New York Mortgage Trust (ADAM) financial statements
Net income was $149M.
Free cash flow was $126M, and the company returned $76M in dividends and $2M in net buybacks.
The diluted share count rose 234% over the period (dilution).
Income statement
Fiscal years, from New York Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Selling, general and admin | $35M | $41M | $28M | $36M | $42M | $49M | $52M | $50M | $49M | $73M |
| Operating income | — | $92M | $104M | $172M | -$287M | $191M | -$340M | -$78M | -$93M | $138M |
| Interest expense | $255M | $308M | $377M | $567M | $223M | $79M | $129M | $192M | — | — |
| Pre-tax income | $71M | $92M | $104M | — | — | — | — | — | — | — |
| Income tax | $3M | $3M | -$1M | -$419,000 | $981,000 | $2M | $542,000 | $75,000 | $1M | $145,000 |
| Net income | $68M | $92M | $103M | $174M | -$289M | $193M | -$299M | -$49M | -$62M | $149M |
| EPS (diluted) | $2.00 | $2.64 | $2.44 | $2.56 | -$3.56 | $1.51 | -$3.61 | -$0.99 | -$1.14 | $1.10 |
| Diluted shares | 27M | 33M | 37M | 61M | 93M | 95M | 94M | 91M | 91M | 92M |
Balance sheet
Fiscal years, from New York Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $84M | $95M | $104M | $119M | $293M | $290M | $245M | $187M | $167M | $210M |
| Goodwill | $25M | $25M | $25M | $25M | $0 | — | — | — | $0 | $22M |
| Total assets | $9.0B | $12.1B | $14.7B | $23.5B | $4.7B | $5.7B | $6.2B | $7.4B | $9.2B | $12.6B |
| Total liabilities | $8.1B | $11.1B | $13.6B | $21.3B | $2.3B | $3.2B | $4.4B | $5.8B | $7.8B | $11.2B |
| Shareholders' equity | $848M | $972M | $1.2B | $2.2B | $2.3B | $2.3B | $1.8B | $1.6B | $1.4B | $1.4B |
| Net debt | -$84M | -$95M | -$104M | -$119M | -$293M | -$290M | -$245M | -$187M | -$167M | -$210M |
Cash flow
Fiscal years, from New York Mortgage Trust's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $54M | $29M | $24M | $35M | $111M | $139M | $92M | $30M | $14M | $134M |
| Capital spending | $0 | $296,000 | $457,000 | $128,000 | $206,000 | $46M | $209M | $50M | $25M | $8M |
| Free cash flow | $54M | $29M | $24M | $35M | $111M | $93M | -$118M | -$20M | -$11M | $126M |
| Stock-based compensation | $514,000 | $2M | $3M | $5M | $10M | $10M | $12M | $9M | $6M | $8M |
| Dividends paid | — | $94M | $98M | $163M | $105M | $152M | $152M | $129M | $75M | $76M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$44M | -$9M | -$3M | -$2M |
| Dividends per share | — | $2.88 | $2.66 | $2.69 | $1.14 | $1.59 | $1.61 | $1.41 | $0.83 | $0.83 |
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How much free cash flow does New York Mortgage Trust generate?
$126M in fiscal 2025 (operating cash flow minus capital spending).
From New York Mortgage Trust's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.