{"schema_version":"secwatch.filing_event.v1","accession":"0001814287-24-000033","form_type":"8-K","ticker":"ABX","cik":"0001814287","company_name":"Abacus Global Management, Inc.","filed_at":"2024-05-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.296943+00:00","generated_at":"2026-06-02T02:36:59.090105+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Abacus Life Q1 revenue more than doubles to $21.5M; GAAP net loss $1.3M vs prior-year profit","bullets":["Total revenue $21.5M, up 109% YoY from $10.3M, driven by active management and direct-to-consumer growth.","GAAP net loss attributable to shareholders $1.3M vs net income $8.1M; adjusted net income $6.7M vs $7.6M.","Adjusted EBITDA $11.6M (+38.1% YoY), margin 53.9% vs 81.4% prior year.","Originations capital deployment $33.3M; policy originations up 6% to 119.","Repurchased 966k shares at avg $11.41; $4M remaining under $15M buyback program."],"urls":{"canonical":"https://secwatch.observer/filing/0001814287-24-000033","json":"https://secwatch.observer/filing/0001814287-24-000033.json","markdown":"https://secwatch.observer/filing/0001814287-24-000033.md","text":"https://secwatch.observer/filing/0001814287-24-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1814287/000181428724000033/0001814287-24-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1814287/000181428724000033/abl-20240513.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T02:36:59.090105+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b3802532cdef797c76d7602bea99c77ec258fd49","claim":"Abacus Global Management, Inc. reported the quarterly period ended March 31, 2024 results: revenue $21.5 million, net income net loss of $1.3 million.","evidence_excerpt":"Total revenue for the first quarter of 2024 more than doubled to $21.5 million, compared to $10.3 million in the prior-year period. The increase was primarily driven by higher active management revenue, increased capital deployed and more policies sold directly to third parties. o Total revenue from portfolio servicing segment for the first quarter of 2024 was $0.2 million, compared to $0.3 million in the prior-year period. - Originations capital deployment for the first quarter of 2024 were $33.3 million, compared to $34.4 million in the prior-year period; number of policy originations for the first quarter of 2024 grew 6% to 119, compared to 112 in the prior-year period. - GAAP net loss attributable to shareholders for the first quarter of 2024 was $1.3 million, compared to GAAP net income attributable to shareholders of $8.1 million in the prior-year period","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1814287/000181428724000033/0001814287-24-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarterly period ended March 31, 2024"},{"label":"Revenue","value":"$21.5 million"},{"label":"Net income","value":"net loss of $1.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}