Filing Flows › Abacus Global Management (ABX) › Q1 2025
Abacus Global Management (ABX) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Abacus Global Management (ABX) reported revenue of $44.1M for the first quarter 2025 (Q1 2025), +105% from a year earlier and +33% from the quarter before. Operating margin was 47.6%, net earnings $4.6M (10.5% of revenue).
Abacus Global Management, Q1 2025: revenue $44.1M (+105% year over year), operating margin 47.6%, net earnings $4.6M, operating cash flow −$61.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $44.1M | +33% | +105% |
| Gross profit | $37.0M | +26% | +97% |
| Operating profit | $21.0M | — | +833% |
| Net earnings | $4.6M | — | — |
| Operating cash flow | −$61.6M | — | — |
What changed
Revenue was $44.1M in Q1 2025, up 105% year over year and up 33% from the previous quarter. Life solutions was the largest line at 82% of revenue. Life solutions added $15.0M year over year (up 71%), 66% of the total change.
Gross margin was 83.9%, down 3.4 points from a year earlier. Operating profit was $21.0M, a 47.6% margin (up 37.2 points year over year). Of the extra revenue versus a year earlier, 83% reached operating profit, above the 10% margin then. Operating expenses fell 3% while revenue rose 105%. The fastest-growing cost line was Sales & marketing (+36%). Net earnings were $4.6M. The effective tax rate was 30.2%.
Operating cash flow was −$61.6M. Non-cash charges added back $4.8M of depreciation and amortization and $2.4M of share-based compensation. Working capital and other items used $74.1M. Capital expenditures of $224K exceeded it, leaving free cash flow of −$61.8M.
Questions
What was Abacus Global Management's revenue in the first quarter 2025?
Abacus Global Management (ABX) reported revenue of $44.1M for the first quarter 2025 (Q1 2025), +105% from a year earlier and +33% from the quarter before.
Was Abacus Global Management profitable in the first quarter 2025?
Operating profit was $21.0M (47.6% of revenue) and net earnings $4.6M.