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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and GOLD RESOURCE CORP (GORO). Click either name above to swap in a different company.

GOLD RESOURCE CORP is the larger business by last-quarter revenue ($51.3M vs $43.2M, roughly 1.2× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 35.1%, a 88.9% gap on every dollar of revenue. On growth, GOLD RESOURCE CORP posted the faster year-over-year revenue change (295.5% vs 61.6%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $15.3M). Over the past eight quarters, GOLD RESOURCE CORP's revenue compounded faster (65.6% CAGR vs 55.5%).

Gold Springs Resource Corp is a Canadian company that is pursuing the development of the Gold Springs gold-silver mine on the border of Utah and Nevada in the United States. Headquartered in Vancouver, the company is listed on the Toronto Stock Exchange in Canada and the OTCQX market exchange in the US. The company was founded in 2006 as the South American Silver Corporation, an equity carve-out of the General Minerals Corporation, to pursue exploration and development of the Malku Khota and ...

ADAM vs GORO — Head-to-Head

Bigger by revenue
GORO
GORO
1.2× larger
GORO
$51.3M
$43.2M
ADAM
Growing faster (revenue YoY)
GORO
GORO
+233.9% gap
GORO
295.5%
61.6%
ADAM
Higher net margin
ADAM
ADAM
88.9% more per $
ADAM
124.0%
35.1%
GORO
More free cash flow
ADAM
ADAM
$110.6M more FCF
ADAM
$125.9M
$15.3M
GORO
Faster 2-yr revenue CAGR
GORO
GORO
Annualised
GORO
65.6%
55.5%
ADAM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADAM
ADAM
GORO
GORO
Revenue
$43.2M
$51.3M
Net Profit
$53.5M
$18.0M
Gross Margin
51.5%
Operating Margin
38.9%
Net Margin
124.0%
35.1%
Revenue YoY
61.6%
295.5%
Net Profit YoY
270.5%
261.6%
EPS (diluted)
$0.45
$0.14

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
GORO
GORO
Q4 25
$43.2M
$51.3M
Q3 25
$36.6M
$24.9M
Q2 25
$36.4M
$11.2M
Q1 25
$33.1M
$12.4M
Q4 24
$26.7M
$13.0M
Q3 24
$20.2M
$13.3M
Q2 24
$19.0M
$20.8M
Q1 24
$17.9M
$18.7M
Net Profit
ADAM
ADAM
GORO
GORO
Q4 25
$53.5M
$18.0M
Q3 25
$44.8M
$-4.7M
Q2 25
$8.5M
$-11.5M
Q1 25
$42.2M
$-8.3M
Q4 24
$-31.4M
$-11.1M
Q3 24
$42.8M
$-12.7M
Q2 24
$-15.6M
$-27.0M
Q1 24
$-57.9M
$-5.7M
Gross Margin
ADAM
ADAM
GORO
GORO
Q4 25
51.5%
Q3 25
25.0%
Q2 25
-39.4%
Q1 25
-11.8%
Q4 24
-46.7%
Q3 24
-65.3%
Q2 24
-17.3%
Q1 24
-11.6%
Operating Margin
ADAM
ADAM
GORO
GORO
Q4 25
38.9%
Q3 25
-14.9%
Q2 25
11.7%
-102.4%
Q1 25
-63.1%
Q4 24
-119.0%
-96.9%
Q3 24
-122.7%
Q2 24
-124.7%
-52.1%
Q1 24
-448.8%
-40.4%
Net Margin
ADAM
ADAM
GORO
GORO
Q4 25
124.0%
35.1%
Q3 25
122.5%
-18.7%
Q2 25
23.4%
-102.3%
Q1 25
127.4%
-67.3%
Q4 24
-117.5%
-85.9%
Q3 24
211.7%
-95.5%
Q2 24
-81.9%
-129.9%
Q1 24
-324.1%
-30.4%
EPS (diluted)
ADAM
ADAM
GORO
GORO
Q4 25
$0.45
$0.14
Q3 25
$0.36
$-0.03
Q2 25
$-0.04
$-0.09
Q1 25
$0.33
$-0.07
Q4 24
$-0.46
$-0.11
Q3 24
$0.36
$-0.14
Q2 24
$-0.29
$-0.30
Q1 24
$-0.75
$-0.06

Balance Sheet & Financial Strength

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

Metric
ADAM
ADAM
GORO
GORO
Cash + ST InvestmentsLiquidity on hand
$210.3M
$25.0M
Total DebtLower is stronger
$735.8M
Stockholders' EquityBook value
$1.4B
$44.0M
Total Assets
$12.6B
$184.1M
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADAM
ADAM
GORO
GORO
Q4 25
$210.3M
$25.0M
Q3 25
$185.3M
$9.8M
Q2 25
$160.4M
$12.7M
Q1 25
$177.1M
$4.9M
Q4 24
$167.4M
$1.6M
Q3 24
$195.1M
$1.4M
Q2 24
$235.5M
$5.3M
Q1 24
$226.9M
$5.7M
Total Debt
ADAM
ADAM
GORO
GORO
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
GORO
GORO
Q4 25
$1.4B
$44.0M
Q3 25
$1.4B
$26.0M
Q2 25
$1.4B
$19.2M
Q1 25
$1.4B
$24.6M
Q4 24
$1.4B
$27.3M
Q3 24
$1.4B
$37.9M
Q2 24
$1.4B
$49.8M
Q1 24
$1.5B
$74.9M
Total Assets
ADAM
ADAM
GORO
GORO
Q4 25
$12.6B
$184.1M
Q3 25
$12.4B
$164.3M
Q2 25
$10.6B
$155.1M
Q1 25
$10.0B
$147.7M
Q4 24
$9.2B
$145.9M
Q3 24
$8.9B
$154.5M
Q2 24
$8.2B
$161.5M
Q1 24
$7.4B
$182.8M
Debt / Equity
ADAM
ADAM
GORO
GORO
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
GORO
GORO
Operating Cash FlowLast quarter
$134.0M
$24.2M
Free Cash FlowOCF − Capex
$125.9M
$15.3M
FCF MarginFCF / Revenue
291.6%
29.8%
Capex IntensityCapex / Revenue
18.9%
17.3%
Cash ConversionOCF / Net Profit
2.50×
1.34×
TTM Free Cash FlowTrailing 4 quarters
$644.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADAM
ADAM
GORO
GORO
Q4 25
$134.0M
$24.2M
Q3 25
$6.9M
$-325.0K
Q2 25
$39.2M
$-1.3M
Q1 25
$25.8M
$-828.0K
Q4 24
$14.1M
$1.3M
Q3 24
$-922.0K
$-3.4M
Q2 24
$-993.0K
$-63.0K
Q1 24
$-13.1M
$1.5M
Free Cash Flow
ADAM
ADAM
GORO
GORO
Q4 25
$125.9M
$15.3M
Q3 25
$-7.8M
Q2 25
$-3.8M
Q1 25
$-3.0M
Q4 24
$-10.6M
$58.0K
Q3 24
$-8.6M
$-5.7M
Q2 24
$-8.6M
$-2.1M
Q1 24
$-19.1M
$-512.0K
FCF Margin
ADAM
ADAM
GORO
GORO
Q4 25
291.6%
29.8%
Q3 25
-31.3%
Q2 25
-34.2%
Q1 25
-24.4%
Q4 24
-39.6%
0.4%
Q3 24
-42.3%
-43.1%
Q2 24
-44.9%
-10.0%
Q1 24
-107.0%
-2.7%
Capex Intensity
ADAM
ADAM
GORO
GORO
Q4 25
18.9%
17.3%
Q3 25
30.0%
Q2 25
22.6%
Q1 25
17.7%
Q4 24
92.3%
9.8%
Q3 24
37.7%
17.7%
Q2 24
39.7%
9.7%
Q1 24
33.5%
10.7%
Cash Conversion
ADAM
ADAM
GORO
GORO
Q4 25
2.50×
1.34×
Q3 25
0.15×
Q2 25
4.59×
Q1 25
0.61×
Q4 24
Q3 24
-0.02×
Q2 24
Q1 24

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%

GORO
GORO

Segment breakdown not available.

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