vs

Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and DoubleDown Interactive Co., Ltd. (DDI). Click either name above to swap in a different company.

DoubleDown Interactive Co., Ltd. is the larger business by last-quarter revenue ($83.0M vs $43.2M, roughly 1.9× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 30.2%, a 93.8% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 13.7%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $31.6M).

ADAM vs DDI — Head-to-Head

Bigger by revenue
DDI
DDI
1.9× larger
DDI
$83.0M
$43.2M
ADAM
Growing faster (revenue YoY)
ADAM
ADAM
+47.9% gap
ADAM
61.6%
13.7%
DDI
Higher net margin
ADAM
ADAM
93.8% more per $
ADAM
124.0%
30.2%
DDI
More free cash flow
ADAM
ADAM
$94.3M more FCF
ADAM
$125.9M
$31.6M
DDI

Income Statement — Q4 FY2025 vs Q3 FY2024

Metric
ADAM
ADAM
DDI
DDI
Revenue
$43.2M
$83.0M
Net Profit
$53.5M
$25.0M
Gross Margin
70.1%
Operating Margin
42.5%
Net Margin
124.0%
30.2%
Revenue YoY
61.6%
13.7%
Net Profit YoY
270.5%
-7.0%
EPS (diluted)
$0.45
$10.11

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADAM
ADAM
DDI
DDI
Q4 25
$43.2M
Q3 25
$36.6M
Q2 25
$36.4M
Q1 25
$33.1M
Q4 24
$26.7M
Q3 24
$20.2M
$83.0M
Q2 24
$19.0M
$88.2M
Q1 24
$17.9M
$88.1M
Net Profit
ADAM
ADAM
DDI
DDI
Q4 25
$53.5M
Q3 25
$44.8M
Q2 25
$8.5M
Q1 25
$42.2M
Q4 24
$-31.4M
Q3 24
$42.8M
$25.0M
Q2 24
$-15.6M
$33.2M
Q1 24
$-57.9M
$30.3M
Gross Margin
ADAM
ADAM
DDI
DDI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
70.1%
Q2 24
69.6%
Q1 24
68.9%
Operating Margin
ADAM
ADAM
DDI
DDI
Q4 25
Q3 25
Q2 25
11.7%
Q1 25
Q4 24
-119.0%
Q3 24
42.5%
Q2 24
-124.7%
41.0%
Q1 24
-448.8%
35.2%
Net Margin
ADAM
ADAM
DDI
DDI
Q4 25
124.0%
Q3 25
122.5%
Q2 25
23.4%
Q1 25
127.4%
Q4 24
-117.5%
Q3 24
211.7%
30.2%
Q2 24
-81.9%
37.6%
Q1 24
-324.1%
34.4%
EPS (diluted)
ADAM
ADAM
DDI
DDI
Q4 25
$0.45
Q3 25
$0.36
Q2 25
$-0.04
Q1 25
$0.33
Q4 24
$-0.46
Q3 24
$0.36
$10.11
Q2 24
$-0.29
$13.39
Q1 24
$-0.75
$12.23

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADAM
ADAM
DDI
DDI
Cash + ST InvestmentsLiquidity on hand
$210.3M
$372.7M
Total DebtLower is stronger
$735.8M
$37.9M
Stockholders' EquityBook value
$1.4B
$815.5M
Total Assets
$12.6B
$879.8M
Debt / EquityLower = less leverage
0.52×
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADAM
ADAM
DDI
DDI
Q4 25
$210.3M
Q3 25
$185.3M
Q2 25
$160.4M
Q1 25
$177.1M
Q4 24
$167.4M
Q3 24
$195.1M
$372.7M
Q2 24
$235.5M
$339.2M
Q1 24
$226.9M
$309.5M
Total Debt
ADAM
ADAM
DDI
DDI
Q4 25
$735.8M
Q3 25
$766.6M
Q2 25
$653.0M
Q1 25
$654.4M
Q4 24
$573.2M
Q3 24
$699.4M
$37.9M
Q2 24
$800.7M
$36.0M
Q1 24
$1.0B
$37.1M
Stockholders' Equity
ADAM
ADAM
DDI
DDI
Q4 25
$1.4B
Q3 25
$1.4B
Q2 25
$1.4B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
$815.5M
Q2 24
$1.4B
$786.2M
Q1 24
$1.5B
$755.2M
Total Assets
ADAM
ADAM
DDI
DDI
Q4 25
$12.6B
Q3 25
$12.4B
Q2 25
$10.6B
Q1 25
$10.0B
Q4 24
$9.2B
Q3 24
$8.9B
$879.8M
Q2 24
$8.2B
$852.6M
Q1 24
$7.4B
$831.0M
Debt / Equity
ADAM
ADAM
DDI
DDI
Q4 25
0.52×
Q3 25
0.55×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.41×
Q3 24
0.48×
0.05×
Q2 24
0.56×
0.05×
Q1 24
0.67×
0.05×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADAM
ADAM
DDI
DDI
Operating Cash FlowLast quarter
$134.0M
$31.8M
Free Cash FlowOCF − Capex
$125.9M
$31.6M
FCF MarginFCF / Revenue
291.6%
38.0%
Capex IntensityCapex / Revenue
18.9%
0.3%
Cash ConversionOCF / Net Profit
2.50×
1.27×
TTM Free Cash FlowTrailing 4 quarters
$129.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADAM
ADAM
DDI
DDI
Q4 25
$134.0M
Q3 25
$6.9M
Q2 25
$39.2M
Q1 25
$25.8M
Q4 24
$14.1M
Q3 24
$-922.0K
$31.8M
Q2 24
$-993.0K
$34.4M
Q1 24
$-13.1M
$34.9M
Free Cash Flow
ADAM
ADAM
DDI
DDI
Q4 25
$125.9M
Q3 25
Q2 25
Q1 25
Q4 24
$-10.6M
Q3 24
$-8.6M
$31.6M
Q2 24
$-8.6M
$34.4M
Q1 24
$-19.1M
$34.9M
FCF Margin
ADAM
ADAM
DDI
DDI
Q4 25
291.6%
Q3 25
Q2 25
Q1 25
Q4 24
-39.6%
Q3 24
-42.3%
38.0%
Q2 24
-44.9%
39.0%
Q1 24
-107.0%
39.6%
Capex Intensity
ADAM
ADAM
DDI
DDI
Q4 25
18.9%
Q3 25
Q2 25
Q1 25
Q4 24
92.3%
Q3 24
37.7%
0.3%
Q2 24
39.7%
0.0%
Q1 24
33.5%
0.0%
Cash Conversion
ADAM
ADAM
DDI
DDI
Q4 25
2.50×
Q3 25
0.15×
Q2 25
4.59×
Q1 25
0.61×
Q4 24
Q3 24
-0.02×
1.27×
Q2 24
1.04×
Q1 24
1.15×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ADAM
ADAM

Other$19.6M45%
Constructive Loans LLC$14.4M33%
Multifamily$9.1M21%

DDI
DDI

Segment breakdown not available.

Related Comparisons