ABL · As filed with the SEC
Abacus Global Management income statement, by fiscal year
The statement as Abacus Global Management presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 |
|---|---|---|
| REVENUES: | ||
| Total revenues | 235,237,636 | 111,923,786 |
| Asset management - Nonrelated Party | 4,176,718 | 722,317 |
| Asset management - Related Party | 29,668,675 | 2,891,333 |
| Life solutions - Nonrelated Party | 163,172,600 | 104,964,306 |
| Technology services | 717,185 | 33,628 |
| Life solutions | 200,675,058 | 108,276,508 |
| Life solutions - Related Party | 37,502,458 | 3,312,202 |
| COST OF REVENUES (excluding depreciation and amortization stated below): | ||
| Cost of revenue (including stock-based compensation) | 28,858,034 | 11,371,733 |
| Gross Profit | 206,379,602 | 100,552,053 |
| OPERATING EXPENSES: | ||
| Sales and marketing | 14,582,253 | 9,063,384 |
| General and administrative (including stock-based compensation) | 87,796,971 | 81,734,518 |
| (Gain) loss on change in fair value of debt | (3,362,103) | 4,835,351 |
| Unrealized loss on equity securities, at fair value | 0 | 238,012 |
| Realized gain on equity securities, at fair value | 0 | (2,341,066) |
| Depreciation and amortization expense | 18,605,114 | 7,910,158 |
| Total operating expenses | 117,622,235 | 101,440,357 |
| Operating Income (LOSS) | 88,757,367 | (888,304) |
| OTHER INCOME (EXPENSE): | ||
| Loss on change in fair value of warrant liability | (1,704,193) | (2,702,040) |
| Interest expense | (38,793,937) | (18,279,686) |
| Interest income | 3,860,997 | 2,398,691 |
| Other income, net | 625,839 | 38,040 |
| Total other expense | (36,011,294) | (18,544,995) |
| Net income (loss) before provision for income taxes | 52,746,073 | (19,433,299) |
| Income tax expense | 15,434,121 | 5,484,738 |
| NET INCOME (LOSS) | 37,311,952 | (24,918,037) |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | 786,683 | (956,987) |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | 36,525,269 | (23,961,050) |
| EARNINGS (LOSS) PER SHARE: | ||
| Earnings (loss) per share - basic (in dollars per share) | 0.38 | (0.34) |
| Earnings (loss) per share - diluted (in dollars per share) | 0.36 | (0.34) |
| Weighted-average stock outstanding—basic (in shares) | 96,141,753 | 70,761,830 |
| Weighted-average stock outstanding—diluted (in shares) | 99,230,950 | 70,761,830 |
| Other comprehensive income (loss), net of tax or tax benefit: | ||
| Other comprehensive loss | 0 | (158,579) |
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | 0 | 11,079 |
| Comprehensive income (loss) before non-controlling interests | 37,311,952 | (25,065,537) |
| Net and comprehensive income (loss) attributable to non-controlling interests | 786,683 | (996,114) |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | 36,525,269 | (24,069,423) |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.