Adamas Trust, Inc.

Adamas Trust, Inc.

ADAMN
Adamas Trust, Inc.US flagNASDAQ Global Market
23.55
USD
-0.03
- -
779.89MMarket Cap
Adamas Trust, Inc.
ADAMN
(NASDAQ Global Market)

Recent

price

23.55

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
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Tangible Book Value per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
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
- -
- -
- -

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
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Adamas Trust, Inc. (Nasdaq: ADAM) operates as an internally managed real estate investment trust focused on acquiring, investing in, financing, and managing mortgage-related single-family and multi-family residential assets in the United States; its core portfolio encompasses agency residential mortgage-backed securities (RMBS), non-agency RMBS, business purpose loans including rental and bridge loans, structured multi-family property investments such as preferred equity and mezzanine loans, commercial mortgage-backed securities (CMBS), residential whole loans, and single-family rental properties, targeting credit-sensitive assets to generate stable distributions through net interest spreads and capital gains. Founded in 2003 and headquartered at 90 Park Avenue, 23rd Floor, in New York, New York, the company serves residential real estate investors and operates exclusively within U.S. markets, qualifying as a REIT exempt from federal corporate income taxes provided it distributes at least 90% of taxable income to stockholders. In recent developments, Adamas Trust completed a corporate rebrand from New York Mortgage Trust, Inc. in September 2025, aligning its Nasdaq ticker with ADAM; it acquired the remaining 50% ownership interest in Constructive Loans, LLC, a leading business purpose loan origination platform, in July 2025 to bolster mortgage banking income and operational capabilities; the company deployed approximately $2.3 billion in residential investments during Q3 2025, including $1.8 billion in agency RMBS and over $525 million in residential loans, expanding its total portfolio above $10 billion while exiting remaining joint venture equity investments and redeeming mezzanine loan positions.

Company News

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