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Abacus targets $450 million adjusted EBITDA by 2030

Abacus said adjusted EBITDA is expected to rise to $250 million in 2028 from about $135 million in 2025, supported by higher fee-based recurring revenue.

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Abacus Global Management is targeting $450 million in adjusted EBITDA by 2030 as it aims to grow recurring revenue across asset management, wealth management, and its lifespan technology, according to remarks made at the company’s investor day.

The company expects adjusted EBITDA to reach $250 million in 2028, up from approximately $135 million in 2025. Abacus also projected fee-based recurring revenue to climb from 16% today to 70% by 2030.

Abacus said its Life Solutions division, which includes its life settlement operations, currently accounts for about 84% of total revenue. It expects that share to fall to 40% in 2028 and 30% in 2030 as other businesses expand.

For 2025, Abacus reported $235 million in revenue and $133 million in adjusted EBITDA, while first-quarter 2026 revenue rose 34.6% year over year to $59.4 million and adjusted EBITDA reached $32.7 million. For 2026, it guided for adjusted net income of $100 million to $106 million and more than $5 billion in assets under management by year-end, and it said it is testing its LifeARC actuarial risk calculator with Manning & Napier, in which it holds a minority stake.

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