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Stocks · Real estate · Real Estate Investment Trusts

ADAMAS TRUST, INC.

ADAM Clue Score37
United States Fiscal year ends December CIK 0001273685
$7.65 +0.00% Close, 9 Oct 2026
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Price $7.65 +77.91% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Operating incomeNet income
Fiscal year 2016Net income0.07EPS, diluted0.50Fiscal year 2017Operating income0.09Net income0.09 +36.2%EPS, diluted0.66Fiscal year 2018Operating income0.10Net income0.10 +11.9%EPS, diluted0.61Fiscal year 2019Operating income0.17Net income0.17 +68.9%EPS, diluted0.64Fiscal year 2020Operating income−0.29Net income−0.29 −266.1%EPS, diluted−0.89Fiscal year 2021Operating income0.19Net income0.19EPS, diluted1.51Fiscal year 2022Operating income−0.34Net income−0.30 −254.6%EPS, diluted−3.61Fiscal year 2023Operating income−0.08Net income−0.05EPS, diluted−0.99Fiscal year 2024Operating income−0.09Net income−0.06EPS, diluted−1.14Fiscal year 2025Operating income0.14Net income0.15EPS, diluted1.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating income n/a 0.09 0.10 0.17 −0.29 0.19 −0.34 −0.08 −0.09 0.14
Net income 0.07 0.09 0.10 0.17 −0.29 0.19 −0.30 −0.05 −0.06 0.15
Growth +36.2% +11.9% +68.9% −266.1% −254.6%
EPS, diluted 0.50 0.66 0.61 0.64 −0.89 1.51 −3.61 −0.99 −1.14 1.10

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.05Capital expenditure0.00Free cash flow0.05Fiscal year 2017Operating cash flow0.03Capital expenditure−0.00Free cash flow0.03 −46.1%Dividends paid−0.09Fiscal year 2018Operating cash flow0.02Capital expenditure−0.00Free cash flow0.02 −18.3%Dividends paid−0.10Fiscal year 2019Operating cash flow0.04Capital expenditure−0.00Free cash flow0.03 +47.4%Dividends paid−0.16Fiscal year 2020Operating cash flow0.11Capital expenditure−0.00Free cash flow0.11 +216.1%Buybacks0.00Dividends paid−0.11Fiscal year 2021Operating cash flow0.14Capital expenditure−0.05Free cash flow0.09 −16.0%Buybacks0.00Dividends paid−0.15Fiscal year 2022Operating cash flow0.09Capital expenditure−0.21Free cash flow−0.12 −226.6%Buybacks−0.04Dividends paid−0.15Fiscal year 2023Operating cash flow0.03Capital expenditure−0.05Free cash flow−0.02Buybacks−0.01Dividends paid−0.13Fiscal year 2024Operating cash flow0.01Capital expenditure−0.02Free cash flow−0.01Buybacks−0.00Dividends paid−0.07Fiscal year 2025Operating cash flow0.13Capital expenditure−0.01Free cash flow0.13Buybacks−0.00Dividends paid−0.08
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.05 0.03 0.02 0.04 0.11 0.14 0.09 0.03 0.01 0.13
Capital expenditure 0.00 −0.00 −0.00 −0.00 −0.00 −0.05 −0.21 −0.05 −0.02 −0.01
Free cash flow 0.05 0.03 0.02 0.03 0.11 0.09 −0.12 −0.02 −0.01 0.13
Growth −46.1% −18.3% +47.4% +216.1% −16.0% −226.6%
Buybacks n/a n/a n/a n/a 0.00 0.00 −0.04 −0.01 −0.00 −0.00
Dividends paid n/a −0.09 −0.10 −0.16 −0.11 −0.15 −0.15 −0.13 −0.07 −0.08

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.08Shareholders’ equity0.85Fiscal year 2017Cash0.10Total debt0.24Net cash (debt)−0.15Shareholders’ equity0.97Debt to equity0.25Fiscal year 2018Cash0.10Total debt0.21Net cash (debt)−0.11Shareholders’ equity1.18Debt to equity0.18Fiscal year 2019Cash0.12Total debt0.22Net cash (debt)−0.10Shareholders’ equity2.21Debt to equity0.10Fiscal year 2020Cash0.29Total debt0.22Net cash (debt)0.07Shareholders’ equity2.30Debt to equity0.10Fiscal year 2021Cash0.29Total debt1.00Net cash (debt)−0.71Shareholders’ equity2.34Debt to equity0.43Fiscal year 2022Cash0.24Total debt0.54Net cash (debt)−0.30Shareholders’ equity1.77Debt to equity0.31Fiscal year 2023Cash0.19Total debt0.93Net cash (debt)−0.75Shareholders’ equity1.58Debt to equity0.59Fiscal year 2024Cash0.17Total debt0.57Net cash (debt)−0.41Shareholders’ equity1.39Debt to equity0.41Fiscal year 2025Cash0.21Total debt0.74Net cash (debt)−0.53Shareholders’ equity1.43Debt to equity0.52
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.08 0.10 0.10 0.12 0.29 0.29 0.24 0.19 0.17 0.21
Total debt n/a 0.24 0.21 0.22 0.22 1.00 0.54 0.93 0.57 0.74
Net cash (debt) n/a −0.15 −0.11 −0.10 0.07 −0.71 −0.30 −0.75 −0.41 −0.53
Shareholders’ equity 0.85 0.97 1.18 2.21 2.30 2.34 1.77 1.58 1.39 1.43
Debt to equity n/a 0.25 0.18 0.10 0.10 0.43 0.31 0.59 0.41 0.52

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
4.4% 3.6% −1.0% n/a n/a n/a n/a n/a n/a n/a
Returns
8.0% 9.5% 8.7% 7.9% −12.5% 8.3% −16.9% −3.1% −4.4% 10.4%
0.8% 0.8% 0.7% 0.7% −6.2% 3.4% −4.8% −0.7% −0.7% 1.2%
Balance and payout
n/a 0.25 0.18 0.10 0.10 0.43 0.31 0.59 0.41 0.52
90.5% 91.9% 92.0% 90.6% 50.4% 57.0% 70.1% 78.0% 84.7% 88.7%
n/a 102.1% 95.2% 94.0% n/a 78.5% n/a n/a n/a 50.7%
n/a 323.3% 412.8% 467.1% 95.4% 163.3% n/a n/a n/a 61.2%