ADAM · XBRL financial data

Adamas Trust financial statements, every fiscal year

The same tables from 6 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 years (ADAM's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
General and administrative	42	49	52	50	49	73
Total operating expenses	55	104	349	74	92	123
Other operating income (expense)	(360)	172	(121)	(39)	(42)	124
Operating income (loss)	(287)	191	(340)	(78)	(93)	138
Interest expense	223	83	129	192	—	—
Other income (expense)	—	6	19	5	29	17
Income tax expense (benefit)	1	2	1	0	1	0
Net income (loss)	(289)	193	(299)	(49)	(62)	149
Earnings per share, basic‡ USD per share	(3.56)	1.52	(3.60)	(0.99)	(1.14)	1.12
Earnings per share, diluted‡ USD per share	(3.56)	1.52	(3.60)	(0.99)	(1.14)	1.10
Weighted average shares, basic‡ millions of shares	93	95	94	91	91	90
Weighted average shares, diluted‡ millions of shares	93	95	94	91	91	92

‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (March 2023); filings made before it reported them unadjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	293	290	245	187	167	210
Right-of-use asset	10	9	8	7	5	5
Goodwill	0	—	—	—	0	22
Total assets	4,656	5,642	6,241	7,401	9,217	12,639
Total liabilities	2,348	3,210	4,377	5,773	7,806	11,208
Accumulated deficit	(551)	(559)	(1,053)	(1,254)	(1,431)	(1,409)
Total stockholders' equity	2,301	2,341	1,767	1,580	1,395	1,427
Total liabilities and equity	4,656	5,642	6,241	7,401	9,217	12,639
Common shares outstanding (cover page)‡ millions of shares	95	95	91	91	91	90

‡ Per-share figures and share counts are adjusted for the 1-for-4 stock split (March 2023); filings made before it reported them unadjusted.

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(289)	193	(299)	(49)	(62)	149
Stock-based compensation	10	10	12	9	6	8
Depreciation and amortization	0	19	127	25	40	23
Net cash from operating activities	111	139	92	30	14	134
Purchases of property and equipment	0	46	209	50	25	8
Net cash from investing activities	2,118	(133)	(509)	(1,220)	(2,244)	(2,897)
Proceeds from issuing common stock	512	0	0	—	—	—
Share repurchases	0	0	44	9	3	2
Dividends paid	105	152	152	129	75	76
Net cash from financing activities	(2,046)	27	460	1,140	2,229	2,776
Net change in cash	183	33	43	(50)	(2)	13

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.