Abacus Lifts 2026 Adjusted Net Income Outlook Again

The Tip Desk · November 11, 2026 · 3 min read

Third-quarter revenue hit a record $76.9 million as the company raised full-year adjusted net income guidance to $104.5 million to $106.5 million.

Abacus Global Management (ABX), a financial services company specializing in alternative asset management with a focus on longevity-based assets, reported record third-quarter total revenue of $76.9 million, up 22% from $63.0 million a year earlier, and raised its full-year 2026 adjusted net income outlook for a second time this year.

The company now projects full-year 2026 adjusted net income of $104.5 million to $106.5 million, up to 24% from a year earlier, and fourth-quarter adjusted EPS of $0.28 to $0.30, up to 30% year-over-year. That range has a higher lower bound and midpoint than the $100 million to $106 million full-year band it issued after the first quarter, though the two ranges overlap.

GAAP net income was $14.5 million, or $0.14 a share on a diluted basis, compared with $7.1 million, or $0.07 a share, a year earlier. The company said the increase reflected revenue growth and lower non-operating expense.

Adjusted net income (gross) was $29.4 million, or $0.29 a share on a diluted basis, versus $23.6 million, or $0.24 a share, a year earlier. Adjusted EBITDA reached a record $42.3 million. Adjusted EBITDA margin was 55.0%.

Year-over-year revenue growth slowed from 30% in the second quarter and 35% in the first quarter, while sequential revenue continued to rise from $73.0 million. Chief Executive Officer Jay Jackson said the company has posted revenue growth of at least 20% in every quarter it has reported as a public company.

Life solutions revenue was $37.0 million and life solutions related-party revenue $34.3 million in the third quarter, versus $45.5 million and $8.6 million a year earlier. Asset management, related-party and technology services contributed the remainder of the $76.9 million total.

Longevity fund inflows totaled $452.4 million in the third quarter, more than six times the prior-year period, after approximately $256.1 million in the second quarter. Year to date through the third quarter, longevity fund inflows were approximately $997 million, compared with $604 million for all of 2025.

In September, Abacus completed a $400 million securitization collateralized by a diversified portfolio of life insurance policies. The notes received an investment-grade rating from a third-party rating agency, and the company said the offering was oversubscribed and upsized. Jackson said early inquiries about LifeARC represented more than $500 million of self-reported investable assets.

Operating cash flow for the nine months ended September 30, 2026 was $167.4 million, compared with $(18.2) million in the prior-year nine months. Cash and cash equivalents were $104.0 million at September 30, 2026. Balance sheet policy assets held at fair value were $370.0 million, and total outstanding debt, net of deferred issuance costs and discounts, was $405.0 million.

The board authorized a $100 million share repurchase program in August, building on approximately $80 million of common stock repurchased under prior authorized programs since December 2023. The board also approved an annual cash dividend of $0.22 a share, payable December 16, 2026, to shareholders of record as of December 1, 2026, a 10% increase from the $0.20 a share paid last year. The company said it expects to fund the dividend through cash on hand and free cash flow.