Overview
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- TickerABX on NYSE1
- IndustryInvestment Advice1
- HeadquartersOrlando, Florida1
- Incorporated inDE2
- Business address333 South Garland Avenue, Suite 1500, Orlando, Fl 3283012
- Filer categoryAccelerated filer, Smaller reporting company2
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Prior to December 2, 2024, the Company conducted its business through its wholly owned, consolidated subsidiaries, primarily the Companies.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
87.7%Gross margin5
37.7%Operating margin5
15.5%Net margin5
110.2%Revenue growth, 20255
8.7%Return on equity5
0.69×Debt to equity5
-$26.6MFree cash flow5
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Life Solutions brought in 83% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Life Solutions | $108.3M | $200.7M |
| Asset Management | $3.6M | $33.8M |
| Origination | $5.5M | $5.7M |
| Technology Service | $33.6K | $717.2K |
Business segments
Life Solutions brought in 85% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| Life Solutions | $108.3M | $200.7M |
| Asset Management | $3.6M | $33.8M |
| Technology Services | $33.6K | $717.2K |
Regions
United States brought in 86% of the revenue Abacus Global Management, Inc. broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $97.6M | $202.4M |
| LU | $10.4M | $29.9M |
| Other Geographical Location | $3.9M | $2.9M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue12¢$28.9M
- Other costs66¢$154.4M
- Income tax7¢$15.4M
- Profit16¢$36.5M
Out of $235.2M in revenue.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $235.2M | $111.9M |
| Cost of revenue (including stock-based compensation) | $28.9M | $11.4M |
| Gross Profit | $206.4M | $100.6M |
| Sales and marketing | $14.6M | $9.1M |
| General and administrative (including stock-based compensation) | $87.8M | $81.7M |
| (Gain) loss on change in fair value of debt | -$3.4M | $4.8M |
| Unrealized loss on equity securities, at fair value | $0 | $238.0K |
| Realized gain on equity securities, at fair value | $0 | -$2.3M |
| Depreciation and amortization expense | $18.6M | $7.9M |
| Total operating expenses | $117.6M | $101.4M |
| Operating Income (LOSS) | $88.8M | -$888.3K |
| Loss on change in fair value of warrant liability | -$1.7M | -$2.7M |
| Interest expense | -$38.8M | -$18.3M |
| Interest income | $3.9M | $2.4M |
| Other income, net | $625.8K | $38.0K |
| Total other expense | -$36.0M | -$18.5M |
| Net income (loss) before provision for income taxes | $52.7M | -$19.4M |
| Income tax expense | $15.4M | $5.5M |
| NET INCOME (LOSS) | $37.3M | -$24.9M |
| LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST | $786.7K | -$957.0K |
| NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | -$24.0M |
| Earnings (loss) per share - basic (in dollars per share) | $0.38 | -$0.34 |
| Earnings (loss) per share - diluted (in dollars per share) | $0.36 | -$0.34 |
| Weighted-average stock outstandingbasic (in shares) | 96.1M shares | 70.8M shares |
| Weighted-average stock outstandingdiluted (in shares) | 99.2M shares | 70.8M shares |
| Other comprehensive loss | $0 | -$158.6K |
| Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff | $0 | $11.1K |
| Comprehensive income (loss) before non-controlling interests | $37.3M | -$25.1M |
| Net and comprehensive income (loss) attributable to non-controlling interests | $786.7K | -$996.1K |
| COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. | $36.5M | -$24.1M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $38.1M | $131.9M | ||
| Income taxes receivable | $411.1K | $2.1M | ||
| Prepaid expenses and other current assets | $3.6M | $2.6M | ||
| Total current assets | $69.6M | $159.6M | ||
| Property and equipment, net | $1.6M | $1.0M | ||
| Intangible assets, net | $66.4M | $79.8M | ||
| Goodwill | $252.8M | $238.3M | ||
| Operating right-of-use assets | $4.6M | $4.7M | ||
| Life settlement policies, at fair value | $468.9M | $370.4M | ||
| Life settlement policies, at cost | $918.3K | $1.1M | ||
| 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 | $3.1M | $2.2M | ||
| Other investments | $18.3M | $1.9M | ||
| Other assets | $1.4M | $1.9M | ||
| TOTAL ASSETS | $902.2M | $874.2M | ||
| Current portion of long-term debt, at fair value | $114.4M | $37.4M | ||
| Current portion of long-term debt | $1.5M | $1.0M | ||
| Accrued expenses | $10.9M | $6.1M | ||
| Current operating lease liabilities | $720.2K | $515.6K | ||
| Contract liabilities, deposits on pending settlements | $169.2K | $2.5M | ||
| Accrued transaction costs | $2.3M | $483.2K | ||
| Other current liabilities | $15.9M | $14.4M | ||
| Income taxes payable | $2.7M | $0 | ||
| Total current liabilities | $148.6M | $62.5M | ||
| Long-term debt, at fair value | $0 | $105.1M | ||
| Retrocession fees payable | $5.4M | $5.3M | ||
| Noncurrent operating lease liabilities | $4.6M | $4.6M | ||
| Deferred tax liability | $30.2M | $26.8M | ||
| Warrant liability | $0 | $9.3M | ||
| TOTAL LIABILITIES | $478.7M | $450.9M | ||
| Temporary Equity, Carrying Amount, Attributable to Parent | $5.0M | |||
| 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 | ||
| Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively | -$55.8M | -$12.0M | ||
| Additional paid-in capital | $516.0M | $494.1M | ||
| Accumulated deficit | -$41.6M | -$57.9M | ||
| Accumulated other comprehensive income | $0 | $0 | ||
| Noncontrolling interest | $0 | -$857.8K | ||
| Total stockholders' equity | $418.5M | $423.3M | $164.1M | |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $902.2M | $874.2M | ||
| Available-for-sale securities, allowance for credit losses | $1.2M | $0 | ||
| Mezzanine equity, par value (in dollars per share) | $0.00 | |||
| Mezzanine equity, shares authorized (in shares) | 5.0K shares | 5.0K shares | ||
| Mezzanine equity, shares issued (in shares) | 5.0K shares | 0 shares | ||
| Mezzanine equity, shares outstanding (in shares) | 5.0K shares | 0 shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 5.0K shares | 5.0K shares | ||
| Preferred stock, shares outstanding (in shares) | 5.0K shares | 5.0K shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 104.9M shares | 96.7M shares | ||
| Treasury stock (in shares) | 7.4M shares | 1.0M shares |
| Period ending | 2025-12-31 | 2025-03-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $38.1M | $131.9M | ||
| Income taxes receivable | $411.1K | $2.1M | ||
| Prepaid expenses and other current assets | $3.6M | $2.6M | ||
| Total current assets | $69.6M | $159.6M | ||
| Property and equipment, net | $1.6M | $1.0M | ||
| Intangible assets, net | $66.4M | $79.8M | ||
| Goodwill | $252.8M | $238.3M | ||
| Operating right-of-use assets | $4.6M | $4.7M | ||
| Life settlement policies, at fair value | $468.9M | $370.4M | ||
| Life settlement policies, at cost | $918.3K | $1.1M | ||
| 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 | $3.1M | $2.2M | ||
| Other investments | $18.3M | $1.9M | ||
| Other assets | $1.4M | $1.9M | ||
| TOTAL ASSETS | $902.2M | $874.2M | ||
| Current portion of long-term debt, at fair value | $114.4M | $37.4M | ||
| Current portion of long-term debt | $1.5M | $1.0M | ||
| Accrued expenses | $10.9M | $6.1M | ||
| Current operating lease liabilities | $720.2K | $515.6K | ||
| Contract liabilities, deposits on pending settlements | $169.2K | $2.5M | ||
| Accrued transaction costs | $2.3M | $483.2K | ||
| Other current liabilities | $15.9M | $14.4M | ||
| Income taxes payable | $2.7M | $0 | ||
| Total current liabilities | $148.6M | $62.5M | ||
| Long-term debt, at fair value | $0 | $105.1M | ||
| Retrocession fees payable | $5.4M | $5.3M | ||
| Noncurrent operating lease liabilities | $4.6M | $4.6M | ||
| Deferred tax liability | $30.2M | $26.8M | ||
| Warrant liability | $0 | $9.3M | ||
| TOTAL LIABILITIES | $478.7M | $450.9M | ||
| Temporary Equity, Carrying Amount, Attributable to Parent | $5.0M | |||
| 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 | ||
| Treasury stock - at cost; 7,406,118 and 1,048,226 shares repurchased at December 31, 2025 and 2024, respectively | -$55.8M | -$12.0M | ||
| Additional paid-in capital | $516.0M | $494.1M | ||
| Accumulated deficit | -$41.6M | -$57.9M | ||
| Accumulated other comprehensive income | $0 | $0 | ||
| Noncontrolling interest | $0 | -$857.8K | ||
| Total stockholders' equity | $418.5M | $423.3M | $164.1M | |
| TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY | $902.2M | $874.2M | ||
| Available-for-sale securities, allowance for credit losses | $1.2M | $0 | ||
| Mezzanine equity, par value (in dollars per share) | $0.00 | |||
| Mezzanine equity, shares authorized (in shares) | 5.0K shares | 5.0K shares | ||
| Mezzanine equity, shares issued (in shares) | 5.0K shares | 0 shares | ||
| Mezzanine equity, shares outstanding (in shares) | 5.0K shares | 0 shares | ||
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, shares issued (in shares) | 5.0K shares | 5.0K shares | ||
| Preferred stock, shares outstanding (in shares) | 5.0K shares | 5.0K shares | ||
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 200.0M shares | 200.0M shares | ||
| Common stock, shares issued (in shares) | 104.9M shares | 96.7M shares | ||
| Treasury stock (in shares) | 7.4M shares | 1.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $37.3M | -$24.9M |
| Depreciation and amortization | $18.6M | $7.9M |
| Allowance for credit losses | $1.2M | $0 |
| Impairment of other investment | $500.0K | $0 |
| Stock-based compensation | $15.5M | $43.4M |
| Amortization of debt issuance costs | $2.4M | $936.1K |
| Unrealized loss on equity securities, at fair value | $0 | $238.0K |
| Unrealized gain on other investments | -$204.0K | $0 |
| Non-cash gain on policy trades | $0 | -$6.4M |
| Unrealized gain on policies, at fair value | -$49.3M | -$53.8M |
| Loss (Gain) on change in fair value of debt | -$3.4M | $4.8M |
| Loss on change in fair value of warrant liability | $1.7M | $2.7M |
| Non-cash interest income | -$384.6K | -$100.0K |
| Deferred income taxes | $824.7K | $6.0M |
| Non-cash lease expense | $423.0K | $352.1K |
| Non-cash other income | -$1.8M | $0 |
| Accounts receivable | -$798.8K | -$13.2M |
| Accounts receivable, related party | -$5.6M | $266.0K |
| Equity securities, at fair value | $0 | $2.2M |
| Prepaid expenses and other current assets | -$948.4K | -$361.9K |
| Other assets | $115.8K | -$537.2K |
| Accrued expenses | $3.9M | $802.5K |
| Accrued transaction costs | $1.9M | $483.2K |
| Contract liabilities, deposits on pending settlement | -$2.3M | $2.0M |
| Other current liabilities | -$4.3M | $3.9M |
| Income tax payable | $3.0M | -$751.7K |
| Income tax receivable | $1.7M | -$2.2M |
| Retrocession fees payable | -$44.7K | $1.7M |
| Net change in life settlement policies, at fair value | -$49.2M | -$187.9M |
| Net change in life settlement policies, at cost | $165.7K | $613.2K |
| Net cash used in operating activities | -$25.7M | -$208.8M |
| Origination of note receivable | -$7.0M | $0 |
| Acquisition of businesses, net of cash acquired | -$1.6M | -$2.4M |
| Purchase of property and equipment | -$931.4K | -$786.2K |
| Purchase of intangible assets | $0 | -$18.9K |
| Purchase of other investments | -$11.7M | -$200.0K |
| Purchase of available for sale securities | -$2.0M | -$1.0M |
| Change in due from affiliates | $0 | -$519.5K |
| Net cash used in investing activities | -$23.3M | -$5.0M |
| Issuance of long term debt | $50.0M | $125.0M |
| Issuance of long term-debt, at fair value | $26.0M | $73.5M |
| Payment of discounts and financing costs | -$1.5M | -$7.5M |
| Repayment of debt, at fair value | -$51.2M | -$4.0M |
| Common stock issuance | $0 | $181.7M |
| Common stock issuance transaction costs | -$3.5M | -$14.8M |
| Repurchase of common stock | -$43.8M | -$10.7M |
| Transaction costs | $0 | -$483.5K |
| Payment of Series A Convertible Preferred dividend | -$287.5K | $0 |
| Payment of Common dividend | -$19.6M | $0 |
| Warrant conversions | $0 | $6.9M |
| Net cash (used in) provided by financing activities | -$44.9M | $320.1M |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | -$93.8M | $106.4M |
| Non-cash sale of life settlement policies, at fair value | $0 | $25.0M |
| Non-cash purchase of life settlement policies, at fair value | $0 | $25.0M |
| Non-cash consideration for business acquisition | $9.3M | $0 |
| Non-cash issuance of debt in connection with business acquisition | $2.0M | $72.7M |
| Non-cash issuance of common stock in connection with business acquisition | $1.6M | $77.5M |
| Non-cash investment in other investments | $5.0M | $0 |
| Non-cash issuance of series A convertible preferred stock | $5.0M | $0 |
| Warrant Conversions | $11.0M | $0 |
| Interest paid | $34.0M | $11.6M |
| Income taxes paid, net of refunds | $9.2M | $2.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Abacus Global Management, Inc. sits at the top of its group. 5 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Abacus Global Management, Inc.
- Pillo Portsmouth Holding Company, LLC Filed SC 13D on Abacus Global Management, Inc., latest Dec 10, 2024
- SZOP MULTISTRAT LP Filed SC 13G/A on Abacus Global Management, Inc., latest Feb 13, 2024
- Alberta Investment Management Corporation Filed SC 13G/A on Abacus Global Management, Inc., latest Feb 12, 2024 (2 filings since Feb 14, 2023)
- Jay J. Jackson Filed SC 13D/A on Abacus Global Management, Inc., latest Oct 20, 2023 (2 filings since Jul 10, 2023)
- Kevin Scott Kirby Filed SC 13D/A on Abacus Global Management, Inc., latest Oct 20, 2023 (2 filings since Jul 10, 2023)
- Matthew Ganovsky Filed SC 13D/A on Abacus Global Management, Inc., latest Oct 20, 2023 (2 filings since Jul 10, 2023)
- Sean McNealy Filed SC 13D/A on Abacus Global Management, Inc., latest Oct 20, 2023 (2 filings since Jul 10, 2023)
- Terrence M. Pegula Filed SC 13D/A on Abacus Global Management, Inc., latest Oct 17, 2023 (2 filings since Jul 10, 2023)
- Karpus Management, Inc. Filed SC 13G/A on Abacus Global Management, Inc., latest Aug 9, 2023 (2 filings since Feb 14, 2023)
- SZOP Multistrat Management LLC Filed SC 13G on Abacus Global Management, Inc., latest May 19, 2023
- GLAZER CAPITAL, LLC Filed SC 13G/A on Abacus Global Management, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
- Clearbridge Investments, LLC Filed SC 13G/A on Abacus Global Management, Inc., latest Feb 10, 2023 (2 filings since Feb 9, 2022)
- Abacus Global Management, Inc. Orlando, Florida
- Abacus Settlements, LLC Entity also does business under the name: • Abacus Life Subsidiary · Delaware, United States
- Carlisle Management Company, S.A.R.L. Subsidiary · Luxembourg
- LMA Income Series II, LP Subsidiary · Delaware, United States
- Longevity Market Assets, LLC Entity also does business under the name: • ABL Tech • ABL Technologies Subsidiary · Delaware, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Abacus Global Management, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $2.2M5 Dec 31, 2025 | $1.3M5 Dec 31, 2024 | +74.1% |
| Accumulated depreciation | $590.3K5 Dec 31, 2025 | $231.7K5 Dec 31, 2024 | +154.8% |
| Property and equipment, net | $1.6M5 Dec 31, 2025 | $1.0M5 Dec 31, 2024 | +55.9% |
| Operating-lease assets (leased space) | $4.6M5 Dec 31, 2025 | $4.7M5 Dec 31, 2024 | −3.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $38.1M5 Dec 31, 2025 | $131.9M5 Dec 31, 2024 | −71.1% |
| Marketable securities, non-current | $3.1M5 Dec 31, 2025 | $2.2M5 Dec 31, 2024 | +40.9% |
| Debt securities available for sale | $3.1M5 Dec 31, 2025 | $2.2M5 Dec 31, 2024 | +40.9% |
| Equity securities at fair value | $07 Dec 31, 2024 | $2.3M7 Dec 31, 2023 | −100.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $252.8M5 Dec 31, 2025 | $238.3M5 Dec 31, 2024 | +6.1% |
| Intangible assets, net (excluding goodwill) | $66.4M5 Dec 31, 2025 | $79.8M5 Dec 31, 2024 | −16.8% |
| Finite-lived intangibles, gross | $91.1M5 Dec 31, 2025 | $86.3M7 Dec 31, 2024 | +5.6% |
| Accumulated amortization | $28.4M5 Dec 31, 2025 | $11.1M7 Dec 31, 2024 | +156.5% |
| Finite-lived intangibles, net | $62.7M5 Dec 31, 2025 | $75.2M7 Dec 31, 2024 | −16.7% |
Properties, in its own words
Our corporate headquarters is in Orlando, Florida. The office lease for our headquarters consists of approximately 19 thousand square feet of office space expiring in December 2029. We also lease office space in Luxembourg for our Asset Management business consisting of approximately 2 thousand square feet pursuant expiring in July 2033. We believe our facilities are adequate and suitable for our current needs and that, should it be needed, suitable additional or alternative space will be available to accommodate our operations.
Item 2 of the 10-K filed Mar 13, 2026.4
Leadership
Who has led Abacus Global Management, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2025
- Chief executive officerJay J. Jackson Jul 10, 2023 to now12
- Chief executive officerTerrence M. Pegula Jul 22, 2020 to Jul 22, 202013
- PresidentSamantha Butcher Apr 27, 2026 to now14
- PresidentKevin Scott Kirby Jul 10, 2023 to Apr 27, 202615
- PresidentMatthew Ganovsky Jul 10, 2023 to Apr 27, 202616
- PresidentSean McNealy Jul 10, 2023 to Apr 27, 202617
- PresidentTerrence M. Pegula Jul 22, 2020 to Jul 22, 202013
- Chief financial officerWilliam Hugh McCauley Jr. Jul 10, 2023 to now18
- Chief financial officerGary L. Hagerman Jr. Jul 22, 2020 to Jul 30, 202019
- Chief operating officerWilliam Hugh McCauley Jr. Aug 21, 2026 to now20
Board members and other officers (20)
- CAO and TreasurerAlexei Solomon Apr 27, 2026 to now21
- Chief Investment OfficerElena Plesco Apr 27, 2026 to now22
- Chief Investment OfficerAdam Samuel Gusky Jul 22, 2020 to Nov 2, 202223
- VP, Business DevelopmentBenjamin M. Wingard Jul 22, 2020 to Jul 31, 202024
- VP, OperationsJacob R. Long Jul 22, 2020 to Aug 6, 202025
- GC & SecretaryJohn P. Sieminski Jul 22, 2020 to Jul 30, 202026
- Board memberJay J. Jackson Jul 10, 2023 to now12
- Board memberKarla Radka Jul 10, 2023 to now27
- Board memberKatwijk Cornelis Michiel Van Jul 10, 2023 to now28
- Board memberMary Beth Schulte Jul 10, 2023 to now29
- Board memberSean McNealy Jul 10, 2023 to now17
- Board memberAdam Samuel Gusky Nov 13, 2023 to now30
- Board memberThomas A. Lopus Sep 22, 2021 to Sep 22, 202131
- Board memberAllen F. Sobol Jul 22, 2020 to Jul 31, 202032
- Board memberGary L. Hagerman Jr. Jul 22, 2020 to Jul 30, 202019
- Board memberJames S. Morrow Jul 22, 2020 to Jul 22, 202033
- Board memberKim S. Pegula Jul 22, 2020 to Jul 22, 202013
- Board memberTerrence M. Pegula Jul 22, 2020 to Jul 22, 202013
- Board memberThomas W. Corbett Jul 22, 2020 to Jul 22, 202034
- Board memberWilliam A. Fustos Jul 22, 2020 to Sep 24, 202035
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- Abacus Settlements, LLC Entity also does business under the name: • Abacus Life Delaware3
- Carlisle Management Company, S.A.R.L. Luxembourg3
- LMA Income Series II, LP Delaware3
- Longevity Market Assets, LLC Entity also does business under the name: • ABL Tech • ABL Technologies Delaware3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Aug 24, 20268-K Regulation FD disclosure36
- Aug 13, 20268-K Regulation FD disclosure; Other events37
- Aug 6, 20268-K Results of operations; Regulation FD disclosure38
- Jul 2, 20268-K Entered a material agreement; Executive or director change39
- Jun 10, 20268-K Regulation FD disclosure40
- Jun 4, 20268-K Executive or director change; Shareholder vote41
- May 27, 20268-K Other events42
- May 7, 20268-K Results of operations; Regulation FD disclosure43
- Apr 21, 20268-K Executive or director change44
- Mar 18, 20268-K Change of auditor; Executive or director change45
- Mar 12, 20268-K Results of operations; Regulation FD disclosure46
- Jan 30, 20268-K Regulation FD disclosure; Other events47
- Jul 10, 2023New chief executive Jay J. Jackson becomes CEO12
- Jul 22, 2020New chief executive Terrence M. Pegula becomes CEO13
Calendar
Coming up
- Nov 5, 2026 · After the closeReports results for the quarter ending Sep/202648
When it reported results
- Aug 6, 2026Reported quarterly or annual results38
- May 7, 2026Reported quarterly or annual results43
- Mar 12, 2026Reported quarterly or annual results46
- Nov 6, 2025Reported quarterly or annual results49
- Aug 8, 2025Reported quarterly or annual results50
- May 8, 2025Reported quarterly or annual results51
- Nov 7, 2024Reported quarterly or annual results52
- Oct 22, 2024Reported quarterly or annual results53
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
386 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 84 major events, 106 insider forms, 24 large holders, 149 other. The latest 20:
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 23, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 22, 20264 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 18, 2026144 EDGAR
- Sep 18, 2026144 EDGAR
- Aug 24, 20268-K EDGAR
- Aug 21, 20264 EDGAR
- Aug 19, 2026144 EDGAR
- Aug 14, 20264 EDGAR
- Aug 13, 20268-K EDGAR
- Aug 12, 2026144 EDGAR
- Aug 10, 202610-Q EDGAR
- Aug 6, 20268-K EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
- Aug 5, 20264 EDGAR
The 386 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
46 open-market trades by officers, directors and large owners since October 2021: 14 buys and 32 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 23, 2026 | Ganovsky Matthew10% owner | Sale | 22,800 | $7.74 | $176.5K | Form 4 |
| Sep 23, 2026 | Kirby Kevin Scott10% owner | Sale | 22,745 | $7.74 | $176.0K | Form 4 |
| Sep 23, 2026 | McNealy Sean10% owner | Sale | 22,700 | $7.74 | $175.7K | Form 4 |
| Sep 22, 2026 | McNealy Sean10% owner | Sale | 21,100 | $8.01 | $169.0K | Form 4 |
| Sep 22, 2026 | Kirby Kevin Scott10% owner | Sale | 21,100 | $8.01 | $169.0K | Form 4 |
| Sep 22, 2026 | Ganovsky Matthew10% owner | Sale | 21,312 | $8.01 | $170.7K | Form 4 |
| Sep 21, 2026 | McNealy Sean10% owner | Sale | 35,854 | $8.13 | $291.5K | Form 4 |
| Sep 21, 2026 | Kirby Kevin Scott10% owner | Sale | 36,400 | $8.13 | $295.9K | Form 4 |
| Sep 21, 2026 | Ganovsky Matthew10% owner | Sale | 36,000 | $8.13 | $292.7K | Form 4 |
| Sep 18, 2026 | McNealy Sean10% owner | Sale | 24,000 | $8.79 | $211.0K | Form 4 |
| Sep 18, 2026 | Kirby Kevin Scott10% owner | Sale | 24,000 | $8.79 | $211.0K | Form 4 |
| Sep 18, 2026 | Ganovsky Matthew10% owner | Sale | 24,000 | $8.79 | $211.0K | Form 4 |
| Aug 20, 2026 | McCauley William Hugh JRCOO and CFO | Sale | 125,000 | $9.10 | $1.1M | Form 4 |
| Aug 12, 2026 | Jackson Jay JChief Executive Officer | Sale | 196,000 | $8.77 | $1.7M | Form 4 |
| Aug 3, 2026 | McNealy Sean10% owner | Sale | 38,333 | $10.31 | $395.2K | Form 4 |
| Aug 3, 2026 | Kirby Kevin Scott10% owner | Sale | 38,334 | $10.31 | $395.2K | Form 4 |
| Aug 3, 2026 | Ganovsky Matthew10% owner | Sale | 38,333 | $10.31 | $395.2K | Form 4 |
| Feb 18, 2026 | Ganovsky Matthew10% owner | Sale | 2,386 | $8.38 | $20.0K | Form 4 |
| Feb 18, 2026 | Kirby Kevin Scott10% owner | Sale | 2,386 | $8.38 | $20.0K | Form 4 |
| Feb 18, 2026 | McNealy Sean10% owner | Sale | 2,386 | $8.38 | $20.0K | Form 4 |
All 46 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Pillo Portsmouth Holding Company, LLCSC 13D, 1 filing Dec 10, 202454
- SZOP MULTISTRAT LPSC 13G/A, 1 filing Feb 13, 202455
- Alberta Investment Management CorporationSC 13G/A, 2 filings Feb 14, 2023 to Feb 12, 202456
- Jay J. JacksonSC 13D/A, 2 filings Jul 10, 2023 to Oct 20, 202357
- Kevin Scott KirbySC 13D/A, 2 filings Jul 10, 2023 to Oct 20, 202358
- Matthew GanovskySC 13D/A, 2 filings Jul 10, 2023 to Oct 20, 202359
- Sean McNealySC 13D/A, 2 filings Jul 10, 2023 to Oct 20, 202360
- Terrence M. PegulaSC 13D/A, 2 filings Jul 10, 2023 to Oct 17, 202361
- Karpus Management, Inc.SC 13G/A, 2 filings Feb 14, 2023 to Aug 9, 202362
- SZOP Multistrat Management LLCSC 13G, 1 filing May 19, 202363
- GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 202364
- Clearbridge Investments, LLCSC 13G/A, 2 filings Feb 9, 2022 to Feb 10, 202365
- ADAGE CAPITAL PARTNERS GP, L.L.C.SC 13D/A, 3 filings Feb 10, 2022 to Jan 24, 202366
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | William McCauleyChief Financial Officer | 53 | $369.2K | $3.8M67 |
| 2025 | Sean McNealyPresident | 60 | $304.7K | $2.5M67 |
| 2025 | Jay JacksonChief Executive Officer | 53 | $400.0K | $767 |
| 2024 | William McCauleyChief Financial Officer | 53 | $300.0K | $2.4M67 |
| 2024 | Jay JacksonChief Executive Officer | 53 | $300.0K | $1.5M67 |
| 2024 | Sean McNealyPresident | 60 | $300.0K | $1.5M67 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Abacus Global Management, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARAbacus Global Management, Inc.1
- CIK0001814287
- Employer ID (EIN)85-12104724
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6282 Investment Advice1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address333 South Garland Avenue, Suite 1500, Orlando, FL 3283011
- Phone(800) 561-41481
- Shares outstanding97,792,249 as of Jul 30, 202610
- Public float$142.3M as of Jun 30, 20254
- AuditorGRANT THORNTON LLP, Philadelphia, Pennsylvania PCAOB ID 248; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJun 8, 20201
- Filings441 in all: 4 (102), 8-K (94), CORRESP (27), 3 (25), 10-Q (19), DEFA14A (18), UPLOAD (18), EFFECT (10)1
All 46 form types
S-1/A (9), SC 13G/A (9), NT 10-Q (7), SC 13D (7), 10-K (6), 424B3 (6), SC 13D/A (6), SC 13G (6), 144 (5), DEF 14A (5), PRER14A (5), S-1 (5), 10-K/A (4), 425 (4), 4/A (3), 8-A12B (3), ARS (3), CERT (3), S-3 (3), S-8 (3), 25-NSE (2), 424B2 (2), 424B7 (2), 8-A12B/A (2), DRS (2), NT 10-K (2), PRE 14A (2), SC TO-I/A (2), 15-12G (1), 25 (1), 424B1 (1), DEFM14A (1), POS AM (1), PREM14A (1), S-3/A (1), S-4 (1), S-4/A (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 10, 2026
Proxy statement (DEF 14A) Apr 21, 2026
Latest 8-K (8-K) Aug 24, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common stock, par value $0.0001 per share | ABX | New York Stock Exchange |
| 9.875% Fixed Rate Senior Notes due 2028 | ABXL | New York Stock Exchange |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Abacus Global Management, Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 35 risks under these headings, as written.4
- Risks Related to our Business
- Risks Related to the Regulatory and Legal Environment
- Risks Related to Our Common Stock
- The Company’s valuation of life insurance policies is uncertain as many life insurance policies’ values are tied to their actual maturity date and any erroneous valuations could have a material adverse impact on the Company’s business.
- The Company could fail to accurately forecast life expectancies. There may also be changes to life expectancies generally, or from improvements in health care treatments, resulting from people living longer in the future, which could result in a lower return on the Company’s life settlement policies.
- The Company’s policy acquisitions are limited by the market availability of life insurance policies that meet the Company’s eligibility criteria and purchase parameters, and failure to secure a sufficient number of quality life insurance policies could have a material adverse effect on the Company’s business.
- The Company may experience increased competition from originating life insurance companies, life insurance brokers, and investment funds which could have a material adverse effect on the Company’s business.
- Historically, there has been a negative public perception of the life settlement industry that could affect the value and/or liquidity of the Company’s investments and the life settlement industry faces political opposition from life insurance companies.
- The Company, or third parties on which it relies, could fail to accurately evaluate, acquire, maintain, track, or collect on life settlement policies, which could have a material adverse impact on the Company’s revenues.
- There is a risk of fraud in the origination of the original life insurance policy or in subsequent sales of the life insurance policy that could adversely affect the Company’s investment returns which could have a material adverse impact on the Company’s business.
- The Company may become subject to claims by life insurance companies, individuals and their families, or regulatory authorities which could have a material adverse impact on the Company’s business.
- The Company faces privacy and cyber security risks related to its maintenance of proprietary information, including information regarding life settlement policies and the related insureds, and any adverse impact related to such risks could have a material adverse impact on the Company’s business.
The other 26 risks
- The failure of the Company to accurately and timely track and pay premium payments on the life insurance policies it holds could result in the lapse of such policies which would have a material adverse impact on the Company’s business.
- The life insurance company that has issued a life insurance policy we own may increase the cost of insurance premiums, which would adversely affect the Company’s investment returns.
- The Company may not be able to liquidate its life insurance policies, which could have a material adverse effect on the Company’s business.
- The Company bears the credit risk associated with life insurance companies and may not be able to realize the full value of insurance company payouts on life insurance policies we own when they mature, which could have a material adverse effect on the Company’s profits.
- The Company’s success depends on the services of its experienced management and talented employees. If the Company is unable to retain management and/or key employees, its ability to compete could be harmed.
- The Company’s intellectual property rights may not adequately protect the Company’s business.
- Outstanding and future indebtedness could adversely affect the Company’s financial and operational flexibility.
- Failure to maintain adequate financial, information technology and management processes and controls could result in material weaknesses and lead to errors in our financial reporting, which could adversely affect our business as a public company.
- The Company’s ability to timely raise capital in the future may be limited, or may be unavailable on acceptable terms, if at all. A failure to raise capital when needed could harm the Company’s business, operating results and financial condition. Debt issued to raise additional capital may reduce the cash flow available to make required payments with respect to the notes and affect our ability to execute our investment strategy or impact the value of the Company’s investments.
- The Company’s use of different estimates and assumptions in the application of its accounting policies could result in material changes to its reported financial condition and results of operations, and changes in accounting standards or their interpretation could significantly impact its reported results of operations.
- The Company’s international operations pose additional risks that may adversely impact our financial results and operations.
- Because a portion of the Company’s business is conducted in currency other than U.S. dollar, the Company has foreign currency risk.
- Litigation and other claims and liabilities have arisen and may arise with respect to the acquisitions that we consummate or the businesses acquired, including our recently completed acquisitions, and could have a material adverse effect on our business and financial results.
- Events and circumstances outside of the Company’s control may disrupt the ability of the Company and its providers to originate life settlement policies, or to generate such policies on acceptable terms, which could have a material adverse impact on the Company’s financial position.
- Risks related to the Regulatory and Legal Environment
- Life settlements in which we invest are not currently regulated under the federal securities laws, but if deemed to be securities would require further compliance with federal and state securities laws, which could result in significant additional regulatory burdens on the Company, and limit the Company’s investments, which would materially impact the Company’s ability to conduct its business.
- The Company may be subject to certain U.S. state securities laws, and failure to comply with applicable requirements may result in fines, sanctions and rescission of purchase or sale transactions.
- The Company could in the future be required to register as an investment company under the Investment Company Act or could have to substantively change its business model to fit within an applicable exemption from such registration requirement.
- The Company is subject to U.S. privacy laws and regulations. Failure to comply with such obligations could lead to regulatory investigations or actions; litigation; fines and penalties; disruptions of operations; reputational harm; loss of revenue or profits; and other adverse business consequences.
- There have been lawsuits in various states questioning whether a purchaser of a life insurance policy has the requisite “insurable interest” in the policy which would permit the purchaser to collect the insurance benefits and an adverse finding in any of these lawsuits could have a material adverse effect on the Company’s business.
- Changes in tax laws or regulations or their interpretation could negatively impact our cash flows and results of operations.
- The Company’s business may be subject to additional or different government regulation in the future, which could have a material adverse impact on the Company’s business.
- Risks Related to our Common Stock
- Our stock repurchase program may not enhance long-term stockholder value and could increase the volatility of the market price of our common stock and diminish our cash.
- Our Board has broad discretion to issue additional securities, and to raise sufficient funds to expand our operations, we may have to issue securities at prices which may result in substantial dilution to our stockholders.
- If we issue additional debt securities, our operations may be restricted, we will be exposed to additional risk and the market price of our Common Stock could be adversely affected.
- If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our Common Stock or if our operating results do not meet their expectations, our stock price could decline.
- The trading price of our Common Stock has been, and is likely to continue to be, volatile and could be subject to wide fluctuations in response to various factors, some of which are beyond our control.
Legal proceedings
From time to time, the Company is involved in various civil actions as part of its normal course of business. In view of the inherent difficulty of predicting the outcome of such matters, the Company cannot state what the eventual outcome of these matters will be. However, the Company believes, based on current knowledge and
after consultation with counsel, that the Company is not a party to any litigation that is material to ongoing operations as defined in Item 103 of Regulation S-K as of the end of the period to which this Report relates.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 14SEC EDGARSamantha Butcher, President
- 15SEC EDGARKevin Scott Kirby, President
- 16SEC EDGARMatthew Ganovsky, President
- 17SEC EDGARSean McNealy, President
- 18
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- 20
- 21SEC EDGARAlexei Solomon, CAO and Treasurer
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- 25SEC EDGARJacob R. Long, VP, Operations
- 26SEC EDGARJohn P. Sieminski, GC & Secretary
- 27SEC EDGARKarla Radka, Board member
- 28
- 29SEC EDGARMary Beth Schulte, Board member
- 30SEC EDGARAdam Samuel Gusky, Board member
- 31SEC EDGARThomas A. Lopus, Board member
- 32SEC EDGARAllen F. Sobol, Board member
- 33SEC EDGARJames S. Morrow, Board member
- 34SEC EDGARThomas W. Corbett, Board member
- 35SEC EDGARWilliam A. Fustos, Board member
- 36SEC EDGARRegulation FD disclosure
- 37
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- 40SEC EDGARRegulation FD disclosure
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- 42SEC EDGAROther events
- 43
- 44SEC EDGARExecutive or director change
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- 48NasdaqNasdaq calendar
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