← Abacus Global Management, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Net Income (Loss) Attributable to Parent | ($451k) |
$15.8m
+3615.13%
|
($644k)
-104.06%
|
$9.5m
+1578.74%
|
($24.0m)
-351.78%
|
$36.5m
+252.44%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $15.8m | ($644k) | $9.0m | ($24.9m) | $37.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | ($482k) | ($957k) | $787k | — | |
| Depreciation, Depletion and Amortization | — | $19k | $4k | $3.4m | $7.9m | $18.6m | $17.8m | |
| Amortization of Debt Issuance Costs | — | — | $0 | $44k | $936k | $2.4m | — | |
| Amortization of Intangible Assets | — | — | — | $3.4m | $7.7m | $17.3m | — | |
| Depreciation | — | $19k | $4k | $63k | $162k | $359k | $17.8m | |
| Amortization Cash Flow | — | $13k | $80k | — | — | — | — | |
| Amortization Of Intangibles | — | $13k | $80k | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | $4k | $3.4m | $7.9m | $18.6m | $17.8m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | $566k | $6.0m | $825k | ($3.3m) | |
| Deferred income taxes | — | — | $890k | $467k | $6.0m | $825k | ($3.3m) | |
| Deferred Tax | — | — | $890k | $467k | $6.0m | $825k | ($3.3m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $0 | $0 | $10.8m | $43.4m | $15.5m | $19.5m | |
| Stock-based compensation | — | — | $0 | $10.8m | $43.4m | $15.5m | $19.5m | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | $0 | $0 | $500k | — | |
| Impairment of other investment | — | — | — | — | $0 | $500k | — | |
| Asset Impairment Charge | — | — | — | — | $0 | $500k | $500k | |
| Nonoperating Income (Expense) | — | $17.2m | $11.1m | ($13.6m) | ($18.5m) | ($36.0m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | ($146k) | $38k | $626k | — | |
| Changes in operating assets and liabilities: | ||||||||
| Change In Working Capital | — | — | ($18.0m) | ($69.7m) | ($193.5m) | ($51.0m) | $39.8m | |
| Increase (Decrease) in Accounts Receivable | — | — | — | $2.1m | $13.2m | $799k | ($10.7m) | |
| Accounts receivable | — | — | ($10k) | ($2.1m) | ($13.2m) | ($799k) | ($10.7m) | |
| Accounts receivable, related party | — | — | ($131k) | $125k | $266k | ($5.6m) | ($10.7m) | |
| Change In Receivables | — | — | ($141k) | ($2.0m) | ($15.6m) | ($3.3m) | ($10.7m) | |
| Changes In Account Receivables | — | — | ($141k) | ($2.0m) | ($12.9m) | ($6.4m) | ($10.7m) | |
| Increase (Decrease) in Accounts Payable | — | — | — | ($40k) | $0 | — | — | |
| Change In Payables And Accrued Expense | — | — | $948k | $3.6m | $2.2m | $8.8m | $9.0m | |
| Accrued expenses | $141k | $3k | $9.1m | $3.8m | $803k | $3.9m | $5.7m | |
| Accrued transaction costs | — | — | $908k | ($908k) | $483k | $1.9m | — | |
| Change In Accrued Expense | — | — | $908k | $2.9m | $1.3m | $5.8m | $5.7m | |
| Increase (Decrease) in Other Operating Assets | — | — | — | $522k | $537k | ($116k) | — | |
| Prepaid expenses and other current assets | — | — | ($92k) | ($63k) | ($362k) | ($948k) | — | |
| Other assets | — | — | ($1.9m) | ($522k) | ($537k) | $116k | — | |
| Other current liabilities | — | — | $22k | $3.4m | $3.9m | ($4.3m) | ($475k) | |
| Change In Other Current Assets | — | — | ($18.7m) | ($74.2m) | ($185.6m) | ($48.9m) | $38.2m | |
| Net Cash Provided by (Used in) Operating Activities | ($570k) |
($1.2m)
-116.88%
|
($2.6m)
-110.45%
|
($64.5m)
-2379.48%
|
($208.8m)
-223.62%
|
($25.7m)
+87.70%
|
$127.6m
+596.86%
|
|
| Cash flows from investing activities: | ||||||||
| Payments to Acquire Property, Plant, and Equipment | — | — | $0 | $190k | $786k | $931k | ($1.6m) | |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Not Previously Recorded | — | — | — | — | — | $1.2m | — | |
| Unrealized Gain (Loss) on Investments | — | — | $1.0m | $1.4m | $0 | $204k | $68k | |
| Unrealized gain on other investments | — | — | $1.0m | ($1.4m) | $0 | ($204k) | — | |
| Purchase of other investments | — | — | ($50k) | ($350k) | ($200k) | ($11.7m) | — | |
| Non-cash investment in other investments | — | — | — | — | $0 | $5.0m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | $0 | $2.4m | $1.6m | ($1.6m) | |
| Net Other Investing Changes | — | — | ($2.9m) | $2.8m | ($520k) | ($7.0m) | ($7.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($345.0m) | — | $246.5m | $2.2m | ($5.0m) | ($23.3m) | ($20.5m) | |
| Cash flows from financing activities: | ||||||||
| Repayments of Long-term Debt | — | — | — | $26.2m | — | — | ($91.8m) | |
| Gain (Loss) on Extinguishment of Debt | — | — | $91k | ($2.1m) | $0 | ($3.4m) | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $50.0m | $60.6m | |
| Loss (Gain) on change in fair value of debt | — | — | $91k | $2.4m | $4.8m | ($3.4m) | — | |
| Issuance of long term debt | — | — | $30.0m | $124.7m | $198.5m | $50.0m | — | |
| Issuance of long term-debt, at fair value | — | — | — | — | $73.5m | $26.0m | — | |
| Repayment of debt | — | — | $0 | ($26.2m) | ($32.2m) | ($1.1m) | ($91.8m) | |
| Repayment of debt, at fair value | — | — | — | — | ($4.0m) | ($51.2m) | ($91.8m) | |
| Non-cash issuance of debt in connection with business acquisition | — | — | — | $0 | $72.7m | $2.0m | — | |
| Issuance Of Debt | — | — | $30.0m | $124.2m | $198.5m | $76.0m | $60.6m | |
| Long Term Debt Issuance | — | — | $30.0m | $124.2m | $198.5m | $76.0m | $60.6m | |
| Long Term Debt Payments | — | — | $0 | ($26.2m) | ($32.2m) | ($52.4m) | ($91.8m) | |
| Net Issuance Payments Of Debt | — | — | $30.0m | $97.9m | $166.2m | $23.7m | ($31.2m) | |
| Net Long Term Debt Issuance | — | — | $30.0m | $97.9m | $166.2m | $23.7m | ($31.2m) | |
| Payments for Repurchase of Common Stock | — | — | $0 | $1.3m | $10.7m | $43.8m | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $20 | ($19.9m) | |
| Proceeds from Issuance of Common Stock | $25k | — | — | $0 | $181.7m | $0 | $0 | |
| Common stock issuance | $25k | — | $0 | $0 | $181.7m | $0 | $0 | |
| Common stock issuance transaction costs | — | — | — | $0 | ($14.8m) | ($3.5m) | $0 | |
| Repurchase of common stock | — | — | $0 | ($1.3m) | ($10.7m) | ($43.8m) | — | |
| Non-cash issuance of common stock in connection with business acquisition | — | — | — | — | $77.5m | $1.6m | — | |
| Common Stock Dividend Paid | — | ($358k) | ($659k) | — | $0 | ($19.6m) | ($19.6m) | |
| Common Stock Payments | — | — | ($6.4m) | ($24.8m) | ($10.7m) | ($43.8m) | ($58.2m) | |
| Issuance Of Capital Stock | — | — | $0 | $972k | $181.7m | $0 | $0 | |
| Net Common Stock Issuance | — | — | ($6.4m) | ($23.8m) | $171.0m | ($43.8m) | ($58.2m) | |
| Repurchase Of Capital Stock | — | — | ($6.4m) | ($24.8m) | ($10.7m) | ($43.8m) | ($58.2m) | |
| Dividends Payable, Current | — | — | — | — | $0 | — | — | |
| Payment of Series A Convertible Preferred dividend | — | — | — | — | $0 | ($288k) | — | |
| Payment of Common dividend | — | — | — | — | $0 | ($19.6m) | — | |
| Cash Dividends Paid | — | ($358k) | ($659k) | — | $0 | ($19.8m) | ($19.9m) | |
| Preferred Stock Dividend Paid | — | — | — | — | $0 | ($288k) | ($381k) | |
| Net Other Financing Charges | — | — | ($667k) | ($16.8m) | ($23.9m) | ($4.9m) | ($4.3m) | |
| Net cash (used in) provided by financing activities | $346.2m |
$1.5m
-99.57%
|
($244.7m)
-16410.86%
|
$57.8m
+123.63%
|
$320.1m
+453.68%
|
($44.9m)
-114.02%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | $1.5m |
($244.7m)
-16410.86%
|
$57.8m
+123.63%
|
$320.1m
+453.68%
|
($44.9m)
-114.02%
|
($113.7m)
-153.33%
|
|
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | $590k | $263k | ($767k) | ($4.5m) | $106.4m | ($93.8m) | ||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $590k | $263k | ($767k) | ($4.5m) | $106.4m | ($93.8m) | $37.2m | |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | $30.1m | $25.6m | $131.9m | $38.1m | ||||
| Beginning Cash Position | — | — | $102k | $30.1m | $25.6m | $131.9m | $43.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $25.6m | $131.9m | $38.1m | $37.2m | |
| Contract liabilities, deposits on pending settlement | — | — | $0 | ($474k) | $2.0m | ($2.3m) | — | |
| Additional Supplementary Disclosures | ||||||||
| Additional Supplementary Disclosures | ||||||||
| Distributions paid to shareholders | — | — | — | — | — | $19.6m | — | |
| Supplemental disclosure of cash flow information: | ||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $0 | $4.0m | $11.6m | $34.0m | — | |
| Income Taxes Paid, Net | — | — | $0 | $150k | $2.1m | $9.2m | — | |
| Additional Financial Items | ||||||||
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | ($1.4m) | $2.3m | $0 | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | ($1.4m) | ($238k) | $0 | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | $91k | ($2.4m) | ($4.8m) | ($3.4m) | — | |
| General and Administrative Expense | — | — | — | $26.5m | $81.7m | $87.8m | — | |
| Goodwill | — | — | — | $140.3m | $238.3m | $252.8m | $500k | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | ($1.4m) | ($11.7m) | — | — | — | — | |
| Income Tax Expense (Benefit) | — | — | $52k | $1.5m | $5.5m | $15.4m | — | |
| Insurance Services Revenue | — | — | — | $61.2m | $102.8m | — | — | |
| Interest Expense Nonoperating | — | — | — | — | $18.3m | $38.8m | — | |
| Interest Income Operating Paid In Kind | — | — | $0 | ($4.0m) | $11.6m | $385k | — | |
| Investment Income, Interest | — | — | — | $595k | $2.4m | $3.9m | — | |
| Operating Expenses | — | — | — | $35.8m | $101.4m | $117.6m | — | |
| Payments of Financing Costs | — | — | — | $5.5m | $7.5m | $1.5m | — | |
| Proceeds from Contributions from Affiliates | — | — | — | $442k | — | — | — | |
| Allowance for credit losses | — | — | — | — | $0 | $1.2m | — | |
| Unrealized loss on equity securities, at fair value | — | — | — | ($1.4m) | $238k | $0 | — | |
| Non-cash gain on policy trades | — | — | — | $0 | ($6.4m) | $0 | — | |
| Unrealized gain on policies, at fair value | — | — | ($5.7m) | ($27.9m) | ($53.8m) | ($49.3m) | — | |
| Loss on change in fair value of warrant liability | — | ($15.9m) | ($9.3m) | $4.2m | $2.7m | $1.7m | — | |
| Non-cash interest income | — | — | — | — | ($100k) | ($385k) | — | |
| Non-cash interest expense | — | — | $0 | $2.2m | $3.5m | $1.7m | — | |
| Non-cash lease expense | — | — | $383 | $18k | $352k | $423k | — | |
| Non-cash other income | — | — | $0 | ($106k) | ($100k) | ($1.8m) | — | |
| Equity securities, at fair value | — | — | $0 | ($89k) | $2.2m | $0 | — | |
| Management and performance fee receivable, related party | — | — | — | $0 | ($467k) | $1.4m | — | |
| Income tax payable | — | — | $52k | $752k | ($752k) | $3.0m | — | |
| Income tax receivable | — | — | — | $0 | ($2.2m) | $1.7m | — | |
| Retrocession fees payable | — | — | — | $0 | $1.7m | ($45k) | — | |
| Net change in life settlement policies, at fair value | — | — | ($8.1m) | ($80.6m) | ($187.9m) | ($49.2m) | — | |
| Net change in life settlement policies, at cost | — | — | ($8.7m) | $7.0m | $613k | $166k | — | |
| Origination of note receivable | — | — | — | — | $0 | ($7.0m) | — | |
| Acquisition of businesses, net of cash acquired | — | — | — | $0 | ($2.4m) | ($1.6m) | — | |
| Purchase of intangible assets | — | — | — | $0 | ($19k) | $0 | — | |
| Purchase of available for sale securities | — | — | ($750k) | $0 | ($1.0m) | ($2.0m) | — | |
| Change in due from affiliates | — | — | ($2.9m) | $2.8m | ($520k) | $0 | — | |
| Payment of discounts and financing costs | ($865k) | — | $0 | ($5.5m) | ($7.5m) | ($1.5m) | — | |
| Transaction costs | — | — | $0 | ($11.4m) | ($483k) | $0 | — | |
| Due to affiliates | — | — | ($7.1m) | ($23.8m) | ($1.2m) | $0 | — | |
| Warrant conversions | — | — | — | $0 | $6.9m | $11.0m | — | |
| Non-cash sale of life settlement policies, at fair value | — | — | — | $0 | $25.0m | $0 | — | |
| Non-cash purchase of life settlement policies, at fair value | — | — | — | $0 | $25.0m | $0 | — | |
| Non-cash consideration for business acquisition | — | — | — | — | $0 | $9.3m | — | |
| Non-cash issuance of series A convertible preferred stock | — | — | — | $0 | $77.5m | $5.0m | — | |
| Cash Flow From Continuing Financing Activities | — | — | $23.0m | $57.3m | $320.1m | ($44.9m) | ($113.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | ($3.7m) | $2.2m | ($5.0m) | ($23.3m) | ($20.5m) | |
| Change In Account Payable | — | $0 | $40k | ($40k) | $0 | — | — | |
| Change In Cash Supplemental As Reported | — | — | $30.0m | ($4.5m) | $106.4m | ($93.8m) | — | |
| Change In Other Working Capital | — | — | ($1.4m) | ($474k) | $2.0m | ($2.3m) | $166k | |
| Change In Payable | — | — | $40k | $712k | $923k | $3.0m | $9.0m | |
| Change In Prepaid Assets | — | — | ($92k) | ($63k) | ($362k) | ($948k) | ($2.2m) | |
| Change In Tax Payable | — | — | $0 | $752k | ($752k) | $3.0m | $9.1m | |
| Changes In Cash | — | — | $30.0m | ($4.5m) | $106.4m | ($93.8m) | ($6.6m) | |
| End Cash Position | — | — | $30.1m | $25.6m | $131.9m | $38.1m | $37.2m | |
| Financing Cash Flow | — | — | $23.0m |
$57.3m
+149.71%
|
$320.1m
+458.30%
|
($44.9m)
-114.02%
|
($113.7m)
-153.33%
|
|
| Free Cash Flow | — | — | $10.7m | ($64.2m) | ($209.6m) | ($26.6m) | $126.0m | |
| Gain Loss On Investment Securities | — | — | — | $4.2m | $2.7m | $1.7m | $1.7m | |
| Investing Cash Flow | — | — | ($3.7m) | $2.2m | ($5.0m) | ($23.3m) | ($20.5m) | |
| Net Business Purchase And Sale | — | ($15k) | — | $0 | ($2.4m) | ($1.6m) | ($1.6m) | |
| Net Intangibles Purchase And Sale | — | — | ($15k) | $0 | ($19k) | $0 | ($733k) | |
| Net Investment Purchase And Sale | — | — | ($800k) | ($350k) | ($1.2m) | ($13.7m) | ($10.2m) | |
| Net PPE Purchase And Sale | — | — | $0 | ($190k) | ($786k) | ($931k) | ($841k) | |
| Operating Gains Losses | — | — | — | $6.3m | $2.7m | $1.7m | $1.7m | |
| Other Non Cash Items | — | — | ($5.7m) | ($22.9m) | ($50.7m) | ($50.2m) | — | |
| Proceeds From Stock Option Exercised | — | — | — | $0 | $6.9m | $0 | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | $0 | $1.2m | $1.2m | |
| Purchase Of Business | — | — | — | $0 | ($2.4m) | ($1.6m) | ($1.6m) | |
| Purchase Of Intangibles | — | — | ($15k) | $0 | ($19k) | $0 | ($733k) | |
| Purchase Of Investment | — | — | ($800k) | ($350k) | ($1.2m) | ($13.7m) | ($10.2m) | |
| Purchase Of PPE | — | — | $0 | ($190k) | ($786k) | ($931k) | ($1.6m) | |
| Unrealized Gain Loss On Investment Securities | — | — | $1.0m | ($1.4m) | $238k | ($204k) | $68k |