ADAM at a glance
ADAMAS TRUST, INC. (ADAM, SEC CIK 1273685) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 10, 2026 and Form 4 insider filings as recently as June 23, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), ADAMAS TRUST, INC. (ADAM) reported revenue of $601.9 million (up 50.0% from FY2024) and net income of $149.0 million. Diluted EPS was $1.10.
- As of June 30, 2026, 28 institutional investment managers tracked by SignalX reported holding ADAMAS TRUST, INC. (ADAM) shares worth $294.5 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $601.9M
- +50.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 28 funds
- $294.5M · +0 vs prior quarter
- Latest 8-K
- Sep 10, 2026
- Item 8.01
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Net income $43.4M, or $0.48 per share; EAD $0.30 per share, up 36% YoY
- GAAP book value per share $10.16, up 1.8%; adjusted book value $11.05, up 2.3%
- Portfolio approximately $11.7B, including $798.3M Agency investments and $632.3M business purpose loans
- Constructive funded $406.1M of business purpose loans during the quarter
- Cash $181.8M; securitization proceeds approximately $518.0M; recourse leverage 5.5x
Risk Factors
- Risk-factor text not provided; excerpt begins with Annual Report reference and proceeds to Item 2
- No newly added risk factor or triggering event identifiable in supplied text
- Regulatory exposure limited to securities-law and Nasdaq compliance governing repurchases
- Capital-allocation risk: $183.2 million common-stock repurchase authorization remained unused at June 30, 2026
- Debt-cost risk: 9.250% senior notes due 2031 issued January 13, 2026
AI summary of the ADAM 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 8.01: Other Events
- Quarterly cash dividends declared for Series D, E, F and G preferred stock
- Covered dividend period July 15–October 14, 2026
Item 8.01: Other Events
- $90 million senior notes issued August 14, 2026, supporting liquidity for acquisitions or debt repayment
- 9.600% coupon creates approximately $8.64 million annual cash interest before any over-allotment
Item 8.01: Other Events
- $90 million senior-note offering at 9.600% interest, creating substantial fixed financing costs
- Notes mature in 2031, adding long-term debt obligations and refinancing risk
AI summaries of ADAM 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for ADAM
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Cheng Gena | A | Jun 19, 2026 | 14,238 | - |
| Norcutt Steven G | A | Jun 19, 2026 | 14,238 | - |
| Mumma Steven R | A | Jun 19, 2026 | 14,238 | - |
| Pendergast Lisa A | A | Jun 19, 2026 | 14,238 | - |
| Greenberg Audrey | A | Jun 19, 2026 | 14,238 | - |
| Clement Michael B. | A | Jun 19, 2026 | 14,238 | - |
| Clement Michael B. | M | Jun 10, 2026 | 18,678 | - |
| Clement Michael B. | M | Jun 10, 2026 | 18,678 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $401.3M | $601.9M |
| Operating Income | - | -$92.9M | $137.8M |
| Net Income | -$48.7M | -$62.0M | $149.0M |
| Op. Margin | - | -23.2% | 22.9% |
| Net Margin | - | -15.5% | 24.8% |
| Balance Sheet | |||
| Total Assets | $7.4B | $9.2B | $12.6B |
| Equity | - | $1.4B | $1.4B |
| ROE | - | -4.4% | 10.4% |
| Per Share | |||
| EPS | $-0.99 | $-1.14 | $1.10 |
| Cash Flow | |||
| Operating CF | - | $14.1M | $134.0M |
| CapEx | $50.4M | $24.6M | $8.2M |
Source: XBRL data in ADAMAS TRUST, INC. (ADAM)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate ADAM share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 28 | $294.5M |
| Q1 2026 | 28 | $225.2M |
| Q4 2025 | 27 | $235.6M |
| Q3 2025 | 26 | $227.1M |
| Q2 2025 | 27 | $220.9M |
| Q1 2025 | 22 | $116.4M |
| Q4 2024 | 17 | $100.8M |
| Q3 2024 | 15 | $56.7M |
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- Citadel Advisors LLC+110.3K
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- Renaissance Technologies LLC−64.8K
- M&T Bank−10.2K
Source: 13F-HR filings on SEC EDGAR (aggregated from 190 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
ADAM filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Sep 10, 2026 | - | Analysis | - |
| 8-K | Aug 14, 2026 | - | Analysis | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 8-K | Aug 11, 2026 | - | Analysis | - |
| 10-Q | Jul 31, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 4 | Jun 23, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 10-Q | May 1, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 29, 2026 | - | Analysis | - |
| 8-K | Mar 19, 2026 | - | Analysis | - |
| 10-K | Feb 20, 2026 | Dec 31, 2025 | - | |
| 8-K | Feb 18, 2026 | - | - | |
| 4 | Jan 28, 2026 | - | - | |
| 4 | Jan 28, 2026 | - | - | |
| 4 | Jan 28, 2026 | - | - | |
| 4 | Jan 26, 2026 | - | - | |
| 4 | Jan 26, 2026 | - | - |
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ADAM SEC filings: frequently asked questions
Which institutions hold ADAM stock?
As of June 30, 2026, the largest ADAMAS TRUST, INC. (ADAM) holders among the 13F filers tracked by SignalX were BlackRock ($127.9 million), Vanguard Capital Management LLC ($34.2 million), State Street Corp ($33.4 million), Invesco Ltd ($29.7 million), Vanguard Portfolio Management LLC ($16.3 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was ADAM's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), ADAMAS TRUST, INC. (ADAM) reported revenue of $601.9 million (up 50.0% from FY2024) and net income of $149.0 million. Diluted EPS was $1.10. The figures come from the XBRL data in the 10-K.
What did ADAM report in its latest 8-K?
ADAMAS TRUST, INC. (ADAM) filed an 8-K on September 10, 2026 reporting Item 8.01 (Other Events). Quarterly cash dividends declared for Series D, E, F and G preferred stock.
What are the latest ADAM SEC filings?
ADAMAS TRUST, INC. (ADAM) filed its latest 10-K annual report on February 20, 2026, a 10-Q quarterly report on July 31, 2026, an 8-K current report on September 10, 2026 and a Form 4 insider filing on June 23, 2026.
What is ADAM's SEC CIK number?
ADAMAS TRUST, INC. (ADAM)'s SEC Central Index Key (CIK) is 1273685. EDGAR lists every ADAM filing under that number.
Ask anything about ADAM
The research agent reads ADAM's filings, financials, insider trades and 13F holders, then answers with sources.