{"schema_version":"secwatch.filing_event.v1","accession":"0001273685-26-000027","form_type":"8-K","ticker":"ADAM","cik":"0001273685","company_name":"ADAMAS TRUST, INC.","filed_at":"2026-02-18T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.686353+00:00","generated_at":"2026-05-16T01:57:55.840507+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Adamas Trust Q4 net income $41.6M ($0.46 EPS); FY net income $101.1M; EAD per share $0.23","bullets":["FY 2025 net income $101.1M ($1.12 EPS); Q4 net income $41.6M ($0.46 EPS).","Earnings available for distribution (EAD) per share $0.23 (Q4) and $0.89 (FY).","Portfolio expanded by $3.1B; quarterly EAD up 44% YoY; dividend raised 15%.","Book value per share $9.60; adjusted book value $10.63; economic return on BV 12.72% for FY.","Completed strategic acquisition of Constructive; CEO cites stronger recurring income and liquidity."],"urls":{"canonical":"https://secwatch.observer/filing/0001273685-26-000027","json":"https://secwatch.observer/filing/0001273685-26-000027.json","markdown":"https://secwatch.observer/filing/0001273685-26-000027.md","text":"https://secwatch.observer/filing/0001273685-26-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1273685/000127368526000027/0001273685-26-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1273685/000127368526000027/nymt-20260218.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T01:57:55.840507+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}