stockrow
Friday 6 November 2026
Export ADAM’s income statement to Excel — free account
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.
- Revenue
- +12.8%
- EPS
- −625.0%
- Free cash flow
- −119.7%
- Total debt
- +12.2%
Quarter to September 2026, against a year earlier
5.81
0.11
−1.86%
Follow ADAM
Alert me
| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
13.26 | 8.99 | 9.06 | 9.58 | 0.00 | 9.79 | 0.00 | 0.00 | 0.00 | 6.58 |
Piotroski F-Score |
3 | 3 | 4 | 6 | 4 | 5 | 5 | 4 | 6 | 8 |
P/S ratio |
2.28 | 1.87 | 1.64 | 1.99 | 3.91 | 6.82 | 3.84 | 2.94 | 1.37 | 1.10 |
P/FCF ratio |
13.49 | 23.53 | 31.60 | 34.61 | 11.64 | 10.95 | 0.00 | 3.77 | 3.75 | 2.02 |
P/Operating CF |
78.64 | 217.13 | 147.07 | 158.11 | 40.07 | 23.16 | 117.96 | 58.05 | 18.90 | 10.63 |
P/B ratio |
1.05 | 1.00 | 0.84 | 0.81 | 0.76 | 0.77 | 0.79 | 0.71 | 0.64 | 0.74 |
Price to Tangible BV |
1.09 | 1.03 | 0.87 | 0.82 | 0.77 | 0.80 | 0.80 | 0.72 | 0.65 | 0.76 |
EV/Sales |
26.71 | 31.49 | 30.87 | 32.19 | 9.38 | 16.81 | 14.43 | 19.55 | 18.88 | 18.47 |
EV/EBITDA |
108.92 | 125.16 | 152.69 | 191.37 | 0.00 | 14.35 | 0.00 | 79.08 | 473.64 | 59.38 |
EV/Operating CF |
158.40 | 393.06 | 581.98 | 637.06 | 29.66 | 25.03 | 40.64 | 168.83 | 538.54 | 82.96 |
EV/FCF |
158.40 | 397.06 | 593.20 | 561.20 | 27.94 | 26.98 | (372.00) | 25.08 | 51.68 | 33.98 |
Quick Ratio |
3.36 | 1.46 | 1.65 | 0.67 | 7.98 | 0.41 | 0.62 | 0.24 | 0.46 | 0.63 |
Current Ratio |
117.90 | 74.35 | 97.55 | 118.90 | 95.39 | 5.62 | 9.77 | 4.29 | 11.17 | 14.17 |
Net Debt/EBITDA |
99.64 | 117.74 | 179.05 | 179.57 | (7.75) | 8.53 | (14.82) | 67.21 | 439.24 | 55.86 |
Debt/Assets |
88.10% | 90.75% | 91.09% | 89.86% | 47.46% | 41.64% | 47.78% | 60.59% | 78.06% | 84.43% |
Debt/Equity |
9.27 | 11.21 | 11.37 | 9.57 | 0.96 | 1.00 | 1.66 | 2.80 | 5.14 | 7.48 |
Asset Turnover |
0.04 | 0.03 | 0.03 | 0.04 | 0.02 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 |
Operating CF/Net income |
0.99 | 0.38 | 0.31 | 0.24 | (0.34) | 0.96 | (0.27) | (0.33) | (0.14) | 1.33 |
Capex/Depreciation |
0.28 | (1.50) | 0.02 | (0.09) | 0.38 | (0.20) | (0.67) | 3.29 | 2.21 | 4.87 |
| 7.73% | 11.08% | 10.04% | 11.18% | (18.82%) | 7.94% | (22.05%) | (7.74%) | (10.77%) | 11.55% | |
| 0.61% | 0.73% | 0.59% | 0.76% | (2.34%) | 2.80% | (5.72%) | (1.32%) | (1.25%) | 0.93% | |
ROIC |
0.51% | 0.49% | 0.45% | 0.46% | (3.88%) | 2.69% | (4.65%) | 0.13% | (0.33%) | 0.78% |
Return on Tangible Assets |
0.71% | 0.75% | 0.62% | 0.69% | (9.37%) | 3.36% | (8.20%) | (2.42%) | (2.38%) | 2.05% |
Average Days of Receivables |
158.12 | 108.24 | 91.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
7.68% | 6.25% | 9.10% | 7.11% | 12.17% | 28.28% | 48.31% | 53.27% | 30.93% | 19.39% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.16% | 0.45% | 0.57% | 0.77% | 2.83% | 4.95% | 4.60% | 3.41% | 1.51% | 1.36% |
Graham Net Nets |
(0.44) | (1.06) | (0.85) | (0.15) | 0.85 | 0.49 | (0.59) | (3.21) | (6.77) | (9.86) |
Graham Number |
33.71 | 38.76 | 40.47 | 42.39 | 0.00 | 25.67 | 0.00 | 0.00 | 0.00 | 15.65 |
Earnings Yield |
7.54% | 11.13% | 11.04% | 10.43% | (27.10%) | 10.22% | (34.22%) | (11.75%) | (18.81%) | 15.21% |
Free Cash Flow Yield |
7.41% | 4.25% | 3.16% | 2.89% | 8.59% | 9.13% | (1.01%) | 26.55% | 26.64% | 49.57% |
Revenue per Share |
11.65 | 13.09 | 14.33 | 12.55 | 3.78 | 2.18 | 2.74 | 2.84 | 4.42 | 6.66 |
Operating CF per Share |
1.97 | 1.05 | 0.76 | 0.63 | 1.19 | 1.47 | 0.97 | 0.33 | 0.15 | 1.48 |
Capex per Share |
0.08 | (0.01) | (0.01) | 0.09 | 0.06 | (0.11) | (1.08) | 1.89 | 1.46 | 2.14 |
Free Cash Flow per Share |
2.04 | 1.04 | 0.75 | 0.72 | 1.25 | 1.36 | (0.11) | 2.21 | 1.61 | 3.62 |
Cash per Share |
3.05 | 3.40 | 3.26 | 2.15 | 3.16 | 3.05 | 2.59 | 2.06 | 1.84 | 2.33 |
Shareholders Equity per Share |
31.07 | 34.91 | 37.10 | 39.84 | 24.88 | 24.95 | 19.09 | 17.58 | 15.40 | 15.79 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
31.07 | 34.91 | 37.10 | 39.84 | 24.88 | 24.95 | 19.09 | 17.58 | 15.40 | 15.79 |
Free Cash Flow |
55.98 | 29.04 | 23.72 | 39.85 | 116.30 | 128.87 | (10.03) | 201.61 | 146.63 | 327.24 |
Working Capital |
7,711.76 | 10,214.37 | 12,788.73 | 20,899.69 | 3,469.19 | 3,275.87 | 3,462.63 | 2,582.78 | 3,728.75 | 4,372.56 |
Capital Expenditures |
2.13 | (0.30) | (0.46) | 4.75 | 5.55 | (10.04) | (101.81) | 171.66 | 132.56 | 193.20 |
Net Current Asset Value |
(322.74) | (726.66) | (636.17) | (201.39) | 1,157.93 | 692.31 | (583.10) | (2,434.06) | (3,723.15) | (6,506.74) |
EV/EBIT |
120.71 | 125.42 | 135.64 | 129.65 | 0.00 | 18.21 | 0.00 | 427.68 | 0.00 | 75.36 |
Capex to Sales |
(0.01) | 0.00 | 0.00 | (0.01) | (0.02) | 0.05 | 0.39 | (0.66) | (0.33) | (0.32) |
Price to Operating Income |
10.28 | 7.43 | 7.22 | 8.00 | 0.00 | 7.39 | 0.00 | 64.22 | 0.00 | 4.47 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.00 | 0.00 | 0.00 | (6.18) | 0.29 | 0.05 | 0.22 | 0.05 | 0.10 | 0.07 |
Cash ROIC |
0.63% | 0.24% | 0.16% | 0.17% | 2.42% | 2.57% | (0.20%) | 3.21% | 1.67% | 2.66% |
Accounts Receivable Turnover |
2.87 | 2.97 | 4.08 | 4.89 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
111.16 | 123.45 | 111.69 | 142.02 | — | — | — | — | — | — |
Average Assets |
9,003.94 | 10,503.96 | 13,396.97 | 19,110.51 | 14,069.48 | 5,156.94 | 5,949.52 | 6,821.04 | 8,309.31 | 10,928.07 |
Average Common Equity |
706.59 | 689.07 | 788.39 | 1,295.40 | 1,751.54 | 1,814.99 | 1,544.56 | 1,163.29 | 963.97 | 875.14 |
Columns are period end dates · fundamentals updated 5 Nov 2026