Abacus Global raises 2026 guidance after strong Q1 results

Abacus Global Management CEO Jay Jackson joined Steve Darling from Proactive to discuss the company’s strong first-quarter financial results and increased full-year guidance as momentum continues across its longevity-focused investment platform. Abacus reported first-quarter revenue of $59.4 million, representing a 35% increase from $44.1 million in the same period last year. Growth was driven primarily by continued expansion in the company’s Life Solutions segment. GAAP net income increased 59% year over year to $7.3 million, while adjusted net income rose 17% to $20.1 million. Adjusted earnings per share improved to $0.21 from $0.18 a year earlier, and adjusted EBITDA climbed 33.3% to $32.7 million. The company also generated strong cash flow during the quarter, with operating cash flow totaling $91.7 million compared to negative $61.6 million in the prior-year period. Management attributed the improvement to increased cash generation tied to expanding assets under management....