Abacus Global Management
Builds life-settlement, asset-management, and actuarial-data services around longevity assets.
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Profile
Buys and manages life-settlement policies, runs longevity-based asset-management strategies, and sells mortality-verification and related technology services. Life Solutions remains the core engine, while acquisitions in fund management, free-cash-flow strategies, and insurance brokerage are expanding the platform toward fee-based channels.
Operates through Asset Management, Life Solutions, and Technology Services. Life Solutions buys, sells, trades, holds, and originates life-insurance policy settlements, while Asset Management serves institutional investors and private clients in longevity-based assets, fixed-income replacement strategies, and free-cash-flow investment solutions.
Adds distribution through AccuQuote insurance brokerage and wealth/advisory channels, with technology services covering mortality verification, missing-participant verification, and other life-insurance-market contracts. The footprint is concentrated in the U.S., while the Carlisle acquisition adds Luxembourg-based fund-management reach.
Execution centers on policy sourcing, actuarial data, servicing, and converting an origination-heavy model into more recurring fees. The business depends on life-settlement supply, regulated origination channels, mortality data, and demand for fee-bearing assets and technology contracts.
Company facts
Categories
Key statistics
Year to date +22.9% · Average volume (30d) 544.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 13, 2026 | Piper Sandler | Reiterate | Neutral | $10 | $13 | |
| May 8, 2026 | Piper Sandler | Reiterate | Neutral | $9 | $10 | |
| Mar 13, 2026 | Piper Sandler | Downgrade | Overweight | Neutral | ||
| Dec 23, 2025 | UBS | Target | $11 | |||
| Oct 9, 2025 | Piper Sandler | Reiterate | Overweight | $12 | $9 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.24 | $0.28 | +16.7% | $66.2M | $73.0M | +10.4% | −8.46% |
| May 7, 2026Q1 FY26 | $0.21 | $0.20 | −4.8% | $64.2M | $59.4M | −7.5% | −3.20% |
| Mar 12, 2026Q4 FY25 | $0.20 | $0.23 | +15.0% | $55.4M | $71.9M | +29.8% | −0.51% |
| Nov 6, 2025Q3 FY25 | $0.18 | $0.20 | +11.1% | $55.8M | $63.0M | +12.9% | +22.16% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $44.1M | $56.2M | $63.0M | $71.9M | $59.4M | $73.0M | |
| Gross profit | $37.0M | $50.2M | $55.3M | $26.6M | $45.2M | $56.0M | |
| Operating income | $21.0M | $22.5M | $22.4M | $21.1M | $18.3M | $21.5M | |
| Net income | $4.6M | $17.6M | $7.1M | $7.2M | $7.3M | $6.6M | |
| Diluted EPS | $0.05 | $0.18 | $0.07 | $0.07 | $0.07 | $0.07 | |
| Gross margin | 83.9% | 89.2% | 87.8% | 37.1% | 76.1% | 76.7% | |
| Operating margin | 47.6% | 40.1% | 35.6% | 29.3% | 30.9% | 29.4% |
Fiscal years (4-quarter sums)FY21 $1.2M · FY22 $22.5M · FY23 $66.5M · FY24 $111.9M · FY25 $235.2M
Revenue by product · Q1 FY26
Revenue by geography · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $23.4M · Total debt $344.3M · Total assets $867.7M · Shareholders' equity $439.7M
Dividends
To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Dec 2, 2025 | Dec 2 | Dec 17 | $0.20 |
Ownership
Shares outstanding 95.92M · Float 32.67M · 34.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| McNealy Sean · 10 percent owner | 12.70M | 13.24% | Form 4 | Aug 5, 2026 |
| Kirby Kevin Scott · 10 percent owner | 12.70M | 13.24% | Form 4 | Aug 5, 2026 |
| Jay J. Jackson · director, 10 percent owner, officer: Chief Executive Officer | 10.40M | 10.84% | Form 4 | Aug 14, 2026 |
| Ganovsky Matthew · 10 percent owner | 8.76M | 9.13% | Form 4 | Aug 5, 2026 |
| William Hugh JR McCauley · officer: COO and CFO | 915.3K | 0.95% | Form 4 | Aug 21, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 20, 2026 | William Hugh JR McCauley | officer: COO and CFO | −125,000 | $9.10 |
| Aug 12, 2026 | Jay J. Jackson | director, 10 percent owner, officer: Chief Executive Officer | −196,000 | $8.77 |
| Aug 3, 2026 | Matthew Ganovsky | 10 percent owner | −38,333 | $10.31 |
| Aug 3, 2026 | Kevin Scott Kirby | 10 percent owner | −38,334 | $10.31 |
| Aug 3, 2026 | Sean McNealy | 10 percent owner | −38,333 | $10.31 |
Peers
- SelectQuote
Life and senior insurance quote platform with licensed-agent distribution
- Apollo Global Management
Alternative manager with Athene-backed retirement and insurance scale
- Ares Management
Alternative credit and insurance-solutions platform with ABF scale
- KKR
Alternative manager with Global Atlantic life and retirement platform
- Blackstone
Large alternative manager competing in credit, insurance, and wealth
- MediaAlpha
Programmatic insurance customer-acquisition marketplace
- EverQuote
Online insurance marketplace competing for high-intent shoppers
- TransUnion
Mortality and identity data products for insurers and administrators
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Abacus Global Management | $9.74 | +0.05% | $934.3M | 34.1 | 8.7 | 3.5 | +29.9% |
| SelectQuote | $0.5202 | −0.36% | $91.7M | — | — | 0.1 | −6.8% |
| Apollo Global Management | $135.48 | +0.35% | $77.78B | 30.2 | 13.8 | 2.2 | +63.7% |
| Ares Management | $142.53 | +0.04% | $46.81B | 59.1 | 21.9 | 7.3 | +5.8% |
| KKR | $108.40 | −0.21% | $97.58B | 34.2 | 16.3 | 4.6 | −44.8% |
| Blackstone | $142.86 | +0.35% | $171.97B | 31.6 | 22.2 | 10.7 | +2.4% |
| MediaAlpha | $12.85 | 0.00% | $680.7M | 7.9 | 11.8 | 0.6 | +25.9% |
| EverQuote | $25.66 | 0.00% | $904.3M | 8.4 | 11.6 | 1.2 | +24.6% |
| TransUnion | $84.99 | −0.81% | $16.41B | 22.6 | 16.6 | 3.4 | +14.9% |
| Median | 30.2 | 16.3 | 2.8 | +10.4% |