The company's capital adequacy has been severely compromised, with total assets plummeting to negative $1.2 million and equity evaporating to $0 as of 2025Q4.
| Total Assets | -1.18M | 874.16M | 331.83M | 59.09M | 1.84M | 3.74M |
| Asset Growth % | -100.14% | 163.44% | 461.51% | 3111.3% | -50.81% | - |
| Total Investment Assets | 0 | 375.54M | 129.1M | 25.72M | 1.5M | 345.03M |
| Long-Term Investments | 0 | 375.54M | 126.85M | 25.72M | 1.5M | 345.03M |
| Short-Term Investments | 0 | 0 | 2.25M | 0 | 0 | 0 |
| Total Current Assets | -1.18M | 159.56M | 31.78M | 33.28M | 194.82K | 1.99M |
| Cash & Equivalents | -384.62K | 131.94M | 25.59M | 30.05M | 102.42K | 1.85M |
| Receivables | -798.82K | 26.53M | 3.24M | 208.81K | 0 | 135.8K |
| Other Current Assets | 0 | 1.09M | 699.13K | 2.9M | 67.49K | 0 |
| Goodwill & Intangibles | 0 | 318.08M | 169.91M | 148.93K | 0 | -345.85M |
| Goodwill | 0 | 238.3M | 140.29M | 0 | 0 | 0 |
| Intangible Assets | 0 | 79.79M | 29.62M | 148.93K | 0 | 0 |
| PP&E (Net) | 0 | 5.75M | 2.29M | 95.63K | 145.4K | 117.57K |
| Other Assets | 0 | 15.23M | 998.95K | 7.25K | 0 | -345.03M |
| Total Liabilities | 0 | 450.87M | 167.76M | 30.95M | 1.07M | 160.7K |
| Total Debt | 0 | 385.91M | 141.74M | 28.33M | 1.05M | 148.97K |
| Net Debt | 384.62K | 253.97M | 116.15M | -1.73M | 950.71K | -1.7M |
| Long-Term Debt | 0 | 342.39M | 126.79M | 28.25M | 0 | 0 |
| Short-Term Debt | 0 | 38.43M | 13.03M | 0 | 930.63K | 148.97K |
| Total Current Liabilities | 3.02M | 62.47M | 23.33M | 1.3M | 995.93K | 160.7K |
| Accounts Payable | 0 | 0 | 0 | 40.01K | 0 | 0 |
| Deferred Revenue | 0 | 2.47M | 507K | 1.17M | 0 | 0 |
| Other Current Liabilities | 3.02M | 14.42M | 3.4M | -1.13M | 20.19K | 3.51K |
| Deferred Taxes | 0 | 1000K | 0 | 1000K | 0 | 0 |
| Other Liabilities | 0 | 14.66M | 15.34M | 0 | 0 | 0 |
| Total Equity | 0 | 423.29M | 164.07M | 28.15M | 766.89K | 1.49M |
| Equity Growth % | -100% | 158% | 482.85% | 3570.62% | -48.67% | - |
| Shareholders Equity | 0 | 424.15M | 163.93M | 27.25M | 915.05K | 2.08M |
| Minority Interest | 0 | -857.83K | 138.28K | 899.54K | -148.16K | -589.68K |
| Retained Earnings | 0 | -57.9M | -34.73M | 25.49M | 205.05K | 2M |
| Common Stock | 0 | 10.13K | 6.34K | 5.04K | 50K | 4K |
| Accumulated OCI | 0 | 0 | 108.37K | 1.05M | 0 | 300.92M |
| Return on Equity (ROE) | - | -8.16% | 9.9% | 219.13% | 88.23% | 44.31% |
| Return on Assets (ROA) | 8.37% | -3.97% | 4.87% | 103.99% | 35.74% | 17.7% |
| Equity / Assets | 0% | 48.42% | 49.44% | 47.63% | 41.67% | 39.94% |
| Debt / Equity | - | 0.91x | 0.86x | 1.01x | 1.37x | 0.10x |
| Book Value per Share | - | 5.98 | 2.84 | 0.56 | 0.02 | 0.03 |
| Tangible BV per Share | 0.00 | 1.49 | -0.10 | 0.56 | 0.02 | 0.03 |
Liquidity and Premium Carry
As reported in the 2025Q4 financial statements, Abacus Global Management's total assets plummeted to negative $1.2 million, a stark reversal from the $918.9 million peak observed in 2025Q3, suggesting a potential structural collapse or a significant accounting adjustment that warrants immediate and deep investor scrutiny.
The sudden disappearance of the asset base suggests that the company's previous growth trajectory was heavily reliant on fair value estimates that have now been aggressively written down or reclassified. This volatility implies that the firm's capital base is not currently anchored in tangible, stable assets, raising questions about the sustainability of its business model.
Based on the company's most recent quarterly filings, equity has effectively evaporated to zero as of 2025Q4, down from a high of $439.6 million in 2025Q3, which indicates that the firm's capital adequacy has been completely compromised by recent operational or valuation-related shocks.
The total loss of equity suggests that the company may no longer possess the statutory capital buffer required to support its ongoing policy obligations. Investors should monitor whether this indicates a technical insolvency or if the firm is undergoing a fundamental restructuring that leaves common shareholders with no residual claim on assets.
According to recent financial disclosures, claims and loss payments reached $20.8 million in 2025Q4, a significant escalation from the $7.7 million reported in 2025Q3, which highlights a rapidly deteriorating liquidity profile as the company struggles to meet its maturing policy obligations amidst a shrinking asset base.
The rising claims burden, coupled with the absence of reported cash reserves, suggests that the company may be forced to liquidate assets at unfavorable prices or seek external financing to maintain its operations. This trend appears to indicate a severe mismatch between the timing of death benefit realizations and the immediate cash requirements of the premium carry.
As indicated by the company's reported figures, the reliance on fair value accounting for life insurance assets creates significant earnings noise, as evidenced by the 2025Q4 asset reversal, which suggests that reported net income may not accurately reflect the underlying cash-generating capacity of the firm's portfolio.
The extreme variance between accounting valuations and the reported negative cash position suggests that the balance sheet is highly sensitive to non-cash adjustments. This accounting structure may obscure the true economic risk of the portfolio, making it difficult for investors to assess the actual solvency of the firm without a clear view of cash-basis performance.
Quick answers to the most common questions about buying ABL stock.
As of 2025, Abacus Global Management, Inc. (ABL) had total assets of $-1.2M including $-1.2M in current assets.
Abacus Global Management, Inc. (ABL) carries total debt of $0.0M, offset by $-0.4M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Abacus Global Management, Inc. (ABL) has total shareholders' equity (book value) of $0.0M. Book value represents the net worth of the company belonging to common stock holders.
Abacus Global Management, Inc. (ABL) reported a current ratio of -0.39x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.