Abacus Global Management Inc (ABL) reported a robust third quarter 2024 (QQ3 2024) with meaningful top-line growth and improving adjusted profitability, underscoring the company’s strategic shift toward a diversified, technology-enabled life settlements platform and expanding asset-management capabilities. Reported total revenue rose 33% year-over-year to $28.1 million, while adjusted EBITDA expanded 54% year-over-year to $16.7 million and adjusted net income rose 65% to $14.9 million (approximately $0.20 diluted EPS). However, GAAP net income declined to a loss of $5.1 million largely due to a noncash $8.7 million increase in warrant liability, highlighting the drag of noncash items on GAAP earnings despite solid cash-based profitability.