Abacus Global Management Reports 124% Revenue Growth in Q3
Abacus Global Management published a letter from the Company's Chairman and Chief Executive Officer, Jay Jackson. "At Abacus, we control our own destiny. Nearly 80% of our employees are shareholders, not because they have to be, but because they believe in what we're building. That ownership mentality drives every decision we make-and it delivered record third quarter results, including year-over-year revenue growth of 124%, adjusted net income growth of 60%, adjusted EBITDA growth of 127% with margins of 60%, and 10 consecutive quarters of beating earnings expectations... Today, fee-related earnings, such as management fees, servicing fees, and other recurring income, represent approximately 15% of our total revenue. Our target is 70% over time, including significant growth from our two younger divisions... One of our most important milestones this year was the completion of a $50 million investment grade securitized note backed by life insurance assets... This transaction expands our institutional distribution by introducing Abacus to banks, insurance companies, and fixed income investors seeking non-correlated yield... The most important takeaway: Abacus remains the servicer of the securitized assets. Retaining servicing ensures institutional partners benefit from our operational expertise while providing us with recurring fee-based revenue and visibility into asset performance... In 2026, we are launching an asset-based finance strategy within Abacus Asset Group to continue accelerating our AUM and fee-related earnings growth. "
