ADAMAS TRUST, INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that ADAMAS TRUST, INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $149.05M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | ($62.03M) | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | ($48.67M) | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | ($298.61M) | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $193.20M | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | $80.42M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $101.64M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $117.81M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | ($588.38M) | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $65.48M | Feb 26, 2021 |
Operating Income
Profit from core business operations before interest expense and income taxes (also known as EBIT). Excludes non-operating items, making it a cleaner measure of operational efficiency than net income.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $137.80M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | ($92.92M) | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | ($77.72M) | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | ($340.11M) | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $190.93M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | ($287.26M) | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $172.48M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $103.74M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $91.92M | Feb 28, 2020 |
SG&A Expense
Selling, general, and administrative expenses — the overhead costs of running the business, including salaries, marketing, legal fees, and corporate office costs. Excludes COGS and R&D.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2017 | Dec 31, 2017 | $41.08M | Feb 27, 2018 |
| FY2017 | Dec 31, 2016 | $35.22M | Feb 27, 2018 |
| FY2017 | Dec 31, 2015 | $39.48M | Feb 27, 2018 |
| FY2016 | Dec 31, 2014 | $40.46M | Feb 28, 2017 |
| FY2015 | Dec 31, 2013 | $19.92M | Feb 25, 2016 |
| FY2014 | Dec 31, 2012 | $11.43M | Feb 27, 2015 |
| FY2013 | Dec 31, 2011 | $10.52M | Mar 10, 2014 |
| FY2012 | Dec 31, 2010 | $7.95M | Mar 18, 2013 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $134.04M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $14.07M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $29.95M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $91.78M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $138.91M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $110.76M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $35.10M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $24.18M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $29.33M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $53.84M | Feb 25, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $8.15M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $24.65M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $50.41M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $209.37M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $46.06M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $206.0K | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $128.0K | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $457.0K | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $296.0K | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $0 | Feb 25, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.64B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $9.22B | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | $7.40B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $6.24B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $5.66B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $4.66B | Feb 25, 2022 |
| FY2019 | Jan 1, 2020 | $502.03M | Feb 28, 2020 |
| FY2020 | Dec 31, 2019 | $23.48B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $14.74B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $12.06B | Feb 25, 2019 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $11.21B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $7.81B | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | $5.77B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $4.38B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $3.23B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.35B | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | $21.28B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $13.56B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $11.08B | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | $8.10B | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.43B | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $1.39B | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | $1.58B | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | $1.77B | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | $2.34B | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | $2.30B | Feb 25, 2022 |
| FY2019 | Jan 1, 2020 | ($136.58M) | Feb 28, 2020 |
| FY2020 | Dec 31, 2019 | $2.21B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $1.18B | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $971.87M | Feb 25, 2019 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $22.40M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $0 | Feb 20, 2026 |
| FY2020 | Dec 31, 2020 | $0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $25.22M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $25.22M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | $25.22M | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | $25.22M | Feb 27, 2018 |
| FY2016 | Dec 31, 2015 | $0 | Feb 28, 2017 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | ($1.41B) | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | ($1.43B) | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | ($1.25B) | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | ($1.05B) | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | ($559.34M) | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | ($551.27M) | Feb 25, 2022 |
| FY2019 | Jan 1, 2020 | ($136.58M) | Feb 28, 2020 |
| FY2020 | Dec 31, 2019 | ($148.86M) | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | ($103.18M) | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | ($75.72M) | Feb 25, 2019 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $210.33M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $167.42M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $187.11M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $244.72M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $289.60M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $293.18M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $118.76M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $103.72M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $95.19M | Feb 28, 2020 |
| FY2018 | Dec 31, 2016 | $83.55M | Feb 25, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $735.83M | Feb 20, 2026 |
| FY2024 | Dec 31, 2024 | $573.16M | Feb 21, 2025 |
| FY2023 | Dec 31, 2023 | $934.05M | Feb 23, 2024 |
| FY2022 | Dec 31, 2022 | $542.45M | Feb 24, 2023 |
| FY2021 | Dec 31, 2021 | $1.00B | Feb 25, 2022 |
| FY2020 | Dec 31, 2020 | $220.03M | Feb 26, 2021 |
| FY2019 | Dec 31, 2019 | $223.62M | Feb 28, 2020 |
| FY2018 | Dec 31, 2018 | $214.28M | Feb 25, 2019 |
| FY2017 | Dec 31, 2017 | $240.37M | Feb 27, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | (1) | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | (3) | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | (1) | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | (1) | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | 0 | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | (3) | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | 1 | Feb 23, 2024 |
| FY2020 | Dec 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | (1) | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 0 | Feb 26, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 90.30M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | 90.57M | Feb 20, 2026 |
| FY2024 | Dec 31, 2023 | 90.68M | Feb 21, 2025 |
| FY2023 | Dec 31, 2022 | 91.19M | Feb 23, 2024 |
| FY2022 | Dec 31, 2021 | 379.41M | Feb 24, 2023 |
| FY2021 | Dec 31, 2020 | 377.74M | Feb 25, 2022 |
| FY2020 | Dec 31, 2019 | 291.37M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | 155.59M | Feb 28, 2020 |
| FY2018 | Dec 31, 2017 | 111.91M | Feb 25, 2019 |
| FY2017 | Dec 31, 2016 | 109.40M | Feb 27, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $75.51M | Feb 20, 2026 |
| FY2025 | Dec 31, 2024 | $74.95M | Feb 20, 2026 |
| FY2025 | Dec 31, 2023 | $128.80M | Feb 20, 2026 |
| FY2024 | Dec 31, 2022 | $151.75M | Feb 21, 2025 |
| FY2023 | Dec 31, 2021 | $151.62M | Feb 23, 2024 |
| FY2022 | Dec 31, 2020 | $105.49M | Feb 24, 2023 |
| FY2021 | Dec 31, 2019 | $163.36M | Feb 25, 2022 |
| FY2020 | Dec 31, 2018 | $97.91M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $93.87M | Feb 28, 2020 |