earnings
confidence high
sentiment positive
materiality 0.75
Abacus Life Q3 rev $28.1M (+33%), adj net income $14.9M (+65%); M&A on track
Abacus Global Management, Inc.
2024-Q3 EPS reported
-$0.09
revenue$78,711,777
- Total revenue $28.1M (+33% YoY); GAAP net loss $5.1M due to non-cash warrant liability of $7.8M.
- Adjusted net income $14.9M (+65% YoY); adjusted diluted EPS $0.20 vs $0.14.
- Adjusted EBITDA $16.7M (+54% YoY); margin 59.2% vs 51.1%.
- Origination capital deployed $93.2M (+65% YoY); policy originations 278 (+54% YoY).
- Acquisitions of Carlisle Management and FCF Advisors (~$2.6B AUM) expected to close by end of Q4 2024.