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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and LIVEPERSON INC (LPSN). Click either name above to swap in a different company.
LIVEPERSON INC is the larger business by last-quarter revenue ($59.3M vs $43.2M, roughly 1.4× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -77.8%, a 201.7% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -19.0%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-12.0M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs -16.6%).
LivePerson is a global technology company that develops conversational commerce and AI software.
ADAM vs LPSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $59.3M |
| Net Profit | $53.5M | $-46.1M |
| Gross Margin | — | 73.2% |
| Operating Margin | — | -68.7% |
| Net Margin | 124.0% | -77.8% |
| Revenue YoY | 61.6% | -19.0% |
| Net Profit YoY | 270.5% | 58.9% |
| EPS (diluted) | $0.45 | $-9.22 |
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 | $59.3M | ||
| Q3 25 | $36.6M | $60.2M | ||
| Q2 25 | $36.4M | $59.6M | ||
| Q1 25 | $33.1M | $64.7M | ||
| Q4 24 | $26.7M | $73.2M | ||
| Q3 24 | $20.2M | $74.2M | ||
| Q2 24 | $19.0M | $79.9M | ||
| Q1 24 | $17.9M | $85.1M |
| Q4 25 | $53.5M | $-46.1M | ||
| Q3 25 | $44.8M | $8.7M | ||
| Q2 25 | $8.5M | $-15.7M | ||
| Q1 25 | $42.2M | $-14.1M | ||
| Q4 24 | $-31.4M | $-112.1M | ||
| Q3 24 | $42.8M | $-28.3M | ||
| Q2 24 | $-15.6M | $41.8M | ||
| Q1 24 | $-57.9M | $-35.6M |
| Q4 25 | — | 73.2% | ||
| Q3 25 | — | 71.4% | ||
| Q2 25 | — | 69.7% | ||
| Q1 25 | — | 71.8% | ||
| Q4 24 | — | 77.4% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 79.4% | ||
| Q1 24 | — | 71.3% |
| Q4 25 | — | -68.7% | ||
| Q3 25 | — | -24.2% | ||
| Q2 25 | 11.7% | -10.8% | ||
| Q1 25 | — | -26.2% | ||
| Q4 24 | -119.0% | -138.0% | ||
| Q3 24 | — | -21.6% | ||
| Q2 24 | -124.7% | -37.3% | ||
| Q1 24 | -448.8% | -42.7% |
| Q4 25 | 124.0% | -77.8% | ||
| Q3 25 | 122.5% | 14.5% | ||
| Q2 25 | 23.4% | -26.4% | ||
| Q1 25 | 127.4% | -21.8% | ||
| Q4 24 | -117.5% | -153.2% | ||
| Q3 24 | 211.7% | -38.1% | ||
| Q2 24 | -81.9% | 52.3% | ||
| Q1 24 | -324.1% | -41.8% |
| Q4 25 | $0.45 | $-9.22 | ||
| Q3 25 | $0.36 | $-2.76 | ||
| Q2 25 | $-0.04 | $-0.17 | ||
| Q1 25 | $0.33 | $-0.24 | ||
| Q4 24 | $-0.46 | $-17.23 | ||
| Q3 24 | $0.36 | $-4.74 | ||
| Q2 24 | $-0.29 | $-0.33 | ||
| Q1 24 | $-0.75 | $-0.40 |
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 | $95.0M |
| Total DebtLower is stronger | $735.8M | — |
| Stockholders' EquityBook value | $1.4B | $-44.5M |
| Total Assets | $12.6B | $454.7M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $95.0M | ||
| Q3 25 | $185.3M | $106.7M | ||
| Q2 25 | $160.4M | $162.0M | ||
| Q1 25 | $177.1M | $176.3M | ||
| Q4 24 | $167.4M | $183.2M | ||
| Q3 24 | $195.1M | $142.1M | ||
| Q2 24 | $235.5M | $146.0M | ||
| Q1 24 | $226.9M | $127.1M |
| 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 | $512.1M |
| Q4 25 | $1.4B | $-44.5M | ||
| Q3 25 | $1.4B | $-22.1M | ||
| Q2 25 | $1.4B | $-82.4M | ||
| Q1 25 | $1.4B | $-74.9M | ||
| Q4 24 | $1.4B | $-67.3M | ||
| Q3 24 | $1.4B | $45.9M | ||
| Q2 24 | $1.4B | $66.6M | ||
| Q1 24 | $1.5B | $19.2M |
| Q4 25 | $12.6B | $454.7M | ||
| Q3 25 | $12.4B | $511.4M | ||
| Q2 25 | $10.6B | $604.2M | ||
| Q1 25 | $10.0B | $596.2M | ||
| Q4 24 | $9.2B | $607.8M | ||
| Q3 24 | $8.9B | $692.0M | ||
| Q2 24 | $8.2B | $703.8M | ||
| Q1 24 | $7.4B | $724.7M |
| 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× | 26.69× |
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 | $-9.7M |
| Free Cash FlowOCF − Capex | $125.9M | $-12.0M |
| FCF MarginFCF / Revenue | 291.6% | -20.2% |
| Capex IntensityCapex / Revenue | 18.9% | 3.9% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $-9.7M | ||
| Q3 25 | $6.9M | $-6.0M | ||
| Q2 25 | $39.2M | $-11.7M | ||
| Q1 25 | $25.8M | $-3.1M | ||
| Q4 24 | $14.1M | $-3.1M | ||
| Q3 24 | $-922.0K | $4.8M | ||
| Q2 24 | $-993.0K | $-17.9M | ||
| Q1 24 | $-13.1M | $1.1M |
| Q4 25 | $125.9M | $-12.0M | ||
| Q3 25 | — | $-8.9M | ||
| Q2 25 | — | $-14.8M | ||
| Q1 25 | — | $-6.9M | ||
| Q4 24 | $-10.6M | $-6.8M | ||
| Q3 24 | $-8.6M | $-230.0K | ||
| Q2 24 | $-8.6M | $-22.9M | ||
| Q1 24 | $-19.1M | $-10.4M |
| Q4 25 | 291.6% | -20.2% | ||
| Q3 25 | — | -14.8% | ||
| Q2 25 | — | -24.9% | ||
| Q1 25 | — | -10.6% | ||
| Q4 24 | -39.6% | -9.2% | ||
| Q3 24 | -42.3% | -0.3% | ||
| Q2 24 | -44.9% | -28.7% | ||
| Q1 24 | -107.0% | -12.2% |
| Q4 25 | 18.9% | 3.9% | ||
| Q3 25 | — | 4.8% | ||
| Q2 25 | — | 5.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | 92.3% | 5.0% | ||
| Q3 24 | 37.7% | 6.8% | ||
| Q2 24 | 39.7% | 6.2% | ||
| Q1 24 | 33.5% | 13.5% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | -0.69× | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -0.02× | — | ||
| Q2 24 | — | -0.43× | ||
| Q1 24 | — | — |
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% |
LPSN
| Hosted Services Business | $51.0M | 86% |
| Professional Services | $8.3M | 14% |
