ADAMAS TRUST, INC. (ADAM) Form 10-Q — Oct 30, 2026
Adamas Trust reported a Q3 2026 net loss of $162.1 million, or $1.89 per diluted share, a sharp reversal from net income of $39.8 million ($0.36 per share) in Q3 2025. The loss was driven primarily by $542.9 million of unrealized losses on residential loan portfolios and other holdings, partially offset by $435.6 million of gains on derivative instruments. The balance sheet showed total assets of $13.5 billion against total liabilities of $12.25 billion, leaving company stockholders' equity down to $1.28 billion from $1.43 billion at year-end 2025. Nine-month results were a net loss of $22.5 million versus net income of $81.3 million a year earlier.
Key figures
- Total Debt
- 758776000
- Total Assets
- 13524175000
- Cash Position
- 262360000
- Shares Outstanding
- 90304746
- Q3 2025 eps
- 0.36
- Atm avg price
- 10.18
- Foreclosure upb
- 104400000
- Buyback avg price
- 8.17
- Total liabilities
- 12251195000
- Q3 2025 net income
- 39785000
- Stockholders equity
- 1276151000
- Atm proceeds q3 2026
- 4300000
- Atm remaining capacity
- 245600000
- Unencumbered securities
- 347207000
- Common buybacks nine months
- 5005000
- Q3 securitization net proceeds
- 338900000
- Preferred liquidation preference
- 559642000
- Common dividend per share q3 2026
- 0.3
- Loans 90plus days delinquent fair value
- 113164000
AI analysis
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