{"success":true,"data":{"pressRelease":{"id":"26779","rtpr_id":"nGNX9kjHWM","ticker":"ABX","exchange":"NYSE","all_tickers":["ABX"],"title":"Abacus Global Management, Inc. Reports First Quarter 2026 Results","author":"Globe Newswire","published_at":"2026-05-07T20:15:02.190Z","article_body":"~ Raises Full-Year 2026 Adjusted Net Income(1) Guidance to $100–$106\nMillion, Up to 24% Increase Year-Over-Year; Issues Q2 Adjusted Net Income\nGuidance of $24–$26 Million ~\n\n~ Issues Full-Year 2026 Adjusted EPS(1) Guidance of $1.00–$1.05; Q2 Adjusted\nEPS Guidance of $0.24–$0.26 ~\n\n~ Generates $91.7 Million in Operating Cash Flow, an Increase of More Than\n$153 Million Year-Over-Year ~\n\n~ Longevity Income Funds AUM Grows Nearly 4x Year-Over-Year to Approximately\n$1 Billion ~\n\n~ Adjusted Net Income(1) Increases 17% Year-Over-Year to $20.1 Million;\nAdjusted EBITDA(1) Grows 33.3% to $32.7 Million ~\n\nORLANDO, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc.\n(“Abacus” or the “Company”) (NYSE: ABX), a financial services company\nspecializing in alternative asset management, data-driven wealth solutions,\ntechnology innovations, and institutional services with a focus on\nlongevity-based assets and personalized financial planning, today reported\nresults for the first quarter ended March 31, 2026.\n\nJay Jackson, Chief Executive Officer of Abacus commented, “This quarter, the\nresults reflect both the execution of our platform and the moment this asset\nclass is having. Gross AUM reached approximately $3.6 billion on $378 million\nof gross capital inflows, longevity income fund AUM has grown nearly 4x\nyear-over-year approaching $1 billion, and we deployed $163.6 million in\norigination capital. At the same time, we returned 100% of investor capital in\nour LMA Income II Fund at term, on time, as promised, with two-thirds of those\ninvestors choosing to recommit or extend their investment. That is not a\ncapital return event. That is a validation. Our assets are mortality-driven,\nstructurally uncorrelated to credit and equity cycles, and in this macro\nenvironment, that distinction is driving institutional demand. We increased\nour 2026 guidance, and our strategic initiatives including our investment in\nManning & Napier and a second securitization are advancing on schedule.\nQuarter after quarter, we do what we say we will do.”\n\nFirst Quarter 2026 Highlights\n\n Metric 1Q26 1Q25 Note \n Total Revenue $59.4M $44.1M +35% YoY driven by strong Life Solutions growth \n Origination capital deployment $163.6M $125.9M +30% YoY; 659 policies held (vs. 753 in 1Q25) \n GAAP net income $7.3M $4.6M +59% \n Operating Cash Flow $91.7M ($61.6M) +$153M increase YoY; demonstrates cash generation capacity of platform \n\n\n\nFirst Quarter 2026 Non-GAAP Highlights \n\n Metric 1Q26 1Q25 Note \n Adjusted net income (1) $20.1M $17.3M +17% YoY \n Adjusted EPS (basic) (1) $0.21 $0.18 +17% YoY \n Adjusted EBITDA (1) $32.7M $24.5M +33% YoY \n Adjusted EBITDA margin (1) 55.0% 55.6% Maintains high margin level while growing the business \n\n\n\nFirst Quarter 2026 Efficiency Movers \n\n Metric 1Q26 1Q25 Note \n Annualized ROIC (1) 17% 17% Maintained YoY \n Annualized ROE (1) 19% 16% +19% YoY \n Annualized turnover ratio 1.9x 0.8x Within long-term target of 1.5x to 2.0x \n Average Realized Gain 26% 21% Exceeds long-term target of 20%, reflecting strong origination discipline \n\n\n\nFirst Quarter 2026 Capital Return Update \n\n Metric 1Q26 Note \n Share repurchase program $20M Board approved additional repurchases of up to $20 million in January 2026, reflecting confidence in long-term business model, recurring earnings, and capital strength \n\n\n\nOther First Quarter 2026 Highlights \n* On March 12, 2026, Abacus entered into a definitive agreement to acquire an\napproximately $53 million minority equity stake in Manning & Napier, Inc., a\ndiversified wealth and asset management firm with approximately $18 billion in\ntotal AUM. In connection with the investment, the parties will enter into a\nStrategic Alliance Agreement designed to drive product distribution, lead\ngeneration and referrals, and joint product development across the two\nplatforms. The transaction is expected to close in Q2 2026, subject to\ncustomary closing conditions including regulatory approvals.\n\n* During Q1 2026, Abacus returned 100% of investor capital in its LMA Income\nII Fund at term, on time, and as promised, with approximately two-thirds of\ninvestors electing to re-commit or extend their investment. The successful\ncapital return underscores the reliability of the Company’s fund structures\nand the growing institutional confidence in longevity-based investment\nproducts.\n\n* Following the quarter’s end, on April 17, 2026, Abacus announced several\nkey leadership appointments: Alexei Solomon, CPA, Abacus’ Treasurer was\nelevated to also serve as our Chief Accounting Officer. Elena Plesco was named\nAbacus’ Chief Investment Officer. Samantha Butcher, President of Abacus Life\nSolutions, was elevated to an Executive Officer of Abacus. Bill McCauley,\nAbacus’ Chief Financial Officer was also appointed as Chief Operating\nOfficer. Additionally, with the appointment of Mr. Solomon to the role of\nChief Accounting Officer, Mr. McCauley stepped down from that role.\nLiquidity and Capital\n\nAs of March 31, 2026, the Company had cash and cash equivalents of $37.2\nmillion, balance sheet policy assets held at fair value of $392.8 million, and\ntotal outstanding debt, net of deferred issuance costs and discounts, of\n$330.0 million. The Company generated $91.7 million in operating cash flow\nduring Q1 2026, compared to negative $61.6 million in the prior-year period,\nreflecting the increasing cash generation capacity of the platform as\nlongevity fund AUM scales.\n\nOutlook\n\n Metric FY26 2Q26 Note \n Adjusted net income (1) $100M to $106M $24M to $26M FY Implies 17% to 24% YoY; Midpoint of ~20% \n Adjusted EPS (basic) (1) $1.00 to $1.05 $0.24 to $0.26 First time EPS guidance; based on basic share count \n\n\n\nWebcast and Conference Call\n\nA webcast and conference call to discuss the Company’s results will be held\ntoday, May 7, 2026, beginning at 5:00 p.m. (Eastern Time). A live webcast of\nthe conference call will be available on Abacus’ investor relations website\nat ir.abacusgm.com\n(https://www.globenewswire.com/Tracker?data=RTo3IC6VYBF4C-n67nDVzq4iZ8iWrf3_mdF8RY50904RyV0EAOhoFfYg8fSM3fKMpnFsCxs3JL1IMA-y4YwgFiy43dpkDCujpFl2tj80dmU=).\nThe dial-in number for the conference call is (833) 316-2483 (toll-free) or\n(785) 838-9284 (international) and participants must enter Conference ID\n“ABACUS” when joining. Please dial the number 10 minutes prior to the\nscheduled start time.\n\nA webcast replay of the call will be available at ir.abacusgm.com\n(https://www.globenewswire.com/Tracker?data=RTo3IC6VYBF4C-n67nDVzv2NatOyf6JZUttYFhHgG6IOf25L92wYvJ9rUChUHnrX3e0dcg56uBJ14DaGyYqq2_V1AJmZt-9N4tn7KfVHcIQ=)\nfor one year following the call.\n\nNon-GAAP Financial Information\n\nAdjusted Net Income, a non-GAAP financial measure, is defined as net income\n(loss) attributable to Abacus adjusted for non-controlling interest income,\namortization, change in fair value of warrants and non-cash stock-based\ncompensation and the related tax effect of those adjustments. Management\nbelieves that Adjusted Net Income is an appropriate measure of operating\nperformance because it eliminates the impact of expenses that do not relate to\nbusiness performance. A reconciliation of Adjusted Net Income to Net income\nattributable to Abacus, the most directly comparable GAAP measure, appears\nbelow.\n\nThe Company is unable to provide a comparable FY 2026 outlook for, or a\nreconciliation to net income because it cannot provide a meaningful or\naccurate calculation or estimation of certain reconciling items without\nunreasonable effort. Its inability to do so is due to the inherent difficulty\nin forecasting the timing of items that have not yet occurred and quantifying\ncertain amounts that are necessary for such reconciliation, including\nvariations in effective tax rate, expenses to be incurred for acquisition\nactivities, and other one-time or exceptional items.\n\nAdjusted EBITDA, a non-GAAP financial measure, is defined as net income (loss)\nattributable to Abacus adjusted for depreciation expense, amortization,\ninterest expense, income tax and other non-cash and certain non-recurring\nitems that in our judgement significantly impact the period-over-period\nassessment of performance and operating results that do not directly relate to\nbusiness performance within Abacus’ control. A reconciliation of Adjusted\nEBITDA to Net income attributable to Abacus, the most directly comparable GAAP\nmeasure, appears below.\n\nAdjusted EBITDA margin, a non-GAAP financial measure, is defined as Adjusted\nEBITDA divided by Total revenues. A reconciliation of Adjusted EBITDA margin\nto Net income margin, the most directly comparable GAAP measure, appears\nbelow.\n\nAnnualized return on invested capital (“ROIC”), a non-GAAP financial\nmeasure, is defined as Adjusted Net Income for the quarter divided by the\nresult of Total Assets less Intangible assets, net, Goodwill and Current\nLiabilities, multiplied by four. ROIC is not a measure of financial\nperformance under GAAP. We believe ROIC should be considered in addition to,\nnot as a substitute for, operating income or loss, net income or loss, cash\nflows provided by or used in operating, investing and financing activities or\nother income statement or cash flow statement line items reported in\naccordance with GAAP.\n\nAnnualized return on equity (“ROE”), a non-GAAP financial measure, is\ndefined as Adjusted Net Income divided by total shareholder equity, multiplied\nby four. ROE is not a measure of financial performance under GAAP. We believe\n\nROE should be considered in addition to, not as a substitute for, operating\nincome or loss, net income or loss, cash flows provided by or used in\noperating, investing and financing activities or other income statement or\ncash flow statement line items reported in accordance with GAAP. The below\ntable presents our calculation of ROE.\n\nForward-Looking Statements\n\nAll statements in this press release (and oral statements made regarding the\nsubjects of this press release) other than historical facts are\nforward-looking statements within the meaning of Section 21E of the Securities\nExchange Act of 1934, as amended. These forward-looking statements rely on a\nnumber of assumptions concerning future events and are subject to a number of\nuncertainties and factors that could cause actual results to differ materially\nfrom such statements, many of which are outside the control of Abacus.\nForward-looking information includes but is not limited to statements\nregarding: Abacus’s financial and operational outlook; Abacus’s\noperational and financial strategies, including planned growth initiatives and\nthe benefits thereof; Abacus’s ability to successfully effect those\nstrategies, and the expected results therefrom; projections of future earnings\nand expected capital; Abacus’ ability to generate future cash flows;\nsecuritization schedules and timing; future demand for Abacus’ products and\nservices; and the reliability of the Company’s fund structures and\ncorresponding market confidence and expectations. These forward-looking\nstatements generally are identified by the words “believe,” “project,”\n“estimate,” “expect,” ‎‎”intend,” “anticipate,”\n“goals,” “prospects,” “will,” “would,” “will continue,”\n“will likely result,” and similar expressions (including the negative\nversions of such words or expressions).\n\nWhile Abacus believes that the assumptions concerning future events are\nreasonable, it cautions that there are inherent difficulties in predicting\ncertain important factors that could impact the future performance or results\nof its business. The factors that could cause results to differ materially\nfrom those indicated by such forward-looking statements include, but are not\nlimited to:  the potential impact of our business relationships, including\nwith our employees, customers and competitors; changes in general economic and\nbusiness and conditions, including changes in the financial markets; political\ninstability both in the U.S. and abroad, to include political violence,\nterrorism, and war; weakness or adverse changes in the level of activity in\nour sector or the sectors of our affiliated companies, which may be caused by,\namong other things, high or increasing interest rates, or a weak U.S. economy;\nsignificant competition that our operating subsidiaries face; compliance with\nextensive government regulation; the failure to meet Abacus’s investment\n‎objectives; the inability to raise capital on favorable terms or at all;\nand the effectiveness of Abacus’s control environment, including the\nidentification of control deficiencies.\n\nThese forward-looking statements are also affected by the risk factors,\nforward-looking statements and challenges and uncertainties set forth in\ndocuments filed by Abacus with ‎the U.S. Securities and Exchange Commission\nfrom time to time, including the Annual ‎Report on Form 10-K and Quarterly\nReports on Form 10-Q and subsequent ‎periodic reports. These filings\nidentify and address other important risks and uncertainties that could cause\nactual events and results to differ materially from those contained in the\nforward-looking statements. Abacus cautions you not to place undue reliance on\nthe ‎forward-looking statements contained in this press release.\nForward-looking statements speak only as of the date they are made. Abacus\nassumes no obligation and, except as required by law, does not intend to\nupdate or revise these forward-looking statements, whether as a result of new\ninformation, future events, or otherwise. Abacus does not give any assurance\nthat it will achieve its expectations.\n\nRisk disclosure: All securities investing and trading activities risk the loss\nof capital. Investors should carefully review the offering documents and\nconsult with their own legal, tax, and financial advisors regarding the\nsuitability of investments.\n\nAbout Abacus\n\nAbacus Global Management (NYSE: ABX) is a financial services company\nspecializing in alternative asset management, data-driven wealth solutions,\ntechnology innovations, and institutional services. With a focus on\nlongevity-based assets and personalized financial planning, Abacus leverages\nproprietary data analytics and decades of industry expertise to deliver\ninnovative solutions that optimize financial outcomes for individuals and\ninstitutions worldwide.\n\nFor more information, please visit www.abacusgm.com\n\nContacts:\n\nInvestor Relations\n\nRobert F. Phillips – SVP Investor Relations and Corporate Affairs\nrob@abacusgm.com \n(321) 290-1198\n\nDavid Jackson – Managing Director of Investor Relations \ndavid@abacusgm.com \n(321) 299-0716\n\nAbacus Global Management Public Relations\npress@abacusgm.com\n\nABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEET\n\n March 31, December 31, \n 2026 (unaudited) 2 \n 0 \n 2 \n 5 \n ASSETS \n CURRENT ASSETS: \n Cash and cash equivalents $ 37,209,747 $ 38,112,332 \n Accounts receivable 12,260,137 18,082,473 \n Accounts receivable, related party 13,297,909 9,320,103 \n Income taxes receivable 96,223 411,055 \n Prepaid expenses and other current assets 5,453,056 3,646,850 \n Total current assets 68,317,072 69,572,813 \n Property and equipment, net 1,621,754 1,597,896 \n Intangible assets, net 63,284,242 66,360,444 \n Goodwill 252,779,884 252,779,884 \n Operating right-of-use assets 10,339,573 4,561,692 \n Management and performance fee receivable, related party 14,509,188 14,800,140 \n Life settlement policies, at fair value 392,770,863 468,857,929 \n Life settlement policies, at cost 931,353 918,305 \n Available-for-sale securities, at fair value; net of allowance for credit losses of $1,245,575 at March 31, 2026 and December 31, 2025 3,147,609 3,108,750 \n Other investments 20,653,585 18,253,585 \n Other assets 1,439,461 1,428,820 \n TOTAL ASSETS $ 829,794,584 $ 902,240,258 \n \n LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY \n CURRENT LIABILITIES: \n Current portion of long-term debt, at fair value $ - $ 114,424,000 \n Current portion of long-term debt 1,500,000 1,500,000 \n Accrued expenses 7,146,873 10,935,292 \n Current operating lease liabilities 1,327,873 720,186 \n Contract liabilities, deposits on pending settlements 766,528 169,184 \n Accrued transaction costs 2,200,698 2,336,177 \n Other current liabilities 14,092,882 15,853,016 \n Income taxes payable 8,767,351 2,653,366 \n Total current liabilities 35,802,205 148,591,221 \n Long-term debt, net 275,802,521 275,780,392 \n Long-term debt, at fair value 38,156,705 - \n Long-term debt, related party 14,541,873 14,114,199 \n Retrocession fees payable 5,361,714 5,361,714 \n Noncurrent operating lease liabilities 9,985,924 4,637,642 \n Deferred tax liability 27,540,858 30,214,160 \n Warrant liability - - \n TOTAL LIABILITIES 407,191,800 478,699,328 \n COMMITMENTS AND CONTINGENCIES (Note 12) \n MEZZANINE EQUITY \n Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 and — shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 5,000,000 5,000,000 \n TOTAL MEZZANINE EQUITY 5,000,000 5,000,000 \n STOCKHOLDERS’ EQUITY \n Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding - - \n Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 105,039,246 and 104,879,752 shares issued at March 31, 2026 and December 31, 2025, respectively 10,504 10,488 \n Treasury stock – at cost; 9,055,830 and 7,406,118 shares repurchased at March 31, 2026 and December 31, 2025, respectively (70,262,583 ) (55,808,595 ) \n Additional paid-in capital 522,314,870 515,971,485 \n Accumulated deficit (34,460,007 ) (41,632,448 ) \n Noncontrolling interest - - \n TOTAL STOCKHOLDERS’ EQUITY 417,602,784 418,540,930 \n TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY $ 829,794,584 $ 902,240,258 \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS\nAND COMPREHENSIVE INCOME\n\n Three Months Ended \n March \n 31, \n 2026 2025 \n REVENUES: \n Asset management $ 1,042,443 $ 748,389 \n Asset management, related party 7,416,701 7,024,688 \n Life solutions 34,016,667 35,397,311 \n Life solutions, related party 16,550,621 901,346 \n Technology services 363,856 67,612 \n TOTAL REVENUES 59,390,288 44,139,346 \n COST OF REVENUES (excluding depreciation and amortization stated below): \n Cost of revenue (including stock-based compensation) 6,307,385 7,108,407 \n GROSS PROFIT 53,082,903 37,030,939 \n OPERATING EXPENSES: \n Sales and marketing 4,947,910 2,616,000 \n General and administrative (including stock-based compensation) 25,872,125 12,263,786 \n (Gain) loss on change in fair value of debt - (3,362,103 ) \n Unrealized loss (gain) on equity securities, at fair value - (272,254 ) \n Depreciation and amortization expense 3,934,086 4,758,546 \n TOTAL OPERATING EXPENSES 34,754,121 16,003,975 \n OPERATING INCOME 18,328,782 21,026,964 \n OTHER INCOME (EXPENSE): \n Gain (loss) on change in fair value of warrant liability - (4,806,000 ) \n Interest expense (10,453,592 ) (9,618,330 ) \n Interest income 663,223 1,175,001 \n Other (expense) income 2,518,593 (44,524 ) \n TOTAL OTHER INCOME (EXPENSE) (7,271,776 ) (13,293,853 ) \n NET INCOME BEFORE PROVISION FOR INCOME TAXES 11,057,006 7,733,111 \n Income tax expense 3,790,814 2,334,085 \n NET INCOME 7,266,192 5,399,026 \n LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST - 759,443 \n NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583 \n \n EARNINGS (LOSS) PER SHARE: \n Earnings per share - basic $ 0.07 $ 0.05 \n Earnings per share - diluted $ 0.07 $ 0.05 \n Weighted-average stock outstanding—basic 96,775,889 96,193,199 \n Weighted-average stock outstanding—diluted 99,545,644 97,498,923 \n \n NET INCOME $ 7,266,192 $ 5,399,026 \n COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 7,266,192 5,399,026 \n Net and comprehensive income attributable to non-controlling interests - 759,443 \n COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583 \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME  \n\n Three Months Ended March 31, Three Months Ended March 31, \n 2026 2025 \n Gross Estimated Tax [2] Net Gross Estimated Tax [2] Net \n Net income (loss) attributable to Abacus Global Management $ 7,266,192 $ - $ 7,266,192 $ 4,639,583 $ - $ 4,639,583 \n Net income (loss) attributable to noncontrolling interests - - - 759,443 - 759,443 \n Amortization expense 3,824,053 (969,206 ) 2,854,847 4,691,720 (1,189,117 ) 3,502,603 \n Stock based compensation 6,343,401 (1,607,735 ) 4,735,666 2,355,395 (596,975 ) 1,758,420 \n Business acquisition and project legal costs 3,949,340 (1,000,960 ) 2,948,380 - - - \n Unrealized gain on investments (5,400,000 ) 1,368,630 (4,031,370 ) - - \n Impairments on investments 3,050,000 (773,023 ) 2,276,977 - - - \n Loss on change in fair value of warrant liability - - - 4,806,000 (1,218,081 ) 3,587,919 \n Other 103,561 - 103,561 - - - \n Tax impact ([1]) 971,199 - 971,199 - - - \n Adjusted Net Income $ 20,107,746 $ (2,982,294 ) $ 17,125,453 $ 17,252,141 $ (3,004,172 ) $ 14,247,969 \n Weighted-Average Stock Outstanding - Basic 96,775,889 96,775,889 96,775,889 96,193,199 96,193,199 96,193,199 \n Weighted-Average Stock Outstanding - Diluted 99,545,644 99,545,644 99,545,644 97,498,923 97,498,923 97,498,923 \n Adjusted EPS - Basic $ 0.21 $ (0.03 ) $ 0.18 $ 0.18 $ (0.03 ) $ 0.15 \n Adjusted - Diluted $ 0.20 $ (0.03 ) $ 0.17 $ 0.18 $ (0.03 ) $ 0.15 \n [1] Tax impact represents the permanent difference in tax expense related to the restricted stock awards granted to certain executives due to IRC 162(m) limitations. \n [2] The estimated tax is based on the net federal and state statutory rate. \n Note: Totals may not add up due to rounding. \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA\n\n Three Months Ended March 31, \n 2026 2025 \n Net Income $ 7,266,192 $ 5,399,026 \n Depreciation and amortization expense 3,934,086 4,758,546 \n Income tax expense 3,790,814 2,334,085 \n Interest expense 10,453,592 9,618,330 \n Other (income) expense, net (168,593 ) 44,524 \n Interest income (663,223 ) (1,175,001 ) \n Loss on change in fair value of warrant liability - 4,806,000 \n Stock based compensation 6,343,401 2,355,395 \n Unrealized gain on investments (5,400,000 ) - \n Impairments on investments 3,050,000 - \n Business acquisition and project legal costs 3,949,340 - \n Other 103,561 - \n Unrealized gain on equity securities, at fair value - (272,254 ) \n Change in fair value of debt - (3,362,103 ) \n Adjusted EBITDA $ 32,659,170 $ 24,506,548 \n Total Revenue $ 59,390,288 $ 44,139,346 \n Adjusted EBITDA Margin % 55 % 56 % \n Net Income Margin % 12 % 12 % \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. \nRETURN ON INVESTED CAPITAL\n\n Three Months Ended Three Months Ended \n March 31, 2026 March 31, 2025 \n Total Assets $ 829,794,584 $ 856,509,285 \n Less: \n Intangible assets, net (63,284,242 ) (75,110,105 ) \n Goodwill (252,779,884 ) (238,296,200 ) \n Current Liabilities (35,802,205 ) (130,800,422 ) \n Total Invested Capital $ 477,928,253 $ 412,302,558 \n \n \n Adjusted Net income $ 20,107,746 $ 17,252,141 \n Adjusted Annualized ROIC 17 % 17 % \n \n ABACUS GLOBAL MANAGEMENT \n RETURN ON EQUITY \n \n Three Months Ended Three Months Ended \n March 31, 2026 March 31, 2025 \n Total Shareholder Equity $ 417,602,784 $ 430,579,026 \n \n Adjusted Net income $ 20,107,746 $ 17,252,141 \n Adjusted Annualized ROE 19 % 16 % \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/297a6293-2545-4b4e-b8e9-7e2d605a7e37)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX9kjHWM","title":"Abacus Global Management, Inc. Reports First Quarter 2026 Results","author":"Globe Newswire","ticker":"ABX","created":"2026-05-07T20:15:02.190Z","tickers":["ABX"],"exchange":"NYSE","article_body":"~ Raises Full-Year 2026 Adjusted Net Income(1) Guidance to $100–$106\nMillion, Up to 24% Increase Year-Over-Year; Issues Q2 Adjusted Net Income\nGuidance of $24–$26 Million ~\n\n~ Issues Full-Year 2026 Adjusted EPS(1) Guidance of $1.00–$1.05; Q2 Adjusted\nEPS Guidance of $0.24–$0.26 ~\n\n~ Generates $91.7 Million in Operating Cash Flow, an Increase of More Than\n$153 Million Year-Over-Year ~\n\n~ Longevity Income Funds AUM Grows Nearly 4x Year-Over-Year to Approximately\n$1 Billion ~\n\n~ Adjusted Net Income(1) Increases 17% Year-Over-Year to $20.1 Million;\nAdjusted EBITDA(1) Grows 33.3% to $32.7 Million ~\n\nORLANDO, Fla., May 07, 2026 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc.\n(“Abacus” or the “Company”) (NYSE: ABX), a financial services company\nspecializing in alternative asset management, data-driven wealth solutions,\ntechnology innovations, and institutional services with a focus on\nlongevity-based assets and personalized financial planning, today reported\nresults for the first quarter ended March 31, 2026.\n\nJay Jackson, Chief Executive Officer of Abacus commented, “This quarter, the\nresults reflect both the execution of our platform and the moment this asset\nclass is having. Gross AUM reached approximately $3.6 billion on $378 million\nof gross capital inflows, longevity income fund AUM has grown nearly 4x\nyear-over-year approaching $1 billion, and we deployed $163.6 million in\norigination capital. At the same time, we returned 100% of investor capital in\nour LMA Income II Fund at term, on time, as promised, with two-thirds of those\ninvestors choosing to recommit or extend their investment. That is not a\ncapital return event. That is a validation. Our assets are mortality-driven,\nstructurally uncorrelated to credit and equity cycles, and in this macro\nenvironment, that distinction is driving institutional demand. We increased\nour 2026 guidance, and our strategic initiatives including our investment in\nManning & Napier and a second securitization are advancing on schedule.\nQuarter after quarter, we do what we say we will do.”\n\nFirst Quarter 2026 Highlights\n\n Metric 1Q26 1Q25 Note \n Total Revenue $59.4M $44.1M +35% YoY driven by strong Life Solutions growth \n Origination capital deployment $163.6M $125.9M +30% YoY; 659 policies held (vs. 753 in 1Q25) \n GAAP net income $7.3M $4.6M +59% \n Operating Cash Flow $91.7M ($61.6M) +$153M increase YoY; demonstrates cash generation capacity of platform \n\n\n\nFirst Quarter 2026 Non-GAAP Highlights \n\n Metric 1Q26 1Q25 Note \n Adjusted net income (1) $20.1M $17.3M +17% YoY \n Adjusted EPS (basic) (1) $0.21 $0.18 +17% YoY \n Adjusted EBITDA (1) $32.7M $24.5M +33% YoY \n Adjusted EBITDA margin (1) 55.0% 55.6% Maintains high margin level while growing the business \n\n\n\nFirst Quarter 2026 Efficiency Movers \n\n Metric 1Q26 1Q25 Note \n Annualized ROIC (1) 17% 17% Maintained YoY \n Annualized ROE (1) 19% 16% +19% YoY \n Annualized turnover ratio 1.9x 0.8x Within long-term target of 1.5x to 2.0x \n Average Realized Gain 26% 21% Exceeds long-term target of 20%, reflecting strong origination discipline \n\n\n\nFirst Quarter 2026 Capital Return Update \n\n Metric 1Q26 Note \n Share repurchase program $20M Board approved additional repurchases of up to $20 million in January 2026, reflecting confidence in long-term business model, recurring earnings, and capital strength \n\n\n\nOther First Quarter 2026 Highlights \n* On March 12, 2026, Abacus entered into a definitive agreement to acquire an\napproximately $53 million minority equity stake in Manning & Napier, Inc., a\ndiversified wealth and asset management firm with approximately $18 billion in\ntotal AUM. In connection with the investment, the parties will enter into a\nStrategic Alliance Agreement designed to drive product distribution, lead\ngeneration and referrals, and joint product development across the two\nplatforms. The transaction is expected to close in Q2 2026, subject to\ncustomary closing conditions including regulatory approvals.\n\n* During Q1 2026, Abacus returned 100% of investor capital in its LMA Income\nII Fund at term, on time, and as promised, with approximately two-thirds of\ninvestors electing to re-commit or extend their investment. The successful\ncapital return underscores the reliability of the Company’s fund structures\nand the growing institutional confidence in longevity-based investment\nproducts.\n\n* Following the quarter’s end, on April 17, 2026, Abacus announced several\nkey leadership appointments: Alexei Solomon, CPA, Abacus’ Treasurer was\nelevated to also serve as our Chief Accounting Officer. Elena Plesco was named\nAbacus’ Chief Investment Officer. Samantha Butcher, President of Abacus Life\nSolutions, was elevated to an Executive Officer of Abacus. Bill McCauley,\nAbacus’ Chief Financial Officer was also appointed as Chief Operating\nOfficer. Additionally, with the appointment of Mr. Solomon to the role of\nChief Accounting Officer, Mr. McCauley stepped down from that role.\nLiquidity and Capital\n\nAs of March 31, 2026, the Company had cash and cash equivalents of $37.2\nmillion, balance sheet policy assets held at fair value of $392.8 million, and\ntotal outstanding debt, net of deferred issuance costs and discounts, of\n$330.0 million. The Company generated $91.7 million in operating cash flow\nduring Q1 2026, compared to negative $61.6 million in the prior-year period,\nreflecting the increasing cash generation capacity of the platform as\nlongevity fund AUM scales.\n\nOutlook\n\n Metric FY26 2Q26 Note \n Adjusted net income (1) $100M to $106M $24M to $26M FY Implies 17% to 24% YoY; Midpoint of ~20% \n Adjusted EPS (basic) (1) $1.00 to $1.05 $0.24 to $0.26 First time EPS guidance; based on basic share count \n\n\n\nWebcast and Conference Call\n\nA webcast and conference call to discuss the Company’s results will be held\ntoday, May 7, 2026, beginning at 5:00 p.m. (Eastern Time). A live webcast of\nthe conference call will be available on Abacus’ investor relations website\nat ir.abacusgm.com\n(https://www.globenewswire.com/Tracker?data=RTo3IC6VYBF4C-n67nDVzq4iZ8iWrf3_mdF8RY50904RyV0EAOhoFfYg8fSM3fKMpnFsCxs3JL1IMA-y4YwgFiy43dpkDCujpFl2tj80dmU=).\nThe dial-in number for the conference call is (833) 316-2483 (toll-free) or\n(785) 838-9284 (international) and participants must enter Conference ID\n“ABACUS” when joining. Please dial the number 10 minutes prior to the\nscheduled start time.\n\nA webcast replay of the call will be available at ir.abacusgm.com\n(https://www.globenewswire.com/Tracker?data=RTo3IC6VYBF4C-n67nDVzv2NatOyf6JZUttYFhHgG6IOf25L92wYvJ9rUChUHnrX3e0dcg56uBJ14DaGyYqq2_V1AJmZt-9N4tn7KfVHcIQ=)\nfor one year following the call.\n\nNon-GAAP Financial Information\n\nAdjusted Net Income, a non-GAAP financial measure, is defined as net income\n(loss) attributable to Abacus adjusted for non-controlling interest income,\namortization, change in fair value of warrants and non-cash stock-based\ncompensation and the related tax effect of those adjustments. Management\nbelieves that Adjusted Net Income is an appropriate measure of operating\nperformance because it eliminates the impact of expenses that do not relate to\nbusiness performance. A reconciliation of Adjusted Net Income to Net income\nattributable to Abacus, the most directly comparable GAAP measure, appears\nbelow.\n\nThe Company is unable to provide a comparable FY 2026 outlook for, or a\nreconciliation to net income because it cannot provide a meaningful or\naccurate calculation or estimation of certain reconciling items without\nunreasonable effort. Its inability to do so is due to the inherent difficulty\nin forecasting the timing of items that have not yet occurred and quantifying\ncertain amounts that are necessary for such reconciliation, including\nvariations in effective tax rate, expenses to be incurred for acquisition\nactivities, and other one-time or exceptional items.\n\nAdjusted EBITDA, a non-GAAP financial measure, is defined as net income (loss)\nattributable to Abacus adjusted for depreciation expense, amortization,\ninterest expense, income tax and other non-cash and certain non-recurring\nitems that in our judgement significantly impact the period-over-period\nassessment of performance and operating results that do not directly relate to\nbusiness performance within Abacus’ control. A reconciliation of Adjusted\nEBITDA to Net income attributable to Abacus, the most directly comparable GAAP\nmeasure, appears below.\n\nAdjusted EBITDA margin, a non-GAAP financial measure, is defined as Adjusted\nEBITDA divided by Total revenues. A reconciliation of Adjusted EBITDA margin\nto Net income margin, the most directly comparable GAAP measure, appears\nbelow.\n\nAnnualized return on invested capital (“ROIC”), a non-GAAP financial\nmeasure, is defined as Adjusted Net Income for the quarter divided by the\nresult of Total Assets less Intangible assets, net, Goodwill and Current\nLiabilities, multiplied by four. ROIC is not a measure of financial\nperformance under GAAP. We believe ROIC should be considered in addition to,\nnot as a substitute for, operating income or loss, net income or loss, cash\nflows provided by or used in operating, investing and financing activities or\nother income statement or cash flow statement line items reported in\naccordance with GAAP.\n\nAnnualized return on equity (“ROE”), a non-GAAP financial measure, is\ndefined as Adjusted Net Income divided by total shareholder equity, multiplied\nby four. ROE is not a measure of financial performance under GAAP. We believe\n\nROE should be considered in addition to, not as a substitute for, operating\nincome or loss, net income or loss, cash flows provided by or used in\noperating, investing and financing activities or other income statement or\ncash flow statement line items reported in accordance with GAAP. The below\ntable presents our calculation of ROE.\n\nForward-Looking Statements\n\nAll statements in this press release (and oral statements made regarding the\nsubjects of this press release) other than historical facts are\nforward-looking statements within the meaning of Section 21E of the Securities\nExchange Act of 1934, as amended. These forward-looking statements rely on a\nnumber of assumptions concerning future events and are subject to a number of\nuncertainties and factors that could cause actual results to differ materially\nfrom such statements, many of which are outside the control of Abacus.\nForward-looking information includes but is not limited to statements\nregarding: Abacus’s financial and operational outlook; Abacus’s\noperational and financial strategies, including planned growth initiatives and\nthe benefits thereof; Abacus’s ability to successfully effect those\nstrategies, and the expected results therefrom; projections of future earnings\nand expected capital; Abacus’ ability to generate future cash flows;\nsecuritization schedules and timing; future demand for Abacus’ products and\nservices; and the reliability of the Company’s fund structures and\ncorresponding market confidence and expectations. These forward-looking\nstatements generally are identified by the words “believe,” “project,”\n“estimate,” “expect,” ‎‎”intend,” “anticipate,”\n“goals,” “prospects,” “will,” “would,” “will continue,”\n“will likely result,” and similar expressions (including the negative\nversions of such words or expressions).\n\nWhile Abacus believes that the assumptions concerning future events are\nreasonable, it cautions that there are inherent difficulties in predicting\ncertain important factors that could impact the future performance or results\nof its business. The factors that could cause results to differ materially\nfrom those indicated by such forward-looking statements include, but are not\nlimited to:  the potential impact of our business relationships, including\nwith our employees, customers and competitors; changes in general economic and\nbusiness and conditions, including changes in the financial markets; political\ninstability both in the U.S. and abroad, to include political violence,\nterrorism, and war; weakness or adverse changes in the level of activity in\nour sector or the sectors of our affiliated companies, which may be caused by,\namong other things, high or increasing interest rates, or a weak U.S. economy;\nsignificant competition that our operating subsidiaries face; compliance with\nextensive government regulation; the failure to meet Abacus’s investment\n‎objectives; the inability to raise capital on favorable terms or at all;\nand the effectiveness of Abacus’s control environment, including the\nidentification of control deficiencies.\n\nThese forward-looking statements are also affected by the risk factors,\nforward-looking statements and challenges and uncertainties set forth in\ndocuments filed by Abacus with ‎the U.S. Securities and Exchange Commission\nfrom time to time, including the Annual ‎Report on Form 10-K and Quarterly\nReports on Form 10-Q and subsequent ‎periodic reports. These filings\nidentify and address other important risks and uncertainties that could cause\nactual events and results to differ materially from those contained in the\nforward-looking statements. Abacus cautions you not to place undue reliance on\nthe ‎forward-looking statements contained in this press release.\nForward-looking statements speak only as of the date they are made. Abacus\nassumes no obligation and, except as required by law, does not intend to\nupdate or revise these forward-looking statements, whether as a result of new\ninformation, future events, or otherwise. Abacus does not give any assurance\nthat it will achieve its expectations.\n\nRisk disclosure: All securities investing and trading activities risk the loss\nof capital. Investors should carefully review the offering documents and\nconsult with their own legal, tax, and financial advisors regarding the\nsuitability of investments.\n\nAbout Abacus\n\nAbacus Global Management (NYSE: ABX) is a financial services company\nspecializing in alternative asset management, data-driven wealth solutions,\ntechnology innovations, and institutional services. With a focus on\nlongevity-based assets and personalized financial planning, Abacus leverages\nproprietary data analytics and decades of industry expertise to deliver\ninnovative solutions that optimize financial outcomes for individuals and\ninstitutions worldwide.\n\nFor more information, please visit www.abacusgm.com\n\nContacts:\n\nInvestor Relations\n\nRobert F. Phillips – SVP Investor Relations and Corporate Affairs\nrob@abacusgm.com \n(321) 290-1198\n\nDavid Jackson – Managing Director of Investor Relations \ndavid@abacusgm.com \n(321) 299-0716\n\nAbacus Global Management Public Relations\npress@abacusgm.com\n\nABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEET\n\n March 31, December 31, \n 2026 (unaudited) 2 \n 0 \n 2 \n 5 \n ASSETS \n CURRENT ASSETS: \n Cash and cash equivalents $ 37,209,747 $ 38,112,332 \n Accounts receivable 12,260,137 18,082,473 \n Accounts receivable, related party 13,297,909 9,320,103 \n Income taxes receivable 96,223 411,055 \n Prepaid expenses and other current assets 5,453,056 3,646,850 \n Total current assets 68,317,072 69,572,813 \n Property and equipment, net 1,621,754 1,597,896 \n Intangible assets, net 63,284,242 66,360,444 \n Goodwill 252,779,884 252,779,884 \n Operating right-of-use assets 10,339,573 4,561,692 \n Management and performance fee receivable, related party 14,509,188 14,800,140 \n Life settlement policies, at fair value 392,770,863 468,857,929 \n Life settlement policies, at cost 931,353 918,305 \n Available-for-sale securities, at fair value; net of allowance for credit losses of $1,245,575 at March 31, 2026 and December 31, 2025 3,147,609 3,108,750 \n Other investments 20,653,585 18,253,585 \n Other assets 1,439,461 1,428,820 \n TOTAL ASSETS $ 829,794,584 $ 902,240,258 \n \n LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY \n CURRENT LIABILITIES: \n Current portion of long-term debt, at fair value $ - $ 114,424,000 \n Current portion of long-term debt 1,500,000 1,500,000 \n Accrued expenses 7,146,873 10,935,292 \n Current operating lease liabilities 1,327,873 720,186 \n Contract liabilities, deposits on pending settlements 766,528 169,184 \n Accrued transaction costs 2,200,698 2,336,177 \n Other current liabilities 14,092,882 15,853,016 \n Income taxes payable 8,767,351 2,653,366 \n Total current liabilities 35,802,205 148,591,221 \n Long-term debt, net 275,802,521 275,780,392 \n Long-term debt, at fair value 38,156,705 - \n Long-term debt, related party 14,541,873 14,114,199 \n Retrocession fees payable 5,361,714 5,361,714 \n Noncurrent operating lease liabilities 9,985,924 4,637,642 \n Deferred tax liability 27,540,858 30,214,160 \n Warrant liability - - \n TOTAL LIABILITIES 407,191,800 478,699,328 \n COMMITMENTS AND CONTINGENCIES (Note 12) \n MEZZANINE EQUITY \n Series A convertible preferred stock, $0.0001 par value; 5,000 shares authorized; 5,000 and — shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 5,000,000 5,000,000 \n TOTAL MEZZANINE EQUITY 5,000,000 5,000,000 \n STOCKHOLDERS’ EQUITY \n Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding - - \n Class A common stock, $0.0001 par value; 200,000,000 authorized shares; 105,039,246 and 104,879,752 shares issued at March 31, 2026 and December 31, 2025, respectively 10,504 10,488 \n Treasury stock – at cost; 9,055,830 and 7,406,118 shares repurchased at March 31, 2026 and December 31, 2025, respectively (70,262,583 ) (55,808,595 ) \n Additional paid-in capital 522,314,870 515,971,485 \n Accumulated deficit (34,460,007 ) (41,632,448 ) \n Noncontrolling interest - - \n TOTAL STOCKHOLDERS’ EQUITY 417,602,784 418,540,930 \n TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY $ 829,794,584 $ 902,240,258 \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS\nAND COMPREHENSIVE INCOME\n\n Three Months Ended \n March \n 31, \n 2026 2025 \n REVENUES: \n Asset management $ 1,042,443 $ 748,389 \n Asset management, related party 7,416,701 7,024,688 \n Life solutions 34,016,667 35,397,311 \n Life solutions, related party 16,550,621 901,346 \n Technology services 363,856 67,612 \n TOTAL REVENUES 59,390,288 44,139,346 \n COST OF REVENUES (excluding depreciation and amortization stated below): \n Cost of revenue (including stock-based compensation) 6,307,385 7,108,407 \n GROSS PROFIT 53,082,903 37,030,939 \n OPERATING EXPENSES: \n Sales and marketing 4,947,910 2,616,000 \n General and administrative (including stock-based compensation) 25,872,125 12,263,786 \n (Gain) loss on change in fair value of debt - (3,362,103 ) \n Unrealized loss (gain) on equity securities, at fair value - (272,254 ) \n Depreciation and amortization expense 3,934,086 4,758,546 \n TOTAL OPERATING EXPENSES 34,754,121 16,003,975 \n OPERATING INCOME 18,328,782 21,026,964 \n OTHER INCOME (EXPENSE): \n Gain (loss) on change in fair value of warrant liability - (4,806,000 ) \n Interest expense (10,453,592 ) (9,618,330 ) \n Interest income 663,223 1,175,001 \n Other (expense) income 2,518,593 (44,524 ) \n TOTAL OTHER INCOME (EXPENSE) (7,271,776 ) (13,293,853 ) \n NET INCOME BEFORE PROVISION FOR INCOME TAXES 11,057,006 7,733,111 \n Income tax expense 3,790,814 2,334,085 \n NET INCOME 7,266,192 5,399,026 \n LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST - 759,443 \n NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583 \n \n EARNINGS (LOSS) PER SHARE: \n Earnings per share - basic $ 0.07 $ 0.05 \n Earnings per share - diluted $ 0.07 $ 0.05 \n Weighted-average stock outstanding—basic 96,775,889 96,193,199 \n Weighted-average stock outstanding—diluted 99,545,644 97,498,923 \n \n NET INCOME $ 7,266,192 $ 5,399,026 \n COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 7,266,192 5,399,026 \n Net and comprehensive income attributable to non-controlling interests - 759,443 \n COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583 \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME  \n\n Three Months Ended March 31, Three Months Ended March 31, \n 2026 2025 \n Gross Estimated Tax [2] Net Gross Estimated Tax [2] Net \n Net income (loss) attributable to Abacus Global Management $ 7,266,192 $ - $ 7,266,192 $ 4,639,583 $ - $ 4,639,583 \n Net income (loss) attributable to noncontrolling interests - - - 759,443 - 759,443 \n Amortization expense 3,824,053 (969,206 ) 2,854,847 4,691,720 (1,189,117 ) 3,502,603 \n Stock based compensation 6,343,401 (1,607,735 ) 4,735,666 2,355,395 (596,975 ) 1,758,420 \n Business acquisition and project legal costs 3,949,340 (1,000,960 ) 2,948,380 - - - \n Unrealized gain on investments (5,400,000 ) 1,368,630 (4,031,370 ) - - \n Impairments on investments 3,050,000 (773,023 ) 2,276,977 - - - \n Loss on change in fair value of warrant liability - - - 4,806,000 (1,218,081 ) 3,587,919 \n Other 103,561 - 103,561 - - - \n Tax impact ([1]) 971,199 - 971,199 - - - \n Adjusted Net Income $ 20,107,746 $ (2,982,294 ) $ 17,125,453 $ 17,252,141 $ (3,004,172 ) $ 14,247,969 \n Weighted-Average Stock Outstanding - Basic 96,775,889 96,775,889 96,775,889 96,193,199 96,193,199 96,193,199 \n Weighted-Average Stock Outstanding - Diluted 99,545,644 99,545,644 99,545,644 97,498,923 97,498,923 97,498,923 \n Adjusted EPS - Basic $ 0.21 $ (0.03 ) $ 0.18 $ 0.18 $ (0.03 ) $ 0.15 \n Adjusted - Diluted $ 0.20 $ (0.03 ) $ 0.17 $ 0.18 $ (0.03 ) $ 0.15 \n [1] Tax impact represents the permanent difference in tax expense related to the restricted stock awards granted to certain executives due to IRC 162(m) limitations. \n [2] The estimated tax is based on the net federal and state statutory rate. \n Note: Totals may not add up due to rounding. \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA\n\n Three Months Ended March 31, \n 2026 2025 \n Net Income $ 7,266,192 $ 5,399,026 \n Depreciation and amortization expense 3,934,086 4,758,546 \n Income tax expense 3,790,814 2,334,085 \n Interest expense 10,453,592 9,618,330 \n Other (income) expense, net (168,593 ) 44,524 \n Interest income (663,223 ) (1,175,001 ) \n Loss on change in fair value of warrant liability - 4,806,000 \n Stock based compensation 6,343,401 2,355,395 \n Unrealized gain on investments (5,400,000 ) - \n Impairments on investments 3,050,000 - \n Business acquisition and project legal costs 3,949,340 - \n Other 103,561 - \n Unrealized gain on equity securities, at fair value - (272,254 ) \n Change in fair value of debt - (3,362,103 ) \n Adjusted EBITDA $ 32,659,170 $ 24,506,548 \n Total Revenue $ 59,390,288 $ 44,139,346 \n Adjusted EBITDA Margin % 55 % 56 % \n Net Income Margin % 12 % 12 % \n\n\n\nABACUS GLOBAL MANAGEMENT, INC. \nRETURN ON INVESTED CAPITAL\n\n Three Months Ended Three Months Ended \n March 31, 2026 March 31, 2025 \n Total Assets $ 829,794,584 $ 856,509,285 \n Less: \n Intangible assets, net (63,284,242 ) (75,110,105 ) \n Goodwill (252,779,884 ) (238,296,200 ) \n Current Liabilities (35,802,205 ) (130,800,422 ) \n Total Invested Capital $ 477,928,253 $ 412,302,558 \n \n \n Adjusted Net income $ 20,107,746 $ 17,252,141 \n Adjusted Annualized ROIC 17 % 17 % \n \n ABACUS GLOBAL MANAGEMENT \n RETURN ON EQUITY \n \n Three Months Ended Three Months Ended \n March 31, 2026 March 31, 2025 \n Total Shareholder Equity $ 417,602,784 $ 430,579,026 \n \n Adjusted Net income $ 20,107,746 $ 17,252,141 \n Adjusted Annualized ROE 19 % 16 % \n\n\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/297a6293-2545-4b4e-b8e9-7e2d605a7e37)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-05-07T20:15:02.298057436Z","server_sent_at_ms":1778184902298},"received_at":"2026-05-07T20:15:02.411Z","source_url":null},"analysis":{"id":"20937","press_release_id":"26779","analysis_json":{"industry":{"label":"Financial Services","sector":"Financials"},"redFlags":[],"eventType":"earnings","narrative":"Abacus reported Q1 2026 revenue of $59.4 million, up 35% year-over-year, while generating $91.7 million in operating cash flow.\n\nThe company raised full-year 2026 Adjusted Net Income guidance to $100–$106 million, representing up to 24% growth, and issued initial EPS guidance of $1.00–$1.05.\n\nStrategic initiatives include a $53 million minority investment in Manning & Napier and the authorization of a $20 million share repurchase program.\n\nGross AUM reached approximately $3.6 billion, with longevity income fund AUM growing nearly 4x to roughly $1 billion.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Abacus delivers 35% revenue growth and raises FY26 guidance as longevity AUM nears $1 billion."},"keyFigures":{"eps":0.07,"revenue":59400000,"guidance":"FY26 Adjusted Net Income $100M–$106M (up to 24% YoY growth); FY26 Adjusted EPS $1.00–$1.05; Q2 Adjusted Net Income $24M–$26M; Q2 Adjusted EPS $0.24–$0.26","revenueYoy":"35%","dealValueUsd":53000000,"customDimensions":{"aum_gross":3600000000,"adjusted_eps":0.21,"longevity_aum":1000000000,"buyback_amount":20000000,"adjusted_ebitda":32700000,"adjusted_net_income":20100000,"operating_cash_flow":91700000}},"quotedText":"This quarter, the results reflect both the execution of our platform and the moment this asset class is having.","namedEntities":{"people":[{"name":"Jay Jackson","role":"Chief Executive Officer"},{"name":"Alexei Solomon","role":"Chief Accounting Officer"},{"name":"Elena Plesco","role":"Chief Investment Officer"},{"name":"Samantha Butcher","role":"President"},{"name":"Bill McCauley","role":"Chief Financial Officer"}],"products":["Longevity Income Funds","LMA Income II Fund"],"companies":[{"name":"Abacus Global Management, Inc.","ticker":"ABX"},{"name":"Manning & Napier, Inc.","relationship":"investment target"}],"dollarAmounts":[{"amount":"$59.4M","context":"Q1 2026 Total Revenue"},{"amount":"$91.7 Million","context":"Q1 2026 Operating Cash Flow"},{"amount":"$20.1 Million","context":"Q1 2026 Adjusted Net Income"},{"amount":"$32.7 Million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$100–$106 Million","context":"FY26 Adjusted Net Income Guidance"},{"amount":"$53 million","context":"minority equity stake in Manning & Napier"},{"amount":"$20 million","context":"share repurchase program authorization"}]},"materialImpact":{"score":5,"reasoning":"Revenue increased 35% year-over-year to $59.4 million, and operating cash flow surged to $91.7 million. The company raised full-year 2026 Adjusted Net Income guidance to $100–$106 million, implying up to 24% growth, and authorized a new $20 million share repurchase program."},"tickerRelevance":{"others":[],"primary":"ABX"},"globalImportance":35,"audienceRelevance":20,"eventTypeSecondary":["guidance_update","buyback","m_and_a","executive_change"],"importanceComponents":{"tickerTier":"small-mid-cap","eventGravity":"strong-earnings-beat-and-guidance-raise","sectorWeight":"financial-services"}},"event_type":"earnings","event_type_secondary":["guidance_update","buyback","m_and_a","executive_change"],"sentiment":"bullish","material_impact_score":5,"narrative":"Abacus reported Q1 2026 revenue of $59.4 million, up 35% year-over-year, while generating $91.7 million in operating cash flow.\n\nThe company raised full-year 2026 Adjusted Net Income guidance to $100–$106 million, representing up to 24% growth, and issued initial EPS guidance of $1.00–$1.05.\n\nStrategic initiatives include a $53 million minority investment in Manning & Napier and the authorization of a $20 million share repurchase program.\n\nGross AUM reached approximately $3.6 billion, with longevity income fund AUM growing nearly 4x to roughly $1 billion.","key_figures":{"eps":0.07,"revenue":59400000,"guidance":"FY26 Adjusted Net Income $100M–$106M (up to 24% YoY growth); FY26 Adjusted EPS $1.00–$1.05; Q2 Adjusted Net Income $24M–$26M; Q2 Adjusted EPS $0.24–$0.26","revenueYoy":"35%","dealValueUsd":53000000,"customDimensions":{"aum_gross":3600000000,"adjusted_eps":0.21,"longevity_aum":1000000000,"buyback_amount":20000000,"adjusted_ebitda":32700000,"adjusted_net_income":20100000,"operating_cash_flow":91700000}},"named_entities":{"people":[{"name":"Jay Jackson","role":"Chief Executive Officer"},{"name":"Alexei Solomon","role":"Chief Accounting Officer"},{"name":"Elena Plesco","role":"Chief Investment Officer"},{"name":"Samantha Butcher","role":"President"},{"name":"Bill McCauley","role":"Chief Financial Officer"}],"products":["Longevity Income Funds","LMA Income II Fund"],"companies":[{"name":"Abacus Global Management, Inc.","ticker":"ABX"},{"name":"Manning & Napier, Inc.","relationship":"investment target"}],"dollarAmounts":[{"amount":"$59.4M","context":"Q1 2026 Total Revenue"},{"amount":"$91.7 Million","context":"Q1 2026 Operating Cash Flow"},{"amount":"$20.1 Million","context":"Q1 2026 Adjusted Net Income"},{"amount":"$32.7 Million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$100–$106 Million","context":"FY26 Adjusted Net Income Guidance"},{"amount":"$53 million","context":"minority equity stake in Manning & Napier"},{"amount":"$20 million","context":"share repurchase program authorization"}]},"model_name":"glm-4.7","prompt_hash":"sha256:6c7fa2f5e3b62e83","schema_hash":"sha256:ee8f711bc9bfba0d","created_at":"2026-05-08T04:38:41.175Z","global_importance":35,"audience_relevance":20,"importance_components":{"tickerTier":"small-mid-cap","eventGravity":"strong-earnings-beat-and-guidance-raise","sectorWeight":"financial-services"}},"durationMs":null,"modelName":"glm-4.7"}}