ADAMH
Adamas Trust, Inc.
NASDAQ · Financial Services · Financial - Mortgages · US
$25.62
+0.02%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 956.7M | 805.5M | 558.9M | 500.8M | 138.1M |
| Cost of Revenue | 408.3M | 452.6M | 320.6M | 192.1M | 129.4M |
| Gross Profit | 548.4M | 352.9M | 238.3M | 308.7M | 8.7M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 92.8M | 66.3M | 42.8M | 44.8M | 47.7M |
| General & Admin Expense | 92.8M | 66.3M | 42.8M | 44.8M | 47.7M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 92.1M | 148.8M | 288.4M | 341.6M | 301.1M |
| Total Operating Expenses | 184.9M | 215.1M | 331.2M | 386.4M | 348.8M |
| Cost and Expenses | 593.3M | 667.7M | 651.8M | 578.5M | 478.2M |
| Operating Income (EBIT) | 363.4M | 137.8M | (92.9M) | (77.7M) | (340.1M) |
| Non-Operating | |||||
| Interest Income | 677.8M | 601.9M | 401.3M | 258.7M | 258.4M |
| Interest Expense | 502.3M | 452.6M | 317.4M | 192.1M | 129.4M |
| Net Interest Income | 175.5M | 149.3M | 83.9M | 66.5M | 129.0M |
| Other Non-Op Income/Expense | (127.8M) | — | — | — | — |
| Non-Operating Income (excl Interest) | 766.0K | — | — | — | — |
| EBT (Pre-Tax Income) | 235.6M | 137.8M | (92.9M) | (77.7M) | (340.1M) |
| Income Tax Expense | (170.0K) | 145.0K | 1.0M | 75.0K | 542.0K |
| Bottom Line | |||||
| Net Income | 202.1M | 149.0M | (62.0M) | (48.7M) | (298.6M) |
| Earnings from Cont. Ops | 235.8M | 137.7M | (94.0M) | (77.8M) | (340.6M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 154.6M | 101.1M | (62.0M) | (48.7M) | (298.6M) |
| Per Share | |||||
| Basic EPS | $1.71 | $1.12 | ($1.14) | ($0.99) | ($3.60) |
| Diluted EPS | $1.68 | $1.10 | ($1.14) | ($0.99) | ($3.60) |
| Revenue Per Share | $10.63 | $8.91 | $6.15 | $5.50 | $1.46 |
| Shares | |||||
| Basic Shares Outstanding | 90.0M | 90.4M | 90.8M | 91.0M | 94.3M |
| Diluted Shares Outstanding | 92.3M | 91.5M | 90.8M | 91.0M | 94.3M |
| Profitability Metrics | |||||
| EBITDA | 396.5M | 177.5M | (32.9M) | (25.6M) | (187.1M) |
| D&A | 33.8M | 39.7M | 60.0M | 52.1M | 153.0M |
| EBIT | 362.7M | 137.8M | (92.9M) | (77.7M) | (340.1M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026