ABX NYSE Earnings call
Abacus Global Management, Inc. (ABX) · Q2 2026 results and valuation
Share price: $9.01 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 6 Aug 2026 and 8 May 2026
Net income down 8.8% on the previous quarter. Management sounded about as positive as a typical company call, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
−8.8%
Net income vs Q1 2026
Outlook given
Net income 6.6M vs 7.3M
Revenue +22.9%
2 · How management spoke
Typical
Less upbeat than 62% of company calls
Answers to analysts: typical, in line with the script.
Similar to last call.
3 · What stood out
Abacus Global Management, Inc. partnered with Manning and Napier to apply personalized lifespan modeling across $18 billion in assets managed.
Valuation
Is Abacus Global Management, Inc. undervalued?
Reverse DCF on net income from the last full fiscal year (no meaningful free cash flow: a bank, insurer or a year of negative cash flow) (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 10.0% growth a year (3-year revenue growth), the model's fair value is $5.27 a share — the stock trades 71% above it. Today's price assumes 14.5% growth a year.
Current price
$9.01
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+14.5% for 10 yrs
Fair value / share
$5.27
Buy below
$3.95
Price vs fair value
Overvalued 71%
Price vs buy-below price
Overvalued 128%
Read between the lines
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Guidance
Q3 adjusted net income is expected at $26 million to $28 million and adjusted EPS at $0.26 to $0.28.
Source quote
“For the third quarter, we expect adjusted net income of $26 million to $28 million and adjusted EPS of $0.26 to $0.28 per share.”
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Figure
Abacus Global Management's partnership with Manning & Napier will let their advisers apply personalized lifespan modeling across the $18 billion they manage…
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Fading
Rising competition and institutional capital are pushing buyers to pay more for policies, directly lowering purchase discount rates.
Source quote
“That competition means buyers are paying more for each policy, which translates directly into lower purchase discount rates. As more institutional capital has flowed into the asset class, buyers are competing more aggressively for policies. I want to be emphatic about this.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“Overall, we are very pleased with the strength in the platform growth, including investments we are making for future growth.”
“The year-over-year increase is largely driven by increases in strategic business expenses and other personnel costs from acquisitions and growth as we are ramping the asset management, wealth management and...”
“And best of all, we have considerable visibility into that growth.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 73.0M | 59.4M | +22.9% | 56.2M | +29.9% |
| Gross profit | 64.0M | 53.1M | +20.5% | 50.2M | +27.5% |
| Operating income | 21.5M | 18.3M | +17.2% | 22.5M | −4.6% |
| Net income | 6.6M | 7.3M | −8.8% | 17.6M | −62.3% |
| EPS | 0.07 | 0.07 | ±0% | 0.18 | −61.1% |
| P/E today 30.5 | 39.7 | 20.7 | +19.0 | 12-mo loss | — |
Topics
Most discussed now
- New What Abacus Global Management is finding is it's not just, as you might imagine, some smaller accounts here, it is talking about…
- As Abacus Global Management looks to the second half of 2026, it expects inbound policies under review to continue to grow as...
- One measure of the balance sheet efficiency worth noting is holding period.
- For the second quarter, annualized portfolio turnover was 2x at the top end of Abacus Global Management's long-term target range of 1.5...
Faded since Q1 2026
- Fading For Q2 2026, Abacus Global Management expects adjusted net income of $24 million to $26 million or $0.24 to $0.26 in adjusted...
- Fading The higher inbound flow simply gave it more to choose from.
- Fading Operating capital supports the day-to-day engine of the business.
- Fading Assets seasoned beyond 365 days had a weighted average life expectancy of 46 months and a weighted average insured age...
Latest announcements
Official filings, newest first.
- Regulation FD disclosure · SEC 8-K
- Regulation FD disclosure; Other events · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K
- Material agreement; Director or officer change · SEC 8-K
- Regulation FD disclosure · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K
- Other events · SEC 8-K
- Results of operations; Regulation FD disclosure · SEC 8-K