Filing Flows › Abacus Global Management (ABX) › Q2 2025
Abacus Global Management (ABX) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Abacus Global Management (ABX) reported revenue of $56.2M for the second quarter 2025 (Q2 2025), +93% from a year earlier and +27% from the quarter before. Operating margin was 40.1%, net earnings $17.6M (31.3% of revenue).
Abacus Global Management, Q2 2025: revenue $56.2M (+93% year over year), operating margin 40.1%, net earnings $17.6M, operating cash flow $76.1M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $56.2M | +27% | +93% |
| Gross profit | $50.2M | +35% | +91% |
| Operating profit | $22.5M | +7% | +233% |
| Net earnings | $17.6M | +279% | 23× |
| Operating cash flow | $76.1M | — | — |
| Free cash flow | $75.7M | — | — |
What changed
Revenue was $56.2M in Q2 2025, up 93% year over year and up 27% from the previous quarter. Life solutions was the largest line at 84% of revenue. Life solutions added $18.4M year over year (up 64%), 68% of the total change.
Gross margin was 89.2%, down 1.3 points from a year earlier. Operating profit was $22.5M, a 40.1% margin (up 16.8 points year over year). Of the extra revenue versus a year earlier, 58% reached operating profit, above the 23% margin then. Operating expenses grew 41% against revenue growth of 93%. The fastest-growing cost line was Other operating costs (+122%). Net earnings were $17.6M, up 2184% year over year. The effective tax rate was 18.8%.
Operating cash flow was $76.1M, 432% of net earnings. Non-cash charges added back $5.2M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $49.8M. Capital expenditures of $423K left free cash flow of $75.7M.
Questions
What was Abacus Global Management's revenue in the second quarter 2025?
Abacus Global Management (ABX) reported revenue of $56.2M for the second quarter 2025 (Q2 2025), +93% from a year earlier and +27% from the quarter before.
Was Abacus Global Management profitable in the second quarter 2025?
Operating profit was $22.5M (40.1% of revenue) and net earnings $17.6M.