Abacus Global Management, Inc.ABX

Abacus Global Management, Inc. Goodwill & Intangibles Disclosure

10-KFiled Mar 13, 20262 min read
GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill of $252,779,884 was recognized as a result of the business combinations, which represent the excess fair value of consideration over the fair value of the underlying net assets. Refer to Note 3, Business Combinations for further discussion.
The changes in the carrying amount of goodwill by reportable segments were as follows:
Reportable SegmentDecember 31, 2024AdditionsAdjustmentsDecember 31, 2025
Life Solutions$139,930,190 $7,077,167 $— $147,007,357 
Asset Management98,366,010 — 7,406,517 105,772,527 
Total$238,296,200 $7,077,167 $7,406,517 $252,779,884 
Intangible Assets Acquired comprised of the following:
Asset TypeFair ValueUseful LifeValuation Methodology
Management agreements$47,400,000 
4 - 8 years
Multi-period excess-earnings method
Customer relationships31,693,300 
3 - 10 years
Multi-period excess-earnings method
Non-compete agreements7,400,000 
1 - 3 years
With or Without Method
Internally developed and used technology2,100,000 
2 - 3 years
Replacement Cost Method
Trade Name2,500,000 
3 - 10 years
Relief from Royalty Method
State Insurance Licenses2,700,000 IndefiniteReplacement Cost Method
Trade Name900,000 IndefiniteRelief from Royalty Method
$94,693,300 
Intangible assets and related accumulated amortization as of December 31, 2025 are as follows:

December 31, 2025
Gross Value Accumulated AmortizationNet Book Value
Definite Lived Intangible Assets:
Management agreements$47,400,000 $9,032,419 $38,367,581 
Customer relationships31,693,300 11,335,052 20,358,248 
Non-compete agreements7,400,000 5,930,556 1,469,444 
Internally developed and used technology2,100,000 1,827,777 272,223 
Trade Name2,500,000 286,111 2,213,889 
Total$91,093,300 $28,411,915 $62,681,385 
Indefinite Lived Intangible Assets:
State Insurance Licenses2,700,000 — 2,700,000 
Trade Name900,000 — 900,000 
Total$94,693,300 $28,411,915 $66,281,385 
All intangible assets with finite useful lives are subject to amortization when they are available for their intended use. Amortization expense for definite-lived intangible assets was $17,335,728 and $7,712,023 for the years ended December 31, 2025 and 2024, respectively.
Estimated annual amortization of intangible assets for the next five years ending December 31 and thereafter is as follows:
2026$15,211,950 
202715,014,728 
202811,501,255 
20297,813,616 
20305,999,171 
Thereafter7,140,665 
Total$62,681,385 
The Company also has other insignificant intangible assets of $79,059 as of December 31, 2025.
The Company performed the annual goodwill impairment test as of October 1, 2025, which was a qualitative evaluation, and no impairment charges were recorded.

Historical Timeline

Fiscal YearFiled
2025Mar 13, 2026Showing above
2024Mar 28, 2025
2023Mar 21, 2024

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

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