Adamas Trust, Inc. (ADAM)

From the record

Adamas Trust, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Adamas Trust, Inc.'s 10 filed years say what it did: revenue went from $319 million in fiscal 2016 to $602 million in fiscal 2025, up 7.3% a year; it rose in 7 of 9 years; the deepest fall was 70% from fiscal 2019 to fiscal 2021; net income was positive in 6 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Adamas Trust, Inc.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Adamas Trust, Inc. earned about 10 cents of profit for every dollar of shareholders' money. Leverage: it owed about 89 cents per dollar of assets, and net share issuance: its share count grew 0.8% over the year (the filed statements).

From the record

Adamas Trust, Inc.'s standing among 157 graded names in its industry family: revenue of $602 million in fiscal 2025 ranks in the bottom 49% by size; a net margin of 22.9% ranks in the top 37%; revenue growth of 32.6% a year over the last 3 filed years ranks in the top 4% (its annual reports).

From the record

Adamas Trust, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Serrano, Jason T (Chief Executive Officer, as filed), filing under that title since 2022-01-04, 4.9 years (bottom 36% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 8.6 years (top 44%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 9 people in charge now (top 11%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Adamas Trust, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $210 million against debt of $736 million leaves -4.2% of its assets as net cash, top 39% of its family; cash from operations less capital spending is 20.9% of revenue (bottom 35%) (its annual report).

From the record

Adamas Trust, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 32.6% a year over the last three filed years against 7.3% over all 10, speeding up (top 1% of its family); the newest year grew 50% (top 3%); capital spending grew -66.1% a year (bottom 1%) (its annual reports). Adamas Trust, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

From the record

Adamas Trust, Inc.'s newest year against its own record: revenue of $602 million in fiscal 2025 came in 20.4% above the $500 million its prior three years' pace pointed to (top 3% of its family); net income of $138 million against a prior three-year average of $171 million (top 16%); a net margin of 22.9% against -61.8% before (top 3%) (its annual reports).