Adamas Trust, Inc. (ADAM)

Adamas Trust Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Interest and Dividend Income	601.95	401.28	258.66	258.39	206.87
Total Interest Expense	488.4	389.99	282.36	185.43	83.25
Net Interest Income	113.55	11.29	-23.7	72.96	123.62
Mortgage Banking	26.62	-	-	-	-
Gain (Loss) on Sale of Investments	147.56	-113.77	70.14	-320.74	117.1
Other Revenue	27.31	245.72	163.56	179.38	51.09
Revenue Before Loan Losses	315.03	143.24	210	-68.4	291.81
Revenue	315.03	143.24	210	-68.4	291.81
Revenue Growth (YoY)	119.93%	-31.79%	-	-	-
Salaries & Employee Benefits	-	8.9	10.4	13	11.5
Cost of Services Provided	152.81	145.89	151.35	152.73	73.68
Other Operating Expenses	-	3.21	-	-	-
Total Operating Expenses	175.94	197.82	186.37	292.55	104.43
Operating Income	139.1	-54.57	23.63	-360.95	187.38
EBT Excluding Unusual Items	139.53	-54.57	23.63	-360.95	187.38
Other Unusual Items	-0.88	-2.67	-0.41	6.16	3.71
Pretax Income	137.8	-92.92	-77.72	-340.11	190.93
Income Tax Expense	0.15	1.04	0.08	0.54	2.46
Earnings From Continuing Ops.	137.66	-93.95	-77.8	-340.65	188.48
Minority Interest in Earnings	11.39	31.92	29.13	42.04	4.72
Net Income	149.05	-62.03	-48.67	-298.61	193.2
Preferred Dividends & Other Adjustments	47.94	41.76	41.37	41.97	49.02
Net Income to Common	101.11	-103.79	-90.04	-340.58	144.18
Shares Outstanding (Basic)	90	91	91	94	95
Shares Outstanding (Diluted)	92	91	91	94	95
Shares Change (YoY)	0.77%	-0.25%	-3.48%	-0.97%	2.69%
EPS (Basic)	1.12	-1.14	-0.99	-3.61	1.52
EPS (Diluted)	1.10	-1.14	-0.99	-3.61	1.51
Dividend Per Share	0.860	0.800	1.200	1.600	1.600
Dividend Growth	7.50%	-33.33%	-25.00%	-	77.78%
Operating Margin	44.15%	-38.10%	11.25%	-	64.21%
Profit Margin	32.09%	-72.45%	-42.87%	-	49.41%
Effective Tax Rate	0.10%	-	-	-	1.29%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.