Adamas Trust, Inc.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $55.2M | $48.6M | $53.5M | $44.8M | $8.5M | $42.2M | $-31.4M | $42.8M |
| Depreciation & Amortization | $4.5M | $4.6M | $5.4M | $5.9M | $5.9M | $5.9M | $6.9M | $8.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $2.7M | $175.0K | $2.4M | $2.4M | $2.5M | $861.0K | — | — |
| Net Cash from Operating Activities | $105.9M | $-16.7M | $62.1M | $6.9M | $39.2M | $25.8M | $29.1M | $-922.0K |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $3.5M | $7.6M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-300.5M | $-67.0M | $-148.1M | $-1.59B | $-360.0M | $-794.2M | $-584.3M | $-834.1M |
| Financing Activities | ||||||||
| Dividends Paid | $20.8M | $21.4M | $20.8M | $18.1M | $18.2M | $18.5M | $18.1M | $18.1M |
| Stock Repurchases | $0 | $5.0M | $0 | $0 | $1.5M | $0 | $0 | $0 |
| Net Cash from Financing Activities | $138.5M | $106.7M | $130.6M | $1.62B | $313.5M | $713.8M | $552.2M | $798.8M |
| Net Change in Cash | $-56.2M | $23.0M | $44.7M | $30.6M | $-7.3M | $-54.6M | $-3.0M | $-36.2M |
| Free Cash Flow | — | — | — | — | — | — | $25.7M | $-8.6M |