Abacus Global Management (ABX) AI Stock Analysis

• Market Cap: $804.51M
• Dividend Yield: N/A
• Average Volume (3M): 514.61K
• Price to Earnings (P/E): 106.5
• Beta (1Y): 0.52
• Revenue Growth: 91.78%
• EPS Growth: N/A
• Country: US
• Employees: 157
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.24
• Shares Outstanding: 97,752,850
• 10 Day Avg. Volume: 398,810
• 30 Day Avg. Volume: 514,609
• PEG Ratio: 0.08
• Price to Book (P/B): 1.31
• Price to Sales (P/S): 4.95
• P/FCF Ratio: -2.64
• Enterprise Value/Market Cap: 1.41
• Enterprise Value/Revenue: 5.77
• Enterprise Value/Gross Profit: 6.59
• Enterprise Value/Ebitda: 14.91
• 1Y Price Target: $12.83
• Price Target Upside: 54.21% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 1
• Revenue Forecast (FY): $248.56M

• Rating: 68 Neutral
• Price Target: $9.50 ▲(14.18% Upside)

The score is driven by solid technical momentum and a constructive earnings-call outlook with raised guidance and shareholder-return actions. These positives are meaningfully offset by weaker underlying financial quality (negative profitability metrics and stressed free cash flow) and an expensive valuation (very high P/E).

Positive Factors

Sustained Revenue Momentum

Ten consecutive quarters of beating consensus and 124% YoY Q3 revenue growth indicate durable demand for Abacus’s life-settlement origination and servicing. Persistent top-line expansion supports scale benefits, strengthens negotiating power with counterparties, and underpins longer-term AUM and fee growth.

Institutional Funding Channel

An investment-grade securitization establishes a repeatable, lower-cost funding source and validates institutional appetite for longevity-linked assets. Retaining servicing rights creates recurring fee income, improves cash visibility, and reduces reliance on equity or ad-hoc financing for policy purchases.

AUM and Fee-Related Growth Path

Growing AUM and strategic M&A (e.g., AccuQuote) drive a structural shift from transactional income to recurring management and servicing fees. Higher fee mix reduces revenue cyclicality, enhances margin predictability, and aligns incentives with institutional investors, supporting sustainable earnings power.

Negative Factors

Weak Cash Generation

Poor operating cash conversion and negative FCF growth constrain the company’s ability to self-fund policy purchases and invest in scaling. Reliance on external financing or securitizations raises funding cost sensitivity and limits flexibility for sustained capital deployment and shareholder returns.

Negative Net Profitability and ROE

Despite strong top-line and healthy EBIT margin, negative net margin and ROE indicate non-operating costs, financing or tax items eroding shareholder returns. Persistent inability to convert operating profits to net income undermines long-term capital efficiency and investor return prospects.

Rising Operating Costs & Deployment Inefficiency

Material expense growth driven by acquisitions, G&A, and marketing expands the fixed cost base, pressuring margins if revenue mix shifts lag. Coupled with below-expectation capital deployment and elevated turnover, this suggests scaling inefficiencies that could slow sustainable IRRs on life-settlement portfolios.

Abacus Global Management Business Overview & Revenue Model

Company Description

Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States. It operates in five segments: Active Management, Originations, Asset Management, Portfolio Servicing, and Technology Services. The Active Management segment is involved in the buying, selling, and trading of policies; and the maintenance of policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who are often the original policy owners. The Asset Management segment provides asset management services to investors investing in alternative investment and equity portfolio funds based on fund investment agreements. Its Portfolio Servicing segment offers policy services to customers on a contract basis. The Technology Services segment provides real-time mortality verification, missing participant verification, and other services specific to the life insurance market services to customers on a contract basis. It sells its products through financial advisors or agents, direct-to-consumer, and traditional life settlements intermediaries. The company was formerly known as Abacus Life, Inc. and changed its name to Abacus Global Management, Inc. in February 2025. Abacus Global Management, Inc. was founded in 2004 and is headquartered in Orlando, Florida.

How the Company Makes Money

Abacus Life generates revenue primarily through the acquisition of life insurance policies at a discount to their face value. The company earns money by collecting the death benefits upon the policyholder's passing, which typically exceeds the initial purchase price. Key revenue streams include the premiums paid on acquired policies, the appreciation in policy value, and potential investment income from the capital used to purchase these policies. Additionally, ABL may engage in partnerships with financial institutions and brokers that facilitate policy acquisitions, further enhancing its revenue potential through commission structures and referral fees.

Abacus Global Management Financial Statement Overview

Summary

Strong revenue growth (21.54% TTM) and healthy EBIT margin (20.03% TTM) support the score, but profitability is weak (net margin -0.72% TTM, ROE -0.30% TTM) and cash generation is a key concern (FCF growth -14.99% TTM; low OCF-to-net income at 0.19; FCF-to-net income -4.84).

Income Statement

Abacus Life shows a strong revenue growth rate of 21.54% TTM, indicating a positive trajectory. However, the net profit margin is negative at -0.72% TTM, reflecting profitability challenges. The EBIT margin of 20.03% TTM is healthy, suggesting operational efficiency, but the EBITDA margin of 28.95% TTM indicates room for improvement in managing non-operating expenses.

Balance Sheet

The company's debt-to-equity ratio of 0.86 TTM is moderate, indicating a balanced approach to leveraging. However, the return on equity is negative at -0.30% TTM, highlighting inefficiencies in generating returns for shareholders. The equity ratio of 47.84% TTM suggests a stable capital structure with a solid equity base.

Cash Flow

Abacus Life's free cash flow growth rate is negative at -14.99% TTM, indicating cash flow challenges. The operating cash flow to net income ratio of 0.19 TTM suggests limited cash generation from operations. Additionally, the free cash flow to net income ratio of -4.84 TTM highlights significant cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	196.55M	111.92M	66.40M	44.71M	22.59M	1.22M
Gross Profit	172.01M	100.55M	59.91M	38.83M	8.39M	710.01K
EBITDA	76.02M	6.76M	23.78M	34.81M	1.03M	662.02K
Net Income	11.04M	-23.96M	9.52M	31.68M	997.41K	662.02K
Balance Sheet
Total Assets	918.94M	874.16M	331.83M	59.09M	1.84M	1.46M
Cash, Cash Equivalents and Short-Term Investments	86.42M	131.94M	27.84M	30.05M	102.42K	135.27K
Total Debt	414.48M	385.91M	141.74M	28.33M	1.05M	148.97K
Total Liabilities	479.34M	450.87M	167.76M	30.95M	1.07M	160.70K
Stockholders Equity	439.59M	424.15M	163.93M	27.25M	915.05K	2.08M
Cash Flow
Free Cash Flow	-111.14M	-209.62M	-64.71M	10.61M	1.12M	650.13K
Operating Cash Flow	-110.22M	-208.81M	-64.52M	10.69M	1.34M	650.13K
Investing Cash Flow	-17.77M	-4.96M	2.24M	-3.70M	-241.53K	-1.25M
Financing Cash Flow	195.00M	320.12M	57.82M	22.96M	-354.58K	697.81K

Abacus Global Management Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABX, the sentiment is Neutral. The current price of 8.32 is below the 20-day moving average (MA) of 8.41, above the 50-day MA of 7.59, and above the 200-day MA of 6.58, indicating a neutral trend. The MACD of 0.19 indicates Positive momentum. The RSI at 51.15 is Neutral, neither overbought nor oversold. The STOCH value of 24.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for ABX.

Abacus Global Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BHF	74 Outperform	$3.67B	4.37	16.27%	―	27.71%	―
CNO	71 Outperform	$3.88B	14.50	11.12%	1.54%	-1.61%	15.79%
ABX	68 Neutral	$804.51M	106.53	3.17%	―	91.78%	―
AAME	68 Neutral	$55.28M	12.02	4.75%	0.74%	11.99%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
GNW	63 Neutral	$3.25B	15.41	2.86%	―	1.41%	150.35%
CIA	59 Neutral	$277.64M	25.84	5.02%	―	-0.55%	-51.14%

Abacus Global Management Corporate Events

Abacus Global Highlights Record 2025 Results and Strategic Shift

In a shareholder letter released on January 8, 2026, Abacus Global Management reported that 2025 was a defining year, highlighted by record third-quarter results with year-over-year revenue growth of 124%, adjusted net income growth of 60%, adjusted EBITDA growth of 127% with 60% margins, and 10 consecutive quarters of beating earnings expectations. The company raised its full-year 2025 adjusted net income guidance to $80–$84 million, reflecting 72%–81% growth and a higher earnings and cash-flow baseline, while advancing a strategic shift from largely transactional income toward a recurring revenue model—currently about 15% of revenue, with a long-term target of 70%—supported by assets under management rising to $3.33 billion and strengthened by the acquisition of digital life insurance platform AccuQuote and the introduction of a dividend and share repurchase program. Abacus underscored key milestones including the completion of a $50 million investment-grade securitized note backed by life insurance assets, which broadens institutional distribution and establishes a repeatable, lower-cost funding mechanism while generating ongoing servicing fees, and the planned 2026 launch of an asset-based finance investing strategy aimed at deploying third-party capital into asset-backed lending and structured credit, leveraging the firm’s actuarial expertise and insurance infrastructure in a market it estimates at more than $20 trillion. Management emphasized a robust balance sheet, record cash generation, and confidence that growth can be funded without additional equity issuance—implying no expected shareholder dilution—while also addressing the company’s valuation discount relative to faster-growing alternative asset management peers and outlining intensified investor outreach efforts designed to increase transparency, highlight fee-related earnings, and close the gap in market perception.

The most recent analyst rating on (ABX) stock is a Hold with a $9.00 price target. To see the full list of analyst forecasts on Abacus Global Management stock, see the ABX Stock Forecast page.