ADAMAS TRUST, INC.
Cash Flow Statement
| Line Item | Jun 2026 | Mar 2026 | Sep 2025 | Jun 2025 | Mar 2025 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $55.2M | $48.6M | $44.8M | $8.5M | $42.2M | $42.8M | $-15.6M | $-57.9M |
| Depreciation & Amortization | $4.5M | $4.6M | $5.9M | $5.9M | $5.9M | $8.1M | $12.2M | $12.6M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | $0 | $0 | $0 | $0 | $951.0K | $1.4M |
| Stock-Based Compensation | — | $175.0K | — | — | $861.0K | — | — | — |
| Net Cash from Operating Activities | $105.9M | $-16.7M | $6.9M | $39.2M | $25.8M | $-922.0K | $-993.0K | $-13.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | $7.6M | $7.6M | $6.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-67.0M | — | — | $-794.2M | — | — | $-254.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | $21.4M | — | — | $18.5M | — | — | $20.5M |
| Stock Repurchases | — | $5.0M | — | — | $0 | — | — | $0 |
| Net Cash from Financing Activities | — | $106.7M | — | — | $713.8M | — | — | $327.2M |
| Net Change in Cash | — | $23.0M | — | — | $-54.6M | — | — | $60.1M |
| Free Cash Flow | — | — | — | — | — | $-8.6M | $-8.6M | $-19.1M |