ADAM - NASDAQ

Adamas Trust, Inc.

ADAM·NASDAQ

$9.09

+0.39%

Real EstateREIT - Mortgage

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company's targeted residential loans, including business purpose loans; agency RMBS; non-agency residential mortgage-backed securities (RMBS); structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; and other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It also owns and manages single-family rental properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Adamas Trust, Inc. was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. Adamas Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$816.42M

EPS1.1200

P/E Ratio8.11

Earnings Date07/29/2026

12.64B

Assets

37%

3Y+103.0%

5Y+171.0%

10Y+171.0%

11.21B

Total Liabilities

44%

3Y+156.0%

5Y+377.0%

10Y+377.0%

1.43B

Total Equity

3Y-23.0%

5Y-38.0%

10Y-38.0%

Adamas Trust, Inc. Funding & Solvency Profile

ADAM · NASDAQ

Current Assets

Cash & Cash Equivalents210.33M

Net Receivables0.00

Inventory0.00

Other Current Assets0.00

Total Current Assets210 M

Non-Current Assets

Property, Plant & Equipment0.00

Goodwill & Intangible Assets22.40M

Long-Term Investments11.98B

Other Non-Current Assets428.77M

Total Non-Current Assets12 B

Total Assets

12.64B

Financial Health Analysis

Current Ratio

0.03x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

7.84x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-6543084000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

2% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Adamas Trust, Inc. Balance Sheet

ADAM • NASDAQ

Adamas Trust, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	210.3M	167.4M	187.1M	244.7M	289.6M	304.5M
Short-Term Investments	0.0	3.8B	2B	99.6M	200.8M	0.0
Cash & Short-Term Investments	210.3M	4B	2.2B	344.3M	490.4M	304.5M
Net Receivables	0.0	151.2M	64.9M	60.8M	69.8M	0.0
Accounts Receivables	0.0	62.1M	37.3M	34.1M	26.7M	0.0
Other Receivables	0.0	89.1M	27.5M	26.7M	43.1M	0.0
Prepaids	0.0	17.4M	18.3M	14M	14.1M	0.0
Other Current Assets	0.0	-4.2B	-2.3B	-419.1M	-574.4M	-304.5M
Total Current Assets	210.3M	0.0	0.0	0.0	0.0	0.0
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	0.0	5.5M	6.6M	7.8M	9M	10.1M
Intangible Assets	22.4M	21M	2.4M	0.0	39.8M	0.0
Goodwill & Intangible Assets	22.4M	21M	2.4M	0.0	39.8M	0.0
Long-Term Investments	12B	3.9B	2.2B	279.3M	440.5M	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	11.3M
Other Non-Current Assets	428.8M	-4B	-2.2B	-287.1M	-489.3M	-21.4M
Total Non-Current Assets	12.4B	0.0	0.0	0.0	0.0	0.0
Other Assets	0.0	9.2B	7.4B	6.2B	5.7B	4.7B
Total Assets	12.6B	9.2B	7.4B	6.2B	5.7B	4.7B
LIABILITIES
CURRENT LIABILITIES
Total Payables	0.0	79.4M	55.8M	60.6M	57.4M	0.0
Accounts Payable	0.0	41M	23.7M	10.6M	9.1M	0.0
Other Payables	0.0	38.4M	32.2M	50M	48.3M	0.0
Accrued Expenses	0.0	21.8M	33.3M	26.1M	36M	0.0
Short Term Debt	6.8B	0.0	0.0	0.0	0.0	405.5M
Other Current Liabilities	0.0	-101.2M	-89.1M	-86.7M	-93.4M	-405.5M
Total Current Liabilities	6.8B	0.0	0.0	0.0	0.0	0.0
NON-CURRENT LIABILITIES
Long Term Debt	4.2B	3.5B	2.8B	2.6B	2.5B	1.8B
Deferred Revenue (Non-Current)	0.0	5.8M	5.5M	7.1M	13M	0.0
Deferred Tax Liabilities (Non-Current)	0.0	9.3M	2M	394K	6.7M	2K
Other Non-Current Liabilities	205.6M	-3.6B	-2.8B	-2.7B	-2.5B	-1.8B
Total Non-Current Liabilities	4.5B	0.0	0.0	0.0	0.0	0.0
Other Liabilities	0.0	7.8B	5.8B	4.4B	3.2B	2.3B
Capital Lease Obligations	0.0	5.9M	7.1M	8.4M	9.6M	10.6M
Total Liabilities	11.2B	7.8B	5.8B	4.4B	3.2B	2.3B
SHAREHOLDERS' EQUITY
Preferred Stock	540.5M	535.4M	535.4M	538.4M	538.2M	504.8M
Common Stock	903K	906K	907K	912K	3.8M	3.8M
Additional Paid-In Capital	2.3B	2.3B	2.3B	2.3B	2.4B	2.3B
Retained Earnings	-1.4B	-1.4B	-1.3B	-1.1B	-559.3M	-551.3M
Accumulated Other Comprehensive Income/Loss	0.0	0.0	-4K	-2M	1.8M	994K
Total Stockholders' Equity	1.4B	1.4B	1.6B	1.8B	2.3B	2.3B
Total Equity	1.4B	1.4B	1.6B	1.9B	2.4B	2.3B
Minority Interest	3.5M	16.4M	48.5M	96.9M	90.8M	6.4M
SUMMARY
Total Liabilities & Equity	12.6B	9.2B	7.4B	6.2B	5.7B	4.7B
Total Investments	12B	7.8B	4.2B	378.9M	641.3M	0.0
Total Debt	11B	3.6B	2.8B	2.6B	2.5B	2.2B
Net Debt	10.8B	3.4B	2.6B	2.4B	2.2B	1.9B
Shares Outstanding	90,307,800	90,307,800	90,307,800	90,307,800	90,307,800	90,307,800

SEC Filings

ADAM - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 01, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 29, 2026	April 29, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 24, 2026	June 11, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 19, 2026	March 19, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 20, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 18, 2026	February 18, 2026	2026	View Filing
8-K 8-K 2026 N/A	January 13, 2026	January 13, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 11, 2025	December 11, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 04, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 29, 2025	October 29, 2025	2025	View Filing

Showing 1 to 10 of 521 filings

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