ADAMAS TRUST, INC.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $210.3M | $167.4M | $187.1M | $244.7M | $289.6M | $293.2M | $118.8M | $103.7M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | $22.4M | $0 | — | — | — | $0 | $25.2M | $25.2M |
| Intangible Assets (Excl. Goodwill) | $17.3M | $252.0K | — | — | — | — | — | — |
| Total Assets | $12.64B | $9.22B | $7.40B | $6.24B | $5.66B | $4.66B | $23.48B | $14.74B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $735.8M | $573.2M | $934.1M | $542.5M | $1.00B | $220.0M | $223.6M | $214.3M |
| Total Liabilities | $11.21B | $7.81B | $5.77B | $4.38B | $3.23B | $2.35B | $21.28B | $13.56B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.41B | $-1.43B | $-1.25B | $-1.05B | $-559.3M | $-551.3M | $-148.9M | $-103.2M |
| Total Stockholders' Equity | $1.43B | $1.39B | $1.58B | $1.77B | $2.34B | $2.30B | $2.21B | $1.18B |