<span item_type="fundamental" item_id="0a13488fc77f70ebf4d84441d4579b15" counter_id="ST/US/ADAML" env="prod"></span><span item_type="announcement" item_id="579190093607017089" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 228.34 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.36.</p><p>EBIT: As of FY2025 Q3, the actual value is USD 2.901 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Investment Portfolio Segment</strong>: The investment portfolio segment generated interest income of $431.3 million for the nine months ended September 30, 2025, compared to $283.0 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: The company reported a net income of $81.3 million for the nine months ended September 30, 2025, compared to a net loss of $63.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li><li><strong>Operating Expenses</strong>: General, administrative, and operating expenses increased to $86.8 million for the nine months ended September 30, 2025, from $70.8 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash provided by operating activities was $72.0 million for the nine months ended September 30, 2025, compared to net cash used in operating activities of $15.0 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li><li><strong>Free Cash Flow</strong>: The company reported a net decrease in cash, cash equivalents, and restricted cash of $31.3 million for the nine months ended September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Residential Loans</strong>: The carrying value of residential loans at fair value was $4,151.6 million as of September 30, 2025, compared to $3,841.7 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue strategically deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders through disciplined portfolio management and an operating platform designed to capture opportunities across real estate and capital markets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li><li><strong>Non-Core Business</strong>: The company has repositioned its business through the opportunistic disposition of its joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to its targeted assets.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000088/adam-20250930.htm"></span></li></ul>

ADAMAS TRUST INC. SER F FIX FLTNG PFD SHS | 10-Q: FY2025 Q3 Revenue: USD 228.34 M