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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Hyperscale Data, Inc. (GPUS). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $26.9M, roughly 1.6× Hyperscale Data, Inc.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -112.0%, a 236.0% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 38.4%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-56.2M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -16.3%).
Hyperscale Data, Inc. provides GPU-accelerated computing infrastructure and cloud solutions tailored for AI development, big data processing, and high-performance computing workloads. It primarily serves AI startups, large technology firms, and cloud service providers across North America and the Asia-Pacific region, delivering scalable, high-efficiency computing resources to support complex data processing needs.
ADAM vs GPUS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $26.9M |
| Net Profit | $53.5M | $-30.1M |
| Gross Margin | — | 14.5% |
| Operating Margin | — | -117.8% |
| Net Margin | 124.0% | -112.0% |
| Revenue YoY | 61.6% | 38.4% |
| Net Profit YoY | 270.5% | -6670.3% |
| EPS (diluted) | $0.45 | — |
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.
| Q4 25 | $43.2M | $26.9M | ||
| Q3 25 | $36.6M | $24.3M | ||
| Q2 25 | $36.4M | $25.9M | ||
| Q1 25 | $33.1M | $25.0M | ||
| Q4 24 | $26.7M | $19.4M | ||
| Q3 24 | $20.2M | $31.1M | ||
| Q2 24 | $19.0M | $17.8M | ||
| Q1 24 | $17.9M | $38.4M |
| Q4 25 | $53.5M | $-30.1M | ||
| Q3 25 | $44.8M | $-13.0M | ||
| Q2 25 | $8.5M | $-19.1M | ||
| Q1 25 | $42.2M | $-4.2M | ||
| Q4 24 | $-31.4M | $-445.0K | ||
| Q3 24 | $42.8M | $-25.5M | ||
| Q2 24 | $-15.6M | $-33.9M | ||
| Q1 24 | $-57.9M | $3.7M |
| Q4 25 | — | 14.5% | ||
| Q3 25 | — | 25.8% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 21.1% | ||
| Q4 24 | — | 6.5% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | -21.3% | ||
| Q1 24 | — | 47.4% |
| Q4 25 | — | -117.8% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | 11.7% | -39.2% | ||
| Q1 25 | — | -25.5% | ||
| Q4 24 | -119.0% | -46.8% | ||
| Q3 24 | — | -79.2% | ||
| Q2 24 | -124.7% | -151.4% | ||
| Q1 24 | -448.8% | 9.5% |
| Q4 25 | 124.0% | -112.0% | ||
| Q3 25 | 122.5% | -53.5% | ||
| Q2 25 | 23.4% | -73.7% | ||
| Q1 25 | 127.4% | -16.8% | ||
| Q4 24 | -117.5% | -2.3% | ||
| Q3 24 | 211.7% | -82.3% | ||
| Q2 24 | -81.9% | -190.7% | ||
| Q1 24 | -324.1% | 9.7% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | $-0.39 | ||
| Q2 25 | $-0.04 | $-2.66 | ||
| Q1 25 | $0.33 | — | ||
| Q4 24 | $-0.46 | $-8.78 | ||
| Q3 24 | $0.36 | $-24.82 | ||
| Q2 24 | $-0.29 | $-37.81 | ||
| Q1 24 | $-0.75 | $3.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $210.3M | $13.1M |
| Total DebtLower is stronger | $735.8M | $83.1M |
| Stockholders' EquityBook value | $1.4B | $119.8M |
| Total Assets | $12.6B | $313.7M |
| Debt / EquityLower = less leverage | 0.52× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $13.1M | ||
| Q3 25 | $185.3M | $24.8M | ||
| Q2 25 | $160.4M | $5.9M | ||
| Q1 25 | $177.1M | $4.2M | ||
| Q4 24 | $167.4M | $4.5M | ||
| Q3 24 | $195.1M | $7.9M | ||
| Q2 24 | $235.5M | $9.6M | ||
| Q1 24 | $226.9M | $18.9M |
| Q4 25 | $735.8M | $83.1M | ||
| Q3 25 | $766.6M | $80.0M | ||
| Q2 25 | $653.0M | $88.5M | ||
| Q1 25 | $654.4M | $92.8M | ||
| Q4 24 | $573.2M | $96.7M | ||
| Q3 24 | $699.4M | $104.8M | ||
| Q2 24 | $800.7M | $106.8M | ||
| Q1 24 | $1.0B | $30.0M |
| Q4 25 | $1.4B | $119.8M | ||
| Q3 25 | $1.4B | $55.9M | ||
| Q2 25 | $1.4B | $5.5M | ||
| Q1 25 | $1.4B | $6.3M | ||
| Q4 24 | $1.4B | $8.6M | ||
| Q3 24 | $1.4B | $2.7M | ||
| Q2 24 | $1.4B | $26.7M | ||
| Q1 24 | $1.5B | $59.0M |
| Q4 25 | $12.6B | $313.7M | ||
| Q3 25 | $12.4B | $242.4M | ||
| Q2 25 | $10.6B | $213.5M | ||
| Q1 25 | $10.0B | $218.5M | ||
| Q4 24 | $9.2B | $220.8M | ||
| Q3 24 | $8.9B | $231.5M | ||
| Q2 24 | $8.2B | $270.8M | ||
| Q1 24 | $7.4B | $299.8M |
| Q4 25 | 0.52× | 0.69× | ||
| Q3 25 | 0.55× | 1.43× | ||
| Q2 25 | 0.47× | 16.06× | ||
| Q1 25 | 0.47× | 14.71× | ||
| Q4 24 | 0.41× | 11.19× | ||
| Q3 24 | 0.48× | 38.41× | ||
| Q2 24 | 0.56× | 4.00× | ||
| Q1 24 | 0.67× | 0.51× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $134.0M | $-37.7M |
| Free Cash FlowOCF − Capex | $125.9M | $-56.2M |
| FCF MarginFCF / Revenue | 291.6% | -208.7% |
| Capex IntensityCapex / Revenue | 18.9% | 68.6% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-87.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $-37.7M | ||
| Q3 25 | $6.9M | $-17.8M | ||
| Q2 25 | $39.2M | $-3.1M | ||
| Q1 25 | $25.8M | $-4.0M | ||
| Q4 24 | $14.1M | $-9.2M | ||
| Q3 24 | $-922.0K | $3.7M | ||
| Q2 24 | $-993.0K | $-3.7M | ||
| Q1 24 | $-13.1M | $-10.2M |
| Q4 25 | $125.9M | $-56.2M | ||
| Q3 25 | — | $-20.6M | ||
| Q2 25 | — | $-3.5M | ||
| Q1 25 | — | $-6.8M | ||
| Q4 24 | $-10.6M | $-9.3M | ||
| Q3 24 | $-8.6M | $2.6M | ||
| Q2 24 | $-8.6M | $-5.9M | ||
| Q1 24 | $-19.1M | $-11.6M |
| Q4 25 | 291.6% | -208.7% | ||
| Q3 25 | — | -84.5% | ||
| Q2 25 | — | -13.5% | ||
| Q1 25 | — | -27.3% | ||
| Q4 24 | -39.6% | -47.6% | ||
| Q3 24 | -42.3% | 8.4% | ||
| Q2 24 | -44.9% | -33.4% | ||
| Q1 24 | -107.0% | -30.3% |
| Q4 25 | 18.9% | 68.6% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | 1.5% | ||
| Q1 25 | — | 11.5% | ||
| Q4 24 | 92.3% | 0.3% | ||
| Q3 24 | 37.7% | 3.6% | ||
| Q2 24 | 39.7% | 12.6% | ||
| Q1 24 | 33.5% | 3.7% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -2.75× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADAM
| Other | $19.6M | 45% |
| Constructive Loans LLC | $14.4M | 33% |
| Multifamily | $9.1M | 21% |
GPUS
| Transferred Over Time | $10.4M | 39% |
| Revenue From Mined Crypto Assets At Sentinum Owned And Operated Facilities | $5.8M | 21% |
| Hotel And Real Estate Operations | $4.8M | 18% |
| Other | $4.0M | 15% |
| Turn On Green | $2.0M | 7% |
