Abacus Global Management Reports Third Quarter 2025 Results

Core Insights - Abacus Global Management, Inc. reported strong financial performance for the third quarter of 2025, marking its tenth consecutive quarter of earnings growth, with total revenue reaching $63.0 million, a 124% increase year-over-year [1][3][2] - The company has raised its full-year 2025 outlook for adjusted net income to between $80 million and $84 million, reflecting a year-over-year growth of 72% to 81% [6][2] - Recent strategic acquisitions, including AccuQuote, and the issuance of a $50 million securitized asset-backed rated note, are expected to enhance the company's growth trajectory and asset management capabilities [2][11][12] Financial Performance - Total revenue for Q3 2025 was $63.0 million, up from $28.1 million in Q3 2024, driven by growth in Life Solutions and Longevity Funds segments [3][22] - GAAP net income was $7.1 million, compared to a net loss of $5.1 million in the prior year, primarily due to higher revenues [3][22] - Adjusted net income increased 60% year-over-year to $23.6 million, with adjusted diluted earnings per share at $0.24, up from $0.20 [3][22] - Adjusted EBITDA grew 127% year-over-year to $37.9 million, with an adjusted EBITDA margin of 60.2% [3][30] Capital and Liquidity - As of September 30, 2025, the company had cash and cash equivalents of $86.4 million and total assets of $918.9 million [5][31] - The company’s balance sheet policy assets totaled $424.7 million, indicating a strong asset base to support future growth [5][31] Strategic Initiatives - The acquisition of AccuQuote is expected to enhance Abacus's financial services platform and expand its client lifecycle coverage [11][12] - The recent issuance of a $50 million securitized asset-backed rated note is seen as a scalable funding mechanism for future growth [11][12] Outlook - The company anticipates continued strong performance, with adjusted net income growth projected between 72% and 81% for the full year 2025 compared to 2024 [6][2] - Abacus has been added to the Russell 2000® and 3000® Indexes, which is expected to enhance visibility and access to institutional investors [11][12]