Short answer
ADAMAS TRUST, INC. (ADAM) filed its Q1 2026 10-Q quarterly report on May 1, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $172M (up 32.6% year over year) with net income of $49M.
Q1 2026 key financials · XBRL
- Revenue
- $172M
- +32.6% YoY
- Net income
- $49M
- +15.3% YoY
- Operating margin
- 50.4%
- EPS (diluted)
- $0.40
- +21.2% YoY
Source: XBRL data from the ADAMAS TRUST, INC. (ADAM) Q1 2026 10-Q on SEC EDGAR. USD.
ADAMAS TRUST, INC. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $36.9M, or $0.41 per share; EAD $0.29 per share, up 45% YoY
- Portfolio $10.9B, including $510.1M Agency RMBS and $487.2M business purpose loans
- Constructive funded $400.8M business purpose loans, largest disclosed investment activity
- Cash $199.0M; $90.0M senior notes issued, $100.0M notes redeemed
- Derivatives gains $87.8M offset unrealized losses; market volatility and wider spreads remained headwinds
Risk Factors
- Common-stock repurchase program extended to March 31, 2027 on February 16, 2026
- $5.0 million spent repurchasing 612,464 common shares during the quarter
- $183.2 million remained available under the common-stock repurchase authorization at March 31, 2026
- New 9.250% senior notes due 2031 issued January 13, 2026
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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