Abacus Global Management, Inc. — Earnings Quality Grade F
ABX · Financial Services
Major red flags
Screening Summary
Management Signals
Source: SEC EDGAR 8-K Item 5.02, with exhibit links when available
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 43 days, change -32 days YoY
AR growth 19.7% vs revenue growth 110.2%
Revenue 110.2%, CFFO 87.7%. Cash follows revenue
Expense Quality
No material inventory
CapEx growth 15.7% vs revenue 110.2%. Normal
SG&A/Gross Profit = 49.6%. Normal
Gross margin 87.7%, change -2.1pp. Stable
Cash Flow Quality
CFFO/NI = -0.70. Only -70% of profit backed by cash
Small-cap context: Small-cap CFFO/NI often diverges from working-capital swings, not necessarily manipulation.
FCF < 50% of Net Income for 2 years
Accruals ratio = 6.9%. Elevated
Cash $0.0B covers only 9% of debt $0.4B
Balance Sheet Health
Goodwill+Intangibles $0.3B = 76% of equity. Over 50%
Debt/EBITDA = 3.7x. Healthy
Other assets -22.8% vs revenue 110.2%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions negative for 3 years
Small-cap context: A single acquisition on a small balance sheet can trip serial-acquirer logic.
Goodwill+Intangibles change 0% YoY. Normal
Manipulation Score
M-Score = -1.47 (> -1.78). LIKELY MANIPULATOR
Small-cap context: Beneish M-Score was calibrated on large-caps; small-cap DSO/inventory volatility mechanically inflates it.
Beneish M-Score
Altman Z-Score — Not Applicable
Abacus Global Management, Inc. is a financial company. Z-Score is designed for non-financial companies.
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25