AT

Adamas Trust, Inc.

ADAMยทNASDAQ

$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.

At a Glance

Live Snapshot
Market Cap$816.42M
EPS1.1200
P/E Ratio8.11
Earnings Date07/29/2026
3Y+46.0%
5Y+21.0%
10Y+21.0%
3Y+470.0%
5Y-237.0%
10Y-237.0%
3Y+504.0%
5Y-236.0%
10Y-236.0%
A

Adamas Trust, Inc. Cash Conversion Engine

ADAM ยท NASDAQ
Net Income149.05M
Depreciation & Amortization23.12M
Stock-Based Compensation0.00
Change in Working Capital12.24M
Others-50.37M
Capital Expenditures-8.15M
Free Cash Flow125.89M

Cash Flow Quality Analysis

FCF Conversion Rate

84.5%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

6.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+2636.1%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$12.24M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

Adamas Trust, Inc. Cash Flow Statement

ADAM โ€ข NASDAQ

Adamas Trust, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
OPERATING ACTIVITIES
149M
-94M
-77.8M
-340.6M
188.5M
-288.5M
23.1M
60M
52.1M
153M
51.4M
0.0
0.0
6.1M
8.8M
11.9M
10.2M
0.0
-50.4M
57M
63.6M
282.4M
-107.5M
390.3M
(0.0)
(0.0)
(225K)
(2.7M)
(296K)
(0.0)
12.2M
-15M
-16.7M
-14.8M
-3.7M
9.3M
134M
14.1M
30M
91.8M
138.9M
111.1M
INVESTING ACTIVITIES
-9M
-9.5M
(0.0)
(0.0)
(0.0)
-683K
-16.7M
(0.0)
(102K)
(6.9M)
(27.9M)
(0.0)
-4.4B
-2.2B
-2.1B
-230.5M
-460M
-667.1M
1.7B
434.5M
228.1M
201.1M
777.9M
2.9B
-192.2M
-453M
646.1M
-486.2M
-478.7M
-70.9M
-2.9B
-2.2B
-1.2B
-508.8M
-132.9M
(2.1B)
FINANCING ACTIVITIES
3.5M
-3.5M
-8.6M
-44.4M
0.0
511.9M
3.7B
825.7M
-400.1M
531.4M
48.2M
-2.4B
-122M
-116.7M
-170.7M
-193.2M
-194.8M
-146.6M
-1.5M
-3.5M
-8.6M
-44.4M
(0.0)
(0.0)
-776M
1.5B
1.7B
166.2M
146.8M
0.0
2.8B
2.2B
1.1B
460.1M
27.4M
-2B
CASH FLOW SUMMARY
13.4M
-1.6M
-50.3M
43.1M
33.4M
182.9M
329M
330.6M
380.9M
337.9M
304.5M
121.6M
342.4M
329M
330.6M
380.9M
337.9M
304.5M
125.9M
4.6M
30M
91.8M
138.9M
110.9M

SEC Filings

ADAM - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 01, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 29, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 24, 2026
June 11, 2026
2026
8-K

8-K 2026

N/A

March 19, 2026
March 19, 2026
2026
10-K

10-K 2025 FY

FY

February 20, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 18, 2026
February 18, 2026
2026
8-K

8-K 2026

N/A

January 13, 2026
January 13, 2026
2026
8-K

8-K 2025

N/A

December 11, 2025
December 11, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

October 29, 2025
October 29, 2025
2025
Showing 1 to 10 of 521 filings