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

Adamas Trust (ADAM) has reported Operating Expenses for 17 consecutive years, with $40.0 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 101.17% year-over-year to $40.0 million; the trailing twelve-month figure through Jun 2026 stood at $158.0 million (up 78.03% YoY), and the FY2025 full-year result was $122.9 million, up 34.08% from the prior year.
• Operating Expenses held at $40.0 million in Q2 2026 per ADAM's latest filing, from $40.0 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.
• Historically, Operating Expenses has averaged $33.4 million across 5 years, with a median of $23.2 million in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 374.78% in 2022, then tumbled 82.72% in 2023.
• Over 5 years, 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 10.76% to $40.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $40.0 million, $40.0 million, and $36.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.