ADAMAS TRUST, INC.
For the period ended Dec 31, 2025. Filed Feb 20, 2026.
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FY2025 · Filed Feb 20, 2026
ADAM$5.690.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Changes in Stockholders' Equity
For the Years Ended December 31, 2025, 2024 and 2023
| Common Stock | Preferred Stock | Additional Paid-In Capital | Retained Earnings (Accumulated Deficit) | Accumulated Other Comprehensive Income (Loss) | Total Company Stockholders' Equity | Non-Controlling Interest in Consolidated VIE | Total | |
|---|---|---|---|---|---|---|---|---|
| Balance, December 31, 2022 | $912 | $538,351 | $2,282,691 | $(1,052,768) | $(1,970) | $1,767,216 | $33,092 | $1,800,308 |
| Net loss ($(17,067) allocated to redeemable non-controlling interest) | — | — | — | (48,665) | — | (48,665) | (12,067) | (60,732) |
| Common stock repurchases | (9) | — | (8,606) | — | — | (8,615) | — | (8,615) |
| Preferred stock repurchases | — | (2,906) | — | 467 | — | (2,439) | — | (2,439) |
| Stock based compensation expense, net | 4 | — | 8,821 | — | — | 8,825 | — | 8,825 |
| Dividends declared on common stock | — | — | — | (109,279) | — | (109,279) | — | (109,279) |
| Dividends declared on preferred stock | — | — | — | (41,837) | — | (41,837) | — | (41,837) |
| Dividends attributable to dividend equivalents | — | — | — | (1,735) | — | (1,735) | — | (1,735) |
| Reclassification adjustment for net loss included in net loss | — | — | — | — | 1,822 | 1,822 | — | 1,822 |
| Increase in fair value of available for sale securities | — | — | — | — | 144 | 144 | — | 144 |
| Increase in non-controlling interest related to initial consolidation of VIEs | — | — | — | — | — | — | 3,790 | 3,790 |
| Contributions of non-controlling interest in Consolidated VIEs | — | — | — | — | — | — | 997 | 997 |
| Decrease in non-controlling interest related to distributions from Consolidated VIEs | — | — | — | — | — | — | (5,359) | (5,359) |
| Adjustment of redeemable non-controlling interest to estimated redemption value | — | — | 14,175 | — | — | 14,175 | — | 14,175 |
| Balance, December 31, 2023 | $907 | $535,445 | $2,297,081 | $(1,253,817) | $(4) | $1,579,612 | $20,453 | $1,600,065 |
| Net loss ($(16,926) allocated to redeemable non-controlling interest) | — | — | — | (62,029) | — | (62,029) | (14,998) | (77,027) |
| Common stock repurchases | (6) | — | (3,487) | — | — | (3,493) | — | (3,493) |
| Stock based compensation expense, net | 5 | — | 6,063 | — | — | 6,068 | — | 6,068 |
| Dividends declared on common stock | — | — | — | (72,596) | — | (72,596) | — | (72,596) |
| Dividends declared on preferred stock | — | — | — | (41,756) | — | (41,756) | — | (41,756) |
| Dividends attributable to dividend equivalents | — | — | — | (477) | — | (477) | — | (477) |
| Reclassification adjustment for net loss included in net loss | — | — | — | — | 4 | 4 | — | 4 |
| Increase in non-controlling interest related to de-consolidation of VIEs | — | — | — | — | — | — | 1,730 | 1,730 |
|---|---|---|---|---|---|---|---|---|
| Contributions of non-controlling interest in Consolidated VIEs | — | — | — | — | — | — | 516 | 516 |
| Decrease in non-controlling interest related to distributions from Consolidated VIEs | — | — | — | — | — | — | (3,646) | (3,646) |
| Adjustment of redeemable non-controlling interest to estimated redemption value | — | — | (10,613) | — | — | (10,613) | — | (10,613) |
| Balance, December 31, 2024 | $906 | $535,445 | $2,289,044 | $(1,430,675) | $— | $1,394,720 | $4,055 | $1,398,775 |
| Net income (loss) ($(9,603) allocated to redeemable non-controlling interest) | — | — | — | 149,048 | — | 149,048 | (1,788) | 147,260 |
| Preferred stock issuance, net | — | 5,027 | — | — | — | 5,027 | — | 5,027 |
| Common stock repurchases | (2) | — | (1,500) | — | — | (1,502) | — | (1,502) |
| Stock based compensation (benefit) expense, net | (1) | — | 8,198 | — | — | 8,197 | — | 8,197 |
| Dividends declared on common stock | — | — | — | (77,711) | — | (77,711) | — | (77,711) |
| Dividends declared on preferred stock | — | — | — | (47,942) | — | (47,942) | — | (47,942) |
| Dividends attributable to dividend equivalents | — | — | — | (1,367) | — | (1,367) | — | (1,367) |
| Contributions of non-controlling interest in Consolidated VIEs | — | — | — | — | — | — | 1,028 | 1,028 |
| Decrease in non-controlling interest related to distributions from Consolidated VIEs | — | — | — | — | — | — | (2,796) | (2,796) |
| Adjustment of redeemable non-controlling interest to estimated redemption value | — | — | (1,548) | — | — | (1,548) | — | (1,548) |
| Balance, December 31, 2025 | $903 | $540,472 | $2,294,194 | $(1,408,647) | $— | $1,426,922 | $499 | $1,427,421 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.