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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

Cash flow

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
Operations
−1.2 10.7 −64.0 −208.8 −25.7
Growth −698.9%
n/a 0.0 3.4 7.9 18.6
Investment
n/a 0.0 −0.2 −0.8 −0.9
calc n/a 10.7 −64.2 −209.6 −26.6
Growth −700.7%
calc n/a 0.21 −1.11 −2.96 −0.27
n/a −3.7 2.2 −5.0 −23.3
Financing
1.5 23.0 57.3 320.1 −44.9
n/a n/a n/a 0.0 −19.6
n/a 0.0 −1.3 −10.7 −43.8

Lines marked calc are worked out here from filed figures; point at one for how. Capital expenditure, dividends and buybacks are shown as money out, so negative.