XML 50 R38.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT REPORTING (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Revenue by Segment
Revenue related to the Company’s reportable segments is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Asset management$8,633,803 $116,386 $25,168,756 $539,209 
Life solutions54,122,577 28,032,105 137,722,078 78,172,568 
Technology services218,776 — 448,288 — 
Total revenue$62,975,156 $28,148,491 $163,339,122 $78,711,777 
Schedule of Segment Information
Cost of revenue (including stock-based compensation) related to the Company’s reportable segments is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Asset management$4,342,919 $401,493 $10,132,030 $932,556 
Life solutions2,538,939 1,786,488 8,950,343 6,719,856 
Technology services773,840 — 1,736,376 — 
Total cost of revenue (including stock-based compensation)$7,655,698 $2,187,981 $20,818,749 $7,652,412 
Gross profit related to the Company’s reportable segments and the reconciliation of the total gross profit to net income (loss) is as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Asset management$4,290,884 $(285,107)$15,036,726 $(393,347)
Life solutions51,583,638 26,245,617 128,771,735 71,452,712 
Technology services(555,064)— (1,288,088)— 
Total gross profit55,319,458 25,960,510 142,520,373 71,059,365 
Sales and marketing(3,799,884)(2,169,197)(9,683,599)(6,651,942)
General and administrative (including stock-based compensation)(24,706,314)(15,489,503)(55,896,429)(41,396,346)
Depreciation and amortization expense(4,400,082)(1,745,279)(14,342,711)(5,177,785)
Other (expense) income(629,127)(9,832)2,044,521 132,610 
Loss on change in fair value of warrant liability(1,081,193)(8,766,500)(1,704,193)(8,487,040)
Interest expense(9,738,472)(4,218,314)(28,108,947)(12,417,946)
Interest income803,648 609,496 2,990,927 1,670,828 
(Loss) gain on change of fair value of debt— (124,237)3,362,103 (4,036,327)
Unrealized gain on investments— 417,677 — 1,220,161 
Realized gain on equity securities, at fair value— — — 856,744 
Income tax expense (benefit)(4,692,686)250,368 (11,096,742)(2,680,855)
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Less: Net loss (income) attributable to non-controlling interest— 159,756 (786,683)204,716 
NET INCOME (LOSS) ATTRIBUTABLE TO ABACUS GLOBAL MANAGEMENT, INC.$7,075,348 $(5,125,055)$29,298,620 $(5,703,817)
Schedule of Revenue by Geographic Location
Revenue by geographic location:
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
United States$54,551,752 $21,458,848 $137,860,623 $67,506,625 
Luxembourg7,492,819 3,341,529 23,242,276 4,934,499 
Other930,585 3,348,114 2,236,223 6,270,653 
Total revenue$62,975,156 $28,148,491 $163,339,122 $78,711,777