Here are the 10-Q quarterly reports from Adamas Trust, Inc. (ADAM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ADAM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ADAM filings page.
ADAMAS TRUST, INC. (ADAM) reported a $171.0 million net loss attributable to common stockholders for the three months ended September 30, 2026, compared with $32.7 million of income a year earlier. Net interest income rose to $48.8 million from $36.6 million. The results also included $471.9 million of unrealized losses, $299.0 million of gains on derivative instruments and $168.2 million in total other loss. For the first nine months, common-stockholder net loss was $90.7 million, versus $59.5 million of income in 2025.
At September 30, 2026, total assets were $13.524 billion and total liabilities were $12.251 billion. Adamas received approximately $338.9 million of net proceeds from one residential-loan securitization in the quarter and approximately $1.2 billion from four during the nine months; the transactions were undertaken to obtain non-recourse, longer-term financing. A joint-venture entity sold a multifamily property for approximately $130.7 million, generating a $52.3 million net gain, of which $13.8 million was attributable to common stockholders. Formal foreclosure proceedings involved residential loans with $81.6 million fair value and $104.4 million unpaid principal balance as of September 30, 2026.
Adamas Trust, Inc., an internally managed real estate investment trust focused on credit-sensitive single-family and multi-family assets and Agency RMBS, reported sharply improved results for the period ended June 30, 2026. For the three months, net income attributable to common stockholders was $43,424 versus a loss of $3,486 a year earlier, with basic EPS of $0.48 compared with $(0.04). Net interest income rose to $50,209 from $36,447.
For the first six months of 2026, net income attributable to the company was $103,781, up from $50,701, and net income attributable to common stockholders reached $80,320 versus $26,799, with basic EPS of $0.89. Results reflected higher net interest income, strong $31,537 in mortgage banking activities from business purpose loan originations, and $136,604 in gains on derivative instruments, partly offset by $71,067 in unrealized losses and $23,640 in realized losses on investments.
At June 30, 2026, total assets were $12,963,898 and total equity was $1,469,470, with 89,879,786 common shares and 22,385,674 preferred shares outstanding. The company continued to securitize residential loans, completing three securitizations with aggregate net proceeds of approximately $826.4 million, and sold a multi-family community for approximately $130.7 million, generating a net gain of about $52.3 million.
Adamas Trust, Inc. reported stronger results for the quarter ended March 31, 2026. Total assets were $12.79 billion, up from $12.64 billion, with investment securities of $6.96 billion and residential loans of $4.50 billion at fair value.
Net income attributable to common stockholders rose to $36.9 million from $30.3 million, with basic EPS increasing to $0.41 from $0.33. Net interest income improved to $48.4 million from $33.1 million, while derivative gains and mortgage banking activities contributed to total other income of $80.9 million.
The company recorded unrealized losses on securities and loans but benefited from a sizable gain of about $52.3 million on a multifamily property sale. Operating cash flow was a use of $16.7 million, offset by net financing cash inflows of $106.7 million, including new securitizations and note issuance.
Adamas Trust, Inc. reported stronger results for the quarter ended September 30, 2025, driven by growth in interest income and investment gains. Interest income rose to $160.6 million, lifting net interest income to $36.6 million from $20.2 million a year earlier. Other income was supported by $54.9 million of unrealized gains, partly offset by losses on derivatives and realized losses on securities.
Net income attributable to the company increased to $44.8 million for the quarter and $95.5 million for the first nine months of 2025, compared with a loss in the prior-year period. Common stockholders earned $0.36 per share in the quarter and $0.66 year-to-date, while the company paid $36.0 million of preferred dividends over nine months. Total assets expanded to $12.4 billion, led by a larger Agency RMBS portfolio and residential loans, funded mainly through repurchase agreements, collateralized debt obligations and senior notes.