Abacus Global Management, Inc. ($ABX) reported second-quarter 2026 revenue of $73.0 million, up 29.9% year over year and above the $66.7 million analyst estimate. Gross profit rose 27.5% to $64.0 million, showing continued top-line growth and solid direct profitability.
Operating profit came in at $21.5 million, down 4.6% from a year earlier, while net income attributable to common shareholders dropped sharply to $6.6 million. Diluted earnings per share declined to $0.07, below the $0.24 estimate.
Cash generation weakened materially, with cash from operating activities falling to $91.7 million from a much stronger prior-year level. The company ended the period with $23.4 million in cash and cash equivalents, while total liabilities were roughly $428.1 million.
- Revenue: $73.0 million, up 29.9%
- Gross profit: $64.0 million, up 27.5%
- Net income: $6.6 million, down 62.3%
- Diluted EPS: $0.07
- Operating cash flow: $91.7 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Abacus Global Management, Inc. Insider Trading Activity
Abacus Global Management, Inc. insiders have traded $ABX stock on the open market 6 times in the past 6 months. Of those trades, 0 have been purchases and 6 have been sales.
Here’s a breakdown of recent trading of $ABX stock by insiders over the last 6 months:
- KEVIN SCOTT KIRBY has made 0 purchases and 2 sales selling 40,720 shares for an estimated $415,225.
- MATTHEW GANOVSKY has made 0 purchases and 2 sales selling 40,719 shares for an estimated $415,215.
- SEAN MCNEALY has made 0 purchases and 2 sales selling 40,719 shares for an estimated $415,215.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Abacus Global Management, Inc. Hedge Fund Activity
We have seen 66 institutional investors add shares of Abacus Global Management, Inc. stock to their portfolio, and 54 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALYESKA INVESTMENT GROUP, L.P. removed 1,176,445 shares (-57.3%) from their portfolio in Q1 2026, for an estimated $9,270,386
- ASHFORD CAPITAL MANAGEMENT INC added 864,900 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,815,412
- MORGAN STANLEY added 847,166 shares (+408.3%) to their portfolio in Q1 2026, for an estimated $6,675,668
- CITADEL ADVISORS LLC removed 802,112 shares (-90.0%) from their portfolio in Q1 2026, for an estimated $6,320,642
- GOLDMAN SACHS GROUP INC removed 797,187 shares (-65.5%) from their portfolio in Q1 2026, for an estimated $6,281,833
- BNP PARIBAS FINANCIAL MARKETS removed 290,147 shares (-97.2%) from their portfolio in Q1 2026, for an estimated $2,286,358
- PANAGORA ASSET MANAGEMENT INC added 218,089 shares (+inf%) to their portfolio in Q2 2026, for an estimated $2,335,733
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
