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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and TrueCar, Inc. (TRUE). Click either name above to swap in a different company.

TrueCar, Inc. is the larger business by last-quarter revenue ($43.2M vs $43.2M, roughly 1.0× ADAMAS TRUST, INC.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs 11.6%, a 112.4% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs -7.2%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $11.2M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 2.3%).

ADAM vs TRUE — Head-to-Head

Bigger by revenue
TRUE
TRUE
1.0× larger
TRUE
$43.2M
$43.2M
ADAM
Growing faster (revenue YoY)
ADAM
ADAM
+68.8% gap
ADAM
61.6%
-7.2%
TRUE
Higher net margin
ADAM
ADAM
112.4% more per $
ADAM
124.0%
11.6%
TRUE
More free cash flow
ADAM
ADAM
$114.7M more FCF
ADAM
$125.9M
$11.2M
TRUE
Faster 2-yr revenue CAGR
ADAM
ADAM
Annualised
ADAM
55.5%
2.3%
TRUE

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
ADAM
ADAM
TRUE
TRUE
Revenue
$43.2M
$43.2M
Net Profit
$53.5M
$5.0M
Gross Margin
Operating Margin
-17.0%
Net Margin
124.0%
11.6%
Revenue YoY
61.6%
-7.2%
Net Profit YoY
270.5%
185.7%
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.

Revenue
ADAM
ADAM
TRUE
TRUE
Q4 25
$43.2M
Q3 25
$36.6M
$43.2M
Q2 25
$36.4M
$47.0M
Q1 25
$33.1M
$44.8M
Q4 24
$26.7M
$46.2M
Q3 24
$20.2M
$46.5M
Q2 24
$19.0M
$41.8M
Q1 24
$17.9M
$41.1M
Net Profit
ADAM
ADAM
TRUE
TRUE
Q4 25
$53.5M
Q3 25
$44.8M
$5.0M
Q2 25
$8.5M
$-7.6M
Q1 25
$42.2M
$-10.1M
Q4 24
$-31.4M
$-5.8M
Q3 24
$42.8M
$-5.8M
Q2 24
$-15.6M
$-13.5M
Q1 24
$-57.9M
$-5.8M
Operating Margin
ADAM
ADAM
TRUE
TRUE
Q4 25
Q3 25
-17.0%
Q2 25
11.7%
-18.3%
Q1 25
-25.0%
Q4 24
-119.0%
-15.4%
Q3 24
-15.9%
Q2 24
-124.7%
-36.3%
Q1 24
-448.8%
-18.2%
Net Margin
ADAM
ADAM
TRUE
TRUE
Q4 25
124.0%
Q3 25
122.5%
11.6%
Q2 25
23.4%
-16.2%
Q1 25
127.4%
-22.6%
Q4 24
-117.5%
-12.7%
Q3 24
211.7%
-12.5%
Q2 24
-81.9%
-32.3%
Q1 24
-324.1%
-14.2%
EPS (diluted)
ADAM
ADAM
TRUE
TRUE
Q4 25
$0.45
Q3 25
$0.36
Q2 25
$-0.04
Q1 25
$0.33
Q4 24
$-0.46
Q3 24
$0.36
Q2 24
$-0.29
Q1 24
$-0.75

Balance Sheet & Financial Strength

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

Metric
ADAM
ADAM
TRUE
TRUE
Cash + ST InvestmentsLiquidity on hand
$210.3M
$103.2M
Total DebtLower is stronger
$735.8M
Stockholders' EquityBook value
$1.4B
$114.2M
Total Assets
$12.6B
$148.7M
Debt / EquityLower = less leverage
0.52×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADAM
ADAM
TRUE
TRUE
Q4 25
$210.3M
Q3 25
$185.3M
$103.2M
Q2 25
$160.4M
$92.5M
Q1 25
$177.1M
$98.0M
Q4 24
$167.4M
$111.8M
Q3 24
$195.1M
$114.5M
Q2 24
$235.5M
$128.0M
Q1 24
$226.9M
$133.7M
Total Debt
ADAM
ADAM
TRUE
TRUE
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
TRUE
TRUE
Q4 25
$1.4B
Q3 25
$1.4B
$114.2M
Q2 25
$1.4B
$106.4M
Q1 25
$1.4B
$111.1M
Q4 24
$1.4B
$118.1M
Q3 24
$1.4B
$128.0M
Q2 24
$1.4B
$143.9M
Q1 24
$1.5B
$156.0M
Total Assets
ADAM
ADAM
TRUE
TRUE
Q4 25
$12.6B
Q3 25
$12.4B
$148.7M
Q2 25
$10.6B
$139.8M
Q1 25
$10.0B
$145.0M
Q4 24
$9.2B
$159.7M
Q3 24
$8.9B
$167.5M
Q2 24
$8.2B
$183.0M
Q1 24
$7.4B
$193.5M
Debt / Equity
ADAM
ADAM
TRUE
TRUE
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
TRUE
TRUE
Operating Cash FlowLast quarter
$134.0M
$12.7M
Free Cash FlowOCF − Capex
$125.9M
$11.2M
FCF MarginFCF / Revenue
291.6%
25.9%
Capex IntensityCapex / Revenue
18.9%
3.5%
Cash ConversionOCF / Net Profit
2.50×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-19.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADAM
ADAM
TRUE
TRUE
Q4 25
$134.0M
Q3 25
$6.9M
$12.7M
Q2 25
$39.2M
$-2.8M
Q1 25
$25.8M
$-7.9M
Q4 24
$14.1M
$5.9M
Q3 24
$-922.0K
$1.8M
Q2 24
$-993.0K
$-2.0M
Q1 24
$-13.1M
$2.0M
Free Cash Flow
ADAM
ADAM
TRUE
TRUE
Q4 25
$125.9M
Q3 25
$11.2M
Q2 25
$-4.8M
Q1 25
$-10.6M
Q4 24
$-10.6M
$4.1M
Q3 24
$-8.6M
$-170.0K
Q2 24
$-8.6M
$-3.6M
Q1 24
$-19.1M
$-511.0K
FCF Margin
ADAM
ADAM
TRUE
TRUE
Q4 25
291.6%
Q3 25
25.9%
Q2 25
-10.2%
Q1 25
-23.6%
Q4 24
-39.6%
9.0%
Q3 24
-42.3%
-0.4%
Q2 24
-44.9%
-8.7%
Q1 24
-107.0%
-1.2%
Capex Intensity
ADAM
ADAM
TRUE
TRUE
Q4 25
18.9%
Q3 25
3.5%
Q2 25
4.2%
Q1 25
6.0%
Q4 24
92.3%
3.7%
Q3 24
37.7%
4.2%
Q2 24
39.7%
3.9%
Q1 24
33.5%
6.2%
Cash Conversion
ADAM
ADAM
TRUE
TRUE
Q4 25
2.50×
Q3 25
0.15×
2.55×
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%

TRUE
TRUE

Segment breakdown not available.

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