Adamas Trust, Inc.
ADAM Real Estate Reit Mortgage
Adamas Trust, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $601.9 million, up 50.0% from fiscal 2024. In the quarter to June 2026, revenue grew 23.8%, EPS grew 1,300.0%, free cash flow grew 171.7% and total debt rose 29.1%, each against the same quarter a year earlier. Dividend growth for three consecutive years, revenue growth for three.
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A Balance Sheet is a financial statement that provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. It follows the formula: Assets = Liabilities + Shareholders' Equity. Key components include current and non-current assets, current and long-term liabilities, and equity. The Balance Sheet helps businesses and investors evaluate financial stability, liquidity, and capital structure. It's essential for assessing the company's ability to meet its obligations and fund future operations.
| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | Dec '16 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash and Short Term Investments |
210.33 | 167.42 | 187.11 | 244.72 | 289.60 | 293.18 | 118.76 | 103.72 | 95.19 | 83.55 |
Receivables |
— | — | — | — | — | — | — | 114.82 | 108.57 | 138.32 |
Total current assets |
4,704.69 | 4,095.35 | 3,367.20 | 3,857.33 | 3,985.22 | 3,505.94 | 21,076.95 | 12,921.18 | 10,353.62 | 7,777.73 |
Property, Plant, Equpment (Net) |
553.50 | 623.41 | 1,131.82 | 692.97 | 1,017.58 | 50.53 | 9.00 | — | — | — |
Goodwill and Intangible Assets (Total) |
22.40 | — | — | 14.00 | 61.00 | — | 25.22 | 25.22 | 25.22 | 25.22 |
Long-term assets (Other) |
7,358.26 | 4,498.52 | 2,902.31 | 1,690.45 | 655.49 | 1,099.11 | 2,381.20 | 1,791.24 | 1,677.45 | 1,148.68 |
Total non-current assets |
7,934.16 | 5,121.93 | 4,034.13 | 2,383.41 | 1,673.08 | 1,149.65 | 2,406.42 | 1,816.46 | 1,702.67 | 1,173.90 |
Total Assets |
12,638.85 | 9,217.28 | 7,401.33 | 6,240.75 | 5,658.30 | 4,655.59 | 23,483.37 | 14,737.64 | 12,056.29 | 8,951.63 |
Notes Payable |
332.13 | 366.61 | 784.42 | 394.71 | 709.36 | 36.75 | — | 31.23 | 57.12 | 1.59 |
Accrued Expenses |
— | — | — | — | — | — | 177.26 | 101.23 | 82.13 | 64.38 |
Total current liabilities |
332.13 | 366.61 | 784.42 | 394.71 | 709.36 | 36.75 | 177.26 | 132.46 | 139.25 | 65.97 |
Long Term Debt (Total) |
10,670.66 | 7,194.87 | 4,484.74 | 2,982.12 | 2,356.08 | 2,209.52 | 21,101.08 | 13,424.89 | 10,941.03 | 7,885.99 |
Minority Interests |
3.02 | 12.36 | 28.06 | 63.80 | 66.39 | — | — | — | — | — |
Non-current Liabilities (Other) |
205.62 | 244.68 | 504.04 | 999.80 | 161.08 | 101.75 | 177.26 | 101.00 | 82.00 | 148.51 |
Total non-current liabilities |
10,879.29 | 7,451.90 | 5,016.84 | 4,045.73 | 2,583.56 | 2,311.26 | 21,278.34 | 13,424.89 | 10,941.03 | 8,034.50 |
Total liabilities |
11,211.43 | 7,818.51 | 5,801.26 | 4,440.44 | 3,292.91 | 2,348.01 | 21,278.34 | 13,557.35 | 11,080.28 | 8,100.47 |
Additional Paid In Capital |
2,294.19 | 2,289.04 | 2,297.08 | 2,282.69 | 2,356.58 | 2,342.93 | 1,821.79 | 1,013.39 | 751.16 | 748.60 |
Preferred Stock (Total) |
540.47 | 535.45 | 535.45 | 538.35 | 538.22 | 504.77 | 504.77 | 289.76 | 289.76 | 159.26 |
Common Stock (Net) |
0.90 | 0.91 | 0.91 | 0.91 | 3.79 | 3.78 | 2.91 | 1.56 | 1.12 | 1.12 |
Retained Earnings |
(1,408.65) | (1,430.67) | (1,253.82) | (1,052.77) | (559.34) | (551.27) | (148.86) | (103.18) | (75.72) | (62.54) |
Common Equity (Total) |
886.95 | 863.33 | 1,064.62 | 1,261.96 | 1,827.17 | 1,802.81 | 1,700.26 | 890.54 | 686.25 | 691.90 |
Shareholders Equity (Total) |
1,427.42 | 1,398.78 | 1,600.07 | 1,800.31 | 2,365.39 | 2,307.57 | 2,205.03 | 1,180.29 | 976.00 | 851.16 |
Shareholders Equity and Liabilities (Total) |
12,638.85 | 9,217.28 | 7,401.33 | 6,240.75 | 5,658.30 | 4,655.59 | 23,483.37 | 14,737.64 | 12,056.29 | 8,951.63 |
Shares (Common) |
90.30 | 90.58 | 90.68 | 91.19 | 94.85 | 94.44 | 72.84 | 38.90 | 27.98 | 27.87 |
Shares (Preferred) |
22.39 | 22.16 | 22.16 | 22.29 | 5.57 | 5.22 | 5.22 | 3.00 | 3.00 | 1.65 |
Shareholders Equity (Tangible) |
1,405.03 | 1,398.78 | 1,600.07 | 1,800.31 | 2,365.39 | 2,307.57 | 2,179.81 | 1,155.07 | 950.78 | 825.94 |
Net Debt |
10,460.33 | 7,027.44 | 4,297.63 | 2,737.41 | 2,066.48 | 1,916.33 | 20,982.32 | 13,321.17 | 10,845.84 | 7,802.43 |
Total Debt |
10,670.66 | 7,194.87 | 4,484.74 | 2,982.12 | 2,356.08 | 2,209.52 | 21,101.08 | 13,424.89 | 10,941.03 | 7,885.99 |