Abacus Global Management Inc. - 2026年度季度报告

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March31, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Abacus Global Management, Inc. (Exact name of registrant as specified in its charter) (800) 561-4148Registrant's telephone number, including area code Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) hasfiled all reports required to befiled by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required tofile such reports), Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant Indicate by check mark whether the registrant is a large acceleratedfiler, an acceleratedfiler, a non-acceleratedfiler, a smaller reportingcompany, or an emerging growth company. See the definitions of “large acceleratedfiler,” “acceleratedfiler,” “smaller reporting If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes The registrant had 95,922,367 shares of common stock, $0.0001 par value per share, issued and outstanding as of May1, 2026. ABACUS GLOBAL MANAGEMENT, INC. TABLE OF CONTENTS PART II. OTHER INFORMATION Table of Contents PART I - FINANCIAL INFORMATIONItem 1. - Financial Statements ABACUS GLOBAL MANAGEMENT, INC. ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED BALANCE SHEETS (CONT.) Table of Contents ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME Table of Contents ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY Table of Contents ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS ABACUS GLOBAL MANAGEMENT, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (CONT.) ABACUS GLOBAL MANAGEMENT, INC. CONDENSED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 1.BASIS OF PRESENTATION Theaccompanying consolidated financial statements(“Interim Financial Statements”)are presented inaccordance with the rules and regulations of the United States ("U.S.") Securities and Exchange Commission("SEC") and do not include all of the disclosures normally required by U.S. generally accepted accountingprinciples (“U.S. GAAP” or “GAAP”) as contained in the Company’s Annual Report on Form 10-K. We havecondensed or omitted certain information and footnote disclosures normally included infinancial statementspresented in accordance with GAAP. Accordingly, the Interim Financial Statements should be read in conjunctionwith the consolidatedfinancial statements and notes thereto included in the Company’s most recent Annual The Interim Financial Statements presented herein and discussed below include 100% of the assets, liabilities,revenues, expenses, and cashflows of Abacus Global Management, Inc., (the “Company”) all entities in which theCompany has a controlling voting interest (“subsidiaries”), and variable interest entities (“VIEs”) for which theCompany is the primary beneficiary, as determined in accordance with consolidation accounting guidance.References in these Interim Financial Statements to net income or loss attributable to common stockholders and The Interim Financial Statements have been prepared on a basis consistent with the audited annualfinancialstatements as of and for the year ended December31, 2025, and, in the opinion of management, reflect alladjustments, consisting solely of normal recurring adjustments, necessary for the fair presentation of theCompany’sfinancial position, the results of our operations, and cashflows for the periods presented. The Interim The preparation offinancial statements in conformity with GAAP requires management to make estimates andassumptions that affect amounts reported in thefinancial statements and accompanying notes. Such estimatesinclude, but are not limited to, revenue recognition, cost of revenue, life settlement policy valuation, goodwill and 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES New Accounting Standards—The Company’s management reviews recent accounting standards to determine theimpact to the Company’sfinancial statements. There were no new accounting standard updates (“ASU”) issued by ASU 2025-05—”Financial Instruments—Credit Losses (Topic 326):Measurement of Credit Losses for Accou