v3.25.3
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Total revenues $ 62,975,156 $ 28,148,491 $ 163,339,122 $ 78,711,777
COST OF REVENUES (excluding depreciation and amortization stated below):        
Cost of revenue (including stock-based compensation) 7,655,698 2,187,981 20,818,749 7,652,412
Gross Profit 55,319,458 25,960,510 142,520,373 71,059,365
OPERATING EXPENSES:        
Sales and marketing 3,799,884 2,169,197 9,683,599 6,651,942
General and administrative (including stock-based compensation) 24,706,314 15,489,503 55,896,429 41,396,346
(Gain) loss on change in fair value of debt 0 124,237 (3,362,103) 4,036,327
Unrealized gain on equity securities, at fair value 0 (417,677) 0 (1,220,161)
Realized gain on equity securities, at fair value 0 0 0 (856,744)
Depreciation and amortization expense 4,400,082 1,745,279 14,342,711 5,177,785
Total operating expenses 32,906,280 19,110,539 76,560,636 55,185,495
Operating Income 22,413,178 6,849,971 65,959,737 15,873,870
OTHER INCOME (EXPENSE):        
Loss on change in fair value of warrant liability (1,081,193) (8,766,500) (1,704,193) (8,487,040)
Interest expense (9,738,472) (4,218,314) (28,108,947) (12,417,946)
Interest income 803,648 609,496 2,990,927 1,670,828
Other (expense) income (629,127) (9,832) 2,044,521 132,610
Total other income (expense) (10,645,144) (12,385,150) (24,777,692) (19,101,548)
Net income (loss) before provision for income taxes 11,768,034 (5,535,179) 41,182,045 (3,227,678)
Income tax expense (benefit) 4,692,686 (250,368) 11,096,742 2,680,855
NET INCOME (LOSS) 7,075,348 (5,284,811) 30,085,303 (5,908,533)
LESS: NET (LOSS) INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 0 (159,756) 786,683 (204,716)
NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 7,075,348 $ (5,125,055) $ 29,298,620 $ (5,703,817)
EARNINGS (LOSS) PER SHARE:        
Earnings (loss) per share - basic (in dollars per share) $ 0.07 $ (0.07) $ 0.30 $ (0.09)
Earnings (loss) per share - diluted (in dollars per share) $ 0.07 $ (0.07) $ 0.30 $ (0.09)
Weighted-average stock outstanding - basic (in shares) 95,956,504 74,694,319 95,612,432 66,984,401
Weighted-average stock outstanding - diluted (in shares) 96,651,911 74,694,319 96,962,810 66,984,401
NET INCOME (LOSS) $ 7,075,348 $ (5,284,811) $ 30,085,303 $ (5,908,533)
Other comprehensive income (loss), net of tax or tax benefit:        
Change in fair value of debt (risk adjusted) 0 (53,656) 0 (111,835)
Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff 0 11,079 0 11,079
Comprehensive income (loss) before non-controlling interests 7,075,348 (5,327,388) 30,085,303 (6,009,289)
Net and comprehensive (loss) income attributable to non-controlling interests 0 (170,730) 786,683 (229,820)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. 7,075,348 (5,156,658) 29,298,620 (5,779,469)
Asset management | Related Party        
REVENUES:        
Total revenues 7,575,553 56,539 21,995,024 362,394
Asset management | Nonrelated Party        
REVENUES:        
Total revenues 1,058,250 59,847 3,173,732 176,815
Life solutions        
REVENUES:        
Total revenues 54,122,577 28,032,105 137,722,078 78,172,568
Life solutions | Related Party        
REVENUES:        
Total revenues 8,585,697 0 25,662,314 0
Life solutions | Nonrelated Party        
REVENUES:        
Total revenues 45,536,880 28,032,105 112,059,764 78,172,568
Technology services        
REVENUES:        
Total revenues $ 218,776 $ 0 $ 448,288 $ 0

Source

10-Q XBRL Zip