Abacus Global Management, Inc. (ABX) Stock

Abacus Global Management, Inc. (ABX) is a Financials stock trading at $9.57 (as of 2026-09-02), with a market capitalization of $917.98M and a trailing P/E of 33.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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Understand Abacus Global Management, Inc.: how it makes money

Abacus Global buys, trades, and holds life insurance policies for institutional and individual investors, earning the spread between purchase price and the death benefit. Revenue comes from third-party and related-party clients across life solutions and asset management, with several hundred policies in the portfolio generating income as they mature.

The profit engine is mortality underwriting: policies are bought below face value, interest accrues during the hold, and the full death benefit is collected at maturity; the 88% gross margin reflects that revenue is fundamentally the embedded spread, not a fee charged on assets.

Business quality (Strong): Strong

Valuation: At 33× earnings, ABX trades 9% below the Trading average (36×).

Bull case

  • High-margin growth compounding: Quarterly revenue of $100M is up 30% year over year with an 88% gross margin, so each incremental dollar of policy capital converts to profit at a rate well above typical financial intermediaries.
  • Priced below industry peers: At 32.6x P/E the stock trades 9% below the 36x Trading-industry average, leaving a valuation gap if the 30% revenue growth rate carries into the next reporting cycle.

Bear case

  • One-third from affiliated clients: Related-party revenue ($20M from Life Solutions plus $10M from Asset Management) equals $30M, or 30% of quarterly revenue, so a shift in any single affiliated client's allocation could materially swing the top line.
Valuation — source: SEC EDGAR (first-party)
Price$9.57
Market Cap$917.98M
P/E Ratio33.5
EV / EBITDA11.8
Price / Book2.11
Price / Sales3.43
FCF Yield-2.9%
DCF Value (model)$4.12
DCF Upside vs Price-56.9%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$235.24M
Net Margin15.5%
Revenue Growth (YoY)29.9%
EPS Growth (YoY)-61.1%
FCF Growth (YoY)837.3%
Financial Health — source: SEC EDGAR
Altman Z-Score1.52 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E33.5
Sector P/E (Financials)14.9
Industry P/E (Trading)34.2
vs Sector124.5%
vs Industry-2.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($21.51M)
Institutional Holders Tracked10
Company
SectorFinancials
IndustryTrading
CEOJay J. Jackson
Employees157
CountryUS
IPO Date2021-03-26

Related Companies (Trading; 8 comparable financial firms)

  • AlTi Global, Inc. (ALTI)
  • Ridgepost Capital, Inc. (RPC)
  • Silvercrest Asset Management Group Inc. (SAMG)
  • Cohen & Steers, Inc. (CNS)
  • GCM Grosvenor Inc. (GCMG)
  • Acadian Asset Management (AAMI)
  • Westwood Holdings Group, Inc. (WHG)
  • Blue Owl Capital Inc. (OWL)
ABX earnings history · ABX institutional & insider holders · ABX KPIs & operating metrics · ABX financials · ABX investor presentations & press releases · ABX SEC filings · ABX peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.