Quarterly ResultAug 6, 2026, 04:41 PM
Abacus Q2 Revenue $73.0M, Adj. EPS $0.28; Longevity Funds Exceed Target
AI Summary
Abacus Global Management reported record second-quarter 2026 total revenue of $73.0 million, a 30% year-over-year increase. Adjusted net income rose 24% to $27.1 million, and Adjusted EPS grew 22% to $0.28, both exceeding guidance. The company also surpassed its first-half longevity funds target, raising $544.2 million, and launched a new fund for individual investors. Abacus projects continued growth with Q3 2026 Adjusted EPS of $0.26–$0.28.
Key Highlights
- Total Revenue for Q2 2026 reached a record $73.0 million, up 30% year-over-year.
- Adjusted Net Income for Q2 2026 was $27.1 million, a 24% increase year-over-year.
- Adjusted EPS for Q2 2026 was $0.28, up 22% year-over-year, exceeding guidance.
- Longevity funds raised $544.2 million in H1 2026, surpassing the $500 million target.
- Launched ABX Longevity Growth and Income Fund for individual investors.
- Completed $53 million minority equity investment in Manning & Napier, Inc.
- Operating Cash Flow (YTD) increased to $130.9 million from $14.5 million YoY.
- Projects Q3 2026 Adjusted EPS of $0.26–$0.28, up to 17% year-over-year.
Price Impact
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