Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | — | $91.9M | $104M | $172M | -$287M | $191M | -$340M | -$77.7M | -$92.9M | $138M |
| Net income | $67.6M | $92.0M | $103M | $174M | -$289M | $193M | -$299M | -$48.7M | -$62.0M | $149M |
| EPS (diluted) | $0.50 | $0.66 | $0.61 | $0.64 | -$0.89 | $1.51 | -$3.61 | -$0.99 | -$1.14 | $1.10 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $53.8M | $29.3M | $24.2M | $35.1M | $111M | $139M | $91.8M | $30.0M | $14.1M | $134M |
| Capital expenditures | $0.00 | $296K | $457K | $128K | $206K | $46.1M | $209M | $50.4M | $24.6M | $8.15M |
| Free cash flow | $53.8M | $29.0M | $23.7M | $35.0M | $111M | $92.9M | -$118M | -$20.5M | -$10.6M | $126M |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $44.4M | $8.62M | $3.49M | $1.50M |
| Dividends paid | — | $93.9M | $97.9M | $163M | $105M | $152M | $152M | $129M | $74.9M | $75.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $83.6M | $95.2M | $104M | $119M | $293M | $290M | $245M | $187M | $167M | $210M |
| Total assets | $8.95B | $12.1B | $14.7B | $23.5B | $4.66B | $5.66B | $6.24B | $7.40B | $9.22B | $12.6B |
| Total liabilities | $8.10B | $11.1B | $13.6B | $21.3B | $2.35B | $3.23B | $4.38B | $5.77B | $7.81B | $11.2B |
| Long-term debt | — | $240M | $214M | $224M | $220M | $1.00B | $542M | $934M | $573M | $736M |
| Shareholders' equity | $848M | $972M | $1.18B | $2.21B | $2.30B | $2.34B | $1.77B | $1.58B | $1.39B | $1.43B |
| Retained earnings | -$62.5M | -$75.7M | -$103M | -$149M | -$551M | -$559M | -$1.05B | -$1.25B | -$1.43B | -$1.41B |
| Shares (wtd avg diluted) | 110M | 130M | 147M | 243M | 371M | 95.2M | 94.3M | 91.0M | 90.8M | 91.5M |
Every figure is extracted from ADAMAS TRUST, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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