Also trades as: ADAM (NASDAQ) · $vol 8M · ADAMM (NASDAQ) · $vol 0M · ADAMN (NASDAQ) · $vol 0M

$24.85

-0.05 (-0.20%)

After Hours: $24.25 (-0.60, -2.41%)

Weekly Expected Move ±0.9%

$24 $25 $25 $25 $25

NASDAQ · Real Estate · REIT - Mortgage · Tech Score Neutral · Power 42 · $701.4M mcap · 84M float · 0.032% daily turnover · Short 26% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview News Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Dividends Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Income Trends

Revenue

$672M +20.2% ▲

5Y CAGR: +35.3%

Gross Profit

$524M +119.7% ▲

5Y CAGR: +31.0%

Operating Income

$609M +755.8% ▲

Net Income

$149M +340.3% ▲

EPS (Diluted)

$1.10 +196.5% ▲

EBITDA

$649M +2075.1% ▲

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$380M	$138M	$501M	$559M	$672M
YoY Growth	+156.9%	-63.7%	+262.6%	+11.6%	+20.2%
Cost of Revenue	$79M	$129M	$192M	$321M	$148M
Gross Profit	$301M	$9M	$309M	$238M	$524M
Gross Margin	79.1%	6.3%	61.6%	42.6%	78.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$45M	$48M	$45M	$43M	$66M
Operating Expenses	$110M	$349M	$386M	$331M	-$86M
Operating Income	$191M	-$340M	-$78M	-$93M	$609M
Operating Margin	50.2%	-246.3%	-15.5%	-16.6%	90.7%
Interest Expense	$79M	$129M	$192M	$317M	$488M
Income Before Tax	$191M	-$340M	-$78M	-$93M	$138M
Tax Expense	$2M	$542K	$75K	$1M	$145K
Net Income	$193M	-$299M	-$49M	-$62M	$149M
Net Margin	50.8%	-216.2%	-9.7%	-11.1%	22.2%
EPS (Diluted)	$1.52	$-3.60	$-0.99	$-1.14	$1.10
EBITDA	$242M	-$187M	-$26M	-$33M	$649M
Shares Outstanding	95M	94M	91M	91M	92M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$182M	$130M	$187M	$157M	$227M	$236M	$267M	$228M
Cost of Revenue	$88M	$92M	$97M	$104M	$124M	$128M	$124M	$33M
Gross Profit	$94M	$38M	$91M	$52M	$102M	$108M	$143M	$195M
Gross Margin	51.5%	29.4%	48.4%	33.4%	45.2%	45.9%	53.6%	85.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$11M	$10M	$11M	$11M	$22M	$23M	$23M	$26M
Operating Expenses	$51M	$70M	$53M	$48M	$63M	$52M	$56M	$14M
Operating Income	$43M	-$32M	$38M	$4M	$39M	$56M	$87M	$181M
Operating Margin	23.5%	-24.5%	20.1%	2.7%	17.4%	23.9%	32.5%	79.4%
Interest Expense	$88M	$92M	$97M	$104M	$124M	$128M	$124M	$127M
Income Before Tax	$43M	-$32M	$38M	$4M	$39M	$56M	$87M	$53M
Tax Expense	$2M	-$2M	$648K	-$161K	-$298K	-$44K	$159K	$13K
Net Income	$43M	-$31M	$42M	$9M	$45M	$54M	$49M	$55M
Net Margin	23.6%	-24.2%	22.5%	5.4%	19.8%	22.7%	18.2%	24.2%
EPS (Diluted)	$0.36	$-0.46	$0.33	$-0.04	$0.36	$0.45	$0.40	$0.47
EBITDA	$57M	-$19M	$48M	$14M	$50M	$65M	$97M	$185M
Shares Outstanding	91M	91M	91M	90M	92M	92M	92M	92M

ADAMH NASDAQ

Income Trends

Profit Margins

Year-over-Year Growth

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