Short answer
ADAMAS TRUST, INC. (ADAM) filed its Q2 2026 10-Q quarterly report on Jul 31, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $174M (up 23.8% year over year) with net income of $55M.
Q2 2026 key financials · XBRL
- Revenue
- $174M
- +23.8% YoY · +1.4% QoQ
- Net income
- $55M
- +545.7% YoY · +13.5% QoQ
- Operating margin
- 30.4%
- EPS (diluted)
- $0.47
- +1275.0% YoY · +17.5% QoQ
Source: XBRL data from the ADAMAS TRUST, INC. (ADAM) Q2 2026 10-Q on SEC EDGAR. USD.
ADAMAS TRUST, INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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