Abacus Global Management
ABL
$6.89 -0.72%
Exchange: NASDAQ | Sector: Financial Services | Industry: Insurance Life
Q2 2025
Published: Aug 12, 2025

Earnings Highlights

  • Revenue of $56.22M up 87.8% year-over-year
  • EPS of $0.18 increased by 1% from previous year
  • Gross margin of 89.2%
  • Net income of 17.58M
  • "We almost doubled total revenue year-over-year to $56.2 million, while increasing adjusted net income to $21.9 million and adjusted EBITDA to $31.5 million." - Jay J. Jackson
ABL
Company ABL

Executive Summary

Abacus Global Management delivered a standout QQ2 2025, nearly doubling revenue year over year to $56.2 million and generating meaningful profitability uplift. Adjusted net income reached $21.9 million and adjusted EBITDA rose to $31.5 million, underpinned by strong contributions from Life Solutions origination and asset management fees. The company also reported robust policy origination activity, with 399 policies syndicated for $208.4 million in fair value and realized gains of $58.3 millionβ€”even as it expanded balance sheet policy assets to $387.3 million and maintained substantial cash of $74.8 million. New KPI disclosures on turnover, aging, and realized gains on sale reinforce Abacus’ disciplined balance-sheet management and capital deployment approach, while capital allocation actions (a $20 million share repurchase program and a warrant exchange) demonstrate a constructive stance toward shareholder value. Management raised full-year guidance for adjusted net income to $74–$80 million, signaling confidence in continued momentum in both originations and asset-management activities. Looking ahead, Abacus emphasizes a differentiated, originator-market-maker model focused on noncorrelated assets, continued demand for liquidity solutions, and expanding wealth-management capabilities, balanced by macro uncertainty and regulatory considerations. Overall, the QQ2 2025 results reinforce a favorable mid-cycle growth trajectory with a durable core profitability profile and significant optionality from asset-management fees and new product initiatives.

Key Performance Indicators

Revenue
Increasing
56.22M
QoQ: 27.38% | YoY: 87.84%
Gross Profit
Increasing
50.17M
89.23% margin
QoQ: 35.48% | YoY: 97.22%
Operating Income
Increasing
22.52M
QoQ: 7.10% | YoY: 232.60%
Net Income
Increasing
17.58M
QoQ: 278.99% | YoY: 2 183.65%
EPS
Increasing
0.19
QoQ: 294.19% | YoY: 1 470.25%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q3 2025 62.98 0.07 +123.7% View
Q2 2025 56.22 0.18 +87.8% View
Q1 2025 44.14 0.05 +105.4% View
Q4 2024 33.21 -0.24 +40.2% View
Q3 2024 28.15 -0.07 +33.3% View