Stock Ratings / Financials / ADAM / financials

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Adamas Trust Inc. (ADAM) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Adamas Trust Inc. (ADAM)?

In FY 2025 (10-K), ADAM converted $4.0B of revenue into a 52% gross margin, 3.4% operating margin, and $125.9M in free cash flow (3.1% FCF margin).

$7.18 -7.71% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $7.07

Adamas Trust Inc. (ADAM) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $648.4M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $7.07 (-1.58%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 12/20 (C-) • 3.1% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY • 52.2% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-0.4% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for ADAM)Realized 20D OHLCV Swing Band: ±7.5%

Deterministic 5-Pillar Attribution (57/100 Composite)

🔍 WHY ADAM SCORES 57/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (28% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (23% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 4/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning4/20 pts (-16 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-16 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C+$7.65-0.1% Next Q

Q2 (-2Q)

Grade C+$7.64+2.2% Next Q

Q3 (-1Q)

Grade C$7.81-8.1% Next Q

Current

Grade D+$7.18-0.2% Hist 90D α

Trajectory: C+ (65) → D+ (57)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the ADAM Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 57/100 (D+) score, ADAM faces multiple-compression risk if 4.4x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($8.46) or 200D SMA ($8.55) invalidates the momentum regime and cuts Target Base ($7.15) toward Bear Floor ($5.58).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $ADAM• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “ADAM Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 57%NO 43%Trade / Inspect Odds →

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How ADAM Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$125.9M (3.1% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $4.00B

FY24

Rev $4.00B

FY25

Rev $4.00B

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$4.00B	52%	3.4%	$149.0M	$125.9M	8.9%
FY 2024	$4.00B	52%	-2.3%	-$62.0M	-$10.6M	-6%
FY 2023	$4.00B	52%	-1.9%	-$48.7M	$30.0M	8.9%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring ADAM)

✓Walkthrough of ADAM's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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Join Founding VIP Waitlist (No Card Required) →$100K Arena

ADAM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -20.04%🛡️ HOLDING TREND SUPPORT

2026-10-30O $7.18H $7.18L $6.54C $7.18VOL 1.76M

RES: $11.53SUP: $7.02SMA50: $8.46SMA200: $8.55

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

ADAM Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 ADAM Butterfly Map → + Track ADAM →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

-15.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on ADAM today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for ADAM. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for ADAM today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (ADAM)

Financials Rank #644 of 1096 ⚔️ PMT vs ADAM Full Matrix →

1. Head-to-Head Financials Peer Comparison (ADAM vs. PMT, PSTL, MFA, CLDT)

Industry: Real Estate Investment Trusts (172 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Adamas Trust Inc. (ADAM) ranks #644 by composite RQD confidence (57/100, grade D+) and #648 by equity capitalization ($648.4M). Within this direct 5-issuer industry benchmark cohort, MFA leads on earnings valuation at 3.9x trailing P/E, while MFA leads on capital efficiency and profitability with 9.7% ROIC and — gross margin. PSTL currently holds the highest overall quantitative score in the immediate peer group at 65/100 (C) compared with ADAM at 57/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
ADAM ACTIVE Adamas Trust Inc.	D+	57/100	4.4x	—	8.9%	-7.71%	$648.4M	Benchmark Subject
PMT PennyMac Mortgage Investment Trust of	D-	42/100	7.5x	—	4.6%	+1.51%	$643.6M	/pmt-vs-adam →
PSTL Postal Realty Trust Inc. (Class A)	C	65/100	46.4x	—	9.6%	+1.93%	$656.4M	/pstl-vs-adam →
MFA MFA Financial Inc.	C	62/100	3.9x	—	9.7%	+0.15%	$687.4M	/mfa-vs-adam →
CLDT Chatham Lodging Trust of	C	62/100	46.3x	—	4.5%	+0.60%	$697.6M	/cldt-vs-adam →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001273685

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Adamas Trust Inc. (ADAM) reported GAAP revenue of $0 (N/A vs. FY2024 revenue of $0 ) , GAAP net income of $149.0M, operating cash flow of $134.0M, and free cash flow of $125.9M (+1290.3% YoY). On the balance sheet, ADAM closed FY2025 with $12.64B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 4/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$0	$149.0M	$134.0M	$125.9M	$12.64B	—
FY2024 (FY)	2024-12-31	$0	-$62.0M	$14.1M	-$10.6M	$9.22B	—
FY2023 (FY)	2023-12-31	$0	-$48.7M	$30.0M	$30.0M	—	—

3. ADAM Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is ADAM stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Adamas Trust Inc. (NASDAQ: ADAM) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $7.18 (-7.71% 1D, market cap $648.4M). Pillar breakdown: Fundamental Cash Engine 12/20, Institutional 13F & Options Flow 4/20, Executive Insider Alignment 13/20, FRED Macro Regime Fit 12/20, and SEC Balance-Sheet Forensics 16/20. Across 1096 tracked Financials issuers, ADAM ranks #644 in composite RQD confidence.

How does ADAM compare to PMT and PSTL in the Financials sector?

Within the Financials sector (Real Estate Investment Trusts), ADAM carries a Roarable D+ (57/100 RQD), trailing P/E of 4.4x, gross margin of —, and ROIC of 8.9%. By comparison, PMT (PennyMac Mortgage Investment Trust of) holds a D- grade (42/100 RQD, P/E 7.5x, ROIC 4.6%, cap $643.6M) and PSTL (Postal Realty Trust Inc. (Class A)) posts a C grade (65/100 RQD, P/E 46.4x, ROIC 9.6%, cap $656.4M). Among the 5-stock peer group, MFA leads on earnings multiple (3.9x) while MFA leads on capital efficiency (9.7% ROIC).

What are the biggest fundamental strengths and SEC risk factors for ADAM?

Per ADAM's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001273685), Adamas Trust Inc. generated $0 in revenue, $149.0M in net income, and $125.9M in free cash flow against $12.64B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is ADAM trading relative to its 50-day, 200-day, and 52-week technical levels?

ADAM last traded at $7.18 (-7.71% on volume of 2,580,750 shares), positioning the stock -15.13% below its 50-day simple moving average ($8.46) and -16.02% below its 200-day simple moving average ($8.55). Across its 52-week range of $6.54 to $10.36, ADAM sits at the 16.8% percentile with a 14-day RSI of 23.7 (OVERSOLD (<32)) and an implied next-earnings move of ±7.5% ($6.64 to $7.72).

ADAM Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Adamas Trust Inc. (ADAM)?

In FY 2025 (10-K), ADAM converted $4.0B of revenue into a 52% gross margin, 3.4% operating margin, and $125.9M in free cash flow (3.1% FCF margin).

Direct Sub-Reports: ADAM RQD Cockpit ADAM 12M Forecast ADAM Earnings & Move ADAM Dividends & DRIP ADAM Insiders & 13F ADAM Whale Options ADAM Profit Sankey ADAM News & Why