Filing Flows › Abacus Global Management (ABX) › Q3 2025
Abacus Global Management (ABX) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
Abacus Global Management (ABX) reported revenue of $63.0M for the third quarter 2025 (Q3 2025), +124% from a year earlier and +12% from the quarter before. Operating margin was 35.6%, net earnings $7.1M (11.2% of revenue).
Abacus Global Management, Q3 2025: revenue $63.0M (+124% year over year), operating margin 35.6%, net earnings $7.1M, operating cash flow −$32.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.0M | +12% | +124% |
| Gross profit | $55.3M | +10% | +113% |
| Operating profit | $22.4M | -0.5% | +227% |
| Net earnings | $7.1M | -60% | — |
| Operating cash flow | −$32.8M | -143% | — |
What changed
Revenue was $63.0M in Q3 2025, up 124% year over year and up 12% from the previous quarter. Life solutions was the largest line at 86% of revenue. Life solutions added $26.1M year over year (up 93%), 75% of the total change.
Gross margin was 87.8%, down 4.4 points from a year earlier. Operating profit was $22.4M, a 35.6% margin (up 11.3 points year over year). Of the extra revenue versus a year earlier, 45% reached operating profit, above the 24% margin then. Operating expenses grew 72% against revenue growth of 124%. The fastest-growing cost line was Other operating costs (+203%). Net earnings were $7.1M. The effective tax rate was 39.9%.
Operating cash flow was −$32.8M. Non-cash charges added back $4.4M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $48.8M. Capital expenditures of $172K exceeded it, leaving free cash flow of −$32.9M.
Questions
What was Abacus Global Management's revenue in the third quarter 2025?
Abacus Global Management (ABX) reported revenue of $63.0M for the third quarter 2025 (Q3 2025), +124% from a year earlier and +12% from the quarter before.
Was Abacus Global Management profitable in the third quarter 2025?
Operating profit was $22.4M (35.6% of revenue) and net earnings $7.1M.