Stocks · Real Estate · REIT - Mortgage
Adamas Trust, Inc. ADAM
$7.72 -1.15% Close, Oct 5, 2026 · NASDAQ · Market cap $701.8M
Strong growthInexpensive vs sectorHigh risk
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Diluted EPS over the last four quarters was $1.68, up 425.0% year over year.
- Operating margin widened to 38.0% from 21.2% a year earlier.
- Revenue over the last four quarters was $956.7M, up 57.3% from a year earlier, accelerating from 52.4% a quarter earlier.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 11%
- EPS growth (TTM, YoY)Top 4%
- FCF growth (TTM, YoY)Top 12%
- Revenue growth, 3-year CAGRTop 2%
- Revenue growth accelerationTop 14%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 40%
- Gross marginTop 40%
- Operating marginTop 31%
- Cash conversion (OCF / net income)Bottom 22%
- Accruals (lower is better)Bottom 17%
- Net debt / EBITDA (lower is better)Bottom 11%
- Interest coverBottom 27%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 4%
- Free-cash-flow yieldTop 9%
- EBITDA / enterprise valueBottom 20%
- Sales / enterprise valueBottom 26%
- P/E vs own 5-year history (lower is better)Top 9%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 7%
- 6-month returnTop 30%
- 1-year return vs S&P 500Top 19%
- Distance from 52-week highBottom 38%
- Trend checklist (0–4)Top 39%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsTop 12%
- Share of analysts rating BuyTop 45%
- Upside to consensus price targetTop 48%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 39%
- Maximum drawdown, 3 yearsBottom 36%
- Beta vs S&P 500 (lower is better)Bottom 20%
- Net debt / EBITDA (lower is better)Bottom 11%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 52.4% | 57.3% | ↑ |
| Gross margin | 45.2% | 57.3% | ↑ |
| Operating margin | 21.2% | 38.0% | ↑ |
| FCF margin | 14.8% | 16.3% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 57.3% | 52.4% | ↑ | Top 11% |
| EPS growth (TTM, YoY) | 425.0% | — | Top 4% | |
| Gross margin | 57.3% | 45.2% | ↑ | Top 40% |
| Operating margin | 38.0% | 21.2% | ↑ | Top 31% |
| Net margin | 21.1% | 10.2% | ↑ | — |
| Free-cash-flow margin | 16.3% | 14.8% | ↑ | — |
| Return on invested capital | 5.0% | — | Top 40% | |
| Revenue growth, 3-year CAGR | 80.0% | — | Top 2% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.78×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 0.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +3101.8 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 28.01×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.7×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 10.17%
- Net buyback yield (TTM)
- 0.71%
- Shareholder yield
- 10.88%
- Share count change, 1 year
- +2.2%
- Share count change, 3-year CAGR
- +0.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.6%
- Positive 20 days after report
- 7 of 8
Analysts
- Consensus price target
- $9.50
- Target vs current price
- +23.1%
- Analysts with a rating
- 4
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +96.8% | -0.7% | +9.2% | +13.0% | — |
| Apr 29, 2026 | +238.1% | -4.7% | +5.9% | +12.8% | +6.4% |
| Feb 18, 2026 | +87.5% | -0.9% | -1.1% | -1.6% | +10.2% |
| Oct 29, 2025 | +40.5% | +0.7% | -0.7% | +10.2% | +20.0% |
| Jul 30, 2025 | -119.8% | -1.2% | -2.1% | +5.0% | +2.5% |
| Apr 30, 2025 | +260.3% | +0.0% | +9.7% | +12.3% | +19.4% |
| Feb 19, 2025 | -922.2% | -1.2% | +13.0% | +12.5% | +15.3% |
| Oct 30, 2024 | +2789.2% | +2.9% | +5.0% | +10.5% | +10.1% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.47 | $0.24 | +96.8% | $12.0M |
| Apr 29, 2026 | $0.40 | $0.12 | +238.1% | $12.6M |
| Feb 18, 2026 | $0.45 | $0.24 | +87.5% | $14.1M |
| Oct 29, 2025 | $0.36 | $0.26 | +40.5% | $16.6M |
| Jul 30, 2025 | -$0.04 | $0.20 | -119.8% | $17.8M |
| Apr 30, 2025 | $0.33 | $0.09 | +260.3% | $17.5M |
| Feb 19, 2025 | -$0.46 | $0.06 | -922.2% | $22.1M |
| Oct 30, 2024 | $0.36 | $0.01 | +2789.2% | $26.4M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 4.6× | 7.8× | 0th | Top 4% |
| P/E (forward) | 5.9× | — | — | — |
| EV / EBITDA | 29.8× | — | — | Bottom 20% |
| EV / Sales | 12.34× | — | — | Bottom 26% |
| Free-cash-flow yield | 22.28% | — | — | Top 9% |
| Earnings yield | 21.76% | — | — | Top 4% |
P/E over the past five years
Range 5.4× – 21.8× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +11.6%
- Earnings per share growth (TTM)
- +425.0%
- Change in P/E multiple
- -74.2%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -2.1%
- 200-day average slope (20 days)
- +1.5%
- Distance from 50-day average
- -16.4%
- Distance from 200-day average
- -9.6%
- RSI (14)
- 14.2
- Relative volume
- 0.98×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 25.8%
- Volatility vs own 5-year history
- 10th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.86
- Correlation with S&P 500
- 0.37
- Current drawdown from 1-year high
- -24.5%
- Maximum drawdown, 3 years
- -45.4%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jun 9, 2021 | Oct 23, 2024 | -72.9% | 849 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $701.8M
- P/E (TTM)
- 4.6
- EPS, diluted (TTM)
- $1.68
- Revenue (TTM)
- $956.7M
- Dividend yield
- 13.34%
- 52-week range
- $6.45 – $10.36
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $380.2M | $138.1M | $500.8M | $558.9M | $805.5M |
| Gross profit | $300.9M | $8.7M | $308.7M | $238.3M | $352.9M |
| Operating income | $190.9M | -$340.1M | -$77.7M | -$92.9M | $137.8M |
| Net income | $193.2M | -$298.6M | -$48.7M | -$62.0M | $149.0M |
| EPS (diluted) | $1.51 | -$3.60 | -$0.99 | -$1.14 | $1.10 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $134.6M | $129.6M | $187.2M | $156.8M | $226.5M | $235.6M | $266.8M | $227.7M |
| Net income | $42.8M | -$31.4M | $42.2M | $8.5M | $44.8M | $53.5M | $48.6M | $55.2M |
| EPS (diluted) | $0.36 | -$0.46 | $0.33 | $0.09 | $0.36 | $0.45 | $0.40 | $0.47 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $138.9M | $91.8M | $30.0M | $14.1M | $134.0M |
| Capital expenditure | $0 | $0 | $0 | -$9.5M | -$8.2M |
| Free cash flow | $138.9M | $91.8M | $30.0M | $4.6M | $125.9M |
| Dividends paid | -$151.6M | -$151.8M | -$128.8M | -$74.9M | $0 |
| Net share buybacks | $0 | -$44.4M | -$8.6M | -$3.5M | $3.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $212.3M
- Total assets
- $12.96B
- Total liabilities
- $11.49B
- Total debt
- $11.32B
- Net debt
- $11.10B
- Shareholders’ equity
- $1.47B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 22, 2026 | $0.30 | Oct 28, 2026 |
| Jun 23, 2026 | $0.27 | Jul 28, 2026 |
| Mar 30, 2026 | $0.23 | Apr 28, 2026 |
| Dec 22, 2025 | $0.23 | Jan 28, 2026 |
| Sep 25, 2025 | $0.23 | Oct 30, 2025 |
| Jun 23, 2025 | $0.20 | Jul 30, 2025 |
| Mar 31, 2025 | $0.20 | Apr 28, 2025 |
| Dec 20, 2024 | $0.20 | Jan 23, 2025 |
Short interest
- Shares sold short
- 3,176,986
- Days to cover
- 4.16
- Change vs previous report
- +1.8%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Mar 9, 2023
- 1-for-4