Abacus Global Management Inc (NYSE:ABX)

Q2 2026 Abacus Global Management Inc Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $10.4 (-1.52%)

Transcript 10-Q8-K

Key Points

Positve

Abacus Global Management Inc (ABX) reported strong Q2 2026 results, with revenue growing 30% year-over-year to $73 million and adjusted EBITDA increasing 27% to $40 million, exceeding its own guidance.
The company's longevity funds raised $544.2 million in the first half of 2026, surpassing its $500 million target and already nearing the $604 million raised in all of 2025.
Abacus Global Management Inc (ABX) launched the ABX Longevity Growth and Income Fund (ABXGX), the first registered interval fund for the longevity asset class, opening the strategy to individual investors and advisors.
The company's balance sheet demonstrated strong performance with a 25% average realized gain on policy sales, comfortably above its 20% long-term target, and annualized portfolio turnover of 2 times, validating its asset valuations.
The integration with Manning and Napier is progressing well, with a live referral channel established, LifeArc being rolled out to advisors, and early success in converting leads and identifying qualified policies.
Abacus Global Management Inc (ABX) is making progress on asset tokenization, which it views as financial infrastructure to increase transparency and transferability in the secondary life insurance market.

Negative

Asset management fees declined year-over-year due to a drop in AUM and outflows in its ETF strategies, which was only partially offset by inflows into longevity funds.
Total operating expenses increased year-over-year, driven by higher strategic business expenses and personnel costs from acquisitions and growth initiatives.
The company's technology service fees are still in early stages, generating less than $1 million year-to-date, and the path to the $3 million target relies on contract step-ups and future LifeArc revenue.
Management chose to keep its full-year 2026 adjusted net income guidance unchanged at $100-$106 million despite beating Q2 estimates, signaling a potentially softer Q4 or a conservative stance.
The company's long-term debt stands at $290.8 million, and while it has a cash balance of $23.4 million, the elevated leverage could be a concern if market conditions worsen.
The Q2 tax rate was higher than typical due to one-time items, which could create some near-term earnings volatility even though it is expected to normalize.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ABX.N - Abacus Global Management Inc
Q2 2026 Abacus Global Management Inc Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Stand by. We're about to begin.

Good day ladies and gentlemen and welcome to the Abacus Global Management Second Quarter 2026 Earnings Conference Call.

All participants will be in a listen-only mode.

Please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions.

To ask a question, please press star 1 on your keypad at any time.

Please note this event is being recorded.

I would now like to turn the call over to David Jackson, Abacus Global Management's Head of Investor Relations. Please go ahead.

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