Adamas Trust, Inc.
ADAM Nasdaq· Real Estate Investment Trusts
Last close · Oct 26, 2026
$7.80
KIRA · Stoqly’s AI analyst, in plain words
- Adamas Trust, Inc. had $149M of revenue in fiscal 2025, up 78.0% on the year before. Over five years, revenue changed +3.3% a year on average.
- Its operating margin was 92.3%, up 203.1 pts: of every 100 in sales, about 92 is left after running the business.
- Adamas Trust, Inc. made $149M of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 9.2% a year.
- Free cash flow was $126M in fiscal 2025, 84.3% of revenue.
- Adamas Trust, Inc. returned $77.0M to shareholders in fiscal 2025, 61% of free cash flow. The diluted share count rose 0.8%.
- Adamas Trust, Inc. owes $525M more than it holds in cash, about 3.3 years of operating profit.
Market cap
$720M
P/E
4.6x
Revenue
$149M
Net income
$149M
Free cash flow
$126M
Operating margin
92.3%
Adamas Trust, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+78.0%
Yes. Sales grew 78.0% last year.
Does it make a profit?
99.8%
Yes. It keeps 99.8% of every sale as profit.
Does profit turn into cash?
84.3%
Yes. 84.3% of sales ends up as free cash.
Is debt under control?
3.3x
Heavy. Repaying its debt would take 3.3 years of operating profit.
How healthy are the accounts?
5 / 7
Mixed. It passes 5 of 7 health tests.
How is the share priced?
4.6x
One share costs 4.6 times its yearly profit per share.
What Adamas Trust, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 20, 2026
- Legal name
- ADAMAS TRUST, INC.
- CIK
- 0001273685
Adamas Trust, Inc. · ADAM
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $128M | $129M | $66.5M | $83.9M | $149M |
| Revenue growth | 0.4% | 1.1% | −48.4% | 26.0% | 78.0% |
| Net interest income | $128M | $129M | $66.5M | $83.9M | $149M |
| Operating margin | 149.7% | −263.7% | −116.8% | −110.8% | 92.3% |
| Net income | $193M | −$299M | −$48.7M | −$62.0M | $149M |
| Net margin | 151.4% | −231.5% | −73.2% | −74.0% | 99.8% |
| Diluted EPS | $1.51 | −$3.61 | −$0.99 | −$1.14 | $1.10 |
| Cash | |||||
| Cash from operations | $139M | $91.8M | $30.0M | $14.1M | $134M |
| Capital expenditure | $46.1M | $209M | $50.4M | $24.6M | $8.2M |
| Free cash flow | $92.9M | −$118M | −$20.5M | −$10.6M | $126M |
| FCF margin | 72.8% | −91.2% | −30.8% | −12.6% | 84.3% |
| Dividends paid | $152M | $152M | $129M | $74.9M | $75.5M |
| Share buybacks | $0.0M | $44.4M | $8.6M | $3.5M | $1.5M |
| Share count change | −74.3% | −1.0% | −3.5% | −0.2% | 0.8% |
| Debt and strength | |||||
| Cash and short-term investments | $290M | $245M | $187M | $167M | $210M |
| Debt incl. finance leases | $1.0B | $542M | $934M | $573M | $736M |
| Shareholders' equity | $2.3B | $1.8B | $1.6B | $1.4B | $1.4B |
| Net debt / EBITDA | 3.4x | — | — | — | 3.3x |
| Interest coverage | 2.4x | −2.6x | −0.4x | — | — |
| Returns and quality | |||||
| Return on capital | 4.9% | −13.0% | −2.6% | −4.1% | 5.6% |
| Return on equity | 8.3% | −14.5% | −2.9% | −4.2% | 10.6% |
| Return on tangible equity | 6.2% | −19.3% | −5.7% | −7.4% | 7.3% |
| Piotroski F-score | 4 | 4 | 4 | 5 | 5 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Adamas Trust, Inc. · ADAM
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $7.80 a share, the company is worth $720M: 4.6 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001273685). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.