DOMH DOMINARI HLDGS

NASDAQ
$2.71

Dominari Year to Date Revenue Increases by 14% Over 2025

Tuesday, August 11, 2026 · 8:00 AM ET PR Newswire

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.

Dominari Holdings Inc.

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 

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SOURCE Dominari Holdings, Inc.

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