What is New York Mortgage Trust's loan-related expense?

New York Mortgage Trust (ADAM) reported loan-related expense of $4.03M in Q1 2026.

What does loan-related expense mean?

Costs directly associated with the origination, underwriting, and processing of mortgage loans. These expenses are incurred to acquire new assets and facilitate the lending process.

New York Mortgage Trust ADAM Loan-related expense

Loan-related expense at other companies

PennyMac Financial Services, Inc.PFSI

$79.7M+80.7%

Better Home & FinanceBETR

$7.73M+209%

Spectral AI, Inc.MDAI

$1M+300%

Equity BancsharesEQBK

$546K+94.3%

Origin BancorpOBK

$895K+49.4%

Capital BancorpCBNK

$1.38M+86.1%

Other financials

Income statement

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Revenue$172.1M+32.6%

Operating income$86.7M+130%

Net income$48.6M+15.3%

EPS (diluted)$0.40+21.2%

Balance sheet

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Cash & equivalents$365.4M+33.2%

Total debt$674.6M-14.2%

Total equity$1.5B+3.9%

Total assets$12.8B+27.9%

Cash flow

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Operating cash flow-$16.7M-165%

CapEx$2.0M-41.0%

Free cash flow$31.5M—

Valuation

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Market cap$831.22M+37.0%

Enterprise value$1.14B+1.5%

P/E5.4×-4.4×

P/S1.3×+0.1×

Profitability

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Operating margin29%+23.4pp

Net margin24.1%+15.6pp

FCF margin20.9%—

Returns & leverage

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Return on equity10.9%+8.2pp

Debt / equity0.5×-0.1×

Where this comes from

Reported directly by New York Mortgage Trust in its filing.

Tagged under the XBRL concept us-gaap:LoanProcessingFee.

The official record: New York Mortgage Trust’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is New York Mortgage Trust's loan-related expense?: New York Mortgage Trust (ADAM) reported loan-related expense of $4.03M in Q1 2026.
What does loan-related expense mean?: Costs directly associated with the origination, underwriting, and processing of mortgage loans. These expenses are incurred to acquire new assets and facilitate the lending process.