Adamas Trust (ADAM) Operating Expenses (2010 - 2026)
Adamas Trust (ADAM) posted quarterly Operating Expenses of $40.0 million for Q2 2026, up 101.17% year-over-year from $19.9 million in Q2 2025, and little changed on a QoQ basis from $40.0 million in Q1 2026.
Adamas Trust (ADAM) Operating Expenses (2010 - 2026) Analysis & Trends
Adamas Trust has reported Operating Expenses for 17 years, with the latest figure at $40.0 million in Q2 2026.
- Operating Expenses for Q2 2026 came in at $40.0 million, up 101.17% year-over-year; the trailing twelve-month figure through Jun 2026 was $158.0 million (up 78.03% YoY), and the FY2025 annual result was $122.9 million, up 34.08% from the prior year.
- Operating Expenses steadied at $40.0 million in Q2 2026, from $40.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $109.8 million in Q2 2022 and troughed at $17.0 million in Q3 2023.
- A 5-year average of $33.4 million and a median of $23.2 million in 2024 frame the typical range for Operating Expenses.
- The widest annual swing landed in 2022, when Operating Expenses jumped 374.78%; it then sank 82.72% in 2023.
- A 5-year view of Operating Expenses shows it stood at $21.9 million in 2022, then slipped by 18.6% to $17.8 million in 2023, then climbed by 17.5% to $20.9 million in 2024, then soared by 72.61% to $36.1 million in 2025, then grew by 10.76% to $40.0 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $40.0 million in Q2 2026, $40.0 million in Q1 2026, and $36.1 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | 71.74 Mn |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | 30.00 Mn |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | 524.77 Mn |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | 1.28 Bn |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | 16.21 Mn |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | 111.00 Mn |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | 17.16 Mn |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | 76.02 Mn |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | 6.76 Mn |
| 10 | Adamas Trust | 908.34 Mn | 696.03 Mn | - | 40.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 40.01 Mn |
| Mar 31, 2026 | 40.03 Mn |
| Dec 31, 2025 | 36.12 Mn |
| Sep 30, 2025 | 41.83 Mn |
| Jun 30, 2025 | 19.89 Mn |
| Mar 31, 2025 | 25.10 Mn |
| Dec 31, 2024 | 20.93 Mn |
| Sep 30, 2024 | 22.83 Mn |
| Jun 30, 2024 | 23.60 Mn |
| Mar 31, 2024 | 24.34 Mn |
| Dec 31, 2023 | 17.81 Mn |
| Sep 30, 2023 | 16.99 Mn |
| Jun 30, 2023 | 18.97 Mn |
| Mar 31, 2023 | 19.75 Mn |
| Dec 31, 2022 | 21.88 Mn |
| Sep 30, 2022 | 21.73 Mn |
| Jun 30, 2022 | 109.78 Mn |
| Mar 31, 2022 | 78.99 Mn |
| Dec 31, 2021 | 5.21 Mn |
| Sep 30, 2021 | 28.05 Mn |