# Adamas Trust, Inc. 9.250% Senior Notes Due 2031 (ADAMO)

> Source: Nexqual · https://nexqual.com/ADAMO · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Adamas Trust, Inc. 9.250% Senior Notes Due 2031 (ADAMO), nexqual.com/ADAMO" · informational, not investment advice.

**Price:** USD 24.25 (+1.55% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 23.88 · day 23.82–24.27 · 52w 23.78–27.4 · market cap null · NMS

## Key facts
- Total return with dividends: 1Y +3.4% vs S&P 500 +18.1%; 5Y +3.4% vs S&P 500 +85.1%.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | $191M | -$340M | -$77.7M | -$92.9M | $138M | $236M |
| Net income | $193M | -$299M | -$48.7M | -$62.0M | $149M | $202M |
| EPS (diluted) | $1.51 | -$3.61 | -$0.99 | -$1.14 | $1.10 | — |
| Free cash flow | $92.9M | -$118M | -$20.5M | -$10.6M | $126M | — |
| Cash + short-term investments | $290M | $245M | $187M | $167M | $210M | — |
| Total debt | $1.00B | $542M | $934M | $573M | $736M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)


## Total return (dividends reinvested)
|  | 1Y (from 2026-01-14) | 5Y (from 2026-01-12) |
|---|---|---|
| Total return | +3.4% | +3.4% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | — | — |
| Volatility (annualized) | 5.9% | 4.9% |
| Max drawdown | -4.3% (Sep 2026→Oct 2026) | -2.8% (Feb 2026→Mar 2026) |

## Peers
ADAMH (Adamas Trust, Inc. - 9.875% Sen) USD 24.86 +0.32% · MFAN (MFA Financial, Inc. 8.875% Seni) USD 25.12 +0.30% · ADAMG (Adamas Trust, Inc. - 9.125% Sen) USD 24.36 +0.58% · ADAMI (Adamas Trust, Inc. - 9.125% Sen) USD 24.73 +0.57% · CIMP (Chimera Investment Corporation ) USD 24.67 +0.20%

## More
Full page: https://nexqual.com/ADAMO · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt