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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Datavault AI Inc. (DVLT). Click either name above to swap in a different company.

ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $33.8M, roughly 1.3× Datavault AI Inc.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 2.0%, a 122.0% gap on every dollar of revenue. On growth, Datavault AI Inc. posted the faster year-over-year revenue change (3649.6% vs 61.6%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-734.0K). Over the past eight quarters, Datavault AI Inc.'s revenue compounded faster (1051.7% CAGR vs 55.5%).

Datavault AI Inc develops AI-powered data management and integration solutions, serving enterprise clients across the United States and North America. Its offerings help organizations unify disparate data assets, streamline analytics workflows, and accelerate machine learning model development and deployment.

ADAM vs DVLT — Head-to-Head

Bigger by revenue
ADAM
ADAM
1.3× larger
ADAM
$43.2M
$33.8M
DVLT
Growing faster (revenue YoY)
DVLT
DVLT
+3587.9% gap
DVLT
3649.6%
61.6%
ADAM
Higher net margin
ADAM
ADAM
122.0% more per $
ADAM
124.0%
2.0%
DVLT
More free cash flow
ADAM
ADAM
$126.6M more FCF
ADAM
$125.9M
$-734.0K
DVLT
Faster 2-yr revenue CAGR
DVLT
DVLT
Annualised
DVLT
1051.7%
55.5%
ADAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADAM
ADAM
DVLT
DVLT
Revenue
$43.2M
$33.8M
Net Profit
$53.5M
$661.0K
Gross Margin
89.3%
Operating Margin
12.3%
Net Margin
124.0%
2.0%
Revenue YoY
61.6%
3649.6%
Net Profit YoY
270.5%
110.4%
EPS (diluted)
$0.45
$0.53

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
DVLT
DVLT
Q4 25
$43.2M
$33.8M
Q3 25
$36.6M
$2.9M
Q2 25
$36.4M
$1.7M
Q1 25
$33.1M
$629.0K
Q4 24
$26.7M
$902.0K
Q3 24
$20.2M
$1.2M
Q2 24
$19.0M
$345.0K
Q1 24
$17.9M
$255.0K
Net Profit
ADAM
ADAM
DVLT
DVLT
Q4 25
$53.5M
$661.0K
Q3 25
$44.8M
$-33.0M
Q2 25
$8.5M
$-37.1M
Q1 25
$42.2M
$-9.6M
Q4 24
$-31.4M
Q3 24
$42.8M
$-5.1M
Q2 24
$-15.6M
$-42.7M
Q1 24
$-57.9M
$2.7M
Gross Margin
ADAM
ADAM
DVLT
DVLT
Q4 25
89.3%
Q3 25
3.3%
Q2 25
2.0%
Q1 25
11.0%
Q4 24
24.6%
Q3 24
19.3%
Q2 24
3.2%
Q1 24
Operating Margin
ADAM
ADAM
DVLT
DVLT
Q4 25
12.3%
Q3 25
-508.1%
Q2 25
11.7%
-718.1%
Q1 25
-1499.4%
Q4 24
-119.0%
Q3 24
-447.4%
Q2 24
-124.7%
-1566.7%
Q1 24
-448.8%
-1630.6%
Net Margin
ADAM
ADAM
DVLT
DVLT
Q4 25
124.0%
2.0%
Q3 25
122.5%
-1135.5%
Q2 25
23.4%
-2139.3%
Q1 25
127.4%
-1520.3%
Q4 24
-117.5%
Q3 24
211.7%
-434.5%
Q2 24
-81.9%
-12366.7%
Q1 24
-324.1%
1061.6%
EPS (diluted)
ADAM
ADAM
DVLT
DVLT
Q4 25
$0.45
$0.53
Q3 25
$0.36
$-0.33
Q2 25
$-0.04
$-0.54
Q1 25
$0.33
$-0.18
Q4 24
$-0.46
Q3 24
$0.36
$-1.39
Q2 24
$-0.29
$-11.89
Q1 24
$-0.75
$-5.35

Balance Sheet & Financial Strength

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

Metric
ADAM
ADAM
DVLT
DVLT
Cash + ST InvestmentsLiquidity on hand
$210.3M
$2.0M
Total DebtLower is stronger
$735.8M
Stockholders' EquityBook value
$1.4B
$238.0M
Total Assets
$12.6B
$274.7M
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADAM
ADAM
DVLT
DVLT
Q4 25
$210.3M
$2.0M
Q3 25
$185.3M
$1.7M
Q2 25
$160.4M
$662.0K
Q1 25
$177.1M
$171.0K
Q4 24
$167.4M
$3.3M
Q3 24
$195.1M
$3.9M
Q2 24
$235.5M
$6.1M
Q1 24
$226.9M
$2.8M
Total Debt
ADAM
ADAM
DVLT
DVLT
Q4 25
$735.8M
Q3 25
$766.6M
Q2 25
$653.0M
Q1 25
$654.4M
Q4 24
$573.2M
Q3 24
$699.4M
Q2 24
$800.7M
Q1 24
$1.0B
Stockholders' Equity
ADAM
ADAM
DVLT
DVLT
Q4 25
$1.4B
$238.0M
Q3 25
$1.4B
$99.5M
Q2 25
$1.4B
$74.1M
Q1 25
$1.4B
$81.7M
Q4 24
$1.4B
$85.7M
Q3 24
$1.4B
$4.3M
Q2 24
$1.4B
$6.4M
Q1 24
$1.5B
$-2.7M
Total Assets
ADAM
ADAM
DVLT
DVLT
Q4 25
$12.6B
$274.7M
Q3 25
$12.4B
$138.7M
Q2 25
$10.6B
$120.7M
Q1 25
$10.0B
$95.7M
Q4 24
$9.2B
$100.6M
Q3 24
$8.9B
$8.0M
Q2 24
$8.2B
$10.6M
Q1 24
$7.4B
$6.9M
Debt / Equity
ADAM
ADAM
DVLT
DVLT
Q4 25
0.52×
Q3 25
0.55×
Q2 25
0.47×
Q1 25
0.47×
Q4 24
0.41×
Q3 24
0.48×
Q2 24
0.56×
Q1 24
0.67×

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
DVLT
DVLT
Operating Cash FlowLast quarter
$134.0M
$-406.0K
Free Cash FlowOCF − Capex
$125.9M
$-734.0K
FCF MarginFCF / Revenue
291.6%
-2.2%
Capex IntensityCapex / Revenue
18.9%
1.0%
Cash ConversionOCF / Net Profit
2.50×
-0.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADAM
ADAM
DVLT
DVLT
Q4 25
$134.0M
$-406.0K
Q3 25
$6.9M
$-10.4M
Q2 25
$39.2M
$-6.8M
Q1 25
$25.8M
$-6.0M
Q4 24
$14.1M
$-17.5M
Q3 24
$-922.0K
$-4.2M
Q2 24
$-993.0K
$-5.5M
Q1 24
$-13.1M
$-3.5M
Free Cash Flow
ADAM
ADAM
DVLT
DVLT
Q4 25
$125.9M
$-734.0K
Q3 25
Q2 25
Q1 25
$-6.1M
Q4 24
$-10.6M
$-17.6M
Q3 24
$-8.6M
$-4.2M
Q2 24
$-8.6M
$-5.5M
Q1 24
$-19.1M
$-3.5M
FCF Margin
ADAM
ADAM
DVLT
DVLT
Q4 25
291.6%
-2.2%
Q3 25
Q2 25
Q1 25
-966.0%
Q4 24
-39.6%
-1946.9%
Q3 24
-42.3%
-361.7%
Q2 24
-44.9%
-1599.7%
Q1 24
-107.0%
-1390.6%
Capex Intensity
ADAM
ADAM
DVLT
DVLT
Q4 25
18.9%
1.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
8.3%
Q4 24
92.3%
3.9%
Q3 24
37.7%
0.7%
Q2 24
39.7%
4.1%
Q1 24
33.5%
2.4%
Cash Conversion
ADAM
ADAM
DVLT
DVLT
Q4 25
2.50×
-0.61×
Q3 25
0.15×
Q2 25
4.59×
Q1 25
0.61×
Q4 24
Q3 24
-0.02×
Q2 24
Q1 24
-1.31×

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%

DVLT
DVLT

Eos Technology Holdings Inc.$30.0M89%
Consumer Audio Products Components And Other Revenue Net$3.2M9%

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