 2023Operating cash flow−64.0Capital expenditure−0.2Free cash flow−64.2 −700.7%Buybacks−1.3Fiscal year 2024Operating cash flow−208.8Capital expenditure−0.8Free cash flow−209.6Buybacks−10.7Dividends paid0.0Fiscal year 2025Operating cash flow−25.7Capital expenditure−0.9Free cash flow−26.6Buybacks−43.8Dividends paid−19.6
FY2021FY2022FY2023FY2024FY2025
Operating cash flow −1.2 10.7 −64.0 −208.8 −25.7
Capital expenditure n/a 0.0 −0.2 −0.8 −0.9
Free cash flow n/a 10.7 −64.2 −209.6 −26.6
Growth −700.7%
Buybacks n/a 0.0 −1.3 −10.7 −43.8
Dividends paid n/a n/a n/a 0.0 −19.6

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2021Cash0.1Shareholders’ equity−28.2Fiscal year 2022Cash30.1Total debt0.0Net cash (debt)30.1Shareholders’ equity−18.4Fiscal year 2023Cash25.6Total debt0.0Net cash (debt)25.6Shareholders’ equity164.1Debt to equity0.00Fiscal year 2024Cash131.9Total debt380.8Net cash (debt)−248.9Shareholders’ equity423.3Debt to equity0.90Fiscal year 2025Cash38.1Total debt405.8Net cash (debt)−367.7Shareholders’ equity418.5Debt to equity0.97
FY2021FY2022FY2023FY2024FY2025
Cash 0.1 30.1 25.6 131.9 38.1
Total debt n/a 0.0 0.0 380.8 405.8
Net cash (debt) n/a 30.1 25.6 −248.9 −367.7
Shareholders’ equity −28.2 −18.4 164.1 423.3 418.5
Debt to equity n/a n/a 0.00 0.90 0.97

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.1 30.1 25.6 131.9 38.1
n/a 0.0 0.4 1.0 1.6
n/a 0.0 140.3 238.3 252.8
346.0 59.1 331.8 874.2 902.2
Growth −82.9% +461.5% +163.4% +3.2%
Liabilities
n/a 0.0 0.0 38.4 115.9
n/a n/a n/a 342.4 289.9
calc n/a 0.0 0.0 380.8 405.8
29.2 30.9 167.8 450.9 478.7
Equity
−28.3 25.5 −34.7 −57.9 −41.6
−28.2 −18.4 164.1 423.3 418.5
Growth +158.0% −1.1%
Per share and net cash
calc n/a 30.1 25.6 −248.9 −367.7
n/a 50.4 63.2 95.7 97.5
calc n/a −0.37 2.59 4.42 4.29

Lines marked calc are worked out here from filed figures; point at one for how.