Abacus Global Management (ABX) AI Stock Analysis

• Market Cap: $957.70M
• Dividend Yield: N/A
• Average Volume (3M): 625.73K
• Price to Earnings (P/E): 22.5
• Beta (1Y): 0.44
• Revenue Growth: 91.78%
• EPS Growth: N/A
• Country: US
• Employees: 157
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Life
• EPS (TTM): 0.23
• Shares Outstanding: 96,542,150
• 10 Day Avg. Volume: 727,688
• 30 Day Avg. Volume: 625,725
• PEG Ratio: -0.11
• Price to Book (P/B): 1.96
• Price to Sales (P/S): 3.49
• P/FCF Ratio: -30.89
• Enterprise Value/Market Cap: 1.46
• Enterprise Value/Revenue: 5.94
• Enterprise Value/Gross Profit: 8.26
• Enterprise Value/Ebitda: 12.69
• 1Y Price Target: $13.38
• Price Target Upside: 34.88% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 1
• Revenue Forecast (FY): $248.56M

• Rating: 63 Neutral
• Price Target: $10.50 ▲(5.85% Upside)
• Action: Reiterated Date: 03/14/26
• Date: Action: Reiterated 03/14/26

The score is driven by strong technical momentum and a bullish earnings-call outlook with raised/initiated guidance and operational KPI strength. This is meaningfully offset by weaker financial-quality signals—especially inconsistent cash flows, high leverage, and the 2025 balance-sheet data anomaly—while valuation signals are constrained by an unusable P/E input.

Positive Factors

Revenue Scale-up

Rapid, sustained revenue growth and a return to GAAP profitability in 2025 indicate a scalable origination and asset-management engine. Doubling revenue to $235M demonstrates product-market fit, supports operating leverage, funds reinvestment, and underpins long-term margin expansion.

Growing Fee-Paying AUM

Expanding fee-paying AUM and a clear target to exceed $5B shifts mix toward recurring management fees. Higher AUM supports predictable, higher-margin revenue, steady fee income, and scales distribution and securitization economics—strengthening long-term earnings durability.

Proprietary Data/Tech (mVerify)

Rapid adoption of proprietary mVerify data creates a structural moat: better mortality signals, faster event detection and improved origination pricing. That data edge supports higher conversion, recurring SaaS-like revenue streams, differentiated product offerings, and durable competitive advantage.

Negative Factors

High Leverage

Elevated debt versus limited cash increases refinancing and interest-rate sensitivity, constraining strategic flexibility. High leverage raises covenant and liquidity risk, could limit capital deployment or securitization pacing, and makes the business more vulnerable to macro shocks over the medium term.

Weak Cash Conversion

Earnings have not reliably translated into operating cash: erratic OCF and slightly negative FCF undermine funding self-sufficiency. This raises reliance on external financing for origination and buybacks, increases execution risk on growth targets, and stresses balance-sheet resilience.

Balance-Sheet Data Anomaly

A negative total assets data point in 2025 materially reduces confidence in reported financials. That inconsistency impairs creditor and investor trust, complicates covenant assessment, and could delay or raise costs for securitizations, capital raises, or counterparty approvals.

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.

Abacus Global Management Financial Statement Overview

Summary

Strong revenue scale-up and a return to GAAP profitability in 2025, but quality is weighed down by weak/volatile cash generation, elevated leverage, and a major 2025 balance-sheet data anomaly (negative total assets) that reduces confidence in reported financial position.

Income Statement

Revenue has scaled rapidly over the last several years, accelerating from $1.2M (2020) to $235.2M (2025 annual), including strong growth in 2025. Profitability, however, has been volatile: 2024 posted a meaningful loss, followed by a return to positive earnings in 2025 ($36.5M net income) with solid operating profit ($87.1M EBIT). Gross profitability has been strong in prior years, but margin data for 2025 appears unavailable/zeroed, limiting visibility into the latest margin quality.

Balance Sheet

Leverage is elevated for the business profile: total debt rose sharply to $411.2M (2025) against $418.5M of equity, implying a fairly debt-heavy capital structure. While equity remains sizable, the balance sheet shows a major data inconsistency in 2025 with total assets reported as negative, which materially reduces confidence in the latest-year balance sheet assessment. Prior-year asset levels were substantial ($874.2M in 2024), but the jump in debt and the asset-data anomaly increase risk flags.

Cash Flow

Cash generation has been weak and inconsistent. Operating cash flow was deeply negative in 2023 and 2024, and 2025 shows operating cash flow at $0 with free cash flow slightly negative (-$0.9M). Free cash flow trends are also poor, with a steep decline indicated in 2025 versus 2024. Overall, earnings have not reliably translated into cash, which raises sustainability and funding-risk concerns—particularly alongside higher leverage.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	235.24M	111.92M	66.40M	44.71M	22.59M
Gross Profit	169.17M	100.55M	59.91M	38.83M	8.39M
EBITDA	110.15M	6.76M	23.78M	34.81M	1.03M
Net Income	36.53M	-23.96M	9.52M	31.68M	997.41K
Balance Sheet
Total Assets	915.92M	874.16M	331.83M	59.09M	1.84M
Cash, Cash Equivalents and Short-Term Investments	-384.62K	131.94M	27.84M	30.05M	102.42K
Total Debt	411.18M	385.91M	141.74M	28.33M	1.05M
Total Liabilities	478.70M	450.87M	167.76M	30.95M	1.07M
Stockholders Equity	418.54M	424.15M	163.93M	27.25M	915.05K
Cash Flow
Free Cash Flow	-26.61M	-209.62M	-64.71M	10.61M	1.12M
Operating Cash Flow	-25.68M	-208.81M	-64.52M	10.69M	1.34M
Investing Cash Flow	-23.28M	-4.96M	2.24M	-3.70M	-241.53K
Financing Cash Flow	-44.87M	320.12M	57.82M	22.96M	-354.58K

Abacus Global Management Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.92
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ABX, the sentiment is Positive. The current price of 9.92 is above the 20-day moving average (MA) of 9.46, above the 50-day MA of 8.67, and above the 200-day MA of 6.73, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 64.62 is Neutral, neither overbought nor oversold. The STOCH value of 53.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ABX.

Abacus Global Management Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AAME	68 Neutral	$55.07M	25.36	4.89%	0.74%	11.99%	―
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ABX	63 Neutral	$957.70M	22.51	8.49%	―	91.78%	―
CNO	62 Neutral	$3.85B	11.12	8.60%	1.54%	-1.61%	15.79%
GNW	58 Neutral	$3.13B	447.44	2.54%	―	1.41%	150.35%
BHF	54 Neutral	$3.41B	8.55	7.20%	―	27.71%	―
CIA	52 Neutral	$241.94M	8.25	4.93%	―	-0.55%	-51.14%

Abacus Global Management Corporate Events

Abacus Global Management Posts Strong Q4 Results, Issues Outlook

On March 12, 2026, Abacus Global Management reported that fourth quarter 2025 revenue rose 116% year over year to $71.9 million and full year 2025 revenue more than doubled to $235.2 million, driven largely by surging Life Solutions and Asset Management income. The company swung from a prior-year GAAP net loss to 2025 net income of $36.5 million, lifted adjusted net income 84% to $85.7 million and expanded adjusted EBITDA 115% to $132.6 million, while deploying $580.8 million of origination capital and growing policy originations 26%.

Management highlighted 11 consecutive quarters of earnings outperformance, ROE and ROIC above 20% and a fourth quarter adjusted EBITDA margin of 54%, underscoring the scalability of its alternative asset platform. Abacus also initiated a full-year 2026 adjusted net income outlook of $96 million to $104 million, approved its first annual dividend and a $20 million share repurchase program, moved its listing to the NYSE, completed the AccuQuote acquisition and announced a $52.9 million minority investment in Manning & Napier, collectively strengthening shareholder returns, broadening wealth and protection capabilities and reinforcing its long-term ambition to become a mid-cap manager with roughly $450 million in adjusted EBITDA at scale.

The most recent analyst rating on (ABX) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Abacus Global Management stock, see the ABX Stock Forecast page.

Abacus Global Management Announces New Share Repurchase Program

On January 30, 2026, Abacus Global Management announced that its board of directors had approved a $20 million share repurchase program, effective immediately and running through May 6, 2027, as part of its capital allocation strategy. The buyback, to be funded with cash on hand and free cash flow and executed via open-market and privately negotiated transactions, signals the board’s confidence in Abacus’s long-term business model, recurring earnings, and capital strength, while aiming to balance continued investment in growth, technology, and acquisitions with returning capital to shareholders.

The most recent analyst rating on (ABX) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on Abacus Global Management stock, see the ABX Stock Forecast page.

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.