ADAM
Adamas Trust, Inc.
NasdaqGSUSDEQUITY
Real Estate
DELAYED
Neutral
-20/100
Last price
7.72
■ 0.00 (0.00%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
—
Prev close
7.72
Day high
7.82
Day low
7.67
Volume
857.82K
Market cap
$693.87M
P/E (TTM)
4.60
52W range
6.45 – 10.36
Trailing performance
Returnvs SPY
1W
-2.65%
-4.6%
1M
-20.82%
-22.0%
3M
-14.03%
-18.6%
6M
+3.90%
-14.3%
YTD
+5.75%
-8.5%
1Y
+10.60%
-5.8%
3Y
-9.07%
-91.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ADAM open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
6.05M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 10, 26 | CLEMENT MICHAEL B Director |
— | 18.68K | — | Direct |
| Dec 31, 25 | NARIO-ENG KRISTINE RIMANDO Chief Financial Officer |
— | 46.20K | — | Direct |
| Dec 31, 25 | SERRANO JASON T. Chief Executive Officer |
— | 159.95K | — | Direct |
| Dec 31, 25 | MAH NICHOLAS President |
— | 105.48K | — | Direct |
| Jun 11, 25 | CLEMENT MICHAEL B Director |
— | 18.46K | — | Direct |
| Dec 31, 24 | NARIO-ENG KRISTINE RIMANDO Chief Financial Officer |
— | 26.28K | — | Direct |
| Dec 31, 24 | SERRANO JASON T. Chief Executive Officer |
— | 87.53K | — | Direct |
| Dec 31, 24 | MAH NICHOLAS President |
— | 64.00K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CLEMENT MICHAEL B |
Director | 101.31K | Conversion of Exercise of derivative security |
MAH NICHOLAS |
President | 253.69K | Conversion of Exercise of derivative security |
NARIO-ENG KRISTINE RIMANDO |
Chief Financial Officer | 157.30K | Conversion of Exercise of derivative security |
SERRANO JASON T. |
Chief Executive Officer | 395.54K | Conversion of Exercise of derivative security |
Fundamentals
Market cap$693.87M
Enterprise value$12.34B
Revenue (TTM)$381.67M
Gross profit$300.27M
EBITDA—
Net income$154.63M
EPS (TTM)$1.68
Free cash flow—
Total cash$215.57M
Total debt$11.32B
Book value / share$10.37
Shares outstanding89.88M
Float84.32M
Short % of float4.27%
Dividend yield15.55%
Beta (5Y)1.30
Valuation & profitability ratios
Trailing P/E4.60
Forward P/E6.23
PEG ratio2.50
Price / sales—
Price / book0.74
EV / revenue32.33
EV / EBITDA—
Gross margin78.67%
Operating margin51.68%
Profit margin52.96%
Return on equity16.44%
Return on assets2.00%
Debt / equity769.10
Current ratio0.84
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $352.88M | $238.90M | $304.58M | $8.69M | +47.7% |
| Operating revenue | $352.88M | $238.90M | $304.58M | $8.69M | +47.7% |
| Selling, general & admin | $66.29M | $42.78M | $49.56M | $47.67M | +55.0% |
| Pre-tax income | $137.80M | -$92.92M | -$77.72M | -$340.11M | +248.3% |
| Tax provision | $145.00K | $1.04M | $75.00K | $542.00K | -86.0% |
| Net income | $149.05M | -$62.03M | -$48.66M | -$298.61M | +340.3% |
| Net income to common | $101.11M | -$103.78M | -$90.03M | -$340.58M | +197.4% |
| Basic EPS | 1.12 | -1.14 | -0.99 | -3.60 | +198.2% |
| Diluted EPS | 1.10 | -1.14 | -0.99 | -3.60 | +196.5% |
| Basic shares | 90.43M | 90.81M | 91.04M | 94.32M | -0.4% |
| Diluted shares | 91.51M | 90.81M | 91.04M | 94.32M | +0.8% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $210.33M | $167.42M | $187.11M | $244.72M | +25.6% |
| Accounts receivable | $76.15M | $62.08M | $37.31M | $34.07M | +22.7% |
| Property, plant & equipment | $5.17M | $5.46M | $6.58M | $7.83M | -5.2% |
| Goodwill & intangibles | $60.61M | $21.25M | $2.38M | $0 | +185.1% |
| Total assets | $12.64B | $9.22B | $7.40B | $6.24B | +37.1% |
| Long-term debt | $4.25B | $3.55B | $2.80B | $2.64B | +19.7% |
| Total debt | $4.25B | $3.56B | $2.81B | $2.65B | +19.7% |
| Total liabilities | $11.21B | $7.81B | $5.77B | $4.38B | +43.6% |
| Retained earnings | -$1.41B | -$1.43B | -$1.25B | -$1.05B | +1.5% |
| Shareholder equity | $1.43B | $1.39B | $1.58B | $1.77B | +2.3% |
| Net tangible assets | $1.37B | $1.37B | $1.58B | $1.77B | -0.5% |
| Shares issued | 90.30M | 90.57M | 90.68M | 91.19M | -0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $137.66M | -$93.95M | -$77.80M | -$340.65M | +246.5% |
| Depreciation & amortisation | $39.70M | $60.04M | $52.12M | $152.96M | -33.9% |
| Stock-based compensation | $8.20M | $6.07M | $8.82M | $11.89M | +35.1% |
| Change in working capital | $12.24M | -$15.04M | -$16.75M | -$14.79M | +181.4% |
| Operating cash flow | $134.04M | $14.07M | $29.95M | $91.78M | +852.6% |
| Capital expenditure | — | -$9.47M | — | — | — |
| Investing cash flow | -$2.90B | -$2.24B | -$1.22B | -$508.77M | -29.1% |
| Share buybacks | -$1.50M | -$3.49M | -$11.05M | -$44.40M | +57.0% |
| Dividends paid | -$121.97M | -$116.70M | -$170.69M | -$193.16M | -4.5% |
| Financing cash flow | $2.78B | $2.23B | $1.14B | $460.07M | +24.6% |
| Free cash flow | $134.04M | $4.60M | $29.95M | $91.78M | +2,813.3% |
| End cash position | $342.38M | $329.02M | $330.64M | $380.94M | +4.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $105.07M | $143.12M | $108.14M | $102.50M | $52.36M | -26.6% |
| Operating revenue | $105.07M | $143.12M | $108.14M | $102.50M | $52.36M | -26.6% |
| Selling, general & admin | $23.57M | $22.65M | $22.90M | $21.63M | $10.54M | +4.1% |
| Pre-tax income | $53.07M | $86.72M | $56.32M | $39.49M | $4.28M | -38.8% |
| Tax provision | $13.00K | $159.00K | -$44.00K | -$298.00K | -$161.00K | -91.8% |
| Net income | $55.18M | $48.60M | $53.53M | $44.82M | $8.55M | +13.5% |
| Net income to common | $43.42M | $36.90M | $41.60M | $32.70M | -$3.49M | +17.7% |
| Basic EPS | 0.48 | 0.41 | 0.46 | 0.36 | -0.04 | +17.1% |
| Diluted EPS | 0.47 | 0.40 | 0.45 | 0.36 | -0.04 | +17.5% |
| Basic shares | 89.98M | 90.35M | 90.40M | 90.41M | 90.32M | -0.4% |
| Diluted shares | 92.35M | 92.06M | 91.99M | 91.61M | 90.32M | +0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $212.31M | $208.91M | $210.33M | $185.28M | $160.45M | +1.6% |
| Accounts receivable | $81.89M | $77.23M | $76.15M | $72.89M | $64.47M | +6.0% |
| Property, plant & equipment | $4.32M | $4.75M | $5.17M | $4.57M | $4.87M | -9.0% |
| Goodwill & intangibles | $57.77M | $59.12M | $60.61M | $62.17M | $19.45M | -2.3% |
| Total assets | $12.96B | $12.79B | $12.64B | $12.40B | $10.55B | +1.4% |
| Long-term debt | $4.25B | $4.13B | $4.25B | $4.34B | $4.01B | +2.9% |
| Total debt | $4.25B | $4.13B | $4.25B | $4.35B | $4.02B | +2.9% |
| Total liabilities | $11.49B | $11.33B | $11.21B | $11.00B | $9.16B | +1.4% |
| Retained earnings | -$1.37B | -$1.39B | -$1.41B | -$1.43B | -$1.44B | +1.3% |
| Shareholder equity | $1.47B | $1.46B | $1.43B | $1.39B | $1.38B | +1.1% |
| Net tangible assets | $1.41B | $1.40B | $1.37B | $1.33B | $1.36B | +1.2% |
| Shares issued | 89.88M | 89.86M | 90.30M | 90.31M | 90.31M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $53.05M | $86.57M | $56.37M | $39.79M | $4.44M | -38.7% |
| Depreciation & amortisation | $11.03M | $10.00M | $8.58M | $10.38M | $10.10M | +10.3% |
| Stock-based compensation | $2.71M | $175.00K | $2.43M | $2.44M | $2.47M | +1,446.3% |
| Change in working capital | -$903.00K | -$14.11M | $9.13M | -$7.33M | $8.82M | +93.6% |
| Operating cash flow | $105.90M | -$16.71M | $62.08M | $6.92M | $39.22M | +733.6% |
| Investing cash flow | -$300.53M | -$66.99M | -$148.07M | -$1.59B | -$359.96M | -348.6% |
| Share buybacks | $0 | -$5.00M | $0 | $0 | -$1.50M | +100.0% |
| Dividends paid | -$32.51M | -$33.32M | -$32.93M | -$30.09M | -$30.06M | +2.4% |
| Financing cash flow | $138.45M | $106.72M | $130.65M | $1.62B | $313.46M | +29.7% |
| Free cash flow | $105.90M | -$16.71M | $62.08M | $6.92M | $39.22M | +733.6% |
| End cash position | $309.21M | $365.39M | $342.38M | $297.71M | $267.12M | -15.4% |
Options analytics
Put / call volume
0.07
Call-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
2.50
-67.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+6.2%
Puts bid over calls
Call volume
98
Contracts, this expiry
Put volume
7
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
2.50
2 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.25 | 0.30 | +21.1% |
| Mar 2026 | 0.23 | 0.29 | +27.5% |
| Dec 2025 | 0.25 | 0.23 | -6.3% |
| Sep 2025 | 0.22 | 0.24 | +10.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.29 | 6 | $53.59M | +46.5% |
| Next quarter | 0.30 | 6 | $54.21M | +25.6% |
| Current year | 1.23 | 6 | $206.49M | +38.3% |
| Next year | 1.25 | 6 | $229.58M | +11.2% |
Analyst targets & ownership
Mean target$12.13
High target$24.00
Low target$9.50
Implied upside57.06%
Analyst count6
ConsensusHOLD
Strong buy / Buy1 / 1
Hold5
Sell / Strong sell0 / 0
Held by insiders6.73%
Held by institutions59.40%
Institutions holding276
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
7.95
-2.84% from price
SMA 20
8.49
-9.10% from price
SMA 50
9.22
-16.24% from price
SMA 100
9.14
-15.50% from price
SMA 200
8.54
-9.59% from price
EMA 12
8.09
-4.63% from price
EMA 26
8.56
-9.82% from price
EMA 50
8.87
-13.00% from price
RSI (14)
14.2
Oversold
MACD (12,26,9)
-0.47
Hist -0.07
ATR (14)
0.24
3.16% of price
Realised vol 30D
20.6%
Annualised
Bollinger upper
9.66
20, 2σ
Bollinger lower
7.32
20, 2σ
50 / 200 cross
Golden
9.22 vs 8.54
Trend bias
Below 200
-9.59%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
1.00
Less volatile than market
Correlation to SPY
0.41
Loosely linked
Realised vol 30D
20.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-24.5%
Peak to trough
Max drawdown 5Y
-70.9%
Peak to trough
ATR 14
0.24
3.16% of price
Beta (reported)
1.30
5Y monthly, from filing
Short interest
Shares short
3.18M
Prior 2.89M
Change vs prior
+10.0%
Shorts adding
% of float
4.27%
Normal
% of shares out
3.53%
Against total outstanding
Days to cover
4.1
Liquid
Float
84.32M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 17, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Sep 14, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Sep 11, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Sep 1, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Aug 19, 26 | UBS | MAINTAINED | Neutral | Neutral |
| Jul 30, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Feb 20, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Feb 20, 26 | Jones Trading | MAINTAINED | Buy | Buy |
| Oct 30, 25 | Jones Trading | MAINTAINED | Buy | Buy |
| Jul 10, 25 | UBS | MAINTAINED | Neutral | Neutral |
| May 2, 25 | B. Riley Securities | MAINTAINED | Buy | Buy |
| May 2, 25 | Jones Trading | MAINTAINED | Buy | Buy |
Dividends & splits
Forward rate$1.20 / yr
Forward yield15.55%
5-year avg yield12.90%
Payout ratio57.14%
Ex-dividend dateSep 22, 2026
Next pay dateOct 28, 2026
Last split1:4
Split dateMar 9, 2023
SEC filings
Offering Registrations
S-3ASR · 2026-09-28
Corporate Changes & Voting Matters
8-K · 2026-09-10
Trading Registrations
8-A12B · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-08-12
Corporate Changes & Voting Matters
8-K · 2026-08-11
Periodic Financial Reports
10-Q · 2026-07-31
Corporate Changes & Voting Matters
8-K · 2026-07-29
Offering Registrations
S-8 · 2026-07-02
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PRIVATE STRATEGY · BY QUALIFICATION
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