Short answer
Abacus Global Management, Inc. (ABX) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $63M (up 123.7% year over year) with net income of $7M.
Q3 2025 key financials · XBRL
- Revenue
- $63M
- +123.7% YoY · +12.0% QoQ
- Net income
- $7M
- +238.1% YoY · −59.8% QoQ
- Operating margin
- 35.6%
- Gross margin
- 87.8%
- EPS (diluted)
- $0.07
- +187.5% YoY · −61.1% QoQ
Source: XBRL data from the Abacus Global Management, Inc. (ABX) Q3 2025 10-Q on SEC EDGAR. USD.
Abacus Global Management, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $62,975,156, up 123.7% YoY from $28,148,491
- Operating margin 35.6% vs 24.3% YoY
- Life Solutions revenue $54,122,577, up 93.1% YoY, best-performing segment
- Average realized gain per policy 36.6% vs 19.0% YoY
- $90.0M equity raise and $100.0M debt facility expanded policy-acquisition capacity
Risk Factors
- Newly added counterparty risk: Lapetus shutdown announced August 31, 2025, ending future expectancy-report purchases
- Most material valuation risk: Lapetus supplied 34% of expectancy reports purchased during six months ended June 30, 2025
- Regulatory risk: broader regulation of currently unregulated medical-underwriting firms could impair life-expectancy assessments
- Operational risk: longer insured lifespans could delay policy returns and reduce performance versus investment objectives
- Financial risk: term-policy survival beyond stated maturity may yield only cash surrender value rather than face value
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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