ABX Abacus Global Management, Inc.

Overview and Growth

In fiscal 2025, Abacus Global Management, Inc. recorded $235.24M of revenue, net income of $36.53M, and an operating cash outflow of $25.68M. Revenue of $235.24M sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 110.2% above fiscal 2024 revenue of $111.92M, marking a year-over-year increase. The company reported diluted EPS of $0.36, adding a shareholder-level measure to the absolute income figures considered below. The company employed $902.24M of total assets, the balance-sheet base supporting its current operating and cash-flow results. The revenue-to-assets relationship was 0.26x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

After reported cost of revenue, the company retained $206.38M as gross profit before recognizing operating expenses and other items. Gross margin was 87.7%, so that share of each revenue unit remained after the cost of revenue reported for the period. Operations produced $88.76M of income after the reported operating expense base, before the remaining non-operating and tax effects. Relative to revenue, operating income represented 37.7%, showing how efficiently sales converted into operating profit. Net income came to $36.53M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 15.5% margin after operating costs and the remaining recognized items. The reported income-tax provision was $15.43M, the amount recognized between pretax income and the final net-income result. The relationship between net income and period-end equity was 8.7%, indicating the profitability achieved on book capital. The net-income-to-assets relationship measured 4.0%, showing earnings relative to the full balance sheet.

Liquidity and Capital Structure

At period end, the $902.24M asset base was financed through $478.70M of liabilities and $418.54M of equity. Current assets were $69.57M against $148.59M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered only 0.47x of current liabilities, so current liabilities exceeded current assets at period end. Reported cash and equivalents were $38.11M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 25.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $405.82M, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.97x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 45.0% of total assets, placing borrowing in the context of the company’s full resource base. Liabilities represented 53.1% of total assets, quantifying the liability-funded share of the company’s resource base. Cash and equivalents equaled 4.2% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 3.2% from $874.16M in fiscal 2024, leaving current total assets higher year over year. Book equity was 1.1% lower than fiscal 2024 equity of $423.29M, showing how shareholder capital changed year over year. Compared with $131.94M in fiscal 2024, the current cash balance moved 71.1% and finished lower.

Cash Flow and Earnings Quality

Cash flow from operations was an outflow of $25.68M, showing that operations absorbed cash during the period. The company spent $931.44K on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. Negative free cash flow was $26.61M, leaving a cash deficit after capital spending and reducing financial flexibility. The free-cash-flow deficit equaled 11.3% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 2.9% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.