Adamas Trust, Inc.

Adamas Trust, Inc.

ADAM
Adamas Trust, Inc.US flagNASDAQ Global Market
9.00
USD
-0.05
- -
808.30MMarket Cap
Adamas Trust, Inc.
ADAM
(NASDAQ Global Market)

Recent

price

9.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.52
6.65
6.34
6.15
8.58
4.55
3.83
4.36
4.6
4.01
-2.24
3.17
0.09
3.35
2.63
3.9
4.49
Revenue per Share
2.89
1.82
4.34
4.43
5.94
2.47
1.99
2.73
2.49
2.62
-3.55
1.59
-3.61
-0.99
-1.14
1.12
1.19
Basic EPS, GAAP
-0.13
5.11
4.46
3.61
1.71
1.34
1.97
1.05
0.76
0.63
1.19
1.47
0.97
0.33
0.05
1.48
1.01
Free Cash Flow per Basic Share
3.44
3.15
3.42
4.29
4.21
4.52
4.31
3.82
3.82
3.4
1.58
2.06
2.05
1.87
1.29
1.35
1.4
Dividend per Share
-35.89
-30.39
-7.84
0.04
1.53
-0.39
-2.24
-2.67
-3.19
-2.64
-5.9
-5.86
-11.15
-13.76
-15.74
-15.57
-15.41
Book Value per Share
29.08
32.89
49.41
27.63
33.94
26.62
24.33
23.64
27.2
30.27
19.44
19.55
14.06
11.98
9.41
9.17
9.5
Tangible Book Value per Share
2
3
7
15
22
27
27
28
32
55
93
95
94
91
91
90
90
Basic Weighted Avg Shares
15
17
41
91
188
123
105
122
146
222
-207
301
9
305
239
353
406
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
-3
6
10
13
-3
1
8
- -
-29
-56
15
51
153
52
60
40
39
Depreciation Expense
7
5
28
69
136
78
68
92
103
174
-289
193
-299
-49
-62
149
155
Net Income, GAAP
- -
8.26
3.2
1.06
4.49
5.49
4.38
3.65
- -
- -
- -
1.29
- -
- -
- -
0.11
0.18
Effective Tax Rate (%)
44.32
27.36
68.48
75.88
72.3
63.22
64.31
75.52
70.25
78.32
139.06
64.21
-3,435.8
-15.98
-25.96
42.24
38.29
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
265
245
5,663
8,379
8,471
7,097
6,922
9,572
11,325
17,996
1,841
2,521
2,648
2,805
3,555
4,255
4,135
LT Debt
68
86
322
481
818
881
851
976
1,180
2,205
2,308
2,432
1,864
1,628
1,411
1,430
1,458
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
760.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
4,342
4,249
4,130
LT Finance Leases
5
6
5
Preferred Equity and Hybrid Capital
540
540
540
Shares Outstanding
90
90
90
Market Capitalization
631
660
665

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
1,816
7,115
1,678
Accounts Receivable, Net
73
76
77
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
135
152
130
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.12%
-8.52%
1.37%
Free Cash Flow
289.86%
530.55%
2,813.28%
Net Income, GAAP
-98.06%
-163.61%
-340.29%
Sales/Revenue/Turnover
296.78%
617.71%
47.71%
Total Cash Common Dividend
0.29%
-2.83%
-1.23%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
57
53
94
38
239
2025
90
52
102
108
353
2026
143
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.75
-0.29
0.36
-0.46
-1.14
2025
0.33
-0.04
0.36
0.46
1.12
2026
0.41
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.34
0.32
0.32
0.32
1.29
2025
0.32
0.33
0.33
0.36
1.35
2026
0.37
- -
- -
- -
- -
Business
Adamas Trust, Inc. (Nasdaq: ADAM) is an internally managed real estate investment trust that acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company targets a diversified portfolio including business purpose loans; agency residential mortgage-backed securities (RMBS); non-agency RMBS; structured multi-family property investments such as preferred equity and mezzanine loans to owners of multi-family properties; other mortgage-, residential housing-, and credit-related assets and strategic investments; commercial mortgage-backed securities (CMBS); and single-family rental properties. Adamas Trust, Inc., formerly New York Mortgage Trust, Inc., was founded in 2003 and is headquartered at 90 Park Avenue, 23rd Floor, New York, New York. In recent developments, the company completed a corporate rebrand to Adamas Trust, Inc. effective September 3, 2025, with its common stock transitioning to the ADAM ticker symbol; acquired the remaining 50% ownership interest in Constructive Loans, LLC, a leading business purpose loan origination platform, in July 2025 to enhance mortgage banking income; purchased approximately $1.8 billion in agency investments and $525.7 million in residential loans during the third quarter of 2025; issued $115 million in 9.875% senior unsecured notes; and executed securitizations generating about $619.2 million in net proceeds, expanding its investment portfolio above $10 billion.

Company News

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