Quarterly ResultMay 11, 2026, 07:41 AM
Abacus Global Q1 Revenue +34.5% to $59.4M; Net Income +56.6%
AI Summary
Abacus Global Management, Inc. reported strong financial results for the first quarter of 2026, with total revenues increasing 34.5% to $59.4 million and net income attributable to the company rising 56.6% to $7.27 million. Basic and diluted earnings per share both grew 40% to $0.07. The company also saw a significant turnaround in operating cash flow, moving from a net use of $61.59 million in Q1 2025 to a net provision of $91.69 million in Q1 2026.
Key Highlights
- Total revenues increased 34.5% to $59.4 million in Q1 2026.
- Net income attributable to Abacus Global Management, Inc. rose 56.6% to $7.27 million.
- Basic and diluted EPS increased 40% to $0.07.
- Net cash provided by operating activities was $91.69 million, a significant improvement from a net use of $61.59 million in Q1 2025.
- Life solutions revenue grew 39.3% to $50.57 million.
- Asset management revenue increased 8.8% to $8.46 million.
- The company repurchased $14.45 million of common stock.
- Dividends of $93,750 were declared on Series A Convertible Preferred Stock.