Adamas Trust, Inc.: stock overview

ADAMNASDAQReal estate · Real Estate Investment TrustsREIT

Price

$5.25

November 13, 2026Market cap $474M

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  • The full history: 16 fiscal years, from 2010
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
  • An email when it reports, changes its dividend or an officer buys

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In short

Adamas Trust had revenue of $191M over the last 12 months and a net loss of $1.8M. Revenue grew by 3.3% a year on average over the last 5 years. It has net debt of $496M. It pays a dividend yielding 19.62%.

From its SEC filings (latest fiscal year to December 31, 2025) and the price of November 13, 2026.

Its SEC filings
Market cap
$474M
90.30M shares
P/E
–
Revenue, 12 months
$191M
+3.3% a year over 5 years
Net margin
-1.0%
2025: 99.8%, above 100% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

2023–2025 fiscal years

+49.8% a year over 2 years

Fiscal years in figures

ADAM's revenue, profit, cash flow and dividend with each year-end price, from 2010 to 2022, 13 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $778M
$474M
Enterprise value 
$971M
P/E 
–
EV / EBIT 
28.6
EV / Revenue 
5.1
P/B 3-year median: 0.5
0.6
FCF yield 3-year median: -1.9%
26.6%
Earnings yield 3-year median: -11.6%
–

Profitability

Operating margin 
17.8%
Net margin 3-year median: -73.2%
-1.0%
ROIC 
1.3%
ROIC, 5-year average 
-1.7%
ROE 
-0.1%

Growth

Revenue, yearly change 
+78.1%
EPS, yearly change 
–
FCF, yearly change 
–
Revenue, average a year 
+3.3%

The yearly change compares FY2025 with FY2024.

Balance sheet

Cash 
$262M
Total debt 
$763M
Of which operating leases 
$4.2M
Net debt 
$496M
Net debt / EBITDA 
8.7x
Interest cover 
–
Current ratio 
–

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 13.2%
19.62%
Buybacks 
0.32%
Total returned 
19.94%
Shares, yearly change 
+49.6%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 67).

Operating margin

92.3%

Above 100% of the 106 companies in its industry, and 100% of all.

Net margin

99.8%

Above 100% of the 212 companies in its industry, and 100% of all.

ROE

10.5%

Above 79% of the 204 companies in its industry, and 62% of all.

ROA

1.2%

Above 49% of the 221 companies in its industry, and 47% of all.

Revenue growth

78.1%

Above 96% of the 211 companies in its industry, and 97% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
ADAMAS TRUST, INC.
CIK
1273685
Exchange
NASDAQ
Industry (SIC)
6798 · Real Estate Investment Trusts
Fiscal year ends
December 31
Latest annual report
December 31, 2025
Reporting currency
USD
Shares
90.30M

Other companies: Real estate

The largest companies of the same sector, each with its own page.

The Real estate sectorAll companies

The full analysis

What do Adamas Trust's filings show?

These are Adamas Trust's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about ADAM

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What is ADAM's market cap?

Adamas Trust, Inc.'s market cap is $474M, at a price of $5.25 on November 13, 2026 and 90.30M shares.

How much revenue does ADAM have?

Adamas Trust had revenue of $191M over the last 12 months. Over the last 5 years it changed by +3.3% a year on average.

Does ADAM pay a dividend?

Yes. Adamas Trust paid $1.03 per share over the last 12 months, a yield of 19.62% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Adamas Trust, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.