ADAMAS TRUST, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $72.7M | $48.7M | $49.6M | $52.4M | $48.9M | $42.2M | $35.8M |
| Operating Income | — | $137.8M | $-92.9M | $-77.7M | $-340.1M | $190.9M | $-287.3M | $172.5M |
| Operating Margin | — | — | — | — | — | — | — | — |
| Interest Expense | — | — | — | $192.1M | $129.4M | $79.3M | $223.1M | $566.8M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | — | $145.0K | $1.0M | $75.0K | $542.0K | $2.5M | $981.0K | $-419.0K |
| Net Income | — | $149.0M | $-62.0M | $-48.7M | $-298.6M | $193.2M | $-288.5M | $173.7M |
| Net Margin | — | — | — | — | — | — | — | — |
| EPS (Basic) | — | $1.12 | $-1.14 | $-0.99 | $-3.61 | $1.52 | $-0.89 | $0.65 |
| EPS (Diluted) | — | $1.10 | $-1.14 | $-0.99 | $-3.61 | $1.51 | $-0.89 | $0.64 |
| Shares Outstanding (Basic) | 90.5M | 90.4M | 90.8M | 91.0M | 94.3M | 94.8M | 371.0M | 221.4M |
| Shares Outstanding (Diluted) | 90.5M | 91.5M | 90.8M | 91.0M | 94.3M | 95.2M | 371.0M | 242.6M |
| Dividends Per Share | — | — | — | — | — | — | — | — |