For the year ending 2025-12-31, ADAM has $12,638,847K in assets. $11,208,410K in debts. $210,333K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | |||
|---|---|---|---|---|
| Investment securities available for sale, at fair value | 6,904,781 | |||
| Residential loans, at fair value | 4,358,175 | |||
| Residential loans held for sale, at fair value | 80,707 | |||
| Multi-family loans, at fair value | 55,476 | |||
| Equity investments, at fair value | 24,711 | |||
| Cash and cash equivalents | 210,333 | |||
| Real estate, net | 553,496 | |||
| Assets of disposal group held for sale | 1,256 | |||
| Goodwill | 22,396 | |||
| Restricted cash | 132,045 | |||
| Accrued interest receivable | 76,152 | |||
| Collections receivable from residential loan servicers | 44,926 | |||
| Real estate owned | 40,207 | |||
| Other receivables | 22,338 | |||
| Mortgage servicing rights | 20,893 | |||
| Intangible assets | 17,318 | |||
| Receivables from derivative counterparties | 16,203 | |||
| Recoverable advances on residential loans | 15,404 | |||
| Other assets in consolidated multi-family properties | 14,521 | |||
| Deferred tax assets | 14,441 | |||
| Operating lease right-of-use assets | 5,175 | |||
| Derivative assets | 722 | |||
| Other | 7,171 | |||
| Other assets | 427,516 | |||
| Total assets | 12,638,847 | |||
| Repurchase agreements and warehouse facilities | 6,753,417 | |||
| Collateralized debt obligations (3,148,157 at fair value and 363,645 at amortized cost, net as of december31, 2025 and 2,135,680 at fair value and 842,764 at amortized cost, net as of december31, 2024) | 3,511,802 | |||
| Senior unsecured notes (260,852 at fair value and 99,585 at amortized cost, net as of december31, 2025 and 60,310 at fair value and 98,886 at amortized cost, net as of december31, 2024) | 360,437 | |||
| Subordinated debentures | 45,000 | |||
| Mortgages payable on real estate, net | 332,131 | |||
| Liabilities of disposal group held for sale | 122 | |||
| Accrued interest payable | 59,114 | |||
| Dividends and dividend equivalents payable | 35,332 | |||
| Margin payable to derivative counterparties | 24,271 | |||
| Accrued expenses | 23,554 | |||
| Advanced remittances from residential loan servicers | 13,228 | |||
| Deferred tax liabilities | 12,761 | |||
| Accrued expenses and other liabilities in consolidated multi-family properties | 9,533 | |||
| Deferred revenue | 7,316 | |||
| Unfunded commitments for residential and multi-family investments | 6,750 | |||
| Operating lease liabilities | 5,549 | |||
| Holdback for representations and warranties | 2,500 | |||
| Other | 5,593 | |||
| Other liabilities | 205,501 | |||
| Total liabilities | 11,208,410 | |||
| Redeemable non-controlling interest in consolidated variable interest entities | 3,016 | |||
| Preferred stock, par value 0.01 per share, 31,500,000 shares authorized, 22,385,674 and 22,164,414 shares issued and outstanding as of december31, 2025 and december31, 2024, respectively (559,642 and 554,110 aggregate liquidation preference as of december31, 2025 and december31, 2024, respectively) | 540,472 | |||
| Common stock, par value 0.01 per share, 200,000,000 shares authorized, 90,303,863 and 90,574,996 shares issued and outstanding as of december31, 2025 and december31, 2024, respectively | 903 | |||
| Additional paid-in capital | 2,294,194 | |||
| Accumulated other comprehensive loss | 0 | |||
| Accumulated deficit | -1,408,647 | |||
| Company's stockholders' equity | 1,426,922 | |||
| Non-controlling interests | 499 | |||
| Total equity | 1,427,421 | |||
| Total liabilities and equity | 12,638,847 | |||
ADAMAS TRUST, INC. (ADAM)
ADAMAS TRUST, INC. (ADAM)