Adamas Trust, Inc. (ADAM)

Adamas Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	549.52	401.28	258.66	258.39	206.87	350.16
Total Interest Expense	460.27	389.99	282.36	185.43	83.25	223.07
Net Interest Income	89.25	11.29	-23.7	72.96	123.62	127.09
Gain (Loss) on Sale of Investments	42.86	-113.77	70.14	-320.74	117.1	-362.34
Other Revenue	57.42	245.72	163.56	179.38	51.09	29.52
Revenue Before Loan Losses	203.64	143.24	210	-68.4	291.81	-205.72
Revenue	203.64	143.24	210	-68.4	291.81	-205.72
Revenue Growth (YoY)	-19.41%	-31.79%	-	-	-	-
Salaries & Employee Benefits	8.9	8.9	10.4	13	11.5	9.92
Cost of Services Provided	132.21	145.89	151.35	152.73	73.68	44.26
Other Operating Expenses	3.21	3.21	-	-	-	-
Total Operating Expenses	168.95	197.82	186.37	292.55	104.43	54.56
Operating Income	34.68	-54.57	23.63	-360.95	187.38	-260.29
EBT Excluding Unusual Items	34.68	-54.57	23.63	-360.95	187.38	-260.29
Impairment of Goodwill	-	-	-	-	-	-25.22
Other Unusual Items	-2.67	-2.67	-0.41	6.16	3.71	-
Pretax Income	49.68	-92.92	-77.72	-340.11	190.93	-287.26
Income Tax Expense	-1.33	1.04	0.08	0.54	2.46	0.98
Earnings From Continuing Ops.	51.01	-93.95	-77.8	-340.65	188.48	-288.24
Minority Interest in Earnings	13.12	31.92	29.13	42.04	4.72	-0.27
Net Income	64.13	-62.03	-48.67	-298.61	193.2	-288.51
Preferred Dividends & Other Adjustments	46.46	41.76	41.37	41.97	49.02	41.19
Net Income to Common	17.67	-103.79	-90.04	-340.58	144.18	-329.7
Net Income Growth	469.16%	-	-	-	-	-
Shares Outstanding (Basic)	90	91	91	94	95	93
Shares Outstanding (Diluted)	91	91	91	94	95	93
Shares Change (YoY)	0.35%	-0.25%	-3.48%	-0.97%	2.69%	52.93%
EPS (Basic)	0.20	-1.14	-0.99	-3.61	1.52	-3.55
EPS (Diluted)	0.19	-1.14	-0.99	-3.61	1.51	-3.56
Dividend Per Share	0.830	0.800	1.200	1.600	1.600	0.900
Dividend Growth	3.75%	-33.33%	-25.00%	-	77.78%	-71.88%
Operating Margin	17.03%	-38.10%	11.25%	-	64.21%	-
Profit Margin	8.68%	-72.45%	-42.87%	-	49.41%	-
Effective Tax Rate	-	-	-	-	1.29%	-

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.