v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
REVENUES:    
Total revenues $ 235,237,636 $ 111,923,786
COST OF REVENUES (excluding depreciation and amortization stated below):    
Cost of revenue (including stock-based compensation) 28,858,034 11,371,733
Gross Profit 206,379,602 100,552,053
OPERATING EXPENSES:    
Sales and marketing 14,582,253 9,063,384
General and administrative (including stock-based compensation) 87,796,971 81,734,518
(Gain) loss on change in fair value of debt (3,362,103) 4,835,351
Unrealized loss on equity securities, at fair value 0 238,012
Realized gain on equity securities, at fair value 0 (2,341,066)
Depreciation and amortization expense 18,605,114 7,910,158
Total operating expenses 117,622,235 101,440,357
Operating Income (LOSS) 88,757,367 (888,304)
OTHER INCOME (EXPENSE):    
Loss on change in fair value of warrant liability (1,704,193) (2,702,040)
Interest expense (38,793,937) (18,279,686)
Interest income 3,860,997 2,398,691
Other income, net 625,839 38,040
Total other expense (36,011,294) (18,544,995)
Net income (loss) before provision for income taxes 52,746,073 (19,433,299)
Income tax expense 15,434,121 5,484,738
NET INCOME (LOSS) 37,311,952 (24,918,037)
LESS: NET INCOME (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST 786,683 (956,987)
NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. $ 36,525,269 $ (23,961,050)
EARNINGS (LOSS) PER SHARE:    
Earnings (loss) per share - basic (in dollars per share) $ 0.38 $ (0.34)
Earnings (loss) per share - diluted (in dollars per share) $ 0.36 $ (0.34)
Weighted-average stock outstanding—basic (in shares) 96,141,753 70,761,830
Weighted-average stock outstanding—diluted (in shares) 99,230,950 70,761,830
Other comprehensive income (loss), net of tax or tax benefit:    
Other comprehensive loss $ 0 $ (158,579)
Reclassification of change in fair value of debt (risk adjusted) upon related debt payoff 0 11,079
Comprehensive income (loss) before non-controlling interests 37,311,952 (25,065,537)
Net and comprehensive income (loss) attributable to non-controlling interests 786,683 (996,114)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC. 36,525,269 (24,069,423)
Asset management | Nonrelated Party    
REVENUES:    
Total revenues 4,176,718 722,317
Asset management | Related Party    
REVENUES:    
Total revenues 29,668,675 2,891,333
Life solutions    
REVENUES:    
Total revenues 200,675,058 108,276,508
Life solutions | Nonrelated Party    
REVENUES:    
Total revenues 163,172,600 104,964,306
Life solutions | Related Party    
REVENUES:    
Total revenues 37,502,458 3,312,202
Technology services    
REVENUES:    
Total revenues $ 717,185 $ 33,628

Source

10-K XBRL Zip