Quarterly ResultMay 7, 2026, 04:38 PM
Abacus Q1 Adj. Net Income +17% to $20.1M; Raises FY26 Guidance
AI Summary
Abacus Global Management reported strong first quarter 2026 results, with Adjusted Net Income increasing 17% year-over-year to $20.1 million and Total Revenue up 35% to $59.4 million. The company significantly raised its full-year 2026 Adjusted Net Income guidance to $100-$106 million and issued its first-time Adjusted EPS guidance of $1.00-$1.05. Abacus also highlighted substantial growth in Longevity Income Funds AUM, which nearly quadrupled year-over-year to approximately $1 billion, and announced an investment in Manning & Napier, Inc. and key leadership appointments.
Key Highlights
- Abacus raises FY26 Adjusted Net Income guidance to $100M-$106M, up to 24% YoY.
- Abacus issues FY26 Adjusted EPS guidance of $1.00-$1.05.
- Q1 2026 Adjusted Net Income increased 17% YoY to $20.1M.
- Q1 2026 Adjusted EBITDA grew 33.3% to $32.7M.
- Total Revenue for Q1 2026 was $59.4M, up 35% YoY.
- Operating Cash Flow generated $91.7M, an increase of over $153M YoY.
- Longevity Income Funds AUM grew nearly 4x YoY to approximately $1B.
- Board approved additional share repurchases of up to $20M in January 2026.