---
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"
generated_at: "2026-06-02T02:36:59.090105+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Abacus Life Q1 revenue more than doubles to $21.5M; GAAP net loss $1.3M vs prior-year profit

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001814287-24-000033
- JSON: https://secwatch.observer/filing/0001814287-24-000033.json
- Plain text: https://secwatch.observer/filing/0001814287-24-000033.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarterly period ended March 31, 2024
  - Revenue: $21.5 million
  - Net income: net loss of $1.3 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1814287/000181428724000033/0001814287-24-000033-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.