---
title: "Adamas Trust Pref Share ADAMZ 7 Perp 01/15/27 | 10-Q: FY2025 Q3 Revenue: USD 195.32 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/264297311.md"
datetime: "2025-11-04T22:20:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/264297311.md)
  - [en](https://longbridge.com/en/news/264297311.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/264297311.md)
---

# Adamas Trust Pref Share ADAMZ 7 Perp 01/15/27 | 10-Q: FY2025 Q3 Revenue: USD 195.32 M

Revenue: As of FY2025 Q3, the actual value is USD 195.32 M.

EPS: As of FY2025 Q3, the actual value is USD 0.36.

EBIT: As of FY2025 Q3, the actual value is USD -30.12 M.

### Segment Revenue

-   **Investment Portfolio Segment**: Revenue from interest income was $431.3 million for the nine months ended September 30, 2025, compared to $283.0 million for the same period in 2024.

### Operational Metrics

-   **Net Income**: The net income for the nine months ended September 30, 2025, was $81.3 million, compared to a net loss of $63.7 million for the same period in 2024.
-   **Operating Profit**: Income from operations before income taxes was $81.5 million for the nine months ended September 30, 2025, compared to a loss of $61.1 million for the same period in 2024.
-   **Operating Costs**: General, administrative, and operating expenses were $86.8 million for the nine months ended September 30, 2025, compared to $70.8 million for the same period in 2024.

### Cash Flow

-   **Operating Cash Flow**: Net cash provided by operating activities was $71.9 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.

### Unique Metrics

-   **Residential Loans**: The carrying value of residential loans was $4,151.6 million as of September 30, 2025, compared to $3,841.7 million as of December 31, 2024.
-   **Investment Securities**: Investment securities available for sale, at fair value, were $6,838.7 million as of September 30, 2025, compared to $3,828.5 million as of December 31, 2024.

### Future Outlook and Strategy

-   **Core Business Focus**: 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.
-   **Non-Core Business**: 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.

### Related Stocks

- [ADAMZ.US](https://longbridge.com/en/quote/ADAMZ.US.md)

## Related News & Research

- [Enbridge's Preference Shares, Series H Yield Pushes Past 6.5%](https://longbridge.com/en/news/278435851.md)
- [Alphabet's SpaceX bet grows 100-fold over a decade to $94 billion](https://longbridge.com/en/news/295915905.md)
- [Oil steadies after US threatens indefinite blockade of Iran](https://longbridge.com/en/news/295876144.md)
- [BREAKINGVIEWS-Bill Ackman commands far too big a premium](https://longbridge.com/en/news/295832715.md)
- [Aehr Test Systems $AEHR Shares Sold by Sei Investments Co.](https://longbridge.com/en/news/295903778.md)