Adamas Trust, Inc.

ADAMNASDAQReal Estate● Active

$8.97

$-0.01(-0.12%)

Market Cap$806009208

P/E Ratio—

52W High$9.32

52W Low$6.16

Avg Volume767K

Open$9.03

Beta1.25

Free Cash Flow Financials Revenue

Adamas Trust, Inc. (ADAM) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

ADAM · free cash flow · updated Jun 8, 2026

Core FCF metrics

ADAM · FCF · TTM · margin & CAGR

Free cash flow was $125.9M for FY2025 (fiscal year ending 2025-12-31), up 2636.1% year-over-year The FCF margin was 15.6%. Five-year CAGR stands at +2.6%.

FY2025 Free Cash Flow$125.9M▲ +2636.1% YoY

Trailing 12M (TTM)$90.5Mtrailing 4 quarters sum

FCF Margin15.6%$125.9M ÷ revenue

3-Year CAGR+11.1%FY2022 → FY2025

5-Year CAGR+2.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

ADAM · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$134.0M(8M)$125.9M▲ +2636.1%15.6%

FY2024$14.1M(9M)$4.6M▼ 84.6%0.8%

FY2023$30.0M(0M)$30.0M▼ 67.4%6.0%

FY2022$91.8M(0M)$91.8M▼ 33.9%66.5%

FY2021$138.9M(0M)$138.9M▲ +25.3%36.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

ADAM · P/FCF · FCF yield · FCF per share

Adamas Trust, Inc. (ADAM) trades at a FCF yield of 11.12% and a price-to-free-cash-flow ratio of 9.0x. FCF per share stands at $1.00, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

11.12%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.00

TTM FCF ÷ Shares Outstanding

Price / FCF

x9.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x129.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

ADAM · cash flow statement · operating / investing / financing

For FY2025, Adamas Trust, Inc. generated $134.0M in operating cash flow and spent 8M in capital expenditures, yielding $125.9M in free cash flow.

Operating Activities

+$134.0M

Cash from core business operations

2025-12-31

Investing Activities

−$2.90B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$2.78B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($134.0M) − |CapEx| (8M) = FCF ($125.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

ADAM vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Adamas Trust, Inc.YOU

ADAM

$125.9M+2636.1%15.6%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Adamas Trust, Inc. (ADAM) reported free cash flow of $125.9M for FY2025 (fiscal year ending 2025-12-31), up 2636.1% year-over-year. The FCF margin was 15.6%.

Based on available data, Adamas Trust, Inc. has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $138.9M in FY2021. The 5-year CAGR stands at +2.6%.

Adamas Trust, Inc.'s FCF yield is 11.12% and price-to-FCF ratio is 9.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

ADAM free cash flow · 8 questions

Adamas Trust, Inc. free cash flow was $125.9M for FY2025, up 2636.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $90.5M.

ADAM free cash flowADAM FCFADAM FCF 2025ADAM free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Adamas Trust, Inc. · Adamas Trust, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026