Abacus Life, Inc. financial data

Symbol
ABL, ABLLL, ABLLW on Nasdaq
Industry
Investment Advice
Location
2101 Park Center Drive, Suite 200, Orlando, FL
State of incorporation
DE
Fiscal year end
December 31
Former names
East Resources Acquisition Co (to 7/3/2023)
Latest financial report
10-Q - Q3 2024 - Nov 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 189 % -33.6%
Debt-to-equity -118 % -14.9%
Return On Equity -5.65 % -124%
Return On Assets -2.86 % -120%
Operating Margin 17.4 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 74.7M shares +17.9%
Common Stock, Shares, Outstanding 74.7M shares +17.9%
Entity Public Float 11.7M USD -96.6%
Weighted Average Number of Shares Outstanding, Basic 74.7M shares +17.9%
Weighted Average Number of Shares Outstanding, Diluted 74.7M shares +17.9%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 102M USD +33.3%
Revenue from Contract with Customer, Excluding Assessed Tax 354K USD -15.5%
Cost of Revenue 9.31M USD -35%
Selling and Marketing Expense 8.44M USD +27.3%
General and Administrative Expense 56.8M USD +57.4%
Operating Income (Loss) 17.8M USD +8.73%
Nonoperating Income (Expense) -28.2M USD -93.6%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -6.3M USD -159%
Income Tax Expense (Benefit) 1.91M USD -115%
Net Income (Loss) Attributable to Parent -11.9M USD -151%
Earnings Per Share, Basic -0.21 USD/shares -800%
Earnings Per Share, Diluted -0.22 USD/shares -800%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 19.4M USD -47%
Assets, Current 30.8M USD -22.1%
Property, Plant and Equipment, Net 889K USD +239%
Operating Lease, Right-of-Use Asset 2.03M USD +1087%
Intangible Assets, Net (Excluding Goodwill) 24.7M USD -21%
Goodwill 140M USD -0.25%
Other Assets, Noncurrent 1.65M USD
Assets 477M USD +56.9%
Accounts Payable, Current 0 USD -100%
Accrued Liabilities, Current 2.54M USD +298%
Contract with Customer, Liability, Current 924K USD +165%
Liabilities, Current 23.9M USD +337%
Deferred Income Tax Liabilities, Net 12M USD +13.7%
Operating Lease, Liability, Noncurrent 1.86M USD
Liabilities 219M USD +58.7%
Accumulated Other Comprehensive Income (Loss), Net of Tax 32.7K USD -67.3%
Retained Earnings (Accumulated Deficit) -39.6M USD -39.1%
Stockholders' Equity Attributable to Parent -19.5M USD -3.51%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 258M USD +55.3%
Liabilities and Equity 477M USD +56.9%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 2.27M USD
Net Cash Provided by (Used in) Financing Activities 37.5M USD +366%
Net Cash Provided by (Used in) Investing Activities -6.63K USD +99.3%
Common Stock, Shares Authorized 200M shares 0%
Common Stock, Shares, Issued 75.8M shares +19.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 39.8M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 19.4M USD -47%
Interest Paid, Excluding Capitalized Interest, Operating Activities 1.69M USD
Deferred Tax Assets, Valuation Allowance 0 USD
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 5.7M USD +953%
Operating Lease, Liability 2.27M USD +1208%
Depreciation 154K USD +263%
Payments to Acquire Property, Plant, and Equipment 162K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -12M USD -4185%
Lessee, Operating Lease, Liability, to be Paid 2.94M USD +1148%
Property, Plant and Equipment, Gross 1.06M USD +284%
Operating Lease, Liability, Current 413K USD +138%
Lessee, Operating Lease, Liability, to be Paid, Year Two 571K USD
Lessee, Operating Lease, Liability, to be Paid, Year One 554K USD +369%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure +175%
Deferred Income Tax Expense (Benefit) 456K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 667K USD +980%
Lessee, Operating Lease, Liability, to be Paid, Year Three 588K USD
Deferred Tax Assets, Operating Loss Carryforwards 21.5K USD -87.2%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 1M shares 0%
Unrecognized Tax Benefits 0 USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 605K USD
Operating Lease, Payments 85.3K USD +595%
Additional Paid in Capital 310M USD +59.5%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 6.71M USD 0%
Depreciation, Depletion and Amortization 6.89M USD +2.98%
Deferred Tax Assets, Net of Valuation Allowance 5.7M USD +953%
Share-based Payment Arrangement, Expense 4.58M USD
Interest Expense 13.2M USD +927%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%