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Adamas Trust Earnings Calls
| Release date | Aug 05, 2026 |
| EPS estimate | $0.201 |
| EPS actual | - |
| Revenue estimate | 64.766M |
| Revenue actual | - |
| Expected change | +/- 3.74% |
| Release date | Apr 29, 2026 |
| EPS estimate | $0.118 |
| EPS actual | $0.400 |
| EPS Surprise | 238.12% |
| Revenue estimate | 63.915M |
| Revenue actual | 12.625M |
| Revenue Surprise | -80.25% |
| Release date | Feb 18, 2026 |
| EPS estimate | $0.240 |
| EPS actual | $0.230 |
| EPS Surprise | -4.17% |
| Revenue estimate | 65.391M |
| Revenue actual | 14.084M |
| Revenue Surprise | -78.46% |
| Release date | Oct 29, 2025 |
| EPS estimate | $0.218 |
| EPS actual | $0.360 |
| EPS Surprise | 65.37% |
| Revenue estimate | 42.717M |
| Revenue actual | 16.6M |
| Revenue Surprise | -61.14% |
Last 4 Quarters for Adamas Trust
Below you can see how ADAM performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Oct 29, 2025 |
| Price on release | $6.90 |
| EPS estimate | $0.218 |
| EPS actual | $0.360 |
| EPS surprise | 65.37% |
| Date | Price |
|---|---|
| Oct 23, 2025 | $6.91 |
| Oct 24, 2025 | $6.94 |
| Oct 27, 2025 | $6.93 |
| Oct 28, 2025 | $6.85 |
| Oct 29, 2025 | $6.90 |
| Oct 30, 2025 | $6.58 |
| Oct 31, 2025 | $6.67 |
| Nov 03, 2025 | $6.70 |
| Nov 04, 2025 | $6.80 |
| 4 days before | -0.145% |
| 4 days after | -1.45% |
| On release day | -4.64% |
| Change in period | -1.59% |
| Release date | Feb 18, 2026 |
| Price on release | $8.04 |
| EPS estimate | $0.240 |
| EPS actual | $0.230 |
| EPS surprise | -4.17% |
| Date | Price |
|---|---|
| Feb 11, 2026 | $7.98 |
| Feb 12, 2026 | $8.06 |
| Feb 13, 2026 | $8.16 |
| Feb 17, 2026 | $8.11 |
| Feb 18, 2026 | $8.04 |
| Feb 19, 2026 | $8.29 |
| Feb 20, 2026 | $8.14 |
| Feb 23, 2026 | $7.92 |
| Feb 24, 2026 | $8.02 |
| 4 days before | 0.752% |
| 4 days after | -0.249% |
| On release day | 3.11% |
| Change in period | 0.501% |
| Release date | Apr 29, 2026 |
| Price on release | $7.75 |
| EPS estimate | $0.118 |
| EPS actual | $0.400 |
| EPS surprise | 238.12% |
| Date | Price |
|---|---|
| Apr 23, 2026 | $7.83 |
| Apr 24, 2026 | $7.95 |
| Apr 27, 2026 | $8.06 |
| Apr 28, 2026 | $8.13 |
| Apr 29, 2026 | $7.75 |
| Apr 30, 2026 | $8.98 |
| May 01, 2026 | $8.89 |
| May 04, 2026 | $8.70 |
| May 05, 2026 | $8.61 |
| 4 days before | -1.02% |
| 4 days after | 11.10% |
| On release day | 15.87% |
| Change in period | 9.96% |
| Release date | Aug 05, 2026 |
| Price on release | - |
| EPS estimate | $0.201 |
| EPS actual | - |
| Date | Price |
|---|---|
| Jun 03, 2026 | $8.79 |
| Jun 04, 2026 | $9.10 |
| Jun 05, 2026 | $8.98 |
| Jun 08, 2026 | $8.91 |
| Jun 09, 2026 | $9.05 |
Adamas Trust Earnings Call Transcript Summary of Q1 2026
Adamas Trust reported strong Q1 2026 results driven by diversified residential mortgage strategies and the progressing integration of its origination platform, Constructive. Key financials: GAAP EPS $0.41, EAD $0.29 (up 26% QoQ and 45% YoY), GAAP book value +4% to $9.98, adjusted book value +1.6% to $10.80. Investment activity exceeded $1 billion for the quarter ($510M agency, $502M residential credit, including a record $400M in BPL rental). Agency RMBS remains ~56% of capital; agency leverage ~7.8x. Constructive transitioned to profitability, generating ~ $2.5M stand-alone profit and ~13% ROE; mortgage banking income was $15.3M. The company executed hedges and realized derivative gains (~$87.8M) and a $13.8M gain on sale from a mezzanine asset. Capital posture improved: issued $90M of 2031 notes, retired $100M 2026 notes, no near-term corporate maturities, $199M cash and ~$418M total liquidity. Management emphasizes scaling EAD and Constructive-originated assets (targeting 5–6 BPL rental securitizations in 2026), disciplined capital allocation (including opportunistic buybacks), and potential for future dividend discussions as EAD growth sustainably outpaces distributions. Risks noted include market volatility from geopolitical events, spread and rate moves, and securitization/credit market fluctuations.
