Dominari Year to Date Revenue Increases by 14% Over 2025

Rhea-AI Summary

Dominari (Nasdaq: DOMH) reported first-half 2026 revenue of $52.6 million, up 14% from the prior-year period, driven by a 59% increase in underwriting revenue to $40.9 million and a 15% rise in commission revenue to $9.1 million. Second-quarter 2026 revenue was $16.8 million, down from $38.9 million a year earlier, mainly due to fewer underwriting deal closings, lower carried interest and weaker principal transactions.

Operating costs and expenses fell 67% in Q2 to $17.9 million, narrowing the operating loss to $1.1 million from $14.9 million. For the first half, operating loss improved to $38.8 million from $47.7 million. Net loss attributable to common stockholders was $5.4 million in Q2 and $62.8 million year-to-date, reflecting reduced investment gains and higher income tax provision. Dominari paid a $0.31 per share dividend in Q2 totaling $9.0 million, increased management-services deferred revenue by $3.3 million, boosted annual recurring revenue to $1.7 million, and ended June 30, 2026 with $25.0 million in cash and cash equivalents and stockholders’ equity of $21.9 million.

Positive

• First-half revenue +14% to $52.6 million versus $46.3 million in 2025
• Underwriting revenue +59% year-to-date to $40.9 million; commissions +15% to $9.1 million
• Q2 operating expenses -67% to $17.9 million, narrowing operating loss to $1.1 million
• First-half operating loss improved 19% to $38.8 million from $47.7 million
• Dominari Financial segment profitable with Q2 net income of $2.5 million and first-half $10.8 million
• Dividend returns to shareholders: $0.31 per share in Q2, $9.0 million paid May 29, 2026

Negative

• Q2 revenue declined to $16.8 million from $38.9 million in Q2 2025
• Net loss to common stockholders of $5.4 million in Q2 versus $16.6 million profit a year earlier
• First-half net loss widened to $62.8 million from $15.9 million in 2025
• Stockholders’ equity declined to $21.9 million at June 30, 2026 from $69.4 million at December 31, 2025
• Operating cash outflow of $38.8 million in the first half of 2026
• Share count increased to 24.2 million issued at June 30, 2026 from 16.1 million at December 31, 2025

Market Reaction – DOMH

+8.59% $3.06

15m delay

+8.59% Vs previous close

$3.06 Last Price

$2.84 $3.10 Day Range

$60.16M Market Cap

0.7x Rel. Volume

Following this news, DOMH has gained 8.59%, reflecting a notable positive market reaction. Our momentum scanner has triggered 5 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $3.06.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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 and outstanding as of June 30, 2026, and December 31, 2025; liquidation value of $0.0001 per share			-				-
Convertible Preferred Series D-1: 5,000,000 shares designated; 834 shares issued and outstanding as of June 30, 2026, and December 31, 2025; liquidation value of $0.0001 per share			-				-
Common stock, $0.0001 par value, 100,000,000 shares authorized; 24,243,646 and 16,067,435 shares issued as of June 30, 2026, and December 31, 2025, respectively; 24,243,646 and 16,067,435 shares outstanding as of June 30, 2026, and December 31, 2025, respectively			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 deemed dividend			(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 Dominari Holdings Inc.		$	(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 diluted
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.

FAQ

How much did Dominari (DOMH) revenue grow year-to-date in 2026?

Dominari year-to-date 2026 revenue grew 14% to $52.6 million compared with the same period in 2025. According to Dominari, this increase was mainly driven by a 59% rise in underwriting revenue to $40.9 million and a 15% increase in commission revenue to $9.1 million.

What were Dominari (DOMH) second-quarter 2026 financial results?

Dominari reported Q2 2026 revenue of $16.8 million and an operating loss of $1.1 million. According to Dominari, revenue declined from $38.9 million in Q2 2025, but operating costs fell 67% to $17.9 million, significantly narrowing the operating loss versus the prior-year quarter.

Why did Dominari (DOMH) net results worsen year-to-date 2026 despite higher revenue?

Dominari’s first-half 2026 net loss attributable to common stockholders was $62.8 million, larger than the $15.9 million loss in 2025. According to Dominari, this mainly reflected a swing in valuation on its American Bitcoin Corp investment and a $15.2 million income tax provision in 2026.

What dividend did Dominari (DOMH) pay in the second quarter of 2026?

Dominari paid a $0.31 per share cash dividend in the second quarter of 2026. According to Dominari, the total dividend payment was $9.0 million, paid on May 29, 2026 to shareholders of record as of May 15, 2026.

How did Dominari (DOMH) operating expenses and operating loss change in Q2 2026?

Dominari cut Q2 2026 operating costs and expenses 67% to $17.9 million, narrowing operating loss to $1.1 million. According to Dominari, this improvement was driven by lower compensation and benefits, including a $25.7 million reduction in stock-based compensation, despite lower quarterly revenue.

What was Dominari (DOMH) balance sheet position as of June 30, 2026?

As of June 30, 2026, Dominari held $25.0 million in cash and cash equivalents and total stockholders’ equity of $21.9 million. According to Dominari, working capital was about $15.8 million, and Dominari Securities maintained approximately $18.2 million of net capital versus a $0.6 million requirement.

How did Dominari (DOMH) recurring and deferred revenue change in 2026?

Dominari increased annual recurring revenue (ARR) to $1.7 million at Q2 2026 from $0.5 million a year earlier. According to Dominari, deferred revenue related to its management services also rose by $3.3 million during the quarter, supporting a higher recurring revenue run-rate compared with June 2025.