Form 8-K

8-K — Abacus Global Management, Inc.

Accession: 0001628280-26-032209

Filed: 2026-05-07

Period: 2026-05-07

CIK: 0001814287

SIC: 6282 (INVESTMENT ADVICE)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — abl-20260507.htm (Primary)

EX-99.1 (ex_991xabx-earningsrelease.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: abl-20260507.htm · Sequence: 1

abl-20260507

false000181428700018142872026-05-072026-05-070001814287us-gaap:CommonStockMember2026-05-072026-05-070001814287abl:FixedUnsecuredNotesMember2026-05-072026-05-07

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________

FORM 8-K

__________________

CURRENT REPORT

Pursuant to Section 13 or Section 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 7, 2026

__________________

Abacus Global Management, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation

or organization)

001-39403

(Commission

File Number)

85-1210472

(I.R.S. Employer

Identification Number)

2101 Park Center Drive, Suite 200

Orlando, Florida 32835

(800) 561-4148

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

__________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation to the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbols Name of each exchange on which registered

Common stock, par value $0.0001 per share ABX

New York Stock Exchange

9.875% Fixed Rate Senior Notes due 2028 ABXL

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 2.02. Results of Operations and Financial Condition

On May 7, 2026, Abacus Global Management, Inc. ("Abacus" or "Company") announced the results of its operations and its financial condition for the quarterly period ended March 31, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

The information in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” with the U.S. Securities and Exchange Commission or otherwise incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

Item 7.01 Regulation FD Disclosure

On May 7, 2026, the Company intends to post a new investor presentation to the Investor Relations – Presentations section of the Company’s website, https://ir.abacusgm.com/. The Company’s investor presentation is expected to contain information that may be deemed material to investors. The Company uses its website to disseminate updates to its investor presentation and does not intend to file or furnish a Current Report on Form 8-K to alert investors each time the presentation is updated. The Company routinely posts important information, including news releases, announcements and other statements about its business and results of operations, that may be deemed material to investors on the Investor Relations section of the Company’s website, https://ir.abacusgm.com/.

The Company uses its website as a means of disclosing material, nonpublic information and for complying with the Company’s disclosure obligations under Regulation FD. Investors should monitor the Investor Relations section of the Company’s website in addition to following the Company’s press releases, filings with the SEC, public conference calls and webcasts.

Pursuant to the rules and regulations of the SEC, the information in this Item 7.01 disclosure is deemed to have been furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information shall not be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statement and Exhibits

(d) Exhibits.

Exhibit Number Exhibit Description

99.1

Press Release dated May 7, 2026 announcing financial results for the quarter ended March 31, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

Abacus Global Management, Inc.

(Registrant)

Date: May 7, 2026 By: /s/ Jay Jackson

Name: Jay Jackson

Title: Chief Executive Officer

(Principal Executive Officer)

EX-99.1

Filename: ex_991xabx-earningsrelease.htm · Sequence: 2

Document

ABACUS GLOBAL MANAGEMENT, INC. REPORTS FIRST QUARTER 2026 RESULTS

~ Raises Full-Year 2026 Adjusted Net Income1 Guidance to $100–$106 Million, Up to 24% Increase Year-Over-Year; Issues Q2 Adjusted Net Income Guidance of $24–$26 Million ~

~ Issues Full-Year 2026 Adjusted EPS1 Guidance of $1.00–$1.05; Q2 Adjusted EPS Guidance of $0.24–$0.26 ~

~ Generates $91.7 Million in Operating Cash Flow, an Increase of More Than $153 Million Year-Over-Year ~

~ Longevity Income Funds AUM Grows Nearly 4x Year-Over-Year to Approximately $1 Billion ~

~ Adjusted Net Income1 Increases 17% Year-Over-Year to $20.1 Million; Adjusted EBITDA1 Grows 33.3% to $32.7 Million ~

ORLANDO, Fla. – May 7, 2026 – Abacus Global Management, Inc. (“Abacus” or the “Company”) (NYSE: ABX), a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services with a focus on longevity-based assets and personalized financial planning, today reported results for the first quarter ended March 31, 2026.

Jay Jackson, Chief Executive Officer of Abacus commented, “This quarter, the results reflect both the execution of our platform and the moment this asset class is having. Gross AUM reached approximately $3.6 billion on $378 million of gross capital inflows, longevity income fund AUM has grown nearly 4x year-over-year approaching $1 billion, and we deployed $163.6 million in origination capital. At the same time, we returned 100% of investor capital in our LMA Income II Fund at term, on time, as promised, with two-thirds of those investors choosing to recommit or extend their investment. That is not a capital return event. That is a validation. Our assets are mortality-driven, structurally uncorrelated to credit and equity cycles, and in this macro environment, that distinction is driving institutional demand. We increased our 2026 guidance, and our strategic initiatives including our investment in Manning & Napier and a second securitization are advancing on schedule. Quarter after quarter, we do what we say we will do.”

First Quarter 2026 Highlights

Metric 1Q26 1Q25 Note

Total Revenue $59.4M $44.1M +35% YoY driven by strong Life Solutions growth

Origination capital deployment $163.6M $125.9M +30% YoY; 659 policies held (vs. 753 in 1Q25)

GAAP net income $7.3M $4.6M +59%

Operating Cash Flow $91.7M ($61.6M) +$153M increase YoY; demonstrates cash generation capacity of platform

First Quarter 2026 Non-GAAP Highlights

Metric 1Q26 1Q25 Note

Adjusted net income1

$20.1M $17.3M +17% YoY

Adjusted EPS (basic) 1

$ 0.21 $ 0.18 +17% YoY

Adjusted EBITDA1

$32.7M $24.5M +33% YoY

Adjusted EBITDA margin1

55.0 % 55.6 % Maintains high margin level while growing the business

First Quarter 2026 Efficiency Movers

Metric 1Q26 1Q25 Note

Annualized ROIC1

17 % 17 % Maintained YoY

Annualized ROE1

19 % 16 % +19% YoY

(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 8.

Annualized turnover ratio 1.9x 0.8x Within long-term target of 1.5x to 2.0x

Average Realized Gain 26 % 21 % Exceeds long-term target of 20%, reflecting strong origination discipline

First Quarter 2026 Capital Return Update

Metric 1Q26 Note

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

Other First Quarter 2026 Highlights

•On March 12, 2026, Abacus entered into a definitive agreement to acquire an approximately $53 million minority equity stake in Manning & Napier, Inc., a diversified wealth and asset management firm with approximately $18 billion in total AUM. In connection with the investment, the parties will enter into a Strategic Alliance Agreement designed to drive product distribution, lead generation and referrals, and joint product development across the two platforms. The transaction is expected to close in Q2 2026, subject to customary closing conditions including regulatory approvals.

•During Q1 2026, Abacus returned 100% of investor capital in its LMA Income II Fund at term, on time, and as promised, with approximately two-thirds of investors electing to re-commit or extend their investment. The successful capital return underscores the reliability of the Company’s fund structures and the growing institutional confidence in longevity-based investment products.

•Following the quarter’s end, on April 17, 2026, Abacus announced several key leadership appointments: Alexei Solomon, CPA, Abacus’ Treasurer was elevated to also serve as our Chief Accounting Officer. Elena Plesco was named Abacus’ Chief Investment Officer. Samantha Butcher, President of Abacus Life Solutions, was elevated to an Executive Officer of Abacus. Bill McCauley, Abacus’ Chief Financial Officer was also appointed as Chief Operating Officer. Additionally, with the appointment of Mr. Solomon to the role of Chief Accounting Officer, Mr. McCauley stepped down from that role.

Liquidity and Capital

As of March 31, 2026, the Company had cash and cash equivalents of $37.2 million, balance sheet policy assets held at fair value of $392.8 million, and total outstanding debt, net of deferred issuance costs and discounts, of $330.0 million. The Company generated $91.7 million in operating cash flow during Q1 2026, compared to negative $61.6 million in the prior-year period, reflecting the increasing cash generation capacity of the platform as longevity fund AUM scales.

Outlook

Metric FY26 2Q26 Note

Adjusted net income1

$100M to $106M $24M to $26M FY Implies 17% to 24% YoY; Midpoint of ~20%

Adjusted EPS (basic)1

$1.00 to $1.05 $0.24 to $0.26 First time EPS guidance; based on basic share count

Webcast and Conference Call

A webcast and conference call to discuss the Company’s results will be held today, May 7, 2026, beginning at 5:00 p.m. (Eastern Time). A live webcast of the conference call will be available on Abacus’ investor relations website at ir.abacusgm.com. The dial-in number for the conference call is (844) 512-2921 (toll-free) or (412) 317-6671 (international) and participants must enter Conference ID “ABACUS” when joining. Please dial the number 10 minutes prior to the scheduled start time.

A webcast replay of the call will be available at ir.abacusgm.com for one year following the call.

(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 8.

Non-GAAP Financial Information

Adjusted Net Income, a non-GAAP financial measure, is defined as net income (loss) attributable to Abacus adjusted for non-controlling interest income, amortization, change in fair value of warrants and non-cash stock-based compensation and the related tax effect of those adjustments. Management believes that Adjusted Net Income is an appropriate measure of operating performance because it eliminates the impact of expenses that do not relate to business performance. A reconciliation of Adjusted Net Income to Net income attributable to Abacus, the most directly comparable GAAP measure, appears below.

The Company is unable to provide a comparable FY 2026 outlook for, or a reconciliation to net income because it cannot provide a meaningful or accurate calculation or estimation of certain reconciling items without unreasonable effort. Its inability to do so is due to the inherent difficulty in forecasting the timing of items that have not yet occurred and quantifying certain amounts that are necessary for such reconciliation, including variations in effective tax rate, expenses to be incurred for acquisition activities, and other one-time or exceptional items.

Adjusted EBITDA, a non-GAAP financial measure, is defined as net income (loss) attributable to Abacus adjusted for depreciation expense, amortization, interest expense, income tax and other non-cash and certain non-recurring items that in our judgement significantly impact the period-over-period assessment of performance and operating results that do not directly relate to business performance within Abacus’ control. A reconciliation of Adjusted EBITDA to Net income attributable to Abacus, the most directly comparable GAAP measure, appears below.

Adjusted EBITDA margin, a non-GAAP financial measure, is defined as Adjusted EBITDA divided by Total revenues. A reconciliation of Adjusted EBITDA margin to Net income margin, the most directly comparable GAAP measure, appears below.

Annualized return on invested capital (“ROIC”), a non-GAAP financial measure, is defined as Adjusted Net Income for the quarter divided by the result of Total Assets less Intangible assets, net, Goodwill and Current Liabilities, multiplied by four. ROIC is not a measure of financial performance under GAAP. We believe ROIC should be considered in addition to, not as a substitute for, operating income or loss, net income or loss, cash flows provided by or used in operating, investing and financing activities or other income statement or cash flow statement line items reported in accordance with GAAP.

Annualized return on equity (“ROE”), a non-GAAP financial measure, is defined as Adjusted Net Income divided by total shareholder equity, multiplied by four. ROE is not a measure of financial performance under GAAP. We believe ROE should be considered in addition to, not as a substitute for, operating income or loss, net income or loss, cash flows provided by or used in operating, investing and financing activities or other income statement or cash flow statement line items reported in accordance with GAAP. The below table presents our calculation of ROE.

Forward-Looking Statements

All statements in this press release (and oral statements made regarding the subjects of this press release) other than historical facts are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors that could cause actual results to differ materially from such statements, many of which are outside the control of Abacus. Forward-looking information includes but is not limited to statements regarding: Abacus’s financial and operational outlook; Abacus’s operational and financial strategies, including planned growth initiatives and the benefits thereof; Abacus’s ability to successfully effect those strategies, and the expected results therefrom; projections of future earnings and expected capital; Abacus’ ability to generate future cash flows; securitization schedules and timing; future demand for Abacus’ products and services; and the reliability of the Company’s fund structures and corresponding market confidence and expectations. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “expect,” ”intend,” “anticipate,” “goals,” “prospects,” “will,”

(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 8.

“would,” “will continue,” “will likely result,” and similar expressions (including the negative versions of such words or expressions).

While Abacus believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in predicting certain important factors that could impact the future performance or results of its business. The factors that could cause results to differ materially from those indicated by such forward-looking statements include, but are not limited to: the potential impact of our business relationships, including with our employees, customers and competitors; changes in general economic and business and conditions, including changes in the financial markets; political instability both in the U.S. and abroad, to include political violence, terrorism, and war; weakness or adverse changes in the level of activity in our sector or the sectors of our affiliated companies, which may be caused by, among other things, high or increasing interest rates, or a weak U.S. economy; significant competition that our operating subsidiaries face; compliance with extensive government regulation; the failure to meet Abacus’s investment objectives; the inability to raise capital on favorable terms or at all; and the effectiveness of Abacus’s control environment, including the identification of control deficiencies.

These forward-looking statements are also affected by the risk factors, forward-looking statements and challenges and uncertainties set forth in documents filed by Abacus with the U.S. Securities and Exchange Commission from time to time, including the Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and subsequent periodic reports. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Abacus cautions you not to place undue reliance on the forward-looking statements contained in this press release. Forward-looking statements speak only as of the date they are made. Abacus assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Abacus does not give any assurance that it will achieve its expectations.

Risk disclosure: All securities investing and trading activities risk the loss of capital. Investors should carefully review the offering documents and consult with their own legal, tax, and financial advisors regarding the suitability of investments.

About Abacus

Abacus Global Management (NYSE: ABX) is a financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide.

For more information, please visit www.abacusgm.com

Contacts:

Investor Relations

Robert F. Phillips – SVP Investor Relations and Corporate Affairs

rob@abacusgm.com

(321) 290-1198

David Jackson – Managing Director of Investor Relations

david@abacusgm.com

(321) 299-0716

Abacus Global Management Public Relations

press@abacusgm.com

(1) Non-GAAP Financial Measure. See reconciliations to nearest comparable GAAP measure beginning on page 8.

ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEET

March 31, December 31,

2026 (unaudited) 2025

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$ 37,209,747 $ 38,112,332

Accounts receivable 12,260,137 18,082,473

Accounts receivable, related party

13,297,909 9,320,103

Income taxes receivable 96,223 411,055

Prepaid expenses and other current assets

5,453,056 3,646,850

Total current assets 68,317,072 69,572,813

Property and equipment, net

1,621,754 1,597,896

Intangible assets, net 63,284,242 66,360,444

Goodwill

252,779,884 252,779,884

Operating right-of-use assets 10,339,573 4,561,692

Management and performance fee receivable, related party

14,509,188 14,800,140

Life settlement policies, at fair value 392,770,863 468,857,929

Life settlement policies, at cost

931,353 918,305

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

Other investments

20,653,585 18,253,585

Other assets

1,439,461 1,428,820

TOTAL ASSETS $ 829,794,584 $ 902,240,258

LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Current portion of long-term debt, at fair value

$ - $ 114,424,000

Current portion of long-term debt

1,500,000 1,500,000

Accrued expenses

7,146,873 10,935,292

Current operating lease liabilities

1,327,873 720,186

Contract liabilities, deposits on pending settlements

766,528 169,184

Accrued transaction costs

2,200,698 2,336,177

Other current liabilities

14,092,882 15,853,016

Income taxes payable

8,767,351 2,653,366

Total current liabilities

35,802,205 148,591,221

Long-term debt, net

275,802,521 275,780,392

Long-term debt, at fair value

38,156,705 -

Long-term debt, related party

14,541,873 14,114,199

Retrocession fees payable

5,361,714 5,361,714

Noncurrent operating lease liabilities

9,985,924 4,637,642

Deferred tax liability

27,540,858 30,214,160

Warrant liability

- -

TOTAL LIABILITIES 407,191,800 478,699,328

COMMITMENTS AND CONTINGENCIES (Note 12)

MEZZANINE EQUITY

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

TOTAL MEZZANINE EQUITY 5,000,000 5,000,000

STOCKHOLDERS’ EQUITY

Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 5,000 shares issued and outstanding

- -

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

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)

Additional paid-in capital

522,314,870 515,971,485

Accumulated deficit

(34,460,007) (41,632,448)

Noncontrolling interest

- -

TOTAL STOCKHOLDERS’ EQUITY 417,602,784 418,540,930

TOTAL LIABILITIES, MEZZANINE EQUITY, AND STOCKHOLDERS' EQUITY $ 829,794,584 $ 902,240,258

ABACUS GLOBAL MANAGEMENT, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

Three Months Ended

March 31,

2026 2025

REVENUES:

Asset management

$ 1,042,443 $ 748,389

Asset management, related party

7,416,701 7,024,688

Life solutions

34,016,667 35,397,311

Life solutions, related party

16,550,621 901,346

Technology services

363,856 67,612

TOTAL REVENUES 59,390,288 44,139,346

COST OF REVENUES (excluding depreciation and amortization stated below):

Cost of revenue (including stock-based compensation)

6,307,385 7,108,407

GROSS PROFIT 53,082,903 37,030,939

OPERATING EXPENSES:

Sales and marketing

4,947,910 2,616,000

General and administrative (including stock-based compensation)

25,872,125 12,263,786

(Gain) loss on change in fair value of debt

- (3,362,103)

Unrealized loss (gain) on equity securities, at fair value

- (272,254)

Depreciation and amortization expense

3,934,086 4,758,546

TOTAL OPERATING EXPENSES 34,754,121 16,003,975

OPERATING INCOME 18,328,782 21,026,964

OTHER INCOME (EXPENSE):

Gain (loss) on change in fair value of warrant liability

- (4,806,000)

Interest expense

(10,453,592) (9,618,330)

Interest income

663,223 1,175,001

Other (expense) income

2,518,593 (44,524)

TOTAL OTHER INCOME (EXPENSE) (7,271,776) (13,293,853)

NET INCOME BEFORE PROVISION FOR INCOME TAXES 11,057,006 7,733,111

Income tax expense 3,790,814 2,334,085

NET INCOME 7,266,192 5,399,026

LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST - 759,443

NET INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583

EARNINGS (LOSS) PER SHARE:

Earnings per share - basic

$ 0.07 $ 0.05

Earnings per share - diluted

$ 0.07 $ 0.05

Weighted-average stock outstanding—basic

96,775,889 96,193,199

Weighted-average stock outstanding—diluted

99,545,644 97,498,923

NET INCOME $ 7,266,192 $ 5,399,026

COMPREHENSIVE INCOME BEFORE NON-CONTROLLING INTERESTS 7,266,192 5,399,026

Net and comprehensive income attributable to non-controlling interests - 759,443

COMPREHENSIVE INCOME ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,266,192 $ 4,639,583

ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED NET INCOME

Three Months Ended March 31,

2026

2025

Gross

Estimated

Tax [2]

Net

Gross

Estimated

Tax [2]

Net

Net income (loss) attributable to Abacus Global Management

$ 7,266,192

$ -

$ 7,266,192

$ 4,639,583

$ -

$ 4,639,583

Net income (loss) attributable to noncontrolling interests

759,443

Amortization expense

3,824,053

(969,206)

2,854,847

4,691,720

(1,189,117)

3,502,603

Stock based compensation

6,343,401

(1,607,735)

4,735,666

2,355,395

(596,975)

1,758,420

Business acquisition and project legal costs

3,949,340

(1,000,960)

2,948,380

Unrealized gain on investments

(5,400,000)

1,368,630

(4,031,370)

Impairments on investments

3,050,000

(773,023)

2,276,977

Loss on change in fair value of warrant liability

4,806,000

(1,218,081)

3,587,919

Other

103,561

Tax impact [1]

971,199

Adjusted Net Income

$ 20,107,746

$ (2,982,294)

$ 17,125,453

$ 17,252,141

$ (3,004,172)

$ 14,247,969

Weighted-Average Stock Outstanding - Basic

96,775,889

96,193,199

Weighted-Average Stock Outstanding - Diluted

99,545,644

97,498,923

Adjusted EPS - Basic

$ 0.21

$ (0.03)

$ 0.18

$ (0.03)

$ 0.15

Adjusted - Diluted

$ 0.20

$ (0.03)

$ 0.17

$ 0.18

$ (0.03)

$ 0.15

[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.

[2] The estimated tax is based on the net federal and state statutory rate.

Note: Totals may not add up due to rounding.

ABACUS GLOBAL MANAGEMENT, INC. ADJUSTED EBITDA

Three Months Ended March 31,

2026 2025

Net Income $ 7,266,192 $ 5,399,026

Depreciation and amortization expense 3,934,086 4,758,546

Income tax expense 3,790,814 2,334,085

Interest expense 10,453,592 9,618,330

Other (income) expense, net (168,593) 44,524

Interest income (663,223) (1,175,001)

Loss on change in fair value of warrant liability - 4,806,000

Stock based compensation 6,343,401 2,355,395

Unrealized gain on investments (5,400,000) -

Impairments on investments 3,050,000 -

Business acquisition and project legal costs 3,949,340 -

Other 103,561 -

Unrealized gain on equity securities, at fair value - (272,254)

Change in fair value of debt - (3,362,103)

Adjusted EBITDA $ 32,659,170 $ 24,506,548

Total Revenue $ 59,390,288 $ 44,139,346

Adjusted EBITDA Margin % 55 % 56 %

Net Income Margin % 12 % 12 %

ABACUS GLOBAL MANAGEMENT, INC.

RETURN ON INVESTED CAPITAL

Three Months Ended Three Months Ended

March 31, 2026 March 31, 2025

Total Assets $ 829,794,584 $ 856,509,285

Less:

Intangible assets, net (63,284,242) (75,110,105)

Goodwill (252,779,884) (238,296,200)

Current Liabilities (35,802,205) (130,800,422)

Total Invested Capital $ 477,928,253 $ 412,302,558

Adjusted Net income $ 20,107,746 $ 17,252,141

Adjusted Annualized ROIC 17 % 17 %

ABACUS GLOBAL MANAGEMENT

RETURN ON EQUITY

Three Months Ended Three Months Ended

March 31, 2026 March 31, 2025

Total Shareholder Equity $ 417,602,784 $ 430,579,026

Adjusted Net income $ 20,107,746 $ 17,252,141

Adjusted Annualized ROE 19 % 16 %

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Cover

May 07, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

May 07, 2026

Entity Registrant Name

Abacus Global Management, Inc.

Entity Incorporation, State or Country Code

Entity File Number

001-39403

Entity Tax Identification Number

85-1210472

Entity Address, Address Line One

2101 Park Center Drive, Suite 200

Entity Address, City or Town

Orlando

Entity Address, State or Province

Entity Address, Postal Zip Code

32835

City Area Code

800

Local Phone Number

561-4148

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0001814287

Common stock, par value $0.0001 per share

Document Information [Line Items]

Title of 12(b) Security

Common stock, par value $0.0001 per share

Trading Symbol

ABX

Security Exchange Name

NYSE

Fixed Unsecured Notes

Document Information [Line Items]

Title of 12(b) Security

9.875% Fixed Rate Senior Notes due 2028

Trading Symbol

ABXL

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=abl_FixedUnsecuredNotesMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: