Adamas Trust, Inc. (ADAM) Q4 2025 Earnings Call Transcript

SA Transcripts158.5K FollowersFollow5ShareSaveCommentsQ4: 2026-02-18 Earnings SummaryInsightsTranscript InsightsPlay CallPlay CallEPS of $0.23 misses by $0.02 | Revenue of $43.17M (61.62% Y/Y) misses by $4.36M Adamas Trust, Inc. (ADAM) Q4 2025 Earnings Call February 19, 2026 9:00 AM EST Company Participants Kristi Mussallem - Assistant Vice President of Investor RelationsJason Serrano - CEO & DirectorNicholas Mah - PresidentKristine Nario - Secretary, CFO & Principal Accounting Officer Conference Call Participants Marissa LoboFrancesco Labetti - Keefe, Bruyette, & Woods, Inc., Research DivisionMatthew Erdner - JonesTrading Institutional Services, LLC, Research DivisionTimothy D'Agostino - B. Riley Securities, Inc., Research Division Presentation Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Adamas Trust Fourth Quarter 2025 Results Conference Call. [Operator Instructions] This conference is being recorded on Thursday, February 19, 2026. I would now like to turn the conference over to Kristi Mussallem, Investor Relations. Ma'am, please go ahead. Kristi MussallemAssistant Vice President of Investor Relations Good morning, and welcome to the Fourth Quarter 2025 Earnings Call for Adamas Trust. A press release and supplemental financial presentation with Adamas Trust's fourth quarter 2025 results was released yesterday. Both the press release and supplemental financial presentation are available on the company's website at www.adamasreit.com. Additionally, we are hosting a live webcast of today's call, which you can access in the Events and Presentations section of the company's website. At this time, management would like me to inform you that certain statements made during the conference call, which are not historical, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

Although Adamas Trust believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors and risks that could cause actual results to differ materially from expectations are detailed in yesterday's press release and from time to time in the company's filings with the