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AI brief of an SEC Form 8-K · Adamas Trust (ADAM)

Adamas Trust Q4 2025 net income $41.6 million, or $0.46 per share, up from $26.7 million net interest income

Positive Impact 3 of 5 earnings Written later

Adamas Trust reported results for the fourth quarter and full year ended December 31, 2025. Fourth-quarter net income attributable to common stockholders was $41.6 million ($0.46 per share), and full-year net income was $101.1 million ($1.12 per share). Net interest income rose to $43.2 million in the quarter from $26.7 million a year earlier, and the company said quarterly earnings available for distribution increased 44%, though the filing does not state the prior-period figure for that measure.

Key points

  • Q4 2025 earnings available for distribution were $20.4 million, or $0.23 per common share; full-year figure was $80.6 million, or $0.89 per share.
  • Full-year 2025 net income attributable to common stockholders was $101.1 million, or $1.12 per share.
  • Book value per common share was $9.60 at December 31, 2025; adjusted book value was $10.63.
  • Common dividend was $0.23 per share for each of the final two quarters of 2025, and the company board extended its stock repurchase programs to March 31, 2027.

The filing

CompanyAdamas Trust (ADAM)
Form8-K, current report
Filed with the SECFeb 18, 2026, 4:24 PM ET
Accession number0001273685-26-000027

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 18, 2026.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.