earnings
confidence high
sentiment positive
materiality 0.80
Abacus Q4 revenue $33.2M (+40% YoY); FY adj net income $46.5M; sees 2025 adj NI $70-78M
Abacus Global Management, Inc.
- Q4 total revenue $33.2M (+40% YoY); policy originations 214, capital deployment $96.6M (+41% vs $68.3M prior year).
- Full-year total revenue $111.9M (+69% YoY); originations 1,034 (+63%); capital deployment $327.8M (+50%).
- GAAP net loss: Q4 $18.3M (vs loss $6.2M), FY $24.0M (vs income $9.5M); driven by non-cash stock comp and acquisition costs.
- Adjusted net income: Q4 $13.4M (more than double $5.9M), FY $46.5M (+58%); adjusted EBITDA FY $61.6M (+57%).
- FY2025 outlook: adjusted net income $70M-$78M, implying 51%-68% growth vs FY2024 adjusted net income $46.5M.