American Bitcoin vs Abacus Global Management
Abacus Global Management is the larger business, with $235m of revenue in fiscal 2025 against $185m for American Bitcoin (1.3 times as much). American Bitcoin grew faster (158.8% against 110.2%). Abacus Global Management kept more of each dollar of sales as profit: a net margin of 15.5% against -82.7%.
| Latest fiscal year | American BitcoinABTC, 2025 | Abacus Global ManagementABX, 2025 |
|---|---|---|
| Revenue | $185m | $235m |
| Revenue growth | 158.8% | 110.2% |
| Net income | −$153m | $36.5m |
| Operating margin | — | 37.7% |
| Net margin | -82.7% | 15.5% |
| Return on equity | -18.2% | 8.7% |
| Free cash flow | −$79.6m | −$26.6m |
| Cash | $3.8m | $38.1m |
| Total debt | $5.5m | $413m |
| Debt to equity | — | 98.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $43.8m |
| Employees | — | — |
| Market value | $473m | $843m |
| Price vs our value range | — | — |
| Moat score | — | — |
| Insider trades, 12 months | 9 buys, 0 sales | 0 buys, 20 sales |