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 - Q2 2024 - Aug 12, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 229 % +50.6%
Debt-to-equity -118 % -14.9%
Return On Equity -3.14 % -106%
Return On Assets -1.58 % -106%
Operating Margin 18.1 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 64M shares +1.63%
Common Stock, Shares, Outstanding 74.4M shares +18.2%
Entity Public Float 11.7M USD -96.6%
Weighted Average Number of Shares Outstanding, Basic 63.8M shares +26.4%
Weighted Average Number of Shares Outstanding, Diluted 67.2M shares +33%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 95.3M USD +156%
Revenue from Contract with Customer, Excluding Assessed Tax 354K USD -15.5%
Cost of Revenue 10.5M USD +182%
Selling and Marketing Expense 7.98M USD +273%
General and Administrative Expense 51.1M USD +2420%
Operating Income (Loss) 17.3M USD -19.1%
Nonoperating Income (Expense) -19.3M USD -76.2%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -6.3M USD -159%
Income Tax Expense (Benefit) 3.87M USD +48.4%
Net Income (Loss) Attributable to Parent -5.9M USD -118%
Earnings Per Share, Basic -0.13 USD/shares -92.3%
Earnings Per Share, Diluted -0.14 USD/shares -92.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 91.3M USD +343%
Assets, Current 102M USD +216%
Property, Plant and Equipment, Net 692K USD +289%
Operating Lease, Right-of-Use Asset 2.11M USD +775%
Intangible Assets, Net (Excluding Goodwill) 26.4M USD -19.9%
Goodwill 140M USD -0.25%
Other Assets, Noncurrent 1.51M USD -16.3%
Assets 484M USD +74.5%
Accounts Payable, Current 0 USD -100%
Accrued Liabilities, Current 2.18M USD +315%
Contract with Customer, Liability, Current 1.44M USD +47.1%
Liabilities, Current 55.4M USD +299%
Deferred Income Tax Liabilities, Net 12M USD +28.8%
Operating Lease, Liability, Noncurrent 1.95M USD +11440%
Liabilities 227M USD +94.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax 64.3K USD -92.7%
Retained Earnings (Accumulated Deficit) -34.5M USD -17.5%
Stockholders' Equity Attributable to Parent -19.5M USD -3.51%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 257M USD +60%
Liabilities and Equity 484M USD +74.5%

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 75.5M shares +19.9%
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 91.3M USD +343%
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 2.24M USD +818%
Depreciation 120K USD +3945%
Payments to Acquire Property, Plant, and Equipment 162K USD
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -6.7M USD -89.3%
Lessee, Operating Lease, Liability, to be Paid 2.96M USD +1094%
Property, Plant and Equipment, Gross 821K USD +340%
Operating Lease, Liability, Current 297K USD +30.7%
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 +169%
Deferred Income Tax Expense (Benefit) 456K USD
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 721K USD +18842%
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 303M USD +60.7%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 6.71M USD
Depreciation, Depletion and Amortization 1.75M USD +159322%
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%