Latest revenue
$601.9M
as of 2025-12-31
Latest net income
$149.0M
as of 2025-12-31
Net margin
24.8%
as of 2025-12-31
ActaClear Score
Computed from 5 years of SEC fundamentals + latest market data, ranked within Real Estate Investment Trusts (287 peers). 10 = best in industry, 5 = median, 0 = worst. Refreshed Jun 6, 2026.
Fair value · DCF
DCF: 10-year forecast of free cash flow, discounted at the company's WACC, with a Gordon-growth terminal at year 10. FCF is proxied by last fiscal-year net income (proper FCF needs CFO − CapEx by year, which we don't store yet). Drag the slider to test your own growth thesis — the dominant assumption in any DCF is what comes next, not what the math does with it. Beta defaults to 1.0 when not reported.
Community sentiment
Where do you think ADAMN is heading?
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $2.14B
- Enterprise value
- $-4.48B
- P/E (trailing)
- 14.3×
- Forward P/E
- —
- P/B
- 1.47×
- Dividend yield
- 8.4%
- 52-wk high
- $23.97
- 52-wk low
- $21.01
- Beta
- —
- Shares out
- 89.9M
5-year trend
What this company does
Item 1. BUSINESS Certain Defined Terms In this Annual Report on Form 10-K we refer to Adamas Trust, Inc., together with its consolidated subsidiaries, as “Adamas,” “we,” “us,” “Company,” or “our,” unless we specifically state otherwise or the context indicates otherwise, and we refer to our wholly-owned taxable real estate investment trust (“REIT”) subsidiaries as “TRSs” and our wholly-owned qualified REIT subsidiaries as “QRSs.” In addition, the following defines certain of the commonly used terms in this report: •“ABS” refers to debt and/or equity tranches of securitizations backed by various asset classes including, but not limited to, automobiles, aircraft, credit cards, equipment,…
AI summary unavailable — showing raw filing excerpt
Generated from ADAMN's filing dated 2026-02-20
Key risks
Table of Contents Item 1A. RISK FACTORS Summary of Risk Factors Below is a summary of the principal factors that make an investment in our securities speculative or risky. This summary does not address all of the risks that we face. Additional discussion of the risks summarized in this risk factor summary and other risks that we face can be found below and should be carefully considered, together with other information in this Form 10-K and our other filings with the SEC before making an investment decision regarding our securities. Risks Related to Our Business •Declines in the market values of our investments may adversely affect periodic reported results and credit availability.…
AI summary unavailable — showing raw filing excerpt
Generated from ADAMN's filing dated 2026-02-20
Profitability
Operating margin
22.9%
198.9%Net margin
24.8%
260.2%Return on equity
10.4%
334.9%Return on assets
1.2%
275.2%Leverage
Debt / equity
7.86×
40.1%Long-term debt / equity
0.25×
3.9%Debt / assets
88.7%
4.5%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-03-31 | — | — | $48.6M | +15.3% | — |
Q4 2025 2025-12-31 | — | — | $53.5M | +27.1% | — |
Q3 2025 2025-09-30 | — | — | $44.8M | +246.3% | — |
Q2 2025 2025-06-30 | — | — | $8.5M | +154.8% | — |
Q1 2025 2025-03-31 | — | — | $42.2M | +172.8% | — |
Q4 2024 2024-12-31 | — | — | $42.1M | — | — |
Q3 2024 2024-09-30 | — | — | $-30.6M | +63.7% | — |
Q2 2024 2024-06-30 | — | — | $-15.6M | -157.0% | — |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Real Estate Investment Trusts · SIC 6798
Your notes
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Insider activity
No insider transactions on file for ADAMN in the last 12 months.
Source: SEC Form 4 filings. Backfill runs nightly.
Who owns ADAMN
No institutional holdings on file for ADAMN yet.
Source: SEC Form 13F-HR. Updated quarterly (45-day filing lag).
Top questions investors are asking
Coming once ADAMN's latest filing finishes processing.
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