Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 4

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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32,410 $59,501 $(61,953)

The accompanying notes are an integral part of the condensed consolidated financial statements.6

ADAMAS TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Dollar amounts in thousands)

(unaudited)For the Three Months EndedCommonStockPreferredStockAdditionalPaid-InCapitalAccumulated DeficitAccumulatedOtherComprehensive LossTotal Company's Stockholders' EquityNon-Controlling Interest in Consolidated VIEsTotalBalance, June 30, 2025$903 $539,414 $2,281,974 $(1,441,088)$— $1,381,203 $2,670 $1,383,873 Net income (loss) ($(4,241) allocated to redeemable non-controlling interest)— — — 44,820 — 44,820 (794)44,026 Preferred stock issuance, net— 1,058 — — — 1,058 — 1,058 Stock based compensation expense, net— — 2,439 — — 2,439 — 2,439 Dividends declared on common stock— — — (20,772)— (20,772)— (20,772)Dividends declared on preferred stock— — — (12,118)— (12,118)— (12,118)Dividends attributable to dividend equivalents— — — (644)— (644)— (644)Contributions of non-controlling interest in Consolidated VIEs— — — — — — 433 433 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (2,021)(2,021)Adjustment of redeemable non-controlling interest to estimated redemption value— — (5,209)— — (5,209)— (5,209)Balance, September 30, 2025$903 $540,472 $2,279,204 $(1,429,802)$— $1,390,777 $288 $1,391,065 

Balance, June 30,