Abacus Life, Inc. ( (ABL) ) has released its Q1 earnings. Here is a breakdown of the information Abacus Life, Inc. presented to its investors.
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Abacus Global Management, Inc. is a prominent financial services company specializing in alternative asset management, offering innovative solutions in longevity-based assets and personalized financial planning. In its first quarter of 2025, Abacus reported a significant increase in total revenue, more than doubling year-over-year to $44.1 million, with a notable rise in adjusted net income by 158% to $17.3 million. The company also saw substantial capital inflows into its longevity funds, totaling $122.8 million, and an impressive growth in adjusted EBITDA, which more than doubled to $24.5 million.
Key financial metrics highlighted in the report include a GAAP net income of $4.6 million, a stark contrast to the net loss of $1.3 million in the previous year. This improvement was largely driven by increased revenues from its Life Solutions segment and asset management fees from recent acquisitions. Additionally, Abacus reported a robust annualized return on invested capital (ROIC) of 16.7% and a return on equity (ROE) of 16.0%, reflecting strong operational performance.
The company’s strategic focus on expanding its asset management business and leveraging its unique business model has positioned it well in the market. With a solid balance sheet, increased product offerings, and a growing brand presence, Abacus is poised to meet its growth targets for the year.
Looking ahead, Abacus maintains a positive outlook for 2025, projecting adjusted net income growth between 51% and 68% compared to the previous year. The company remains committed to capitalizing on its strengths and market opportunities to drive further growth and shareholder value.