ADAMAS TRUST, INC. (ADAMI)

Import this data to Google Sheets with:

=jivedata("ADAMI","financials")

Full statements spill as a table. For one cell: =jivedata("ADAMI","Revenue") or =jivedata("ADAMI","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

ADAMAS TRUST, INC.

ADAMI • CIK 0001273685

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest and Dividend Income, Operating	$258,660	$401,280	$601,948	$677,771
InterestExpenseOperating	—	$317,425	$452,647	$499,394
Interest Income (Expense), Net	$66,526	$83,855	$149,301	$178,377
Operating Income (Loss)	$-77,724	$-92,917	$137,802	$235,599
Income Tax Expense (Benefit)	$75	$1,036	$145	$-170
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$-77,799	$-93,953	$137,657	$235,769
Net Income (Loss) Attributable to Noncontrolling Interest	$-29,134	$-31,924	$-11,391	$33,641
Net Income (Loss) Attributable to Parent	$-48,665	$-62,029	$149,048	$202,128
Preferred Stock Dividends, Income Statement Impact	$41,837	$41,756	$47,942	$47,501
Net Income (Loss) Available to Common Stockholders, Basic	$-90,035	$-103,785	$101,106	$154,627
Weighted Average Number of Shares Outstanding, Basic	91,042,000	90,815,000	90,427,000	90,139,000
Weighted Average Number of Shares Outstanding, Diluted	91,042,000	90,815,000	91,510,000	92,490,000
Depreciation, Depletion and Amortization	$24,620	$39,822	$23,125	$20,411
Profit (Loss) from Real Estate Operations	$-31,302	$-42,841	$-12,417	$-12,059
Gain (Loss) on Sale of Other Investments	$-27,059	$-29,351	$-65,428	$-44,197
Unrealized Gain (Loss) on Investments	$97,196	$-90,530	$217,395	$3,510
Gain (Loss) on Derivative Instruments, Net, Pretax	$-26,378	$95,996	$-58,303	$152,069
Income (Loss) from Equity Method Investments	$17,785	$16,011	$-3,168	$-4,838
Impairment of Real Estate	$89,548	$48,875	$9,767	$4,340
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$16,163	$14,636	$0	$0
Other Operating Income (Expense), Net	$-39,431	$-42,236	$123,859	$227,276
General and Administrative Expense	$49,565	$48,672	$72,656	$98,558
Other Cost and Expense, Operating	$23,952	$30,688	$28,011	$26,016
Loan Processing Fee	—	—	$8,101	$16,973
Amortization of Debt Issuance Costs	—	$12,335	$14,173	$16,448
Operating Expenses	$73,517	$91,695	$122,941	$157,995

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	$31	$0	$6,904,781	$6,983,403
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value	—	—	$4,358,175	$4,781,435
Mortgages Held-for-sale, Fair Value Disclosure	—	—	$80,707	$59,002
Equity Method Investments	$147,116	$113,492	$24,711	$22,767
Cash and Cash Equivalents, at Carrying Value	$187,107	$167,422	$210,333	$212,307
Disposal Group, Including Discontinued Operation, Assets, Current	$426,017	$118,613	$1,256	$1,256
Goodwill	—	—	$22,396	$22,396
Other Assets	$315,357	$437,874	$427,516	$385,719
Assets	$7,401,328	$9,217,282	$12,638,847	$12,963,898
Assets Sold under Agreements to Repurchase, Carrying Amount	$2,471,113	$4,012,225	$6,753,417	$7,067,223
Secured Debt	$1,870,517	—	$3,511,802	$3,581,856
Unsecured Debt	$98,111	$159,196	$360,437	$347,537
Subordinated Debt	$45,000	$45,000	$45,000	$45,000
Notes Payable, Noncurrent	$784,421	$366,606	$332,131	$274,940
Disposal Group, Including Discontinued Operation, Liabilities, Current	$386,024	$97,065	$122	$122
Other Liabilities	$118,016	$147,612	$205,501	$175,343
Liabilities	$5,773,202	$7,806,148	$11,208,410	$11,491,899
Preferred Stock, Value, Issued	$535,445	$535,445	$540,472	$540,472
Common Stock, Value, Issued	$907	$906	$903	$899
Additional Paid in Capital	$2,297,081	$2,289,044	$2,294,194	$2,306,071
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-4	$0	$0	$0
Retained Earnings (Accumulated Deficit)	$-1,253,817	$-1,430,675	$-1,408,647	$-1,374,979
Stockholders' Equity Attributable to Parent	$1,579,612	$1,394,720	$1,426,922	$1,472,463
Stockholders' Equity Attributable to Noncontrolling Interest	$20,453	$4,055	$499	$-2,993
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$1,600,065	$1,398,775	$1,427,421	$1,469,470
Common Stock, Shares Authorized	200,000,000	200,000,000	200,000,000	200,000,000
Common Stock, Shares, Issued	90,675,403	90,574,996	90,303,863	89,879,786

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$-50,296	$-1,618	$13,354	$42,097
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$330,642	$329,024	$342,378	$433,371
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-77,799	$-93,953	$137,657	$235,769
Net Cash Provided by (Used in) Operating Activities	$29,953	$14,071	$134,040	$158,187
Payments to Acquire Businesses, Net of Cash Acquired	—	—	$16,733	$16,733
Proceeds from Sale of Debt Securities, Available-for-sale	$64,690	$5,284	$724,474	$354,486
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$56,459	$296,611	$696,455	$1,092,403
Payments to Acquire Debt Securities, Available-for-sale	$2,014,385	$2,210,935	$4,363,994	$3,345,705
Proceeds from Sale of Equity Method Investments	$8,460	$5,100	$29,250	$29,250
Proceeds from Equity Method Investment, Distribution, Return of Capital	$74,275	$25,061	$33,150	$17,820
Payments to Acquire Equity Method Investments	$52,400	$1,498	$413	$413
Proceeds from Divestiture of Interest in Joint Venture	—	$2,050	$500	$500
Payments for (Proceeds from) Derivative Instrument, Investing Activities	$-24,215	$-29,691	$-24,847	$-55,636
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	$221,968	$157,203	$201,358	$351,330
Payments to Acquire Property, Plant, and Equipment	$50,412	$24,647	$8,154	$8,154
Payments to Acquire Mortgage Servicing Rights (MSR)	—	$9,470	$0	$0
Payments to Acquire Other Investments	$63	$2,071	$845	$1,120
Net Cash Provided by (Used in) Investing Activities	$-1,219,931	$-2,244,435	$-2,897,123	$-2,110,454
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	$1,730,366	$1,535,749	$2,604,209	$2,023,584
Proceeds from Issuance of Unsecured Debt	$0	$60,000	$193,505	$197,930
Payments for Repurchase of Common Stock	$8,615	$3,493	$1,502	$5,005
Proceeds from Issuance of Preferred Stock and Preference Stock	$0	—	$5,027	$1,058
Payments for Repurchase of Preferred Stock and Preference Stock	$2,439	$0	$0	$0
Payments of Ordinary Dividends, Common Stock	$128,801	$74,945	$75,507	$81,077
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$41,894	$41,756	$46,460	$47,776
Proceeds from (Payments to) Noncontrolling Interests	$-8,377	$-11,893	$-2,557	$-27,711
Payments for Repurchase of Redeemable Noncontrolling Interest	$485	$626	$500	$500
Repayments of Secured Debt	$46,476	$61,130	$74,146	$78,503
Proceeds from (Repayments of) Notes Payable	$-148,948	$-54,296	$-128,544	$-179,874
Net Cash Provided by (Used in) Financing Activities	$1,139,682	$2,228,746	$2,776,437	$1,994,364
Interest Paid, Excluding Capitalized Interest, Operating Activities	$249,854	$344,725	$448,294	$494,875
Income Taxes Paid, Net	—	$-32	$218	$-47
Accretion (Amortization) of Discounts and Premiums, Investments	$-27,500	$-20,219	$-16,579	$-19,577
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense	$24,620	$39,822	$23,125	$20,411
Gain (Loss) on Sale of Other Investments	$-27,059	$-29,351	$-65,428	$-44,197
Unrealized Gain (Loss) on Investments	$97,196	$-90,530	$217,395	$3,510
Gain (Loss) on Derivative Instruments, Net, Pretax	$-26,378	$95,996	$-58,303	$152,069
Other Noncash Income (Expense)	—	—	$98	$42,084
Gain (Loss) on Sales of Loans, Net	—	—	$14,443	$33,506
Payments for Origination of Mortgage Loans Held-for-sale	—	—	$432,719	$678,850
Proceeds from Sale and Collection of Loans Held-for-sale	—	—	$450,175	$739,472
Impairment Losses Related to Real Estate Partnerships	$89,548	$48,875	$9,767	$4,340
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$16,163	$14,636	$0	$0
Proceeds from Equity Method Investment, Distribution	$26,076	$24,222	$25,441	$25,441
Share-based Payment Arrangement, Noncash Expense	$8,825	$6,068	$8,197	$7,750
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$16,747	$15,036	$-12,236	$12,150
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed	—	$275,200	$235,226	$0
Noncash or Part Noncash Acquisition, Other Assets Acquired	—	$285,057	$247,405	$0
Real Estate Owned, Transfer to Real Estate Owned	$42,485	$85,342	$49,032	$41,451
Transfer of Loans Held-for-sale to Portfolio Loans	—	—	$474,922	$1,035,631
Transfer Mortgage Payable	—	$24,073	$0	$0
Cash and Cash Equivalents, at Carrying Value	$187,107	$167,422	$210,333	$242,176
Restricted Cash and Cash Equivalents	$143,535	$161,602	$132,045	$191,195

Jive Data

Google Sheets add-onSheets Account

Import this data to Google Sheets with:

=jivedata("ADAMI","financials")

Full statements spill as a table. For one cell: =jivedata("ADAMI","Revenue") or =jivedata("ADAMI","Revenue","TTM"). Install the Jive Data add-on, then paste into a cell.

ADAMAS TRUST, INC.

ADAMI • CIK 0001273685

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Interest and Dividend Income, Operating	$258,660	$401,280	$601,948	$677,771
InterestExpenseOperating	—	$317,425	$452,647	$499,394
Interest Income (Expense), Net	$66,526	$83,855	$149,301	$178,377
Operating Income (Loss)	$-77,724	$-92,917	$137,802	$235,599
Income Tax Expense (Benefit)	$75	$1,036	$145	$-170
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$-77,799	$-93,953	$137,657	$235,769
Net Income (Loss) Attributable to Noncontrolling Interest	$-29,134	$-31,924	$-11,391	$33,641
Net Income (Loss) Attributable to Parent	$-48,665	$-62,029	$149,048	$202,128
Preferred Stock Dividends, Income Statement Impact	$41,837	$41,756	$47,942	$47,501
Net Income (Loss) Available to Common Stockholders, Basic	$-90,035	$-103,785	$101,106	$154,627
Weighted Average Number of Shares Outstanding, Basic	91,042,000	90,815,000	90,427,000	90,139,000
Weighted Average Number of Shares Outstanding, Diluted	91,042,000	90,815,000	91,510,000	92,490,000
Depreciation, Depletion and Amortization	$24,620	$39,822	$23,125	$20,411
Profit (Loss) from Real Estate Operations	$-31,302	$-42,841	$-12,417	$-12,059
Gain (Loss) on Sale of Other Investments	$-27,059	$-29,351	$-65,428	$-44,197
Unrealized Gain (Loss) on Investments	$97,196	$-90,530	$217,395	$3,510
Gain (Loss) on Derivative Instruments, Net, Pretax	$-26,378	$95,996	$-58,303	$152,069
Income (Loss) from Equity Method Investments	$17,785	$16,011	$-3,168	$-4,838
Impairment of Real Estate	$89,548	$48,875	$9,767	$4,340
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$16,163	$14,636	$0	$0
Other Operating Income (Expense), Net	$-39,431	$-42,236	$123,859	$227,276
General and Administrative Expense	$49,565	$48,672	$72,656	$98,558
Other Cost and Expense, Operating	$23,952	$30,688	$28,011	$26,016
Loan Processing Fee	—	—	$8,101	$16,973
Amortization of Debt Issuance Costs	—	$12,335	$14,173	$16,448
Operating Expenses	$73,517	$91,695	$122,941	$157,995

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
DebtSecuritiesAvailableForSaleExcludingAccruedInterest	$31	$0	$6,904,781	$6,983,403
Financial Instruments, Owned, Mortgages, Mortgage-backed and Asset-backed Securities, at Fair Value	—	—	$4,358,175	$4,781,435
Mortgages Held-for-sale, Fair Value Disclosure	—	—	$80,707	$59,002
Equity Method Investments	$147,116	$113,492	$24,711	$22,767
Cash and Cash Equivalents, at Carrying Value	$187,107	$167,422	$210,333	$212,307
Disposal Group, Including Discontinued Operation, Assets, Current	$426,017	$118,613	$1,256	$1,256
Goodwill	—	—	$22,396	$22,396
Other Assets	$315,357	$437,874	$427,516	$385,719
Assets	$7,401,328	$9,217,282	$12,638,847	$12,963,898
Assets Sold under Agreements to Repurchase, Carrying Amount	$2,471,113	$4,012,225	$6,753,417	$7,067,223
Secured Debt	$1,870,517	—	$3,511,802	$3,581,856
Unsecured Debt	$98,111	$159,196	$360,437	$347,537
Subordinated Debt	$45,000	$45,000	$45,000	$45,000
Notes Payable, Noncurrent	$784,421	$366,606	$332,131	$274,940
Disposal Group, Including Discontinued Operation, Liabilities, Current	$386,024	$97,065	$122	$122
Other Liabilities	$118,016	$147,612	$205,501	$175,343
Liabilities	$5,773,202	$7,806,148	$11,208,410	$11,491,899
Preferred Stock, Value, Issued	$535,445	$535,445	$540,472	$540,472
Common Stock, Value, Issued	$907	$906	$903	$899
Additional Paid in Capital	$2,297,081	$2,289,044	$2,294,194	$2,306,071
Accumulated Other Comprehensive Income (Loss), Net of Tax	$-4	$0	$0	$0
Retained Earnings (Accumulated Deficit)	$-1,253,817	$-1,430,675	$-1,408,647	$-1,374,979
Stockholders' Equity Attributable to Parent	$1,579,612	$1,394,720	$1,426,922	$1,472,463
Stockholders' Equity Attributable to Noncontrolling Interest	$20,453	$4,055	$499	$-2,993
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$1,600,065	$1,398,775	$1,427,421	$1,469,470
Common Stock, Shares Authorized	200,000,000	200,000,000	200,000,000	200,000,000
Common Stock, Shares, Issued	90,675,403	90,574,996	90,303,863	89,879,786

(in thousands, except per share data)	FY 2023	FY 2024	FY 2025	TTM
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	$-50,296	$-1,618	$13,354	$42,097
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$330,642	$329,024	$342,378	$433,371
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$-77,799	$-93,953	$137,657	$235,769
Net Cash Provided by (Used in) Operating Activities	$29,953	$14,071	$134,040	$158,187
Payments to Acquire Businesses, Net of Cash Acquired	—	—	$16,733	$16,733
Proceeds from Sale of Debt Securities, Available-for-sale	$64,690	$5,284	$724,474	$354,486
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale	$56,459	$296,611	$696,455	$1,092,403
Payments to Acquire Debt Securities, Available-for-sale	$2,014,385	$2,210,935	$4,363,994	$3,345,705
Proceeds from Sale of Equity Method Investments	$8,460	$5,100	$29,250	$29,250
Proceeds from Equity Method Investment, Distribution, Return of Capital	$74,275	$25,061	$33,150	$17,820
Payments to Acquire Equity Method Investments	$52,400	$1,498	$413	$413
Proceeds from Divestiture of Interest in Joint Venture	—	$2,050	$500	$500
Payments for (Proceeds from) Derivative Instrument, Investing Activities	$-24,215	$-29,691	$-24,847	$-55,636
Proceeds from Divestiture of Interest in Consolidated Subsidiaries	$221,968	$157,203	$201,358	$351,330
Payments to Acquire Property, Plant, and Equipment	$50,412	$24,647	$8,154	$8,154
Payments to Acquire Mortgage Servicing Rights (MSR)	—	$9,470	$0	$0
Payments to Acquire Other Investments	$63	$2,071	$845	$1,120
Net Cash Provided by (Used in) Investing Activities	$-1,219,931	$-2,244,435	$-2,897,123	$-2,110,454
Proceeds from (Payments for) in Securities Sold under Agreements to Repurchase	$1,730,366	$1,535,749	$2,604,209	$2,023,584
Proceeds from Issuance of Unsecured Debt	$0	$60,000	$193,505	$197,930
Payments for Repurchase of Common Stock	$8,615	$3,493	$1,502	$5,005
Proceeds from Issuance of Preferred Stock and Preference Stock	$0	—	$5,027	$1,058
Payments for Repurchase of Preferred Stock and Preference Stock	$2,439	$0	$0	$0
Payments of Ordinary Dividends, Common Stock	$128,801	$74,945	$75,507	$81,077
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	$41,894	$41,756	$46,460	$47,776
Proceeds from (Payments to) Noncontrolling Interests	$-8,377	$-11,893	$-2,557	$-27,711
Payments for Repurchase of Redeemable Noncontrolling Interest	$485	$626	$500	$500
Repayments of Secured Debt	$46,476	$61,130	$74,146	$78,503
Proceeds from (Repayments of) Notes Payable	$-148,948	$-54,296	$-128,544	$-179,874
Net Cash Provided by (Used in) Financing Activities	$1,139,682	$2,228,746	$2,776,437	$1,994,364
Interest Paid, Excluding Capitalized Interest, Operating Activities	$249,854	$344,725	$448,294	$494,875
Income Taxes Paid, Net	—	$-32	$218	$-47
Accretion (Amortization) of Discounts and Premiums, Investments	$-27,500	$-20,219	$-16,579	$-19,577
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense	$24,620	$39,822	$23,125	$20,411
Gain (Loss) on Sale of Other Investments	$-27,059	$-29,351	$-65,428	$-44,197
Unrealized Gain (Loss) on Investments	$97,196	$-90,530	$217,395	$3,510
Gain (Loss) on Derivative Instruments, Net, Pretax	$-26,378	$95,996	$-58,303	$152,069
Other Noncash Income (Expense)	—	—	$98	$42,084
Gain (Loss) on Sales of Loans, Net	—	—	$14,443	$33,506
Payments for Origination of Mortgage Loans Held-for-sale	—	—	$432,719	$678,850
Proceeds from Sale and Collection of Loans Held-for-sale	—	—	$450,175	$739,472
Impairment Losses Related to Real Estate Partnerships	$89,548	$48,875	$9,767	$4,340
Disposal Group, Not Discontinued Operation, Loss (Gain) on Write-down	$16,163	$14,636	$0	$0
Proceeds from Equity Method Investment, Distribution	$26,076	$24,222	$25,441	$25,441
Share-based Payment Arrangement, Noncash Expense	$8,825	$6,068	$8,197	$7,750
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$16,747	$15,036	$-12,236	$12,150
Noncash or Part Noncash Acquisition, Value of Liabilities Assumed	—	$275,200	$235,226	$0
Noncash or Part Noncash Acquisition, Other Assets Acquired	—	$285,057	$247,405	$0
Real Estate Owned, Transfer to Real Estate Owned	$42,485	$85,342	$49,032	$41,451
Transfer of Loans Held-for-sale to Portfolio Loans	—	—	$474,922	$1,035,631
Transfer Mortgage Payable	—	$24,073	$0	$0
Cash and Cash Equivalents, at Carrying Value	$187,107	$167,422	$210,333	$242,176
Restricted Cash and Cash Equivalents	$143,535	$161,602	$132,045	$191,195

ADAMAS TRUST, INC.

C O N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S

ADAMAS TRUST, INC.

C O N S O L I D A T E D S T A T E M E N T S O F O P E R A T I O N S

C O N S O L I D A T E D B A L A N C E S H E E T S

C O N S O L I D A T E D S T A T E M E N T S O F C A S H F L O W S