ABX
Abacus Global Management, Inc.
Next earnings Aug 5, 2026 · consensus $0.24 EPS, $67.0M rev
Last earnings -0.6% on 2026-05-07
$9.91
▲ +7.25%$9.91▲ +87.42%
over 1Y
L $4.50EODHDH $10.31
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+7.3%
1W+3.7%
1M+6.3%
3M+18.8%
YTD+25.1%
1Y+87.4%
Hold
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 10 analysts
Buy
Explosive 2025 turnaround in life-settlement specialist ABX, but negative operating cash flow and looming current debt cap the call at hold.
Revenue $235M · FY2025
The read
Middling fundamentals offset by an attractive price (~38% below fair value) — worth a look on the value angle.
Abacus Global Management is a vertically integrated life-settlement originator and alternative asset manager whose FY2025 results show a dramatic operational inflection: revenue more than doubled to $235M (+110.2% YoY), operating income swung to $88.8M (from a sliver the prior year), net income hit $36.5M after a $24.0M FY2024 loss, and diluted EPS reached $0.36. Gross margin (87.7%) and operating margin (37.7%) are characteristic of an asset-light financial-services model, and management's MD&A frames the business as a three-segment platform (Life Solutions, Asset Management, Technology Services) earning ~2% origination fees on face value plus portfolio-servicing and balance-sheet maturity gains. At $9.37, the stock trades at 26x trailing EPS and 3.8x sales — not cheap on earnings, but reasonable if the FY2025 run-rate is durable.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | $112M | $235M |
| Gross profit | — | $38.8M | $59.9M | $101M | $206M |
| Operating income | — | $33.7M | $24.1M | -$888K | $88.8M |
| Net income | $15.8M | $31.7M | $9.52M | -$24.0M | $36.5M |
| Diluted EPS | — | $0.63 | $0.16 | -$0.34 | $0.36 |
| Net margin | — | — | — | -21.4% | 15.5% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$1.32B
EV / EBITDA12.3
EV / Sales5.6
EV / FCF—
P / FCF—
PEG (trailing)0.11
Earnings yield3.8%
FCF yield-2.8%
Quality & risk
ROIC (est.)8.5%
Free cash flow-$26.6M
Total debt$406M
Net cash-$368M
Altman Z-Score1.61 distress
Piotroski F-Score5/9
Capital returns
Buyback yield4.6%
Dividend yield (est.)2.0%
Shareholder yield6.6%
Shares Δ YoY-0.3%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
- 8-K Reg FD disclosure2026-06-10
Reg FD disclosure with exhibit, likely investor presentation or update materials.
- 8-K Officer / director change2026-06-04
Annual meeting vote results plus board/officer change disclosed.
- 8-K Other event2026-05-27
Other events disclosure, no material financial impact stated.
- 10-Q Quarterly report2026-05-11
Q1 2026 results filed; follows strong FY2025 turnaround to profitability.
- 8-K Earnings results2026-05-07
Q1 2026 earnings release furnished via Item 2.02 with results exhibit.
- 8-K Officer / director change2026-04-21
2026 annual meeting proxy: director slate, say-on-pay, auditor ratification.
- DEF 14A Proxy statement2026-04-21
2026 annual meeting proxy: director slate, say-on-pay, auditor ratification.
- 8-K Auditor change2026-03-18
Auditor change (Item 4.01) plus officer change — governance red flag.
- 10-K Annual report2026-03-13
FY2025: revenue +110% to $235M, net income $36.5M vs -$24M; OCF still negative.
Recent filings
all on EDGAR ↗S-8Filing2026-06-15open ↗8-KPeriod ending 2026-06-102026-06-10open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-032026-06-05open ↗4Period ending 2026-06-032026-06-05open ↗8-KPeriod ending 2026-06-032026-06-04open ↗8-KPeriod ending 2026-05-272026-05-27open ↗4Period ending 2026-05-082026-05-14open ↗4Period ending 2026-05-082026-05-14open ↗4Period ending 2026-05-082026-05-14open ↗4Period ending 2026-05-082026-05-14open ↗
Frequently asked
- Is Abacus Global Management, Inc. (ABX) a buy?
- ABX currently carries a Hold rating with 2/5 conviction, derived from its latest SEC filings. Explosive 2025 turnaround in life-settlement specialist ABX, but negative operating cash flow and looming current debt cap the call at hold.
- What is ABX's fair value?
- A Modified-Graham model based on ABX's SEC fundamentals estimates a fair value of about $13.68. It is an estimate from reported earnings, not a price target.
- Is ABX overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, ABX currently appears undervalued relative to its SEC-grounded earnings power.
- What is Abacus Global Management, Inc.'s quality score?
- ABX scores 77.01960784313725/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001814287, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/25/2026, 2:39:34 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.