Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ADAMH SEC filings page.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) reported $601.9M in revenue for fiscal year 2025, up 50.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The dominant mechanic is liability-funded asset expansion, with cash generation finally catching up to reported earnings.
From FY2023 to FY2025, assets rose70.8% while liabilities rose94.1% and equity fell9.7% , pointing to expansion financed primarily through obligations rather than retained profits. In FY2025, operating cash flow of$134M broadly tracked net income of$149M ; that alignment contrasts with the prior two years, when free cash flow remained negative and earnings quality was weaker.
FY2025 return on assets was
Liabilities reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Adamas Trust, Inc. 9.875% Senior Notes Due 2030's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 has an operating margin of 22.9%, meaning the company retains $23 of operating profit per $100 of revenue. This below-average margin results in a low score of 24/100, suggesting thin profitability after operating expenses. This is up from -23.2% the prior year.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030's revenue surged 50.0% year-over-year to $601.9M, reflecting rapid business expansion. This strong growth earns a score of 95/100.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 has elevated debt relative to equity (D/E of 0.52), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 19/100, reflecting increased financial risk.
Not available for Adamas Trust, Inc. 9.875% Senior Notes Due 2030, and counted as zero in the overall score.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 has a free cash flow margin of 20.9%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
Not available for Adamas Trust, Inc. 9.875% Senior Notes Due 2030, and counted as zero in the overall score.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Adamas Trust, Inc. 9.875% Senior Notes Due 2030 generates $0.90 in operating cash flow ($134.0M OCF vs $149.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 earns $0.30 in operating income for every $1 of interest expense ($137.8M vs $452.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 generated $174.4M in revenue in Q2 2026. This represents an increase of 23.8% from the same quarter a year earlier. Against the prior quarter it is up 1.4%.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030's EBITDA was $57.6M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 463.8% from the same quarter a year earlier. Against the prior quarter it is down 37.0%.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 reported $55.2M in net income in Q2 2026. This represents an increase of 545.7% from the same quarter a year earlier. Against the prior quarter it is up 13.5%.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 earned $0.47 per diluted share (EPS) in Q2 2026. This represents an increase of 1275.0% from the same quarter a year earlier. Against the prior quarter it is up 17.5%.
Cash & Balance Sheet
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 held $212.3M in cash against $668.3M in long-term debt as of Q2 2026.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 paid $0.27 per share in dividends in Q2 2026. This represents an increase of 35.0% from the same quarter a year earlier. Against the prior quarter it is up 17.4%.
Not reported for Q2 2026.
Margins & Returns
Adamas Trust, Inc. 9.875% Senior Notes Due 2030's operating margin was 30.4% in Q2 2026, reflecting core business profitability. This is up 27.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 20.0 percentage points.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030's net profit margin was 31.6% in Q2 2026, showing the share of revenue converted to profit. This is up 25.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.4 percentage points.
Adamas Trust, Inc. 9.875% Senior Notes Due 2030's ROE was 3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.
Not reported for Q2 2026.
Capital Allocation
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
ADAMH Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $174.4M+23.8% | $172.1M+32.6% | $170.7M+44.3% | $160.6M+48.2% | $140.9M+55.2% | $129.7M+54.6% | $118.3M+50.1% | $108.4M+66.2% |
| SG&A Expenses | $25.6M+117.3% | $24.5M+97.3% | $25.1M+108.7% | $23.3M+95.5% | $11.8M+1.2% | $12.4M-4.9% | $12.0M+2.5% | $11.9M+1.0% |
| Operating Income | $53.1M+1140.1% | $86.7M+130.0% | $56.3M+277.1% | $39.5M-7.7% | $4.3M+118.0% | $37.7M+147.0% | -$31.8M-196.8% | $42.8M+145.6% |
| EBITDA | $57.6M+463.8% | $91.3M+109.5% | $61.7M+347.6% | $45.4M-10.8% | $10.2M+188.7% | $43.6M+164.5% | -$24.9M-163.7% | $50.9M+158.0% |
| Interest Expense | $124.2M+18.9% | $123.7M+28.0% | $127.5M+39.3% | $124.0M+40.8% | $104.5M+45.6% | $96.6M+46.4% | $91.5M+47.7% | $88.1M+82.1% |
| Income Tax | $13K+108.1% | $159K-75.5% | -$44K+97.1% | -$298K-112.8% | -$161K-147.1% | $648K+683.8% | -$1.5M-1242.9% | $2.3M+4251.8% |
| Net Income | $55.2M+545.7% | $48.6M+15.3% | $53.5M+270.5% | $44.8M+4.6% | $8.5M+154.8% | $42.2M+172.8% | -$31.4M-174.9% | $42.8M+150.7% |
| EPS (Basic) | $0.48+1300.0% | $0.41+24.2% | $0.46+200.0% | $0.360.0% | -$0.04+86.2% | $0.33+144.0% | -$0.46-235.3% | $0.36+134.6% |
| EPS (Diluted) | $0.47+1275.0% | $0.40+21.2% | $0.45 | $0.360.0% | -$0.04+86.2% | $0.33 | -$0.46 | $0.36+134.6% |
| Diluted Shares (Avg) | 92M+2.2% | 92M+1.1% | N/A | 92M+1.1% | 90M-0.7% | 91M | N/A | 91M-0.4% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
ADAMH Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.0B+22.9% | $12.8B+27.9% | $12.6B+37.1% | $12.4B+39.3% | $10.6B+28.2% | $10.0B+34.3% | $9.2B+24.5% | $8.9B+28.4% |
| Cash & Equivalents | $212.3M+32.3% | $208.9M+18.0% | $210.3M+25.6% | $185.3M-5.0% | $160.4M-31.9% | $177.1M-22.0% | $167.4M-10.5% | $195.1M-14.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $22.4M | $22.4M | $22.4M | $22.4M | N/A | N/A | $0 | N/A |
| Total Liabilities | $11.5B+25.5% | $11.3B+32.0% | $11.2B+43.6% | $11.0B+47.9% | $9.2B+35.4% | $8.6B+44.8% | $7.8B+35.2% | $7.4B+39.7% |
| Long-Term Debt | $668.3M+2.3% | $669.5M+2.3% | $735.8M+28.4% | $766.6M+9.6% | $653.0M-18.4% | $654.4M-34.6% | $573.2M-38.6% | $699.4M+28.5% |
| Total Equity | $1.5B+6.6% | $1.5B+3.9% | $1.4B+2.3% | $1.4B-3.7% | $1.4B-3.5% | $1.4B-5.6% | $1.4B-11.7% | $1.4B-8.3% |
| Retained Earnings | -$1.4B+4.6% | -$1.4B+1.8% | -$1.4B+1.5% | -$1.4B-4.3% | -$1.4B-4.0% | -$1.4B-5.8% | -$1.4B-14.1% | -$1.4B-8.3% |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities.
ADAMH Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $105.9M+170.0% | -$16.7M-164.7% | $62.1M+113.2% | $6.9M+850.7% | $39.2M+4049.5% | $25.8M+296.6% | $29.1M+122.6% | -$922K-103.2% |
| Depreciation & Amortization | $4.5M-24.3% | $4.6M-21.6% | $5.4M-22.0% | $5.9M-27.0% | $5.9M-51.5% | $5.9M-53.1% | $6.9M+10.1% | $8.1M+31.1% |
| Stock-Based Compensation | N/A | $175K-79.7% | N/A | N/A | N/A | $861K | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | $3.5M-38.4% | $7.6M-35.5% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | $25.7M+243.5% | -$8.6M-151.8% |
| Investing Cash Flow | -$300.5M+16.5% | -$67.0M+91.6% | -$148.1M+74.7% | -$1.6B-91.2% | -$360.0M+37.1% | -$794.2M-212.7% | -$584.3M-47.0% | -$834.1M-10.0% |
| Financing Cash Flow | $138.5M-55.8% | $106.7M-85.0% | $130.6M-76.3% | $1.6B+102.6% | $313.5M-43.1% | $713.8M+118.1% | $552.2M+53.6% | $798.8M+8.0% |
| Dividends Paid | $20.8M+14.4% | $21.4M+16.0% | $20.8M+14.8% | $18.1M-0.2% | $18.2M-0.4% | $18.5M-9.8% | $18.1M-33.4% | $18.1M-33.8% |
| Share Buybacks | $0-100.0% | $5.0M | $0 | $0 | $1.5M-57.0% | $0 | $0 | $0-100.0% |
ADAMH Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 30.4%+27.4pp | 50.4%+21.3pp | 33.0%+59.9pp | 24.6%-14.9pp | 3.0%+29.2pp | 29.1%+124.6pp | -26.9%-68.6pp | 39.5% |
| Net Margin | 31.6%+25.6pp | 28.2%-4.2pp | 31.4%+57.9pp | 27.9%-11.6pp | 6.1%+23.2pp | 32.5%+101.5pp | -26.5%-79.7pp | 39.5% |
| Return on Equity | 3.8%+3.1pp | 3.3%+0.3pp | 3.8%+6.0pp | 3.2%+0.2pp | 0.6%+1.7pp | 3.0%+6.9pp | -2.3%-4.9pp | 3.0%+8.3pp |
| Return on Assets | 0.4%+0.4pp | 0.4%0.0pp | 0.4%+0.8pp | 0.4%-0.1pp | 0.1%+0.3pp | 0.4%+1.2pp | -0.3%-0.9pp | 0.5%+1.7pp |
| Debt-to-Equity | 0.450.0x | 0.460.0x | 0.52+0.1x | 0.55+0.1x | 0.47-0.1x | 0.47-0.2x | 0.41-0.2x | 0.48+0.1x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | 21.7%+12.2pp | -7.9%-33.3pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Where Adamas Trust, Inc. 9.875% Senior Notes Due 2030 Ranks
Frequently Asked Questions
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's annual revenue?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) reported $601.9M in total revenue for fiscal year 2025. This represents a 50.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's revenue growing?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) revenue grew by 50.0% year-over-year, from $401.3M to $601.9M in fiscal year 2025.
Is Adamas Trust, Inc. 9.875% Senior Notes Due 2030 profitable?
Yes, Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) reported a net income of $149.0M in fiscal year 2025, with a net profit margin of 24.8%.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's EBITDA?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had EBITDA of $160.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Adamas Trust, Inc. 9.875% Senior Notes Due 2030 have?
As of fiscal year 2025, Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had $210.3M in cash and equivalents against $735.8M in long-term debt.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's operating margin?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had an operating margin of 22.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's net profit margin?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had a net profit margin of 24.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's return on equity (ROE)?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) has a return on equity of 10.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's free cash flow?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) generated $125.9M in free cash flow during fiscal year 2025. This represents a 1290.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's operating cash flow?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) generated $134.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Adamas Trust, Inc. 9.875% Senior Notes Due 2030's total assets?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had $12.6B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Adamas Trust, Inc. 9.875% Senior Notes Due 2030's capital expenditures?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's debt-to-equity ratio?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had a debt-to-equity ratio of 0.52 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's return on assets (ROA)?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Adamas Trust, Inc. 9.875% Senior Notes Due 2030's Piotroski F-Score?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Adamas Trust, Inc. 9.875% Senior Notes Due 2030's earnings high quality?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) has an earnings quality ratio of 0.90x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Adamas Trust, Inc. 9.875% Senior Notes Due 2030 cover its interest payments?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) has an interest coverage ratio of 0.30x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Adamas Trust, Inc. 9.875% Senior Notes Due 2030?
Adamas Trust, Inc. 9.875% Senior Notes Due 2030 (ADAMH) scores 33 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.