For the quarter ending 2026-03-31, ADAMH had $23,016K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 86,566 | 56,366 | 81,291 |
| Net amortization | -5,377 | -3,214 | -13,365 |
| Depreciation expense related to operating real estate | 4,623 | 5,366 | 17,759 |
| Realized losses, net | -10,680 | -14,947 | -50,481 |
| Unrealized losses (gains), net | -62,568 | 19,725 | 197,670 |
| (gains) losses on derivative instruments, net | 87,814 | 28,471 | -86,774 |
| Other (gains) losses, net | 45,422 | 8,477 | -8,379 |
| Gains on residential loans held for sale, net | 9,216 | 5,851 | 8,592 |
| Originations of residential loans held for sale | 161,175 | 197,206 | 235,513 |
| Repurchases of residential loans | 2,929 | 4,738 | - |
| Proceeds from sales and repayments of residential loans held for sale | 132,493 | 232,405 | 217,770 |
| Impairment of real estate | 2,231 | 330 | 9,437 |
| Loss on reclassification of disposal group | - | 0 | 0 |
| Income from preferred equity, mezzanine loan and equity investments | - | -2,009 | 7,435 |
| Income from multi-family loans and equity investments | 2,353 | - | - |
| Distributions of income from preferred equity, mezzanine loan and equity investments | - | 16 | 25,425 |
| Distributions of income from multi-family loans and equity investments | -1,589 | - | - |
| Stock based compensation expense, net | 175 | 2,430 | 5,767 |
| Cash reclassified from assets of disposal group held for sale | - | -339 | -1,612 |
| Changes in operating assets and liabilities | 14,107 | -9,127 | -3,109 |
| Net cash (used in) provided by operating activities | -16,714 | 62,081 | 71,959 |
| Acquisition of businesses, net of cash and restricted cash acquired | - | 0 | 16,733 |
| Proceeds from sales of investment securities | 0 | 61,138 | 663,336 |
| Principal paydowns received on investment securities | 300,126 | 303,672 | 392,783 |
| Purchases of investment securities | 422,527 | 412,150 | 3,951,844 |
| Principal repayments received on residential loans-Residential Mortgage Loans | - | 325,982 | 1,102,826 |
| Proceeds from sales of residential loans-Residential Mortgage Loans | - | 4,734 | 165,116 |
| Principal repayments received on residential loans | 292,282 | - | - |
| Purchases and originations of residential loans-Residential Mortgage Loans | - | 539,111 | 1,194,262 |
| Proceeds from sales of residential loans | 10,301 | - | - |
| Principal repayments received on preferred equity and mezzanine loan investments | - | 15,250 | 14,000 |
| Purchases and originations of residential loans | 483,242 | - | - |
| Return of capital from equity investments | 1,570 | 0 | 33,150 |
| Funding of preferred equity, mezzanine loan and equity investments | - | 0 | 413 |
| Cash received from initial consolidation of vies | - | 0 | - |
| Proceeds from sales of joint venture equity investments in vies | - | 0 | 500 |
| Decrease in cash from de-consolidation of consolidated vies | - | 0 | 0 |
| Funding of multi-family loan and equity investments | 0 | - | - |
| Net variation margin (paid) received for derivative instruments | - | 70,124 | - |
| Net variation margin received (paid) for derivative instruments | -163,777 | - | 104,379 |
| Net payments received from derivative instruments | -31,620 | -542 | -24,305 |
| Net proceeds from sale of real estate | 144,520 | 59,059 | 142,299 |
| Purchases of and capital expenditures on real estate | - | 8,154 | - |
| Purchases of investments held in consolidated slst | - | 0 | 12,179 |
| Purchases of mortgage servicing rights | - | 0 | - |
| Capital expenditures on real estate | -5,918 | - | 6,887 |
| Purchases of other assets | 71 | 171 | 674 |
| Net cash used in investing activities | -66,992 | -148,067 | -2,749,056 |
| Net proceeds received from repurchase agreements and warehouse facilities | 265,471 | 272,254 | 2,331,955 |
| Proceeds from issuance of senior unsecured notes, net | 86,565 | 0 | 193,505 |
| Repayment of senior unsecured notes | 100,000 | - | - |
| Proceeds from issuance of collateralized debt obligations, net | 308,455 | 0 | 947,788 |
| Repurchases of common stock | 5,005 | 0 | 1,502 |
| Proceeds from preferred stock issuance, net | - | 0 | 5,027 |
| Repurchases of preferred stock | - | 0 | - |
| Dividends paid on common stock and dividend equivalents | 21,414 | 20,793 | 54,714 |
| Dividends paid on preferred stock | 11,903 | 12,137 | 34,323 |
| Net distributions to non-controlling interests in consolidated vies | -21,206 | -266 | -2,291 |
| Redemptions of redeemable non-controlling interest in consolidated vie | - | 500 | - |
| Payments made on and extinguishment of collateralized debt obligations | 319,043 | 58,805 | 586,071 |
| Payments made on consolidated slst cdos | 18,336 | 18,289 | 55,857 |
| Net payments made on mortgages payable on real estate | -56,862 | -30,815 | -97,729 |
| Net cash provided by financing activities | 106,722 | 130,649 | 2,645,788 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 23,016 | 44,663 | -31,309 |
| Cash, cash equivalents and restricted cash - beginning of period | 297,715 | - | 329,024 |
| Cash, cash equivalents and restricted cash - end of period | 365,394 | - | 297,715 |
ADAMAS TRUST, INC. (ADAMH)
ADAMAS TRUST, INC. (ADAMH)