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Abacus Life (ABL) Financials

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$6.34 -0.03 (-0.39%)
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Annual Income Statements for Abacus Life

Annual Income Statements for Abacus Life

This table shows Abacus Life's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 32 9.52 -24
Consolidated Net Income / (Loss)		 32 9.03 -25
Net Income / (Loss) Continuing Operations		 34 9.03 -25
Total Pre-Tax Income 		33 11 -19
Total Revenue		 46 66 112
Net Interest Income / (Expense)		 -0.04 0.00 0.00
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 0.04 0.00 0.00
Total Non-Interest Income		 46 66 112
Service Charges on Deposit Accounts		 - 61 103
Other Non-Interest Income		 2.94 5.21 9.10
Total Non-Interest Expense		 11 42 113
Marketing Expense		 2.60 4.91 9.06
Other Operating Expenses		 7.40 35 96
Depreciation Expense		 0.00 3.41 7.91
Other Special Charges		 1.05 -1.37 0.24
Nonoperating Income / (Expense), net		 -0.35 -14 -19
Income Tax Expense		 0.89 1.47 5.48
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.70 -0.48 -0.96
Basic Earnings per Share		 $0.63 $0.17 ($0.34)
Weighted Average Basic Shares Outstanding		 50.37M 56.95M 70.76M
Diluted Earnings per Share		 $0.63 $0.16 ($0.34)
Weighted Average Diluted Shares Outstanding		 50.37M 57.77M 70.76M
Weighted Average Basic & Diluted Shares Outstanding		 - 63.69M 96.85M

Quarterly Income Statements for Abacus Life

This table shows Abacus Life's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 9.99 7.63 8.09 6.75 0.90 -6.22 -1.35 0.77 -5.13 -18 4.64
Consolidated Net Income / (Loss)		 10 7.56 7.62 6.72 1.05 -6.36 -1.28 0.65 -5.28 -19 5.40
Net Income / (Loss) Continuing Operations		 11 8.69 7.82 6.96 -0.29 -5.45 -1.06 0.79 -4.10 -21 5.40
Total Pre-Tax Income 		11 8.02 6.97 7.91 6.30 -11 -0.10 2.41 -5.54 -16 7.73
Total Revenue		 12 26 11 12 23 21 22 29 29 32 44
Net Interest Income / (Expense)		 0.00 -0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Income		 0.00 -0.00 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 0.00 0.04 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Non-Interest Income		 12 26 11 12 23 21 22 29 29 32 44
Other Non-Interest Income		 0.76 - 0.61 0.71 4.39 -0.50 1.91 2.27 2.36 2.57 44
Total Non-Interest Expense		 0.84 16 2.86 3.13 15 21 19 22 21 50 23
Marketing Expense		 0.01 - 0.73 0.68 1.70 1.79 1.93 2.55 2.17 2.41 2.62
Other Operating Expenses		 0.58 15 2.25 3.12 11 19 17 18 18 43 16
Depreciation Expense		 0.00 - 0.00 0.00 1.69 1.71 1.68 1.75 1.75 2.73 4.76
Other Special Charges		 0.25 - -0.13 -0.67 0.31 -0.88 -1.16 0.36 -0.42 1.46 -0.27
Nonoperating Income / (Expense), net		 0.04 - -0.56 -0.46 -3.54 -9.06 -2.36 -4.36 -12 0.56 -13
Income Tax Expense		 0.35 - -0.66 1.18 1.71 -0.77 1.17 1.76 -0.25 2.80 2.33
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.36 - -0.46 -0.03 0.15 -0.14 0.07 -0.12 -0.16 -0.75 0.76
Basic Earnings per Share		 $0.20 - $0.16 $0.13 $0.01 ($0.13) ($0.02) $0.01 ($0.07) ($0.26) $0.05
Weighted Average Basic Shares Outstanding		 50.37M 50.37M 50.37M 50.51M 63.35M 56.95M 63.03M 63.85M 74.69M 70.76M 96.19M
Diluted Earnings per Share		 $0.20 - $0.16 $0.13 $0.01 ($0.14) ($0.02) $0.01 ($0.07) ($0.26) $0.05
Weighted Average Diluted Shares Outstanding		 50.37M 50.37M 50.37M 50.51M 63.35M 57.77M 63.03M 67.16M 74.69M 70.76M 97.50M
Weighted Average Basic & Diluted Shares Outstanding		 18.34M 0.00 11.48M 62.96M 63.35M 63.69M 63.93M 74.65M 74.68M 96.85M 96.85M

Annual Cash Flow Statements for Abacus Life

This table details how cash moves in and out of Abacus Life's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 30 -4.46 106
Net Cash From Operating Activities		 11 -64 -209
Net Cash From Continuing Operating Activities		 11 -64 -209
Net Income / (Loss) Continuing Operations		 32 9.03 -25
Consolidated Net Income / (Loss)		 32 9.03 -25
Depreciation Expense		 0.00 3.41 7.91
Amortization Expense		 0.00 0.04 0.94
Non-Cash Adjustments to Reconcile Net Income		 -3.72 -6.80 0.79
Changes in Operating Assets and Liabilities, net		 -18 -70 -194
Net Cash From Investing Activities		 -3.70 2.24 -4.96
Net Cash From Continuing Investing Activities		 -3.70 2.24 -4.96
Purchase of Property, Leasehold Improvements and Equipment		 0.00 -0.19 -0.79
Purchase of Investment Securities		 -0.80 -0.35 -3.65
Other Investing Activities, net		 -2.90 2.78 -0.52
Net Cash From Financing Activities		 23 57 320
Net Cash From Continuing Financing Activities		 23 57 320
Issuance of Debt		 30 124 198
Issuance of Common Equity		 - 0.00 182
Repayment of Debt		 0.00 -26 -32
Repurchase of Common Equity		 0.00 -1.28 -11
Payment of Dividends		 -7.07 -24 -1.16
Other Financing Activities, Net		 0.00 -16 -16
Cash Interest Paid		 0.00 4.04 12
Cash Income Taxes Paid		 0.00 0.15 2.15

Quarterly Cash Flow Statements for Abacus Life

This table details how cash moves in and out of Abacus Life's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 1.00 26 -10 0.89 16 -11 40 26 -72 113 -88
Net Cash From Operating Activities		 -1.64 17 -17 -21 -12 -14 2.27 -67 -52 -92 -62
Net Cash From Continuing Operating Activities		 -1.64 17 -17 -21 -12 -14 2.27 -67 -52 -92 -62
Net Income / (Loss) Continuing Operations		 10 10 7.62 6.72 1.05 -6.36 -1.28 0.65 -5.28 -19 5.40
Consolidated Net Income / (Loss)		 10 10 7.62 6.72 1.05 -6.36 -1.28 0.65 -5.28 -19 5.40
Depreciation Expense		 0.00 0.00 0.00 0.00 1.69 1.71 1.68 1.75 1.75 2.73 4.76
Amortization Expense		 - - 0.00 - 0.13 -0.09 0.09 0.36 0.19 0.30 0.49
Non-Cash Adjustments to Reconcile Net Income		 -57 61 -1.02 -0.45 -4.75 -0.58 5.39 -5.93 -3.02 4.34 -71
Changes in Operating Assets and Liabilities, net		 45 -54 -24 -27 -9.99 -8.49 -3.63 -64 -46 -80 -1.74
Net Cash From Investing Activities		 -1.68 -1.77 -1.00 -6.06 9.63 -0.33 -0.01 -0.71 -0.45 -3.79 -3.74
Net Cash From Continuing Investing Activities		 -1.68 -1.77 -1.00 -6.06 9.63 -0.33 -0.01 -0.71 -0.45 -3.79 -3.74
Purchase of Property, Leasehold Improvements and Equipment		 - - 0.00 - -0.10 -0.09 -0.16 -0.19 -0.24 -0.19 -0.22
Purchase of Investment Securities		 - -0.55 -0.15 -0.15 -0.05 - -0.09 -0.11 -0.10 -3.35 -3.52
Net Cash From Financing Activities		 4.33 11 8.05 28 18 3.08 38 93 -19 208 -23
Net Cash From Continuing Financing Activities		 4.33 11 8.05 28 18 3.08 38 93 -19 208 -23
Issuance of Debt		 3.44 17 8.05 52 27 37 43 9.03 15 132 16
Repayment of Debt		 - - - - - -26 - - - - -39
Repurchase of Common Equity		 - - 0.00 - - -1.28 -7.52 -3.22 - - 0.00
Other Financing Activities, Net		 1.82 -2.50 0.00 -0.69 -8.74 -6.10 2.14 -3.19 -1.68 -13 -0.47
Cash Interest Paid		 - - 0.00 0.77 0.56 2.71 1.69 2.94 3.22 3.76 5.37
Cash Income Taxes Paid		 - - 0.00 - - 0.15 0.00 2.69 - -0.55 0.00

Annual Balance Sheets for Abacus Life

This table presents Abacus Life's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 59 332 874
Cash and Due from Banks		 30 26 132
Trading Account Securities		 1.89 3.45 2.21
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Customer and Other Receivables		 0.00 1.01 1.53
Premises and Equipment, Net		 0.02 0.40 1.03
Goodwill		 0.00 140 238
Intangible Assets		 0.00 30 80
Other Assets		 27 131 419
Total Liabilities & Shareholders' Equity		 59 332 874
Total Liabilities		 31 168 451
Interest Bearing Deposits		 0.00 0.51 2.47
Short-Term Debt		 0.04 13 38
Accrued Interest Payable		 0.96 5.22 7.14
Other Short-Term Payables		 0.31 4.57 14
Long-Term Debt		 28 127 342
Other Long-Term Liabilities		 1.39 18 46
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 28 164 423
Total Preferred & Common Equity		 27 164 424
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 27 164 424
Common Stock		 0.71 200 494
Retained Earnings		 25 -35 -58
Treasury Stock		 0.00 -1.28 -12
Accumulated Other Comprehensive Income / (Loss)		 1.05 0.11 0.00
Noncontrolling Interest		 0.90 0.14 -0.86

Quarterly Balance Sheets for Abacus Life

This table presents Abacus Life's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 100 30 277 304 377 484 477 857
Cash and Due from Banks		 1.67 0.06 21 37 65 91 19 44
Trading Account Securities		 - - 1.00 1.00 4.66 5.17 4.20 2.74
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Customer and Other Receivables		 - - 0.08 1.00 - 1.17 1.28 1.67
Premises and Equipment, Net		 - - 0.18 0.26 0.55 0.69 0.89 1.18
Goodwill		 - - 140 140 140 140 140 238
Intangible Assets		 - - 33 31 28 26 25 75
Other Assets		 0.31 0.18 82 92 138 219 287 494
Total Liabilities & Shareholders' Equity		 100 30 277 304 377 484 477 857
Total Liabilities		 30 20 117 138 211 227 219 421
Interest Bearing Deposits		 - - 0.98 0.35 0.67 1.44 0.92 0.60
Short-Term Debt		 4.92 5.58 0.40 0.00 16 46 14 118
Accrued Interest Payable		 7.94 10 1.12 0.89 2.32 2.47 5.14 3.27
Other Short-Term Payables		 - - 11 4.22 5.19 5.71 3.66 8.83
Long-Term Debt		 - - 91 119 170 151 167 238
Other Long-Term Liabilities		 17 4.15 12 14 17 20 29 52
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 98 29 - - - - - 5.00
Total Equity & Noncontrolling Interests		 -27 -20 160 166 165 257 258 431
Total Preferred & Common Equity		 -27 -20 160 166 165 257 258 431
Preferred Stock		 0.00 0.00 - - 0.00 0.00 0.00 0.00
Total Common Equity		 -27 -20 160 166 165 257 258 431
Common Stock		 0.03 0.00 189 194 210 303 310 496
Retained Earnings		 -28 -20 -29 -29 -36 -35 -40 -53
Treasury Stock		 - - - - -8.81 -12 -12 -12
Noncontrolling Interest		 - - 0.36 0.29 0.21 0.08 -0.09 -0.10

Annual Metrics And Ratios for Abacus Life

This table displays calculated financial ratios and metrics derived from Abacus Life's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 74,422,038.71% 43.91% 68.56%
EBITDA Growth		 118.64% -21.42% -71.15%
EBIT Growth		 121.88% -31.25% -103.68%
NOPAT Growth		 106.59% -36.58% -103.00%
Net Income Growth		 104.47% -72.10% -375.81%
EPS Growth		 0.00% -74.60% -312.50%
Operating Cash Flow Growth		 964.76% -698.92% -226.04%
Free Cash Flow Firm Growth		 0.00% -176.97% -120.93%
Invested Capital Growth		 -82.27% 438.44% 164.61%
Revenue Q/Q Growth		 127.42% -7.10% 16.07%
EBITDA Q/Q Growth		 18.50% -23.43% -59.18%
EBIT Q/Q Growth		 19.04% -29.43% -107.37%
NOPAT Q/Q Growth		 22.44% -28.92% -120.21%
Net Income Q/Q Growth		 23.20% -60.65% -103.03%
EPS Q/Q Growth		 0.00% 0.00% -54.55%
Operating Cash Flow Q/Q Growth		 258.75% -93.23% -59.25%
Free Cash Flow Firm Q/Q Growth		 0.00% -25.80% -232.54%
Invested Capital Q/Q Growth		 -25.25% 6.66% 83.34%
Profitability Metrics		 - - -
EBITDA Margin		 76.07% 41.53% 7.11%
EBIT Margin		 76.06% 36.33% -0.79%
Profit (Net Income) Margin		 70.19% 13.61% -22.26%
Tax Burden Percent		 97.33% 86.02% 128.22%
Interest Burden Percent		 94.82% 43.53% 2,187.69%
Effective Tax Rate		 2.67% 13.98% 0.00%
Return on Invested Capital (ROIC)		 17.47% 11.52% -0.11%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.21% -2.42% -9.45%
Return on Net Nonoperating Assets (RNNOA)		 1.31% -2.12% -8.37%
Return on Equity (ROE)		 18.78% 9.40% -8.48%
Cash Return on Invested Capital (CROIC)		 157.22% -125.83% -90.40%
Operating Return on Assets (OROA)		 17.33% 12.34% -0.15%
Return on Assets (ROA)		 15.99% 4.62% -4.13%
Return on Common Equity (ROCE)		 -0.05% 9.35% -8.50%
Return on Equity Simple (ROE_SIMPLE)		 118.85% 5.51% -5.87%
Net Operating Profit after Tax (NOPAT)		 33 21 -0.62
NOPAT Margin		 70.92% 31.25% -0.56%
Net Nonoperating Expense Percent (NNEP)		 2.26% 13.94% 9.33%
SG&A Expenses to Revenue		 5.63% 7.39% 8.10%
Operating Expenses to Revenue		 23.94% 63.67% 100.79%
Earnings before Interest and Taxes (EBIT)		 35 24 -0.89
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 35 28 7.96
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 6.84 3.73 1.38
Price to Tangible Book Value (P/TBV)		 6.84 0.00 5.51
Price to Revenue (P/Rev)		 4.04 9.22 5.22
Price to Earnings (P/E)		 5.88 64.30 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 17.00% 1.56% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 3.29 2.39 1.04
Enterprise Value to Revenue (EV/Rev)		 4.02 10.94 7.44
Enterprise Value to EBITDA (EV/EBITDA)		 5.29 26.34 104.64
Enterprise Value to EBIT (EV/EBIT)		 5.29 30.11 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.67 35.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 17.35 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.63 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 1.01 0.85 0.90
Long-Term Debt to Equity		 1.00 0.77 0.81
Financial Leverage		 0.09 0.87 0.89
Leverage Ratio		 1.17 2.03 2.05
Compound Leverage Factor		 1.11 0.89 44.92
Debt to Total Capital		 50.12% 46.01% 47.36%
Short-Term Debt to Total Capital		 0.07% 4.29% 4.78%
Long-Term Debt to Total Capital		 50.05% 41.72% 42.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 1.59% 0.05% -0.11%
Common Equity to Total Capital		 48.28% 53.94% 52.75%
Debt to EBITDA		 0.81 5.07 47.85
Net Debt to EBITDA		 -0.05 4.14 31.27
Long-Term Debt to EBITDA		 0.80 4.60 43.02
Debt to NOPAT		 0.86 6.74 -612.43
Net Debt to NOPAT		 -0.05 5.50 -400.24
Long-Term Debt to NOPAT		 0.86 6.11 -550.63
Noncontrolling Interest Sharing Ratio		 100.29% 0.54% -0.12%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 295 -227 -501
Operating Cash Flow to CapEx		 0.00% -33,765.51% -26,558.24%
Free Cash Flow to Firm to Interest Expense		 6,882.25 0.00 0.00
Operating Cash Flow to Interest Expense		 249.85 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 249.85 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.23 0.34 0.19
Fixed Asset Turnover		 0.00 316.70 157.00
Capital & Investment Metrics		 - - -
Invested Capital		 56 304 804
Invested Capital Turnover		 0.25 0.37 0.20
Increase / (Decrease) in Invested Capital		 -262 247 500
Enterprise Value (EV)		 186 726 833
Market Capitalization		 186 612 585
Book Value per Share		 $1.49 $2.59 $5.68
Tangible Book Value per Share		 $1.49 ($0.09) $1.42
Total Capital		 56 304 804
Total Debt		 28 140 381
Total Long-Term Debt		 28 127 342
Net Debt		 -1.76 114 249
Capital Expenditures (CapEx)		 0.00 0.19 0.79
Net Nonoperating Expense (NNE)		 0.34 12 24
Net Nonoperating Obligations (NNO)		 28 140 381
Total Depreciation and Amortization (D&A)		 0.00 3.45 8.85
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.34)
Adjusted Weighted Average Basic Shares Outstanding		 32.26M 0.00 70.76M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.34)
Adjusted Weighted Average Diluted Shares Outstanding		 32.26M 0.00 70.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 96.85M
Normalized Net Operating Profit after Tax (NOPAT)		 34 20 -0.46
Normalized NOPAT Margin		 73.12% 29.48% -0.41%
Pre Tax Income Margin		 72.12% 15.82% -17.36%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 819.98 0.00 0.00
NOPAT to Interest Expense		 764.60 0.00 0.00
EBIT Less CapEx to Interest Expense		 819.98 0.00 0.00
NOPAT Less CapEx to Interest Expense		 764.60 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 21.82% 263.34% -4.68%
Augmented Payout Ratio		 21.82% 277.54% -47.78%

Quarterly Metrics And Ratios for Abacus Life

This table displays calculated financial ratios and metrics derived from Abacus Life's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 62,578,810.53% 99,433,800.00% 58,756,900.00% 39.70% 96.10% -19.64% 105.22% 149.56% 25.79% 52.14% 105.42%
EBITDA Growth		 8.76% 140.70% -17.68% 61.32% -6.57% -90.07% -45.00% 4.79% -3.49% -1,741.53% 552.43%
EBIT Growth		 8.75% 149.47% -17.40% 61.34% -23.11% -107.40% -67.99% -19.70% -5.46% -2,538.99% 833.23%
NOPAT Growth		 1.48% 446.52% -11.85% 36.58% -30.51% -114.07% -80.85% -74.27% -33.10% -939.75% 830.79%
Net Income Growth		 -3.79% 417.21% -18.75% 32.19% -89.85% -184.17% -116.73% -90.31% -602.85% -198.66% 523.30%
EPS Growth		 0.00% 0.00% 0.00% 44.44% -95.00% 0.00% -112.50% -92.31% -800.00% -85.71% 350.00%
Operating Cash Flow Growth		 -302.73% 5,117.48% -6,093.54% -369.37% -621.86% -180.82% 113.04% -218.39% -340.54% -565.98% -2,549.63%
Free Cash Flow Firm Growth		 821.02% 0.00% 4,963.96% 624.49% -180.38% -192.12% -204.27% -349.83% 26.38% -105.95% -27.42%
Invested Capital Growth		 -76.17% -82.27% -95.30% -22.44% 277.35% 438.44% 2,181.07% 80.08% 53.94% 164.61% 125.44%
Revenue Q/Q Growth		 41.57% 117.43% -59.09% 10.94% 98.72% -10.89% -6.38% 34.90% 0.17% 7.77% 39.64%
EBITDA Q/Q Growth		 107.10% -15.21% -17.59% 11.48% 19.94% -90.99% -0.84% 112.42% 10.47% -253.27% 272.10%
EBIT Q/Q Growth		 107.12% -15.21% -17.59% 11.48% -1.28% -108.16% -7.03% 179.64% 16.22% -327.87% 214.90%
NOPAT Q/Q Growth		 97.95% -22.27% 2.74% -13.61% 0.72% -115.74% 152.18% 16.12% 161.81% -344.70% 225.12%
Net Income Q/Q Growth		 103.60% -26.98% 0.84% -11.82% -84.37% -705.61% 79.96% 151.10% -910.87% -259.70% 128.40%
EPS Q/Q Growth		 122.22% 0.00% 0.00% -18.75% -92.31% -1,500.00% 85.71% 150.00% -800.00% -271.43% 119.23%
Operating Cash Flow Q/Q Growth		 63.22% 1,139.35% -201.71% -20.73% 43.44% -16.37% 116.99% -3,046.89% 21.74% -75.93% 33.04%
Free Cash Flow Firm Q/Q Growth		 1,748.30% 7.24% 18.77% -75.02% -352.59% -22.92% -33.42% 40.14% 25.56% -243.84% 16.83%
Invested Capital Q/Q Growth		 -76.77% -25.25% -72.72% 1,537.42% 13.03% 6.66% 15.55% 29.27% -3.38% 83.34% -1.55%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 92.92% 36.24% 73.00% 73.35% 44.27% 4.48% 19.56% 30.80% 33.97% -48.31% 59.54%
EBIT Margin		 92.91% 36.23% 72.99% 73.34% 36.43% -3.34% 11.38% 23.60% 27.38% -57.90% 47.64%
Profit (Net Income) Margin		 87.09% 29.25% 72.09% 57.30% 4.51% -30.64% -5.88% 2.23% -18.02% -60.14% 12.23%
Tax Burden Percent		 96.71% 94.31% 109.42% 85.02% 16.68% 59.63% 1,250.98% 27.05% 95.48% 117.30% 69.82%
Interest Burden Percent		 96.92% 85.60% 90.27% 91.90% 74.16% 1,539.16% -4.13% 34.87% -68.92% 88.55% 36.78%
Effective Tax Rate		 3.29% 0.00% -9.42% 14.98% 27.15% 0.00% 0.00% 72.95% 0.00% 0.00% 30.18%
Return on Invested Capital (ROIC)		 8.97% 7.64% 25.76% 12.62% 12.19% -2.00% 2.89% 1.60% 4.36% -7.50% 7.83%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.25% 4.57% 8.43% 11.77% 2.31% -8.23% -0.09% 0.78% -2.37% -10.29% 4.41%
Return on Net Nonoperating Assets (RNNOA)		 0.17% 0.40% 0.18% 2.22% 1.21% -7.20% -0.10% 0.54% -1.68% -9.13% 3.97%
Return on Equity (ROE)		 9.14% 8.03% 25.93% 14.84% 13.40% -9.20% 2.79% 2.14% 2.68% -16.62% 11.81%
Cash Return on Invested Capital (CROIC)		 0.00% 157.22% 200.07% 36.93% -100.00% -125.83% -183.01% -55.72% -41.63% -90.40% -74.90%
Operating Return on Assets (OROA)		 8.44% 8.25% 22.05% 14.14% 12.87% -1.13% 4.08% 5.61% 6.76% -10.75% 10.40%
Return on Assets (ROA)		 7.91% 6.66% 21.78% 11.05% 1.59% -10.41% -2.11% 0.53% -4.45% -11.16% 2.67%
Return on Common Equity (ROCE)		 -1.35% -0.02% -2.96% 4.28% 7.83% -9.15% 2.32% 2.14% 2.68% -16.65% 11.71%
Return on Equity Simple (ROE_SIMPLE)		 -95.66% 0.00% -156.94% 20.15% 13.85% 0.00% 0.08% -2.31% -4.76% 0.00% -4.24%
Net Operating Profit after Tax (NOPAT)		 10 8.02 8.24 7.12 7.17 -1.13 1.58 1.83 4.79 -12 15
NOPAT Margin		 86.75% 31.01% 77.89% 60.66% 30.74% -5.43% 7.27% 6.25% 16.35% -37.12% 33.26%
Net Nonoperating Expense Percent (NNEP)		 -1.27% 3.06% 17.33% 0.86% 9.89% 6.23% 2.98% 0.82% 6.73% 2.80% 3.43%
SG&A Expenses to Revenue		 0.13% 0.00% 6.89% 5.83% 7.31% 8.61% 8.89% 8.72% 7.40% 7.63% 5.93%
Operating Expenses to Revenue		 7.09% 63.77% 27.01% 26.66% 63.57% 103.34% 88.62% 76.40% 72.62% 157.90% 52.36%
Earnings before Interest and Taxes (EBIT)		 11 9.37 7.72 8.61 8.49 -0.69 2.47 6.91 8.03 -18 21
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 9.37 7.72 8.61 10 0.93 4.25 9.02 9.96 -15 26
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 6.84 0.00 0.72 2.59 3.73 4.70 2.15 2.93 1.38 1.68
Price to Tangible Book Value (P/TBV)		 0.00 6.84 0.00 0.00 0.00 0.00 0.00 6.11 8.08 5.51 6.19
Price to Revenue (P/Rev)		 21.36 4.04 3.32 1.92 6.02 9.22 10.65 6.12 7.83 5.22 5.39
Price to Earnings (P/E)		 16.98 5.88 6.19 3.55 18.40 64.30 9,417.59 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 5.89% 17.00% 16.16% 28.18% 5.43% 1.56% 0.01% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 5.78 3.29 12.57 0.74 1.80 2.39 2.55 1.45 2.09 1.04 1.32
Enterprise Value to Revenue (EV/Rev)		 21.51 4.02 3.41 3.10 7.17 10.94 12.30 7.29 9.51 7.44 7.75
Enterprise Value to EBITDA (EV/EBITDA)		 14.74 5.29 5.79 5.06 14.23 26.34 46.10 33.19 47.01 104.64 34.51
Enterprise Value to EBIT (EV/EBIT)		 14.80 5.29 5.78 5.06 14.99 30.11 63.05 52.64 76.02 0.00 58.29
Enterprise Value to NOPAT (EV/NOPAT)		 16.33 5.67 6.26 5.54 17.55 35.00 2,552.08 127.52 297.95 0.00 83.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 17.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.63 0.56 1.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.07 1.01 0.57 0.57 0.72 0.85 1.12 0.77 0.70 0.90 0.82
Long-Term Debt to Equity		 0.00 1.00 0.00 0.57 0.72 0.77 1.03 0.59 0.65 0.81 0.55
Financial Leverage		 0.02 0.09 0.02 0.19 0.52 0.87 1.09 0.69 0.71 0.89 0.90
Leverage Ratio		 1.16 1.17 1.12 1.28 1.71 2.03 2.32 1.82 1.84 2.05 2.05
Compound Leverage Factor		 1.12 1.01 1.01 1.18 1.27 31.30 -0.10 0.64 -1.27 1.82 0.75
Debt to Total Capital		 6.52% 50.12% 36.22% 36.33% 41.70% 46.01% 52.91% 43.42% 41.19% 47.36% 44.98%
Short-Term Debt to Total Capital		 6.52% 0.07% 36.22% 0.16% 0.00% 4.29% 4.46% 10.08% 3.22% 4.78% 14.92%
Long-Term Debt to Total Capital		 0.00% 50.05% 0.00% 36.17% 41.70% 41.72% 48.46% 33.33% 37.97% 42.58% 30.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 129.88% 1.59% 190.55% 0.14% 0.10% 0.05% 0.06% 0.02% -0.02% -0.11% 0.62%
Common Equity to Total Capital		 -36.40% 48.28% -126.77% 63.53% 58.19% 53.94% 47.03% 56.57% 58.83% 52.75% 54.40%
Debt to EBITDA		 0.17 0.81 0.17 2.49 3.30 5.07 9.56 9.92 9.27 47.85 11.79
Net Debt to EBITDA		 -3.21 -0.05 -0.71 1.92 2.28 4.14 6.19 5.33 8.27 31.27 10.34
Long-Term Debt to EBITDA		 0.00 0.80 0.00 2.48 3.30 4.60 8.75 7.62 8.54 43.02 7.88
Debt to NOPAT		 0.18 0.86 0.18 2.73 4.07 6.74 528.99 38.13 58.72 -612.43 28.44
Net Debt to NOPAT		 -3.56 -0.05 -0.77 2.10 2.81 5.50 342.84 20.46 52.41 -400.24 24.94
Long-Term Debt to NOPAT		 0.00 0.86 0.00 2.71 4.07 6.11 484.44 29.28 54.13 -550.63 19.01
Noncontrolling Interest Sharing Ratio		 114.82% 100.29% 111.42% 71.13% 41.56% 0.54% 16.87% 0.10% 0.05% -0.12% 0.85%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 252 270 320 80 -202 -249 -334 -200 -149 -512 -426
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% -12,270.86% -14,858.81% 1,401.30% -35,324.72% -21,557.08% -47,714.70% -27,450.38%
Free Cash Flow to Firm to Interest Expense		 0.00 6,304.99 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 399.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 399.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.09 0.23 0.30 0.19 0.35 0.34 0.36 0.24 0.25 0.19 0.22
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 316.70 0.00 207.81 167.65 157.00 155.56
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 76 56 15 252 285 304 351 454 439 804 792
Invested Capital Turnover		 0.10 0.25 0.33 0.21 0.40 0.37 0.40 0.26 0.27 0.20 0.24
Increase / (Decrease) in Invested Capital		 -241 -262 -312 -73 209 247 336 202 154 500 440
Enterprise Value (EV)		 436 186 193 186 512 726 896 659 917 833 1,043
Market Capitalization		 433 186 188 115 430 612 776 553 755 585 725
Book Value per Share		 ($0.64) $1.49 ($1.06) $13.95 $2.63 $2.59 $2.59 $4.02 $3.46 $5.68 $4.45
Tangible Book Value per Share		 ($0.64) $1.49 ($1.06) ($1.14) ($0.09) ($0.09) ($0.05) $1.42 $1.25 $1.42 $1.21
Total Capital		 76 56 15 252 285 304 351 454 439 804 792
Total Debt		 4.92 28 5.58 92 119 140 186 197 181 381 356
Total Long-Term Debt		 0.00 28 0.00 91 119 127 170 151 167 342 238
Net Debt		 -95 -1.76 -24 70 82 114 120 106 161 249 312
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.10 0.09 0.16 0.19 0.24 0.19 0.22
Net Nonoperating Expense (NNE)		 -0.04 0.46 0.61 0.39 6.12 5.24 2.85 1.18 10 7.28 9.28
Net Nonoperating Obligations (NNO)		 4.92 28 5.58 92 119 140 186 197 181 381 356
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 1.83 1.62 1.77 2.11 1.93 3.03 5.25
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.13 $0.01 ($0.13) ($0.02) $0.01 ($0.07) ($0.26) $0.05
Adjusted Weighted Average Basic Shares Outstanding		 24.81M 50.37M 14.13M 50.51M 63.35M 56.95M 63.03M 63.85M 74.69M 70.76M 96.19M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.13 $0.01 ($0.14) ($0.02) $0.01 ($0.07) ($0.26) $0.05
Adjusted Weighted Average Diluted Shares Outstanding		 24.81M 50.37M 14.13M 50.51M 63.35M 57.77M 63.03M 67.16M 74.69M 70.76M 97.50M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 18.34M 0.00 11.48M 62.96M 63.35M 63.69M 63.93M 74.65M 74.68M 96.85M 96.85M
Normalized Net Operating Profit after Tax (NOPAT)		 11 5.61 5.18 6.54 7.39 -1.74 0.76 4.99 4.50 -11 14
Normalized NOPAT Margin		 88.76% 21.71% 49.00% 55.78% 31.70% -8.39% 3.51% 17.05% 15.35% -33.89% 32.83%
Pre Tax Income Margin		 90.06% 31.01% 65.89% 67.40% 27.02% -51.37% -0.47% 8.23% -18.87% -51.27% 17.52%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 218.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 187.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 218.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 187.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 21.82% 0.00% 87.40% 119.89% 263.34% 0.00% -23.89% -9.49% -4.68% 0.00%
Augmented Payout Ratio		 0.00% 21.82% 0.00% 87.40% 119.89% 277.54% 6,561.95% -226.41% -107.47% -47.78% -17.64%

Key Financial Trends

Abacus Life (NASDAQ:ABL) has demonstrated significant volatility and mixed financial performance over the last several years through Q1 2025. Below is an analysis of key trends and financial metrics observed across its income statements, cash flow statements, and balance sheets:

  • Revenue Growth and Composition: Total revenue steadily increased from about $11.7M in Q2 2023 to more than $44.1M in Q1 2025. Notably, total non-interest income has been the main contributor, rising sharply to $44.1M in Q1 2025 from $11.7M in Q2 2023, indicating growth in diversified revenue streams outside traditional interest income (which remains zero).
  • Net Income Turnaround: Abacus Life showed a turnaround from net losses in late 2023 and early 2024 (e.g., -$19.0M net loss in Q4 2024) to net profits in 2025 (achieving $5.4M net income in Q1 2025). This reflects management's progress in improving profitability.
  • Profitability Improvements: The company returned to positive earnings per share, with Q1 2025 showing $0.05 EPS compared to negative EPS as low as -$0.26 in Q4 2024. This is a positive signal for investors regarding earnings quality and growth prospects.
  • Strong Growth in Equity: Total common equity rose from approximately $160M in mid-2023 to $430M by Q1 2025, reflecting retained earnings improvements and possibly capital raises or asset revaluations.
  • Increasing Cash Balance: Cash and due from banks increased to about $43.8M in Q1 2025 from roughly $9.1M in Q2 2024, strengthening liquidity.
  • Stable Debt Levels: Long-term debt increased from ~$91M in Q2 2023 to approximately $238M in Q1 2025, representing leverage growth. While this supports expansion, it also elevates financial risk and interest obligations.
  • Consistent Depreciation and Amortization: Depreciation and amortization expenses rose moderately over time, reflecting ongoing investments in fixed and intangible assets.
  • Non-Cash Adjustments Impacting Cash Flow: Large swings in non-cash adjustments notably impacted operating cash flows, turning operating cash flow negative in recent quarters despite net income gains, suggesting working capital management challenges.
  • Shares Outstanding Increase: Weighted average diluted shares increased from ~50 million in early 2023 to about 97 million in Q1 2025, possibly due to equity financing efforts, which can dilute existing shareholders.
  • Volatile Operating Expenses: Other operating expenses have fluctuated widely, peaking near $43M in Q4 2024 before decreasing to $16M by Q1 2025, indicating inconsistent expense control.
  • Large Non-Operating Expenses and Special Charges: The company faced significant non-operating expenses (e.g., -$13.3M in Q1 2025) and other special charges, adding strain on profitability.
  • Negative Retained Earnings: Retained earnings remained negative, though improving, showing accumulated losses over time.
  • Negative Cash Flow from Operations: Net cash from operating activities was negative in multiple recent quarters (e.g., -$61.6M in Q1 2025), suggesting cash burn despite accounting profits.

Summary: Abacus Life has been transitioning toward profitability with improving revenue and net income trends in 2025 after losses in the previous year. Growth in non-interest income is a key strength, while the company’s increasing leverage and volatile expense structure warrant caution. Investors should monitor operating cash flow trends and debt management closely as the company continues its turnaround and expansion efforts.

09/10/25 10:48 AM ETAI Generated. May Contain Errors.

Financials Breakdown Chart

Frequently Asked Questions About Abacus Life's Financials

When does Abacus Life's fiscal year end?

According to the most recent income statement we have on file, Abacus Life's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Abacus Life's net income changed over the last 2 years?

Abacus Life's net income appears to be on a downward trend, with a most recent value of -$24.92 million in 2024, falling from $32.39 million in 2022. The previous period was $9.03 million in 2023. See Abacus Life's forecast for analyst expectations on what’s next for the company.

How has Abacus Life's revenue changed over the last 2 years?

Over the last 2 years, Abacus Life's total revenue changed from $46.14 million in 2022 to $111.92 million in 2024, a change of 142.6%.

How much debt does Abacus Life have?

Abacus Life's total liabilities were at $450.87 million at the end of 2024, a 168.8% increase from 2023, and a 1,357.0% increase since 2022.

How much cash does Abacus Life have?

In the past 2 years, Abacus Life's cash and equivalents has ranged from $25.59 million in 2023 to $131.94 million in 2024, and is currently $131.94 million as of their latest financial filing in 2024.

How has Abacus Life's book value per share changed over the last 2 years?

Over the last 2 years, Abacus Life's book value per share changed from 1.49 in 2022 to 5.68 in 2024, a change of 282.3%.


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This page (NASDAQ:ABL) was last updated on 9/10/2025 by MarketBeat.com Staff
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