15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $149M | — | — | 10.4% | 1.2% | $126M | $736M | $210M |
| 2024 | — | -$62M | — | — | -4.4% | -0.7% | -$11M | $573M | $167M |
| 2023 | — | -$49M | — | — | -3.1% | -0.7% | -$20M | $934M | $187M |
| 2022 | — | -$299M | — | — | -16.9% | -4.8% | -$118M | $542M | $245M |
| 2021 | — | $193M | — | — | 8.3% | 3.4% | $93M | $1.0B | $290M |
| 2020 | — | -$289M | — | — | -12.5% | -6.2% | $111M | $220M | $293M |
| 2019 | — | $174M | — | — | 7.9% | 0.7% | $35M | $224M | $119M |
| 2018 | — | $103M | — | — | 8.7% | 0.7% | $24M | $214M | $104M |
| 2017 | — | $92M | — | — | 9.5% | 0.8% | $29M | $240M | $95M |
| 2016 | — | $68M | — | — | 8.0% | 0.8% | $54M | — | $84M |
| 2015 | — | $78M | — | — | 8.9% | 0.9% | — | — | $62M |
| 2014 | — | $136M | — | — | 16.7% | 1.3% | — | — | $76M |
| 2012 | — | $28M | — | — | 8.8% | 0.4% | — | — | $32M |
| 2011 | — | $5M | — | — | 5.6% | 0.7% | — | — | $17M |
| 2010 | — | $7M | — | — | 9.9% | 1.8% | — | — | $19M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | $55M | — | — | 3.7% | 0.4% | — | $668M | $212M |
| Mar '26 | — | $49M | — | — | 3.3% | 0.4% | — | $669M | $209M |
| Dec '25 | — | $54M | — | — | 3.8% | 0.4% | — | $736M | $210M |
| Sep '25 | — | $45M | — | — | 3.2% | 0.4% | — | $767M | $185M |
| Jun '25 | — | $9M | — | — | 0.6% | 0.1% | — | $653M | $160M |
| Mar '25 | — | $42M | — | — | 3.0% | 0.4% | — | $654M | $177M |
| Dec '24 | — | -$31M | — | — | -2.3% | -0.3% | $26M | $573M | $167M |
| Sep '24 | — | $43M | — | — | 3.0% | 0.5% | -$9M | $699M | $195M |
| Jun '24 | — | -$16M | — | — | -1.1% | -0.2% | -$9M | $801M | $236M |
| Mar '24 | — | -$58M | — | — | -3.9% | -0.8% | -$19M | $1.0B | $227M |
| Dec '23 | — | $42M | — | — | 2.7% | 0.6% | $7M | $934M | $187M |
| Sep '23 | — | -$85M | — | — | -5.4% | -1.2% | $17M | $544M | $228M |
| Jun '23 | — | -$27M | — | — | -1.6% | -0.4% | -$15M | $545M | $232M |
| Mar '23 | — | $21M | — | — | 1.2% | 0.3% | -$30M | $545M | $228M |
| Dec '22 | — | -$38M | — | — | -2.1% | -0.6% | -$4M | $542M | $245M |
| Sep '22 | — | -$115M | — | — | -6.0% | -1.7% | -$18M | $535M | $355M |
| Jun '22 | — | -$72M | — | — | -3.4% | -1.0% | -$30M | $1.4B | $407M |
| Mar '22 | — | -$74M | — | — | -3.3% | -1.1% | -$65M | $1.2B | $304M |
| Dec '21 | — | $36M | — | — | 1.5% | 0.6% | $28M | $1.0B | $290M |
| Sep '21 | — | $52M | — | — | 2.2% | 1.0% | -$7M | $487M | $409M |
How the market has priced ADAM against its own fundamentals since 2025-09 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
See the revenue and net-income charts above for Adamas Trust, Inc.'s multi-year trend.
As of FY2025, Adamas Trust, Inc. reported $736M of total debt against $210M of cash.
In FY2025, gross margin was —, operating margin —, and net margin —.
As of Sep '26, Adamas Trust, Inc. traded at a price-to-earnings ratio of about 5.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.