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Abacus Global Management (ABX) earnings and revenue breakdown

Latest: Q3 2026 · 8-K filed Nov 5, 2026

Q3 2026 Revenue up 22% year over year to $76.9M · 19¢ of every $1 of revenue kept as net profit · operating margin 33.5%

Abacus Global Management made $76.9M in Q3 2026 (+22% Y/Y): Life solutions $37.0M, Life solutions, related party $34.3M, Asset management, related party $4.2M. Operating margin 33.5%, net earnings $14.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).

Revenue$76.9M
Year over year+22%
Operating margin33.5%
Net earnings$14.5M
Operating cash flow—

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $76.9M in Q3 2026, up 22% year over year and up 5% from the previous quarter. Life solutions was the largest line at 48% of revenue. Life solutions, related party added $25.7M year over year (up 300%), 185% of the total change. Asset management, related party declined 44%.

Gross margin was 89.9%, up 2.0 points from Q3 2025. Operating profit was $25.7M, a 33.5% margin (down 2.1 points year over year). Of the extra revenue versus Q3 2025, 24% reached operating profit, below the 36% margin then. Operating expenses grew 32% against revenue growth of 22%. The fastest-growing cost line was Other operating costs (+758%). Net earnings were $14.5M, up 105% year over year. The effective tax rate was 22.4%.

Quarterly history

Abacus Global Management revenue by quarterAbacus Global Management revenue by quarter$44.1MQ1 2025$56.2MQ2 2025$63.0MQ3 2025$71.9MQ4 2025$59.4MQ1 2026$73.0MQ2 2026$76.9MQ3 2026
Abacus Global Management net earnings by quarterAbacus Global Management net earnings by quarter$4.6MQ1 2025$17.6MQ2 2025$7.1MQ3 2025$7.2MQ4 2025$7.3MQ1 2026$6.6MQ2 2026$14.5MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 20268-KNov 5, 2026$76.9M+22%33.5%$14.5M—
Q2 202610-QAug 10, 2026$73.0M+30%29.4%$6.6M$39.3M
Q1 202610-QMay 11, 2026$59.4M+35%30.9%$7.3M$91.7M
Q4 202510-KMar 13, 2026$71.9M+116%31.7%$7.2M−$7.4M
Q3 202510-QNov 7, 2025$63.0M+124%35.6%$7.1M−$32.8M
Q2 202510-QAug 12, 2025$56.2M+93%40.1%$17.6M$76.1M
Q1 202510-QMay 8, 2025$44.1M+105%47.6%$4.6M−$61.6M

Charts

Abacus Global Management: revenue growth, year over year and quarter over quarterAbacus Global Management: revenue growth, year over year and quarter over quarterY/YQ/Q+105%Q1 2025+93%+27%Q2 2025+124%+12%Q3 2025+116%+14%Q4 2025+35%-17%Q1 2026+30%+23%Q2 2026+22%+5%Q3 2026
Latest (Q3 2026): Y/Y +22%, Q/Q +5%.
Abacus Global Management: where the cash came from (+) and went (−), TTM to Q2 2026Abacus Global Management: where the cash came from (+) and went (−), TTM to Q2 2026Operating cash flow$90.8MOther financing−$57.9MCash drawn (+) / kept (−)$51.4MOther investing−$50.4MBuybacks−$33.1MCapital spending−$1.3MAcquisitions$448K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Abacus Global Management: profit against cash, quarter by quarterAbacus Global Management: profit against cash, quarter by quarterNet incomeOperating cash flow−$5.3M−$52.3MQ3 2024−$19.0M−$92.0MQ4 2024$5.4M−$61.6MQ1 2025$17.6M$76.1MQ2 2025$7.1M−$32.8MQ3 2025$7.2M−$7.4MQ4 2025$7.3M$91.7MQ1 2026$6.6M$39.3MQ2 2026
Latest (Q2 2026): Net income $6.6M, Operating cash flow $39.3M.
Abacus Global Management: diluted shares by fiscal yearAbacus Global Management: diluted shares by fiscal year50MFY202258MFY202371MFY202499MFY2025
+97.0% since FY2022: more shares outstanding (issuance, stock pay).
Abacus Global Management: long-term debt falling due (FY2025)Abacus Global Management: long-term debt falling due (FY2025)$116M2026$1.5M2027$151M2028$1.5M2029$143M2030
Cash $38.1M, short-term investments —, long-term debt $406M at 2025-12-31.
Abacus Global Management in its industry: growth against margin (43 companies, SIC 6282)Abacus Global Management in its industry: growth against margin (43 companies, SIC 6282)revenue growth, year over year →↑ operating marginmedian +8%median 21%KKRAMPAPOBXBENTROWIVZBAMARESAlliancebernstein L.P.TPGEVRLAZOWLSTEPHLIMORNAMGFHIVCTRPJTCGAPAMLCLNHLNEVRTSAAMICNSGCMGOAK-PARPCALTIPSRILYSAMGWHGHKHCMLCIHNNAVALUILLRGROWABX (+22%, 34%)
Investment Advice; dot size is quarterly revenue; dashed lines are the industry's medians.

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About Abacus Global Management

Abacus Global Management, Inc. (“we,” “us,” “our,” the “Company,” or “Abacus”) was formerly known as Abacus Life, Inc. and East Resources Acquisition Company (“ERES”). The Company was initially organized as ERES, a blank check company incorporated in Delaware on May 22, 2020. On June 30, 2023, we completed a business combination by and between Abacus Merger Sub, LLC, a Delaware limited liability company and wholly owned subsidiary of ERES (“Abacus Merger Sub”), Longevity Market Assets, LLC, a Florida limited liability company (“LMA”), and Abacus Settlements, LLC, a Florida limited liability company (“Abacus Settlements” and, together with LMA, the “Companies”), pursuant to which (i) LMA Merger Sub merged with and into LMA, with LMA surviving and (ii) Abacus Merger Sub merged with and into Abacus, with Abacus

In its own words, from its 10-K, filed Mar 13, 2026.

Abacus Global Management against its Investment Advice peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +6%. Operating margin: 33.5% against the peers' median 28.9%.

CompanyQuarterRevenueY/YOp. margin
ABX Abacus Global ManagementQ3 2026$76.9M+22%33.5%
KKR KKRQ2 2026$5.7B+12%24.0%
AMP Ameriprise FinancialQ3 2026$5.2B+6%28.9%
APO Apollo Global ManagementQ3 2026$4.7B-52%-30.9%
BX BlackstoneQ3 2026$3.1B-0.8%46.9%
BEN Franklin TempletonQ4 FY26$2.4B+4%14.6%
TROW Price T Rowe GroupQ3 2026$2.0B+6%38.4%
IVZ InvescoQ3 2026$1.9B+14%23.3%
BAM Brookfield Asset ManagementQ2 2026$1.8B+61%62.4%

Source: Abacus Global Management 8-K on SEC EDGAR · CIK 1814287 · Investment Advice

13F: who owns ABX and who is buying

Largest holders of ABX (13F)Largest holders of ABX (13F)DuPont Capital Management$185MRoyce & Associates LP$24.9MBlackRock$24.5MVanguard Group$19.8MMendon Capital Advisors$19.3MCuri RMB Capital, LLC$18.2MAshford Capital Management$17.9MVanguard Capital Management LLC$17.1MAllspring Global Investments Hold…$12.9MAlta Fundamental Advisers LLC$11.8M
Funds' net buying of ABX by quarter (13F)Funds' net buying of ABX by quarter (13F)−$290M2024-09−$310M2024-12−$1.6B2025-03−$797M2025-06−$481M2025-09−$13.7M2025-12−$13.2M2026-03−$3.5M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ABX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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