Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share(ADAML)

REIT - Mortgage · New York, NY

$24.57+0.09 (+0.37%)

Delayed quote: Oct 6, 2026, 2:26 PM EDT

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	956.68M	227.72M	266.77M	235.65M	226.55M	156.82M	187.18M	129.59M	134.62M
Cost of Goods Sold	408.32M	33.11M	123.65M	127.51M	124.05M	104.45M	96.64M	91.54M	88.12M
Gross Profit	548.35M	194.60M	143.12M	108.14M	102.50M	52.36M	90.54M	38.05M	93.66M
Gross Profit Margin	57.3%	85.5%	53.6%	45.9%	45.2%	33.4%	48.4%	29.4%	69.6%
Total Operating Expenses	184.93M	13.71M	56.39M	51.81M	63.01M	48.09M	52.83M	69.85M	50.87M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	92.79M	25.61M	22.65M	22.90M	21.63M	10.54M	11.23M	10.46M	10.73M
Operating Income (EBIT)	363.43M	180.89M	86.72M	56.32M	39.49M	4.28M	37.71M	-31.80M	118.81M
Operating Margin	38.0%	79.4%	32.5%	23.9%	17.4%	2.7%	20.1%	-24.5%	88.3%
Income Before Tax (EBT)	235.60M	53.07M	86.72M	56.32M	39.49M	4.28M	37.71M	-31.80M	42.79M
Interest Income	677.77M	174.39M	172.06M	170.68M	160.63M	140.90M	129.73M	118.25M	108.36M
Interest Expense	502.27M	127.06M	123.65M	127.51M	124.05M	104.45M	96.64M	91.54M	88.12M
Other Income/Expense	-127.83M	-127.83M	0.00	0.00	0.00	0.00	0.00	0.00	-76.02M
Net Income	202.13M	55.18M	48.60M	53.53M	44.82M	8.55M	42.16M	-31.39M	42.85M
Income Tax Expense	-170K	13K	159K	-44K	-298K	-161K	648K	-1.52M	2.33M
Net Profit Margin	21.1%	24.2%	18.2%	22.7%	19.8%	5.4%	22.5%	-24.2%	31.8%
EBITDA	397.27M	185.78M	96.72M	64.90M	49.86M	14.38M	48.36M	-19.37M	132.63M
EBITDA Margin	41.5%	81.6%	36.3%	27.5%	22.0%	9.2%	25.8%	-14.9%	98.5%
Depreciation & Amortization	33.84M	4.89M	10.00M	8.58M	10.38M	10.10M	10.64M	12.43M	13.83M
EPS Basic	1.71	0.48	0.41	0.46	0.36	0.09	0.34	N/A	0.36
EPS Diluted	1.68	0.47	0.40	0.45	0.36	0.09	0.33	N/A	0.36
Weighted Average Basic Shares	89.98M	89.98M	90.35M	90.40M	90.41M	90.32M	90.58M	90.58M	90.58M
Weighted Average Diluted Shares	92.35M	92.35M	92.06M	91.99M	91.61M	90.32M	91.09M	90.58M	90.59M

Annual Income Statement (USD)

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Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	805.53M	558.92M	500.80M	138.11M	380.19M	147.98M	751.34M	467.12M
Cost of Goods Sold	452.65M	320.63M	192.13M	129.42M	79.28M	12.34M	14.70M	18.60M
Gross Profit	352.88M	238.28M	308.67M	8.69M	300.91M	135.64M	736.64M	448.51M
Gross Profit Margin	43.8%	42.6%	61.6%	6.3%	79.1%	91.7%	98.0%	96.0%
Total Operating Expenses	215.08M	331.20M	386.39M	348.80M	109.97M	202.39M	563.26M	348.42M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	66.29M	42.78M	44.82M	47.67M	45.44M	42.23M	35.79M	27.87M
Operating Income (EBIT)	137.80M	-92.92M	-77.72M	-340.11M	190.93M	-66.75M	172.77M	100.10M
Operating Margin	17.1%	-16.6%	-15.5%	-246.3%	50.2%	-45.1%	23.0%	21.4%
Income Before Tax (EBT)	137.80M	-92.92M	-77.72M	-340.11M	190.93M	-287.26M	172.48M	103.74M
Interest Income	601.95M	401.28M	258.66M	258.39M	206.87M	350.16M	694.61M	455.80M
Interest Expense	452.65M	317.43M	192.13M	129.42M	79.28M	223.07M	566.75M	377.07M
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	-220.51M	-292K	3.64M
Net Income	149.05M	-62.03M	-48.66M	-298.61M	193.20M	-288.51M	173.74M	102.89M
Income Tax Expense	145K	1.04M	75K	542K	2.46M	981K	419K	1.06M
Net Profit Margin	18.5%	-11.1%	-9.7%	-216.2%	50.8%	-195.0%	23.1%	22.0%
EBITDA	177.51M	-32.88M	-25.60M	-187.15M	242.32M	-66.75M	172.77M	100.10M
EBITDA Margin	22.0%	-5.9%	-5.1%	-135.5%	63.7%	-45.1%	23.0%	21.4%
Depreciation & Amortization	39.70M	60.04M	52.12M	152.96M	51.39M	0.00	0.00	0.00
EPS Basic	N/A	-1.14	-0.99	-3.60	N/A	-3.55	2.62	2.49
EPS Diluted	N/A	-1.14	-0.99	-3.60	N/A	-3.55	2.56	2.15
Weighted Average Basic Shares	90.43M	90.81M	91.04M	94.32M	94.81M	92.75M	55.34M	31.81M
Weighted Average Diluted Shares	91.51M	90.81M	91.04M	94.32M	95.24M	92.75M	60.65M	36.86M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Adamas Trust, Inc. - 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, $0.01 par value per share

Adamas Finance Asia Limited, a closed-ended investment vehicle, is incorporated in the British Virgin Islands. The firm strategically allocates capital throughout Asia, targeting both publicly traded and privately held companies. Its investment toolkit frequently encompasses instruments such as convertible bonds, bespoke equity structures, and redeemable convertible preference shares. The primary aim is to generate significant capital appreciation and recurring income by investing in promising businesses with robust growth potential across diverse sectors.

New York, NY

221 employees

www.adamasreit.com

Real Estate / REIT - Mortgage

Sector: Real Estate
Industry: REIT - Mortgage
CEO: Jason T. Serrano

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