Shares of Abacus Global Management (ABL) surged 8.11% in pre-market trading on Friday, following the company's release of its fourth-quarter and full-year 2024 financial results. The impressive earnings report and optimistic 2025 outlook have sparked investor enthusiasm, driving the stock to significant gains.

Abacus Global Management reported a stellar performance for Q4 2024, with total revenue reaching $33.2 million, marking a 40% increase year-over-year. The company's adjusted net income for the quarter soared by 126% to $13.4 million compared to the same period last year. For the full year 2024, Abacus achieved total revenue of $111.9 million, representing a 69% year-over-year increase, while adjusted net income grew by 58% to $46.5 million.

The company's strong financial results were accompanied by strategic moves that have positioned it for future growth. Abacus successfully completed two acquisitions, adding approximately $2.6 billion in assets under management. Additionally, the company raised $181.7 million in equity through oversubscribed offerings, strengthening its liquidity position. Looking ahead, Abacus provided a robust 2025 outlook, projecting adjusted net income growth between 51% and 68%, further fueling investor confidence.

While the company did report a GAAP net loss of $18.3 million for Q4 2024, primarily due to non-cash stock-based compensation and acquisition-related expenses, investors appear to be focusing on the strong underlying performance and growth prospects. The market's positive reaction suggests that shareholders are optimistic about Abacus Global Management's ability to capitalize on its recent successes and continue its impressive growth trajectory in the coming year.