Adamas Trust, Inc.

NasdaqGS:ADAM Stock Report

Market Cap: US$630.4m

Adamas Trust Past Earnings Performance

Past criteria checks 2/6

Adamas Trust has been growing earnings at an average annual rate of 2.1%, while the Mortgage REITs industry saw earnings growing at 13% annually. Revenues have been growing at an average rate of 20.9% per year. Adamas Trust's return on equity is 3.7%, and it has net margins of 8.5%.

Key information

2.14%

Earnings growth rate

4.97%

EPS growth rate

Mortgage REITs Industry Growth4.45%
Revenue growth rate20.89%
Return on equity3.70%
Net Margin8.46%
Last Earnings Update30 Jun 2025

Recent past performance updates

Recent updates

Adamas Trust: Why I Am Buying The 9.7% Current Yield From The Series G Preferreds

Sep 07
User avatar

Investments In Agency RMBS Will Unlock New Opportunities

Strategic focus on Agency RMBS and short-duration credit assets aims to enhance interest income and future revenue growth, adapting well to market conditions.

NYMTG: A 9.125% Senior Note IPO From New York Mortgage Trust

Jan 30

New York Mortgage Trust: Updating Our Allocation As The Company Derisks

Nov 08

New York Mortgage Trust: Agency RMBS May Protect Earnings

Aug 06

NYMT Pfds: FOMC Policy Has Shifted, But My Hold Ratings Stand

Jan 25

New York Mortgage Trust State Of Mind

Oct 14

New York Mortgage Trust declares $0.10 dividend

Sep 16

New York Mortgage Trust: A Sustainable Dividend, But Wait For A Better Risk/Reward

Aug 26

New York Mortgage Trust GAAP EPS of -$0.22 misses by $0.21, Total net interest income of $26.13M misses by $2.08M

Aug 02

New York Mortgage Trust: Headwinds Of Rising Interest Rates And Inflation

May 11

New York Mortgage Trust: Good Opportunity For Growth Investors, Not So Much For Long-Term Income Investors

Dec 02

New York Mortgage Trust: 9%-Plus Dividend Yield With A Satisfactory Earnings Outlook

Sep 15

Have Insiders Been Buying New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares?

Feb 09
Have Insiders Been Buying New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares?

What Kind Of Investors Own Most Of New York Mortgage Trust, Inc. (NASDAQ:NYMT)?

Dec 18
What Kind Of Investors Own Most Of New York Mortgage Trust, Inc. (NASDAQ:NYMT)?

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 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Jun 2520517480
31 Mar 25193-5480
31 Dec 24143-104490
30 Sep 24253-30480
30 Jun 24167-158480
31 Mar 24168-169500
31 Dec 23210-90500
30 Sep 23105-170510
30 Jun 2350-201510
31 Mar 2322-246510
31 Dec 22-68-341520
30 Sep 22-5-270520
30 Jun 22135-107520
31 Mar 2220418520
31 Dec 21292144490
30 Sep 21318192460
30 Jun 21353246440
31 Mar 21412311430
31 Dec 20-206-330420
30 Sep 20-223-345410
30 Jun 20-286-401390
31 Mar 20-381-492380
31 Dec 19223145360
30 Sep 1917393370
30 Jun 1916486350
31 Mar 1916494320
31 Dec 1814679280
30 Sep 18160100230
30 Jun 1815497220
31 Mar 1814184200
31 Dec 1713376230
30 Sep 1711361230
30 Jun 1710757240
31 Mar 1711057260
31 Dec 1610655250
30 Sep 169946270
30 Jun 1610648270
31 Mar 1611459260
31 Dec 1512267290
30 Sep 15166107330
30 Jun 15183122370
31 Mar 15188131370
31 Dec 14186130340

Quality Earnings: ADAM has a large one-off gain of $9.1M impacting its last 12 months of financial results to 30th June, 2025.

Growing Profit Margin: ADAM became profitable in the past.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ADAM has become profitable over the past 5 years, growing earnings by 2.1% per year.

Accelerating Growth: ADAM has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: ADAM has become profitable in the last year, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-11.2%).

Return on Equity

High ROE: ADAM's Return on Equity (3.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/10/06 18:31
End of Day Share Price 2025/10/03 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 21 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mark DeVriesBarclays
Derek HewettBofA Global Research
Randy BinnerB. Riley Securities, Inc.