ADAMAS TRUST, INC.
Balance Sheet
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $212.3M | $208.9M | $210.3M | $185.3M | $160.4M | $177.1M | $167.4M | $195.1M |
| Accounts Receivable | — | — | — | — | — | — | — | — |
| Inventory | — | — | — | — | — | — | — | — |
| Total Current Assets | — | — | — | — | — | — | — | — |
| Property, Plant & Equipment | — | — | — | — | — | — | — | — |
| Goodwill | $22.4M | $22.4M | $22.4M | $22.4M | — | — | $0 | — |
| Intangible Assets (Excl. Goodwill) | $16.3M | $16.8M | $17.3M | $17.9M | — | — | $252.0K | — |
| Total Assets | $12.96B | $12.79B | $12.64B | $12.40B | $10.55B | $10.00B | $9.22B | $8.91B |
| Liabilities | ||||||||
| Accounts Payable | — | — | — | — | — | — | — | — |
| Total Current Liabilities | — | — | — | — | — | — | — | — |
| Long-Term Debt | $668.3M | $669.5M | $735.8M | $766.6M | $653.0M | $654.4M | $573.2M | $699.4M |
| Total Liabilities | $11.49B | $11.33B | $11.21B | $11.00B | $9.16B | $8.59B | $7.81B | $7.43B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $-1.37B | $-1.39B | $-1.41B | $-1.43B | $-1.44B | $-1.42B | $-1.43B | $-1.37B |
| Total Stockholders' Equity | $1.47B | $1.46B | $1.43B | $1.39B | $1.38B | $1.40B | $1.39B | $1.44B |