Adamas Trust Q2 net income surges 545.7% to $55.2M as portfolio grows to $11.7B

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 1, 2025 · ~1 min read

Key Changes

• high

  Net income jumped 545.7% to $55.2M, with diluted EPS of $0.47, driven by portfolio expansion and derivative gains.

  MD&A: Earnings verify on EDGAR →
• high

  Investment portfolio grew 36% to $11.7B, fueled by $1.5B in new single-family investments including $798.3M Agency RMBS and $632.3M business purpose loans.

  MD&A: Portfolio verify on EDGAR →
• high

  Company recourse leverage ratio rose to 5.5x from 3.8x, reflecting increased financing of Agency RMBS.

  MD&A: Leverage verify on EDGAR →