Dominari Holdings Reports Preliminary FY 2024 Financial Results

Rhea-AI Summary

Dominari Holdings (NASDAQ: DOMH) has reported preliminary unaudited financial results for FY 2024, showcasing remarkable growth with expected total revenue of approximately $19 million, representing a 900% increase from $2.0 million in 2023. The company demonstrated strong Q4 2024 performance, generating over $8.0 million in revenue.

Key developments include:

• Co-founding American Data Centers Inc. (ADC) with a 32% ownership stake
• FINRA approval for Dominari Securities to add 50 new seats and locations
• Implementation of a Bitcoin treasury strategy through investment in Blackrock's iShares Bitcoin Trust ETF (IBIT), currently holding $2 million

The company expects to file its annual report on Form 10-K within the fifteen-day grace period provided by SEC rules.

Positive

• 900% year-over-year revenue growth to $19 million in 2024
• Strong Q4 performance with $8 million in quarterly revenue
• Strategic 32% ownership stake in American Data Centers
• FINRA approval for significant operational expansion
• $2 million Bitcoin treasury established through IBIT investment

Negative

• Financial results are preliminary and subject to audit completion
• Delayed 10-K filing, requiring use of SEC grace period

Insights

Financial Analyst

Dominari's preliminary results reveal remarkable financial acceleration, with $19 million in 2024 revenue representing an 900% year-over-year increase from $2 million in 2023. The fourth quarter was particularly strong, generating $8 million - accounting for 42% of annual revenue and indicating potential momentum heading into 2025.

For context, this revenue performance significantly changes Dominari's price-to-sales ratio. With a market cap of $70.1 million, the company now trades at approximately 3.7x sales based on 2024 figures, compared to 35x sales using 2023 revenue. This dramatic improvement in this valuation metric warrants attention.

The company's Bitcoin treasury initiative ($2 million invested in IBIT) represents a strategic allocation of approximately 10.5% of its annual revenue into cryptocurrency exposure. While this diversifies holdings, it also introduces volatility risk to the balance sheet that investors should monitor.

Two cautionary notes: First, these results remain preliminary and unaudited. Second, the company will utilize a 15-day grace period for its 10-K filing, which suggests potential complexity in finalizing financial statements. Without profitability metrics, cash flow details, or information on recurring versus one-time revenue components, investors have an incomplete picture of Dominari's financial health despite the impressive topline growth.

Strategic Business Consultant

Dominari is executing a calculated transformation from a pure financial services firm to a diversified holding company with multiple growth vectors. The 900% revenue increase demonstrates effective execution, but more importantly, the company is deploying three distinct strategic initiatives simultaneously:

• Core business expansion: The FINRA approval for 50 new seats and additional office locations for Dominari Securities suggests confidence in scaling their investment banking operations, which appears to be driving current revenue growth.
• Alternative asset diversification: The Bitcoin treasury strategy implements a partial hedge against inflation while potentially capturing cryptocurrency appreciation, showing financial sophistication rarely seen in micro-caps.
• Strategic technology investment: The 32% stake in American Data Centers positions Dominari in the high-growth data center sector critical for AI infrastructure, with potential synergies connecting financial services clients to data center opportunities.

The partnership with high-profile figures in the data center venture creates visibility but also introduces potential polarization risk. The diversification approach is sophisticated for a company of this size, though execution challenges across multiple verticals shouldn't be underestimated. The financial services expansion and data center investment appear complementary, potentially allowing cross-selling opportunities with Dominari's investment banking clients seeking infrastructure solutions.

2024 Revenue Surges to Approximately $19 Million as Company Executes Growth and Expansion Strategy

NEW YORK, March 28, 2025 /PRNewswire/ -- Dominari Holdings Inc. (Nasdaq: DOMH) (the "Company" or "Dominari") today announced its preliminary, unaudited revenue results for the full year ended December 31, 2024.

Based on preliminary financial data, Dominari expects to report total revenue of approximately $19 million for 2024, representing an approximately 900% increase compared to approximately $2.0 million in 2023. The Company had a strong fourth quarter in 2024 with over $8.0 million of the annual revenue recognized during the quarter. The growth in revenue is attributed to the strong execution of the Company's growth strategy and accelerating market demand for investment banking services.

Recent Business Highlights

• Dominari co-founded and took an ownership interest in American Data Centers Inc. ("ADC"), a venture focused on developing energy-efficient data centers to meet the growing demand for high-performance computing infrastructure. Dominari holds a 32% stake in ADC, partnering with Donald J. Trump Jr., Eric Trump, and AI industry professionals;
• Dominari Securities LLC ("Dominari Securities"), a subsidiary of Dominari, received approval from FINRA to expand operations by adding 50 new seats and new office locations; and
• Dominari Bitcoin Treasury.   Dominari established a Bitcoin treasury strategy whereby it is using a portion of excess cash and earnings to buy shares of Blackrock's iShares Bitcoin Trust ETF (Nasdaq: IBIT), the largest Bitcoin ETF in the world.  Dominari's management currently plans to continue this practice as the Company's cash reserves continue to grow.  Dominari currently has $2 million in its Bitcoin treasury and expects to further add to its alternative coin treasury by year end. 

Anthony C. Hayes, CEO of Dominari, commented, "2024 was a transformative year for Dominari, marked by significant revenue growth, strategic investments and expansion activities to further develop our operational footprint. As we continue to expand our capacity to provide comprehensive investment banking services, we remain committed to our broader strategy of transitioning into a dynamic holding company, strategically investing in emerging technologies that drive innovation and long-term value for our shareholders."

The preliminary revenue figures presented in this release are subject to finalization as the Company completes its year-end audit process. The Company expects to file its annual report on Form 10-K with the Securities and Exchange Commission (the "SEC") within the fifteen-day grace period provided by Rule 12b-25 of the Securities Exchange Act of 1934, as amended.

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 Holdings 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' Mission Statement:

Dominari Securities, a principal subsidiary of Dominari Holdings, 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, 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 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 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, 2023 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/

Investor Relations
Hayden IR
Brett Maas, Managing Partner
Phone: (646) 536-7331
Email: brett@haydenir.com
www.haydenir.com

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SOURCE Dominari Holdings Inc.

FAQ

How much revenue growth did Dominari Holdings (DOMH) achieve in 2024?

Dominari Holdings reported preliminary revenue of $19 million for 2024, representing a 900% increase from $2.0 million in 2023.

What is Dominari Holdings' (DOMH) stake in American Data Centers?

Dominari Holdings holds a 32% ownership stake in American Data Centers Inc. (ADC), a venture focused on developing energy-efficient data centers.

How much has DOMH invested in its Bitcoin treasury strategy?

Dominari Holdings currently has $2 million invested in Blackrock's iShares Bitcoin Trust ETF (IBIT) as part of its Bitcoin treasury strategy.

What was Dominari Holdings' (DOMH) Q4 2024 revenue?

Dominari Holdings generated over $8.0 million in revenue during Q4 2024, representing more than 40% of their annual revenue.

What expansion approval did Dominari Securities receive from FINRA in 2024?

FINRA approved Dominari Securities to expand operations by adding 50 new seats and new office locations.