Adamas Trust's earnings have been declining at an average annual rate of -14.2%, while the Mortgage REITs industry saw earnings declining at 1.7% annually. Revenues have been declining at an average rate of 1.3% per year. Adamas Trust's return on equity is 12.8%, and it has net margins of 33.3%.
Key information
-14.21%
Earnings growth rate
-13.81%
EPS growth rate
Mortgage REITs Industry Growth
4.45%
Revenue growth rate
-1.26%
Return on equity
12.84%
Net Margin
33.31%
Last Earnings Update
31 Mar 2026
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Adamas Trust makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
NasdaqGS:ADAM.M Revenue, expenses and earnings (USD Millions)
Date
Revenue
Earnings
G+A Expenses
R&D Expenses
31 Mar 26
323
108
85
0
31 Dec 25
315
101
73
0
30 Sep 25
217
18
60
0
30 Jun 25
205
17
48
0
31 Mar 25
192
-5
48
0
31 Dec 24
143
-104
49
0
30 Sep 24
253
-30
48
0
30 Jun 24
167
-158
48
0
31 Mar 24
168
-169
50
0
31 Dec 23
210
-90
50
0
30 Sep 23
105
-170
51
0
30 Jun 23
50
-201
51
0
31 Mar 23
22
-246
51
0
31 Dec 22
-68
-341
52
0
30 Sep 22
-5
-270
52
0
30 Jun 22
135
-107
52
0
31 Mar 22
204
18
52
0
31 Dec 21
292
144
49
0
30 Sep 21
318
192
46
0
30 Jun 21
353
246
44
0
31 Mar 21
412
311
43
0
31 Dec 20
-206
-330
42
0
30 Sep 20
-223
-345
41
0
30 Jun 20
-286
-401
39
0
31 Mar 20
-381
-492
38
0
31 Dec 19
223
145
36
0
30 Sep 19
173
93
37
0
30 Jun 19
164
86
35
0
31 Mar 19
164
94
32
0
31 Dec 18
146
79
28
0
30 Sep 18
160
100
23
0
30 Jun 18
154
97
22
0
31 Mar 18
141
84
20
0
31 Dec 17
133
76
23
0
30 Sep 17
113
61
23
0
30 Jun 17
107
57
24
0
31 Mar 17
110
57
26
0
31 Dec 16
106
55
25
0
30 Sep 16
99
46
27
0
30 Jun 16
106
48
27
0
31 Mar 16
114
59
26
0
31 Dec 15
122
67
29
0
30 Sep 15
166
107
33
0
30 Jun 15
183
122
37
0
Quality Earnings: ADAM.M has a large one-off gain of $50.8M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: ADAM.M became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ADAM.M has become profitable over the past 5 years, growing earnings by -14.2% per year.
Accelerating Growth: ADAM.M has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: ADAM.M has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (4.1%).
Return on Equity
High ROE: ADAM.M's Return on Equity (12.8%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
7D
1Y
7D
1Y
7D
1Y
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/06/17 00:08
End of Day Share Price
2026/06/17 00:00
Earnings
2026/03/31
Annual Earnings
2025/12/31
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Adamas Trust, Inc. is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.