ADAM · XBRL financial data

Adamas Trust financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (ADAM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
General and administrative	12*	13	12	12	12*	12	12	23	25*	24	26	24
Total operating expenses	18*	24	24	23	21*	25	20	42	36*	40	40	40
Other operating income (expense)	41*	(57)	(6)	53	(32)*	32	(9)	49	53*	81	45	(168)
Operating income (loss)	33*	(80)	(24)	43	(32)*	38	4	39	56*	87	53	(162)
Interest expense	62*	66	—	—	—	—	—	—	—	—	—	—
Other income (expense)	3*	(4)	0	20	13*	2	2	1	11*	53	2	3
Income tax expense (benefit)	0*	(0)	0	2	(2)*	1	(0)	(0)	(0)*	0	0	(0)
Net income (loss)	42*	(58)	(16)	43	(31)*	42	9	45	54*	49	55	(159)
Earnings per share, basic USD per share	—	(0.75)	(0.29)	0.36	—	0.33	(0.04)	0.36	—	0.41	0.48	(1.89)
Earnings per share, diluted USD per share	—	(0.75)	(0.29)	0.36	—	0.33	(0.04)	0.36	—	0.40	0.47	(1.89)
Weighted average shares, basic millions of shares	—	91	91	91	91*	91	90	90	90*	90	90	90
Weighted average shares, diluted millions of shares	—	91	91	91	91*	91	90	92	93*	92	92	90

Fiscal quarters (ADAM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Cash and cash equivalents	187	227	236	195	167	177	160	185	210	209	212	262
Right-of-use asset	7	6	6	6	5	5	5	5	5	5	4	4
Goodwill	—	—	—	—	0	—	—	22	22	22	22	22
Total assets	7,401	7,447	8,229	8,906	9,217	10,004	10,552	12,402	12,639	12,790	12,964	13,524
Total liabilities	5,773	5,927	6,764	7,434	7,806	8,586	9,156	10,997	11,208	11,333	11,492	12,251
Accumulated deficit	(1,254)	(1,341)	(1,385)	(1,371)	(1,431)	(1,419)	(1,441)	(1,430)	(1,409)	(1,393)	(1,375)	(1,574)
Total stockholders' equity	1,580	1,485	1,432	1,444	1,395	1,402	1,381	1,391	1,427	1,456	1,472	1,276
Total liabilities and equity	7,401	7,447	8,229	8,906	9,217	10,004	10,552	12,402	12,639	12,790	12,964	13,524
Common shares outstanding (cover page) millions of shares	91	91	91	91	91	90	90	90	90	90	90	90

Fiscal quarters (ADAM's year ends in late December)

In millions of dollars	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026	Q3 FY26Sep 30, 2026
Net income (loss)	42*	(58)	(16)	43	(31)*	42	9	45	54*	49	55	(159)
Stock-based compensation	3*	—	—	2*	3*	1	2*	2*	2*	0	3*	3*
Depreciation and amortization	6*	13	12	8	7*	6	6	6	5*	5	4	5
Net cash from operating activities	13*	(13)	(1)*	(1)*	29*	26	39*	7*	62*	(17)	106*	(37)*
Purchases of property and equipment	6*	6	8*	8*	3*	—	—	—	year only	—	—	—
Net cash from investing activities	(397)*	(254)	(572)*	(834)*	(584)*	(794)	(360)*	(1,595)*	(148)*	(67)	(301)*	(593)*
Share repurchases	0*	0	3*	0*	0*	0	2*	0*	0*	5	0*	0*
Dividends paid	27*	20	18*	18*	18*	18	18*	18*	21*	21	21*	24*
Net cash from financing activities	360*	327	551*	799*	552*	714	313*	1,619*	131*	107	138*	712*
Net change in cash	(25)*	60	(23)*	(36)*	(3)*	(55)	(7)*	31*	45*	23	(56)*	82*

SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Adamas Trust	262	not reported	(37)*	90.3M	—	Q3 FY26 10-QSep 30, 2026
SITE Centers	200	8.6	(6.1)*	52.5M	29.2 quarters	Q3 FY26 10-QSep 30, 2026
Whitestone REIT	6	41	3.6	51.4M	—	Q1 FY26 10-QMar 31, 2026
TPG RE Finance Trust	71	not reported	14*	75.8M	—	Q3 FY26 10-QSep 30, 2026
CTO Realty Growth	8.8	47	25*	38.8M	—	Q3 FY26 10-QSep 30, 2026
BrightSpire Capital	64	87	17*	124.7M	—	Q3 FY26 10-QSep 30, 2026
Summit Hotel Properties	61	186	48*	107.9M	—	Q3 FY26 10-QSep 30, 2026
Digital Turbine	43	166	18	121.0M	—	Q1 FY27 10-QJun 30, 2026
Invesco Mortgage Capital	73	not reported	42*	107.6M	—	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.