ADAMAS TRUST, INC.
ADAMAS TRUST, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Residential Loans | - | - | - | - | - | - | 3,842 | - | - | - | 3,084 | - | |||||
Residential Mortgage Loans At Fair Value | - | - | - | - | 113 | 3,913 | - | 274 | 400 | 3,103 | - | -143 | |||||
Assets | |||||||||||||||||
Multi Family Loans | - | - | - | - | -12 | 87 | 86 | -5 | 1 | 92 | 96 | 1 | |||||
Repurchase Agreements | - | - | - | - | 422 | 4,486 | 4,012 | 659 | 440 | 2,512 | 2,471 | 850 | |||||
Collateralized Debt Obligations | - | - | - | - | -20 | 758 | 843 | -70 | -136 | 1,109 | 1,277 | -52 | |||||
Debt Securities Available For Sale Excluding Accru… | 6,983 | 6,960 | 6,905 | 6,839 | 5,110 | 4,647 | 3,829 | - | - | - | - | - | |||||
Financial Instruments Owned Mortgages Mortgage Bac… | 4,781 | 4,498 | 4,358 | 4,152 | - | - | 3,842 | - | - | - | - | - | |||||
Mortgages Held For Sale Fair Value Disclosure | 59 | 122 | 81 | 105 | - | - | 0 | - | - | - | - | - | |||||
Equity Method Investments | 23 | 23 | 25 | 29 | 91 | 94 | 113 | 147 | 143 | 138 | 147 | 156 | |||||
Cash And Cash Equivalents At Carrying Value | 212 | 209 | 210 | 185 | 160 | 177 | 167 | 195 | 236 | 227 | 187 | 228 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | 1 | 1 | 112 | 113 | 119 | 198 | 374 | 146 | 426 | 910 | |||||
Goodwill | 22 | 22 | 22 | 22 | - | - | 0 | - | - | - | - | - | |||||
Other Assets | 386 | 434 | 428 | 398 | 368 | 355 | 438 | 361 | 329 | 345 | 315 | 245 | |||||
Assets | 12,964 | 12,790 | 12,639 | 12,402 | 10,552 | 10,004 | 9,217 | 8,906 | 8,229 | 7,447 | 7,401 | 6,938 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Securities Sold Under Agreements To Repurchase | - | - | - | - | - | - | - | - | - | - | 2,471 | - | |||||
Liabilities | |||||||||||||||||
Assets Sold Under Agreements To Repurchase Carryin… | 7,067 | 7,019 | 6,753 | 6,481 | - | - | 4,012 | - | - | - | - | - | |||||
Secured Debt | 3,582 | 3,469 | 3,512 | 3,577 | - | - | 2,978 | - | - | - | 1,871 | - | |||||
Unsecured Debt | 348 | 340 | 360 | 357 | 236 | 239 | 159 | 160 | 158 | 98 | 98 | 98 | |||||
Subordinated Debt | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | 45 | |||||
Long Term Notes Payable | 275 | 276 | 332 | 363 | 364 | 365 | 367 | 492 | 593 | 851 | 784 | 397 | |||||
Liabilities Of Disposal Group Including Discontinu… | - | - | 0 | 0 | 92 | 91 | 97 | 178 | 340 | 122 | 386 | 767 | |||||
Other Liabilities | 175 | 184 | 206 | 174 | 146 | 173 | 148 | 146 | 126 | 111 | 118 | 117 | |||||
Liabilities | 11,492 | 11,333 | 11,208 | 10,997 | 9,156 | 8,586 | 7,806 | 7,434 | 6,764 | 5,927 | 5,773 | 5,321 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 540 | 540 | 540 | 540 | 539 | 535 | 535 | 535 | 535 | 535 | 535 | 535 | |||||
Common Stock Value | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Additional Paid In Capital | 2,306 | 2,308 | 2,294 | 2,279 | 2,282 | 2,285 | 2,289 | 2,279 | 2,281 | 2,289 | 2,297 | 2,307 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -2 | |||||
Retained Earnings Accumulated Deficit | -1,375 | -1,393 | -1,409 | -1,430 | -1,441 | -1,419 | -1,431 | -1,371 | -1,385 | -1,341 | -1,254 | -1,266 | |||||
Stockholders Equity | 1,472 | 1,454 | 1,427 | 1,391 | 1,384 | 1,405 | 1,395 | 1,444 | 1,432 | 1,499 | 1,600 | 1,596 | |||||
Minority Interest | -3 | -3 | 0 | 0 | 3 | 3 | 4 | 6 | 10 | 14 | 20 | 20 | |||||
Liabilities And Stockholders Equity | 12,964 | 12,790 | 12,639 | 12,402 | 10,552 | 10,004 | 9,217 | 8,906 | 8,229 | 7,447 | 7,401 | 6,938 | |||||
Residential Collateralized Debt Obligations At Fai… | 124 | 3,116 | 3,148 | 576 | 197 | 2,429 | 2,136 | 323 | 497 | 1,080 | 594 | -32 | |||||
Residential Collateralized Debt Obligations | -11 | 353 | 364 | -363 | -20 | 758 | 843 | -70 | -136 | 1,109 | 1,277 | -52 | |||||
Senior Unsecured Notes At Fair Value | 8 | 340 | 261 | 120 | -2 | 140 | 60 | 1 | 60 | - | 0 | - | |||||
Senior Unsecured Notes | 0 | 0 | 100 | 0 | -0 | 99 | 99 | 0 | 98 | - | 98 | - | |||||
Preferred Stock Series Shares | - | - | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Variable Interest Entity Primary Beneficiary | 105 | 4,239 | 4,368 | 4,466 | -1 | 13 | 3,989 | 0 | 265 | 20 | 3,817 | -14 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.01 | 0.01 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Authorized | 200 | 32 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Issued | 22 | 22 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Shares Outstanding | 22 | 22 | - | - | - | - | - | - | - | - | - | - | |||||
Preferred Stock Liquidation Preference Value | 560 | 560 | - | - | - | - | - | - | - | - | - | - | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | |||||
Common Stock Shares Issued | 90 | 90 | 90 | 90 | 90 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | |||||
Shares Outstanding | 90 | 90 | 90 | 90 | 90 | 91 | 91 | 91 | 91 | 91 | 91 | 91 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.11% | 2.70% | 4.16% | - | - | - | - | - | - | - | - | - |
| 2025 | -3.46% | 0.45% | 3.55% | 8.51% | 12.31% | 7.96% | 12.06% | 10.61% | 25.78% | -3.32% | -3.70% | 12.04% |
| 2024 | -4.99% | 0.48% | 10.67% | 7.78% | 9.24% | -6.70% | 4.55% | 7.50% | 8.05% | 5.73% | -14.87% | 3.97% |
| 2023 | - | - | - | -0.22% | -1.84% | -12.08% | 7.50% | 10.37% | 6.27% | -1.77% | -2.24% | -13.86% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | 1.32 | 1.13 | 0.92 | 0.37 | 0.45 | 0.25 | -0.70 | -0.17 | -0.84 | -0.79 | -0.40 | -0.90 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 1.67 | 1.17 | 1.10 | 0.55 | 0.67 | 0.40 | -0.68 | -0.33 | -1.85 | -1.97 | -0.99 | -1.75 | |||||
| Free Cash Flow Per Share TTM | 1.57 | 0.83 | 1.30 | 0.89 | 0.91 | 0.38 | -0.12 | -0.32 | -0.04 | -0.11 | -0.22 | -0.35 | |||||
| Dividend Per Share TTM | 0.90 | 0.87 | 0.84 | 0.81 | 0.81 | 0.81 | 0.83 | 0.93 | 1.03 | 1.22 | 1.41 | 1.53 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 26.32% | 25.55% | 24.80% | 24.17% | 23.43% | 22.16% | 20.90% | 9.57% | 9.78% | 9.55% | 10.51% | 29.66% | |||||
| Operating Profit Margin TTM | 34.76% | 29.00% | 22.89% | 9.04% | 10.66% | 5.58% | -23.16% | -7.81% | -51.77% | -60.29% | -30.05% | -63.01% | |||||
| Net Profit Margin TTM | 22.77% | 16.72% | 16.80% | 9.21% | 12.21% | 8.18% | -15.46% | -8.36% | -52.69% | -62.80% | -34.81% | -65.67% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 36.30% | 44.09% | 50.01% | 51.88% | 56.05% | 56.66% | 55.14% | 49.01% | 29.25% | 11.05% | 0.11% | -1.99% | |||||
| Net Income Growth (1Y) | 154.16% | 194.34% | -263.00% | -267.32% | -136.17% | -120.42% | -31.11% | -81.04% | -6.68% | -23.85% | -73.56% | -29.08% | |||||
| EPS Growth (1Y) | 155.13% | 195.09% | -263.70% | -267.65% | -136.44% | -120.54% | -30.93% | -80.96% | -6.47% | -23.68% | -72.61% | -26.52% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 5.47 | 5.99 | 6.13 | 11.34 | 8.78 | 13.74 | -7.35 | -15.18 | -2.46 | -2.74 | -6.29 | -3.45 | |||||
| P/B TTM | 0.57 | 0.44 | 0.43 | 0.41 | 0.39 | 0.36 | 0.33 | 0.32 | 0.29 | 0.33 | 0.35 | 0.35 | |||||
| P/S TTM | 1.25 | 1.00 | 1.03 | 1.04 | 1.07 | 1.12 | 1.14 | 1.27 | 1.29 | 1.72 | 2.19 | 2.27 | |||||
| Market Cap | 844.00M | 644.91M | 619.84M | 573.47M | 533.40M | 502.65M | 456.07M | 459.01M | 412.35M | 491.86M | 566.35M | 550.62M | |||||
| Enterprise Value | 906.64M | 555.55M | 609.60M | 638.50M | 630.38M | 593.70M | 655.25M | 619.33M | 637.12M | 1.12B | 1.02B | 592.00M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 141.45M | 74.77M | 117.31M | 80.89M | 82.14M | 34.36M | -10.58M | -28.77M | -3.67M | -10.04M | -20.46M | -32.27M | |||||
| Net Debt | 62.63M | -89.36M | -10.25M | 65.03M | 96.98M | 91.05M | 199.18M | 160.32M | 224.77M | 623.80M | 453.78M | 41.38M | |||||
Per-Share and Margin | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
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| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
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| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Net Income Growth (3Y) | |||||||||||||||||
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| Net Profit Margin Growth (1Y) | |||||||||||||||||
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| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| Altman C | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| Effective Tax Rate TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
ADAMAS TRUST, INC. (ADAM) — SEC Financial Statements & Analysis
ADAMAS TRUST, INC. (ADAM) is a real estate investment trusts company, incorporated in MD. ADAMAS TRUST, INC. trades on Nasdaq as: ADAM, ADAMG, ADAMH, ADAMI, ADAML, ADAMM, ADAMN, ADAMO, ADAMZ. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), ADAMAS TRUST, INC. reported a 36.30% year-over-year revenue growth, a Gross Profit Margin of 26.32% (TTM), a Price-to-Sales (P/S) ratio of 1.25x (TTM), a Price-to-Book (P/B) ratio of 0.57x (TTM), at a market cap of $844.00M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 36.30%
- Gross Profit Margin TTM
- 26.32%
- P/S TTM
- 1.25x
- P/B TTM
- 0.57x
- Market Cap
- $844.00M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is ADAMAS TRUST, INC. in?
ADAMAS TRUST, INC. (ADAM) operates in the Real Estate Investment Trusts industry.
What is ADAM's market cap?
ADAMAS TRUST, INC. (ADAM) has a market capitalization of $844.00M as of 2026-06-30.
What is ADAM's P/E ratio?
ADAMAS TRUST, INC. (ADAM)'s trailing twelve month P/E ratio is 5.47x as of 2026-06-30.
What exchange does ADAM trade on?
ADAMAS TRUST, INC. (ADAM) trades on the Nasdaq.
Where is ADAMAS TRUST, INC. incorporated?
ADAMAS TRUST, INC. is incorporated in MD.