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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Neuronetics, Inc. (STIM). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $41.8M, roughly 1.0× Neuronetics, Inc.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -17.2%, a 141.2% gap on every dollar of revenue. On growth, Neuronetics, Inc. posted the faster year-over-year revenue change (85.7% vs 61.6%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $692.0K). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 54.9%).
Neuronetics is a Malvern, PA based, publicly traded company incorporated in Delaware in April 2003, that develops non-invasive treatments for psychiatric disorders that have shown resistance or lack of improvement using traditional medicine. The treatments are based upon neuromodulation technology.
ADAM vs STIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $41.8M |
| Net Profit | $53.5M | $-7.2M |
| Gross Margin | — | 52.0% |
| Operating Margin | — | -12.1% |
| Net Margin | 124.0% | -17.2% |
| Revenue YoY | 61.6% | 85.7% |
| Net Profit YoY | 270.5% | 43.2% |
| EPS (diluted) | $0.45 | $-0.10 |
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 | $41.8M | ||
| Q3 25 | $36.6M | $37.3M | ||
| Q2 25 | $36.4M | $38.1M | ||
| Q1 25 | $33.1M | $32.0M | ||
| Q4 24 | $26.7M | $22.5M | ||
| Q3 24 | $20.2M | $18.5M | ||
| Q2 24 | $19.0M | $16.4M | ||
| Q1 24 | $17.9M | $17.4M |
| Q4 25 | $53.5M | $-7.2M | ||
| Q3 25 | $44.8M | $-9.0M | ||
| Q2 25 | $8.5M | $-10.1M | ||
| Q1 25 | $42.2M | $-12.7M | ||
| Q4 24 | $-31.4M | $-12.7M | ||
| Q3 24 | $42.8M | $-13.3M | ||
| Q2 24 | $-15.6M | $-9.8M | ||
| Q1 24 | $-57.9M | $-7.9M |
| Q4 25 | — | 52.0% | ||
| Q3 25 | — | 45.9% | ||
| Q2 25 | — | 46.6% | ||
| Q1 25 | — | 49.2% | ||
| Q4 24 | — | 66.2% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 74.0% | ||
| Q1 24 | — | 75.1% |
| Q4 25 | — | -12.1% | ||
| Q3 25 | — | -19.6% | ||
| Q2 25 | 11.7% | -21.1% | ||
| Q1 25 | — | -34.4% | ||
| Q4 24 | -119.0% | -51.0% | ||
| Q3 24 | — | -41.7% | ||
| Q2 24 | -124.7% | -51.7% | ||
| Q1 24 | -448.8% | -39.4% |
| Q4 25 | 124.0% | -17.2% | ||
| Q3 25 | 122.5% | -24.3% | ||
| Q2 25 | 23.4% | -26.6% | ||
| Q1 25 | 127.4% | -39.6% | ||
| Q4 24 | -117.5% | -56.4% | ||
| Q3 24 | 211.7% | -72.0% | ||
| Q2 24 | -81.9% | -59.8% | ||
| Q1 24 | -324.1% | -45.2% |
| Q4 25 | $0.45 | $-0.10 | ||
| Q3 25 | $0.36 | $-0.13 | ||
| Q2 25 | $-0.04 | $-0.15 | ||
| Q1 25 | $0.33 | $-0.21 | ||
| Q4 24 | $-0.46 | $-0.34 | ||
| Q3 24 | $0.36 | $-0.44 | ||
| Q2 24 | $-0.29 | $-0.33 | ||
| Q1 24 | $-0.75 | $-0.27 |
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 | $28.1M |
| Total DebtLower is stronger | $735.8M | $65.8M |
| Stockholders' EquityBook value | $1.4B | $22.4M |
| Total Assets | $12.6B | $141.6M |
| Debt / EquityLower = less leverage | 0.52× | 2.94× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | $28.1M | ||
| Q3 25 | $185.3M | $28.0M | ||
| Q2 25 | $160.4M | $11.0M | ||
| Q1 25 | $177.1M | $20.2M | ||
| Q4 24 | $167.4M | $18.5M | ||
| Q3 24 | $195.1M | $20.9M | ||
| Q2 24 | $235.5M | $42.6M | ||
| Q1 24 | $226.9M | $47.7M |
| Q4 25 | $735.8M | $65.8M | ||
| Q3 25 | $766.6M | $65.7M | ||
| Q2 25 | $653.0M | $55.5M | ||
| Q1 25 | $654.4M | $55.3M | ||
| Q4 24 | $573.2M | $55.2M | ||
| Q3 24 | $699.4M | $46.0M | ||
| Q2 24 | $800.7M | $59.8M | ||
| Q1 24 | $1.0B | $59.4M |
| Q4 25 | $1.4B | $22.4M | ||
| Q3 25 | $1.4B | $27.4M | ||
| Q2 25 | $1.4B | $27.1M | ||
| Q1 25 | $1.4B | $35.5M | ||
| Q4 24 | $1.4B | $27.7M | ||
| Q3 24 | $1.4B | $9.4M | ||
| Q2 24 | $1.4B | $19.4M | ||
| Q1 24 | $1.5B | $27.7M |
| Q4 25 | $12.6B | $141.6M | ||
| Q3 25 | $12.4B | $145.5M | ||
| Q2 25 | $10.6B | $134.7M | ||
| Q1 25 | $10.0B | $142.0M | ||
| Q4 24 | $9.2B | $140.9M | ||
| Q3 24 | $8.9B | — | ||
| Q2 24 | $8.2B | $96.8M | ||
| Q1 24 | $7.4B | $103.8M |
| Q4 25 | 0.52× | 2.94× | ||
| Q3 25 | 0.55× | 2.40× | ||
| Q2 25 | 0.47× | 2.05× | ||
| Q1 25 | 0.47× | 1.56× | ||
| Q4 24 | 0.41× | 1.99× | ||
| Q3 24 | 0.48× | 4.90× | ||
| Q2 24 | 0.56× | 3.08× | ||
| Q1 24 | 0.67× | 2.15× |
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 | $908.0K |
| Free Cash FlowOCF − Capex | $125.9M | $692.0K |
| FCF MarginFCF / Revenue | 291.6% | 1.7% |
| Capex IntensityCapex / Revenue | 18.9% | 0.5% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-21.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | $908.0K | ||
| Q3 25 | $6.9M | $-785.0K | ||
| Q2 25 | $39.2M | $-3.5M | ||
| Q1 25 | $25.8M | $-17.0M | ||
| Q4 24 | $14.1M | $-8.6M | ||
| Q3 24 | $-922.0K | $-5.4M | ||
| Q2 24 | $-993.0K | $-5.0M | ||
| Q1 24 | $-13.1M | $-12.0M |
| Q4 25 | $125.9M | $692.0K | ||
| Q3 25 | — | $-899.0K | ||
| Q2 25 | — | $-3.8M | ||
| Q1 25 | — | $-17.2M | ||
| Q4 24 | $-10.6M | $-8.7M | ||
| Q3 24 | $-8.6M | $-5.8M | ||
| Q2 24 | $-8.6M | $-5.6M | ||
| Q1 24 | $-19.1M | $-12.4M |
| Q4 25 | 291.6% | 1.7% | ||
| Q3 25 | — | -2.4% | ||
| Q2 25 | — | -9.9% | ||
| Q1 25 | — | -53.8% | ||
| Q4 24 | -39.6% | -38.6% | ||
| Q3 24 | -42.3% | -31.3% | ||
| Q2 24 | -44.9% | -34.0% | ||
| Q1 24 | -107.0% | -71.1% |
| Q4 25 | 18.9% | 0.5% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | 92.3% | 0.4% | ||
| Q3 24 | 37.7% | 2.1% | ||
| Q2 24 | 39.7% | 3.7% | ||
| Q1 24 | 33.5% | 2.2% |
| 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 | — | — |
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% |
STIM
Segment breakdown not available.
