Quarterly ResultMay 7, 2026, 04:18 PM
Abacus Raises FY26 Adjusted Net Income Guidance to $100M-$106M
AI Summary
Abacus Global Management reported strong first-quarter 2026 results and raised its full-year guidance. Adjusted Net Income increased 17% year-over-year to $20.1 million, and Adjusted EBITDA grew 33.3% to $32.7 million. The company also generated $91.7 million in operating cash flow, a significant increase from the prior year. Abacus raised its full-year 2026 Adjusted Net Income guidance to $100-$106 million and issued full-year Adjusted EPS guidance of $1.00-$1.05. Strategic initiatives include an investment in Manning & Napier and key leadership appointments.
Key Highlights
- Raised FY26 Adjusted Net Income guidance to $100M-$106M, up to 24% YoY.
- Issued FY26 Adjusted EPS guidance of $1.00-$1.05.
- Q1 2026 Adjusted Net Income increased 17% YoY to $20.1 million.
- Q1 2026 Adjusted EBITDA grew 33.3% YoY to $32.7 million.
- Q1 2026 Operating Cash Flow was $91.7 million, up over $153 million YoY.
- Longevity Income Funds AUM grew nearly 4x YoY to approximately $1 billion.
- Board approved additional $20 million share repurchases in January 2026.
- Agreed to acquire $53 million minority stake in Manning & Napier.