Dominari Q1 Revenue Increases by 395% Over Q1 2025

Published: 2026-05-13 07:01:14 ET DOMH

Published on 05/13/2026 at 07:01 am EDT

Underwriting revenues increased over five-fold

NEW YORK, May 13, 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 first quarter of 2026, we experienced continued revenue growth mainly from underwriting services, increased our annual recurring revenue from our management fees that we earn on deals that we bring to market from essentially nil 18 months ago to over $1 million, and currently retain carried interest positions in some exciting emerging companies that we believe will yield positive returns over the course of the next 24 months." While the net income reflects one-time, non-recurring expenses for Q1 2026, we believe that the margins we expect from our core business for the balance of the year, will result in improved operating income and bottom-line performance." The Company concluded, "the leadership team on our broker dealer subsidiary, led by Kyle Wool, continues to deliver world class investment banking services to our ever-growing list of clients, and we believe that will yield continued improved performance for the future."

First Quarter 2026 Highlights

DOMINARI HOLDINGS INC.

Condensed Consolidated Balance Sheets

($ in thousands except share and per share amounts)

March 31,

December 31,

2026

2025

(Unaudited)

ASSETS

Cash and cash equivalents

27,477

34,005

Marketable securities

6,901

46,516

Securities owned

11,118

9,756

Receivable from clearing brokers

21,883

3,995

Long-term equity investments

11,846

11,744

Loans to employees

1,669

1,767

Right-of-use assets

2,586

2,721

Prepaid expenses and other assets

1,840

2,403

Total assets

85,320

112,907

LIABILITIES AND STOCKHOLDERS' EQUITY

Accounts payable and accrued expenses

777

611

Accrued compensation and commissions

25,005

17,754

Accrued dividends payable

364

10,335

Contract liabilities

4,679

4,504

Lease liability

2,744

2,841

Income taxes payable

20,174

7,318

Other liabilities

173

Total liabilities

53,743

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 March 31, 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 March 31, 2026 and December 31, 2025; liquidation value of $0.0001 per share

Common stock, $0.0001 par value, 100,000,000 shares authorized; 22,613,781 and 16,067,435 shares issued as of March 31, 2026, and December 31, 2025, respectively; 22,613,781 and 16,067,435 shares outstanding as of March 31, 2026 and December 31, 2025, respectively

Additional paid-in capital

357,099

337,505

Accumulated deficit

(325,492)

(268,134)

Total Dominari stockholders' equity

31,609

69,371

Non-controlling interests

(32)

Total stockholders' equity

31,577

69,371

Total liabilities and stockholders' equity

85,320

112,907

DOMINARI HOLDINGS INC.

Condensed Consolidated Statements of Operations

($ in thousands except share and per share amounts)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Revenues

Underwriting services

32,949

5,606

Carried interest

1,096

Commissions

2,490

2,190

Interest income

308

Principal transactions

(1,532)

(910)

Other revenue

494

315

Total revenue

35,805

7,240

Operating costs and expenses

Compensation and benefits

68,159

15,457

Advisory fees

20,944

Legal fees

1,485

704

Professional and consulting fees

876

829

Other expenses

2,871

2,188

Total operating expenses

73,427

40,122

Loss from operations

(37,622)

(32,882)

Other income (expenses)

Other income

108

Interest income

Gain (loss) on marketable securities, net

(7,014)

(168)

Realized and unrealized gain loss on notes receivable, net

221

Change in carrying value of investments

320

Total other income (expenses)

(6,845)

394

Net loss before income tax expense

(44,467)

(32,488)

Provision for income taxes

12,868

Net loss

(57,335)

(32,488)

Less: Net income attributable to non-controlling interests

Net loss attributable to common stockholders of Dominari Holdings Inc.

(57,358)

(32,488)

Net loss per share, basic and diluted

Basic and Diluted

(3.17)

(3.02)

Weighted average number of shares outstanding, basic and diluted

Basic and Diluted

18,068,269

10,775,219

DOMINARI HOLDINGS INC.

Condensed Consolidated Statements of Cash Flows

($ in thousands)

(Unaudited)

Three Months Ended

March 31,

2026

2025

Cash flows from operating activities

Net loss

(57,335)

(32,488)

Adjustments to reconcile net loss to net cash used in operating activities:

Amortization of right-of-use assets

135

Depreciation

Change in carrying value of long-term investment

(320)

Non-cash underwriting revenues

(10,080)

(697)

Non-cash commission expense

7,610

Stock-based compensation – employees

19,243

28,626

Stock-based compensation – advisors

Realized (gain) loss on securities owned

(590)

714

Unrealized loss on securities owned

2,122

259

Realized loss on marketable securities

6,949

670

Unrealized (gain) loss on marketable securities

115

(468)

Realized and unrealized (gain) loss on note receivable

(221)

Changes in operating assets and liabilities:

Prepaid expenses and other assets

537

(2,401)

Receivable from clearing brokers

(17,888)

4,848

Accounts payable and accrued expenses

165

520

Accrued compensation and commissions

7,251

1,210

Right of use asset and liability, net

(97)

(122)

Contract liabilities

175

632

Income taxes payable

12,856

Other liabilities

(173)

395

Net cash (used in) provided by operating activities

(28,942)

1,235

Cash flows from investing activities

Purchase of marketable securities

(9,185)

(9,035)

Sale of marketable securities

41,736

1,776

Purchase of securities owned

(1,666)

Sale of securities owned

1,242

Purchase of long-term investments

(102)

Redemption of long-term investments

538

Collection of principal on note receivable

1,143

Collection of loans to employees

142

Net cash provided by (used in) investing activities

32,123

(5,436)

Cash flows from financing activities

Cash paid for dividends

(9,971)

(7,080)

Distributions to non-controlling interest

(55)

Cash from issuance common stock, net of offering cost

13,517

Cash from issuance common stock for exercised warrants

317

Net cash (used in) provided by financing activities

(9,709)

6,437

Net increase in cash and cash equivalents

(6,528)

2,236

Cash and cash equivalents, beginning of period

34,005

4,079

Cash and cash equivalents, end of period

27,477

6,315

Cash paid for interest and taxes

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.

Three MonthsEnded

Three Months Ended

March 31,2026

March 31,2025

Loss from operations

(37,622)

(32,882)

Non-cash stock-based compensation

19,279

28,626

Adjusted loss from operations

(18,343)

(4,256)

Net loss attributable to common stockholders' of Dominari Holdings

(57,358)

(32,488)

Non-cash stock-based compensation

19,279

28,626

Adjusted net loss before income tax expense

(38,079)

(3,862)

Adjustment to the provision for income taxes

4,427

Adjusted net loss to common stockholders' of Dominari Holdings

(38,079)

(8,289)

Adjusted net loss per share, basic

(2.11)

(0.77)

Weighted average number of shares outstanding, basic

18,068,269

10,775,219

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/[email protected]

View original content to download multimedia:https://www.prnewswire.com/news-releases/dominari-q1-revenue-increases-by-395-over-q1-2025-302770568.html

SOURCE Dominari Holdings Inc.