REVENUES (Tables)

6 Months Ended

Jun. 30, 2025

The disaggregation of the Company’s revenue by major sources is as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Asset management:
Related party asset management fees	$	6,700,984	$	—	$	13,399,185	$	—
Asset management fees	1,503,839		—		2,232,849		—
Related party servicing revenue	454,065		120,670		780,552		305,855
Portfolio servicing revenue	102,988		84,218		122,367		116,968
Total asset management revenue	8,761,876		204,888		16,534,953		422,823
Life solutions:
Realized gains from life insurance policies held using the fair value method	10,025,640		14,071,261		22,689,625		23,549,473
Premiums paid on sold life insurance policies held using the fair value method	(178,584)		(406,851)		(608,584)		(723,303)
Premiums paid on unsold life insurance policies held using the fair value method	(7,065,396)		(2,709,195)		(14,873,756)		(4,823,783)
Unrealized gains from life insurance policies held using the fair value method	26,840,281		16,051,149		55,348,517		21,341,703
Realized and unrealized gains from life insurance policies held using the fair value method	29,621,941		27,006,364		62,555,802		39,344,090
Related party realized gains from life insurance policies held using the fair value method	53,687,040		—		56,153,818		—
Related party premiums paid on sold life insurance policies held using the fair value method	(1,536,451)		—		(1,606,164)		—
Related party reversal of unrealized gains from prior quarter related to life insurance policies held using the fair value method	(35,975,318)		—		(37,471,037)		—


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Related party realized and unrealized gains from life insurance policies held using the fair value method	16,175,271		—		17,076,617		—
Fee-based services	338,787		—		338,787		6,959,273
Investment income from life insurance policies held using the investment method	—		7,393		—		507,393



Originations	1,164,845		1,857,457		$	3,628,295	$	3,329,707
Total life solutions revenue	47,300,844		28,871,214		83,599,501		50,140,463
Technology services:
Technology services	161,900		—		229,512		—
Total technology services revenue	161,900		—		229,512		—
Total revenue	$	56,224,620	$	29,076,102	$	100,363,966	$	50,563,286

The Company has the following asset management related balances recorded within the following accounts in the consolidated balance sheets:


Balance Sheet Account	June 30, 2025		December 31, 2024
Management and Performance Fee Receivables:
Accounts receivable, related party	$	9,218,910	$	6,772,073
Management and performance fee receivable, related party	14,501,482		13,379,301
Total management and performance fee receivables	$	23,720,392	$	20,151,374
Retrocession Fee Payable:
Other current liabilities	$	5,255,834	$	3,216,639
Retrocession fees payable	5,361,714		5,312,214
Total retrocession fees payable	$	10,617,548	$	8,528,853

The balances of contract liabilities arising from originated contracts with customers were as follows:


	June 30, 2025		December 31, 2024
Contract liabilities, deposits on pending settlements	$	45,869	$	2,473,543
Total contract liabilities	$	45,869	$	2,473,543

Abacus Global Management, Inc. 10-Q