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Combination Abacus Global Management, Inc. ( we, us, our, the Company, or Abacus ) was formerly known as Abacus Life, Inc. and East Resources Acquisition Company ( ERES ). The Company was initially organized as ERES, a blank check company incorporated in Delaware on May 22, 2020.
37.73% operating margin is above average. ROIC at 9.16%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue up 110.2% YoY with margins expanding 38.5pp.
Negative free cash flow of -$27M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$250M
▲ +110.2% YoY
Net Income (TTM)
$38M
▲ +252.4% YoY
Op. Margin
34.36%
▲ +38.5pp YoY
ROIC
9.67%
▲ +9.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$127M
▲ +87.3% YoY
Op. Cash Flow (TTM)
$128M
▲ +87.7% YoY
Net Debt
$304M
Cash & Equiv.
$37M
3Y CAGR: +73.9%
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