Adamas Trust, Inc.
- ADAM · Nasdaq
- Real Estate Investment Trusts
- New York, NY
- 221 employees
- CIK 0001273685
Updated from SEC filings through
Top things to know
Executives
-
Jason T. Serrano Chief Executive Officer 4, 2026-01-28 - Kristine Rimando Nario-Eng Chief Financial Officer 4, 2026-01-28
- Nicholas Mah President 4, 2026-01-28
Adamas Trust, Inc. is a U.S. public company in real estate investment trusts (SIC 6798), headquartered in New York, NY. It trades as ADAM on Nasdaq. Revenue was $602M in the fiscal year ending December 31, 2025, +50.0% from the year before. It reported about 221 employees. Jason T. Serrano is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $602M 10-K, 2026-02-20 | $401M 10-K, 2026-02-20 | $259M 10-K, 2026-02-20 | $258M 10-K, 2025-02-21 | $207M 10-K, 2024-02-23 |
| Operating income | $138M 10-K, 2026-02-20 | -$92.9M 10-K, 2026-02-20 | -$77.7M 10-K, 2026-02-20 | -$340M 10-K, 2025-02-21 | $191M 10-K, 2024-02-23 |
| SG&A | $72.7M 10-K, 2026-02-20 | $48.7M 10-K, 2026-02-20 | $49.6M 10-K, 2026-02-20 | $52.4M 10-K, 2025-02-21 | $48.9M 10-K, 2024-02-23 |
| Net income | $149M 10-K, 2026-02-20 | -$62.0M 10-K, 2026-02-20 | -$48.7M 10-K, 2026-02-20 | -$299M 10-K, 2025-02-21 | $193M 10-K, 2024-02-23 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Jason T. Serrano CEO - New York Mortgage Trust | Chief Executive Officer | 4, 2026-01-28 |
| Kristine Rimando Nario-Eng | Chief Financial Officer | 4, 2026-01-28 |
| Nicholas Mah | President | 4, 2026-01-28 |
What Adamas Trust, Inc. does
“ABS” refers to debt and/or equity tranches of securitizations backed by various asset classes including, but not limited to, automobiles, aircraft, credit cards, equipment, franchises, recreational vehicles and student loans;
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 90.3 million (as of October 23, 2026) | 10-Q, October 30, 2026 |
|---|---|---|
| Public float | $596M (as of June 30, 2025) | 10-K, February 20, 2026 |
| Reportable segments | 2 (period ending September 30, 2026) | 10-Q, October 30, 2026 |
| Latest proxy statement | Meeting June 11, 2026 (filed April 24, 2026) | DEF 14A, April 24, 2026 |
| Auditor | Grant Thornton LLP (Philadelphia, Pennsylvania) | Latest 10-K |
Recent 8-K events
- 8-K filed 2026-10-28
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-09-10
- Item 8.01 Other events
- 8-K filed 2026-08-14
- Item 8.01 Other events
- 8-K filed 2026-08-12
- Item 8.01 Other events
- 8-K filed 2026-08-11
- Item 7.01 Regulation FD disclosure
- Item 8.01 Other events
- 8-K filed 2026-07-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-06-12
- Item 8.01 Other events
- 8-K filed 2026-06-11
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 5.07 Submission of matters to a vote of security holders
- Item 8.01 Other events
- 8-K filed 2026-04-29
- Item 2.02 Results of operations and financial condition (earnings release)
- Item 7.01 Regulation FD disclosure
- 8-K filed 2026-03-19
- Item 8.01 Other events
Frequently asked questions about Adamas Trust, Inc.
- What does Adamas Trust, Inc. do?
- In its own words, from Item 1 of its 10-K: "“ABS” refers to debt and/or equity tranches of securitizations backed by various asset classes including, but not limited to, automobiles, aircraft, credit cards, equipment, franchises, recreational vehicles and student loans;"
- What is Adamas Trust, Inc.'s revenue?
- $602M for the fiscal year ending December 31, 2025, from its 10-K filed February 20, 2026.
- Is Adamas Trust, Inc. profitable?
- Adamas Trust, Inc. reported net income of $149M for the fiscal year ending December 31, 2025.
- How many employees does Adamas Trust, Inc. have?
- About 221 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Adamas Trust, Inc.?
- Jason T. Serrano, Chief Executive Officer, as named in a 4 filed January 28, 2026.
- Who is the CFO of Adamas Trust, Inc.?
- Kristine Rimando Nario-Eng, Chief Financial Officer, as named in a 4 filed January 28, 2026.
- Where is Adamas Trust, Inc. headquartered?
- New York, NY.
- What is Adamas Trust, Inc.'s stock ticker?
- ADAM, ADAMG, ADAMH, ADAMI, ADAMK, ADAML, ADAMM, ADAMN, ADAMO, ADAMZ on Nasdaq.
- What industry is Adamas Trust, Inc. in?
- Real Estate Investment Trusts, SIC code 6798.
- What is Adamas Trust, Inc.'s website?
- adamasreit.com. Investor relations: https://www.adamasreit.com/investors.
- When does Adamas Trust, Inc. report earnings next?
- February 21, 2027. Source: estimate_10q_cadence.
- Is Adamas Trust, Inc. a public company?
- Yes. Adamas Trust, Inc. files with the SEC under CIK 0001273685 and trades as ADAM.
- Who audits Adamas Trust, Inc.?
- Grant Thornton LLP, Philadelphia, Pennsylvania, as named in its latest annual report (10-K).
- How many shares of Adamas Trust, Inc. are outstanding?
- 90.3 million shares as of October 23, 2026, from its 10-Q filed October 30, 2026.
- What is Adamas Trust, Inc.'s public float?
- $596M as of June 30, 2025, as reported on the cover of its 10-K filed February 20, 2026.
- How many business segments does Adamas Trust, Inc. report?
- 2 reportable segments for the period ending September 30, 2026, from its 10-Q filed October 30, 2026.
- When is Adamas Trust, Inc.'s annual shareholder meeting?
- June 11, 2026, per its proxy statement (DEF 14A) filed April 24, 2026.