Added to YB: 2026-09-25
Pitch date: 2026-09-21
ABX [bearish]
Abacus Global Management, Inc.
-1.1%
current return
Author Info
No bio for this author
Company Info
Abacus Global Management, Inc. operates as an alternative asset manager and market maker in the United States, Luxembourg, and internationally.
Market Cap
$784.3M
Pitch Price
$8.18
Price Target
N/A
Dividend
2.49%
EV/EBITDA
9.60
P/E
29.55
EV/Sales
4.15
Sector
Insurance
Category
N/A
Study: Circular Financing
ABX (deep dive): Abacus Global Management’s reported economics appear circular: 828 of 1,059 policy sales went to related parties, including funds managed by Carlisle, which Abacus acquired in 2024, while 2025’s $49M of unrealized gains nearly equaled $53M of pre-tax income. After discount rates fell from 21% to 10%, Abacus adopted a valuation method based on observed returns largely generated through related-party sales. With $331M of debt versus $23M cash, the structure depends on related funds continuing to attract capital.
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