Adamas Trust (ADAM) Operating Expenses (2010 - 2026)

Adamas Trust's Operating Expenses history runs 17 years deep, the most recent figure standing at $40.0 million for Q1 2026.

• Quarterly Operating Expenses rose 59.47% year-over-year to $40.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $137.9 million (up 49.12% YoY) and the FY2025 annual result came in at $122.9 million, up 34.08% from the prior year.
• Operating Expenses was $40.0 million for Q1 2026 at Adamas Trust, up from $36.1 million in the prior quarter.
• Across five years, Operating Expenses topped out at $109.8 million in Q2 2022 and bottomed at $17.0 million in Q3 2023.
• A 5-year average of $33.0 million and a median of $22.8 million in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 374.78% — and 2023, when it sank 82.72%.
• Adamas Trust's Operating Expenses stood at $21.9 million in 2022, then declined by 18.6% to $17.8 million in 2023, then increased by 17.5% to $20.9 million in 2024, then surged by 72.61% to $36.1 million in 2025, then rose by 10.82% to $40.0 million in 2026.
• Business Quant data shows ADAM's Operating Expenses at $40.0 million in Q1 2026, $36.1 million in Q4 2025, and $41.8 million in Q3 2025.