New York Mortgage Trust, Inc. (ADAM) Balance Sheet
ADAM balance sheet, 2025
December 31, 2025 · U.S. dollars$12.64B assets = $11.21B liabilities + $1.43B equity
Both columns are drawn to the same scale: what ADAM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ADAM financial health
Descriptive bands, not a rating. Fiscal 2025.
ADAM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.95B2016 | $12.64B2025 | +3.9%/yr | |
| Total liabilities | $8.10B2016 | $11.21B2025 | +3.7%/yr | |
| Shareholders’ equity | $848.1M2016 | $1.43B2025 | +6.0%/yr | |
| Cash & short-term investments | $139.6M2016 | $210.3M2025 | +4.7%/yr | |
| Total debt | $7.89B2016 | $11.00B2025 | +3.8%/yr | |
| Net cash (debt) | −$7.75B2016 | −$10.79B2025 | −$3.0B | |
| Working capital | −$801.9M2016 | −$6.54B2025 | −$5.7B | |
| Book value per share | $30.952016 | $15.592025 | −7.3%/yr | |
| Current ratio | 0.172016 | 0.032025 | −0.14 | |
| Debt / equity | 9.302016 | 7.712025 | −1.59 | |
| Shares outstanding | 27.4M2016 | 91.5M2025 | +14.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ADAM assets
ADAM liabilities and equity
ADAM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ADAM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $210.3M | $4.00B | $2.20B | $344.3M | $490.4M | $304.5M | $121.6M | $109.1M | $116.0M | $139.6M |
| Cash & equivalents | $210.3M | $167.4M | $187.1M | $244.7M | $289.6M | $304.5M | $121.6M | $103.7M | $95.2M | $83.6M |
| Short-term investments | $6.90B | $3.83B | $2.01B | $99.6M | $200.8M | — | — | — | — | — |
| Receivables | $76.2M | $151.2M | $64.9M | $60.8M | $69.8M | $0 | $20.96B | $12.72B | $10.16B | $7.57B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $17.4M | $18.3M | $14.0M | $14.1M | — | $0 | $0 | $0 | $0 |
| Total current assets | $210.3M | $4.16B | $2.28B | $419.1M | $574.4M | — | $162.8M | $109.1M | $149.6M | $163.7M |
| Property, plant & equipment (net) | $5.2M | $5.5M | $6.6M | $7.8M | $9.0M | $10.1M | $9.3M | $0 | $0 | $0 |
| Goodwill & intangible assets | $44.8M | $21.0M | $2.4M | $0 | $39.8M | $0 | $25.2M | $25.2M | $28.7M | $28.7M |
| Long-term investments | $6.93B | $3.94B | $2.16B | $279.3M | $440.5M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.45B | $1.08B | $2.95B | $5.53B | $4.59B | $4.65B | $23.29B | $14.60B | $11.88B | $8.76B |
| Total assets | $12.64B | $9.22B | $7.40B | $6.24B | $5.66B | $4.66B | $23.48B | $14.74B | $12.06B | $8.95B |
| Liabilities | ||||||||||
| Accounts payable | $59.1M | $41.0M | $23.7M | $10.6M | $9.1M | — | — | — | — | $148.0M |
| Short-term debt | $6.75B | $4.01B | $2.47B | $737.0M | $554.3M | $405.5M | $3.01B | $2.13B | $1.43B | $966.1M |
| Total current liabilities | $6.75B | $4.08B | $2.53B | $773.7M | $599.3M | — | $3.01B | $2.13B | $1.43B | $965.6M |
| Long-term debt | $4.25B | $3.55B | $2.80B | $2.64B | $2.51B | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $5.5M | $5.9M | $7.1M | $8.4M | $9.6M | — | — | — | — | — |
| Other long-term liabilities | $205.6M | $181.9M | $447.1M | $963.1M | $116.0M | — | $18.26B | $11.43B | $9.65B | $6.92B |
| Total liabilities | $11.21B | $7.81B | $5.77B | $4.38B | $3.23B | $2.35B | $21.28B | $13.56B | $11.08B | $8.10B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $903,000 | $906,000 | $907,000 | $912,000 | $3.8M | $3.8M | $2.9M | $1.6M | $1.1M | $1.1M |
| Retained earnings (deficit) | −$1.41B | −$1.43B | −$1.25B | −$1.05B | −$559.3M | −$551.3M | −$148.9M | −$103.2M | −$75.7M | −$62.5M |
| Accumulated other comprehensive income | — | — | −$4,000 | −$2.0M | $1.8M | $994,000 | $25.1M | −$22.1M | $5.6M | $1.6M |
| Minority interest | $3.5M | $16.4M | $48.5M | $96.9M | — | — | — | — | — | — |
| Total shareholders' equity | $1.43B | $1.39B | $1.58B | $1.77B | $2.34B | $2.30B | $2.21B | $1.18B | $971.9M | $848.1M |
| Key figures | ||||||||||
| Total debt | $11.00B | $3.56B | $2.81B | $2.65B | $2.52B | $2.22B | $21.11B | $13.46B | $11.00B | $7.89B |
| Net cash (debt) | −$10.79B | $440.8M | −$604.2M | −$2.30B | −$2.03B | −$1.92B | −$20.99B | −$13.35B | −$10.88B | −$7.75B |
| Working capital | −$6.54B | $89.6M | −$244.0M | −$354.7M | −$24.9M | — | −$2.85B | −$2.02B | −$1.28B | −$801.9M |
| Tangible book value | $1.38B | $1.37B | $1.58B | $1.77B | $2.30B | $2.30B | $2.18B | $1.15B | $943.2M | $819.4M |
| Book value per share | $15.59 | $15.36 | $17.35 | $18.74 | $24.58 | $24.81 | $36.37 | $31.99 | $29.82 | $30.95 |
| Shares outstanding | 91.5M | 90.8M | 91.0M | 94.3M | 95.2M | 92.8M | 60.6M | 36.9M | 32.6M | 27.4M |
| Current ratio | 0.03 | 1.02 | 0.90 | 0.54 | 0.96 | — | 0.05 | 0.05 | 0.10 | 0.17 |
| Quick ratio | 0.04 | 1.02 | 0.90 | 0.52 | 0.93 | — | 6.99 | 6.02 | 7.21 | 7.99 |
| Debt / equity | 7.71 | 2.55 | 1.78 | 1.50 | 1.08 | 0.96 | 9.57 | 11.41 | 11.32 | 9.30 |
| Equity / assets | 11.3% | 15.1% | 21.3% | 28.3% | 41.4% | 49.4% | 9.4% | 8.0% | 8.1% | 9.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $212.3M | $208.9M | $210.3M | $1.82B | $1.42B | $4.82B | $4.00B | $3.58B | $2.91B | $390.7M | $2.20B | $355.4M |
| Cash & equivalents | $212.3M | $208.9M | $210.3M | $185.3M | $160.4M | $177.1M | $167.4M | $195.1M | $235.5M | $390.7M | $187.1M | $355.4M |
| Short-term investments | $6.98B | $1.47B | $6.90B | $1.63B | $1.26B | $4.65B | $3.83B | $3.39B | $2.67B | — | $2.01B | — |
| Receivables | $4.83B | $77.2M | $76.2M | $148.6M | $148.1M | $136.6M | $151.2M | $121.9M | $91.8M | $91.5M | $64.9M | $3.09B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.16B | $0 | $0 | $14.6M | $18.0M | $17.4M | $17.4M | $16.4M | $17.5M | — | $18.3M | $0 |
| Total current assets | $7.20B | $208.9M | $210.3M | $1.98B | $1.59B | $4.98B | $4.16B | $3.72B | $3.02B | — | $2.28B | $427.7M |
| Property, plant & equipment (net) | $4.3M | $4.8M | $5.2M | $4.6M | $4.9M | $5.2M | $5.5M | $5.7M | $6.0M | $6.3M | $6.6M | $711.4M |
| Goodwill & intangible assets | $57.8M | $44.8M | $44.8M | $62.2M | $19.4M | $20.3M | $21.0M | $0 | $0 | $25.3M | $2.4M | $17.0M |
| Long-term investments | $7.01B | $6.98B | $6.93B | $6.87B | $5.20B | $4.74B | $3.94B | $3.53B | $2.81B | $0 | $0 | $0 |
| Other non-current assets | $0 | $5.55B | $5.45B | $3.49B | $3.74B | $259.9M | $1.08B | $1.65B | $2.39B | $7.42B | $5.11B | $5.78B |
| Total assets | $12.96B | $12.79B | $12.64B | $12.40B | $10.55B | $10.00B | $9.22B | $8.91B | $8.23B | $7.45B | $7.40B | $6.94B |
| Liabilities | ||||||||||||
| Accounts payable | $53.4M | $53.4M | $59.1M | $56.1M | $43.7M | $43.2M | $41.0M | $34.6M | $27.7M | — | $23.7M | — |
| Short-term debt | $7.07B | $7.02B | $6.75B | $6.48B | $4.91B | $4.49B | $4.01B | $3.61B | $2.95B | $2.57B | $2.47B | $1.99B |
| Total current liabilities | $7.07B | $7.02B | $6.75B | $6.62B | $4.97B | $4.54B | $4.08B | $3.67B | $3.01B | $2.65B | $2.53B | $850.4M |
| Long-term debt | $4.25B | $4.13B | $4.25B | $4.34B | $4.01B | $3.84B | $3.55B | $3.50B | $3.35B | $0 | $0 | $0 |
| Lease obligations | $4.6M | $5.1M | $5.5M | $5.0M | $5.3M | $5.6M | $5.9M | $6.2M | $6.5M | — | — | — |
| Other long-term liabilities | $175.3M | $183.9M | $205.6M | $38.7M | $174.0M | $208.3M | $181.9M | $264.9M | $413.0M | $3.28B | $3.25B | $3.33B |
| Total liabilities | $11.49B | $11.33B | $11.21B | $11.00B | $9.16B | $8.59B | $7.81B | $7.43B | $6.76B | $5.93B | $5.77B | $5.32B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $899,000 | $899,000 | $903,000 | $903,000 | $903,000 | $905,000 | $906,000 | $906,000 | $906,000 | $912,000 | $907,000 | $907,000 |
| Retained earnings (deficit) | −$1.37B | −$1.39B | −$1.41B | −$1.43B | −$1.44B | −$1.42B | −$1.43B | −$1.37B | −$1.39B | −$1.34B | −$1.25B | −$1.27B |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | — | — | −$4,000 | −$1.8M |
| Minority interest | −$464,000 | $1.4M | $3.5M | $14.0M | $15.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.47B | $1.46B | $1.43B | $1.39B | $1.38B | $1.40B | $1.39B | $1.44B | $1.43B | $1.49B | $1.58B | $1.58B |
| Key figures | ||||||||||||
| Total debt | $11.32B | $11.15B | $11.00B | $10.83B | $8.92B | $3.84B | $3.56B | $3.51B | $3.35B | $5.70B | $2.81B | $4.44B |
| Net cash (debt) | −$11.10B | −$10.94B | −$10.79B | −$9.01B | −$7.50B | $982.1M | $440.8M | $74.9M | −$444.9M | −$5.31B | −$604.2M | −$4.09B |
| Working capital | $128.5M | −$6.81B | −$6.54B | −$4.64B | −$3.39B | $436.6M | $89.6M | $48.8M | $11.6M | — | −$244.0M | −$422.6M |
| Tangible book value | $1.41B | $1.41B | $1.38B | $1.33B | $1.36B | $1.38B | $1.37B | $1.44B | $1.43B | $1.46B | $1.58B | $1.56B |
| Book value per share | $15.91 | $15.82 | $15.51 | $15.18 | $15.29 | $15.39 | $15.40 | $15.94 | $15.74 | $16.30 | $17.32 | $17.31 |
| Shares outstanding | 92.3M | 92.1M | 92.0M | 91.6M | 90.3M | 91.1M | 90.6M | 90.6M | 91.0M | 91.1M | 91.2M | 91.0M |
| Current ratio | 1.02 | 0.03 | 0.03 | 0.30 | 0.32 | 1.10 | 1.02 | 1.01 | 1.00 | — | 0.90 | 0.50 |
| Quick ratio | 0.71 | 0.04 | 0.04 | 0.30 | 0.32 | 1.09 | 1.02 | 1.01 | 1.00 | 0.18 | 0.90 | 4.05 |
| Debt / equity | 7.70 | 7.65 | 7.71 | 7.79 | 6.46 | 2.74 | 2.55 | 2.43 | 2.34 | 3.84 | 1.78 | 2.82 |
| Equity / assets | 11.3% | 11.4% | 11.3% | 11.2% | 13.1% | 14.0% | 15.1% | 16.2% | 17.4% | 19.9% | 21.3% | 22.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
ADAM financial position
At the end of fiscal 2025 (December 31, 2025), New York Mortgage had total assets of $12.6 billion (up 37.1% from a year earlier), total liabilities of $11.2 billion and shareholders' equity of $1.4 billion. It held $210.3 million in cash and short-term investments against $11.0 billion of debt, net debt of $10.8 billion. Its current ratio was 0.03. In the latest quarter (ended June 30, 2026) total assets were $13.0 billion and equity $1.5 billion.
Related: ADAM income statement, ADAM cash flow statement, ADAM key metrics. See the ADAM stock overview for the latest quote and news.
ADAM balance sheet FAQ
What are New York Mortgage's total assets?
New York Mortgage reported total assets of $12.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $9.2 billion a year earlier.
How much debt does New York Mortgage have?
New York Mortgage had $11.0 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 7.71.
How much cash does New York Mortgage have?
New York Mortgage held $210.3 million in cash and short-term investments at the end of fiscal 2025; with $11.0 billion of debt that is net debt of $10.8 billion.
What is New York Mortgage's book value?
New York Mortgage's shareholders' equity (book value) was $1.4 billion at the end of fiscal 2025, or $15.59 per share.
What is New York Mortgage's current ratio?
New York Mortgage had current assets of $210.3 million and current liabilities of $6.8 billion, a current ratio of 0.03 (current liabilities exceed current assets).
How much goodwill does New York Mortgage have?
New York Mortgage carried $44.8 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.