Abacus Global Management, Inc. reported record second quarter 2025 results on August 7, 2025, with total revenue nearly doubling year-over-year to $56.2 million, a 93% increase from $29.1 million in Q2 2024. Adjusted Net Income grew 87% year-over-year to $21.9 million, and Adjusted EBITDA increased 89% to $31.5 million. GAAP Net Income for the quarter was $17.6 million.
Driven by this strong performance, the company raised its full year 2025 outlook for Adjusted Net Income to between $74 million and $80 million, up from the prior range of $70 million to $78 million. This revised guidance implies robust growth of 59% to 72% compared to the $46.5 million Adjusted Net Income reported in 2024.
Longevity Funds attracted $123.1 million in capital inflows during the quarter, demonstrating continued strong demand for its asset management offerings. As of June 30, 2025, the company had cash and cash equivalents of $74.8 million, balance sheet policy assets of $387.3 million, and outstanding long-term debt of $357 million.
The company also noted the completion of its warrant exchange offer on July 30, 2025, which eliminated the overhang of its warrants. This capital structure optimization, combined with robust operational results, positions Abacus Global Management for continued growth as a leading alternative asset and wealth management company.
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