Abacus Life Q2 revenue doubles to $29.1M; announces two acquisitions adding ~$2.6B AUM

Abacus Global Management, Inc.

2024-Q2 EPS reported -$0.01 revenue$50,563,286

Total revenue $29.1M (up >100% YoY); GAAP net income $0.8M vs $6.8M; adjusted net income $11.8M (+75%).
Adjusted EBITDA $16.7M (83% YoY growth); originations capital deployed $104.7M (up 75%).
Post-quarter: entered agreement to acquire Carlisle Management (~$2B AUM) and FCF Advisors (~$600M AUM).
Completed public equity offering with ~$90M gross proceeds in Q2; stock repurchased ~1.0M shares at avg $11.43.
Cash and equivalents $91.3M; balance sheet policy assets $208.7M; debt $81.6M; ROIC 18%, ROE 18%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.