earnings
confidence high
sentiment positive
materiality 0.80
Abacus Q2 revenue $73M (+30% YoY), adjusted EPS $0.28 beats guidance; raises $544M in longevity funds
Abacus Global Management, Inc.
- Q2 total revenue $73.0M (+30% YoY); GAAP net income $6.6M (-63% YoY) on strategic expenses; adjusted net income $27.1M (+24% YoY).
- Adjusted EPS $0.28 (+22% YoY) exceeded high end of guidance; Q3 guidance $0.26-$0.28, FY $1.00-$1.05.
- First-half 2026 longevity fund inflows $544.2M, surpassing $500M target; launched ABX Longevity Growth and Income Fund (ABXGX) post-quarter.
- Completed $53M minority investment in Manning & Napier; began tokenizing in-force life insurance policies.
- Operating cash flow YTD $130.9M vs $14.5M prior year; cash $23.4M, debt $330.6M.