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Side-by-side financial comparison of ADAMAS TRUST, INC. (ADAM) and Veritone, Inc. (VERI). Click either name above to swap in a different company.
ADAMAS TRUST, INC. is the larger business by last-quarter revenue ($43.2M vs $26.6M, roughly 1.6× Veritone, Inc.). ADAMAS TRUST, INC. runs the higher net margin — 124.0% vs -109.8%, a 233.8% gap on every dollar of revenue. On growth, ADAMAS TRUST, INC. posted the faster year-over-year revenue change (61.6% vs 21.1%). ADAMAS TRUST, INC. produced more free cash flow last quarter ($125.9M vs $-17.1M). Over the past eight quarters, ADAMAS TRUST, INC.'s revenue compounded faster (55.5% CAGR vs 39.0%).
Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.
ADAM vs VERI — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.2M | $26.6M |
| Net Profit | $53.5M | $-29.2M |
| Gross Margin | — | — |
| Operating Margin | — | -68.2% |
| Net Margin | 124.0% | -109.8% |
| Revenue YoY | 61.6% | 21.1% |
| Net Profit YoY | 270.5% | -34.5% |
| 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 | — | ||
| Q3 25 | $36.6M | $26.6M | ||
| Q2 25 | $36.4M | $23.2M | ||
| Q1 25 | $33.1M | $22.5M | ||
| Q4 24 | $26.7M | $22.4M | ||
| Q3 24 | $20.2M | $22.0M | ||
| Q2 24 | $19.0M | $24.1M | ||
| Q1 24 | $17.9M | $24.2M |
| Q4 25 | $53.5M | — | ||
| Q3 25 | $44.8M | $-29.2M | ||
| Q2 25 | $8.5M | $-26.5M | ||
| Q1 25 | $42.2M | $-19.9M | ||
| Q4 24 | $-31.4M | $31.8M | ||
| Q3 24 | $42.8M | $-21.7M | ||
| Q2 24 | $-15.6M | $-22.2M | ||
| Q1 24 | $-57.9M | $-25.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 72.6% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 71.2% | ||
| Q2 24 | — | 72.6% | ||
| Q1 24 | — | 70.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | -68.2% | ||
| Q2 25 | 11.7% | -82.0% | ||
| Q1 25 | — | -96.3% | ||
| Q4 24 | -119.0% | -93.8% | ||
| Q3 24 | — | -102.3% | ||
| Q2 24 | -124.7% | -84.4% | ||
| Q1 24 | -448.8% | -100.9% |
| Q4 25 | 124.0% | — | ||
| Q3 25 | 122.5% | -109.8% | ||
| Q2 25 | 23.4% | -114.2% | ||
| Q1 25 | 127.4% | -88.5% | ||
| Q4 24 | -117.5% | 141.7% | ||
| Q3 24 | 211.7% | -98.9% | ||
| Q2 24 | -81.9% | -92.4% | ||
| Q1 24 | -324.1% | -104.3% |
| Q4 25 | $0.45 | — | ||
| Q3 25 | $0.36 | — | ||
| Q2 25 | $-0.04 | $-0.53 | ||
| Q1 25 | $0.33 | $-0.41 | ||
| Q4 24 | $-0.46 | $0.85 | ||
| Q3 24 | $0.36 | $-0.57 | ||
| Q2 24 | $-0.29 | $-0.59 | ||
| Q1 24 | $-0.75 | $-0.67 |
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 | $36.2M |
| Total DebtLower is stronger | $735.8M | $35.4M |
| Stockholders' EquityBook value | $1.4B | $15.5M |
| Total Assets | $12.6B | $198.6M |
| Debt / EquityLower = less leverage | 0.52× | 2.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $210.3M | — | ||
| Q3 25 | $185.3M | $36.2M | ||
| Q2 25 | $160.4M | $13.6M | ||
| Q1 25 | $177.1M | $16.1M | ||
| Q4 24 | $167.4M | $16.9M | ||
| Q3 24 | $195.1M | $11.4M | ||
| Q2 24 | $235.5M | $46.0M | ||
| Q1 24 | $226.9M | $90.7M |
| Q4 25 | $735.8M | — | ||
| Q3 25 | $766.6M | $35.4M | ||
| Q2 25 | $653.0M | $37.3M | ||
| Q1 25 | $654.4M | $39.2M | ||
| Q4 24 | $573.2M | $41.2M | ||
| Q3 24 | $699.4M | $73.6M | ||
| Q2 24 | $800.7M | $75.6M | ||
| Q1 24 | $1.0B | $77.5M |
| Q4 25 | $1.4B | — | ||
| Q3 25 | $1.4B | $15.5M | ||
| Q2 25 | $1.4B | $3.5M | ||
| Q1 25 | $1.4B | $14.8M | ||
| Q4 24 | $1.4B | $13.5M | ||
| Q3 24 | $1.4B | $-25.2M | ||
| Q2 24 | $1.4B | $-5.7M | ||
| Q1 24 | $1.5B | $14.9M |
| Q4 25 | $12.6B | — | ||
| Q3 25 | $12.4B | $198.6M | ||
| Q2 25 | $10.6B | $188.1M | ||
| Q1 25 | $10.0B | $199.6M | ||
| Q4 24 | $9.2B | $198.1M | ||
| Q3 24 | $8.9B | $336.4M | ||
| Q2 24 | $8.2B | $321.8M | ||
| Q1 24 | $7.4B | $359.6M |
| Q4 25 | 0.52× | — | ||
| Q3 25 | 0.55× | 2.28× | ||
| Q2 25 | 0.47× | 10.71× | ||
| Q1 25 | 0.47× | 2.66× | ||
| Q4 24 | 0.41× | 3.06× | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.56× | — | ||
| Q1 24 | 0.67× | 5.21× |
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 | $-15.9M |
| Free Cash FlowOCF − Capex | $125.9M | $-17.1M |
| FCF MarginFCF / Revenue | 291.6% | -64.2% |
| Capex IntensityCapex / Revenue | 18.9% | 4.6% |
| Cash ConversionOCF / Net Profit | 2.50× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-46.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $134.0M | — | ||
| Q3 25 | $6.9M | $-15.9M | ||
| Q2 25 | $39.2M | $-8.2M | ||
| Q1 25 | $25.8M | $-17.0M | ||
| Q4 24 | $14.1M | $-500.0K | ||
| Q3 24 | $-922.0K | $3.6M | ||
| Q2 24 | $-993.0K | $-42.7M | ||
| Q1 24 | $-13.1M | $14.9M |
| Q4 25 | $125.9M | — | ||
| Q3 25 | — | $-17.1M | ||
| Q2 25 | — | $-9.2M | ||
| Q1 25 | — | $-18.4M | ||
| Q4 24 | $-10.6M | $-1.7M | ||
| Q3 24 | $-8.6M | $1.9M | ||
| Q2 24 | $-8.6M | $-44.1M | ||
| Q1 24 | $-19.1M | $13.1M |
| Q4 25 | 291.6% | — | ||
| Q3 25 | — | -64.2% | ||
| Q2 25 | — | -39.6% | ||
| Q1 25 | — | -81.9% | ||
| Q4 24 | -39.6% | -7.4% | ||
| Q3 24 | -42.3% | 8.6% | ||
| Q2 24 | -44.9% | -183.4% | ||
| Q1 24 | -107.0% | 54.2% |
| Q4 25 | 18.9% | — | ||
| Q3 25 | — | 4.6% | ||
| Q2 25 | — | 4.1% | ||
| Q1 25 | — | 6.0% | ||
| Q4 24 | 92.3% | 5.2% | ||
| Q3 24 | 37.7% | 7.7% | ||
| Q2 24 | 39.7% | 5.9% | ||
| Q1 24 | 33.5% | 7.6% |
| Q4 25 | 2.50× | — | ||
| Q3 25 | 0.15× | — | ||
| Q2 25 | 4.59× | — | ||
| Q1 25 | 0.61× | — | ||
| Q4 24 | — | -0.02× | ||
| 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% |
VERI
| Software Products And Services | $20.9M | 78% |
| Other | $2.3M | 9% |
| Public Sector | $2.0M | 7% |
| Representation Services | $1.5M | 6% |
