ABX
Abacus Global Management, Inc.
ABX's fundamentals are strong: revenue grew 65% and its operating margin rose 11 points to 32%. At 33x earnings, it's trading right at its usual valuation. Analysts expect that strong growth to continue.
ABX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
ABX's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like ABX.
ABX PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 7.5x | $8.78 | — |
| Cheap | 25x | $6.77 | -23% |
| Fair | 32x | $8.54 | -2.7% |
| Current | 33x | $8.78 | — |
| Expensive | 209x | $56.46 | +543% |
Historical ranges are pointers, not guarantees.
ABX's PE is in its fair range at 33x. If earnings grow as analysts expect, today's price would be 7.5x next year's earnings, in its cheap range.
ABX Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for ABX, with profitability improving.
ABX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.17 | +333% |
| Q2 2026 | $0.27 | +$0.37 |
| Q1 2026 | $0.38 | +$0.65 |
| Q4 2025 | $0.36 | +$0.70 |
| Q3 2025 | $0.04 | +$0.26 |
| Q2 2025 | -$0.10 | +$0.04 |
| Q1 2025 | -$0.27 | -$0.25 |
ABX has returned to profit: it earned $0.27 per share over the past year, after losing money the year before.
ABX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $73M | +30% |
| Q1 2026 | $59.4M | +35% |
| Q4 2025 | $71.9M | +116% |
| Q3 2025 | $63M | +124% |
| Q2 2025 | $56.2M | +93% |
| Q1 2025 | $44.1M | +105% |
| Q4 2024 | $33.2M | +40% |
| Q3 2024 | $28.1M | +33% |
ABX's revenue has grown year over year every quarter since early 2024: $73M last quarter, up 30% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 29% | -11 points |
| Q1 2026 | 31% | -17 points |
| Q4 2025 | 32% | +82 points |
| Q3 2025 | 36% | +11 points |
| Q2 2025 | 40% | +17 points |
| Q1 2025 | 48% | +37 points |
| Q4 2024 | -50% | -59 points |
| Q3 2024 | 24% | -5.5 points |
ABX's operating margin was 29% last quarter, down 11 points from the same quarter a year ago.
ABX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $38.4M | -49% |
| Q1 2026 | $91.6M | +$153.4M |
| Q4 2025 | -$7.6M | +$84.6M |
| Q3 2025 | -$32.9M | +$19.6M |
| Q2 2025 | $75.7M | +$142.7M |
| Q1 2025 | -$61.8M | -3036% |
| Q4 2024 | -$92.2M | -$78.7M |
| Q2 2024 | -$67M | -$29.1M |
ABX's free cash flow was $89M over the past year, against −$131M the year before. Free cash flow isn't a meaningful measure for financial services companies like ABX.
ABX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.1% | -1.1M shares |
| 1 year | +1.1% | +1.1M shares |
| 3 years | +128% | +55.3M shares |
ABX has 98M diluted shares, up 1.1% from a year ago, despite $33M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $9.9M |
| Q1 2026 | $14.5M |
| Q4 2025 | $5.5M |
| Q3 2025 | $3.2M |
| Q2 2025 | $35.1M |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
ABX spent $33M buying back its own shares over the past year, down 5.6% from the year before.
ABX Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 3.0x | Elevated |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 3.4x | Elevated |
| Q3 2025 | 4.9x | High |
| Q2 2025 | -1.5x | Net Cash |
| Q1 2025 | -1.5x | Net Cash |
| Q4 2024 | -18.7x | Net Cash |
| Q3 2024 | -0.2x | Net Cash |
ABX's net debt is about 3.0 years of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like ABX.
ABX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 48.3 | Neutral |
| Stochastic | 35.8 | Neutral |
ABX's weekly RSI is 48 (neutral) and its Stochastic is 36 (neutral).
ABX PE vs Financial Services Sector
| Metric | ABX | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 13x | 150% above |
| PE % | 53 | 62 | 9 pts below |
ABX is trading at 33x earnings, a 150% premium to the Financial Services sector's median of 13x.
ABX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.36 | 5% above |
| 20 week MA | $9.35 | 6.1% below |
| 50 week MA | $8.97 | 2.1% below |
| 100 week MA | $7.90 | 11% above |
| 200 week MA | $8.72 | 0.7% above |
ABX's trend is mixed: it's above three of its five weekly moving averages, and 0.7% above its 200-week average.
ABX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.76 | $9.98 | +2.3% |
| 2021 | $9.98 | $9.86 | -1.2% |
| 2022 | $9.86 | $10.1 | +2.5% |
| 2023 | $10.1 | $9.66 | -4.5% |
| 2024 | $9.66 | $7.75 | -20% |
| 2025 | $7.75 | $8.50 | +9.7% |
| 2026 YTD | $8.50 | $8.78 | +3.3% |
ABX has finished lower in three of the last six years. It's up 3.3% so far in 2026.