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Adamas Trust, Inc.

ADAMยทNASDAQ

$8.79

-2.9%
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$789.88M
EPS1.1200
P/E Ratio7.85
Earnings Date07/29/2026
3Y+483.0%
5Y+444.0%
10Y+444.0%
3Y-150.0%
5Y-152.0%
10Y-152.0%
3Y+46.0%
5Y+21.0%
10Y+21.0%
AT

Adamas Trust, Inc. Profit Bridge

ADAM ยท NASDAQ
Revenue805.53M
Cost of Goods Sold (452.65M)
Gross Profit352.88M
Operating Expenses (215.08M)
Operating Income137.80M
Interest Expense (452.65M)
Other Income/Expense0.00
Pretax Income137.80M
Income Tax (145.00K)
Net Income149.05M
Net Income
149.05M

Profitability Analysis

Gross Margin

43.8%

Strong gross margins indicate healthy pricing and efficient production or service delivery.

Operating Margin

17.1%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

18.5%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

0.1%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

Adamas Trust, Inc. Income Statement

ADAM โ€ข NASDAQ

Adamas Trust, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020
REVENUE
805.5M
558.9M
500.8M
138.1M
380.2M
148M
GROSS PROFIT
(452.6M)
(320.6M)
(192.1M)
(129.4M)
(79.3M)
(12.3M)
352.9M
238.3M
308.7M
8.7M
300.9M
135.6M
OPERATING INCOME
(215.1M)
(331.2M)
(386.4M)
(348.8M)
(110M)
(0.0)
(66.3M)
(42.8M)
(44.8M)
(47.7M)
(45.4M)
(0.0)
137.8M
-92.9M
-77.7M
-340.1M
190.9M
-66.7M
PRE-TAX INCOME
(452.6M)
(317.4M)
(192.1M)
(129.4M)
(79.3M)
(0.0)
149.3M
83.9M
66.5M
129M
127.6M
0.0
(148.8M)
(288.4M)
(341.6M)
(301.1M)
(64.5M)
(0.0)
0.0
0.0
0.0
0.0
0.0
-220.5M
137.8M
-92.9M
-77.7M
-340.1M
190.9M
-287.3M
NET INCOME
(145K)
(1M)
(75K)
(542K)
(2.5M)
(981K)
149M
-62M
-48.7M
-298.6M
193.2M
-288.5M

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