ABL · As filed with the SEC
Abacus Global Management balance sheet, 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 BALANCE SHEETS · USD
| USD | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| CURRENT ASSETS: | ||||
| Cash | — | — | — | 86,572 |
| Prepaid expenses | — | — | — | 64,914 |
| Cash and cash equivalents | 38,112,332 | 131,944,282 | 25,588,668 | — |
| Equity securities, at fair value | — | 0 | 2,252,891 | — |
| Nonrelated Party | 18,082,473 | 15,785,531 | 2,149,111 | — |
| Related Party | 9,320,103 | 7,113,369 | 79,509 | — |
| Affiliated Entity | — | 1,527,062 | 1,007,528 | — |
| Income taxes receivable | 411,055 | 2,099,673 | — | — |
| Prepaid expenses and other current assets | 3,646,850 | 1,094,729 | 699,127 | — |
| Total current assets | 69,572,813 | 159,564,646 | 31,776,834 | 151,486 |
| Cash and securities held in Trust Account | — | — | — | 99,222,704 |
| Property and equipment, net | 1,597,896 | 1,025,066 | 400,720 | — |
| Intangible assets, net | 66,360,444 | 79,786,793 | 29,623,130 | — |
| Goodwill | 252,779,884 | 238,296,200 | 140,287,000 | — |
| Operating right-of-use assets | 4,561,692 | 4,722,573 | 1,893,659 | — |
| Related Party | 14,800,140 | 13,379,301 | — | — |
| Life settlement policies, at fair value | 468,857,929 | 370,398,447 | 122,296,559 | — |
| Life settlement policies, at cost | 918,305 | 1,083,977 | 1,697,178 | — |
| Available-for-sale securities, at fair value; net of allowance for credit losses of $1,245,575 and $— at December 31, 2025 and 2024, respectively | 3,108,750 | 2,205,904 | 1,105,935 | — |
| Other investments, at cost | — | 1,850,000 | 1,650,000 | — |
| Other assets | — | — | 998,945 | — |
| Other investments | 18,253,585 | 0 | 96,107 | — |
| Other assets | 1,428,820 | 1,851,845 | — | — |
| TOTAL ASSETS | 902,240,258 | 874,164,752 | 331,826,067 | 99,374,190 |
| LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | ||||
| CURRENT LIABILITIES: | ||||
| Current portion of long-term debt, at fair value | 114,424,000 | 37,430,336 | — | — |
| Current portion of long-term debt | — | 1,000,000 | 13,029,632 | — |
| Current portion of long-term debt | 1,500,000 | — | — | — |
| Accrued expenses | 10,935,292 | 6,139,472 | 4,354,225 | 9,227,518 |
| Current liabilities - Note payable to related party | — | — | — | 4,924,356 |
| Income taxes payable | — | — | — | 52,485 |
| Warrant liability | — | — | — | 4,576,250 |
| Accounts payable | — | — | 0 | — |
| Current operating lease liabilities | 720,186 | 515,597 | 118,058 | — |
| Contract liabilities, deposits on pending settlements | 169,184 | 2,473,543 | 507,000 | — |
| Accrued transaction costs | 2,336,177 | 483,206 | 0 | — |
| Other current liabilities | 15,853,016 | — | — | — |
| Former Members | — | 0 | 1,159,712 | — |
| Nonrelated Party | — | 14,423,925 | 3,400,734 | — |
| Affiliated Entity | — | 0 | 5,236 | — |
| Income taxes payable | 2,653,366 | 0 | 751,734 | — |
| Total current liabilities | 148,591,221 | 62,466,079 | 23,326,331 | — |
| Nonrelated Party | — | 224,742,029 | 89,137,013 | — |
| Related Party | — | 12,525,635 | 37,653,869 | — |
| Nonrelated Party | 275,780,392 | — | — | — |
| Related Party | 14,114,199 | — | — | — |
| Long-term debt, at fair value | 0 | 105,120,100 | — | — |
| Retrocession fees payable | 5,361,714 | 5,312,214 | — | — |
| Noncurrent operating lease liabilities | 4,637,642 | 4,580,158 | 1,796,727 | — |
| Deferred tax liability | 30,214,160 | 26,778,865 | 9,199,091 | — |
| Warrant liability | 0 | 9,345,000 | 6,642,960 | — |
| TOTAL LIABILITIES | 478,699,328 | 450,870,080 | 167,755,991 | 18,780,609 |
| MEZZANINE EQUITY | ||||
| Temporary Equity, Carrying Amount, Attributable to Parent | 5,000,000 | — | — | — |
| Redeemable Class A Common Stock | — | — | — | 98,983,437 |
| STOCKHOLDERS' EQUITY | ||||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding at December 31, 2025 and 2024 | 0 | 0 | 0 | — |
| Class B common stock | — | — | — | 863 |
| Additional paid-in capital | — | — | — | 24,137 |
| Class A Common Stock | 10,488 | 10,133 | 6,339 | — |
| Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively | (55,808,595) | (12,025,137) | (1,283,062) | — |
| Additional paid-in capital | 515,971,485 | 494,064,113 | 199,826,278 | — |
| Accumulated deficit | (41,632,448) | (57,896,606) | (34,726,135) | (18,414,856) |
| Total Stockholders’ Deficit | — | — | — | (18,389,856) |
| Accumulated other comprehensive income | 0 | 0 | 108,373 | — |
| Noncontrolling interest | 0 | (857,831) | 138,283 | — |
| Total stockholders' equity | 418,540,930 | 423,294,672 | 164,070,076 | — |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | 902,240,258 | 874,164,752 | 331,826,067 | 99,374,190 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.