Abacus Global Management, Inc. Class A (ABX)
NYSE:ABX
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Abacus Global Management
(NYSE:ABX)
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Rating:68Neutral
Price Target:
$9.50
▲(2.59% Upside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by improving fundamentals and a constructive earnings update (raised guidance, strong growth, and a sharp operating cash flow turnaround). Offsetting this are inconsistent historical earnings/cash flow, only neutral near-term technical momentum, and a valuation that is not especially cheap at ~22x earnings despite a modest dividend yield.
Positive Factors
Revenue growth & raised guidance
Sustained double‑digit top‑line growth and upgraded full‑year guidance reflect strengthening core demand for longevity products and asset management fees. This supports scalable fee income, underpins mid‑term profitability targets, and gives management room to invest in distribution and product buildout.
Negative Factors
Earnings & cash flow volatility
The firm's profitability and FCF have swung materially across years, reducing predictability of recurring returns. Persistent volatility raises forecasting risk for margins, leverage and dividend/share repurchase capacity, making long‑term planning dependent on successful execution of capital recycling.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth & raised guidance
Sustained double‑digit top‑line growth and upgraded full‑year guidance reflect strengthening core demand for longevity products and asset management fees. This supports scalable fee income, underpins mid‑term profitability targets, and gives management room to invest in distribution and product buildout.
Read all positive factors
Abacus Global Management (ABX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$873.85M
Dividend YieldN/A
Average Volume (3M)532.95K
Price to Earnings (P/E)22.5
Beta (1Y)0.62
Revenue Growth82.95%
EPS GrowthN/A
CountryUS
Employees157
SectorFinancial
Sector Strength70
IndustryInsurance - Life
Share Statistics
EPS (TTM)0.41
Shares Outstanding95,922,360
10 Day Avg. Volume491,600
30 Day Avg. Volume532,950
Financial Highlights & Ratios
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 Cap1.33
Enterprise Value/Revenue4.66
Enterprise Value/Gross Profit6.58
Enterprise Value/Ebitda10.28
Forecast
1Y Price Target
$13.42Price Target Upside44.89% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)1
Revenue Forecast (FY)$273.71M
Abacus Global Management Business Overview & Revenue Model
Company Description
Abacus Global Management, Inc., established in 2004 and based in Orlando, Florida, operates within the United States as both an alternative asset manager and a market maker. The firm, set to officially transition its name from Abacus Life, Inc. in...
How the Company Makes Money
null...
Abacus Global Management Earnings Call Summary
Earnings Call Date:May 07, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 17, 2026
Earnings Call Sentiment Positive
The call presents a broadly positive operational and financial picture: strong revenue growth (+34.6%), improved cash generation (operating cash flow swing of >$153M), rising adjusted EBITDA (+33.3%) and raised guidance. Fundraising momentum, attractive portfolio KPIs (26% realized gains vs 20% target), successful fund wind-up and strategic initiatives (Manning & Napier partnership, planned securitization) support growth and capital flexibility. Offsetting items are deliberate expense investments, modest margin compression, remaining reported leverage and timing/regulatory risk around securitization and the interval fund. On balance, highlights materially outweigh the lowlights, indicating constructive momentum as the company scales.Positive Updates
Raised Full-Year Guidance
Raised 2026 adjusted net income guidance from $96M-$104M to $100M-$106M (adjusted EPS $1.00-$1.05) and provided Q2 guide of $24M-$26M (adjusted EPS $0.24-$0.26).
Negative Updates
Rising Operating Expenses
Total operating expenses were approximately $34.8M in Q1 2026 vs $19.6M in prior year (excluding certain fair value impacts), driven by higher sales & marketing, G&A, acquisition and special project costs—intentional growth investments but a notable increase.
Read all updates
Q1-2026 Updates
Positive
Negative
Raised Full-Year Guidance
Raised 2026 adjusted net income guidance from $96M-$104M to $100M-$106M (adjusted EPS $1.00-$1.05) and provided Q2 guide of $24M-$26M (adjusted EPS $0.24-$0.26).
Read all positive updates
Company Guidance
Management raised full‑year 2026 adjusted net income guidance to $100–$106 million (≈$1.00–$1.05 adjusted EPS) and provided Q2 guidance of $24–$26 million (≈$0.24–$0.26 adjusted EPS) after reporting Q1 adjusted net income of $20.1 million; Q1 revenue grew 34.6% to $59.4 million (Life Solutions $50.6M, asset management fees $8.5M, Technology $0.4M), GAAP net income was $7.3M ($0.07/sh), adjusted EBITDA was $32.7M (+33.3%) with a 55% margin, adjusted ROE 19% and adjusted ROIC 17%. Balance sheet and portfolio metrics included cash of $37.2M, balance‑sheet policy assets $392.8M, long‑term debt ≈$330M (down from $405.8M, a ~$76.7M reduction tied to fund unwinding), annualized portfolio turnover 1.9x, average realized gain 26% (vs 20% target), assets seasoned >365 days with weighted average life expectancy 46 months and insured age 88, and $163.6M deployed off the balance sheet in Q1. Fundraising and capital flow highlights: $288M raised into longevity funds in Q1 (after $275M in Q4 and $630M in all of 2025), ~9,000 policies reviewed in Q1 (vs ~11,000 in all of 2025), nearly $1B attracted to new fund vintages since inception, a targeted securitization in late Q2/early Q3 (which would be incremental to a $500M H1 inflow expectation if done in Q2), a recourse debt/EBITDA around 2x (capacity to ~4x), and ~50% of a $20M share repurchase authorization deployed; management reiterated longer‑term targets of $30B AUM and $250M EBITDA by 2028.Abacus Global Management Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 250.49M | 235.24M | 111.92M | 66.40M | 44.71M | 22.59M |
| Gross Profit | 177.35M | 169.17M | 100.55M | 59.91M | 38.83M | 8.39M |
| EBITDA | 113.48M | 110.15M | 6.76M | 23.78M | 34.81M | 1.03M |
| Net Income | 39.15M | 36.53M | -23.96M | 9.52M | 31.68M | 997.41K |
Balance Sheet | ||||||
| Total Assets | 829.79M | 902.24M | 874.16M | 331.83M | 59.09M | 1.84M |
| Cash, Cash Equivalents and Short-Term Investments | 37.21M | 38.11M | 131.94M | 27.84M | 30.05M | 102.42K |
| Total Debt | 342.31M | 411.18M | 385.91M | 141.74M | 28.33M | 1.05M |
| Total Liabilities | 407.19M | 483.70M | 450.87M | 167.76M | 30.95M | 1.07M |
| Stockholders Equity | 422.60M | 418.54M | 424.15M | 163.93M | 27.25M | 915.05K |
Cash Flow | ||||||
| Free Cash Flow | 126.02M | -26.61M | -209.62M | -64.71M | 10.61M | 1.12M |
| Operating Cash Flow | 127.60M | -25.68M | -208.81M | -64.52M | 10.69M | 1.34M |
| Investing Cash Flow | -20.47M | -23.28M | -4.96M | 2.24M | -3.70M | -241.53K |
| Financing Cash Flow | -113.68M | -44.87M | 320.12M | 57.82M | 22.96M | -354.58K |
Abacus Global Management Technical Analysis
Positive
9.26
Price Trends
8.93
Positive
8.84
Positive
7.72
Positive
Market Momentum
-0.09
Positive
48.98
Neutral
44.63
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 9.26 is above the 20-day moving average (MA) of 9.02, above the 50-day MA of 8.93, and above the 200-day MA of 7.72, indicating a neutral trend. The MACD of -0.09 indicates Positive momentum. The RSI at 48.98 is Neutral, neither overbought nor oversold. The STOCH value of 44.63 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $873.85M | 22.52 | 9.20% | ― | 82.95% | ― | |
68 Neutral | $36.31M | 7.11 | 4.89% | 0.74% | 11.99% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $4.63B | 19.02 | 9.56% | 1.54% | 5.03% | -12.76% | |
66 Neutral | $3.42B | 16.05 | 2.46% | ― | -1.14% | 7.17% | |
63 Neutral | $271.98M | 14.59 | 7.96% | ― | 6.89% | 109.33% | |
51 Neutral | $3.62B | -56.04 | -1.07% | ― | -16.15% | -133.67% |
* Financial Sector Average
ABX
Abacus Global Management
9.11
3.16
53.11%
AAME
Atlantic American
1.78
-0.03
-1.66%
CIA
Citizens
5.38
1.58
41.58%
CNO
CNO Financial
49.63
12.75
34.58%
GNW
Genworth Financial
8.93
2.01
29.05%
BHF
Brighthouse Financial
63.09
6.11
10.72%
Abacus Global Management Corporate Events
Business Operations and StrategyProduct-Related Announcements
Abacus Unveils LifeARC AI Platform, Invests in Manning & Napier
Positive
Jun 10, 2026
On June 10, 2026, Abacus Global Management released a shareholder letter outlining the launch of LifeARC™, an AI-powered lifespan modeling platform built on two decades of proprietary data to generate individualized longevity profiles. By in...
Executive/Board ChangesShareholder Meetings
Abacus Global Shareholders Reelect Directors, Approve Incentive Plan
Positive
Jun 4, 2026
At its Annual Meeting of Shareholders held on June 3, 2026, Abacus Global Management, Inc. re-elected Jay Jackson and Thomas W. Corbett, Jr. as Class III directors for new three-year terms and ratified KPMG LLP as its independent registered public...
Business Operations and StrategyM&A Transactions
Abacus Global Forms Strategic Alliance with Manning & Napier
Positive
May 27, 2026
On May 27, 2026, Abacus Global Management completed a $52.9 million acquisition of an indirect minority position in wealth and asset manager Manning Napier and entered into a Strategic Alliance Agreement, joining Callodine Group and East Asset Ma...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresM&A Transactions
Abacus Global Management Lifts 2026 Outlook After Strong Q1
Positive
May 7, 2026
Abacus Global Management on May 7, 2026, reported first-quarter 2026 results showing total revenue up 35% year-over-year to $59.4 million and GAAP net income rising 59% to $7.3 million, supported by a sharp turnaround in operating cash flow to $91...
Business Operations and StrategyStock BuybackDelistings and Listing ChangesDividendsFinancial DisclosuresM&A Transactions
Abacus Global Management Posts Strong Q4 Results, Issues Outlook
Positive
Mar 12, 2026
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 Mana...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.