Abacus Global Management, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $235.2M | $111.9M | $66.4M | $44.7M |
| Cost of Revenue | $28.9M | $11.4M | $6.5M | $5.9M |
| Gross Profit | $206.4M | $100.6M | $59.9M | $38.8M |
| Gross Margin | 87.7% | 89.8% | 90.2% | 86.8% |
| Operating Expenses | ||||
| Research & Development | — | — | — | — |
| SG&A Expense | $87.8M | $81.7M | $26.5M | $1.4M |
| Operating Income | $88.8M | $-888.3K | $24.1M | $33.7M |
| Operating Margin | 37.7% | -0.8% | 36.3% | 75.3% |
| Interest Expense | — | — | $9.9M | $42.8K |
| Pretax Income | — | — | — | $-591.1K |
| Income Tax Expense | $15.4M | $5.5M | $1.5M | $889.9K |
| Net Income | $36.5M | $-24.0M | $9.5M | $31.7M |
| Net Margin | 15.5% | -21.4% | 14.3% | 70.9% |
| EPS (Basic) | $0.38 | $-0.34 | $0.17 | $0.63 |
| EPS (Diluted) | $0.36 | $-0.34 | $0.16 | $0.63 |
| Shares Outstanding (Basic) | 96.1M | 70.8M | 57.0M | 50.4M |
| Shares Outstanding (Diluted) | 99.2M | 70.8M | 57.8M | 50.4M |
| Dividends Per Share | — | — | — | — |