Dominari Year to Date Revenue Increases by 14% Over 2025
Dominari Holdings Inc. DOMH | 0.00 |
Operating loss narrows to $1.1 million for the second quarter as compared to $14.9 million for Q2 2025
NEW YORK, Aug. 11, 2026 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) ("Dominari" or the "Company"), today announced highlights of its financial results for the quarter ended March 31, 2026, which were filed with the Securities and Exchange Commission ("SEC") in the Company's quarterly SEC Form 10Q.
The Company stated that: "In the second quarter of 2026, while our revenues declined from our first quarter 2026 as well as the comparable period in 2025, due to volatility in the marketplace, we reduced our loss from operations to $1.1 million in the quarter from a $14.9 million loss from operations in the comparable period in 2025. This was driven by holding our gross margins steady at lower levels of revenue while decreasing our operating expenses by 67% compared to the second quarter of 2025. During the quarter, we increased our deferred revenue related to our management services by $3.3 million and the annualized run-rate for recurring revenue increased by $1.2 million as compared to June of 2025." The Company further stated that: "We continued to reward our shareholder base with a $0.31 per share dividend in the second quarter of 2026. Finally, as we move through the second half of the year, we continue to increase our presence in providing capital to the emerging sectors of the economy, and we look to continue to drive towards a model that will deliver positive operating profits and steady returns to our shareholders on a consistent basis."
Second Quarter and First-Half Highlights
- Operating costs and expenses decreased 67% to $17.9 million, and the operating loss narrowed 92% to $1.1 million from $14.9 million in the prior-year quarter.
- Dominari Financial business segment remained profitable, reporting second-quarter segment net income of $2.5 million and first-half segment net income of $10.8 million.
- First-half total revenue increased 14% to $52.6 million, driven by underwriting revenue growth of 59% to $40.9 million and commission revenue growth of 15% to $9.1 million.
- Cash dividend payment of $9.0 million by the Company on May 29, 2026, to shareholders of record as of May 15, 2026
Second Quarter Results
Second-quarter revenue was $16.8 million, compared with $38.9 million in the second quarter of 2025. Commission revenue increased by $0.7 million, or 13%, to $6.6 million, and other revenue increased by $0.2 million, or 70%, to $0.5 million. These gains were more than offset by lower underwriting revenue due to fewer deal closings of $12.0 million, lower carried interest of $8.9 million and a near-breakeven principal transactions result compared with a $2.1 million gain in the prior year's quarter. The Company's annual recurring revenue (ARR) increased to $1.7 million from $0.5 million at the end of Q2, 2025, reflecting an increase of 283%.
Operating costs and expenses decreased by $35.8 million, or 67%, to $17.9 million. Compensation and benefits decreased by $37.5 million, reflecting lower commission expense and a $25.7 million reduction in stock-based compensation. As a result, the operating loss narrowed by $13.7 million, or 92%, to $1.1 million from $14.9 million in the prior-year period.
Net loss attributable to common stockholders was $5.4 million, or a loss of $0.24 per share, compared with net income attributable to common stockholders of $16.6 million, or earnings of $1.12 per share, in the second quarter of 2025. The year-over-year comparison was primarily driven by the Company's $31.7 million valuation increase related to the investment in American Bitcoin Corp. ("ABTC"), compared with a $1.4 million decrease in valuation on its long-term investments in the current quarter, as well as a $2.4 million current-quarter income tax provision and a $0.4 million deemed dividend related to warrant inducements.
First-Half Growth and Operating Progress
For the six months ending June 30, 2026, total revenue increased by $6.3 million, or 14%, to $52.6 million compared to the six months ending June 30, 2025. Underwriting revenue increased by $15.1 million, or 59%, to $40.9 million, reflecting increased private-placement and registered-offering activity and deal flow. Commission revenue increased by $1.2 million, or 15%, to $9.1 million.
First-half operating costs and expenses declined by $2.7 million, or 3%, to $91.4 million, and the operating loss narrowed by $9.0 million, or 19%, to $38.8 million from $47.7 million in the comparable period in 2025. Consolidated net loss attributable to common stockholders was $62.8 million, as compared to a $15.9 million loss in 2025 reflecting the impact of the ABTC investment as well as a $15.2 million income tax provision in 2026.
Balance Sheet
At June 30, 2026, Dominari had $25.0 million of cash and cash equivalents, $2.4 million of marketable securities, $4.5 million of securities owned, $6.0 million receivable from clearing brokers and $10.3 million of long-term equity investments. Working capital was approximately $15.8 million, and total stockholders' equity was $21.9 million.
Dominari Securities maintained approximately $18.2 million of net capital against a $0.6 million minimum requirement.
DOMINARI HOLDINGS INC. Condensed Consolidated Balance Sheets ($ in thousands except share and per share amounts)
|
||||||||
June 30, |
December 31, |
|||||||
2026 |
2025 |
|||||||
(Unaudited) |
||||||||
ASSETS |
||||||||
Cash and cash equivalents |
$ |
25,044 |
$ |
34,005 |
||||
Marketable securities |
2,394 |
46,516 |
||||||
Securities owned |
4,500 |
9,756 |
||||||
Receivable from clearing brokers |
5,997 |
3,995 |
||||||
Long-term equity investments |
10,287 |
11,744 |
||||||
Accounts receivable |
591 |
- |
||||||
Loans to employees |
1,484 |
1,767 |
||||||
Right-of-use assets |
2,437 |
2,721 |
||||||
Prepaid expenses and other assets |
4,678 |
2,403 |
||||||
Total assets |
$ |
57,412 |
$ |
112,907 |
||||
LIABILITIES AND STOCKHOLDERS' EQUITY |
||||||||
Accounts payable and accrued expenses |
$ |
1,095 |
$ |
611 |
||||
Accrued compensation and commissions |
8,198 |
17,754 |
||||||
Accrued dividends payable |
296 |
10,335 |
||||||
Contract liabilities |
7,760 |
4,504 |
||||||
Lease liability |
2,594 |
2,841 |
||||||
Income taxes payable |
15,579 |
7,318 |
||||||
Other liabilities |
- |
173 |
||||||
Total liabilities |
35,522 |
43,536 |
||||||
Stockholders' equity |
||||||||
Preferred stock, $.0001 par value, 50,000,000 authorized |
||||||||
Convertible Preferred Series D: 5,000,000 shares designated; 3,825 shares issued |
- |
- |
||||||
Convertible Preferred Series D-1: 5,000,000 shares designated; 834 shares issued |
- |
- |
||||||
Common stock, $0.0001 par value, 100,000,000 shares authorized; 24,243,646 and |
2 |
- |
||||||
Additional paid-in capital |
361,734 |
337,505 |
||||||
Accumulated deficit |
(339,896) |
(268,134) |
||||||
Total Dominari Holdings stockholders' equity |
21,840 |
69,371 |
||||||
Non-controlling interests |
50 |
- |
||||||
Total stockholders' equity |
21,890 |
69,371 |
||||||
Total liabilities and stockholders' equity |
$ |
57,412 |
$ |
112,907 |
||||
DOMINARI HOLDINGS INC. Condensed Consolidated Statements of Operations ($ in thousands except share and per share amounts) (Unaudited)
|
||||||||||||||||
Three Months Ended |
Six Months Ended |
|||||||||||||||
June 30, |
June 30, |
|||||||||||||||
2026 |
2025 |
2026 |
2025 |
|||||||||||||
Revenues |
||||||||||||||||
Underwriting services |
$ |
7,902 |
$ |
19,858 |
$ |
40,851 |
$ |
25,770 |
||||||||
Carried interest |
1,551 |
10,500 |
2,647 |
10,500 |
||||||||||||
Commissions |
6,567 |
5,834 |
9,057 |
7,848 |
||||||||||||
Interest income |
278 |
334 |
586 |
372 |
||||||||||||
Principal transactions |
(36) |
2,078 |
(1,568) |
1,168 |
||||||||||||
Other revenue |
527 |
310 |
1,021 |
625 |
||||||||||||
Total revenue |
16,789 |
38,914 |
52,594 |
46,283 |
||||||||||||
Operating costs and expenses |
||||||||||||||||
Compensation and benefits |
14,238 |
51,718 |
82,397 |
67,175 |
||||||||||||
Advisory fees |
50 |
17 |
111 |
20,961 |
||||||||||||
Legal fees |
51 |
679 |
1,536 |
1,513 |
||||||||||||
Professional and consulting fees |
657 |
398 |
1,508 |
1,227 |
||||||||||||
Other expenses |
2,935 |
958 |
5,806 |
3,146 |
||||||||||||
Total operating expenses |
17,931 |
53,770 |
91,358 |
94,022 |
||||||||||||
Loss from operations |
(1,142) |
(14,856) |
(38,764) |
(47,739) |
||||||||||||
Other income (expenses) |
||||||||||||||||
Other income |
63 |
- |
171 |
- |
||||||||||||
Interest income |
49 |
30 |
110 |
51 |
||||||||||||
Gain (loss) on marketable securities, net |
(67) |
806 |
(7,081) |
639 |
||||||||||||
Realized and unrealized gain loss on notes receivable, net |
- |
- |
- |
221 |
||||||||||||
Change in carrying value of investments |
(1,400) |
31,680 |
(1,400) |
32,000 |
||||||||||||
Total other income (expenses) |
(1,355) |
32,516 |
(8,200) |
32,911 |
||||||||||||
Net (loss) income before income tax expense |
(2,497) |
17,660 |
(46,964) |
(14,828) |
||||||||||||
Provision for income taxes |
2,354 |
- |
15,223 |
- |
||||||||||||
Net (loss) income before non-controlling interest and |
(4,851) |
17,660 |
(62,187) |
(14,828) |
||||||||||||
Net income attributable to non-controlling interests |
(128) |
(1,050) |
(150) |
(1,050) |
||||||||||||
Net (loss) income before deemed dividend |
(4,979) |
16,610 |
(62,337) |
(15,878) |
||||||||||||
Common stock deemed dividend - inducement |
(425) |
- |
(425) |
- |
||||||||||||
Net (loss) income attributable to common stockholders of |
$ |
(5,404) |
$ |
16,610 |
$ |
(62,762) |
$ |
(15,878) |
||||||||
Net (loss) income per share, basic and diluted |
||||||||||||||||
Basic and Diluted |
$ |
(0.24) |
$ |
1.12 |
$ |
(3.07) |
$ |
(1.24) |
||||||||
Weighted average number of shares outstanding, basic and |
||||||||||||||||
Basic and Diluted |
22,754,753 |
14,830,534 |
20,424,457 |
12,814,079 |
||||||||||||
DOMINARI HOLDINGS INC. Condensed Consolidated Statements of Cash Flows ($ in thousands) (Unaudited)
|
||||||||
Six Months Ended |
||||||||
June 30, |
||||||||
2026 |
2025 |
|||||||
Cash flows from operating activities |
||||||||
Net loss before non-controlling interest and deemed dividend |
$ |
(62,187) |
$ |
(14,828) |
||||
Adjustments to reconcile net loss to net cash (used in) provided by operating activities: |
||||||||
Change in carrying value of long-term investment |
- |
(32,000) |
||||||
Non-cash underwriting revenues |
(10,080) |
(2,994) |
||||||
Non-cash commission expense |
7,610 |
- |
||||||
Stock-based compensation – employees |
19,745 |
54,797 |
||||||
Stock-based compensation – advisors |
61 |
- |
||||||
Realized loss (gain) on marketable securities |
6,872 |
(1,049) |
||||||
Amortization of right-of-use assets |
284 |
211 |
||||||
Depreciation |
35 |
52 |
||||||
Realized gain on note receivable |
- |
(221) |
||||||
Realized (gain) loss on securities owned |
(3,420) |
743 |
||||||
Unrealized loss (gain) on securities owned |
3,271 |
(4,136) |
||||||
Unrealized loss on marketable securities |
284 |
670 |
||||||
Change in carrying value of long term investments |
1,400 |
- |
||||||
Unrealized gain on long term investments |
159 |
- |
||||||
Changes in operating assets and liabilities: |
||||||||
Prepaid expenses and other assets |
(2,312) |
(105) |
||||||
Receivable from clearing brokers |
(2,002) |
(13,707) |
||||||
Accounts receivable |
(591) |
- |
||||||
Accounts payable and accrued expenses |
485 |
1,693 |
||||||
Accrued compensation and commissions |
(9,556) |
10,948 |
||||||
Right of use asset and liability, net |
(247) |
(178) |
||||||
Contract liabilities |
3,256 |
1,098 |
||||||
Income taxes payable |
8,261 |
- |
||||||
Other liabilities |
(172) |
(92) |
||||||
Notes receivable, at fair value – net interest accrued |
- |
(20) |
||||||
Net cash (used in) provided by operating activities |
(38,844) |
882 |
||||||
Cash flows from investing activities |
||||||||
Purchase of marketable securities |
(9,440) |
(13,086) |
||||||
Sale of marketable securities |
46,406 |
6,852 |
||||||
Purchase of securities owned |
(10,000) |
- |
||||||
Sale of securities owned |
17,875 |
- |
||||||
Purchase of long term investments |
(102) |
|||||||
Collection of principal on note receivable |
- |
1,143 |
||||||
Sale of long-term investments |
- |
538 |
||||||
Collection of loans to employees |
283 |
285 |
||||||
Net cash provided by (used in) investing activities |
45,022 |
(4,268) |
||||||
Cash flows from financing activities |
||||||||
Cash paid for dividends |
(19,039) |
(7,080) |
||||||
Distributions to non-controlling interest |
(100) |
- |
||||||
Cash from issuance common stock, net of offering cost |
4,000 |
13,517 |
||||||
Cash from issuance common stock for exercised warrants |
- |
2,339 |
||||||
Net cash (used in) provided by financing activities |
(15,139) |
8,776 |
||||||
Net increase in cash and cash equivalents |
(8,961) |
5,390 |
||||||
Cash and cash equivalents, beginning of period |
34,005 |
4,079 |
||||||
Cash and cash equivalents, end of period |
$ |
25,044 |
$ |
9,469 |
||||
Cash paid for interest |
$ |
11 |
$ |
13 |
||||
Cash paid for taxes |
$ |
6,950 |
$ |
- |
||||
Deemed dividend |
$ |
425 |
$ |
- |
||||
The press release contains non-GAAP financial measures within the meaning of Regulation G promulgated by the Securities and Exchange Commission. To supplement its consolidated condensed financial statements presented in accordance with U.S. generally accepted accounting principles (GAAP), the Company provides the additional non-GAAP financial measures of operating income, net income and earnings per share. The Company believes that these non-GAAP financial measures are appropriate to enhance understanding of its past performance as well as prospects for future performance. A reconciliation of the differences between these non-GAAP financial measures with the most directly comparable financial measure calculated in accordance with GAAP is shown in the table below. ($ in thousands except per share amounts)
Three Months Ended |
Three Months Ended |
|||||||
June 30, 2026 |
June 30, 2025 |
|||||||
Loss from operations |
$ |
(1,142) |
$ |
(14,856) |
||||
Non-cash stock-based compensation |
527 |
26,173 |
||||||
Adjusted (loss) income from operations |
$ |
(615) |
$ |
11,317 |
||||
Net income (loss) attributable to common stockholders' of Dominari Holdings |
$ |
(5,404) |
$ |
16,610 |
||||
Non-cash stock-based compensation |
527 |
26,173 |
||||||
Adjusted net (loss) income before income tax expense |
$ |
(4,877) |
$ |
42,783 |
||||
Adjustment to the provision for income taxes |
- |
- |
||||||
Adjusted net (loss) income to common stockholders' of Dominari Holdings |
(4,877) |
42,783 |
||||||
Adjusted net (loss) income per share, basic |
$ |
(0.21) |
$ |
2.88 |
||||
Weighted average number of shares outstanding, basic |
22,754,753 |
14,830,534 |
||||||
Six Months Ended |
Six Months Ended |
|||||||
June 30, 2026 |
June 30, 2025 |
|||||||
Loss from operations |
$ |
(38,764) |
$ |
(47,739) |
||||
Non-cash stock-based compensation |
19,806 |
54,799 |
||||||
Adjusted (loss) income from operations |
$ |
(18,958) |
$ |
7,060 |
||||
Net loss attributable to common stockholders' of Dominari Holdings |
$ |
(62,762) |
$ |
(15,878) |
||||
Non-cash stock-based compensation |
19,805 |
54,799 |
||||||
Adjusted net (loss) income before income tax expense |
$ |
(42,957) |
$ |
38,921 |
||||
Adjustment to the provision for income taxes |
228 |
4,482 |
||||||
Adjusted net (loss) income to common stockholders' of Dominari Holdings |
(43,185) |
34,439 |
||||||
Adjusted net (loss) income per share, basic |
$ |
(2.11) |
$ |
2.69 |
||||
Weighted average number of shares outstanding, basic |
20,424,457 |
12,814,079 |
||||||
For additional information about Dominari Holdings Inc., please visit: https://www.dominariholdings.com/
About Dominari Holdings Inc.
The Company is a holding company that, through its various subsidiaries, is currently engaged in wealth management, investment banking, sales and trading and asset management. In addition to capital investment, Dominari provides management support to the executive teams of its subsidiaries, helping them to operate efficiently and reduce cost under a streamlined infrastructure. In addition to organic growth, the Company seeks opportunities outside of its current business to enhance shareholder value, including in the AI and Data Center sectors.
Dominari Securities LLC's Mission Statement:
Dominari Securities LLC, a principal subsidiary of Dominari Holdings Inc., is a dynamic, forward-thinking financial services company that seeks to create wealth for all stakeholders by capitalizing on emerging trends in the financial services sector and identifying early-stage future opportunities that are expected to generate a high rate of return for investors.
Securities Brokerage and Registered Investment Adviser Services are offered through Dominari Securities LLC, a Member of FINRA, MSRB and SIPC. Securities brokerage, investment adviser and other non-bank deposit investments are not FDIC insured and may lose some or all of the principal invested. You can check the background of Dominari Securities LLC and its registered investment professionals and review its SEC Form CRS on FINRA's BrokerCheck site at https://brokercheck.finra.org. Information for Dominari Securities LLC and its registered investment professionals as well as its SEC Form CRS may also be found on FINRA's BrokerCheck site.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company's filings with the SEC, which include but are not limited to the Risk Factors set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, relating to its business. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Dominari Holdings Inc.
https://www.dominariholdings.com/
info@dominari.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/dominari-year-to-date-revenue-increases-by-14-over-2025-302847720.html
SOURCE Dominari Holdings, Inc.
