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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Snail, Inc. (SNAL). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $25.1M, roughly 1.7× Snail, Inc.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -3.4%, a 127.4% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -4.2%). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 33.4%).
Suzhou Snail Digital Technology Co., Ltd., doing business as Snail, is a Chinese video game company and a Virtual Network Operator headquartered in Suzhou, China, which has branches Snail Games and Snail Mobile. Its division, Snail USA, markets Snail Games products in North America, South America, & Europe. Snail Games products include massively multiplayer online (MMOs), real-time strategy (RTS), and casual games. Its global registered user base has reached over 70 million accounts. The U.S....
ADAM vs SNAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $25.1M |
| Net Profit | $53.5M | $-862.2K |
| Gross Margin | — | 38.3% |
| Operating Margin | — | -6.0% |
| Net Margin | 124.0% | -3.4% |
| Revenue YoY | 61.6% | -4.2% |
| Net Profit YoY | 270.5% | -177.0% |
| 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 | $25.1M | ||
| Q3 25 | $36.6M | $13.8M | ||
| Q2 25 | $36.4M | $22.2M | ||
| Q1 25 | $33.1M | $20.1M | ||
| Q4 24 | $26.7M | $26.2M | ||
| Q3 24 | $20.2M | $22.5M | ||
| Q2 24 | $19.0M | $21.6M | ||
| Q1 24 | $17.9M | $14.1M |
| Q4 25 | $53.5M | $-862.2K | ||
| Q3 25 | $44.8M | $-7.9M | ||
| Q2 25 | $8.5M | $-16.6M | ||
| Q1 25 | $42.2M | $-1.9M | ||
| Q4 24 | $-31.4M | $1.1M | ||
| Q3 24 | $42.8M | $235.1K | ||
| Q2 24 | $-15.6M | $2.3M | ||
| Q1 24 | $-57.9M | $-1.8M |
| Q4 25 | — | 38.3% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 31.3% | ||
| Q1 25 | — | 29.1% | ||
| Q4 24 | — | 43.3% | ||
| Q3 24 | — | 38.6% | ||
| Q2 24 | — | 37.5% | ||
| Q1 24 | — | 14.7% |
| Q4 25 | — | -6.0% | ||
| Q3 25 | — | -71.3% | ||
| Q2 25 | 11.7% | -8.2% | ||
| Q1 25 | — | -20.4% | ||
| Q4 24 | -119.0% | 11.5% | ||
| Q3 24 | — | 1.8% | ||
| Q2 24 | -124.7% | 12.4% | ||
| Q1 24 | -448.8% | -15.6% |
| Q4 25 | 124.0% | -3.4% | ||
| Q3 25 | 122.5% | -56.9% | ||
| Q2 25 | 23.4% | -74.7% | ||
| Q1 25 | 127.4% | -9.7% | ||
| Q4 24 | -117.5% | 4.3% | ||
| Q3 24 | 211.7% | 1.0% | ||
| Q2 24 | -81.9% | 10.4% | ||
| Q1 24 | -324.1% | -12.6% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $-0.04 | $-0.44 | ||
| Q1 25 | $0.33 | $-0.06 | ||
| Q4 24 | $-0.46 | $0.03 | ||
| Q3 24 | $0.36 | $0.01 | ||
| Q2 24 | $-0.29 | $0.06 | ||
| Q1 24 | $-0.75 | $-0.05 |
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 | $8.6M |
| Total DebtLower is stronger | $735.8M | $14.6M |
| Stockholders' EquityBook value | $1.4B | $-16.4M |
| Total Assets | $12.6B | $59.3M |
| Debt / EquityLower = less leverage | 0.52× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $8.6M | ||
| Q3 25 | $185.3M | $12.3M | ||
| Q2 25 | $160.4M | $7.9M | ||
| Q1 25 | $177.1M | $9.4M | ||
| Q4 24 | $167.4M | $7.3M | ||
| Q3 24 | $195.1M | $10.6M | ||
| Q2 24 | $235.5M | $15.5M | ||
| Q1 24 | $226.9M | $16.1M |
| Q4 25 | $735.8M | $14.6M | ||
| Q3 25 | $766.6M | $10.5M | ||
| Q2 25 | $653.0M | $11.8M | ||
| Q1 25 | $654.4M | $9.0M | ||
| Q4 24 | $573.2M | $5.7M | ||
| Q3 24 | $699.4M | $5.7M | ||
| Q2 24 | $800.7M | $5.8M | ||
| Q1 24 | $1.0B | $6.5M |
| Q4 25 | $1.4B | $-16.4M | ||
| Q3 25 | $1.4B | $-15.6M | ||
| Q2 25 | $1.4B | $-8.0M | ||
| Q1 25 | $1.4B | $9.1M | ||
| Q4 24 | $1.4B | $9.7M | ||
| Q3 24 | $1.4B | $8.2M | ||
| Q2 24 | $1.4B | $7.9M | ||
| Q1 24 | $1.5B | $5.6M |
| Q4 25 | $12.6B | $59.3M | ||
| Q3 25 | $12.4B | $51.1M | ||
| Q2 25 | $10.6B | $58.0M | ||
| Q1 25 | $10.0B | $64.5M | ||
| Q4 24 | $9.2B | $62.2M | ||
| Q3 24 | $8.9B | $66.8M | ||
| Q2 24 | $8.2B | $75.4M | ||
| Q1 24 | $7.4B | $78.3M |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | — | ||
| Q2 25 | 0.47× | — | ||
| Q1 25 | 0.47× | 0.99× | ||
| Q4 24 | 0.41× | 0.59× | ||
| Q3 24 | 0.48× | 0.70× | ||
| Q2 24 | 0.56× | 0.73× | ||
| Q1 24 | 0.67× | 1.16× |
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 | $-5.3M |
| Free Cash FlowOCF − Capex | $125.9M | — |
| FCF MarginFCF / Revenue | 291.6% | — |
| Capex IntensityCapex / Revenue | 18.9% | — |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $-5.3M | ||
| Q3 25 | $6.9M | $6.6M | ||
| Q2 25 | $39.2M | $-3.2M | ||
| Q1 25 | $25.8M | $764.5K | ||
| Q4 24 | $14.1M | $-3.6M | ||
| Q3 24 | $-922.0K | $-5.0M | ||
| Q2 24 | $-993.0K | $206.6K | ||
| Q1 24 | $-13.1M | $6.8M |
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-10.6M | — | ||
| Q3 24 | $-8.6M | — | ||
| Q2 24 | $-8.6M | — | ||
| Q1 24 | $-19.1M | — |
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -39.6% | — | ||
| Q3 24 | -42.3% | — | ||
| Q2 24 | -44.9% | — | ||
| Q1 24 | -107.0% | — |
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 92.3% | — | ||
| Q3 24 | 37.7% | — | ||
| Q2 24 | 39.7% | — | ||
| Q1 24 | 33.5% | — |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | -3.21× | ||
| Q3 24 | -0.02× | -21.05× | ||
| Q2 24 | — | 0.09× | ||
| 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% |
SNAL
| Pc | $14.7M | 59% |
| Platform Three | $5.2M | 21% |
| Platform Two | $3.3M | 13% |
| Sales Channel Directly To Consumer Mobile Sale | $1.6M | 6% |
