Abacus Global Management, Inc. (ABX) Balance Sheet
ABX balance sheet, 2025
December 31, 2025 · U.S. dollars$902.2M assets = $483.7M liabilities + $418.5M equity
Both columns are drawn to the same scale: what ABX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ABX financial health
Descriptive bands, not a rating. Fiscal 2025.
ABX balance sheet trends, 2020–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.5M2020 | $902.2M2025 | +261.5%/yr | |
| Total liabilities | $160,6962020 | $483.7M2025 | +396.3%/yr | |
| Shareholders’ equity | $2.1M2020 | $418.5M2025 | +188.8%/yr | |
| Cash & short-term investments | $135,2722020 | $38.1M2025 | +209.0%/yr | |
| Total debt | $148,9672020 | $411.2M2025 | +387.7%/yr | |
| Net cash (debt) | −$13,6952020 | −$373.1M2025 | −$373.1M | |
| Working capital | $50,5022020 | −$79.0M2025 | −$79.1M | |
| Book value per share | $0.042020 | $4.222025 | +152.2%/yr | |
| Debt / equity | 0.072020 | 0.982025 | +0.91 | |
| Shares outstanding | 50.4M2020 | 99.2M2025 | +14.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ABX assets
ABX liabilities and equity
ABX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ABX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $38.1M | $131.9M | $27.8M | $30.1M | $102,420 | $135,272 |
| Cash & equivalents | $38.1M | $131.9M | $25.6M | $30.1M | $102,420 | $135,272 |
| Short-term investments | — | $0 | $2.3M | $0 | — | — |
| Receivables | $27.8M | $26.5M | $3.2M | $208,812 | $630,371 | $74,759 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $3.6M | $1.1M | $699,127 | $3.0M | $0 | $1,167 |
| Total current assets | $69.6M | $159.6M | $31.8M | $33.3M | $194,816 | $211,198 |
| Property, plant & equipment (net) | $6.2M | $5.7M | $2.3M | $95,628 | $145,402 | $117,568 |
| Goodwill & intangible assets | $319.1M | $318.1M | $169.9M | $148,933 | $214,071 | $0 |
| Long-term investments | $491.1M | $375.5M | $126.8M | $25.7M | $918,750 | $0 |
| Other non-current assets | $16.2M | $15.2M | $998,945 | $0 | $367,179 | $1.1M |
| Total assets | $902.2M | $874.2M | $331.8M | $59.1M | $1.8M | $1.5M |
| Liabilities | ||||||
| Accounts payable | — | — | $0 | $40,014 | $0 | — |
| Short-term debt | $116.6M | $38.9M | $13.1M | $311,912 | $975,737 | $148,967 |
| Deferred revenue | $169,184 | $2.5M | $507,000 | $1.2M | $1.7M | — |
| Total current liabilities | $148.6M | $62.5M | $23.3M | $1.3M | $995,929 | $160,696 |
| Long-term debt | $289.9M | $342.4M | $126.8M | $28.2M | $0 | $0 |
| Lease obligations | $5.4M | $5.1M | $1.9M | $77,395 | $367,508 | — |
| Other long-term liabilities | $45.2M | $46.0M | $17.6M | $1.4M | $77,396 | $44.8M |
| Total liabilities | $483.7M | $450.9M | $167.8M | $30.9M | $1.1M | $160,696 |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | $10,488 | $10,133 | $6,339 | $5,037 | $50,000 | $4,000 |
| Retained earnings (deficit) | −$41.6M | −$57.9M | −$34.7M | $25.5M | $205,048 | $2.0M |
| Accumulated other comprehensive income | — | — | $108,373 | $1.1M | $0 | $300.9M |
| Minority interest | $0 | −$857,831 | $138,283 | $899,538 | — | — |
| Total shareholders' equity | $418.5M | $424.2M | $163.9M | $27.3M | $915,048 | $2.1M |
| Key figures | ||||||
| Total debt | $411.2M | $385.9M | $141.7M | $28.3M | $1.1M | $148,967 |
| Net cash (debt) | −$373.1M | −$254.0M | −$113.9M | $1.7M | −$950,713 | −$13,695 |
| Working capital | −$79.0M | $97.1M | $8.5M | $32.0M | −$801,113 | $50,502 |
| Tangible book value | $99.4M | $106.1M | −$6.0M | $27.1M | $700,977 | $2.1M |
| Book value per share | $4.22 | $5.99 | $2.84 | $0.54 | $0.02 | $0.04 |
| Shares outstanding | 99.2M | 70.8M | 57.8M | 50.4M | 50.4M | 50.4M |
| Current ratio | 0.47 | 2.55 | 1.36 | 25.55 | 0.20 | 1.31 |
| Quick ratio | 0.44 | 2.54 | 1.33 | 23.24 | 0.74 | 1.31 |
| Debt / equity | 0.98 | 0.91 | 0.86 | 1.04 | 1.15 | 0.07 |
| Equity / assets | 46.4% | 48.5% | 49.4% | 46.1% | 49.7% | 142.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $23.4M | $37.2M | $38.1M | $86.4M | $74.8M | $43.8M | $131.9M | $22.4M | $95.3M | $68.8M | $27.8M | $36.6M |
| Cash & equivalents | $23.4M | $37.2M | $38.1M | $86.4M | $74.8M | $43.8M | $131.9M | $19.4M | $91.3M | $65.4M | $25.6M | $36.6M |
| Short-term investments | — | — | — | — | — | — | $0 | $3.0M | $4.0M | $3.4M | $2.3M | — |
| Receivables | $51.9M | $40.2M | $27.8M | $30.4M | $25.6M | $16.1M | $26.5M | $6.3M | $5.4M | $3.5M | $3.2M | $1.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $3.6M | $21.3M | $5.4M | $1.6M | $1.1M | $2.1M | $932,598 | $2.0M | $699,127 | $961,427 |
| Total current assets | $75.3M | $77.4M | $69.6M | $138.2M | $105.9M | $61.5M | $159.6M | $30.8M | $101.6M | $74.3M | $31.8M | $39.5M |
| Property, plant & equipment (net) | $14.7M | $12.0M | $6.2M | $6.3M | $6.4M | $5.9M | $5.7M | $2.9M | $2.8M | $2.7M | $2.3M | $433,176 |
| Goodwill & intangible assets | −$312.5M | −$316.1M | $319.1M | $319.5M | $310.3M | $313.4M | $318.1M | $164.6M | $166.3M | $168.3M | $169.9M | $171.5M |
| Long-term investments | $459.3M | $417.5M | $491.1M | $437.7M | $400.4M | $459.9M | $375.5M | $277.4M | $0 | $0 | $0 | $0 |
| Other non-current assets | $631.0M | $639.0M | $16.2M | $17.3M | $25.3M | $15.9M | $15.2M | $1.7M | $213.1M | $131.3M | $127.8M | $92.8M |
| Total assets | $867.7M | $829.8M | $902.2M | $918.9M | $848.4M | $856.5M | $874.2M | $477.3M | $483.9M | $376.7M | $331.8M | $304.3M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $2,000 |
| Short-term debt | $42.4M | $2.8M | $116.6M | $120.2M | $119.5M | $118.6M | $38.9M | $14.1M | $46.1M | $15.9M | $13.1M | $173,799 |
| Deferred revenue | — | — | $169,184 | $358,983 | $45,869 | $600,295 | $2.5M | $924,083 | $1.4M | $667,500 | $507,000 | $348,836 |
| Total current liabilities | $42.4M | $2.8M | $148.6M | $148.4M | $140.2M | $130.8M | $62.5M | $23.9M | $55.4M | $23.8M | $23.3M | $5.5M |
| Long-term debt | $290.8M | $328.5M | $289.9M | $289.8M | $238.2M | $238.0M | $342.4M | $166.5M | $0 | $0 | $0 | $0 |
| Lease obligations | $13.7M | $11.3M | $5.4M | $5.2M | $5.4M | $5.0M | $5.1M | $2.3M | — | — | — | — |
| Other long-term liabilities | $94.8M | $74.9M | $45.2M | $41.1M | $48.5M | $52.2M | $46.0M | $29.0M | $171.6M | $187.5M | $144.4M | $132.8M |
| Total liabilities | $428.1M | $407.2M | $483.7M | $479.3M | $426.8M | $420.9M | $450.9M | $219.4M | $227.0M | $211.4M | $167.8M | $138.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $10,722 | $10,504 | $10,488 | $10,443 | $9,795 | $9,790 | $10,133 | $7,576 | $7,548 | $6,378 | $6,339 | $6,335 |
| Retained earnings (deficit) | −$27.9M | −$34.5M | −$41.6M | −$28.9M | −$35.8M | −$53.3M | −$57.9M | −$39.6M | −$34.5M | −$36.1M | −$34.7M | −$28.5M |
| Accumulated other comprehensive income | — | $0 | — | $0 | — | — | — | $32,721 | $64,324 | $120,323 | $108,373 | $100,175 |
| Minority interest | $0 | $0 | $0 | $0 | −$71,148 | — | — | — | — | — | — | — |
| Total shareholders' equity | $439.7M | $422.6M | $418.5M | $439.6M | $421.6M | $435.7M | $424.2M | $258.0M | $256.8M | $165.1M | $163.9M | $165.8M |
| Key figures | ||||||||||||
| Total debt | $344.3M | $342.3M | $411.2M | $414.5M | $362.4M | $361.0M | $385.9M | $182.5M | $199.3M | $188.1M | $141.7M | $119.0M |
| Net cash (debt) | −$320.9M | −$305.1M | −$373.1M | −$328.1M | −$287.6M | −$317.3M | −$254.0M | −$160.1M | −$104.0M | −$119.3M | −$113.9M | −$82.3M |
| Working capital | $32.9M | $74.5M | −$79.0M | −$10.3M | −$34.3M | −$69.3M | $97.1M | $6.9M | $46.3M | $50.5M | $8.5M | $34.1M |
| Tangible book value | $752.2M | $738.7M | $99.4M | $120.1M | $111.3M | $122.3M | $106.1M | $93.4M | $90.5M | −$3.2M | −$6.0M | −$5.7M |
| Book value per share | $4.41 | $4.25 | $4.18 | $4.55 | $4.33 | $4.47 | $5.19 | $3.45 | $3.82 | $2.62 | $2.71 | $2.62 |
| Shares outstanding | 99.8M | 99.5M | 100.2M | 96.7M | 97.4M | 97.5M | 81.8M | 74.7M | 67.2M | 63.0M | 60.4M | 63.3M |
| Current ratio | 1.77 | 27.36 | 0.47 | 0.93 | 0.76 | 0.47 | 2.55 | 1.29 | 1.84 | 3.12 | 1.36 | 7.24 |
| Quick ratio | 1.77 | 27.36 | 0.44 | 0.79 | 0.72 | 0.46 | 2.54 | 1.20 | 1.82 | 3.03 | 1.33 | 7.06 |
| Debt / equity | 0.78 | 0.81 | 0.98 | 0.94 | 0.86 | 0.83 | 0.91 | 0.71 | 0.78 | 1.14 | 0.86 | 0.72 |
| Equity / assets | 50.7% | 50.9% | 46.4% | 47.8% | 49.7% | 50.9% | 48.5% | 54.1% | 53.1% | 43.8% | 49.4% | 54.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
ABX financial position
At the end of fiscal 2025 (December 31, 2025), Abacus Global Management had total assets of $902.2 million (up 3.2% from a year earlier), total liabilities of $483.7 million and shareholders' equity of $418.5 million. It held $38.1 million in cash and short-term investments against $411.2 million of debt, net debt of $373.1 million. Its current ratio was 0.47. In the latest quarter (ended June 30, 2026) total assets were $867.7 million and equity $439.7 million.
Related: ABX income statement, ABX cash flow statement, ABX key metrics. See the ABX stock overview for the latest quote and news.
ABX balance sheet FAQ
What are Abacus Global Management's total assets?
Abacus Global Management reported total assets of $902.2 million at the end of fiscal 2025 (December 31, 2025), compared with $874.2 million a year earlier.
How much debt does Abacus Global Management have?
Abacus Global Management had $411.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.98.
How much cash does Abacus Global Management have?
Abacus Global Management held $38.1 million in cash and short-term investments at the end of fiscal 2025; with $411.2 million of debt that is net debt of $373.1 million.
What is Abacus Global Management's book value?
Abacus Global Management's shareholders' equity (book value) was $418.5 million at the end of fiscal 2025, or $4.22 per share.
What is Abacus Global Management's current ratio?
Abacus Global Management had current assets of $69.6 million and current liabilities of $148.6 million, a current ratio of 0.47 (current liabilities exceed current assets).
How much goodwill does Abacus Global Management have?
Abacus Global Management carried $319.1 million of goodwill and intangible assets, 35.4% of total assets, at the end of fiscal 2025.